Mining Newbie

[floki86]

Hi guys i am new to bitcoin mining. Although i have been doing lots of research on mining. But something is still not clear to me. I wish to join a pool. and my question is this. Do i need to get  mining hardware other than my PC to join a mining pool? Also i want to mine for profit and my electricity is 24c/kWH. would like to know how profitable this can be. Thank you guys

[1714928154]

1714928154

[1714928154]

1714928154

[1714928154]

1714928154

[1714928154]

1714928154

[Roquene]

24c/kwh? sorry, no chance.

At least not with a normal GPU.

You can check profitability here: http://whattomine.com/ or here: http://www.coinwarz.com/cryptocurrency

[paffie]

Hi guys i am new to bitcoin mining. Although i have been doing lots of research on mining. But something is still not clear to me. I wish to join a pool. and my question is this. Do i need to get  mining hardware other than my PC to join a mining pool? Also i want to mine for profit and my electricity is 24c/kWH. would like to know how profitable this can be. Thank you guys

I currently pay around 17 cents/Kwu, and there is no way of mining profitably for me, so i don't see any option to mine BTC when you pay 7 cents/Kwu more than i do...

When talking about BTC (you're in the BTC mining subforum):
- CPU mining has been obsolete for years
- GPU mining has been obsolete for years
- ASIC mining using older ASIC's has been obsolete for months

The only thing that can actually make you any profit, is paying under 7-8 cents/Kwu, using an antminer S7, S9 or avalon 6 (or the new avalon miner whose name i cannot remember) while paying very little for this miner, transport, taxes, psu's, controllers, cables, shelves,...