Free unlimited electricity... where to start?

[Neotox]

free unlimited electricity?

then here is idea to make pure profit

sell electricity to other as you have unlimited at free of cost

[gelar24]

Hi Folks

My first post in the forums so nice to meet you guys! I stay in Edinburgh, Scotland

I tried the search function but couldn't really find anything on it.

As the title says I have free unlimited electricity. I would like to start mining bit coins but my knowledge isn't all that great. I know the market is pretty saturated so solo mining will pretty much get you no where so mining in a pool is your best shot. Apart from that my knowledge starts to run a little dry.

I have an alienware Aurora R3, it has 6Gb Ram, i7 processor overclocked from 2.67ghz to 3.2ghz with 8 cores.  2 ATI HD5700 graphics cards crossfired.

Where do I start?

Any advice is greatly appreciated folks

Thanks

hi I am also a degree Greetings from Indonesia

for about mine because I do not have the tools so expensive, but I often nambang in some particular mining site

well it seems you can make a lot of coin just to sit sit and wait: D

[rarkenin]

What site? And how much do you really make JS-mining?

[LYCAN]

well here i got some free electricity too ... but canot mine some alt coins i dont have any gpu or a miner but still happy..

[fivejonnyfive]

Buy Antminer S1's. You can get them damn cheap because they aren't that efficient anymore. But you don't care about efficiency.

You'll need power supplies and network access.

 

[zimmah]

God is the only source of infinite energy, all other forms of energy are finite. Or rather, the energy won't disappear, but the increased entropy would render it useless for generating electricity at some point.

anyway, mining with computers will get you nowhere in bitcoin. If you really want to abuse your free god-source of infinite electricity you should consider buying a shitload of ASIC miners. (I wonder how long you will keep getting free electricity, and how long it would take for the cops to check if you are not running a weed plant).

Anyway with your computer it would be best to mine monero or dogecoin or something.

[ChuckBuck]

Buy Antminer S1's. You can get them damn cheap because they aren't that efficient anymore. But you don't care about efficiency.

You'll need power supplies and network access.

 

I would agree with you, until the news of the Antminer S3 struck like thunder yesterday.

If you got free electric, the S3 is the way to go.

[DrG]

Buy Antminer S1's. You can get them damn cheap because they aren't that efficient anymore. But you don't care about efficiency.

You'll need power supplies and network access.

 

I would agree with you, until the news of the Antminer S3 struck like thunder yesterday.

If you got free electric, the S3 is the way to go.

That depends on timing.  1 week could mean the difference between profit and loss, especially with KNC about to pump out their Q1/Q2 Neptunes supposedly.

[ChuckBuck]

Buy Antminer S1's. You can get them damn cheap because they aren't that efficient anymore. But you don't care about efficiency.

You'll need power supplies and network access.

 

I would agree with you, until the news of the Antminer S3 struck like thunder yesterday.

If you got free electric, the S3 is the way to go.

That depends on timing.  1 week could mean the difference between profit and loss, especially with KNC about to pump out their Q1/Q2 Neptunes supposedly.

True, but have you seen the Neptunes, it's not 1 case or enclosure anymore.  It's just 5 600 GH/s boxes now:



You know people will buy farms of the S3, and it'll definitely be cheaper than the Neptunes.  Bitmain already has 20% of the network hash rate, I could easily see it go to a third if the S3 is priced right.

But yes, with both Bitmain and KNC releasing around the same time, all miners profits will be cut into immensely.

[xstr8guy]

God is the only source of infinite energy...

Stopped reading after that.   

[DrG]

Buy Antminer S1's. You can get them damn cheap because they aren't that efficient anymore. But you don't care about efficiency.

You'll need power supplies and network access.

 

I would agree with you, until the news of the Antminer S3 struck like thunder yesterday.

If you got free electric, the S3 is the way to go.

That depends on timing.  1 week could mean the difference between profit and loss, especially with KNC about to pump out their Q1/Q2 Neptunes supposedly.

True, but have you seen the Neptunes, it's not 1 case or enclosure anymore.  It's just 5 600 GH/s boxes now:



You know people will buy farms of the S3, and it'll definitely be cheaper than the Neptunes.  Bitmain already has 20% of the network hash rate, I could easily see it go to a third if the S3 is priced right.

But yes, with both Bitmain and KNC releasing around the same time, all miners profits will be cut into immensely.

Yeah they pulled the same thing BFL did with their minirig.  Well, it would be better suited for the home user.  The problem is it will be overpriced.  So the only people who would buy them (other than those who remained pre-order) would be clueless customers - and we have a lot of those.

Either way both will hit the network at the same time.  We might be seeing a couple of 20 or 30% jumps.

[Muhammed Zakir]

Hello!
IMO every newbie to mining should start mining altcoins and study how it works and then mine BTC or any profitable coins but remember, more profit the coin is, more difficult to mine it
Kindly,
        Muhammed Zakhir

[brian_23452]

Hello!
IMO every newbie to mining should start mining altcoins and study how it works and then mine BTC or any profitable coins but remember, more profit the coin is, more difficult to mine it
Kindly,
        Muhammed Zakhir

Very insightful.  Mine profitable coins, unless they aren't profitable.  Thanks for the tip!

[nwfella]

Hello!
IMO every newbie to mining should start mining altcoins and study how it works and then mine BTC or any profitable coins but remember, more profit the coin is, more difficult to mine it
Kindly,
        Muhammed Zakhir

Very insightful.  Mine profitable coins, unless they aren't profitable.  Thanks for the tip!

lmao.  this is funny

[cryptnutter]

I am starting to get the feeling that even with free electricity, mining is no longer a viable option. With the amount of hash power that's required, you could just buy coins outright instead of paying for some piece of equipment that may or may not be delivered on time or ever, that may or may not last, etc.

[DrG]

Hello!
IMO every newbie to mining should start mining altcoins and study how it works and then mine BTC or any profitable coins but remember, more profit the coin is, more difficult to mine it
Kindly,
        Muhammed Zakhir

When you refer to newbie, are you talking about yourself?  When multicoin pools switch coins they pick the one that has a lower difficulty relative to it's price.  I think you're a little confused 

[Johanna]

Hello!
IMO every newbie to mining should start mining altcoins and study how it works and then mine BTC or any profitable coins but remember, more profit the coin is, more difficult to mine it
Kindly,
        Muhammed Zakhir

When you refer to newbie, are you talking about yourself?  When multicoin pools switch coins they pick the one that has a lower difficulty relative to it's price.  I think you're a little confused 

Depends on what type of multi pool you are talking about. usually they are mining the most profitable coins.

[ALToids]

Hello!
IMO every newbie to mining should start mining altcoins and study how it works and then mine BTC or any profitable coins but remember, more profit the coin is, more difficult to mine it
Kindly,
        Muhammed Zakhir

When you refer to newbie, are you talking about yourself?  When multicoin pools switch coins they pick the one that has a lower difficulty relative to it's price.  I think you're a little confused 

Depends on what type of multi pool you are talking about. usually they are mining the most profitable coins.

I think you missed DrG's point.  The coin that has the highest price relative to it's difficulty will be the most profitable.  In that scenario that would be the coin with the lowest difficulty so to speak.  Every multipool mines the most profitable coin.

[lowbander80]

if you dont want to waste much time and money best is to buy a few Antminer S1
they are cheep and trouble free.
Then when you make some money and understand how it works buy all the end of life
equipment on the bay and put them to work...

[andi1]

DjAirwolf i have a range of asic miners available with shipping from uk stock and if you have free electricity to hell with just get the Cointerra`s plugged in!  2kw each but very burly btc miners which run at 1.6 th each,