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Author Topic: Newbie with Questions  (Read 473 times)
jdarkslayer (OP)
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November 30, 2013, 04:15:12 AM
 #1

Hey all!
Been hearing about Bitcoins for over a year and never really looked into it. Now I have and wish I had gotten into Mining when I could have done something.

Anyway I have a pretty good Gamer computer with a NVidia card, which now turns out to be horrible for mining. (Is making me rethink my stand towards ATI).
However I was hoping for some input on how to use my limited resources to go the longest.

Right now I can mine BTC for around 78 Mhash/s so that's out. I can mine LTC/FTC for around 150-160 Khash/s and will be bring an weaker machine that I built for school online tonight that should add around 40 Khash/s to my total.

I have done some math and have found that at around current exchange rates I can make the same $$$ mining LTC as I can FTC. However I can get FTC faster so will be able to use it faster then LTC. Is this wise? From what I've read it would seem that FTC could be going up. And since FTC has a higher payout and lower Diff it would be wise for a low Mhash/s miner like myself to start with. Or should I get out of FTC and just go with LTC?

Another thought I had was using FTC to trade for BTC and then going into Cex.io, as that would be the easiest way for me to get GH/s of mining power. However from alot of what I read on this forum most who are on Cex.io are just using it as a Day trading service, which doesn't make any sense to me, shouldn't you be able to increase your mining power with Cex.io by just taking the BTC that you earn and buying more GH/s power?

Also I've been seeing stuff about [Suspicious link removed] and alternatepool.com, would these be a better path for me to take? Or is my mining power so low that it doesn't matter and would still take weeks to get to the minimum payout?

Anyway again hello! and thanks!!
-JDM-
Hideyoshi
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November 30, 2013, 04:37:48 AM
 #2

Would still take weeks. You will make more bitcoins buying bitcoins directly than paying for electricity to make bitcoins. The same thing for altcoins too, except for very cheap altcoins, which are too crap and too risky anyway.
jdarkslayer (OP)
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November 30, 2013, 02:11:46 PM
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I'm just running my normal gaming rig, which isn't that power hungry. It is a NVidia so yeah is more of a hog then an ATI card, but would have to double my current power bill to make me break even.

Am still thinking that Cex.io could be a mining money maker.
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