Need Some Guide For buying hardware

[bavagreat]

Hi everyone
I need little help from you guys.

1: Which hardware i have to Buy for bitcoin BTC mining or alternate coins [ LTC / DOGE ] . I HAVE BUDGET of 600 to 800 Dollars for buying equipment. Electricity in my country is free so i can run that machine 24/7 .


2: When you are going to tell machine just remind that in you mind I am in Kuwait . Can i get shipment here or not.


3: Any more useful tips from you guys will be appreciated .


4: Tell me about that machine how to use and run in simple 1 line then when i buy will seek your help about this.




Thanks in Advance

Hoping for  Good Guide


P:

[chrisvl]

I suggest you to buy bitcoins... Bitcoin dificulty rise up and need high hashrate for mining I don't know about other altcoins..

[bavagreat]

Buying bitcoin then what to do ?

i dont think so its gave me profit.

[fast2fix]

Buying bitcoin then what to do ?

i dont think so its gave me profit.

price of bitcoin is not stable if you buy mining hardware you won't be able to make roi on your investment. 

[bavagreat]

Buying bitcoin then what to do ?

i dont think so its gave me profit.

price of bitcoin is not stable if you buy mining hardware you won't be able to make roi on your investment. 

So u mean I buy bitcoin when its low and sell when its go high?where I can do that

I want to do minning with hardware like sp20 jackson spoondoolies

[chrisvl]

Sp20 Jackson hash with 1.7 ths if you spend 800 $ to buy this and start mining you will earn this 800 $ on 4 months in bitcoin.. But the dificulty will rise up and month to month you will mine small amount e.g if the first month earn 250$ in btc the second month you will earn 210$ in btc I try to give you a example about mining dificulty..

[chrisvl]

Buying bitcoin then what to do ?

i dont think so its gave me profit.

price of bitcoin is not stable if you buy mining hardware you won't be able to make roi on your investment. 

So u mean I buy bitcoin when its low and sell when its go high?where I can do that

I want to do minning with hardware like sp20 jackson spoondoolies

You can buy and sell bitcoin on exchange like bitstamp

[bavagreat]

What about ltc or alt coins

[chrisvl]

If you buy bitcoin then you can buy some altcoins like litecoin dogecoin..Then if you want to start mining buy a antminer s1 and mine altcoins..

[bavagreat]

Which 1 is more profitable I wanna do this work to gain profit
Buy bitcoin 376 may be its go down then I will lost few dollars

[valvalis]

Which 1 is more profitable I wanna do this work to gain profit
Buy bitcoin 376 may be its go down then I will lost few dollars

If you want to mine bitcoin it would take long time to get profit.
Bitcoin dificulty always rise up, you need a big hashrate and it needs a big fund.

[chrisvl]

You can keep it to your wallet and sell then when price will go up...
Here you can check the profitable http://www.coinwarz.com/cryptocurrency

[cryptoFRED]

I suggest you to buy bitcoins... Bitcoin dificulty rise up and need high hashrate for mining I don't know about other altcoins..

100% right! you can buy more btc than hardware in this price can create!

[bavagreat]

What is best hashrate I need and and funds
Like if I buy 1.7 th/s hardware is it good or not
http://www.spondoolies-tech.com/products/sp20-jackson-november-batch-2

What about this is it good or shall I go for higher
Or shall I go for alt coins with usb blocker or aiscc... mine alt coins and trade them with btc ?

[chrisvl]

Yes the miner is good but I don't suggest it for you... if you want to start mining as hobby you can select about the algorithm who want to mine sha256 like bitcoin scrypt like bitcoin x11 Blake etc.. In my opinion for altcoin mining buy antminer s1 and mine sha256 coins and then trade it for btc..

[odolvlobo]

Despite what many people are writing here, if your electricity is free, then you can make money by mining. However, mining is not a simple business -- there are many risks.

Do a lot of research before you start spending money.

[chrisvl]

Despite what many people are writing here, if your electricity is free, then you can make money by mining. However, mining is not a simple business -- there are many risks.

Do a lot of research before you start spending money.

Yes dear can make money but not with this hashrate.. This is my opinion

[odolvlobo]

Despite what many people are writing here, if your electricity is free, then you can make money by mining. However, mining is not a simple business -- there are many risks.

Do a lot of research before you start spending money.

Yes dear can make money but not with this hashrate.. This is my opinion

Why state opinion, when you can state fact?

An AntMiner S4 costs about 3.5 BTC. If the difficulty rises at a 7% rate, it will mine more than 5 BTC. That's a 1.5 BTC profit,  assuming free electricity.

[bavagreat]

Despite what many people are writing here, if your electricity is free, then you can make money by mining. However, mining is not a simple business -- there are many risks.

Do a lot of research before you start spending money.

Yes dear can make money but not with this hashrate.. This is my opinion

Why state opinion, when you can state fact?

An AntMiner S4 costs about 3.5 BTC. If the difficulty rises at a 7% rate, it will mine more than 5 BTC. That's a 1.5 BTC profit,  assuming free electricity.

Ok i f buy this https://bitmaintech.com/productDetail.htm?pid=00020140926075515819D846Og240603

How i can run this

how its work ? how to connect with my pc  which software i will use ?

[chrisvl]

Look you start the topic and tell you have budget 600-800$ I tell you with this budget the best is to buy bitcoins..
Now you are looking for s4 this is  up to your budget... Anyway you can setup it  following this tutorial   http://eastshoretrade.blogspot.gr/2014/10/tutorial-setting-upbtc-miner-antminer.html?m=1