Bitcoin Forum
November 09, 2024, 12:53:47 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Thinking about getting started mining bitcoins for fun  (Read 488 times)
Shalmon (OP)
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
July 22, 2013, 12:16:17 AM
 #1

Hi, I have been really interested in bitcoins for a while now, and I'm very interested in mining. I have no BTC and I have been hesitant to convert USD to BTC via the exchanges to purchase mining equipment. However, I am realizing that if I want to get started with this hobby, then I have some small opportunity to do so by purchasing USB Miners now, as I was not in the game, and lacking the BTC to preorder anything fancier a long time ago. I understand the ROI on these isn't all that great, but since I am paying USD and not BTC for them, at least I can have some way of generating crypto. Am I throwing away my money? I am not really trying to "profit", but I don't want to finally get started mining and only crank out $5 a month. Yes, I am aware of the volatile market and difficulty calculators. Also, I'd rather not just buy the BTC and keep them waiting for increase, I like the idea of mining.

What do I need to look for in a USB hub that is used for mining?
EscrowBTC
Newbie
*
Offline Offline

Activity: 42
Merit: 0



View Profile
July 22, 2013, 12:25:48 AM
 #2

Try to build or buy the best mining rig for your money reserved for this investment.

You will not make 5$/month, but don't think you will make millions.

Bigger investments results bigger profits.
Shalmon (OP)
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
July 22, 2013, 12:32:35 AM
 #3

Try to build or buy the best mining rig for your money reserved for this investment.

You will not make 5$/month, but don't think you will make millions.

Bigger investments results bigger profits.

I don't have a lot of money to invest at this time, that's why the USB Miners are the most realistic starting point for me.

I think it would be a fun project, and bring me joy knowing that they were hashing away while I slept, or went to work etc... even if the gains aren't huge.

This is more of a hobby than a business venture at this point. I can always scale up as my knowledge and passion increases.

Of course I would like to make some of my initial investment back, but I don't expect them to pay for themselves for a long time.

I wish I had made a big investment back in the day. I had heard of bitcoins, even read about people building GPU mining rigs, but I didn't really know what they were. If only I had been mining all this time.
fildza
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


Ask me anything if you have any problem


View Profile WWW
July 22, 2013, 12:34:43 AM
 #4

Invest is a long time profit. You must be patient

█████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
▓▓▓▓▓  BIT-X.comvvvvvvvvvvvvvvi
→ CREATE ACCOUNT 
▓▓▓▓▓
█████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
EscrowBTC
Newbie
*
Offline Offline

Activity: 42
Merit: 0



View Profile
July 22, 2013, 12:38:34 AM
 #5

I think USB Miners are ok for a good start! Good luck!

Always try to calculate risks before invest money in something.

You will learn that in time.

Also, agree with you fildza, "Invest is a long time profit. You must be patient"
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!