Bitcoin Beginner

Status
Not open for further replies.
iamdeadat2017

iamdeadat2017

Regular Member
Joined
May 13, 2016
Messages
277
Reaction score
56
Hey guys....
I want to have own Bitcoin Wallet and start mining.
Please guide me through
Thanks in advance
 
Advertise on BHW
U can creat Bitcoin Wallet on Blockchain or bitcoin (dot) com.
U can minning on bitcoin (dot) com, that good but now have not life time pakage
 
do search on google and create a bitcoin wallet on blockchain also for trading there are many sites
 
Quickest way to purchase bitcoin is with a credit card. Coinbase, bitstamp, and some other exchanges will accept credit card payments. All exchanges accept bank deposits as payment as well. (DM me if you want a link for a free $10 in BTC when you purchase)

You'll have to open an account on one of the bitcoin exchanges, and send them several pieces of identification. It's like opening a bank account.

Once you've purchased some bitcoin, it will be sitting on your online exchange wallet. It's best to transfer those funds offline to either a paper wallet, an external wallet, an app wallet, or a wallet that sits on your computer. I personally prefer Bread wallet and Jaxx wallet.

I think that's basically it. Just keep in mind there's always a purchase fee as well as transaction fees when you move bitcoin around.... and make sure to write down your private key and store it well
 
MillieNelson said:
do search on google and create a bitcoin wallet on blockchain also for trading there are many sites
Click to expand...
actually i searched in google .but i lack trust in sites.for which i posted this thread
 
It's definitely wise to be weary and concerned. The currency exchanges aren't to be trusted, when it comes to storing and saving your bitcoin.

I believe it is safe to purchase and sell bitcoin through the exchanges. They aren't allowed to rip people off by not delivering the bitcoin after the purchase.
 
You won't be profitable mining Bitcoin in such a late stage. Sorry, you're too late to the party. You would have to invest thousands of dollars up front for high end equipment and you need very cheap power costs to become profitable. If you have thousands of dollars to invest, just buy and hold instead.

If you need a decent Bitcoin wallet, download Exodus. It is stored on your computer, but they have backup measures in place so you can recover if your computer becomes unusable. Personally, I have the Ledger nano S. This is a hardware wallet, which is way safer than storing it on a computer or any type of online wallet. If you can afford it, get a hardware wallet as soon as you can. Ledger nano s and Trezor are good ones.
 
Beats said:
You won't be profitable mining Bitcoin in such a late stage. Sorry, you're too late to the party. You would have to invest thousands of dollars up front for high end equipment and you need very cheap power costs to become profitable. If you have thousands of dollars to invest, just buy and hold instead.

If you need a decent Bitcoin wallet, download Exodus. It is stored on your computer, but they have backup measures in place so you can recover if your computer becomes unusable. Personally, I have the Ledger nano S. This is a hardware wallet, which is way safer than storing it on a computer or any type of online wallet. If you can afford it, get a hardware wallet as soon as you can. Ledger nano s and Trezor are good ones.
Click to expand...

lol man, 2 peaces of L3+ miners gets 1200€ per month in earning with NiceHash. And 2 miners cost ~4000$, so in 3.5months you get your money back and earn 1200$.
 
tehnikumapuika said:
lol man, 2 peaces of L3+ miners gets 1200€ per month in earning with NiceHash. And 2 miners cost ~4000$, so in 3.5months you get your money back and earn 1200$.
Click to expand...

Yea but 4 months ago you could have bought Bitcoin at around $2500. If you put $4000 into Bitcoin that would be 1.6 Bitcoin. At a current price of $7,000 that would be a total value of $11,200. Mining will also be harder to get profitable over time with halving. But if it works for you then great.
 
Beats said:
Yea but 4 months ago you could have bought Bitcoin at around $2500. If you put $4000 into Bitcoin that would be 1.6 Bitcoin. At a current price of $7,000 that would be a total value of $11,200. Mining will also be harder to get profitable over time with halving. But if it works for you then great.
Click to expand...

if the bitcoin price is exploding sure mining is getting more profitable again.......
 
Beats said:
Yea but 4 months ago you could have bought Bitcoin at around $2500. If you put $4000 into Bitcoin that would be 1.6 Bitcoin. At a current price of $7,000 that would be a total value of $11,200. Mining will also be harder to get profitable over time with halving. But if it works for you then great.
Click to expand...
but did you know that price will go up? no. After payin everything back you can save 1200$ doing nothing. 4 miners - 2400$ etc. Without a chance to lose money :)
 
Saw some informative replies :), none of them from staff or Vips.
And 0 Troll,Serious People are here in CryptoCurrency!
Good going BHW
 
The only way that you can be profitable is mining a Country with very cheap energy cost. Venezuela is an option if you have a friend there and he is not very afraid to go to the jail. :)
 
Loosdanger said:
The only way that you can be profitable is mining a Country with very cheap energy cost. Venezuela is an option if you have a friend there and he is not very afraid to go to the jail. :)
Click to expand...
venezuela has cheap energy cost !! how much per 1 KW ??
 
abdel007 said:
venezuela has cheap energy cost !! how much per 1 KW ??
Click to expand...

My friend im from there (Not living there on this moment), The cost of the energy is nothing.

Almost Free.

Believe me.

Principal Problems.

The energy use to have some troubles, The internet connection is very slow, Mining is illegal.

So you are going to pay some people (The minimum wage is something like 10 USD per month.) to have the equipment in some different houses to avoid the excessive energy consumption in one place.

If you want to go on this adventure I can guide you and help you with some people in Venezuela that may accept the risk.
 
Beats said:
Personally, I have the Ledger nano S. This is a hardware wallet, which is way safer than storing it on a computer or any type of online wallet. If you can afford it, get a hardware wallet as soon as you can. Ledger nano s and Trezor are good ones.
Click to expand...

Wow, thank you for this information. I didn't know about hardware wallets so far.
 
Advertise on BHW
Status
Not open for further replies.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Media Downloads

Marketplace

Account Selling Content / Copywriting EBooks / Methods Hosting Misc Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design More

Making Money

Affiliate Programs Hire a Freelancer IM Journeys Making Money Pay Per Click Site Flipping Want to Buy

BlackHat World

Dispute Resolution Forum Suggestions & Feedback Introductions Lounge
Back
Top