New to Bitcoin mining and the forum

[Bit_Bullion]

Hey all!

I stumbled on here after checking out the posts on Cloudhashing. So instead of giving a load of money to some stranger running a non-transparent 'money printing' company/operation; I thought I'd put together a little budget mining rig since I had a spare Raspberry Pi lying around.

I'm awaiting 6 ASIC miners running @ ~336MH/s in the post, and a 5V 6A PSU for the USB hub which will eventually arrive from China to keep them all nicely fed with juice (until then I'll be running 3-4 miners). A little USB fan should hopefully stop the miners from melting 

The Pi will be set up using Minepeon.

So depending on how the miners perform and as the difficulty increases I may expand the rig to up the hashrate from the measly ~2GH/s

Wish me luck and hopefully the whole Bitcoin thing isn't just a fad...

Any tips and advice would be gracefully accepted!

Cheers!

[1715285824]

1715285824

[1715285824]

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[marcovaldo]

Hi

Good luck, you will need it, because I have no idea if you will ever be able to mine more money that you spent there

[Bit_Bullion]

Thanks for the encouragement Marco!

Luckily I don't have my house riding on this little venture or else your prediction may have just sent me jumping off a bridge... 

Since I already had a Pi with accessories and USB hub lying around, spending ~£150 on the remaining bits wasn't really gonna make my hair fall out with stress. It can sit in the corner crunching away until the day I retire for all I care.

Who knows? Maybe governments around the World will have crushed the BTC idea long before then and the early adopters and hoarders will undoubtedly have lost more than me. It all comes down to buying/selling at the right time(s) if you want to make a profit. Since I don't plan on buying any BTC I can hopefully use any mined BTC towards goods/services wherever they're accepted. Heck, depending on the exchange rate(s) I may even sell up for real currency some day.

[bmoconno]

Who knows? Maybe governments around the World will have crushed the BTC idea long before then and the early adopters and hoarders will undoubtedly have lost more than me.

Thank you, this made me smile.  I understand that people who chime in with the whole "You're wasting your time and money" thing are just trying to help out and let you know that this isn't a way to "get rich quick", but when I mentally read them it usually sounds a bit more like they are just being mean and trying to crush our dreams, you know, like when someone tells you "you can't have breakfast for dinner". 

P.S.  Screw those dudes, breakfast for dinner is the best!

[Bit_Bullion]

Darn right!

Full English breakkie for dinner is the best! Shame it'll clog up your arteries if you indulge too much, and it doesn't really go with red wine 

Everything in moderation is my motto. And that applies to BTC mining too.