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1  Local / Mining (India) / Re: How to Start Mining in India on: July 09, 2016, 09:47:58 AM
I used to mine till more than an year ago, so take my advice accordingly.
Firstly, I don't think that this much investment is profitable for mining bitcoins in particular.
Secondly, my suggestion is to get good graphic card and mine altcoins.
My strategy was to mine every new coin for 2 days to upto a month depending on how its launch goes, then I used to dump them and I "always" made profits.
Last suggestion, a big suggestion, would be to collaborate with others, display your mining management skills & profit and then do a group-buy crowdfunding. Then you'd be able to raise money and play into bigger risks and that would attract investors who are not into cryptocurrency as well.


thanks For reply "skang"
but if i compare GPU mining ( graphics card + mobo +cpu +ram +hdd)  & Antminer S7 the cost will same
   
If more powerful ASICS come online in future then S7 will be obsolete whereas with a GPU you can switch to a new coin if difficulty gets too high.
If you have free electricity then value of S7 holds irrespective of future (unless it's something drastic) and its better than GPUsetup.
Otherwise, GPUsetup at same price is better than a bitcoinASIC.

Plus if it doesn't work out you end up using/selling a gamingPC Tongue

bro i know that S9 is also in market it will cost arround $2500 in india with 14 TH/s hash rate . and S7 came with 4.73 TH/s & the cost is $550 in india. if i purchase 4 S7 minier then my rig hash rate is arround 18 TH/s , it is profitable? as compare to S9 .

forget about electric cost,
i had place where electric bill is ZERO then. it is profitable or not in 1 years my expense is only internet connection,


2  Local / Mining (India) / Re: How to Start Mining in India on: July 09, 2016, 02:24:09 AM
Mining is a great way to generate Cryptocurrency.

I think firstly miner must have to understand basic things as what type of power you have already as there are CPU and GPU power can be used for mining Cryptocurrency.
Now there are some scrypts which are used to run coin scrypts.

There are mainly SHA256, X-11, X-13 and  Ethash and few more.

scrypts used to mine specific cryptocurrecny.

Thanks Bro, 
if i decided to do mining with Antminier S7 ( 4.73 TH/s) , it is based on SHA256 this minier only mine BTC or any other coine will be mine from this hardware
3  Local / Mining (India) / Re: How to Start Mining in India on: July 09, 2016, 02:16:55 AM
I used to mine till more than an year ago, so take my advice accordingly.
Firstly, I don't think that this much investment is profitable for mining bitcoins in particular.
Secondly, my suggestion is to get good graphic card and mine altcoins.
My strategy was to mine every new coin for 2 days to upto a month depending on how its launch goes, then I used to dump them and I "always" made profits.
Last suggestion, a big suggestion, would be to collaborate with others, display your mining management skills & profit and then do a group-buy crowdfunding. Then you'd be able to raise money and play into bigger risks and that would attract investors who are not into cryptocurrency as well.


thanks For reply "skang"
but if i compare GPU mining ( graphics card + mobo +cpu +ram +hdd)  & Antminer S7 the cost will same
   
4  Local / Mining (India) / How to Start Mining in India on: July 08, 2016, 08:49:18 AM
Dear all Member's

I am little bit confuse Please suggest me the best

I am not new for bitcoin but i am new for setup bitcoin mining hardware in my place. i lost lot of money over cloud mining, now i decided to purchase hardware for mining & do it self,

I am here because i am quite confused Huh, for purchasing hardware for Mining in India please suggest me the hardware , i want to setup mining rig under Rs - 1,00,000 /- with those hardware we get maximum ROI ,
 


waiting for your response, Thanks 




 
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