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Author Topic: Recommend a miner hardware for beginner  (Read 1232 times)
coderboo
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April 26, 2014, 09:23:15 PM
 #21

Outside from the other informative posts others mentioned with hardware and cloud mining etc.

To just get familiar with the hardward and setting up a miningpool just buy the cheapest antminer usb you can get.

Its the same way, so when you do decide to dive into a TH`s itd be a similar process.

If his primary goal is to learn about the specifics of the hardware and the processes involved in mining cryptocurrency, then a cheap antminer usb is the way to go. But remember his only additional step beyond configuring his mining software that such hardware needs is literally the act of plugging a USB peripheral in, which leaves me asking 'why bother' to begin with - just learn how to use mining software.

If his primary goal is to make accumulate cryptocurrency, then his absolute best bet is to forget all about mining and the lure of imaginary 'cheap money', head to an exchange, and start buying on the dips.
sailsh-sea
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April 27, 2014, 05:13:46 AM
 #22

I've thought about this a few times.  The easiest lowest risk thing to do, I believe, is mine a CPU friendly coin like Quark coin which you can do on virtually any computer.  Alternatively you could get a USB miner but I'm not sure that increases the ROI really.  Does it?.  Neither of these make you much money but you really don't stand to lose much.  I've also heard about people mining a different coin ever couple of days (which sounds really time consuming), with GPUs.  Supposedly if you do that with a bunch of alt-coins when they come on the market, some of them should in theory produce exponential returns.  You can use coinwarz to maximize your return.  I envy people with powerful mining rigs but instead I have chosen to spend all my money on on a bitcoin atm.  Mining is a very high risk endeavour but I imagine you could always sell the hardware to gamers second hand if it really didn't work out.  I typically live in rental agreements where electricity is included so it's an enticing idea.

http://www.coinwarz.com/cryptocurrency
BitSmacker
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April 27, 2014, 09:01:01 PM
 #23

Buying hardware is not going to make ROI.  Buy and hold BTC, or cloud mine.

Isn't cloud mining as bad as buying hardware?
I keep reading posts and analysis that cloudmining contract are way overpriced.

mining contracts are a scam, plain and simple
Sonny
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April 27, 2014, 11:06:59 PM
 #24

Buying hardware is not going to make ROI.  Buy and hold BTC, or cloud mine.

Isn't cloud mining as bad as buying hardware?
I keep reading posts and analysis that cloudmining contract are way overpriced.

mining contracts are a scam, plain and simple

Are all cloud mining scams? not really
Are you able to make ROI? Unlikely  Grin
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