thoughtfan
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December 11, 2012, 12:43:14 AM |
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Hiya Folks!
Just need to know how to use it now and how to mine coins.
Don't bother. It's a specialized occupation that requires much geekiness to become profitable. You're much better off offering some service to the community in exchange for bitcoins. Most people are the same. I have personally never mined anything. Just to offer an alternative view on mining: Now might be a good time to take your time reading up about it - there's heaps here - and decide whether you might want to dabble in the longer term. One thing I like about the ASIC future (should it actually materialise) is it should require less technical know-how than making home-made rigs with graphics cards (check out some of the youtube vids on mining gear) which is what was required before. If there is one thing I would recommend taking away from your first considerations of mining is that the chances of making great money are pretty low and there's a fair chance of not covering the cost of your initial purchase (and electricity to power it) if you buy at the wrong time. Another thing I like about the ASIC future is there is very little difference in 'hashing power' per pound spent whether you're spending $1,000 or $20,000. The bigger difference between profit and loss (other than timing of purchase) is the price you pay for power. Putting aside maintenance overheads it's pretty much a level playing field so although the odds of you making money from whatever you're spending may not be very high they're about the same as those spending the big bucks at the same time as you. The way I'm looking at it is if you fancy the idea of playing a part the mining network upon which the Bitcoin network, its future and all its users are dependent and accept you may not see the money you spent for some time if at all then why not? It might just be worth holding your horses until things have settled down after the forthcoming introduction of ASICs. Definitely don't be tempted to do calcs based on today's difficulty figures. Nobody really knows where that's going to settle if and when ASICs in quantities are introduced. I'll second MoonShadow's suggestion of finding ways of offering services for Bitcoin because regardless of contributions to the robustness of the network through mining unless enough people are providing services for which people can pay Bitcoin ultimately it has no future. Best, Tf
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hplus
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December 11, 2012, 02:29:07 AM |
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well with the bitcoin value going up these last weeks, it's getting a bit more interesting to mine though the more value it has, the more people will start mining and the (really small) profit won't go up imo ^^
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shiunsai
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December 11, 2012, 03:46:23 AM |
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hi! my name is shiunsai, i cant believe how late i am on bitcoins! ive been a comp geek all my life but also have (well, in about a week) my degree in finance so I am interested in bitcoins. I have started to mine LTC and BTC on my gaming computer, but a week of mining and I've got the equivalent to .02 BTC.....very depressing, but am eager to work harder. Support my Inspiration here =) =) =) 1JqSXZRnWRotwkvCov9m6FyZTAEV3Fw4kP thanks for welcoming me bitcointalk, what a big community.
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lduck
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December 11, 2012, 02:28:59 PM |
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hi! my name is shiunsai, i cant believe how late i am on bitcoins! ive been a comp geek all my life but also have (well, in about a week) my degree in finance so I am interested in bitcoins. I have started to mine LTC and BTC on my gaming computer, but a week of mining and I've got the equivalent to .02 BTC.....very depressing, but am eager to work harder. Support my Inspiration here =) =) =) 1JqSXZRnWRotwkvCov9m6FyZTAEV3Fw4kP thanks for welcoming me bitcointalk, what a big community.
you can be happy even for that 0.02BTC. mined block value just dropped from 50 to 25 some time ago. and in few week you can expect almost nothing becaue of ASIC.
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BTCoinWeb
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December 11, 2012, 02:47:24 PM |
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hello folks another bitcoin newb here
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jbis1
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December 11, 2012, 04:10:24 PM |
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Hello, college student here.
Not new to bitcoin or bitcointalk, but new to having a bitcointalk account!
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soldier24
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December 11, 2012, 04:32:29 PM |
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Hi, I`m Soldier24. I'm mining since yesterday, and I have plans to existing mining software (eg GUIminer) portable, so you can use it on a usb.
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Lateralis
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December 11, 2012, 05:07:04 PM |
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'sup?
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SuperBoy
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December 11, 2012, 05:20:48 PM |
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Hey,
Obviously I am a newbie.
I am quite new to all this but hope to increase my knowledge on the subject = )
What more can I say?
Cheers
-Karl
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floler
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December 11, 2012, 07:32:09 PM |
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Hey there! Iam proud to be on this forum by the way, iam developer --floler
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Moshi
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December 11, 2012, 08:37:43 PM |
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Grettings, all; I arrived on the Bitcoin scene about a year ago after garnering interest in GPGPU applications. Since then, I've been pretty regularly mining and learning about the system, but I think I should really get involved now for my own education and whatever benefit I can bring to the Bitcoin economy. I'm willing say that I'm pretty well versed in the system at this point, but I've still quite a ways to go before I can help with development. Cheers
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jcortez1594
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December 11, 2012, 09:19:06 PM |
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Hi I got into bitcoin around May this year and have been gpu mining. I eagerly anticipate the arrival of my Jalapeno ASIC and the advancement of the bitcoin.
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Code_red
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December 11, 2012, 09:34:12 PM |
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I am a free state project signer
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drpete
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December 11, 2012, 09:43:51 PM |
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Hi Guys,
new to to the area. Just curious when and what is needed to get messaging privelages.
Thanks
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bebitoo
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December 11, 2012, 11:17:27 PM |
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Hi! Another bitcoin user .
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Giftsforcoins
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December 11, 2012, 11:44:49 PM |
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Since I'm stuck here for a bit I'll post here. Just updated all my pricing on my website offering giftcards for bitcoins. Check it out and let me know what you guys thing. www.giftsforcoins.comShipping and tax is all included in what you see so the price you see if the price you pay! All shipments are sent within 24 hours as well so you get your purchase quick! Shipping is currently limited to only the US as I don't have giftcards that I think can be used overseas. I'm really looking for feedback though so message me or quote me here!
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Beeenz
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December 12, 2012, 01:01:35 AM |
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Hi everyone, I have been reading about bitcoins and am pretty excited to join the forum and start learning more about mining and trading!
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thornist
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December 12, 2012, 01:27:09 AM |
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Hi, I'm excited to learn about this community and about bitcoin. I'm a long-time dev and net user, so hopefully I'll get up to speed quickly.
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greyscale
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December 12, 2012, 02:12:47 AM |
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Hi, I'm a student who is looking to get into mining, and learn as much as i can from this place
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TheKingDoof
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December 12, 2012, 02:19:28 AM |
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Still learning about some things bitcoin. Hope I can contribute somethings
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