Hi everyone
i am a newbie from india just a student heared about bitcoins yesterday in some site and i am really interested in this stuff after thorough searching on net i am able to start but still too much confused and i really need some help
i am mining using gpu have ati radeon gpu and joined slush pool dont know whether its right for me or not..
please tell some ways or some methods to earn bitcoins
thanks a lot in advance
please post some tutorials also i will read them thoroughly any help is appreciated.
As far as bitcoin is concerned GPU mining is a fools errand. There are websites that can give you an idea about the returns you can expect based on the network difficulty, device hashrate and electricity cost etc. Like this one -
http://www.alloscomp.com/bitcoin/calculatorIf you want to start mining bitcoins today and wants to make a ROI , then asic mining is the right way to go. But the asic devices that can actually give you a profit are very difficult to get our hands on. In most cases we have to get into a pre order queue and wait for few months till they get shipped. By then the network difficulty would make it almost obsolete. There are miners from India who are actually doing pretty good, but they had the advantage of entering the scene at an early stage. This is a comparative chart of various asic mining devices.-
http://coinpolice.com/asic-comparison/ . check it out
With your radeon GPU setup it would be ideal to start mining litecoins now and later trade them for BTC. There are no asic miners for litecoin as for now as it is a scrypt based coin. So with multiple GPUs and high memory you could collect a decent amount of litecoins.
