Slartybardfast (OP)
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June 12, 2013, 09:06:31 PM |
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Hi all, been lurking around for a bit, reading and absorbing the information. Looking to get into mining for a bit of fun, if I make a coin or two I wold be very happy. Just thought I would say hello to all.
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_rusty_
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June 12, 2013, 09:09:16 PM |
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hello and welcome
good luck with mining.
regards
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Yuraj
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June 12, 2013, 09:11:55 PM |
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Hello and be rich with mining!
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bitage
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June 12, 2013, 09:14:25 PM |
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Good luck..research before mining and have fun!
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Slartybardfast (OP)
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June 12, 2013, 09:16:11 PM |
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Thanks for the welcome _rusty_ and yuraj, not sure about getting rich mining but a bit of fun, learning and banter on the forum will be good enough for me.
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at141am
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June 12, 2013, 09:30:29 PM |
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Best of luck, make sure you get a handle on the difficulty increases expected with new ASIC miners hitting the market before investing in hardware.
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ncr1pt0r
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June 12, 2013, 10:55:44 PM |
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^^ agreed mining is about to change quite a bit. just starting myself
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kodo
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June 12, 2013, 10:59:48 PM |
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Difficulty is increasing exponentially.
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Slartybardfast (OP)
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June 13, 2013, 05:59:06 AM |
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Hopefully technology such as ASIC will keep pace. It like an arms race. Lol
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umair1122
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June 13, 2013, 06:10:59 AM |
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I want to mine powercoin but I'm still finding a step by step guide how to do it.
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NEcom
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June 13, 2013, 06:37:18 AM |
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The difficulty is changing rapidly on the coins that bring most newbies into mining, but there are a lot of options to mine "alt coins" with a GPU or two on a hobby level. Even making a rig or two can gain some spare cash if you're just looking at it from a fun perspective and not trying to make big bank.
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jacktarli
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June 13, 2013, 11:46:55 AM |
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Sorry for the noob question but what is mining and how does it work
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GeObsCrypt
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June 13, 2013, 01:37:57 PM |
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I suggest you buy dividend paying shares in a mining company like ASICMINER. You get weekly payouts, and the share prices are rising presently You can grab some pass-through shares on bitfunder.com or btct.co. Also a new asset, PAMB on bitfunder has paid weekly dividends at ~2.5% of share price. This is a spectacular return on investment, but it smells to good to be true. Alternatively, grab a ATI 7870 and mine some litecoin. You'll be getting a solid video card and get a decent hashing rate. If you want to mine BTC personally, you need to grab some ASIC hardware. There have been a lot of bulk chip sales lately, so I suggest you wait a couple of months, because I think the hardware economy will be more competitive, and it will be more of a buyer's market. The difficulty will be higher then, but with all the new hardware coming online at the moment, you want to avoid paying super-high prices for ASIC tech at the moment.
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mat542
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June 13, 2013, 01:41:43 PM |
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Welcome to the forum. Enjoy !
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uk1
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June 13, 2013, 06:34:17 PM |
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mynameismud
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June 13, 2013, 06:39:00 PM |
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I just started GPU mining as well. Have 2 HD7970's tearing up some LTC! Not really looking to make a profit but if the rig pays for itself in a timely manner (not paying for elec) then I will consider it a smashing success!
Good luck to you!
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mirek
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June 13, 2013, 07:11:37 PM |
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I just started GPU mining as well. Have 2 HD7970's tearing up some LTC! Not really looking to make a profit but if the rig pays for itself in a timely manner (not paying for elec) then I will consider it a smashing success!
Good luck to you!
As I do not want to create new topic I want to ask is it still good idea to do GPU mining. I want to buy new gaming/mining computer and I think about HD7950. Maybe then I could upgrade it to 2 HD7950. How much Watt consumption should I assume for two graphics cards with AMD Phenom II processor? I would like to mine when I do not use this computer. You mention about mining LTC. Does this makes more sense?
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gary492
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June 13, 2013, 07:16:54 PM |
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Hello and welcome
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I will buy your old broken or used iphone or Samsung Galaxy for Bitcoins or Litecoins Send me a PM Check out www.mojavecryptoshop.com for iPhone repair and Replica beats for Dogecoins and Bitcoins
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