And1129 (OP)
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November 06, 2014, 05:59:36 AM |
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Hey all, I guess this is sort of an introduction thread. Over the past month or so i've really caught the bug for bitcoins; i'm kinda late to the party, but here I am. I think bitcoins are really cool and will have some future. I've been doing a lot of reading and research and looking over hardware and software stuff lately. I've got a couple different wallets and have already invested some money into buying bitcoin. I'm not looking to get-rich quick with bitcoin or whatever, but rather i'm really interested in learning more about the whole process, system, and bitcoin community. I've done a little bit of mining with my computer's CPU and that was very cool to get to work. I understand that any mining I do or even might do may never be significant, but i'm still onboard with this thing and want to jump in and give it a go. My current hardware is old and really not up to the task, but i downloaded the blockchain and some other mining and wallet programs anyway so that I can start to learn this stuff and get into it. I just bought one of the small Antminer U2's USB miner thingy and should be reviving that to play with tomorrow. What's driving some of this is that in 2-3 months i'm going to be buying a fantastic top of the line gaming pc rig that i'm currently selecting hardware components for and I want to use that idle, while not playing games, to mine for me. I may also consider buying a few dedicated bitcoin miners. I'll ask specific hardware questions later. For now, i have been having issues with getting some of the mining programs to work at all. I had been using GUIminer and mining in Slush's pool for a week or so just fine. Minuscule performance and return on my mining, but i expect that and don't care because i'm just trying to learn. But now GUIminer won't open at all. I've also downloaded and tried Bitminter and BFGminer, but haven't had success implementing those programs at all. What weird's me out is GUIminer worked perfectly and now doesn't and nothing's changed that i can think of.  So that's where I am now. If someone wants to help me based on that, that would be great. Otherwise, later on I may open a single topic thread with more direct and pointed questions. Until then, i'll still be here tinkering in the backgrounds... |
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torusJKL
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November 06, 2014, 06:28:10 AM |
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Welcome to bitcoin.
bfgminer does not mine CPU by default. You would need to compile it yourself and tell it explicit to include CPU mining.
But I don't think you should bother CPU mining.
Even GPU is not really worth it. Unless you don't pay for electricity you will pay more then you earn.
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CryptoHeaven
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Activity: 91
Merit: 10
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November 06, 2014, 06:35:43 AM |
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Mining BTC in 2014/15 is insane, you cannot compete with the mining farms. You are a couple of years too late. Just buy BTC and hold it.
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And1129 (OP)
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Activity: 9
Merit: 0
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November 06, 2014, 06:49:59 AM |
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Thanks for the reply's. I understand that. I think i have a decent understand of where bitcoin is right now. I have bought some BTC and am going to be holding it, and I know that will be exponentially more than i'll ever be able to mine. At this point i guess it's a technical challenge and I want to see what different types of hardware can do. Plus, this is a really cool way for me to educate myself more about hardware and software. Would welcome any more general advice about BTC etc...
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bl4kjaguar
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November 06, 2014, 06:56:28 AM |
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If you are planning on regularly buying bitcoin with your income for the next, let's say 10 months, then you may be interested in buying some insurance on the bitcoin price at https://ICBIT.SE. Now is a great time to leverage yourself to the maximum and insure your future income in terms of bitcoin. |
1CuUwTT21yZmZvNmmYYhsiVocczmAomSVa
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andyawhite25
Newbie
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Activity: 3
Merit: 0
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November 06, 2014, 09:12:46 AM |
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Hey all, I guess this is sort of an introduction thread. Over the past month or so i've really caught the bug for bitcoins; i'm kinda late to the party, but here I am. I think bitcoins are really cool and will have some future. I've been doing a lot of reading and research and looking over hardware and software stuff lately. I've got a couple different wallets and have already invested some money into buying bitcoin. I'm not looking to get-rich quick with bitcoin or whatever, but rather i'm really interested in learning more about the whole process, system, and bitcoin community. I've done a little bit of mining with my computer's CPU and that was very cool to get to work. I understand that any mining I do or even might do may never be significant, but i'm still onboard with this thing and want to jump in and give it a go. My current hardware is old and really not up to the task, but i downloaded the blockchain and some other mining and wallet programs anyway so that I can start to learn this stuff and get into it. I just bought one of the small Antminer U2's USB miner thingy and should be reviving that to play with tomorrow. What's driving some of this is that in 2-3 months i'm going to be buying a fantastic top of the line gaming pc rig that i'm currently selecting hardware components for and I want to use that idle, while not playing games, to mine for me. I may also consider buying a few dedicated bitcoin miners. I'll ask specific hardware questions later. For now, i have been having issues with getting some of the mining programs to work at all. I had been using GUIminer and mining in Slush's pool for a week or so just fine. Minuscule performance and return on my mining, but i expect that and don't care because i'm just trying to learn. But now GUIminer won't open at all. I've also downloaded and tried Bitminter and BFGminer, but haven't had success implementing those programs at all. What weird's me out is GUIminer worked perfectly and now doesn't and nothing's changed that i can think of. So that's where I am now. If someone wants to help me based on that, that would be great. Otherwise, later on I may open a single topic thread with more direct and pointed questions. Until then, i'll still be here tinkering in the backgrounds... You need to know more for doing thins like this as like me that still finding out more to earn more....is using cpu in mining is not that good anyway....and you need to secure your savings so that its really secured for your investment. BTC |
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Vocal
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Activity: 28
Merit: 0
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November 06, 2014, 02:52:14 PM |
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Dont mine with gpu and dont buy asics... better to buy the btcs straight
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qm7
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Activity: 38
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November 06, 2014, 05:19:25 PM |
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Yeah like all the other people are saying, you definitely do not want to try mining for Bitcoin by yourself. Just buy bitcoins when they're low and sell when they get high.
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Velkro
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Activity: 2296
Merit: 1014
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November 06, 2014, 05:30:08 PM |
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i've really caught the bug for bitcoins; i'm kinda late to the party,
You are not late, bitcoin is in infant stage still... Welcome aboard |
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LiteCoinGuy
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Activity: 1148
Merit: 1011
In Satoshi I Trust
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November 06, 2014, 06:10:10 PM |
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i've really caught the bug for bitcoins; i'm kinda late to the party,
You are not late, bitcoin is in infant stage still... Welcome aboard thats it  |
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SpanishSoldier
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November 06, 2014, 08:06:59 PM |
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Thanks for the reply's. I understand that. I think i have a decent understand of where bitcoin is right now. I have bought some BTC and am going to be holding it, and I know that will be exponentially more than i'll ever be able to mine. At this point i guess it's a technical challenge and I want to see what different types of hardware can do. Plus, this is a really cool way for me to educate myself more about hardware and software. Would welcome any more general advice about BTC etc...
If u ever decide to try Cloud Mining, u may like to try my signature. I want to be upfront clear that it is a referral link and if u buy something, i'll earn a commission. But that wont affect the price for u anyway. Hope u enjoy your journey in the Bitcoin highway. GooD Luck |
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RodeoX
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Activity: 3066
Merit: 1147
The revolution will be monetized!
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November 06, 2014, 08:09:11 PM |
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Hi and welcome. First lesson, unless you are thinking of spending tens of thousands of dollars, forget mining.
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b!z
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Activity: 1582
Merit: 1010
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November 07, 2014, 06:17:16 AM |
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Is there a patch for the bitcoin bug?
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And1129 (OP)
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Activity: 9
Merit: 0
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November 07, 2014, 07:45:46 AM |
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lol, nice responses everyone. Thanks for the welcome. I'll look into insurance, and I am interested in cloud mining, so i'll look into that as well. Again, i know i won't be able to compete with mining farms out there, but wouldn't 5 or so nice new ASICs create a bitcoin income stream for me? Regardless of the value?
In other news, the computer i'm planning on building over the next couple months i'm thinking of using TWO of the new Nvidia Titan Z GPUs, which is like 4 980's. I figured that plus a few ASIC's would generate a few mBTC's...
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silvestar
Legendary
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Activity: 1134
Merit: 1002
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November 07, 2014, 08:37:59 AM |
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lol, nice responses everyone. Thanks for the welcome. I'll look into insurance, and I am interested in cloud mining, so i'll look into that as well. Again, i know i won't be able to compete with mining farms out there, but wouldn't 5 or so nice new ASICs create a bitcoin income stream for me? Regardless of the value?
In other news, the computer i'm planning on building over the next couple months i'm thinking of using TWO of the new Nvidia Titan Z GPUs, which is like 4 980's. I figured that plus a few ASIC's would generate a few mBTC's...
If you are looking to mine bitcoin, you should use ASIC only. The efficiency of GPU mining is much much lower, even for high end GPU. |
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