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[highspeed]

Listening to various discussion here, related to mining and HYIP's, I understood that they are sites which both sooner or later become scams.
But, they also told me that if I wanted to work in real-mining, I should buy very expensive hardware, in addition to calculate a high consumption of electricity!
But then I ask: Which hardware I need and how much more or less should I spend to do the real-mining?
- Please, possibly, give me value expressed in Euro (€) or eventually also in US dollars ($) -
Thanks for your suggestions.

 

[BitcoinB]

Currently, you can choose to mine with a mining rig (multi GPUs) or an ASIC. I suggest you to chose an ASIC miner (more convenient + faster ROI). About the price, it start around $2000 if you want to do serious mining. If you invest an ASIC, you must chose in advance if you will produce Bitcoin or Altcoins.

- ASIC for Bitcoin: you can mine BTC/BCH/BSV/BCD.... These 4 coins are the most profitable. You will do it through a mining pool
- ASIC for Altcoins: I suggest you to chose an ASIC for ETHASH algorithm. ETH/ETC/CLO will be the best coin to mine. You can chose solo ining or pool mining.

Good luck!

 

[microunit]

To add with the previous post . You will also have additional monthly electricity cost and maintenance cost (depends) . Though i also suggest to join in mining pools rather than going solo

 

[highspeed]

Currently, you can choose to mine with a mining rig (multi GPUs) or an ASIC. I suggest you to chose an ASIC miner (more convenient + faster ROI). About the price, it start around $2000 if you want to do serious mining. If you invest an ASIC, you must chose in advance if you will produce Bitcoin or Altcoins.

- ASIC for Bitcoin: you can mine BTC/BCH/BSV/BCD.... These 4 coins are the most profitable. You will do it through a mining pool
- ASIC for Altcoins: I suggest you to chose an ASIC for ETHASH algorithm. ETH/ETC/CLO will be the best coin to mine. You can chose solo ining or pool mining.

Good luck!

Dear friend, I thank you, but for me unfortunately it is now impossible to spend $ 2000!
However, a BMF user here has logged me into DUALMINE.com. But, well ... he said, I will have to wait as long as 2 YEARS before I can extract a withdrawable sum!
Anyway...

 

[BitcoinB]

unfortunately it is now impossible to spend $ 2000!

it's a sad reality, mining is an expensive activity. I suggest you to try to collect money from offerwalls provided in GPT website and reinvvest the funds in Altcoins trading...

 

[BitcoinB]

Anyway...

Did you reported me for unsollicited PM ???

 

[highspeed]

Did you reported me for unsollicited PM ???

NO. sorry but it's no me! I'll give it to you for sure. You can trust me.

 

[highspeed]

it's a sad reality, mining is an expensive activity. I suggest you to try to collect money from offerwalls provided in GPT website and reinvvest the funds in Altcoins trading...

I see. I will look for this GPT website, I believe however it must not be different from DUALMINE.
However I'm sorry, the word ALTCOINS, perhaps means: "Alternative coins"?
Thank you.

 

[BitcoinB]

ALTCOINS, perhaps means: "Alternative coins"?

Yes, all cryptocurrencies that are not Bitcoin are called Altcoins. Like you said it's "alternative coins"

 

[microunit]

Dear friend, I thank you, but for me unfortunately it is now impossible to spend $ 2000!
However, a BMF user here has logged me into DUALMINE.com. But, well ... he said, I will have to wait as long as 2 YEARS before I can extract a withdrawable sum!
Anyway...

Most legit cloud mining companies i encountered , their contracts was mostly for 2 years and this is because for maintenance cost purposes added to the contract and for maximum profitability

 

[BitcoinB]

mostly for 2 years

Yes it's ture. The maintenance fees and the rentability are a good explanation of why it's 2 years. Too many people are thinking that mining = fast ROI become rich.

 

[KarthikP]

And mining profits also depend on the Bitcoin price. If Bitcoin price falls to $5000 or below , I don't think people get decent returns on their Investment in mining.

 

[BitcoinB]

And mining profits also depend on the Bitcoin price

We can mine approximatively 800 different coins. Bitcoin is not the only one. Bitcoin price affect the mining rentability for other coin only because when BTC price ddecrease, all the market decrease.

 

[microunit]

We can mine approximatively 800 different coins. Bitcoin is not the only one. Bitcoin price affect the mining rentability for other coin only because when BTC price ddecrease, all the market decrease.

not really true, some coins price's have independency on bitcoin , when bitcoin's value falls down some of these coins actually rises up, most crypto are only affected directly by bitcoin because most users exchanges these altcoins to and from bitcoin

 

[BitcoinB]

not really true, some coins price's have independency on bitcoin

The coins you are talking stay strong only when BTC lose 20%. If it lose 50% or more, all the market go down... Currently I diversify my portfolio.

 

[microunit]

The coins you are talking stay strong only when BTC lose 20%. If it lose 50% or more, all the market go down... Currently I diversify my portfolio.

well that can be as bitcoin is considered the most widely used cryptocurrency , your argument states that we can assume that if most people stop using bitcoin then they would also stop using cryptocurrency as a whole

 

[darkaxis05]

Just build your own there are lot of mining scripts around and then the most difficult is $ but to build the cheapest is buy the best videocard Gtx 1060 410$ USD or buy 2nd hand and set it up to your CPU run script from mining pool if your motherboard can hold 2 video and its a plus and just add at-least 4-8gb of ram and internet connection

 

[Balint098]

Well, when it comes to mining the toughest part is your region's electricity cost, gotta be careful with your profit calculation so that you can still earn some monies with it.

 

[highspeed]

In conclusion, I can definitively declare that: Neither I, nor my brother, have machines sufficiently powerful enough to be able to extract real mining!
So, at least for the moment, our possibilities are only those of doing it, through the use of specific software or dedicated sites (but not scams!)
Thank you all.?

 

[Balint098]

through the use of specific software

You can only mine with software if your PC is powerful enough to do mining. In your case, the only option left is to buy some contract from legit cloud mining company.