Hi, I have been reading a lot about bitcoin, and I still have some doubts, but from what I have been reading I know some things:
- Mining is not profitable even on ASICs, (maybe it is if you have lots of them, and cheap or free electricity)
- Depending on the wallet that you choose you can be highly vulnerable to get your money stolen.
- It seems that you need to have some kinda advanced programing knowledge.
- Faucets are a waste of time, you only get dust.
- Buying bitcoins is the only way to get more money by selling them when the price raise.
But I still do not know some things (I dont know how to compile a software, I have a macbook air and a desktop windows pc):
' I dont have too much space on my mac, maybe 40 Gb to spare and 20 gb on desktop
- As I was reading it seems that armory is the most secure wallet, but now is been developed
by goatpig and he doesnt release a dmg file just some files to compile it, and I am a total noob on that, so if someone could help me but in like baby steps ,it would be great.
- I was reading that either on armory or in another wallet, it is highly recommended to create a paper wallet or cold storage wallet, I dont have another pc with offline conection, so it is recommended to use a paper wallet? if I cant get a cold storage wallet, would that be enough, doing something like this, buy bitcoins, and then just keep them on a paper wallet, and if I need them I just transfer all or just a few them later, to another wallet or the same, as I said I dont know too much about this.
I could not find all this info, or at least not so clear for someone like me that doesnt know to much about programing.
Thanks in advance
Mining is not profitable even on ASICs,
i'm not a bitcoin miner,but its really not profitable if i mine use ASICs?
yes i know that bitcoin is doubts for some people,its one of many reason why they dont want take any risk to invest or hold bitcoin,but this is positive for us to encourage they and make sure that bitcoin is better than they thought,not an easy duty to make they sure about bitcoin,but i will not stop to try it.