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Author Topic: How do you mine Bitcoin?  (Read 260 times)
bossloccox (OP)
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February 05, 2018, 01:02:19 AM
 #1

 I am new here and until now i am curious on mining bitcoin..
Right now all i know is posting keep my acount safe. Do you mind if you give me some more idea  about it....
Thanks ..
Alexander_Z
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February 05, 2018, 08:52:14 AM
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Mining bitcoin? I think you are several years late for this. Bitcoin mining with CPUs and GPUs is long dead, now it is mined using specialized (and expensive) hardware (ASICs). It requires large investments and cheap electricity. There is a forum section for mining (https://bitcointalk.org/index.php?board=14.0), have a look there at some mining farm setups.
chulos
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February 06, 2018, 06:32:37 PM
 #3

As written above. Bitcoin mining via ASIC device. But you can mining other coins and then exchange them for BTC.

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Digital Mutant
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February 06, 2018, 10:37:25 PM
 #4

Mining is the core of cryptocurrencies, of course you can mine
All that you need is a specific cpu that you will use only for this, but be aware that you have to calculate all the costs and mine currencies that are profitables for your cpu and hashrate

I suggest learn a bit more, there's a lot of staff here
first learn and then start making questions in the forum based on what you have learned
there's a lot of people that can help you here but you have to be prepared in the bases os mining Wink
gotminer
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February 07, 2018, 12:34:03 AM
 #5

Mining bitcoin? I think you are several years late for this. Bitcoin mining with CPUs and GPUs is long dead, now it is mined using specialized (and expensive) hardware (ASICs). It requires large investments and cheap electricity. There is a forum section for mining (https://bitcointalk.org/index.php?board=14.0), have a look there at some mining farm setups.

He didn't ask how to mine btc with cpu's or gpu's fucktard. 

And to the OP.  Fucking read.

Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
racebum
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February 07, 2018, 01:26:01 AM
 #6

it starts with a few thousand dollar investment if you want to mine bitcoin specifically.

https://shop.bitmain.com/productDetail.htm?pid=000201801170959500908a6LT4fg0669

is probably the most popular unit. you will also need a large efficient power supply and a way to control it

many of us just start with cpu/gpu mining alt coins and transfer that to bitcoin as it can be done on our gaming computers when we aren't using them
gotminer
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February 07, 2018, 01:28:12 AM
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it starts with a few thousand dollar investment if you want to mine bitcoin specifically.

https://shop.bitmain.com/productDetail.htm?pid=000201801170959500908a6LT4fg0669

is probably the most popular unit. you will also need a large efficient power supply and a way to control it

many of us just start with cpu/gpu mining alt coins and transfer that to bitcoin as it can be done on our gaming computers when we aren't using them

Don't waste your time gaming with a gpu. Lol.

Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
jseverson
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February 07, 2018, 02:43:25 AM
 #8

You need specific hardware for Bitcoin. No GPU will be able to net you profit. Use a Bitcoin mining profitability calculator like this:

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12&MiningPoolFee=1

to find out whether it's viable at all.

Take note that the mining hardware required for Bitcoin is highly specialized, and if you fail, you probably won't be able to use it for anything else, so you'll be forced to sell it at a loss. Make sure you do a lot of research first.

neo444
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March 13, 2018, 12:29:04 PM
 #9

You can mine bitcoin by genesis-mining.com or eobot.com
Ryzenus
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March 13, 2018, 01:17:26 PM
 #10

There is some new CPU's and GPU's that can mine cryptocurrencies with efficiency but you must need a lot of them. So I can conclude that GPU and CPU mining is STILL not recommended as it eats a lot of power that's why ASICs are built for purposefully for mining as have they said from the above. And all I can say is: "Mining is a high risk and high reward option".
nivanis
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March 14, 2018, 08:47:21 PM
 #11

You need to invest in a mining rig (computer machine with several graphic cards).
Graphic cards are expensive nowadays and if you can find a good deal then you have a chance to start with a lower investment.
Check ether calculator and based on your electricy expenses you can calculate expenses and potential profit.
FengShuii
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September 29, 2018, 08:01:54 PM
 #12

I am new here and until now i am curious on mining bitcoin..
Right now all i know is posting keep my acount safe. Do you mind if you give me some more idea  about it....
Thanks ..
Mining on your own is not profitable anymore, there are too much big players, you can't have their big scale conditions.
Velkro
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September 29, 2018, 10:51:15 PM
 #13

I am new here and until now i am curious on mining bitcoin..

I would say only for professionals now. Big investments, big risk.
You can mine altcoins with graphic cards, its more for amateurs.
geopard
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October 01, 2018, 08:24:39 AM
 #14

It was a very long time bitcoin with conventional video cards is not profitable to mine. It is more profitable to mine alternative coins.

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