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how to mine bitcoins?

Discussion in 'Hire a Freelancer' started by dangerboy121, May 9, 2015.

  1. dangerboy121

    dangerboy121 Registered Member

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    at the beginnig i want to apologize to post in this forum, i am new and need some help
    so, i started reading about bitcoins and bitcoin MINING and decided to launch the path
    i saw one video about mining using a rasberry pi
    so i just want to ask you
    is bitcoin mining reliable?
    and do you recommend it to me as a beginner?
     
  2. Dr Byte

    Dr Byte Junior Member

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    I absolutely don't recommend it. Mining has become extremely difficult during these days because the hardware is getting better each day. You wouldn't achieve good results with a raspberry pi.
     
  3. DrFreemna

    DrFreemna Registered Member

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    Those videos you saw were only demonstrations. You could, technically, build mining rig from raspberries, but it wont bring you any money. There are specialized ASIC miners out there, but even with specialized hardware you need to invest substantial amount of money in order to be profitable (electricity bills).
     
  4. cool.dude123

    cool.dude123 Senior Member

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    right now in most places even with the most efficient mining rigs you will not be making enough money in bitcoin to pay for the electricity you use, then on top of that you have to somehow make enough money to pay off the rig you purchased and only after that can you make a profit. but the longer you are mining for the less and less you get in return as the difficulty goes up.
     
  5. YourMoneyButton

    YourMoneyButton Senior Member

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    First step would be to fire up your time machine.
     
  6. intruderj

    intruderj Junior Member

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    I wouldn't consider it a reliable consistent income source. Mining BTC with software on your PC will get you no where so you eventually will have to invest in Hardware ASIC Miners. And, high end miners cost around $6k-12k. If you're going to buy a low-end miner it wouldn't pay for itself any soon.
     
  7. PHPInjected

    PHPInjected Elite Member

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    Takes money to make money with bitcoins. It is a very large investment. You need the machine (custom built computer with a server) and then you need the mining software.
     
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  8. AboveAll

    AboveAll Junior Member

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    Better invest the money for mining bitcoins into websites. You will have way better ROI, even counting the fails, in most cases.
     
  9. dangerboy121

    dangerboy121 Registered Member

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    big thanks for all
     
  10. SEOking222

    SEOking222 Jr. VIP Jr. VIP

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    Agreed with mate...