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Author Topic: Where does a newbie start?  (Read 928 times)
neonphd (OP)
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July 30, 2014, 03:38:27 AM
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I have moderate prior computer knowledge, and understand bitcoin mining somewhat, where can I obtain more information? Where should I start as far as mining rigs go? I want to put money into at least 2 units operating on 500-700 watts each and expand from there if i'm doing well. I'd probably build the units myself as I have always built my own computers, but mining rigs seem a little different.

I was looking at these machines made by asic... they seem pricey but all pre-built computers are..

http://extremeasic.com/shop/coincraft-rig-2ths/
Lucky Cris
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July 30, 2014, 03:47:28 AM
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Start in the mining section. Smiley

notlist3d
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July 30, 2014, 05:08:29 AM
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I have moderate prior computer knowledge, and understand bitcoin mining somewhat, where can I obtain more information? Where should I start as far as mining rigs go? I want to put money into at least 2 units operating on 500-700 watts each and expand from there if i'm doing well. I'd probably build the units myself as I have always built my own computers, but mining rigs seem a little different.

I was looking at these machines made by asic... they seem pricey but all pre-built computers are..

http://extremeasic.com/shop/coincraft-rig-2ths/

Well with watt's you mention I would look into S3's.  If your willing to go up to 1000 watts per then it opens a few other miners and 1T units. 
InwardContour
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July 30, 2014, 05:15:35 AM
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I have moderate prior computer knowledge, and understand bitcoin mining somewhat, where can I obtain more information? Where should I start as far as mining rigs go? I want to put money into at least 2 units operating on 500-700 watts each and expand from there if i'm doing well. I'd probably build the units myself as I have always built my own computers, but mining rigs seem a little different.

I was looking at these machines made by asic... they seem pricey but all pre-built computers are..

http://extremeasic.com/shop/coincraft-rig-2ths/

This is my personal advice, don't buy any mining hardware, if you have some dollars to invest buy bitcoins directly because mining isn't profitable anymore.
byt411
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July 30, 2014, 05:29:34 AM
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You can't "build your own rig" that easily. Building a computer is very easy, just basically fit the pieces together, like a puzzle. But you don't design the motherboard and you don't solder all the resistors and capacitors on it. To "build your own ASIC" you would have to design a PCB yourself and buy chips and make the PCB and then solder the chips.

I doubt you can do that.
rhino34567
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July 30, 2014, 05:49:40 AM
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I have moderate prior computer knowledge, and understand bitcoin mining somewhat, where can I obtain more information? Where should I start as far as mining rigs go? I want to put money into at least 2 units operating on 500-700 watts each and expand from there if i'm doing well. I'd probably build the units myself as I have always built my own computers, but mining rigs seem a little different.

I was looking at these machines made by asic... they seem pricey but all pre-built computers are..

http://extremeasic.com/shop/coincraft-rig-2ths/

This is my personal advice, don't buy any mining hardware, if you have some dollars to invest buy bitcoins directly because mining isn't profitable anymore.
This so much. Buy bitcoin, not ASICs. You don't have to believe me, just look up a mining calculator and there you go.

Kprawn
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July 30, 2014, 05:50:17 AM
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Well if you can buy some BTC it would be a great start.

Then go to the market place, and go to the service section and advertize any services you can render for BTC to get more.

If you want to earn some BTC on this forum, start to read up on as many threads you can manage, and ask questions, not answered on the forum. {That would push your post count a bit, until you
can enter a signature campaign, where you get paid for your posts, depending on your rank on this forum}

Once you have enough BTC you can look for opportunities to invest in crowd funding businesses, that shows growth.

Read a lot before you enter the mining section, because it gets technical.

Good luck

 

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bittown
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July 30, 2014, 06:10:26 AM
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I think I joined too late, if I were here some years ago I would have made tons of btc with my 6990 cards Sad
DrG
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July 30, 2014, 07:05:01 AM
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Welcome to the world of Bitcoin.  Unfortunately you're about 1.5 years too late to mine Bitcoins with CPU or GPUs.  You could, but it would be like trying to eat a can of soup with a toothpick - an exercise in futility.

You need to buy ASICs made for Bitcoin to mine Bitcoin.  Most of them only make profit for the manufacturer so I would avoid mining unless you have some overwhelming urge to mine - then you can buy a cheap $50 Rockminer that does 35GH/s and understand the mining process.

I would focus more on learning about Bitcoin's economy and how to grow it - lots of room for wealth there.
Tammy Chan
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July 31, 2014, 12:39:06 AM
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I have moderate prior computer knowledge, and understand bitcoin mining somewhat, where can I obtain more information?

https://bitcointalk.org/index.php?board=14.0

Where should I start as far as mining rigs go? I want to put money into at least 2 units operating on 500-700 watts each and expand from there if i'm doing well. I'd probably build the units myself as I have always built my own computers, but mining rigs seem a little different.

I was looking at these machines made by asic... they seem pricey but all pre-built computers are..

http://extremeasic.com/shop/coincraft-rig-2ths/

If you are looking for profit, you should check a mining calculator before buying the ASIC. Just input the info, and check how much you can expect to get.

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