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blitzcrank
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July 26, 2014, 09:40:51 PM
 #21

I nee
hello guys, I am newbie  Shocked

well my question is how do I generate BitCoins ?
do I need to buy some sort of Hardware ? or software.
What kind of Hardware I need to buy and what else required with that hardware.

If you are looking for some fun, you can buy a USB miner (cheap, not much heat and noise, easy to set up), but if you are looking for profit, you should do some research and check with a mining profit calculator.

Great advice, its better to see how to setup w. a low cost usb miner as if you were going to buy bigger hashes in the future.

Since its basically the same thing, outside from performance.

Also there are factors that the mining calculator doesnt factor is daily/weekly increase etc.
Soappa
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July 27, 2014, 04:01:33 PM
 #22

Also there are factors that the mining calculator doesnt factor is daily/weekly increase etc.

Are you talking about the bitcoin price or difficutly?
For difficulty, there are calculators that handle difficulty change correctly (you can set the % change every period of 2016 blocks).
For price, IMHO, you should compare buying bitcoin miner and buying bitcoin directly, and so the bitcoin price shouldn't really be considered...

kingama
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July 27, 2014, 05:57:44 PM
 #23

Just wanted to agree with everyone else that mining is high risk, low reward. Work harder in real life and buy the coins that way. It's the best way to but feel free to do the math yourself. Just realize bitcoins aren't created out of thin air and are not "easy money". If there is a unique opportunity it's not in mining, it's in buying and holding for 12-24 months or longer.
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