Hola a todos- Hello to everyone i want Mining from venezulea

[telescopiohubble]

Hello im just a begginer and my english is ufull but im here and i really want to lear.

I want to know how can i take advantage of the low cost electricity here in my country venezuela. I know thats a good sign but i want to know how can i get start in this bussines because as a lot of people here we are broke hehe, but i cant stop and i want to lear and make money with minign.

I would like to know what to mine

Bitcoin?
Etherum?
etc?

What do i need at least to make it proffitable.

and how much do i have to invest in miners, or maybe graphic cards to start.

Greetings....

[1714674505]

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[1714674505]

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[1714674505]

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[AB de Royse777]

Maybe LoyceV is the right guy for you.

[telescopiohubble]

Thank you i will send him a private message

[DdmrDdmr]

<...>

You could also create a post in the Spanish board, and see if you manage to get responses there from people with experience in Venezuela (there are quite a lot of electrical issued there to ponder into the equation as you know): Hardware y Minería and Minería de Altcoins. Mind you, those boards are pretty inactive, but it may be worth giving them a shot.

[telescopiohubble]

ok i will try it but if you can teach me in english i can understand very well. 

[CucakRowo]

Some inputs (and sharing).
Mining activity is one  of investment form. And as we know, investment , sometimes can bring wealth or vice versa, bankruptcy. Crypto has its own characteristics, which is high price volatility.

Before you dive your money into mining, you should prepare for the following:
1. The money you will invest in mining should not be mixed with money for family needs.
2. Determine the coin that you will mine. If you have large capital, it would be nice if you do mining on coins that have good fundamentals. For example: BTC, ETH, Dash, ETC and others.
3. Hope you remember, crypto has high price volatility. Prices in this month, could be up / down next month. So determine the right time for you to sell it. Is it 1 year in the future or 2-5 years in the future.

I hope those some my experience that i mentioned above can be useful for you.

[seoincorporation]

Well, first of all, you have to understand the different mining wais the topic is really long but is important to know that you can do mining with:

ascii miners, sha miners, video cards, hard disks... And the important question is 'Which are the coins who offer better profit?'. The answer is in the next service: https://whattomine.com/

It is hard for us to explain this topic in some words, It would be better if you give us a list of questions.

[khaled0111]

You can use some online mining profitability calculators to help you decide what coin to mine such as:
https://whattomine.com/
https://www.cryptocompare.com/

You will have to provide your hash rate and electricity cost and they will calculate your potential earnings.

However, I read somewhere that despite mining being a totally legal activity in Venezuela, still, you might face some troubles with your local authorities if you own a big farm.

[telescopiohubble]

You can use some online mining profitability calculators to help you decide what coin to mine such as:
https://whattomine.com/
https://www.cryptocompare.com/

You will have to provide your hash rate and electricity cost and they will calculate your potential earnings.

However, I read somewhere that despite mining being a totally legal activity in Venezuela, still, you might face some troubles with your local authorities if you own a big farm.

Well i didnt star yet and i dont have eny device just want to know what to buy. A miner o graphics cards. Energy cost here its almost Free less than 0.01$ monthly for my house.

So thats why i want to star mining because i know energy supply is one of the biggest cost when mining.

[telescopiohubble]

Well, first of all, you have to understand the different mining wais the topic is really long but is important to know that you can do mining with:

ascii miners, sha miners, video cards, hard disks... And the important question is 'Which are the coins who offer better profit?'. The answer is in the next service: https://whattomine.com/

It is hard for us to explain this topic in some words, It would be better if you give us a list of questions.

Ok well
 
1. i have 3 graphic cards of 1Gb each - can i have profit mining eth?
2. i know that i need to buy new hardware, but i dont have to much money - What should i buy? i have like 100$ to invest
3. When can i see profit?
4. Wich platform is the best to star? a pool or maybe by my own?
5. Can you help choose a hardware low cost to start maybe with ETH o Dash
6. Sorry my english is not so good but i want to know with the best in this foro and the spanish forum is not so helpfull... heheeh

Thanks for all!

[JeromeTash]

Viabtc also has a tool that can help you estimate your profits depending on the kind of miner you are using.
Visit https://www.viabtc.com/ and then scroll down to a section of Mining Profit Ranking. All you have to do is type in your electricity cost and you will be able to see an overview of mining profitability of each coin.

[CucakRowo]

-snip-

This board will help you to answer all of your questions. https://bitcointalk.org/index.php?board=81.0
And you can ask your question (number 5) on to this topic. https://bitcointalk.org/index.php?topic=5243460.0

[malevolent]

1. i have 3 graphic cards of 1Gb each - can i have profit mining eth?

Looks like they're too old for this to be worth your effort.

Even with the right hardware, if you have to ask, it might not be worth the risk. There are reports going back to 2016 of SEBIN going after Venezuelan miners, stealing their hardware to mine for themselves, and throwing them in jail.

https://news.bitcoin.com/venezuelan-bitcoin-miners-bribed-thrown-jail-secret-police/