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Author Topic: Beginner to Altcoin Mining  (Read 586 times)
taskforce81 (OP)
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July 23, 2016, 04:23:16 AM
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Hello all... I'm sure questions like this have been asked many times before, so I apologize in advanced... But anyways, I'm a noob who's recently been researching this crazy world of cryptocurrency... I have no intentions of turning this into anything more than a hobby at this point in time... I am thinking of starting with scrypt based coins with novice (easier) difficulty... I am looking for a scrypt based asic miner to start mining in pools... what type of miner would get me on the map to start with... nothing super fancy or over the top expensive, just something that with get me enough hashes to make some headway in a mining pool and throw a few coins in my wallet... was looking at goldcoin, emeraldcoin, etc.
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Efemen
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July 23, 2016, 08:40:43 AM
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If you want to start mining altcoin. It is better to start with a single graphics card and learn from there.
joblo
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July 23, 2016, 01:44:19 PM
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Hello all... I'm sure questions like this have been asked many times before, so I apologize in advanced... But anyways, I'm a noob who's recently been researching this crazy world of cryptocurrency... I have no intentions of turning this into anything more than a hobby at this point in time... I am thinking of starting with scrypt based coins with novice (easier) difficulty... I am looking for a scrypt based asic miner to start mining in pools... what type of miner would get me on the map to start with... nothing super fancy or over the top expensive, just something that with get me enough hashes to make some headway in a mining pool and throw a few coins in my wallet... was looking at goldcoin, emeraldcoin, etc.

ASIC mining is not a hobby. Start with what you already have. To start all you need is a recent desktop CPU. With a CPU miner
(see my sig) you can mine any of dozens of algos. The performnace is generally poor but it's a good way to learn. If you're a
gamer with a decent GPU it will give better performance and can also mine many different algos. ASIC miners can do only one thing,
mine one algo. Don't waste your money on ASICs until you know what you're doing and you want to get serious about mining.

AKA JayDDee, cpuminer-opt developer. https://github.com/JayDDee/cpuminer-opt
https://bitcointalk.org/index.php?topic=5226770.msg53865575#msg53865575
BTC: 12tdvfF7KmAsihBXQXynT6E6th2c2pByTT,
Greenbat
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July 23, 2016, 04:05:43 PM
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mining altcoin like mining bitcoin use gpu to try, you can upgrade to high machine asic miner/other high machine mining good
zeta1
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July 23, 2016, 09:31:54 PM
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First focus on the specific coin you want.
Efemen
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July 25, 2016, 11:51:39 AM
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Ethereum mining is a good starting point. It is the most popular altcoin and there are many instructions.
zakariya
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July 25, 2016, 12:40:08 PM
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yeah ethereum is booming for this moon and you must try to mining ethereum
first mining altcoin with ethereum, many suggest and step
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