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I am new to this new currency, can someone suggest me some websites to learn more about it?
~ranochigo
~ranochigo
I would start out with the Bitcoin wiki.
And then I'd look into something like a faucet rotator to get some free coins to experiment with. It will help with the hands-on part.
Have a look here: http://www.youtube.com/results?search_query=bitcoin+explained
Many informative videos that will help you understand.
Good luck and post if you have any specific questions.
Thanks for all your help, I would like to know if bitcoin mining profitable anymore? What is ASIC, where can i purchase one?Many informative videos that will help you understand.
Good luck and post if you have any specific questions.
-ranochigo
You can buy ASIC miners In many online shops for example this one : https://www.mining-asics-technologies.com/ (this Is just an example) and Is mining profitable? I would just buy bitcoins and keep them instead of mining, because look bitcoin went up $80 in few days! If you have 10 or more bitcoins that's over $800 profit, that's why you should buy bitcoins and keep them till they rise. If you have a lot to invest cloud mining at cex.io could be profitable If you are trading your Hash while mining. I myself just keep bitcoins.
I'm 100% behind just buying Bitcoins instead of mining. Mining profitability goes down every single day. Bitcoins go up (not every day, but on average). It seems like a pretty clear choice. Mining is only worth it if you have a massive amount of money and feel like spending most of your time trying to maximize income.
-ranochigo
Buy Bitcoins. Seriously. It would be significantly more than that to get involved if you actually want to hit ROI (by more I mean 12k+ minimum). Anything under that and you're pretty much throwing money away. This is especially true with high electricity rates, since it means your income is dropping even faster.
-ranochigo
