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Author Topic: New to bitcoin mining  (Read 357 times)
InspironXP (OP)
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August 02, 2021, 02:36:16 PM
 #1

Hello,

I have an unused 220v 20amp circuit in a data center. It was bundled with other services so it's basically free power.
What's the easiest way to get up and running mining bitcoin.

Thank you.
NotFuzzyWarm
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August 02, 2021, 02:42:46 PM
Last edit: August 02, 2021, 08:41:53 PM by NotFuzzyWarm
 #2

Get a BTC wallet, either using an online web wallet or a hardware wallet like either one from Trezor or Leger.
Use it to create a receiving address.
Buy an ASIC-based miner, plug it in and point it at a pool setup to use your receiving address...
Mine.

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kano
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August 02, 2021, 02:43:09 PM
 #3

220V 20A is ... 4400W
So if it's a new miner, that's just one miner.
Or 2 older 2kW miners.

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InspironXP (OP)
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August 02, 2021, 06:37:07 PM
 #4

Sounds too simple  Smiley
OK I'll give it a shot.

Thanks!
suboo112123
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August 26, 2021, 10:30:37 PM
 #5

What are the basic requirements for BTC mining?
BitMaxz
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August 26, 2021, 10:40:09 PM
 #6

What are the basic requirements for BTC mining?

If you talk about basic requirements it's very simple you need a 220v and ASIC miner and setup them to point on the pool.
The normal house outlet amp is around 15amp you can run only one miner per outlet.

I would suggest you read this thread below.

- First time/Small miner reference for getting started.

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Saif33
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August 28, 2021, 12:20:15 PM
 #7

I think not everyone can do bitcoin mining. There are some countries in the world where bitcoin can be mined and those who want to do bitcoin mining in new conditions have to work hard because bitcoin is still illegal in some countries.  Bitcoin mining is not possible in new countries, so I think it is legal in countries where you can do it.  Otherwise he will face a big loss
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August 30, 2021, 02:35:11 PM
 #8

Resources on the internet will help you 50%, in the process of mining Bitcoin/crypto, there are things you should learn before going any further and doing it.

For that this source: Beginner´s guide to mining Bitcoins: How to mine Bitcoin step by step, can help you to do.

About the power or electrical energy needed and spent you can see here: Bitcoin Miner Power Consumption: How Much Energy Do Bitcoin Miners Consume?

R


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October 06, 2021, 01:31:44 PM
 #9

to start mining bitcoin you must have a personal bitcoin wallet with a tight lock, so as not to be stolen by others, then you must have special software and hardware to mine bitcoin. It is necessary to be able to know what kind of hardware you need.

Some of the devices that are quite well known are the Antminer S19 Pro and M30 S++. You can buy these devices through the manufacturer directly or buy them at several e-commerce sites such as eBay and Amazon.

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October 10, 2021, 07:03:48 PM
Last edit: June 12, 2023, 08:40:54 PM by stompix
Merited by BitMaxz (1)
 #10

Do you have knowlwdge about asicway.com and their mining machines. Is it scam or genuine products?

It's an obvious scam, stay away from it

Quote
Bitcoin 380 TH/s
Litecoin 40 GH/s
Ethereum 2.5 GH/s
Monero 3 MH/s
Power consumption 650W

It would mean it's 24 times more efficient than the best miner on the market right now, tiwce as cheap and on top of that it somehow manages to mine 4 different coins with different algorithms at the same time.

Oh, and their top asic is just a modified image from a rack:









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