Howzit Guys

So I have primarily used localbitcoins.com to purchase BTC, but currently (in my region at least) the prices are extremely inflated (6%-22%). I know there are hundreds of posts on this same topic but there is still not a clear answer and I am hoping the community can help me build a definitive list.  FYI - I am based in South Africa. Basically I just want to know what is the cheapest way to bitcoin online.

I want to find out where is the most affordable place to buy bitcoin online. Including fees, limits, markup, time delay etc. From my findings so far:

1. Coin base
Fees:3.99%
Markup: Not sure
Limits: Depends on the account level.
BTC wallet transfer out fee: none

2. Bitstamp
Fees:5%
Markup: Not sure
Limits: Not sure
BTC wallet transfer out fee: 0.0005 BTC

Feedback will REALLY be appreciated!!

Thanks man, me and BTC been buddies since 2012  but looking into investing into the mining aspect (tbh probably for litecoin) now. Is there anyway you can breakdown exactly what it is I will need so I can start looking into sourcing the parts? Or give me a link where I can find out more info?

OK so its pretty obvious I can't use my macbook to mine... (alt or BTC)... SO:

What exactly do I need to start mining (BTC or ALT coin recommendations welcome).

Do I need to buy a pre-made (and prob over-priced rig)?

Can I build a rig myself? (I have alot of friends in the hardware dept)?

That being said, not wanting to spend a fortune, and dont really care about $ return on investment (wont be running multiple miners), but want to make some coins.

In your recommendation/suggestion/advice/potential-insult-about-me-being-a-nube please also let me know realistically how many coins I can expect to gain a month.

FYI: NOT INTERESTED IN CLOUD MINING.

Really hoping for some helpful advice! thanks guys

Thanks, I looked into minergate briefly, but left striaght after seeing the could reference... which I've gathered from the forums is a 9/10 a scam. Will look into nicehash but like I said not wanting to do cloud mining... Obv dont mind pool mining though

OK, that is pretty much what I've gathered from a few other places too... So, to my next question:

Should I mine Bytecoin or Litecoin (please no other recommendations)?

AND, what exactly do I need to do so. TBH I don't really care about ROI off the bat... I just want to build up my coin count. Do I have to buy a pre-made (and probably over-priced) rig, or can I build it myself (I have alot of friends in the hardware industry). If so, what exactly should I be looking at?

And before any spammers pick this up... not interested in cloud mining...

Guys, I'm thinking of trying to mine some alt coins on my macbook pro (late 2013) retina i7 before I invest in actual hardware... What would you suggest in terms of coins, software, and pools... Not expecting to mine a massive amount of coins or profit much... just want to get some coins to see the process and if viable. BUT... also don't want to kill my macbook haha... any advice would be great! Thanks guys

Guys this is a duplicate, but think i posted it in the wrong section.

I just started mining with slushy's pool.

I'm using a dell vostro v3560 intel core i7-3632qm (2.2ghz)
8192mb (2x4096) 1600mhz Ddr3 Dual Channel

32gb Ssdr Msata Full Card + 1tb Serial Ata

Amd Radeon Hd 7670m 1gb Discrete Graphic Card Wlan + Bt Ba

I'm using GUIminer and currently getting 4.5 hash rate... Does that make sense? I was expecting a bit more to be honest. Or have I not configured it right?

Guys I just started mining with slushy's pool.

I'm using a dell vostro v3560 intel core i7-3632qm (2.2ghz)
8192mb (2x4096) 1600mhz Ddr3 Dual Channel

32gb Ssdr Msata Full Card + 1tb Serial Ata

Amd Radeon Hd 7670m 1gb Discrete Graphic Card Wlan + Bt Ba

I'm using GUIminer and currently getting 4.5 hash rate... Does that make sense? I was expecting a bit more to be honest. Or have I not configured it right?

With the large price difference in BTC between MtGox and Bitstamp (and I see this getting much bigger and quickly), I was looking at some ways of transfer BTC to MtGox, Selling it, and getting the USD back to BitStamp so buy back and make a couple of coins, so went to check out Aurumxchange and bang, as of today they are "discontinuing operations"...

Personal opinion... matter of time before MtGox goes bang too. Right now just have to figure out how to take advantage of this massive gap!

Mtgox was alot higher than other exchanges till recently (granted every now and again it still is) but other markets seem to be yielding higher prices in comparison despite volume differences. Start of a changeover? Also what would you rate as the most volatile exchange? Important for day traders to know as that's where profits are more easily made. Personally I'd say mtgox at this point

I must say from what I've read here, especially in the one post asking about day trading, that seems to be the consensus. Must say I have never done it like that... sell all, buy all back. Maybe I've just been lucky, but especially with the setup on Bitstamp, I find it a bit confusing placing multiple sell orders in (also because I cant set configurable "If" statements for the buy back). Interested to try it out though. Is there a bot, or another platform you use? How do you stay on top of what your selling constantly without missing a beat (Have a day job so cant watch 24/7)

If you checkout Bitstamp (sorry Gox, but dont trust/like/use you), just under 5k in volume could push the price up $10. With the volume on Friday being over 10k, seems possible to me that we could see a spike monday

Guys I've been playing with BTC for a bit now. Brought in early this year at $20, and again at $38. Tried my hand at day trading. Had 10 tabs open daily, watched the graphs, read the forums, news alerts etc. Needless to say first few trades I either made 0.01BTC or lost a bit. Dont mind as this is something completely new, and took it as a learning curve.

I was over the effing moon when it shot up close to 260 (I trade on BitStamp), and heart broken when it plummeted (I was out for dinner, and could only watch it fall on my phone  (2factor verification stopped me logging in and panic selling in time)). It went up a bit that night to 180 when I thought of selling but was convinced the "correction" was over. Big mistake.

Anyway, since then I've been using all the info I have available (graphs, news alert, forums), but been more trusting of my gut when making a trade, and also been looking at it purely on a daily basis (ie if I lost money yesterday, I dont cry over it, and treat today as a fresh start). This has honestly worked out great for me (I have double the amount of coins I have).

So Im wanting to know, what is your golden rules about day trading and how well have the worked for you? With the price climbing (which I am happy about), it also makes it harder to profit on day trades (before all I needed it to day was change a dollar or 2 to make a good return, where as now Im looking at a minimum of a $3 difference to make a coin).

Why not? Tested it out, but it only sold 11BTC which caused the price to drop a bit, but obivously not the full amount because the full amount didnt get sold

Not sure if this is the right place to post this, but hoping someone can help me understand. Warning, I am a bit of a newbie to graphs

Looking at the volume on bitstamp, the bottom graph, if it says for example "50 BTC can be sold for a total of 5.83k USD untill price goes below 114,48" Does that mean if I sell 50 coins, the price will drop from 116.33 to 114.48?

Hi Guys, a bit of a newbie when it comes to trading bots. I would like to have one for bitstamp where I can set the sell price, as well as the buy back price. In other words set a few variables that if it reaches x amount, sell. If it returns true, then buy back at x amount. If it reaches y amount sell, and then buy back at y amount. How would I go about doing this? Can you get someone to code it? Where would I go? freelancer? and help would be appreciated!

Well it did. Shocked to be honest! yet again, nothing is shocking in bitcoin world

Like I say, either way, I'm excited, just a damn shame bitstamp is down (all my coins are stuck there!)

OK, I see now a tweet regarding scheduled downtime... but obviously cant read the link as its down.

Maintenance is good and all, but why not plan it better? Like yesterday?