Bitcoin Forum
November 16, 2018, 04:42:18 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: (Help) Bitcoin mining for newbies Thread  (Read 931 times)
Mahirap
Full Member
***
Offline Offline

Activity: 378
Merit: 107


- hello doctor who box


View Profile
August 15, 2017, 05:49:40 PM
 #1

Hello Guys/Gals, I would like to ask some experienced miners here in the forum. with what value of money should I start with mining? and how does mining works ? How to earn Bitcoins/Satoshis with small Hash rate from the system Smiley Thanks in advance for thoes who is going to answer this.

(I'm a BIG Newbie when it becomes to mining)

Cheers Fam!

space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space
1542343338
Hero Member
*
Offline Offline

Posts: 1542343338

View Profile Personal Message (Offline)

Ignore
1542343338
Reply with quote  #2

1542343338
Report to moderator
1542343338
Hero Member
*
Offline Offline

Posts: 1542343338

View Profile Personal Message (Offline)

Ignore
1542343338
Reply with quote  #2

1542343338
Report to moderator
1542343338
Hero Member
*
Offline Offline

Posts: 1542343338

View Profile Personal Message (Offline)

Ignore
1542343338
Reply with quote  #2

1542343338
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
mondobitcoin
Full Member
***
Offline Offline

Activity: 490
Merit: 100


View Profile
August 15, 2017, 06:00:46 PM
 #2

Hi, if you want to start mining with your own pc or laptop: dont lose your time
For start mining you need correct hardware, maybe you can buy a asicminer or antminer (you find it on google), or assemble a pc with correct hardware for mining, and i think for get a real profit you need to invest min. 1000$
SolarSilver
Legendary
*
Offline Offline

Activity: 1113
Merit: 1000


View Profile
August 15, 2017, 06:37:28 PM
 #3

i think for get a real profit you need to invest min. 1000$

Even with free power you will not make a profit if you buy your asic miner at retail prices

You are way better of to just buy and hold btc in a wallet
mondobitcoin
Full Member
***
Offline Offline

Activity: 490
Merit: 100


View Profile
August 15, 2017, 06:57:28 PM
 #4

i think for get a real profit you need to invest min. 1000$

Even with free power you will not make a profit if you buy your asic miner at retail prices

You are way better of to just buy and hold btc in a wallet

Maybe, personally i dont have buyed any asic/antminer , i have only tried to mining some alternative cripto with my cpu Smiley
But buy btc and mining btc are different way, and the user asked for mining
Mahirap
Full Member
***
Offline Offline

Activity: 378
Merit: 107


- hello doctor who box


View Profile
August 15, 2017, 06:59:40 PM
 #5

i think for get a real profit you need to invest min. 1000$

Even with free power you will not make a profit if you buy your asic miner at retail prices

You are way better of to just buy and hold btc in a wallet

Maybe, personally i dont have buyed any asic/antminer , i have only tried to mining some alternative cripto with my cpu Smiley
But buy btc and mining btc are different way, and the user asked for mining
What specific Coin do you mine ? I interested on mining that. does it need alot of hashrate for me to mine that? Thanks alot in advance for your answer Smiley i do appreciate it.

space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space
mondobitcoin
Full Member
***
Offline Offline

Activity: 490
Merit: 100


View Profile
August 16, 2017, 07:05:20 AM
 #6

i think for get a real profit you need to invest min. 1000$

Even with free power you will not make a profit if you buy your asic miner at retail prices

You are way better of to just buy and hold btc in a wallet

Maybe, personally i dont have buyed any asic/antminer , i have only tried to mining some alternative cripto with my cpu Smiley
But buy btc and mining btc are different way, and the user asked for mining
What specific Coin do you mine ? I interested on mining that. does it need alot of hashrate for me to mine that? Thanks alot in advance for your answer Smiley i do appreciate it.

I have tried to mine bytecoin and for mining it you dont need a lot of hashrate, if you want to try you can try to mine it with minergate at your own pc / laptop
Now the price of bytecoin its low, but maybe in the future can grow up
CarlOrff
Sr. Member
****
Offline Offline

Activity: 700
Merit: 439



View Profile
August 16, 2017, 08:36:31 AM
 #7

Hello Guys/Gals, I would like to ask some experienced miners here in the forum. with what value of money should I start with mining? and how does mining works ? How to earn Bitcoins/Satoshis with small Hash rate from the system Smiley Thanks in advance for thoes who is going to answer this.

(I'm a BIG Newbie when it becomes to mining)

Cheers Fam!
The biggest problem for Bitcoin mining is not the start investment, but the cost of your electricity.
You are fighting with all the world and in some places electricity costs are very low.
If you can have a so very low cost electricity provider, then you can start with only one ASIC miner, even an used one ($1000, for example).

Bitcoin + privacy respect = BitcoinZ (topic BitcoinZ)
The only decentralized crypto that complements Bitcoin on privacy.
You missed Bitcoin in 2009 ? Do not miss BitcoinZ in 2018 !
SolarSilver
Legendary
*
Offline Offline

Activity: 1113
Merit: 1000


View Profile
August 16, 2017, 08:58:17 AM
 #8

The biggest problem for Bitcoin mining is not the start investment, but the cost of your electricity.
You are fighting with all the world and in some places electricity costs are very low.
If you can have a so very low cost electricity provider, then you can start with only one ASIC miner, even an used one ($1000, for example).

I think that is no longer true, even if you have free electricity, then you are paying retail prices for your mining equipment (and for many individuals also shipping and VAT) while big farms are buying equipment in bulk (by the container) and as business they can deduct a lot of costs. They get the more efficient hardware far cheaper and earlier than 'small' users, so you can't compete with them.

You used to in past... but not anymore
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!