is mining afordable to start in your own house? - Page 2 - Mining - CryptoTalk.Org Jump to content
Tedx

is mining afordable to start in your own house?

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Mining starts with sufficient energy resources and also an internet network to be able to run your first mining, maintenance is also very important in protecting your mining to keep going, in using air conditioning equipment to stabilize your mining temperature remains good. Many tips for starting the first mining, I suggest to see videos on YouTube for how to install it in 2020.

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on an educational level to get an idea on how it works you can also start with your home computer even if it is not very powerful and you do not have a performing graphics card, you can only undermine cpu, only gpu or cpu + gpu, I recommend starting with some easy to mine coins like turtlecoin, ninjacoin, loki you can find more information here miningpoolstats


 

 

 

 
 
 

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On 12/18/2019 at 12:16 AM, Tedx said:

i need to know how to start mining

You can just do it at your home. You can buy several mining rigs (GPU). But did you know that mining requires deep knowledge? You also have to always update your knowledge. You need learn it by yourself and you will find mining is profitable.

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On 12/18/2019 at 1:16 AM, Tedx said:

i need to know how to start mining

Go search in youtube, you can really learn mining in that site. what to buy and how much would it cost you for buying that equipment so goodluck to your mining career mate.

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First of all you need to get some search in Google and Youtube and then you need to learn about the machine you need to buy for mining because there are many machine but all depend about your capacity.


 

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It's depends about electricity cost on your place and beside that there was some important factor, Where do you live? How about your country temperature? is that tropic or have 4 seasons if it has a low temperature not hot you can try to make a mining farm in your home, Buy ASIC Miners for bitcoin and VGA For ethereum and their algorithm, You can try to read some thread here https://bitcointalk.org/index.php?board=14.0

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He is expensive à little bit, because if you want to mine bitcoin in your house you need to provide a lot expensive equipments and powerful tools, don't waste your time on some useless things, because you will not earn enough money at all

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10 minutes ago, percii said:

Depends at the form of mining you need. In the occasion that it's miles GPU mining, why not. You'll utilize GPU to mine effects from domestic.

GPU mining or using a graphics card, certainly not too difficult to do it. And it is indeed very suitable for mining at home. Unless you want to do pool mining or group mining.

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i think the term affordable could have different lines in many countries because in first world the salaries are high so they can afford buying it but they cant afford the electricity needed for mining because it cost a lot but while in third world countries the electricity is cheap but the mining rig is expensive.

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Now as time is running out and we are facing many challenges as this happen in mining now its not profitable for every person as cost is rising for this and equipments are also not in reach for every person the home miner really has no chance to compete in challenging environment unless he has extremely low cost electercity its quite possible even big corporate miners found their profit under threat.

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Overall now to mining in your home is not profitable. I am already research in some home miner in my country, they prefer selling their hardware to gamers and for who have hobby in cryptocurrency. Their hardware is outdated so can't produce much Bitcoin now. They also not going to mining again. The era for mining in home is already stopped now.


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I do not recommend to start mining nowadays cause the cost of rigs and electricity now are too high and you will not earn anything and also there is another factor which is the difficulty of the mining 
I tried to mine before and the electricity bill was too high and i got negative income cause of this 
of course it was bad idea to mine Bitcoin may be another coins are better but also day after day the difficulty is increasing and so on 
try to learn trading but you need to learn and follow the expert cause you may lose your capital 

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No, I do not advise you to adopt this idea
Mining in the past yes it was profitable but now with the high difficulty of bitcoin mining it is expensive, unprofitable and not valid.

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It can be affordable if your countries electrical costs are low, but you have to be patient because might take long untill you start to get profit.

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Yes you can start mining at your own home but it very noise and require a high voltage of electricity and a cold location for the mining machines as well. I preferred you to not install mining machine at your home. it is very irritative and you could be bored as well 

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Of course can start the extraction from your house. You participate in an experienced and knowledgeable forum, and you will prepare yourself a computer with large RAM, and a good tool to exploit effectively.

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On 12/17/2019 at 6:16 PM, Tedx said:

i need to know how to start mining

That is a worthwhile decision and  asking so in a cryptocurrency forum is the right place for it. You can start learning by going over to the mining section where you'll see not just some materials for reading but also made contacts with resource persons that can put you through whenever you run into a brick wall. 


 

 

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On 12/17/2019 at 6:16 PM, Tedx said:

i need to know how to start mining

If you are not familliar with mining and IT, i suggest you to invest in cloud mining to save time and money. Some of them are online and legit since many years:

 

- Genesis-Mining

- Sesterce Mining

- Hashflare

- Eobot (not recommanded for newbies)

 

I made a topic in the "mining" section about my 8 GPU mining rig. Feel free to visit it.


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I don't think affordable for start from house because it is need more and more devices to do that and need strong hardware to get suitable profit and achieve 

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I am already said that I have no experience about mining. Because I don't like to work any mining site. 

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I not have much idea about mining because not doing mining.for mining you need powerful computer or electricity mining not profitable better to learn about trading and start trading.

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For mining cryptocurrency, you need to invest a lot of money. You have to build a super computer with higher configuration. You also need a faster internet connection and graphics card.Mining is not profitable. Trading is profitable. Because, for mining cryptocurrency, you need to invest a lot of money. You have to build a super computer with higher configuration.

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