Bitcoin Forum

Hi I am new in mining I just need advice I have a core i5 4th gen CPU is it wise to mine a smaller coin to convert it for a bigger coin so I can exchange it for cash to buy a good GPU. I would appreciate good advice thank you

Since you do not have a gpu yet
Simply spend your time and participate in valuable airdrops and commendable bounty programs to get huge tokens then trade them for bitcoin to buy your mining set

With only a cpu, you cannot mined any coins, unless you have a anykind of gpu to start to. Mining a coins is not easy as you think, you need to have a good specs of pc or build a mining equiptment which is very expensive right now, it is either of this two, this both are spending alot of money to build up. So as long as you dont have gpu yet to be use, you cannot start mining.

One of the most important things that you need for mining is the GPU and for now you only have a CPU. So that might be a set back. You could look for other ways to get funds for that cos that's is essential for your mining business. You could invest in coins now or participate in faucets and bounties, so when they yield profits, you could use your earnings to get the GPU.

If you don't really have a big capital i suggest you just invest and not mining.
Because mining is not all about you buying RIG, but you also need big money for paying it's monthly electricity bills

There are some steps to make you sure you are not wasting for money for useless thing.
1 check the coin that make you interested to mine it
2 accumulting how many hash power that will you get through use your GPU
3 accumulating your profitability
4 take your conclusion about how long you will get back your ROI and always consider about the difficulty increase.

Welcome.

Is that a laptop or desktop? if its on a laptop I don't advise you to mine that. That depends on the algo of that coin, what if you chose to mine a coin that no one really use and there's no volume on exchanges? you're just wasting your time and electricity.

Also mining with CPU? that's not a good idea.

My advice for you is to dedicate your time to focus on Airdrop and bounties
In fact profitable bounty programs

There is a lot of advantages in learning on this forum too
Don’t be left behind dude

Without GPU/ASICS mining other types of mining are not very profitable and also time consuming. So, I would not suggest you to try a cheaper way to mine coins as they can also harm you mining devices without even paying you good money.

With just a CPU, you can't be mined any coins, except if you have any kind of GPU to begin to. Mining coins will be difficult to mine in this specification, you need great specs of pc or manufacture a mining hardware which is exceptionally costly at the present time, So as long as you don't have GPU, you can't start mining.

I think you can mining if you want. If you do not have a GPU, then you can spend more time and attend in various bounty programs and keep collecting coins. You start mining with your coins. BTCBTCBTC

It is impossible to mine without GPU in my knowldege. If you are really willing to mine then make sure to have the proper knowledge of mining as it is no that easy task to do.

A good CPU only is not enough to join mining at the moment :). I think you need tons of good CPU. LOL. You should know that mining difficulty level is increasing very quickly day by day and price of whole crypto market is dumping so you should think carefully before making decision to join mining or not :). IMO, you shouldn't but you still can get more knowledge about mining by taking a look at this section: https://bitcointalk.org/index.php?board=14.0

I think mining with a CPU is a bad choice because your CPU will not be damaged for a long time and if it continues for longer it will cause more serious damage than before

You can mine without GPU ofcourse but there is no benefit of mining without it. Mining is not that easy and without GPU things can get more complicated.

You can not do mining with this configuration. You must need a gpu to do the mining so i think you try other things related to cryptocurrency.

As you don’t pay the gup tillnow. I think its best decision to spend your time and participate in valuable and commendable bounty program to get a lot of  token. And trade tem to for bitcoin to  purchase your mining set.

Your computer won't be able to mine coins without a GPU. I think you can try airdrops or bounties so that you can buy a gpu for mining.

I have seen some shitcoins in the market that can potentially mine up with CPU but mostly I do know that coins are being mined with a Graphics card/GPU.
The fact into these kind of mining activity is that it wont really give any potential returns to the miner itself because coins that can be mined thru CPU doesn't even guarantee that it do have
reasonable market value and besides you are just ending up on busting out your own processing unit without any returns. So my advice is that better not to proceed with this activity.

I recommend you to give more effort on doing bounties and participating in Airdrop so you will be able to earn for your GPU but then a single GPU is not that profitable so I think you'll still have to earn more before creating your mining rig so you can have funds to buy GPUs and other mining parts.

Before you can go fully into mining, you need to get and out every thing necessary in place. Participate in other way of earning, whatever you are able to get at they end, might be enough to get a good set of mining kits.

Are you new in mining or crypto world? If you have any experience in crypto world then i think you should know that mining is not possible now with your computer.

I think this is the best advice for you. I also planning to have mining rig all my earning from airdrop and bounty could help me to buy set. Consider also that bounty and airdrop is profitable as long as you know how to do some research and need some effort.

#Support Vanig

Mining coin is something which requires sheer programming knowledge, equipment set and also electricity. As you are planning to do it alone, I hope you have got all the three. For now I'd recommend first invest in BTC and acquire better knowledge about current market.

better buy than try mining today because you would end up pennies worth of altcoins and a bigger electricity bill in the future.

For mining you must need a gpu. Without it you cannot start mining. Before getting gpu, you can join in bounty program and earn some cash for buying gpu.

you can do research here https://bitcointalk.org/index.php?board=160.0, search for CPU mining, but FYI CPU mining are not profitable now, you need hodl and wait. i also mining nimiq and jsecoin using my office PC while i work... ;D

since you still newbie, u can join the social media bounty campaign. now recommend to join airdrop because too much scam now. signature campaign for newbie are not much choices but u can try. https://bitcointalk.org/index.php?board=160.0

 

if you are serious about mining please buy existing tools such as motherboards, SSD, RAM, PSU and GPU. and you can directly mine altcoins. my advice, choose an ETH coin to be mined because ETH has a future and the price is very good.

Yes, it is advisable. I've been mining on my laptops for awhile and no matter what someone says, I've mined enough to buy couple of new laptops.

However I would like to clarify that you may need to wait a little as well. Two coins that gave me the most profit back in the days were Zoin and Intense. I was mining them when the difficulty was low but still took it a long time before I could get some good profit on it.

this is my advice to you when youre in mining !!! you need to invest mining like 100$ so youre mining status will be fast as they other mining !! you need to invest big in that mining pool!! to get faster mining!!

I agree with you, because from the results of the bounty and airdrop you can buy a computer device with a higher specification.
You just need to spend your time to get a lot of money.

You should have better equipment than that, mining is not easy. I already did that and stop it because need electricity in high quantity and the result is very small, can't pay the bills. I suggest you try referral program to raise higher speed from your mining activity. Before that, please calculate your in out income because bitcoin price is too low. Think again before start and good luck to you.

When it comes to mining activities for you to have more knowledge about the specifications needed for a computer. In your case you have a Intel core i5 4th gen CPU so you will able to mine a smaller coin but it can't be covert for a bigger coin so you must first have combination of CPU and GPU to work in mining. In some point much better to start first to mine a smaller coin and afterwards if you are able now to buy a GPU to help and to power up your mining so that's the time for you to mine a bigger coin and exchange it to cash to upgrade your computer to mine more bigger coins in the future.

I really appreciate your interest over learning about mining but to be honest if you are new here then my advice will be at first try to understand the system very nicely cause mining is not as easy as you think so you must learn the mining process properly

In accordance to the current situation it will be so difficult for mining in the future because it is not so profitable now and there are too many ways to earn money.

At least you must do a lot of research about how many ROI, the profitability, electricity and maintenance cost. They are important things before try build your mining rig to mine the coin. remember the difficulty is always increase anytime and it could become another problem that gives a huge impact to your ROI.

take a serious look and read at mining section.. you will discover that doing mining is not an easy activity and it's not so lucrative unless you have a very chep price of energy and a good amount of $$$ to invest.

You are late bud. The time has gone when CPU could have gained you good amount of profits through mining. The difficulty has raised so much that it is almost impossible to mine crypto through a CPU. The computational power a CPU can go to at the maximum won't be just sufficient to mine at least a few coins. Although there are a few coins which can be mined through CPU it won't generate you enough money to take out good profits. So you should either consider in investing in GPUs and build a rig or directly invest in Cryptocurrencies and start trading.

You will require having high power CPU but you will also need other specific equipment for mining. Moreover you will also need to have knowledge and expertise. Try to take part in the airdrops as well as in the bounty campaigns.

That is not sufficient enough for mining coins but you can try platforms like minergate and honeyminer which allows you to mine with your cpu. But, there are high chances of damaging your cpu in the process and the pay off is also not so good compared to gpu mining.

Get yourself a Bitcoin calculator. Why you need this? You need it because it will help you with research. It will let you know how long it will take making profit when you input information into bitcoin miner.

To hold your bitcoins you will need a bitcoin wallet so grab it quick. Then do find a mining pool which is actually a bunch of bitcoin miners aims to produce more bitcoin miner by combining the computing power.

Mining is actually pretty hard unless you have a gpu. It needs computer mining equipment and also a client who will handles and operates all rig form users computer. This equipments are pretty expensive

One graphic card will not be enough for mining. It is necessary to buy a lot and organize them all into one system.

You need to learn how these things work before you venture into it full time. Take your time , read and study and learn from people that are doing it before and also get their experience and add to yours

CPU mining brings very small amount of money - you will earn for GPU for a long time. I think better for you to try bounties and airdrops. Bounties will help you earn for much smaller time and you do not need to spend much time for doing that. If you have a lot of free time you could join to airdrops too.

You must buy a GPU to get the best outcome from mining. I suggest you go for small bounties. airdrops, games that gives handsome tokens absolutely which are legitimate to buy BTC or other coins with that you can make it possible to trade Mining hard wares if you do not have money for now. If you have money, then I suggest you go more AMD GPU or nVidia and start mining. Do not forget to have a nice amount of RAM in it.

Mining is good
But without the proper tools can be a waste of time
I do urge you to get involved in trading or Alt coins investment
It will save you all of stress

if you don't have enough money to buy gpu and want to earn money by coins mining theb you need to keep eye on new launched coins to mine you will make good money with this iam sure with this.

Mining is not as lucrative as it sounds, mining requires a great deal of electricity, and other resources. Even with so much investment in the required equipment, you may end up not meeting your target due to the inherent risks involved. Obsolescence of mining equipment is one of the risk factors to consider. My advice is that you consider other alternatives of investment in the cryptocurrency space. You can engage in bounties and airdrop or go for trading or staking.

I'm also interested about mining but don't know what to do and how to start. I here ti know about it.

You need to have a GPU too, only a CPU is not enough to get the work done. And participate in the airdrops as much as you can. And make sure you are updated in the bounty hunting campaigns.

I advice you to move from mining. There are last chances to get money from this doing and if you want to earn on it, do not miss this oppotunity, it will be late soon and I think you will also regret about it. I have given up mining and I am happy.

Man, there is a mining discussion on this forum, I suggest you to post your question there and better read out topics, because multiple of people has already asked similar question and there is ton of answers you can find there

I came to the conclusion from mining three years ago to this year, that is, selling mining equipment early, because mining does not make money, and the people who make money are always the people who sell mining equipment. Mining is not as good as speculating, this is my suggestion.

I like mining most of all and I don't understand people who don't think that it is the 'wrong' way of doing and investing resources and so on. I am planning to go on.