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Author Topic: If you get free electricity and can afford a miner...  (Read 1560 times)
LFC_Bitcoin
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February 05, 2016, 05:22:50 PM
 #21

I was very lucky. I have free electricity due to having disability supports in place so I can live much like society, only with lower income ATM.

Luckily, out of that, I get free electricity and can run an Antminer S3, so far. I managed, by the skin of my teeth, so to speak, to afford the damn

Antminer S3.

If you are lucky to raise 250 USD or your fiat to get at least an Antminer S3, try and get one and mine ALTCOINS and learn about trading, if you

didn't already. Hey, free electricity in a given case, be it college, paid for by gov agency or whatever, take the opportunity. I had to scrape up the 260

for the miner.

Check the algorithm of your miner; mine is SHA-256, and find a good coin with a passable value per coin. Example; 1.00000000 someoddcoin is

BTC 0.00000250 at least, or if you can, use the smaller values to mine and save for a time. Cash it in when you see a spike of the coin in YoBit, or

other like currency exchanges. You want to see the trade price bar up and NOT down. When it rises, then sell if it reaches your satisfaction.

Save some to get Antminer S4 or higher if you wish with trading and free electricity.


Don't use Cryptsy for now, as there has been some crap happening and everything needs sorting.

I'd definitely try & mine if I was able to get free electricity. Unfortunately I didn't get into bitcoin until 2014 so I'm just a HODLER.

I wish you good luck with your venture though.

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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February 05, 2016, 05:29:52 PM
 #22



I'd definitely try & mine if I was able to get free electricity. Unfortunately I didn't get into bitcoin until 2014 so I'm just a HODLER.

I wish you good luck with your venture though.

I wasn't into BTC until later, as I lost the privkey and so forth of some other wallet YEARS ago, as an unbeliever. Now, with FREE electricity and a miner, it just helps me

so much to be able to do this. I couldn't be more pleased that I dove and bought thee miner. It was expensive, but it was what I could find with what was around. Now

I can catch up where ever I can. Found a good coin at the moment that I am going to milk for a while.

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