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Author Topic: Looking for recommendation to start  (Read 718 times)
phantam (OP)
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August 21, 2017, 12:48:39 AM
 #1

Hi, I've been toying around with getting a decent miner, but can't decide. I'm a bit strapped for cash at the moment but want to get started anyway.

If my power costs are $0.00, and efficiency per watt isn't required, is there a cheap way to get into mining that doesn't have a long 9-10 month pay back period?

I've looked and theirs just so much uncertainty when it comes to mining, I know going altcoin gives me the most flexibility and allows me to slowly invest 1 card at a time. But are there really no older gen miners that weren't efficient but still pump out THs?

I know it's probably a stupid question but I figured since I'm new maybe you'll forgive me this one Smiley
escrow.ms
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August 21, 2017, 12:53:11 AM
 #2

What most people do is, they mine new coins first and collect them and sell them at higher prices once community grows or they get listed on exchanges.

Ps: Check these sites and chose the most profitable one.
https://whattomine.com
https://www.coinwarz.com/cryptocurrency
NotFuzzyWarm
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September 12, 2017, 03:35:46 PM
 #3

First read Bitcoin mining 101
If you can deal with the 5 points given then go for it.
If you can't - find a different plan.

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome! 1FuzzyWc2J8TMqeUQZ8yjE43Rwr7K3cxs9
 -Sole remaining active developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
rockie2000
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September 16, 2017, 12:08:03 PM
 #4

Try your first step with NiceHash Miner miner.nicehash.com
You don't earn much but it teaches you the basic of BTC mining. Then go from there...

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minecroft
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September 16, 2017, 01:14:31 PM
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Hi all,

New to the forum and bitcoin mining. I have very cheap electricity in my locality and want to start with mining bitcoins. I have gone through the basics however, I am unable to decide which crypto-currency to mine, the ones with ASIC or the ones with GPU RIG>



Thanks
NotFuzzyWarm
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September 16, 2017, 04:41:57 PM
 #6

^^ Then flip a coin Wink
Why do so many folks avoid taking responsibility for making decisions in their lives? It is YOUR money - read the tons upon tons of opinions already given here in the Forum and then DECIDE FOR YOURSELF.

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome! 1FuzzyWc2J8TMqeUQZ8yjE43Rwr7K3cxs9
 -Sole remaining active developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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