Newbie help please

[Bittydizzious]

I've been following bit currency for a while and always thought about it (and then the price skyrocketed and I kicked myself).

Now with a little extra cash laying around I'd like to give it a go and dive into the deep end possibly and build a mining rig, but not really sure what to look for. I've read a few articles but some of them seem older or just plain contradictive of eachother.

So bitcoins or dogecoins are what I'm after to mine, and I'd be willing to put £700 into a machine, but I'd really like to read up and obviously be informed before I do so, so if anyone could point me to some good articles, give me some tips or explain a few things to me, that'd be great.

Such as, how do I calculate the total power being used by a machine and thus the estimated profit?

Thanks in advance.

[roslinpl]

I've been following bit currency for a while and always thought about it (and then the price skyrocketed and I kicked myself).

Now with a little extra cash laying around I'd like to give it a go and dive into the deep end possibly and build a mining rig, but not really sure what to look for. I've read a few articles but some of them seem older or just plain contradictive of eachother.

So bitcoins or dogecoins are what I'm after to mine, and I'd be willing to put £700 into a machine, but I'd really like to read up and obviously be informed before I do so, so if anyone could point me to some good articles, give me some tips or explain a few things to me, that'd be great.

Such as, how do I calculate the total power being used by a machine and thus the estimated profit?

Thanks in advance.

http://www.alloscomp.com/bitcoin/calculator
http://www.alloscomp.com/bitcoin/calculator

that should help I guess

[DSL]

I've been following bit currency for a while and always thought about it (and then the price skyrocketed and I kicked myself).

Now with a little extra cash laying around I'd like to give it a go and dive into the deep end possibly and build a mining rig, but not really sure what to look for. I've read a few articles but some of them seem older or just plain contradictive of eachother.

So bitcoins or dogecoins are what I'm after to mine, and I'd be willing to put £700 into a machine, but I'd really like to read up and obviously be informed before I do so, so if anyone could point me to some good articles, give me some tips or explain a few things to me, that'd be great.

Such as, how do I calculate the total power being used by a machine and thus the estimated profit?

Thanks in advance.

For Learn with Cloud Mining Bitcoin 24/7 auto, no hardware needed 1 GHS = 0.012 BTC
KLIK HERE

[jeppe]

For 700£ you can get an ~2 anrminers!!  Buy some bitcoin on Localbitcoin.com and go to https://www.bitmaintech.com and order one. Sounds like you are in the uk so the import fee is 75 each (or thats what i payed for them when they were 0.999). To calculate the return on these go to https://bitcoinwisdom.com/bitcoin/calculator
Good luck,
JT

[nybbler905]

I've dealt with one of the guys associated with Cryptoware and he's in the UK.  Only issues were at either my end or my wallet.
They do BTC, PayPal or credit card  and no, no commission for me, just a happy customer passing them along.

www.cryptoware.co.uk

You may want to get a powered USB hub and start with a minimum of 3 AntMiner U2s  the U1 seems to be out of stock from the manufacturer.