Hello. Sparky here, I've become interested in the Bitcoin world about 2 months ago. Thinking you have to pay for bitcoin changed last week when I found out you can create your own by mining.
The latest mining hardware looks fancy and definitely has a sticker price with it to boot. My question is. If you go out and just buy 10 of the new S7 miners and just run em on a rack in your garage 24/7, can that be profitable?
What does one need to know/understand how the mining process works. Is it just a simple plug and play of the mining equipment or do you need a phd in computer science to understand it all?