i'm newbie in btc and i don't know how to mine btc
i'm newbie in btc and i don't know how to mine btc
It's too late to mine btc already. Mine doge, so rich much popular
Dont bother mining btc, follow the releases of new coins or coins that are stable in communities eyes like litecoin,hoboknickles,digitalcoin and etc.
I cannot post links here as I am new but here's your answer
(bitcointalk) . (org)
The main Bitcoin discussion forum, includes subforums for technical support, mining, development and economics.Lots of threads in it to help you.
Last edited by multicolouredhat; 01-30-2014 at 04:54 PM.
OP its not worth trying to mine it as you. would require alot of capital to mine even a small amount. like previous posts suggest mine. new coins and wait fot sometime for their values to rise.
It would be easier labor to simply join a gig site that pays in BTC, like bittask or forbitcoin, and advertise your gig page to get jobs.
There are many coins to mine, you want to pick the newer ones before the block reward reaches the halving point.
You also need the hardware. Do you have 5+ top end graphics card ready?
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you need to either buy a mining rig or set up a mining program on your computer to mine. Not everyone can mine, you'll need a high end graphics card which can cost upwards of $100. You will probably get .0000001 btc a day though.
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Hey newbie, if you don't know something you may want to use 'search' first before anything, and I believe on top of a costly graphics cards will also be high eletricicty charges
You can mine bitcoins! However you will have a huge start up cost.
Right now the only way to make money mining bitcoin is to mine using a ASIC. Heck, even then you might just make your ROI back and that's about it. They just cost a lot of money and there are tons of scams going on. Check Ebay to see how high the prices are on good ASICs
Like others have said look into mining a different coin based on Scrypt. Any of those coins will be ASIC resistant (for the moment) and dont require a huge amount of capital. Also, its a somewhat volatile market, so don't invest what your not willing to lose.
I don't know why you would want to start mining bit coins.. Just a bunch of waste of time. Try finding a different method with all the information on the forum, Im sure you can find a better one than mining bit coins.
Last edited by Birdz; 01-31-2014 at 02:32 AM.
Mine gold, much easier and probably a lot more profitable in the long run .
I just started mining on the web & have made 0.00000008 so far. I do have top Nvidia cards, although I'm not sure how to set it up. Any other Crytocurrencies accepted by major/online trusted retailers? Overstock started accepted bitcoin.
well first off as you can see from previous replies in this forum, the cost of the hardware is a lot. secondly, i've read a lot of reports about your ENERGY BILL going through the roof due to how much work your computer will be doing just to mine that .0000000001 of a bitcoin.
is it worth it? that's up to you, seeing as how the bitcoin rain shot up these past few months, it might be worth it but consider all the variables before jumping in. mining bitcoins is not a "no-investment" venture
It's not gonna happen unless you wanna drop $10k+ on a super computer. You'll lose money trying.
dont get into bitcoins mining now... buy the new trends like dogecoins they have a lot of potential
You could try sites like these and earn bitcoin for doing small tasks, way easier than mining http://bitcoinreward.net/ is highest paying one I know the rest are faucets, you can search google for "bitcoin faucet" but you have to put in alot of time to collect from each one for such a small reward.
dont go for btc now... invest in the new ones... do an analysis and then go ahead
And what about USB ASICs, whether it makes sense to start mining by them now?
The difficulty to mine BTC is quite high at the moment.. If you have deep pockets then you definitely need to be involved with BTC mining, there are substantial profits being made daily.
If not, you can try your hand with altcoins. There are dozens being released daily, and they are much easier to mine than btc.
Overall though, I tend to feel that there is very little profits to be had from mining altcoins. The real money is being made by altcoin traders rather than miners.
Mine altcoins, be there and have everything set up BEFORE the launch of a coin, pray to god the launch is successful, forget about the coins for a few months and trade them when the value has gone up (or faded from existence, which in that case, there won't be anywhere to trade it).
If you're lucky you're mining the next dark/aurora/cinnicoin or whatever. But for the most part you're mining shit.
Here you can see what you actually get for mining a specific coin:
Here is one of the forums you want to keep your eyes on:
It seems you're new to cryptocurrency so just take some time and read up on altcoins. Then decide if you want to continue down the mining road. There's another road where you trade between altcoins and bitcoin, predicting up and down's on value based on the latest bs rumors etc. Cryptsy or mintpal are the two main sites.
Hardware based mining is where you use ASIC to mine bitcoin by getting into a pool using your ASIC, there is a high cost of electricity involved
Cloud mining is where you purchase GHS in contract or no contract from another company and use their miners in turn to mine, cost involved could be pool fee or maintenance cost.