I have ignored mining for a long time, but I think that I now have the opportunity to start. If anyone is willing to help out a fellow forum member, thatd be just awesome. Im a newb to mining, so any comments are welcome.
Heres the deal:
- I am ready to spend up to $1200 on mining equipment.
- I would like to be relatively certain of
at least breaking even in 3-4 months. This seems very possible to do so, given my calculations with
http://www.bitcoinx.com/profit/- Electricity is included in my rent; it is not a factor.
- I plan to put the equipment in the furnace room, where there is a normal north american electric socket and internet access. There is not much ventilation, however. Noise is not a significant concern.
- My 'technical' expertise is not extensive. I have a normal business-style understanding of computers. I'm not a programmer.
- For example, I can buy a 'Spondoolies SP10 Dawson(1.4 THS)' on Kijiji locally for $1000 CAD. I think it is looking like a good bet. Would like to hear other suggestions also.
- the simpler to set up and understand, the better.
I would be pleased to learn any knowledge and advice you can impart upon me.
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