[Guide] Cryptocurrency Mining For Noobs

[zionbar]

so basically if I steal electricity from my neighbor im making a ton of money without expenses? interesting....

Hi thanks a lot for the post mate, was a very interesting read!!

 

[Deleted member 969102]

so basically if I steal electricity from my neighbor im making a ton of money without expenses? interesting....

Hi thanks a lot for the post mate, was a very interesting read!!

There are some people who have electricity included in their rent, but that’s unethical IMO.

 

[hotguy640]

thanks alot for these post. i have already started my mining rig.. and also ordered rx 580

 

[Testnickname123]

That's pretty nice guide. I'm using Mac so it's a bit harder for me to mine. Where do you suggest to start trading, what websites? I don't wanna sign up for some new ones that will disappear overnight.

I use poloniex and exmo.
Exmo is my newest pick.

Thanks for sharing, here are my questions;
1:- How do someone get each coin mining software?
2:- Can I mine with amazon vps without using any graphics card?

Search in google cloud mining. Its very popular right now if you dont want to buy physical mining machine!

Just curious with the expensive option you mention, how much power(mh/s) can produce?

If you buy $5000 worth mining machine with 12x gtx 1060 6GB you will get 275mh/s its worth right now ~$1000 month - $200 electricity

 

[Jhon92]

A2Z!Nice post

 

[bartosimpsonio]

Damn. One of the finest posts in BHW. I missed this one somehow when it was posted. Great post OP! Makes me want to start mining too.

 

[ScribScribScrib]

Reading hasa's posts is one of the things that makes coming here worthwhile +1

 

[Adonno]

i have a questions a noob one i think, can we only mine BTC? how about other altcoins can we mine them too?

 

[ScribScribScrib]

i have a questions a noob one i think, can we only mine BTC? how about other altcoins can we mine them too?

Nah man, in his guide he only mentions a site that pays out in btc regardless of what coin you're mining.
Head on to the official website or subreddit of a coin you're interested in, download their mining setup and you're good to go.

 

[Adonno]

Nah man, in his guide he only mentions a site that pays out in btc regardless of what coin you're mining.
Head on to the official website or subreddit of a coin you're interested in, download their mining setup and you're good to go.

Ah i see so it can be mine too thanks

 

[Deleted member 855230]

As requested by @Vapys

FINALLY A COMPUTER THAT CAN PLAY CRYSIS 3 ON 4K!

 

[Vapys]

Thank you so much for putting this together. So many questions that ppl ask are answered here in great detail.
Really appreciate the time you spent doing this at a strangers request.
This is what BHW is all about.

.

 

[marshallron]

I think solar panel is better option.

 

[Deleted member 969102]

I think solar panel is better option.

No, that’s a terrible idea.

If you have a 1kw rig, you’ll need 2x 1kw solar panels. One for the day time and another to store energy and use it in the night.

That’ll cost thousands and is just a terrible idea.

 

[Deleted member 969102]

Currently making 4-25x normal earnings mining Verge (XVG)

Good idea to switch over for a few days if anyone else is mining.

 

[littlewebdragon]

This is really really good read. I've just read it for 3rd time in full. Great job man! Thanks for taking time to put all of this together.

 

[littlewebdragon]

Currently making 4-25x normal earnings mining Verge (XVG)

Good idea to switch over for a few days if anyone else is mining.

Hey, I've read this like dozen times at least Have few questions if you don't mind, I just love 1st hand experience instead of some random blog post.

That guy VoskCoin is pretty straightforward, no BS from what I've seen and all on the ground stuff.

What are you mining these days? Heard quite a few good words on Musicoin few days ago or I've missed something.

Did you run any tests with Simple Mining? Any thoughts on that?

P.S.: This is not important at all, I'm not sure if it's some redirection or something all linked memories to Amazon seem to be SODIMM and all boards are DIMM

 

[Deleted member 969102]

That guy VoskCoin is pretty straightforward, no BS from what I've seen and all on the ground stuff.

Yeah. He is very knowledgeable and a channel actually committed to posting.

There are a few people making xx,xxx/day that have posted videos & articles but you get max 1-2 posts out of them, as they’re busy busy busy.

What are you mining these days? Heard quite a few good words on Musicoin few days ago or I've missed something.

Still seeing good profit with verge. Also mining Zcash and Zencash.

P.S.: This is not important at all, I'm not sure if it's some redirection or something all linked memories to Amazon seem to be SODIMM and all boards are DIMM

Amazon is cancer when it comes to parts. I ordered a PSU actually stocked by Amazon 6 months ago. It “went out of stock” suddenly as they opened a new sales page with a higher price, and they’re still “trying to find my order”

 

[Deleted member 969102]

Just went out to my server room for the first time in a month or so, as the latest Windows update messed something up, and I saw (well.. felt) that it was like 4 degrees in the room.

I know computers benefit from the cold but such a low temperature with conventional components kinda scared me so I closed some of the air vents off.

Also looking at moving back to NiceHash for a bit as Verge is dropping off.

 

[Alabamaa]

Electricity Cost: Electricity cost is a massive factor in the mining industry, as GPUs draw a massive amount. If you're not careful, and have a high electricity cost, it may not be worthwhile.

This is my problem.
Unfortunately electricity costs a lot in my country.
However, great guide