Bitcoin Forum
May 12, 2024, 11:34:52 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: what mine to get into:bitcoin,litecoin,etc???  (Read 891 times)
Datastick (OP)
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
February 12, 2014, 06:55:13 PM
 #1

im a noob, I would like for someone to point me in the right direction to what is profitable right now? the difficulty in bitcoin is through the roof and buying a blackarrow 100gh/s x1 wouldn't be worth it from what I have been reading for the past couple of days. so where should I begin before I waste my money?
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715556892
Hero Member
*
Offline Offline

Posts: 1715556892

View Profile Personal Message (Offline)

Ignore
1715556892
Reply with quote  #2

1715556892
Report to moderator
1715556892
Hero Member
*
Offline Offline

Posts: 1715556892

View Profile Personal Message (Offline)

Ignore
1715556892
Reply with quote  #2

1715556892
Report to moderator
vpitcher07
Sr. Member
****
Offline Offline

Activity: 342
Merit: 250


View Profile
February 12, 2014, 07:09:45 PM
 #2

You're right about mining btc, it's currently not worth it. I don't know enough about other coins to give you an educated opinion however you'd probably better off just purchasing BTC or another coin and holding it and hoping the price goes up. Especially if you don't know much about mining as it's not exactly noob friendly. Do some more research, you can find a ton of info on this forum as well as other places. In my opinion, if you can't tell me what mining is or why you do it, then you shouldn't try it until you do.

Bitcoin: The currency of liberty
1HBJSf3Lm9i8KxjZ7fuoN9FJ8hniniFbv4
CryptoClassroom
Newbie
*
Offline Offline

Activity: 16
Merit: 0


View Profile WWW
February 13, 2014, 07:01:34 PM
 #3

As others have said, it isn't even worth it to mine Bitcoin anymore unless you have a huge setup. Most people trying to mine wouldn't even be able to cover the cost of power.

It is far more profitable to mine altcoins and exchange them for BTC.
bluemist
Member
**
Offline Offline

Activity: 67
Merit: 10


View Profile WWW
February 14, 2014, 02:22:46 PM
 #4

It is far more profitable to mine altcoins and exchange them for BTC.

Agreed - you'll earn a lot more that way at the moment. I've had good profits so far with this method.

In saying that, coins are cheap at the moment so if I were you I'd just buy some instead.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!