Getting started with Bitcoin mining

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
[link]

BitcoinPrivate

[link]

Mining Fedoracoin

The subreddit for all things to do with mining fedoracoin.
[link]

Getting Started With Bitcoin Mining: a Brief Guide

Getting Started With Bitcoin Mining: a Brief Guide submitted by dreamcreators to u/dreamcreators [link] [comments]

Getting Started with Bitcoin Mining

Getting Started with Bitcoin Mining submitted by bitcoinmoneynews to BitcoinMining [link] [comments]

Bitcoin Mining Guide - Getting started with Bitcoin mining

Bitcoin Mining Guide - Getting started with Bitcoin mining submitted by thanhtranapp56 to makemoneyguides [link] [comments]

01-04 19:33 - 'Getting Started with Bitcoin Mining' (bitcoinmoneynews.com) by /u/bitcoinmoneynews removed from /r/Bitcoin within 14-24min

Getting Started with Bitcoin Mining
Go1dfish undelete link
unreddit undelete link
Author: bitcoinmoneynews
submitted by removalbot to removalbot [link] [comments]

Getting Started with Bitcoin Mining

Getting Started with Bitcoin Mining submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Getting started with Bitcoin mining

submitted by mokadem32 to BTCgreece [link] [comments]

Getting Started with Bitcoin Mining

Hi I recently got into bitcoin and heard about GUIMiner I set up an account and everything but dont know how to get it to work I read I need an opencl for my video card to make it work but now sure how to go about that.
submitted by FoxHound777 to BitcoinMining [link] [comments]

Getting Started with Bitcoin Mining

Getting Started with Bitcoin Mining submitted by impostervt to Bitcoin [link] [comments]

The Honeyminer, Good To Get Started With Bitcoin Mining on ANY PC!

The Honeyminer, Good To Get Started With Bitcoin Mining on ANY PC! submitted by Rufflenator to 3bitcoins [link] [comments]

The Honeyminer, Good To Get Started With Bitcoin Mining on ANY PC!

The Honeyminer, Good To Get Started With Bitcoin Mining on ANY PC! submitted by ososru to Bitcoin4free [link] [comments]

How do I actually get started with Bitcoin mining?

submitted by Drakothaa to NoStupidQuestions [link] [comments]

What do you need to get started with bitcoin mining? /r/BitcoinMining

What do you need to get started with bitcoin mining? /BitcoinMining submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What do you need to get started with bitcoin mining?

Hay guys! I have always thought the idea of bitcoin mining is cool(Ever since I watched a YouTube named Barnacles Nerdgasum start it)
I would really like to start mining and I am willing to invest some money into it, but I am not really sure where to start. Like what all do I need to do it?
Like I said, I am willing to invest some money in buying equipment, but I do want to make sure I make a return / profit from this as well.
submitted by MrMonteCristo to BitcoinMining [link] [comments]

How do I get started with Bitcoin mining?

I know what bitcoins are but I have no idea how to mine them.
submitted by sobermonkey to Bitcoin [link] [comments]

Guide on how to get started with Bitcoin Mining

Guide on how to get started with Bitcoin Mining submitted by friendlyfbi to BitcoinMining [link] [comments]

https://www.genesis-mining.com/a/2635282. Bitcoin is the currency of the future & Genesis Mining is the largest cloud mining company on the market. Mine bitcoin through the cloud, get started today, make a free account, and get 3% discount on any purchases with the promo code kLKOW0

https://www.genesis-mining.com/a/2635282. Bitcoin is the currency of the future & Genesis Mining is the largest cloud mining company on the market. Mine bitcoin through the cloud, get started today, make a free account, and get 3% discount on any purchases with the promo code kLKOW0
submitted by johnknight3434 to u/johnknight3434 [link] [comments]

BROWSER WITH BUILT-IN MINING The easiest way to earn Bitcoins? Just change your browser to CryptoTab and receive payments to your balance every 10 minutes. You will get BTC for simply using it, even if just having CryptoTab browser window open. It takes less than 1 minute to start earning

BROWSER WITH BUILT-IN MINING The easiest way to earn Bitcoins? Just change your browser to CryptoTab and receive payments to your balance every 10 minutes. You will get BTC for simply using it, even if just having CryptoTab browser window open. It takes less than 1 minute to start earning submitted by fadhels19 to BitcoinMining [link] [comments]

08-25 21:23 - 'I just started mining with my MacBook Air on Honeyminer, and in 10 hours I've made about $0.21 in BTC. So, the short answer is you're not getting rich using a basic laptop setup... those days are long gone. But by doing thi...' by /u/hiker2mtn removed from /r/Bitcoin within 105-115min

'''
I just started mining with my MacBook Air on Honeyminer, and in 10 hours I've made about $0.21 in BTC. So, the short answer is you're not getting rich using a basic laptop setup... those days are long gone. But by doing this, we're helping secure the system, and stacking a few sats for ourselves in the interim. $0.21 is 2100 sats at a $10k BTC pricing.
Honeyminer automatically decides which coin is most profitable to mine, and uses your CPU & GPU to mine them, then pays you out in BTC. It's a good system, especially for those without the wherewithal to get deep into the technicals of mining.
If you wanna get started, here's my referral code. Helps us both if you use it.
[link]1
I don't recommend "buying the hashrate" from them, as it's not a profitable investment at this time. In other words, you're predicted to pay more for the server time than you'll earn back over the length of the contract. That may change within the next few days or weeks, however, so keep checking back.
EDIT: On the positive side, a laptop isn't going to set off any alarms for electricity usage, so no one is going to know or give a shit.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: hiker2mtn
1: ho*eymi**r.com/r*fe*red/*bng*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Getting Started New about Bitcoin Mining BTC with a prepaid debit card?

Guess what I'm trying to understand bitcoin but still I have a firm grasp on what's going on. Or maybe I should start with where can I get a feeling like I still don't know much about these BitCoins. What prevents him from doing this?** Is there a site where one can buy and sell ? Hi, everyone!
submitted by This_Blackberry to ProjectOblio [link] [comments]

Is Cloud Mining More Profitable than Bitcoin Mining Hardware?

Getting started with bitcoin mining can be a difficult process for many. For example, you must consider things like the specific algorithm used by the Proof-of-Work cryptocurrency you want to mine. Additionally, bitcoin mining hardware can cost thousands or even tens of thousands of dollars. With all of these challenges it might be a good idea to look at alternative ways to gain cryptocurrency profits, but is cloud mining a legit, more profitable option in the long-run? In this article, we’ll compare these two possible options so you can make a more informed decision.
Costs of Bitcoin Mining Hardware
As discussed in this post, bitcoin mining hardware generally requires a substantial upfront financial commitment on the part of miners. First, it’s important to consider how much mining rigs cost. This not only depends on the cryptocurrency which you are aiming to mine but also how expansive and powerful your mining operation needs to be.
First, let’s consider hardware costs. If you want to mine BTC, for example, you’ll most likely need an ASIC mining rig. These are typically much more expensive compared to GPU and CPU mining rigs. Despite their potential to mine at much faster hash rates, ASIC mining rigs often face scrutiny for the fact that they cannot be repurposed. This means that, if a cryptocurrency project makes changes to their hash algorithms, ASIC miners will have to buy new gear. This can lead to some significant costs that can easily negate revenues and even lead to net investment losses.
In contrast, GPU and CPU mining gear can generally be repurposed if algorithm changes occur. In addition, these rigs are usually much less than their ASIC counterparts. Additionally, more projects are continuing to trend towards ASIC-resistance rather than ASIC-acceptance. For most miners, this means an overall reduction in both upfront and ongoing costs.
While having one mining rig might be a good first step to see if you can indeed become profitable, many people start out with more rigs to have a multiplier effect. However, even with rising prices, starting with multiple rigs should be done cautiously as each additional rig will likely add to the number of months it takes to make back your initial investment.
Of course, other factors like electric bill costs have to be considered. These vary by geographic area, making it difficult to put a precise amount on how much money is needed for keeping hardware rigs operations.
Costs of IT Cloud Mining
In comparison to hardware mining, costs for IT cloud mining are much simpler to calculate. Most companies run on a monthly subscription model that is determined by the cryptocurrency you want to mine and the hash rate speeds as seen on popular sites like Genesis Mining and HashFlare.
Prices for 2-year contracts of ETH mining with Genesis Mining currently vary from $1,520 at 40 MH/s to $12,960 at 360 MH/s.
HashFlare offers 1-year contracts of ETH mining for $1.80 per 100 KH/s.
Make sure to read reviews and check out projected ROI on any cloud mining service. The fact is that there are many services with extremely low profitability and even some which are known scams. Luckily, there are a few guides available on the best ways to identify potential cloud mining scams.
Hardware Mining ROI
Even though there is no way to say for certain how long it will take to break even on investments in hardware mining equipment or cloud mining, it’s still crucial to do research on estimated time frames. According to most miners, it’s difficult to expect to become profitable within 3 to 6 months. 10-15 months is realistic for many, though. A lot depends on crypto prices, electric costs, and the type of mining rig you use. Nicehash provides a good calculator for determining this.
IT Cloud Mining ROI
Based on information from Reddit forums, reviews, and ROI calculators, it is clear to see that cloud mining isn’t all that popular or profitable. For example, as of May 30, 2018, HashFlare Scrypt and SHA-256 currently take 3,828 and 3,983 days (or a little over 10 years) to reach ROI on BTC respectively according to this calculator from Coinstaker. Genesis Mining for ETH has an even worse ROI, taking around 25,992 days (70+ years). In both cases, it’s difficult to justify cloud mining over hardware mining.
The problem with keeping a subscription for cloud mining is that it can be difficult to keep paying monthly even in bear markets. These stats could certainly improve if we see a massive bull run as seen in December 2017; however, it can be pretty difficult to predict when a bull market will begin and end.
Compare this to using bitcoin mining hardware, and the choice is a bit more obvious. That’s because, even if the market is bear, most costs are upfront and not recurring. Sure, there are costs like electric bills to consider with hardware mining, but there are several locations throughout the world where energy consumption is very cheap and hardware mining is legal, making it a clearly more profitable option than cloud mining even in bear markets.
Conclusion
Despite the high upfront costs, the consensus is that bitcoin mining hardware remains much more profitable than cloud mining. Possibly the biggest benefit of cloud mining is its overall ease-of-use since it requires no difficult hardware installation and avoids potentially unpredictable electric costs. However, most in the cryptocurrency community would agree that if you can’t start a hardware mining operation, it’s probably best to make profits through trading rather than going the cloud mining route.
submitted by SwitchKanun to hashflareinfo [link] [comments]

Getting started with Hashflare Bitcoin Mining

Getting started with Hashflare Bitcoin Mining submitted by Rockforced to CryptoCurrency [link] [comments]

Bitcoin: Complete Guide To Bitcoin. Understand everything from getting started with bitcoin, sending and receiving bitcoin to mining bitcoin by Mark Gates

Bitcoin: Complete Guide To Bitcoin. Understand everything from getting started with bitcoin, sending and receiving bitcoin to mining bitcoin by Mark Gates submitted by kimme to FreeEBOOKS [link] [comments]

How to start Bitcoin mining for beginners (SUPER EASY ... Getting Started with Bitcoin Mining City Bitcoin Mining How to get started Full ... Bitcoin mining with Bitmain Antminer S9 - how to get started? How to Mine Bitcoins Using Your Own Computer - YouTube

Getting started with Bitcoin. Using Bitcoin to transact is easy and accessible to everyone. How to use Bitcoin How to accept Bitcoin. How to use Bitcoin. Inform yourself. Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid ... Mining Bitcoins is an essentially risky endeavor, and you need to be well aware of the risks and potential rewards before entering. The good news is that there are a number of low-risk methods to get started, so get your facts straight first. First, it’s important to consider the right environment for getting started with Bitcoin mining. Step 1 - Get The Best Bitcoin Mining Hardware. Purchasing Bitcoins - In some cases, you may need to purchase mining hardware with bitcoins. Today, you can purchase most hardware on Amazon.You also may want to check the bitcoin charts. How To Start Bitcoin Mining. To begin mining bitcoins, you'll need to acquire bitcoin mining hardware.In the early days of bitcoin, it was possible to mine with ... While Bitcoin mining involves computers and computations, it’s not so simple as installing a program on your home computer and getting started anymore. Successful Bitcoin mining has turned into a big business involving lots of players and mining hardware. That said, the individual or small group can mine Bitcoin still, but it takes some work. There are several motivations for mining Bitcoin. Bitcoin mining is competitive and the goal is that you want to solve or “find” a block before anyone else’s miner does. Then you will get the block reward and transaction fees from the block. During the last several years we have seen an incredible amount of hashrate coming online which made it harder to have enough hashrate personally (individually) to solve a block, thus getting the ...

[index] [5351] [3648] [896] [411] [1984] [663] [3928] [3737] [3429] [3163]

How to start Bitcoin mining for beginners (SUPER EASY ...

Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X IMPORTANT!! This method only illustrates how mining works. You will not make any money f... What is Bitcoin? Bitcoin is the first cryptocurrency that entered the scene in 2009. Well the next question would also be what are cryptocurrencies ? Lets st... Rihards will explain, how to check your Antminer S9, set up wallet and how to configure it and get it connected to BTC.com mining pool. Antminer S9 at Power ... Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. This video will show you how to start bitcoin mining from home. It's very easy and "free" to do if you have a gaming PC. *****...

#