can some one guide me i am new

[schyler]

hi guys,
            can plz someone help me. i am wondering  can i earn good money from mining bitcoins the reason is where i live electricity is totaly free for me  i dont have to pay a single penny for electricity and i have access to internet 24/7 the speed is avg 600 kbs down speed and avg  250 up load and its totaly unlimited i pay only    aprx 25 usd  i have two core i7 pcs and two  p4 pcs and i can also buy 2nd hand pcs at low cost but dont have access to mining hardware as saw on internet  or any other latest hardware refering to mining and i know nothing about mining so plz can some one answer the following ?
1. can i really  earn money or  am i just dreaming ?
 if the answer is yes
2. what should i do to earn money and how to start mining?

remember i know nothing about mining so plz guide me in an easy way

thanks in advance

[tspacepilot]

You need to start reading in the mining forum.  I don't think anyone can "just guide you".  If you start reading and studying on your own then you can ask more focused questions on the forum which people can help you answer.  Your question is too vague as it stands.

[schyler]

thanks for the quick reply after writing this post i started to search the forum and now the raising in my mind are diffrerent i have hurried a bit to ask questions  i think have study the forum to ask some straight questions.
i think i will be back soon with some ? after one or two days doing some study
thanks man

[hilariousandco]

1. can i really  earn money or  am i just dreaming ? if the answer is yes

You're dreaming unfortunately. Without investing quite a large amount of money you won't be able to mine bitcoins using standard computers. You could possibly mine an alt with some cheaper equipment, but it still probably wouldn't be worth it. Like was suggested, spend a few days reading up on mining before you attempt it.

[Kprawn]

Well you have a huge advantage {Free electricity}

But that will not help with mining BTC - The gains will be VERY little, because computers cannot yield enough processing power to mine BTC {The difficulty is simply to high}

You can however mine Alt coins and sell them for BTC

I will however suggest, you to ask the details on this, in the mining section of this forum --> https://bitcointalk.org/index.php?board=14.0

Good luck and happy mining. 

[Beatoftheearth]

i wish i had free electricity, that is a big bonuss to earn more from mining.

[Malin Keshar]

Mining is not THAAAAT bad if you do it for fun and don't expect to break even in two weeks, and see it more like a hobby.

You can get around 50 Ghash not that expensive, and you will break even in one or two years, I guess. Plus you'll have virgin coins, not sure if yo can sell them for a premium.

[devonne]

All you need to do is to start reading in the mining forum.   

[Hash Master]

Focus on altcoins first and see how it goes. If you starts making profit, start looking for hardware. Make sure you do your calculations beforehand inasmuch as for the difficulty rises immensely.

[Coef]

hi guys,
            can plz someone help me. i am wondering  can i earn good money from mining bitcoins the reason is where i live electricity is totaly free for me  i dont have to pay a single penny for electricity and i have access to internet 24/7 the speed is avg 600 kbs down speed and avg  250 up load and its totaly unlimited i pay only    aprx 25 usd  i have two core i7 pcs and two  p4 pcs and i can also buy 2nd hand pcs at low cost but dont have access to mining hardware as saw on internet  or any other latest hardware refering to mining and i know nothing about mining so plz can some one answer the following ?
1. can i really  earn money or  am i just dreaming ?
 if the answer is yes
2. what should i do to earn money and how to start mining?

remember i know nothing about mining so plz guide me in an easy way

thanks in advance

First, please don't mine bitcoin with your CPUs. It won't work.
With just 2 i7 and 2 old CPUs, I am afraid you won't get much result from mining altcoin, even if you have completely free electricity...
You can try though with your 4 existing PCs. You won't have anything to lose but don't expect to earn much.

[lynn_402]

Mining is fun, but it's not a good way to make profits.

That's because it is an economy of scales; huge ASIC farms can get their equipment at 50% of what it costs you, so they will always be the ones making profits with altcoins and leaving the small miners in the dust.

[notlist3d]

Sadly day's of GPU/CPU are really over for most.  Even with free electricity you would need to run a lot to get a decent amount of pay.  

If you have it in your budget look into BTC mining asics.  Currently they are the safer asics compared to scrypt.  With having "free" electricity you will have a advantage to say the least.

[DeboraMeeks]

Take a look in the mining section and/or visit some manufacturers such as GAW miners.

[OnkelPaul]

You should also reconsider your view that electricity is free (unless you have a magical "free energy" generator). Even if you don't pay for it, someone does.

Most consumers of "free" electricity actually have a kind of "flat rate" for electricity that's bundled with their dorm or apartment rent, but this normally covers normal usage only. Whether running a miner constitutes normal usage is a question that your landlord can answer. Consuming several hundred watts 24/7 is most likely not covered and could get you into trouble.

Onkel Paul

[tspacepilot]

OP, probably time to go ahead and lock this thread by clicking the "lock" link at the bottom left.  Then, when you've come back with more specific questions, you can start a new thread on that topic in the relevant subforum.

[oceans]

How you are getting electricity free is beyond me but I know it's pretty impossible to get electricity free unless someone else is paying the bill for you?

I would definitely do more research on mining and come back once you have more specific questions that can be asked so people can help you a lot easier with things you are still unsure of.

[btcside]

guy you can sell the electricity to the others to make money!

[BitcoinAddicts]

hi guys,
            can plz someone help me. i am wondering  can i earn good money from mining bitcoins the reason is where i live electricity is totaly free for me  i dont have to pay a single penny for electricity and i have access to internet 24/7 the speed is avg 600 kbs down speed and avg  250 up load and its totaly unlimited i pay only    aprx 25 usd  i have two core i7 pcs and two  p4 pcs and i can also buy 2nd hand pcs at low cost but dont have access to mining hardware as saw on internet  or any other latest hardware refering to mining and i know nothing about mining so plz can some one answer the following ?
1. can i really  earn money or  am i just dreaming ?
 if the answer is yes
2. what should i do to earn money and how to start mining?

remember i know nothing about mining so plz guide me in an easy way

thanks in advance

Jealous, but I don't understand why some part of the world give free electricity?

[B1tc01n5]

The only people that made money is early adopter, since then u have to risk FIAT to get btc.

[Coef]

Jealous, but I don't understand why some part of the world give free electricity?

As OnkelPaul mentioned, even if you don't need to pay the electricity, someone pays it for you. It could be your landlord, your parents, your boss, your university etc. Most of the time they don't expect to pay $100 monthly for you, and you will eventually get into trouble.