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Author Topic: Trying to get started Mining  (Read 148 times)
KG513 (OP)
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March 25, 2018, 01:07:14 AM
 #1

 have been purchasing crypto for a while so I have a decent idea on how it works. I am currently somewhere for work for the next few months. I wanna mine BTC or LTC, maybe just about anything. I don’t care about electricity because I don’t pay the bills here. Was looking g at some ASIC miners like antminer L3 but now am reading they don’t return your investment. Is there a miner I can buy, almost set up for me.... that gives a good roi. I just don’t want something too loud because I’m in a hotel.... but the heck with electric bills. I was looking at a gridseed too.... any hep for a beginner would be appreciated!
Max Likelihood
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March 25, 2018, 01:47:50 AM
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There's been a lot of posts on this topic, with the general feeling that it's not a great time to sink a bunch of capital into mining; gpu prices are coming down though, and if you bet on a market recovery, some argue it may be getting better.

But mining is like an arms race--so difficulty is increasing across the board. One thing you might want to think about to get your feet wet is buying hash power from nice hash or mining rig rentals. You can get the flavor of it a bit without messing around with equipment etc.

I would tend to say that it is difficult to impossible to find truly "plug and play" rigs--some places advertise pre-made rigs this way, but I think it is worth it to learn about the builds, OS, mining strategies, etc. Just start small, maybe one rig with 2-3 GPUs, and you're not risking much if it's not to your liking.
Za1n
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March 25, 2018, 02:00:20 AM
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You probably don't want anything too fancy to begin with if you are going to leave it setup in a hotel room. The maid might come in and see all your gear and report you, thinking you are up to something, lol. That and the risk of it being stolen would have me worried. You may be able to get by with a smaller quiet ASIC as you said, but probably not any big open air GPU rigs.
Agozyen
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March 25, 2018, 02:56:57 AM
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have been purchasing crypto for a while so I have a decent idea on how it works. I am currently somewhere for work for the next few months. I wanna mine BTC or LTC, maybe just about anything. I don’t care about electricity because I don’t pay the bills here. Was looking g at some ASIC miners like antminer L3 but now am reading they don’t return your investment. Is there a miner I can buy, almost set up for me.... that gives a good roi. I just don’t want something too loud because I’m in a hotel.... but the heck with electric bills. I was looking at a gridseed too.... any hep for a beginner would be appreciated!

Maybe instead of looking at mining coins you can look into staking coins.  You download a wallet, transfer some coins in and they start creating new coins over time.  This is a way to get into coin creation without having to buy any hardware.

Right now, RAIN, XPTX and MONK all have good returns. 
pickleburglar
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March 25, 2018, 03:05:00 AM
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Right now is when people with average electricity cost start turning their rigs off, not a great time to start.

Also if you consume a lot of electricity - like with mining and don't  pay for it, that's called stealing.
edwardceng
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March 25, 2018, 08:15:52 AM
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I just don’t want something too loud because I’m in a hotel....
impossible the hardware(ASIC or Rig ) used mining not loud or silent because of usually installed a fan to reduce heat except would using USB Redfury ASIC but for mining using USB can't worth it.

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