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Author Topic: Finding it hard to get started with bitcoins  (Read 852 times)
uraliss1 (OP)
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August 24, 2013, 10:16:58 AM
 #1

Hi Folks,
This is my first post here and I am finding the subject of bitcoins to be fascinating. Trouble is its not that easy getting started.
I have cgminer running on slush's pool and it seems to be working but theres a minimum amount that has to be earned before you can withdraw (0.01) and that will take me over a week to mine.
Theres a faucet ive joined but thats taking a while. I live in the uk and i have had a quick look at localbitcoins and there are sellers of BTC but most require a bank transfer and I would rather stay away from that at the moment.
So after half a week of trying to get somewhere im still at 0.00 BTC which means its not easy to test it out.
Any ideas?
favdesu
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August 24, 2013, 10:18:08 AM
 #2

you either sell stuff on bitmit or just buy bitcoin directly. everything else is pretty much obsolete nowadays.

cryptostart
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August 24, 2013, 06:23:48 PM
 #3

The question is: What do you want to get out of Bitcoin?

If you just want to build up a stash, the easiest route to acquiring some coin is either localbitcoins or setting up an account to buy from a legit exchange.  Good luck!
marcovaldo
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August 24, 2013, 06:25:48 PM
 #4

What will you do with your bitcoins?
If you need to buy something online, it might be cheaper to pay with fiat and not btc ...

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differential350
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August 24, 2013, 06:47:55 PM
 #5

Try to buy them at bitstamp.net
marcovaldo
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August 24, 2013, 06:49:29 PM
 #6

Try to buy them at bitstamp.net

He said:

(...) i have had a quick look at localbitcoins and there are sellers of BTC but most require a bank transfer and I would rather stay away from that at the moment. (...)

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RodeoX
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August 24, 2013, 06:53:58 PM
 #7

The question is "where can I get money"?
You can sell stuff, work for it, buy it with other kinds of money. But just like pounds, you are not likely to get it for free. Mining is another option but not an easy one. You could, for example, mine gold. To do that you will have to make a huge investment in equipment, which is why most people buy gold instead of digging all day.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
differential350
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August 24, 2013, 06:58:27 PM
Last edit: August 24, 2013, 07:13:42 PM by differential350
 #8

Try to buy them at bitstamp.net

He said:

(...) i have had a quick look at localbitcoins and there are sellers of BTC but most require a bank transfer and I would rather stay away from that at the moment. (...)
I'm trying to enjoy my 4 hours....but I'm tired

Buy them at BTCquick with a credit card, or find someone that accept Western Union.


Quote
The question is "where can I get money"?
You can sell stuff, work for it, buy it with other kinds of money. But just like pounds, you are not likely to get it for free. Mining is another option but not an easy one. You could, for example, mine gold. To do that you will have to make a huge investment in equipment, which is why most people buy gold instead of digging all day.
There is someone that just mine it with simple equipment and then resell it at 1% of its USD price, just saying (unDemocratic Republic of Congo)
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August 24, 2013, 07:10:28 PM
 #9

buy from localbitcoin for cash.
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August 25, 2013, 03:30:27 PM
 #10

you either sell stuff on bitmit or just buy bitcoin directly. everything else is pretty much obsolete nowadays.

Now that bitcoin is getting more and more popular, mining is not exactly worth it anymore in most circumstances, buying bitcoin or selling your items for bitcoin on bitmit is the best way to go, you can try to gamble or invest them in others or in stock.
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August 25, 2013, 03:42:33 PM
 #11

buy from localbitcoin for cash.


If you want to invest....

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August 25, 2013, 03:54:51 PM
 #12

try http://www.reddit.com/r/bitcointip  It's how I got my first small amount of BTC. If you already have a reddit account you can "redeem" Karma too.

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michpalmer.com
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August 25, 2013, 04:02:02 PM
 #13

try to buy rather than mine
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September 06, 2013, 06:13:14 PM
 #14

buy bitcoin directly
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September 06, 2013, 06:53:16 PM
 #15

You mentioned your mining but it'll take a week to get the .01 BTC needed to payout? 

The best options are to buy them directly - most mining hardware available is pretty pricey (if you can find good hardware).  I'd avoid ebay because of the scams.  localbitcoins.com has good reviews...  the forums have options for buying and selling with escrow but I've never used it...  I mined most of my coins and bought some others using Dwolla and MtGOX but that was a couple of years ago...  now I'm using campbx but your in the UK...  good luck!

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September 07, 2013, 06:36:42 AM
 #16

Hi Folks,
This is my first post here and I am finding the subject of bitcoins to be fascinating. Trouble is its not that easy getting started.
I have cgminer running on slush's pool and it seems to be working but theres a minimum amount that has to be earned before you can withdraw (0.01) and that will take me over a week to mine.
Theres a faucet ive joined but thats taking a while. I live in the uk and i have had a quick look at localbitcoins and there are sellers of BTC but most require a bank transfer and I would rather stay away from that at the moment.
So after half a week of trying to get somewhere im still at 0.00 BTC which means its not easy to test it out.
Any ideas?


find irl meetup on localbitcoins and bring some friends.
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