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I just recently found out about the variants of BitCoin, and since the BitCoin is so hard to get your hands on without mining, what should I mine in the meantime? Or, should I just stick with BitCoin for now?
If cost of power isn't an issue should I mine Bitcoin?
Hello, It seems the general consensus is not to mine bitcoin anymore mainly due to the nature of power costing more than one can earn from mining bitcoin. I am in an position where the cost of electricity isn't an issue and I have several older computers (still decent, just old) that I was thinking it may be worthwhile to start mining bitcoins. So if you had a few old servers/desktops/computers lying around not doing anything (these are just standard computers...not ASIC rigs or anything) and power cost isn't an issue, is there any point in setting them up to mine bitcoin? Or has the ship completely sailed?
Should i mine bitcoin litecoin , feather coin etc or just buy them instead.
i wanted to know if i should mine these crypto currencies or if i should buy them. if you think i should mine could you please say witch coin and what hardware to use. i just wanted to know what would make me more money in the long term (about 3 months)
I have a relatively new gaming desktop that I am never using. Hos much would I approximately earn from bitcoin mining with it? How much electricity doesn't it consume? How often do I have to check up on it?
“Oy vey is it hot! I should just head back to the desert am I right? Anyways I have an investment lined up bubby. Have u heard of bitcoin? A close associate of mine Jon mcafee says 1 coin will be worth a mil in a year. So I say we start u out w/ a 10k initial Investment & then play it by ear.”
I have an intel core i7-7700T and a GeForce GTX 1070 8GB, LPX Vengance 2400MHz RAM, but I’m looking to upgrade everything later on.. what motherboard should I get? I’ve got a bad bitcoin mining motherboard and this stuff is the best it can handle (2400mhz and i7 max)
Freebitcoins is the currency of the future & free bitcoins is the largest cloud mining company on the market. We should together mine bitcoin with the best bitcoin cloud mining service which gives every day withdraws and most elevated security.
Bitcoin and Ethereum: In the current market, should I buy now or wait and start mining?
I currently have some disposable income each week I'm looking to invest, and I really believe in cryto's future. I should have around $200/week free on average from each paycheck going forward, and I'm trying to decide if I should just outright buy, or save and invest into a rig and/or ASIC and join a pool. I'm seeing a lot of speculation that both Bitcoin and Ethereum are poised to really start taking off again, and I'm one of those guys that really believes sometime soon that crypto is going to go massively mainstream. Either by a poor nation adopting Bitcoin as it's official currency, or when some tech giant begins pushing it. Right now, I'm really only interested in Bitcoin and Ethereum. I'm new to this, and I'd like to stick to the safest and most recognized coins for now. And yes, I realize it's entirely debatable what is and isn't "safe" and "recognized". All that said, what should I do? I like the idea of having hardware churning out a steady profit, but I'm worried that for the months I save for equipment, that money (let's say $2000) would have appreciated far faster if I had simply bought crypto. But I also know I don't have the firmest grasp on how difficulty increases over time, and if an explosion in value would make my newly bought mining rig obsolete and never able to reach a return. I've only found one older thread asking a similar question, and it had a good deal of snarky "yeah totally buy so the difficulty for me doesn't go up!" type replies. I really hope I can avoid that.
How much Bitcoin should you buy? As pointed out earlier, Bitcoin is a highly speculative asset and you should never invest more money that you can afford to lose. Instead of getting into Bitcoin with the mentality to “make money quickly”, think of Bitcoin like another asset in a wider portfolio. The more computing power, the more bitcoin you will mine. The lower the energy consumption the lower your monthly costs. When choosing which machine to invest in, miners should think about the machine’s profitability and longevity. Incidentally, Bitcoin Cash and Bitcoin SV underwent their own halvings in 2020 without significant changes to market value. Those trends should not be generalized to Bitcoin. Joining a Mining Pool. It is no longer practical to “solo mine” BTC. Instead, those looking to mine will need to join a pool. 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 Should I Mine Bitcoin? Since the middle of the decade, interest in cryptocurrencies such as Bitcoin and Litecoin has rapidly surged. Likewise, the price of a single Bitcoin has risen from about $300.00 US in 2015 to over $20,000 US per coin in December of 2017, dropping to today's $8,900 US per coin.
Bitcoin mining 2020 (The basics of how to mine bitcoin)
What Do YOU Need to MINE ONE BITCOIN In 2020?! - Duration: 13:38. VoskCoin 363,668 views. 13:38. Bitcoin Trading in Pakistan Kaiseh Karteh Hain? Financial Education Video - Duration: 18:21. Mining bitcoin is very popular because it is an easy way to earn money online. The concept of mining cryptocurrencies is that computers have to process an equation to verify bitcoin transactions ... Cryptocurrency Mining is a fun thing to get into so in this guide, we explain what to expect when you start mining and how much money can you make mining cryptocurrency. Timestamps: 0:00 - How did ... Indicators on Beginner´s guide to mining Bitcoins: How to mine Bitcoin step You Should Know Here are 3 actions to assist you begin utilizing Bitcoin Cash right now: A Bitcoin wallet is an app or ... A somewhat in depth look at what BitCoin mining actually is: More Information on Bitcoin Mining and we are building up to getting your own BitCoin miners setup so you can start mining! Link Dump!