Getting Started with Mining Cryptocurrency

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hawk_5atMember
Posts: 1 · Reputation: 69
#1Dec 1, 2021, 10:49 AM
I know a bit about investing in Bitcoin and trading, but I've been curious about mining for a while now. The problem is, my knowledge about mining is pretty limited. What do I need to get started with mining Bitcoin or any other crypto? I'm also looking for info on the hardware, like what kind of computer or mining gear I should use. If anyone could share their personal experience with mining, that would be great. And on top of that, is mining still worth it these days?
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hodler2019Legendary
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#2Dec 2, 2021, 12:34 PM
if your power is cheap mining makes money. if your power is costly do not mine.
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darkguruHero Member
Posts: 849 · Reputation: 4147
#3Dec 4, 2021, 02:38 PM
For a start - browse the Forum for information before you ask. Odds are what you are looking for has already been asked and answered. In the case of your particular question, many many many times most recently here.
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Posts: 13 · Reputation: 200
#4Dec 4, 2021, 05:16 PM
yep, first of all you have to get a good electricity price and/or solar panels which can power your mining operation... If you have those, go for ASIC, if you don't you can still go for ASIC HOSTING providers, if you dont mind having your asic hosted on the other site of the world potentionally and if you find a reliable provider
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dave.falconFull Member
Posts: 163 · Reputation: 447
#5Dec 4, 2021, 11:10 PM
If you are a complete beginner, you should learn what Bitcoin mining is, and how it works, and this is widely available in several forum posts if you search for it, or if you want to know visually you can see several videos explaining it on yt, and usually I come to this channel for further stages: YT - RedPandaMining And, on the following site, you can also see several devices that you can use for mining, along with the benefits that can be obtained, but you have to match whether the electricity and maintenance costs are worth it or not for you, here: nicehash - profitability calculator & nicehash - mining hardware
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Posts: 24 · Reputation: 107
#6Dec 5, 2021, 03:35 AM
You have given a good path but I thought that if someone tells us, we will understand the matter faster because as long as we are watching, you can give us enough information about it, so I think it is a great improvement. But you have also done a good job of guiding us and this will give us enough information and the thread that is there will also raise many questions which will open up more avenues.
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