bitcoins

[woolybit]

New here,new too bitcoins,although i have done my research!


whats the best way too get hold of some bitcoins,buy? mine?


i can only cpu mine as my laptop is prety old...



any tips would be apriciated
 Thanks!

[John (John K.)]

CPU mine? BUY!
Mining for bitcoins isn't worth it unless you have an ASIC or power-sipping FPGA.

[woolybit]

coool! thats what i thought,cpu is prety slow from what i have heard?

what would it cost to set up a mining set up that ure talking about?and is it profitible?

[John (John K.)]

coool! thats what i thought,cpu is prety slow from what i have heard?

what would it cost to set up a mining set up that ure talking about?and is it profitible?

It's not pretty slow - it's practically not feasible. Mining a month 24/7 using the CPU might net you a couple of pennies, or next to nothing. On the FPGA and ASIC topic, please do a search around and read some stuff up. It's not that profitable like what you might think of.

[no name]

if you believe in btc future buy.
If asic fail then gpu mine and buy.

[woolybit]

cool thankyou for your advice will look around,

if i was too buy some bitcoin's i was thinking about investing them with btcjam an becoming a invester

though the intrest rates seem [prety low,

anyone know if btc jam is profitible from a investers point of view?

[sounds]

You should be able to just buy some bitcoins and watch the BTC to USD rate rise, which means in terms of USD you are making money.

[Gabi]

If you want bitcoins, you buy them. Mining isn't exactly profitable these days. And it makes sense, it if is, then more people would start mining! Especially since mining isn't a get rich quick scheme.

[Got BTC]

I'd say if you have cheap or free power, then mine. It will take awhile for you to get a decent amount of coins, but it will come w/ a profit. Fastest way is to buy from an exchange site or an exchanger.