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Showing 4 of 4 results by 2PMintheAM
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Board Mining speculation
Re: Brand New to Bitcoin Mining - Will $600 cut it?
by
2PMintheAM
on 22/03/2015, 08:21:20 UTC
What price is your electricity?  It is one big factor in if your make a profit.

Is there a website that will tell me this based on my Zip-Code? I don't mind sharing my Zip, it's 80130.

Post
Topic
Board Mining speculation
Re: Brand New to Bitcoin Mining - Will $600 cut it?
by
2PMintheAM
on 22/03/2015, 05:20:21 UTC
I'm picking up used Antminer S3's on ebay,about $125+ shipping.Most can be underclocked later,be sure to ask about the underclocking,I hear some can't be  Wink

So how doe sit work if I invest in several of Antminer S3's?

Do I connect it to my desktop somehow?
Does it have an Operating System?

How do I buy one of those, open the box, and start mining bitcoins?

Just need a router with enough ethernet ports & ethernet cables,or a switch.You connect to them via a browser,IE or firefox,by typeing in the IP of the miner on your network.

Each miner you assign a different IP like: 192.168.1.100-150.

Read this  Wink

https://bitcointalk.org/index.php?topic=671189.0

I appreciate the reply.. really! I understand questions from noobs can sometimes just be painfully annoying, thank you for taking time out of your day to leave me a response d:

I sent you a PM aswell d:
Post
Topic
Board Mining speculation
Re: Brand New to Bitcoin Mining - Will $600 cut it?
by
2PMintheAM
on 22/03/2015, 05:05:44 UTC
I'm picking up used Antminer S3's on ebay,about $125+ shipping.Most can be underclocked later,be sure to ask about the underclocking,I hear some can't be  Wink

So how doe sit work if I invest in several of Antminer S3's?

Do I connect it to my desktop somehow?
Does it have an Operating System?

How do I buy one of those, open the box, and start mining bitcoins?
Post
Topic
Board Mining speculation
Topic OP
Brand New to Bitcoin Mining - Will $600 cut it?
by
2PMintheAM
on 22/03/2015, 04:52:51 UTC
As you can infer by the title, I am a Bitcoin mining noob... but the concept interests me. I've watched many YouTube videos, and attempted to find beginner help, but I'm at a point where I feel like I need to ask specific questions to learn more! (: I'm very interested in learning more.

To keep this short.. I have $600 I can invest entirely to Bitcoin mining at this moment. I currently don't mine, this is the first day I've really taken a look into what mining even is.

So be honest with me, with $600, can I somehow invest in hardware, or a cloud service, or something else, to profit? Is $600 too low to start profiting, should I bank the $600 and build up to maybe.. $2000 before making my initial purchase in hardware?

If $600 will work, and be profitable for me, where do I go now that I have $600? Very new to all this, all I really know is mining with a GPU in my basic desktop PC will only lose me money, it's all about ASIC's (did I mix the letters up? You know what I mean d:).

So Basically:

If you had $600, and never mined before, what would you do? Buy specific hardware, maybe cloud services, or save it because $600 won't do anything.

Thanks!