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1  Alternate cryptocurrencies / Altcoin Discussion / Re: That time again- EARTHCOIN giveaway! on: December 28, 2013, 01:53:52 AM
ei8DkaptjJLbPS7ikin1uSXkN3kZAUBFiw

Thank you!
2  Other / Beginners & Help / Re: Crypto Strategies? on: December 27, 2013, 10:42:12 PM
If you really want to get into mining and don't have a lot of BTC I would go with CEX.

I use CEX and its a GH (gigahash, aka mining power) trading platform. Market prices are paid for GH, a lot of helpful people in the chat box there and it's really catching on. I have about 8GH on there at the moment and I trade pretty frequently.

The trading allows you to trade up to more GH as the price drops (as the difficulty goes up the GH produce less BTC) but since it is a falling market and still has some upside swings, it's pretty easy to get the hang of, and of course you can just buy and mine and keep mining if you expect the next difficulty change to be less difficult to mine, or if you expect BTC prices to get to 10k within a few months.

I have been able to increase BTC and GHs by trading pretty much flat and buying in lower (you keep the BTC you mine while you wait for your exit point)

The best thing though, is that the GH are yours forever. (unless they go out of business I assume) you pay a percentage for electricity and maintenance.

you can get started with .000001 BTC

the link is in my signature (oh yeah you make a small bonus on referrals to)

Alternatively, you can just buy 1GH for about $11 for 1 year from butterflylabs.com no idea when they will start mining for you, but it's another low-cost option and they take USD

That sounds genius  Cool whole new business models are popping up around all this. I think that event though the Bitcoin bandwagon is in overload, cryptocurrencies are far from mainstream and I thin kanyone getting in right now and learning will be in a good position when there is mainstream acceptance.
3  Other / Beginners & Help / Re: Crypto Strategies? on: December 27, 2013, 06:10:36 AM
Cool , thank you for the sanity check!  Wink

Is Coinwarz a good place for comparing coins or is there something better?
4  Other / Beginners & Help / Re: What Asics can i buy right NOW? no pre-order on: December 27, 2013, 04:59:44 AM
I bought a couple of ASICMiner block erupters off eBay for about $40 each. They do 335kH each.

Decent enough to get you started in pool mining on any SHA-256 currency, I think BitCoin has just too high a barrier to get into right now but that's just my 2 Lincolns  Wink

Plus if you're new to all this (like me  Cool ) It's best to keep your investment low until you know what you're doing with a command line and compiling code.

I think even to pool mine BTC you would need a minimum of 5gH just to even make it psychologically viable. But I'm a newb at this and it's just my Google-ated guess.  Grin


Its better to not waste potential investment money just buying hardware because you want to. Wait for a good opportunity and jump on it, usb block erupters are not one of those. Also you dont need any minimum amount for pooled mining, that's the whole point of pooled mining...

I agree with that, but i have noticed a big difference in my pool share when my Hashrate increased from CPU mining to using these little ASICs. The novelty of mining 0.000000123546/hr wears off pretty quick. But it's for psychological reasons, I'm personally not in this for the money right now, I think any newb needs to figure out what to do, how to do it and get good at it. Then invest for the money.

I personally think for anyone starting out dropping $100 for testing stuff and figure out what you're doing and have some fun learning to be a good miner is a far better investment than dropping 5 Large on equipment with a 92 degree learning curve. The pressure of having dropped a huge chunk and trying to recoup your investment 10 minutes ago seems alot less fun.
5  Other / Beginners & Help / Re: What Asics can i buy right NOW? no pre-order on: December 27, 2013, 04:41:05 AM
I bought a couple of ASICMiner block erupters off eBay for about $40 each. They do 335kH each.

Decent enough to get you started in pool mining on any SHA-256 currency, I think BitCoin has just too high a barrier to get into right now but that's just my 2 Lincolns  Wink

Plus if you're new to all this (like me  Cool ) It's best to keep your investment low until you know what you're doing with a command line and compiling code.

I think even to pool mine BTC you would need a minimum of 5gH just to even make it psychologically viable. But I'm a newb at this and it's just my Google-ated guess.  Grin
6  Other / Beginners & Help / Crypto Strategies? on: December 27, 2013, 04:26:37 AM
Hey all, Just got into the CryptoCurrency thing over the holidays guess I'm a bit of a [shame]bandwagon jumper[/shame] at the moment.

Just wondering, are there any good strategies for getting into mining currency whit little to invest but personal interest?

From what I've seen it looks like it's best to look at a 'reasonably' backed new coin (good developers, good initial community feedback, etc) and start mining in a pool when the difficulty is low and start to build up some coin that you can trade up on an exchange.

Is this a reasonably viable strategy? I guess it's more of a Monopoly strategy... 4 green houses, 1 red hotel and repeat.

Anyone else out there have any pointers or tips?

(I have to say learning command line mining is tickling the bottom of my closet geek with an ostrich feather  Grin)
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