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Author Topic: I want to start mining bitcoin,please help  (Read 5568 times)
flower1024
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September 08, 2017, 03:26:02 PM
 #41

In these days, mining bitcoin needs alot of money to invest to but appropriat matetial. Hashing rates are to high and it's too hard to mine BTC or other cryptocurrency unless you use hardwares with high performance witch are so expencive.
If you are willing to buy such hardware, you have to find the  best combination between price, hashrate and electricity needed to run your rigs.
Mining alt coins are ok we can manage, but mining Bitcoins is tough I am not sure how many months it will take to mine 1 bitcoin. I also thought this but it is expensive for the individual I can't bear that money, so I quit. And bought few GPU and started altcoin mining. According to my recent experience Investing is best to compare Mining.
Bobsrepair
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September 08, 2017, 05:18:00 PM
 #42

I wouldn't recommend mining bitcoins. It is extremely difficult to be profitable. I would mine ALT coins. Also, look into your electricity prices before you start your project. I am from Nevada and our electricity is relatively cheap compared to other states.

p.s Don't do cloud mining to many scams.

CryptoAdd
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September 08, 2017, 09:02:48 PM
 #43

I want to start mining too what should i Do ?
NotFuzzyWarm
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September 08, 2017, 11:15:58 PM
 #44

I want to start mining too what should i Do ?
First read the top sticky posted in this section Bitcoin Mining 101

It applies to mining both Bitcoin and the various altcoins. On that note Bitcoin is a SPECIFIC COIN and not a general term for all crypto coins! Those others fall under the general family of altcoins. The Forum section for altcoins is here.

2nd is decide what you want to mine: Bitcoin or an altcoin.

If a coin strikes your fancy and:
  IF you have enough - and inexpensive - power available
and
  IF you have a place to put the miners where their massive heat and noise are not a problem, then go for it.

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome! 1FuzzyWc2J8TMqeUQZ8yjE43Rwr7K3cxs9
 -Sole remaining active developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
posternat
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September 09, 2017, 07:45:44 AM
 #45

Cloud mining is designed to overcome that by providing a higher return to the cloud owner and not to the client and mining in an individual space is going to be the same. The closest that you could get is with free power and that is not going to work for long.
JohnBitCo
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September 09, 2017, 07:47:06 AM
 #46

There is no way that you can start mining Bitcoins and make a profit. Whatever method that you use is going to cost more than the resulting return. Electricity cost is much more than the output, thats why only minning farms are only good option for minning.
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September 09, 2017, 06:34:28 PM
 #47

First you'll need to acquire Custom Bitcoin ASIC chips which greater performance compared to older systems which will help you to dominate the Bitcoin mining industry. It will be very expensive as they say fortunes favors the brave.  Grin

valucash
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September 09, 2017, 07:21:19 PM
 #48

The way to go will be to look for an altcoin to mine, it is no longer profitable for an individual  to mine bitcoin. Sorry!
expertofexperts
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September 10, 2017, 04:28:18 AM
 #49

Most people says its not profitable anymore but still i have seen many entering in this business now and getting good outcome. I have heard about genesis mining,. sorry havent tried but one my friends is using it..
raymart0720
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September 10, 2017, 05:10:41 AM
 #50

ant miner or asic..
you will download a specific software that is joined in a particular pool where you and others will solve the problem..
beware of other phishing and scams there are lot of them now.
another is you need to consider the electricity consumption although the specific hardware to mine BTC is low power hunger by time you will see.
WatchMaker
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September 10, 2017, 11:01:51 AM
 #51

I want to start bitcoin mining and need help from experienced miners.Which miner is most profitable now?? Where should I start?? Thanks in advance...

The best place to start bitcoin mining for a beginner is Genesis mining.
The most profitable minings are Bitcoin and Dash, currently on Genesis mining.
For tutorial on how to start mining instantly, Go to "Genesis mining" YouTube channel you can find everything you need to get you started.

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ramyon
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September 10, 2017, 02:41:06 PM
 #52

For those of you who do not understand about mining system in bitcoin where the hell is the way here is going to guide for bitcoin mining and what should be in need?
Adioliver
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September 10, 2017, 05:21:27 PM
 #53

To start bitcoin mining make sure that u get cheap electricity or else u will be in loss.
Try an antiminer or GPU's for bitcoin mining
JCNC
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September 10, 2017, 07:08:01 PM
 #54

Man,forget about it, it is not profitable to mine bitcoin unles you have enough plutonium at your own AES. Try to mine cheap altcoins like Renos.
AngelSky
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September 11, 2017, 11:20:24 PM
 #55

Man,forget about it, it is not profitable to mine bitcoin unles you have enough plutonium at your own AES. Try to mine cheap altcoins like Renos.

Ya for being a starter in mining ,you may mine low value altcoin such as Reno's,ETH,local coins.At first if you loss this coins means Their will not be such different. Which I am saying is the loss will be comparatively very.Once you cleared with Mining concept and technology means,you may start to do mine Bitcoin. Use Solar Mining it's the best one as of my knowledge.
NotFuzzyWarm
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September 11, 2017, 11:37:45 PM
 #56

And once seriously considering mining of any sort to actually MAKE money, 1st read Bitcoin Mining 101 Post #1 applies to ANY mining operation be it BTC or (aside from the GPU bit) alts.

If you can cover those 5 points given then MINE ON!
If they are a problem - seriously rethink your plan...

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome! 1FuzzyWc2J8TMqeUQZ8yjE43Rwr7K3cxs9
 -Sole remaining active developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
Philopolymath
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September 12, 2017, 01:33:52 AM
 #57

Ok no more help until he promises to do more reading on his own......

Support Alien Beer Circle research...www.youtube.com/watch?v=MRXDk2RMQ4A
keycellko
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September 12, 2017, 01:34:05 AM
 #58

I also wanted to start mining. I have a friend who's been into mining and i asked her all about it and she just told me "its complicated". She said we need to understand bitcoin deeply if we want to go start mining. So i decided to park that thought and maybe someday i'll understand how it works.
Aleister Crowley
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September 12, 2017, 02:41:52 AM
 #59

it will not be profitable today if you start mining alone, there you will find a lot of problems and just waste time when you start mining with the methods that apply, because there you will only lose a lot of money and will not get any results ..
DimaPechka
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September 13, 2017, 02:28:22 PM
 #60

It is much more profitable to mine not bitcoin but altcoins like Etherium
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