Which hardware have i to buy to start mining?

[nexus 6]

Buy some ASICMINER mining hardware.  Its shipped at the moment.

[simpic]

Buy some ASICMINER mining hardware.  Its shipped at the moment.

Where to buy it?
Do you have a link?

What exactly does it influence the difficulty?

If a buy a BFL miner or any other, if this try will fail with Bitcoin, could i use the same miner for mine minor coins?

[Quantus]

The different level is 15.6 million now, a jump of 28% from the previous one.

And the next jump will be about +33%

What if all the new hashing power is not from ASICs but from chines GPU miners?


edit: majority. What if the majority is from Chines gpu miners coming online for the first time. Whats going to happen if they enter the race with ASIC in the coming months? we could see a jump up to 40 - 80 million

[ThatDGuy]

Buy some ASICMINER mining hardware.  Its shipped at the moment.

Where to buy it?
Do you have a link?

What exactly does it influence the difficulty?

If a buy a BFL miner or any other, if this try will fail with Bitcoin, could i use the same miner for mine minor coins?

Unfortunately it's not quite simple at all to buy an ASIC miner currently.  This should become easier over the next 2-3 months as supplies increase and from more than one company reliably.

If you do want to invest in ASICMINER, my advice is to at least consider the actual stock as opposed to the USB miner.

[nexus 6]

Buy some ASICMINER mining hardware.  Its shipped at the moment.

Where to buy it?
Do you have a link?

What exactly does it influence the difficulty?

If a buy a BFL miner or any other, if this try will fail with Bitcoin, could i use the same miner for mine minor coins?

This is the official thread

https://bitcointalk.org/index.php?topic=204030.0

[miningdude]

With the big jumps in difficulty over the next 3 months (yes, the ASIC's are now real and coming online), I would recommend either an 'in-hand' sale of 13 GH/s block erupter (at the right price) or ordering a kncminer saturn or jupiter (ships in September and based on 28NM chip). Of course, pay with credit card / Paypal for buyer protection as the product itself doesn't exist yet. I've taken a 'risk spreading' approach, exchanging fiat for some bitcoin, building mining rigs which can also mine Litecoin (see http://www.coinminingrigs.com) and pre-ordering from several vendors. So far, the GPU mining and fiat exchanging has been the most profitable at about 30% ROI each on initial investment amount in 3 months time. Hope that helps your decision. And as always, never invest what you can't afford to lose.

[Preschoolv2]

Could always buy a bfl preorder and jump the line.IF you trust the buyer of course.

[chanberg]

could always buy my bfl preorder

Nobody wants your effing preorder. Every post I read your advertising it. Just stop!

[simpic]

I'm talking about buying a real BFL miner, not a pre-order.
I would try to start mining Bitcoin and if it doesn't work i would use the same BFL miner with minor coins, like Litecoin.
Am i wrong?

[Preschoolv2]

I'm talking about buying a real BFL miner, not a pre-order.
I would try to start mining Bitcoin and if it doesn't work i would use the same BFL miner with minor coins, like Litecoin.
Am i wrong?

Yes youre wrong. BFL is only bitcoin / namecoin.

[simpic]

Why it can't be use with other coins?

[ewitte]

Why it can't be use with other coins?

No onboard ram or scrypt support.  It can probably be modified to run anything using SHA256.

[blackarrow]

So... what could i buy to seriously start to mining?

We sell mining devices: https://www.cardreaderfactory.com/shop/bitcoin/mining-devices.html

[simpic]

Why it can't be use with other coins?

No onboard ram or scrypt support.  It can probably be modified to run anything using SHA256.

What is SHA256?

[ThatDGuy]

Why it can't be use with other coins?

No onboard ram or scrypt support.  It can probably be modified to run anything using SHA256.

What is SHA256?

Secure Hash Algorithm.  It's one of the main building blocks of BTC

Worth reading about!

[tony_357]

Hello, sorry for my newbie question but i would like to start mining for Bitcoin.

I make a lot of searches on forum and i figure out this:

- mining with CPU is a loss of time
- mining with GPU is a waste of money (because video card are expensive and they consume to much power)
- mining with Butterflay products is not possible because the site is probably a SCAM and even it isn't it is stupid make a purchase and wait months for receive it!
- mining with Avalan products is not possible (no products available on its site)

So... what could i buy to seriously start to mining?

Thank you in advance for your reply and sorry for my english.

... well, there's always modern 28 nm FPGA technology : http://www.raspberrycoins.com/
2000 MHash/sec - $1000
4000 MHash/sec - $1900
... less than $0.50/MHash/sec ...

[frankenmint]

Why it can't be use with other coins?

No onboard ram or scrypt support.  It can probably be modified to run anything using SHA256.

What is SHA256?

shaking my head...why are you even here?  go do something else like find a job a mcdonalds or flipping burgers.  BFL makes FPGA too- that's what you're looking at...another ROI gamble, not an ASIC.  BFL units in hand that are asic will set you back a couple grand.  Like others here are saying, its smart to buy up some alt currency instead and ride the wave, IE sell @>10% appreciation in value and buy it when the value is lower than 10% of expected value,  I'd say buy at 90 and sell again at 110 if you can stomach the patience. 

[Kinetic915]

What about buying Butterfly miner (800 MHash/s) on eBay?
Their prices are about 1000-1500 USD but in this case i will get it in few days!

I used this calculator http://btcinvest.net/bitcoin-mining-profit-calculator.php and it should be profitable.

What do you think?

you cjould buy 3 usb hashers at 990 mh/s and it would take you 38 days just go get one bitcoin at CURRENT difficulty.

[Kinetic915]

Why it can't be use with other coins?

No onboard ram or scrypt support.  It can probably be modified to run anything using SHA256.

What is SHA256?

shaking my head...why are you even here?  go do something else like find a job a mcdonalds or flipping burgers.  BFL makes FPGA too- that's what you're looking at...another ROI gamble, not an ASIC.  BFL units in hand that are asic will set you back a couple grand.  Like others here are saying, its smart to buy up some alt currency instead and ride the wave, IE sell @>10% appreciation in value and buy it when the value is lower than 10% of expected value,  I'd say buy at 90 and sell again at 110 if you can stomach the patience.  

go do something else like find a job a mcdonalds or flipping burgers.

wow ajw.
what a dick.
 No need to insult his intelligence and the intelligence of those who do those jobs.... hes new, he obviously doesn't know anything about bitcoin but is willing to learn.  

Simpic, please do read up, especially before you consider investing in ANY mining equipment.

[frankenmint]

Why it can't be use with other coins?

No onboard ram or scrypt support.  It can probably be modified to run anything using SHA256.

What is SHA256?

shaking my head...why are you even here?  go do something else like find a job a mcdonalds or flipping burgers.  BFL makes FPGA too- that's what you're looking at...another ROI gamble, not an ASIC.  BFL units in hand that are asic will set you back a couple grand.  Like others here are saying, its smart to buy up some alt currency instead and ride the wave, IE sell @>10% appreciation in value and buy it when the value is lower than 10% of expected value,  I'd say buy at 90 and sell again at 110 if you can stomach the patience. 

go do something else like find a job a mcdonalds or flipping burgers.

wow ajw.
what a dick.
 No need to insult his intelligence and the intelligence of those who do those jobs.... hes new, he obviously doesn't know anything about bitcoin but is willing to learn. 

Simpic, please do read up, especially before you consider investing in ANY mining equipment.

thank you.  Anyhow, McDonalds makes sense, 6 an hour for 80 hours per pay period -20% for taxes is equal to $384 every two weeks.  I was hoping to gain from his questions, but all I'm doing is answering them mentally. Of course I'm gonna give my 2 cents no matter how offputting it may be.

For what its worth, I didn't insult his intelligence, but I did assault his lack of willingness to find his own answers like most of us already did beforehand using google, this board and others.