HI All

[dothebeats]

This is exciting and reminds me of the sleepless nights when I first started learning about mining. I am sure we all remember lol. Awesome, have fun, and welcome to the forum. Don't worry about ROI with free electricity. You will surly achieve ROI and then its all profits. Do realize your mining equipment will gobble electricity so, careful not to wear out your welcome on however you are getting the free electricity.

Yes haha I remember digging my way into mining when I first configured my laptop to mine. Hope you have fun with mining and don't worry about it that much, given that you state that you have free electricity and you are mining just for fun. Welcome to the forums, mate!

[thebonenz]

Thanks for the encouragement all!

I think I'm ready for my S4 when it arrives.

Are my step by step thoughts right?:
1 - back up sd card of s4
2 - Update firmware of s4 from bitmain
3 - Change to latest CGminer version
4 - Get on to a few pools to start mining! - Planning to start on Kano's pool (what other's should I get on or look at?)
5 - I want a GUI since I'm a noob so like the look of Minera! Thoughts?

And then I think that's the basics!?!?

I might use this thread as a blog to document my journey and post pics of progress etc!

Also, keep up your post quality. With good post quality, you can expect to earn some extra income from signature campaign.

What's a signature campaign?

[Small]

Also, keep up your post quality. With good post quality, you can expect to earn some extra income from signature campaign.

What's a signature campaign?

Signature campaign is basically a program which advertisers pays you for your constructive posts on this forum with their signature. This is an effective advertisment as it gains lots of exposure. There is an overview here.

[thebonenz]

Also, keep up your post quality. With good post quality, you can expect to earn some extra income from signature campaign.

What's a signature campaign?

Signature campaign is basically a program which advertisers pays you for your constructive posts on this forum with their signature. This is an effective advertisment as it gains lots of exposure. There is an overview here.

Cheers!

[Amph]

Hi and welcome to the forum! Glad to see someone with such an interesting story coming to this forum to learn about new trends of the world In my opinion, unless you have unlimited or free power, you shouldn't mine bitcoin. Bitcoin now is the big guys' game though you have free electricity. There are still a lot of coin out there which use the same algo to bitcoin for you to try You can find more and more coins at the alternate currencies forum! Good luck on your journey!

Are alt coins worth the time? I thought we were struggling to get BTC mainstream?

no they are worth even less than bitcoin nowadays, they were worth a tons in the past, in the mania altcoin era, started with doge and up to end of 2014

but right now you can probably find 1 good every 1k dead coin, and their profit is not greater than bitcoin...

[thebonenz]

Hi and welcome to the forum! Glad to see someone with such an interesting story coming to this forum to learn about new trends of the world In my opinion, unless you have unlimited or free power, you shouldn't mine bitcoin. Bitcoin now is the big guys' game though you have free electricity. There are still a lot of coin out there which use the same algo to bitcoin for you to try You can find more and more coins at the alternate currencies forum! Good luck on your journey!

Are alt coins worth the time? I thought we were struggling to get BTC mainstream?

no they are worth even less than bitcoin nowadays, they were worth a tons in the past, in the mania altcoin era, started with doge and up to end of 2014

but right now you can probably find 1 good every 1k dead coin, and their profit is not greater than bitcoin...

Do any altcoins have the potential to become more valuable? Like will DNMs move to another coin in the future or something like that?

[Amph]

Hi and welcome to the forum! Glad to see someone with such an interesting story coming to this forum to learn about new trends of the world In my opinion, unless you have unlimited or free power, you shouldn't mine bitcoin. Bitcoin now is the big guys' game though you have free electricity. There are still a lot of coin out there which use the same algo to bitcoin for you to try You can find more and more coins at the alternate currencies forum! Good luck on your journey!

Are alt coins worth the time? I thought we were struggling to get BTC mainstream?

no they are worth even less than bitcoin nowadays, they were worth a tons in the past, in the mania altcoin era, started with doge and up to end of 2014

but right now you can probably find 1 good every 1k dead coin, and their profit is not greater than bitcoin...

Do any altcoins have the potential to become more valuable? Like will DNMs move to another coin in the future or something like that?

monero is the only valuable one for now, because it has something that is worth using, the other are clone of it or clone of bitcoin

i also like something like huntercoin, which offer gaming experience, but it seems that they are not attracting many new users

[thebonenz]

Alright she's arrived!

http://imgur.com/a/AUJ3F

And I'm already hitting walls! lol time to figure shit out. Will update when I have it hashing!

It's seriously too loud for the living room though...

Aaaaaand I just realised I need another program to access by SSH...

[thebonenz]

Alright we are hashing!

[BitToMuch]

Alright we are hashing!

http://imgur.com/rvKGx5z

Pretty cool mate I will get some minning stuff i guess!

[zodiac3011]

Alright we are hashing!

Wow 3TH, that's really good hash you got there mate. Keep mining! I know you are a hobbyist miner but try calculating whether you are making profit

[CryptoCanary]

Alright we are hashing!

Congrats!

[thebonenz]

Alright we are hashing!

Wow 3TH, that's really good hash you got there mate. Keep mining! I know you are a hobbyist miner but try calculating whether you are making profit

It had only been up a few minutes so I'm actually running at 2TH.

Where is a basic calculator?

[CryptoCanary]

BitcoinWisdom is a good site for market stats and difficulty charts. Here is a link to their calculator:
https://bitcoinwisdom.com/bitcoin/calculator

Or just google "bitcoin mining profitability calculator" if you don't like the answer that one gives you.

[thebonenz]

BitcoinWisdom is a good site for market stats and difficulty charts. Here is a link to their calculator:
https://bitcoinwisdom.com/bitcoin/calculator

Or just google "bitcoin mining profitability calculator" if you don't like the answer that one gives you.

Shit this is telling me that I've only got two weeks until difficulty makes me lose money?

[notlist3d]

BitcoinWisdom is a good site for market stats and difficulty charts. Here is a link to their calculator:
https://bitcoinwisdom.com/bitcoin/calculator

Or just google "bitcoin mining profitability calculator" if you don't like the answer that one gives you.

Shit this is telling me that I've only got two weeks until difficulty makes me lose money?

I thought in first post it said "free" power?  Is it free or what is price of electricity?

We just need to know more to be able to anwser the question.

[thebonenz]

Ahh no it's free so I think I left it 0 or blank maybe that's the problem.

[thebonenz]

Alright I've been up on Slush's Pool for a few days now and it's going slow! But it's going!

I think everyone has been having trouble recently?

[Amph]

Alright I've been up on Slush's Pool for a few days now and it's going slow! But it's going!

I think everyone has been having trouble recently?

i would remain with CK pool, you can also try your luck there with solo mining, i don't remember if there only this option or it work also like a standard pool

[CryptoCanary]

Welcome to the board. I am new too and I hope to learn everything about Bitcoin, the tech and possiblities it offer.

Welcome Yggr. Are you mining as well?