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Author Topic: I am new to mining. Please guide me  (Read 1354 times)
colorsoflife29
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July 04, 2016, 07:08:27 PM
 #21

Thank you so much guys. I have now made my mind to stay away from mining as much as possible as all it gives me are the chills that it doesn't worth it. I better just get a multibit or a good wallet and get payments from people and figure out a way on how to transfer those to my payoneer card so i can get them out in dollars on the atm. Hate mining now. End of the story.

Thanks again for making up my mind
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knightkon
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July 04, 2016, 08:14:13 PM
 #22

I think you have made a very wise decision when it comes to staying away from mining.  We have investors who are willing to dump $50k USD into mining and we will not touch it with a 50' pole.  There is to much competition and with these mining farms out there it is like throwing money into the wind.  Good luck with what you do.
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August 03, 2016, 02:49:20 PM
 #23

If your new to bitcoin mining then dont bother getting too involved, youve missed the boat on it unless you have thousands to spend on hardware and next to free electricity. If you plan on mining alt coins then your going to need at least 1 decent gpu but preferably several to make a return in investment. Basically bitcoin mining is out the window for you.

I am new in the world of mining but i knew a little about btc and i had also that normal laptop computer cant be use in mining?

It can be used, but it's not profitable these days.

Really? Even at the moment when the price o btc is coming down.

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August 03, 2016, 04:29:52 PM
 #24

i am also new , hope i will learn about it from here

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Poopp_Doggg
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August 03, 2016, 08:53:16 PM
 #25

Making any significant money with mining is a pipe dream. It's not 2010 anymore. There are much better ways to make real money with btc. PM for details if interested.
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August 10, 2016, 11:29:17 PM
 #26

If your new to bitcoin mining then dont bother getting too involved, youve missed the boat on it unless you have thousands to spend on hardware and next to free electricity. If you plan on mining alt coins then your going to need at least 1 decent gpu but preferably several to make a return in investment. Basically bitcoin mining is out the window for you.

I am new in the world of mining but i knew a little about btc and i had also that normal laptop computer cant be use in mining?

It can be used, but it's not profitable these days.

I think it is better if he just mined with whatever computer he has just to learn how it is done and so he ca start some transactions going with the minig pool and learn about withdraws and deposits maybe put some btc into a game or investment game or faucet.
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August 11, 2016, 02:12:42 AM
 #27

You must have a proper hardware and internet connection to mine some bitcoins. The first thing you should.check is the electricity. Is it affordable or cheap. If the electricity in your area is cheap, you can earn a profit. But if the electricity is not cheap or high cost, you can still earn but its too small. So think about it.
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August 13, 2016, 08:21:59 AM
 #28

Thank you so much guys. I have now made my mind to stay away from mining as much as possible as all it gives me are the chills that it doesn't worth it. I better just get a multibit or a good wallet and get payments from people and figure out a way on how to transfer those to my payoneer card so i can get them out in dollars on the atm. Hate mining now. End of the story.

Thanks again for making up my mind


You don't have to hate mining, you can still make some profit mining ETC - ethereum classic ( a new altcoin) with only your desktop.
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