Bitcoin Forum
December 18, 2017, 12:13:25 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Scrypt or Sha - advises welcomed  (Read 1168 times)
tonny.jr
Member
**
Offline Offline

Activity: 107


View Profile
September 17, 2014, 03:21:47 AM
 #1

hi guys
i am really a total newbie when it comes about bitcoin mining. i've read here and there about mining bitcoin with Sha or mining other crypto currencies with Scrypt, but still i am not sure which one is better and i am not sure if it is smart to get into the mining now?
i understood that the difficulty increases and that the main factors are:
1. the price of the mining unit (the miner)
2. the difficulty level
3. the price per electricity (kw/s)
4. and what else? to be honest i do not know too much now and i will be really grateful if anyone would be kind enough to advise me to buy a miner or not? and if yes - should it be Sha256 or Scrypt miner?
if someone have some time to drop a link or an explanation which shows how the difficulty "should" increase in future i will be thankful too.

by the way - what is the best place to buy a script or sha miner? china? some website?

thank you all!
 
1513556005
Hero Member
*
Offline Offline

Posts: 1513556005

View Profile Personal Message (Offline)

Ignore
1513556005
Reply with quote  #2

1513556005
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513556005
Hero Member
*
Offline Offline

Posts: 1513556005

View Profile Personal Message (Offline)

Ignore
1513556005
Reply with quote  #2

1513556005
Report to moderator
1513556005
Hero Member
*
Offline Offline

Posts: 1513556005

View Profile Personal Message (Offline)

Ignore
1513556005
Reply with quote  #2

1513556005
Report to moderator
BTCish
Full Member
***
Offline Offline

Activity: 182


View Profile
September 17, 2014, 08:58:43 AM
 #2

I think it is not really matter what you mine as long as you mine with asics. Both sha and scrypt dificulty is scyrocketing, scrypt is using more power, as it is more complicated and heat is bigger issue. Also there is a lot more choose of the sha miners, so i would better go with those. It is another story is it really worth it to mine right now. If you have very cheap or free electricity, that yes, it may be a good choice to mine. I would recomend antminers, they are reliable, shipping is within the price.

notlist3d
Legendary
*
Offline Offline

Activity: 1414



View Profile
September 17, 2014, 06:07:19 PM
 #3

Do you plan on holding? If so scypt might be for you.

If you plan on trading to BTC not holding onto Scypt coins chances are SHA is best for you.
ChuckBuck
Hero Member
*****
Offline Offline

Activity: 616


Vietnamese Translator


View Profile
September 17, 2014, 08:14:16 PM
 #4

If it you're in it just to mine as hobby and fun and don't expect to ROI, just get an Antminer S3+ and Multipool it.

Mine some SHA Alts and convert to BTC.

██
█║█
║║║
║║║
█║█
██
'BTC MULTI-WALLET SOON'
▬▬▬▬ Download WHITEPAPER ▬▬▬▬

                    ▄██▄
                  ▄██████▄
                ▄██████████
              ▄██████████▀   ▄▄
            ▄██████████▀   ▄████▄
          ▄██████████▀    ████████▄
         ██████████▀      ▀████████
         ▀███████▀   ▄███▄  ▀████▀   ▄█▄
    ▄███▄  ▀███▀   ▄███████▄  ▀▀   ▄█████▄
  ▄███████▄      ▄██████████     ▄█████████
  █████████    ▄██████████▀    ▄██████████▀
   ▀█████▀   ▄██████████▀    ▄██████████▀
     ▀▀▀   ▄██████████▀    ▄██████████▀
          ██████████▀    ▄██████████▀
          ▀███████▀      █████████▀
            ▀███▀   ▄██▄  ▀█████▀
                  ▄██████▄  ▀▀▀
                  █████████
                   ▀█████▀
                     ▀▀▀
e i d o o
██

███▀▀
▐▐▌
▐▌
▐▌
▐▐▌
███▄▄
▀▀███
▐▌▌
▐▌
▐▌
▐▌▌
▄▄███
Morguk
Hero Member
*****
Offline Offline

Activity: 568



View Profile
September 18, 2014, 08:17:42 PM
 #5

Watch out, it's not hard for someone to give you the wrong advices  Cheesy

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!