WithAZ (OP)
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February 17, 2014, 08:07:54 PM |
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Hi, new here, just wanting to find out more about mining - any advice appreciated.
Thanks
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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GrandBcn
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February 17, 2014, 08:15:28 PM |
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You want to mine BTC or altcoins? That is the first question.
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chaff
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February 17, 2014, 08:26:29 PM |
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Yeah, if you're looking to start mining BTC than unless you have quite of bit of money to put into it you probably won't get much profit from it. However you could mine some alt coins pretty inexpensively depending on which one you choose.
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Baitty
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February 17, 2014, 08:47:01 PM |
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Mining altcoins will be much more profitable for you than mining Bitcoin has Bitcoin is very difficult to mine.
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Currently held as collateral by monbux
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AngelaM
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February 17, 2014, 08:47:58 PM |
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I would start mining altcoins (scrypt) now.
Lots of guides online, just search Google for "Litecoin mining guide"
You probably have the hardware to start mining right now (although not very efficiently), so you can get a feel for it.
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WithAZ (OP)
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February 17, 2014, 09:19:07 PM |
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Thanks everyone for your replies. I have a freind in work who wants to sell me 30 ant u1 bitcoin miners for 3 bitcoins. Is this a good deal and can I mine scrypt with them?
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MakeBelieve
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February 17, 2014, 09:34:41 PM |
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Thanks everyone for your replies. I have a freind in work who wants to sell me 30 ant u1 bitcoin miners for 3 bitcoins. Is this a good deal and can I mine scrypt with them?
I think you can mine scrypt with them go check in the alt coin section they will know a lot more and will provide you with a good answer. |
On a mission to make Bitcointalk.org Marketplace a safer place to Buy/Sell/Trade
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pontiacg5
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February 17, 2014, 09:47:37 PM |
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Thanks everyone for your replies. I have a freind in work who wants to sell me 30 ant u1 bitcoin miners for 3 bitcoins. Is this a good deal and can I mine scrypt with them?
I think you can mine scrypt with them go check in the alt coin section they will know a lot more and will provide you with a good answer. You think wrong, and should probably not give out advice on things you don't know about. You can not scrypt mine with a U1. Also, 30 U1 miners for 3 BTC is a god-awful deal, but you'll need to figure out why for yourself. |
Please DO NOT send me private messages asking for help setting up GPU miners. I will not respond!!!
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rmines
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February 17, 2014, 09:48:54 PM |
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Thanks everyone for your replies. I have a freind in work who wants to sell me 30 ant u1 bitcoin miners for 3 bitcoins. Is this a good deal and can I mine scrypt with them?
If you want to know if they are profitable (make more money mining than you spent on them) check a mining calculator such as this one: http://bitcoinwisdom.com/bitcoin/calculator |
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DanielVG
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I want free lunch, i'm gonna go with this guy.
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February 17, 2014, 10:43:15 PM |
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consider mining more as a hobby than an way of making money and you'll learn a lot in the process.
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Sonny
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February 18, 2014, 04:22:11 AM |
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Thanks everyone for your replies. I have a freind in work who wants to sell me 30 ant u1 bitcoin miners for 3 bitcoins. Is this a good deal and can I mine scrypt with them?
I think you can mine scrypt with them go check in the alt coin section they will know a lot more and will provide you with a good answer. You think wrong, and should probably not give out advice on things you don't know about. You can not scrypt mine with a U1. Also, 30 U1 miners for 3 BTC is a god-awful deal, but you'll need to figure out why for yourself. 0.1 BTC for a U1 miner is really really bad lol. Anyway, it will be very hard to mine bitcoin with profit at this moment, and it would be much better to build a GPU rig to mine scrypt-based coins  |
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troy112
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February 18, 2014, 11:40:09 AM |
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There are alot of guides out there on the forum and it will be easy to follow them rather then putting up questions all around the forum.
You could even ask some member to help you in getting started..
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Specialrigs
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February 18, 2014, 11:52:51 AM |
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It can be a bit daunting at first, but as long as you are careful and ask a lot of questions. You'll be fine.
Don't be too trusting. Always try and read between the lines of what people are saying, and don't get caught up in the hype. Use your head and you won't have a single problem.
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AndrewGucci
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February 18, 2014, 02:28:31 PM |
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If you want to mine, do that with altcoins, too late for mining BTC
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WithAZ (OP)
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February 18, 2014, 06:58:58 PM |
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Thanks for all of your advise its appreciated. I decided to order 2x radeon 7950s to to do scrypt mining. Bitcoin seems too expensive to get into now. I am thinking litecoins seems the most popular amd I right?
thanks again!
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Sonny
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February 19, 2014, 09:28:31 AM |
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I am thinking litecoins seems the most popular amd I right?
If you are talking about publicity and merchant acceptance, bitcoin is definitely way more popular than the other altcoins. |
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