Bitcoin Forum
May 13, 2024, 05:11:54 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Total noob in mining  (Read 365 times)
turntable_rocker (OP)
Newbie
*
Offline Offline

Activity: 9
Merit: 0


View Profile WWW
November 07, 2017, 08:30:06 AM
 #1

Greetings earthlings!
recently, I bought few contracts on Genesis mining, but I want to mine more and there are no BTC contracts. So I decided I will go with real mining. I understand the theory, but struggling with picking up the right hardware. Can you suggest the most recent configuration I can use? I have some 2000 dollars. Are ASIC miners the thing? Which?

Thanks in advance!
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715620314
Hero Member
*
Offline Offline

Posts: 1715620314

View Profile Personal Message (Offline)

Ignore
1715620314
Reply with quote  #2

1715620314
Report to moderator
1715620314
Hero Member
*
Offline Offline

Posts: 1715620314

View Profile Personal Message (Offline)

Ignore
1715620314
Reply with quote  #2

1715620314
Report to moderator
1715620314
Hero Member
*
Offline Offline

Posts: 1715620314

View Profile Personal Message (Offline)

Ignore
1715620314
Reply with quote  #2

1715620314
Report to moderator
Swimmer63
Legendary
*
Offline Offline

Activity: 1593
Merit: 1004



View Profile
November 07, 2017, 09:09:34 AM
 #2

Greetings earthlings!
recently, I bought few contracts on Genesis mining, but I want to mine more and there are no BTC contracts. So I decided I will go with real mining. I understand the theory, but struggling with picking up the right hardware. Can you suggest the most recent configuration I can use? I have some 2000 dollars. Are ASIC miners the thing? Which?

Thanks in advance!

Bitmain’s Antminer S9 is the best bang for your buck and the most efficient miner available (sometimes).
But it’s not always available. Like right now.
A distant second is the Avalon 741. More expensive per TH/s and significantly less efficient.
I would keep watching Bitmain for the next release of a batch of S9’s. Although the 741 is available now.
Purchasing an S9 from a reseller will cost you too much and tends to be risky.
cryptocoinfarmer
Member
**
Offline Offline

Activity: 154
Merit: 10


View Profile
November 07, 2017, 12:49:09 PM
 #3

I would recommend investing into antminer L3+
NotFuzzyWarm
Legendary
*
Offline Offline

Activity: 3626
Merit: 2544


Evil beware: We have waffles!


View Profile
November 07, 2017, 03:46:25 PM
 #4

Start by LOOKING at the existing threads about 'I want to start mining but am totally clueless about what the hell I am looking into...' and after reading them, posting your queries in those existing threads.

Seriously, this section and many others are peppered with the EXACT same question you ask. There are a dozen or more already and don't need another...
Case in point:
https://bitcointalk.org/index.php?topic=2364144.0
https://bitcointalk.org/index.php?topic=2292007.0
https://bitcointalk.org/index.php?topic=2356812.0

- 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
turntable_rocker (OP)
Newbie
*
Offline Offline

Activity: 9
Merit: 0


View Profile WWW
November 07, 2017, 03:57:11 PM
 #5

Great, thanks a lot guys. I think I will go with Bitmain. What do you think about cloud mining? Any worthy services? I want to mine BTC and genesis is not offering contracts. Is it worth it compared to physical mining? Sry for the noob questions
messibesiy
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
November 07, 2017, 04:10:05 PM
 #6

Greetings earthlings!
recently, I bought few contracts on Genesis mining, but I want to mine more and there are no BTC contracts. So I decided I will go with real mining. I understand the theory, but struggling with picking up the right hardware. Can you suggest the most recent configuration I can use? I have some 2000 dollars. Are ASIC miners the thing? Which?

Thanks in advance!

Antminer S9 is your best bet, but $2000 might not be enough to get one.
mpet5000
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
November 07, 2017, 06:04:15 PM
 #7

Antminer is currently the best mining GPU for mining bitcoins. It costs a lot however it was configured specifically for mining. That would be your best bet
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!