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Old 05-12-2015, 07:47 AM   #1 (permalink)
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Question Bitcoin mining

Hi all. I'm farely new to all this Bitcoin stuff. I have the software and a pool, but I don't really know if I'm doing something wrong since nothing happens. So i have a couple of questions, I really hope someone will help my out with

Is it possible to mine directly from your computer, or do you need some extra hardware? And if so is it possible to put a link to the cheapest mining hardware for a beginner?

Is it possible if someone could show/write how I get it all ready, with both the mining itself and transfering to/from my Bitcoin wallet?

And can a Raspberry Pi model 2+ (Cluster) be used for mining?

Thanks in advance

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Old 05-12-2015, 08:33 AM   #2 (permalink)
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Default Re: Bitcoin mining

It mostly involves one or several graphic cards, preferably an AMD card.
They do make bit mining hardware just for bit mining

How to:
How to set up a bitcoin miner - CoinDesk

Bitcoin Profitability Calculator | Beginner's Guide to Mining Bitcoin

You need to figure out your electric rate you pay your energy provider vs. the amount of bit coins you can produce, if you do not want to spend more in your cost of electricity than what you can earn in bit coin

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Old 05-12-2015, 12:34 PM   #3 (permalink)
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Default Re: Bitcoin mining

Okay, thank you very much!
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Old 05-12-2015, 03:51 PM   #4 (permalink)
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Default Re: Bitcoin mining

Be very careful about cost of power vs bitcoins produced.
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Old 05-12-2015, 04:00 PM   #5 (permalink)
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Default Re: Bitcoin mining

Seriously should look into specialized mining hardware and try to stay away from CPU/GPU setups if possible...
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Old 05-12-2015, 06:25 PM   #6 (permalink)
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Default Re: Bitcoin mining

IMO mining isn't worth the cost in electricity right now.
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Old 05-12-2015, 06:27 PM   #7 (permalink)
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Default Re: Bitcoin mining

Makes me wish I would have mined while I was in college in the dorms - free electricity!
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Old 05-12-2015, 07:39 PM   #8 (permalink)
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Default Re: Bitcoin mining

ASIC Miners use less power but they ain't cheap
Top Bitcoin ASIC Miners Comparison Chart: Bitcoin Mining Hardware
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Old 05-12-2015, 08:06 PM   #9 (permalink)
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Default Re: Bitcoin mining

Pretty much everyone has mentioned what I would of mentioned. If you get free Electricity by any chance your home free with the return. Mining hardware is expensive and I mean expensive, I was looking at set ups from 1.500 + upwards then you have the consent change in the markets of the currency Vs. the likes of Paper currency we know and most of use everyday. Also mining Bit Coins isn't hack proof as its all ready been done; aka, being hacked.
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Old 05-13-2015, 05:41 AM   #10 (permalink)
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Default Re: Bitcoin mining

I've done some research, and found a device for Bitcoin mining (please note that I'm only doing it as a hobby for now). Is that an okay device, or should I find something else?


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bitcoin, hardware, mining

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