Quote from: fredyballz on October 04, 2014, 11:09:52 PM

I have stable electricity and I have enough to spend on the bills. How do I go about this? What hardware should I buy? And how do I start mining with it?

1/ Do the math. Work out the kW usage and costs of the various miners available, sticking with recommended manufacturers that gives you the best hash rate to power ratio
2/ Factor in the need for cooling. At the very least heat extraction from the server room.
3/ Factor in the various configurations of miners. Some come as complete units, others need a controller and/or proxy, and/or need a separate power supply.
4/ Factor in noise. The higher the hashing speed the more noisy the miners tend to be. Spondooley for example may make your lounge area unlivable. Noise will determine location on some machines, that and heat issues. Noise can also come from cooling if you are using extractors. Look at noise dampening tech for extractor fans, insulated ducting etc.
4/ Most of the more reputable manufacturers only accept bitcoin as payment, so if you intend to purchase a miner from them your first stop once deciding what you want to buy, is in most cases to buy some bitcoin. That means signing up an account with whatever service is selling/trading bitcoin, or if theres an ATM in your area or other means of acquiring bitcoin.
5/ Factor in import costs depending on which country you live in, or whether or not you are importing from overseas or purchasing within your country. Many countries have tax and import fees added at the border.
6/ Most reliable miners have How To's in the Hardware forum. Once you have your miners, search the hardware forum for the correlating miner and follow the setup instructions
7/ Sign up at a pool and point the mining addresses of your miners at the pool or pools
8/ Get a bitcoin wallet and withdraw any mined bitcoin to your wallet.
9/ Keep track of the difficulty @ http://nextdifficulty.com The difficulty typically rises about 5 to 15% every two weeks.
10/ Mine until the cost of mining meets the value of bitcoins mined ( probably within a month or two )
11/ Then join the rest of us in this forum who have become cynical and grumpy, and come moan about how fucked bitcoin mining is Wink

Good luck and see you back here in a couple of months.

taipo

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