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Author Topic: hi pls help a noob  (Read 2086 times)
ensurance982
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August 30, 2014, 04:10:14 PM
 #21

You will have to wait less if you go to games and rounds and do the faucets.

Also will spend less with energy.


I would sell your mining gear, I don't think it is worth anymore.

Well, have you done the math about how long it takes to get that kind of money using faucets? Faucets are a nice thing to get your hands on Bitcoin for the first time, but they don't give you a substantial amount!

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August 31, 2014, 10:10:11 AM
 #22

Let's make this simple, the OP needs 13mBTC (0.013 BTC).  Let's call it 13 meters of solid rock you need to dig through.

If you buy an ASIC you can mine at a rate of a meter an hour.

If you rely on faucets you can mine at a rate of an 10 cm/day

If you try mining on the equipment the OP is using you mine at the rate of 0.1mm/day.

If the OP wants to mine with his bare fingernails, he's welcome to, but it's only hurting the environment and potentially his computer.

The sensible thing to do would be to buy the coin locally.
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August 31, 2014, 06:23:04 PM
 #23

The easiest way to get 0.013 BTC IMO is to to to localbitcoins and find someone near you willing to sell you $10 bitcoin.

You may also join a sig campaign, claim giveaways, use faucets to get 0.013 btc in a month or two, if you really can't spare $10...

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September 02, 2014, 04:01:36 AM
 #24

Your better off to buy a usb key I think they are up to 2 gh now .that's if you don't want to just go buy the coin
           
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September 02, 2014, 05:35:17 AM
 #25

Your better off to buy a usb key I think they are up to 2 gh now .that's if you don't want to just go buy the coin
           

USB miners sadly seem to be novilty prices.  Compare to bigger miners it's just hard to justify.  I wish they were cheaper and more comparable as I would play with them for fun.  But on some of the new ones I have a hard time throwing 100 bucks or so on a few GH's, when I could get a bigger miner and much better rate.
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September 03, 2014, 09:16:17 AM
 #26

Your better off to buy a usb key I think they are up to 2 gh now .that's if you don't want to just go buy the coin
           

USB miners sadly seem to be novilty prices.  Compare to bigger miners it's just hard to justify.  I wish they were cheaper and more comparable as I would play with them for fun.  But on some of the new ones I have a hard time throwing 100 bucks or so on a few GH's, when I could get a bigger miner and much better rate.

I am afraid bitcoin mining is no longer profitable now, even if you have cheap electricity.
You will very likely end up with less bitcoin than you can directly buy now.

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September 03, 2014, 02:48:45 PM
 #27

Whatever you do, don't buy those USB stick miners if you're trying to get a small amount of Bitcoin.  Even if it's $20-$30, the speed of those sticks will never ever produce $20-$30 of BTC you could've just bought from a seller or an exchange.

If you literally just need 0.013 BTC, just buy it from LocalBitcoins, Coinbase, or any reputable Bitcoin exchange.

Not sure if this promotion is still valid, or if they stop doing this, but Circle is giving out $10 of Bitcoin for new users.  Worth a shot:

https://www.circle.com/2014/05/16/10-to-spend/

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September 03, 2014, 03:14:18 PM
 #28

if your miner can mine othercoin(your hash power is low for bitcoin, maybe your are using gpu?), you can point them to some altcoin, generating those 0.013 won't be that hard in this way

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September 04, 2014, 04:04:12 AM
 #29

Most people are buying, but its best to see based on the reddit section to see how people are reacting to bitcoin getting a price deal.
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September 04, 2014, 06:17:18 PM
 #30

so i know my hardwere its not that good for mining buit i just need 0.0130 BTC
im mining at 120 Mhash/s
Current shares    Score    Last share at    Mhash/s*
64                     44.8649    7 minutes            76.3549741511
how long will it take me to make 0.0130 BTC?
just pls answer i dont know how  to use bitcoin calculators

76 MH/s? You are mining bitcoin with a low-end GPU?
You are paying more on electricity than you can get from mining.

Just stop mining, and spend $6.5 (plus fees) to buy 0.013 btc.

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September 09, 2014, 05:21:33 PM
 #31

1) Stop mining.
2) Go to localbitcoins.com, enter your location.
3) Pick a reputable seller near you.
4) Arrange to meet them in a public place.
5) Pay them cash for the BTC.

I strongly agree with this opinion, mining requires huge resources, and also requires a lot of fund, you have to pay for the electricity you use 24 hours a day, you also have to pay a good computer specs for mining, while the profits of mining are not too large and the possibility of return on investment is a very long time, if you have a large capital and expect big profits in a short time, then the investment funds in mining is not the right decision ...
hopefully you can take the right decision in investing ...

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