I merge mine at a pool and am paid BTC and NMC. The NMC I send to
www.vircurex.com and sell for BTC.
What are you using to mine? CPU, GPU, FPGA or an ASIC device? For a really brief explanation of the differences :
http://bitcoinsbs.wordpress.com/2013/02/09/btc-mining-considerations/My eBook on Bitcoin Mining might help a little, see signature.
Expect to do a lot of research about the subject. There is a lot to learn and it has changed a lot in the past year. It has become easier, but more expensive. The reality is while it is expensive if you do it right you can multiply your investment. There are also a lot of ways to flush your money.
Beware of the scams, and do your homework on what ever solution you end up with. No one can tell you what to do. If you want someone to do that then here's what you will here:
- Don't mine there is no way to make money
- Mining its the best way to earn Bitcoins
- Do it for the fun of it
- All the good equipment is already sold
- By the time your equipment arrives it will not earn enough to pay for it
- It cost too much
- If I had just bought BTC, I'd have 50 times more BTC than I do now (This might have been true for me, IF I had held the BTC, which I would not have)
- Buy cex.io, LabRatMining, ProgressiveMining or some other group buy
Here are some good links:
http://thegenesisblock.com/mining/http://bitcoinsbs.wordpress.comhttp://www.weusecoins.com/en/mining-guidehttp://startbitcoin.comWhere ever you start, hopefully you'll end with more Bitcoins.
There are people making money at it, and there are people loosing money at it. Also, miners don't want more people to get involved. Their share is a ration of the hashing power they have as compared to the total network hash rate. The ethical side of me wants to say what I just said, but the greedy side wants everyone to stay out. I say this as I'm waiting on 5 TH of mining equipment this month.
Also, the threshold is the amount which when reached an auto payment will be made. So if it is 0.01 BTC then when your mining efforts reach 0.01 BTC or more BitMinter will send you 0.01 BTC.
