Quote from: ThomasMuller on February 09, 2014, 04:11:47 PM

Quote from: gw3gon on February 09, 2014, 02:30:00 PM

Yo.
I'm a 16 year old kid and I want to start mining. Right now, I have no GPU and some crappy dual core CPU. I have heard about the Bitforce Jalapenos and I was thinking perhaps they would be best. I'm not in it to make thousands, maybe just for a bit of pocket money- like I hope to make at least $100 a month. Budget on equipment- $500

On a side note, could there be an instance where something terrible happens like some famous BitCoin guy get's arrested and everything is shutdown or the value of bitcoins drop beyond any foreseeable range where it can't pick itself back up?
Any advice would be appreciated!

Based on my reading there is nothing you can do with this kind of budget to make $100/month on a GPU. You would have to invest in an ASIC rig and the lowest cost I found is $274 for 5 GH/s but I don't think this is enough to stay competitive. Mining is turning into a game for big boys with lots of cash.

here is the link:
https://products.butterflylabs.com/homepage/5-gh-s-bitcoin-miner.html

Let me know if you find something else.

Good luck!
TM

worst advice ever is to sugest anyone to buy from butterfly labs!!!

second thing, right now 5gh is worthless!
hell, you need at least 200gh to start mining.

one more thing you are forgetting, there is no constant income from mining.
your miner is earning less and less with every difficulty jump and you need to invest in new mining gear to keep your income stable and constant.

sorry bro, just forget about it.
even if you have good faith in all this, it is pointless to try anything with $500 budget.