Bitcoin Forum
October 20, 2021, 01:50:57 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Can anyone help  (Read 652 times)
Hale1993
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
June 13, 2014, 12:11:58 AM
 #1

I am new to bitcoin mining I've been here for a couple of days trying to teach my self about mine as everyone I speak to about it does not have a clue what I mean... Could any list to me the complete process of how mining actually works
Thank you
1634694657
Hero Member
*
Offline Offline

Posts: 1634694657

View Profile Personal Message (Offline)

Ignore
1634694657
Reply with quote  #2

1634694657
Report to moderator
1634694657
Hero Member
*
Offline Offline

Posts: 1634694657

View Profile Personal Message (Offline)

Ignore
1634694657
Reply with quote  #2

1634694657
Report to moderator
1634694657
Hero Member
*
Offline Offline

Posts: 1634694657

View Profile Personal Message (Offline)

Ignore
1634694657
Reply with quote  #2

1634694657
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1634694657
Hero Member
*
Offline Offline

Posts: 1634694657

View Profile Personal Message (Offline)

Ignore
1634694657
Reply with quote  #2

1634694657
Report to moderator
1634694657
Hero Member
*
Offline Offline

Posts: 1634694657

View Profile Personal Message (Offline)

Ignore
1634694657
Reply with quote  #2

1634694657
Report to moderator
Hale1993
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
June 13, 2014, 12:18:31 AM
 #2

Also could you please list what products I need to invest to get me ready to mine I have a limit of around 10k usd
cooldgamer
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003


We are the champions of the night


View Profile WWW
June 13, 2014, 01:02:15 AM
 #3

Mining is generating BTC with really powerful computers by having them solve a cryptographic math problem.  They are only able to do that one thing, but they're REALLY good at it.

To start, all you need is internet, power, and a miner.  If you're investing 10k, I'd recommend buying 6 of these.  To get mining, you just need to setup your miners and point them at a pool of your choice.  There's plenty of them around here, I recommend BTCguild or Eligus.  Getting the hardware up is as simple as putting in your network and pool information.  If you go with the ones I recommended, there's a setup guide here

For a better explanation of how mining actually works, this video sums it up pretty good

RoadStress
Legendary
*
Offline Offline

Activity: 1890
Merit: 1006


View Profile
June 13, 2014, 01:22:20 AM
 #4

I am new to bitcoin mining I've been here for a couple of days trying to teach my self about mine as everyone I speak to about it does not have a clue what I mean... Could any list to me the complete process of how mining actually works
Thank you

Plug miner to power source, plug network cable and it starts mining itself!

Hale1993
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
June 13, 2014, 09:04:24 AM
 #5

Okay so if I where to buy 6  BTC MINERS Would they all plug into the same computer and work as more power or is each miner it's own computer
I am a complete beginner  Angry
FlyForFun
Sr. Member
****
Offline Offline

Activity: 243
Merit: 250


View Profile
June 13, 2014, 11:53:24 AM
 #6

I am new to bitcoin mining I've been here for a couple of days trying to teach my self about mine as everyone I speak to about it does not have a clue what I mean... Could any list to me the complete process of how mining actually works
Thank you

http://www.youtube.com/watch?v=Um63OQz3bjo

ChuckBuck
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 765


better everyday ♥


View Profile WWW
June 13, 2014, 01:51:10 PM
 #7

Okay so if I where to buy 6  BTC MINERS Would they all plug into the same computer and work as more power or is each miner it's own computer
I am a complete beginner  Angry

Depends, some miners need host computers, some are standalone.

For example, pretty much all USB based miners need a host PC running at all times, whereas ones that plug in using an ethernet cable are standalone.

If you have several USB miners, you'd need a hub, then a host PC or Raspberry Pi connected to the hub.

If you have several miners with ethernet, you'd need a switch, but no host PC or Pi involved.

Hope that helps.

███████████████████████████
███████████████████████████
████████▀         ▀████████
███████             ███████
███████             ███████
██████▀             ▀██████
█████▄         ▄██▄  ▄█████
██████████▀▀███████████████
████▀▄██▀    ▀ ▀██▀██▄▀████
████  ▀             ▀  ████
█████▄▄    ▄███▄    ▄▄█████
███████████████████████████
███████████████████████████
.CHIPS.!
▄▄▀▀▀█████████▄▄
██▄███████████████
█▄████████████████
██████████████████
▄█▀▀▀██████████████▄
█▄▄██████████████████
▀████▀██████▀ ▄▀█▀
██ ▀▀███▀ ▄▀▄██
███
████████▀▄█████
▄███████████████▄
▀████████████████▀
▀██████ ████▀▀

▄▄██████ ███ ██████▄▄
$100,000      
EVENT
!
The Ultimate Crypto Casino
9 CRYPTOCURRENCIES
   ▄█████████████▄     ▄▄▄
  █████████████████   █████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀███▀
▄███████████████████▄   ▄
███▀             ▀███   █
███ ▐██▌ ███ ▐██▌ ███   █
███ ▐██▌ ███ ▐██▌ ███ ▀▀▀
███▄             ▄███
▀███████████████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
  ███████████▀▀▀███
  ███████████▄▄▄███
  ▀███████████████▀


▄███████████▄
██  █████████
██  █████████
█████▀ ▀█████ █████▄
████ ▄█▄ ████ ██████
████ ▀█▀ ████ ██████
█████▄ ▄█████ ██████
█████████  ██ ██████
█████████  ██ ██████
▀███████████▀ ██████
       ▄▄▄▄▄▄███████
       █████████████
       ▀███████████▀




ajareselde
Legendary
*
Offline Offline

Activity: 1722
Merit: 1000

Satoshi is rolling in his grave. #bitcoin


View Profile
June 13, 2014, 02:22:41 PM
 #8

There are alot of newbie friendy youtube videos, and forum topics that cover your question entirely.
Follow my advice and start mining with something you allready have, no matter how low your hashrate is, that will allow you to understand the basics well enough to advance into something more serious, or on the other hand give u vision that maybe bitcoin/altcoin mining is not realy for everyone.
TheDragonSlayer
Sr. Member
****
Offline Offline

Activity: 273
Merit: 250


View Profile
June 13, 2014, 02:28:54 PM
 #9

I am new to bitcoin mining I've been here for a couple of days trying to teach my self about mine as everyone I speak to about it does not have a clue what I mean... Could any list to me the complete process of how mining actually works
Thank you

Just so you know, mining is for fun and not for profit

cooldgamer
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003


We are the champions of the night


View Profile WWW
June 14, 2014, 03:55:04 AM
 #10

Okay so if I where to buy 6  BTC MINERS Would they all plug into the same computer and work as more power or is each miner it's own computer
I am a complete beginner  Angry
All of them have a built in computer, you don't need anything external except for setting them up

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!