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Author Topic: Is community mining a good idea for newbies?  (Read 398 times)
Devnant (OP)
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May 28, 2013, 05:04:28 PM
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Hi, I´m really, really new at this, but I got the idea mining requires new and expensive hardware as bitcoin difficulty ramps up. I´ve also been studying those 50/60 Ghashes/sec ASIC miners, and they aren´t for sell anywhere (some place even unavailable for pre orders).

Where I live, there´s also 100% import taxes fees, which makes the cost of importing ASIC miners for more than $20000 prohibitive, and given the nature of the bitcoin mining process, looks quite risky to spend about $40000 in investments that may become obsolete in the future.

So, to a guy like me, paying shares to join community mining projects would be the best way, or are there better alternatives to profit with mining?

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Birdy
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May 28, 2013, 05:12:17 PM
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One possible option is to buy shares on sites like https://btct.co/ or Bitfunder.
Devnant (OP)
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May 28, 2013, 06:27:09 PM
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One possible option is to buy shares on sites like https://btct.co/ or Bitfunder.


Thanks!

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May 28, 2013, 06:30:06 PM
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you could always just buy a preorder.
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