Long time reader, first time poster

[Wethenorth]

Hi,
I got interested in cryptocurrencies and block chain about a year ago and my excitement has increased with the increasing uses and general adoption. I decided a month ago to attempt some mining as a test and have just received my first Antminer and an Ethereum rig (6 gpu unit). I also have a Litecoin miner on order and am hoping to see what it can do.

Its a lot to take in, what with deciding on hardware, what to mine, which trading sites, what wallet, which exchange, whose mining pool, etc. I am taking things slow, testing the waters and attempting to understand such a large and exciting world.

Im sure everyone has their opinion and I enjoy seeing the diversity of opinion. I think blockchain tech has implications for a lot of what is centralized in the world today. Looking forward to plugging in and observing what happens.

I'd like to scale if things work out. Being a part of making decentralization more mainstream would be great (you can likely sense my libertarian leanings). I'm also from an area that benefits from a positive delta between US and our local currency. And cheap hydroelectric power rates...

Any helpful pointers are appreciated. I'm no ones fool but differing perspectives are good to help guide the way forward.

Glad to be a part of things and looking forward to being part of the conversation.

[1714029664]

1714029664

[vh]

Sounds like quite a step into the cryptocurrencies arena.

Since you have some miners on hand, head on over to the mining section
https://bitcointalk.org/index.php?board=14.0
And start interacting with the pool owners and community.

Keep in mind it's a bitcoin section, take extra time making decisions, and be mindful of scammers.   

[Wethenorth]

Thanks VH. I will check out that thread and see if I can find a way forward. What are the best discussions about how to identify and avoid scams?

[vh]

For that, head over to the Marketplace (read-only) / Trading Discussion section.   There are posts pin at the top of those sections/sub-sections with good informations and tips regarding scams and scammers.    As well as documented scam activity and interaction logs of how it played out.

[victory1]

Mining is not advisable, even with cheap power sources.
China miners have access to cheap mining hardware's (volume) and cheap manpower.

[aeternus]

Mining is not advisable, even with cheap power sources.
China miners have access to cheap mining hardware's (volume) and cheap manpower.

Mining is not very profitable in bitcoin, but if you mine other crypto currencies you can find that the difficulty is not as high and there is still the chance of making some money there.

[YassinBTC]

Just Joined the forum