Hello i just found out a bout bitcoin mining few days ago and i want to get into it, did alot of research about the whole thing, but i think theres plenty more of stuff that i need to know, so thats why im here. I was checking out this site called "nicehash" and soon realised that it needs a higher first investment to actually profit from it so i was wondering if any of you could recommend a legitimate and easy to use hashing site for a begginer, thank you.
Hello Simonas!First of all, Im really glad that we still can spot more and more people joining our bitcoin community ( which is already not so small ).
You got into bitcoin: that is really great indeed, but in my opinion you should educate yourself as much as possible, before spending any cash on it.
Is mining a great opportunity?
It was.6-7 years ago, or slightly less, around 5 years ago if you had enough funds for starting.
Bitcoin mining is a still good business, but the difficulty of blocks + the amount of people already in the game makes it unrealistic to gain profits with small investment.
If you are really up to mining- I would rather go with different cryptocurrencies, altcoins. It is not an easy thing, but you can gain more advantage than in bitcoin mining.
Good luck with your education, I hope we will see you more at bitcointalk.org
Hello Yuuto,
Good suggestion,
Which altcoins do you suggest. Which altcoins are stable enough and worth mining and what are the expected growth targets. I found GCcoin has some scope. Can anyone enlighten. I am a newbie too.
Regards and
Thanks in advance.
At the very beginning I would relate to Dudeperfect, he is absolutely right that these days, mining bitcoin only by yourself (individually) without enormous investment size
Is rather a bad idea, or just a waste of time and resources. You should make calculations first.
Answering your questions about what alts are stable and worth mining is pretty tough task for me because
1) im not into mining at all
2) im not tracking alts, I usually just stick to bitcoin.
So my opinion isn't really helpful for you, but you may go to altcoins mining threads for more help
Regards.