I want to start mining..

[PheonixOne]

Hey everyone..

 

My current situation is ideal for mining, since I live in student accommodation, and i dont pay for electricity here, so profit for me will be higher than someone who pays for it..

 

And i want to mine bitcoin, I will be here for 4 years now, so I want to start quickly, to make a start i have a budget of 1000 GPB, preferably less though!

 

If anyone knows what to buy, guides to start, it would be appreciated if you could help me out!

 

I am familiar with buying and selling, im good with hardware and software, im working and studying IT, so i dont need a dumb ass guide, just some advice on what i should invest my money in!

 

thanks!

[TheMastr13]

It's not really worth mining anymore

[ThatOneRussian]

Youll need one of these

[PheonixOne]

It's not really worth mining anymore

what makes you say that?

[Castdeath97]

You will need a pickaxe

 

 

what makes you say that?

Jokes aside it really isn't worth it anymore, even with free electricity 1000 pounds is simply not enough today for mining.

[TheRandomness]

what makes you say that?

http://linustechtips.com/main/topic/485108-how-to-use-my-dedicated-gpu-in-cgminer/ <-- Most of that thread says it's pointless.

[TheMastr13]

what makes you say that?

Even some very high end hardware takes days to mine a fraction of a penny.

[PheonixOne]

You will need a pickaxe

 

 

Jokes aside it really isn't worth it anymore, even with free electricity 1000 pounds is simply not enough today for mining.

1000 is a starting amount, i will be making more for upgrades..

[itsmyjobtoknow]

Youll need one of these

 

No, this is better

[PheonixOne]

Even some very high end hardware takes days to mine a fraction of a penny.

How would you define high end?

[Castdeath97]

How would you define high end?

Something around 2000-2500 pounds.

[PheonixOne]

Something around 2000-2500 pounds.

How much would you say i could make with a 7TH/s miner? Without paying for electricity.. 

[babadoctor]

No, this is better

modpack?

[itsmyjobtoknow]

modpack?

 

The mining laser is from IC2

But some mod pack like TPPI2 has it.

I don't recall any others at the moment.

[babadoctor]

The mining laser is from IC2

But some mod pack like TPPI2 has it.

I don't recall any others at the moment.

TPPI2?

YOU PLAY ON TPPI?

SERVER?

[mikat]

No, this is better

even better

if you remember this, kudos to you

[itsmyjobtoknow]

even better

if you remember this, kudos to you

 

Holy balls I remember those days....

[itsmyjobtoknow]

TPPI2?

YOU PLAY ON TPPI?

SERVER?

 

Well I have my own private server between me, my girlfriend, and a friend half way across the state for college.

[babadoctor]

Well I have my own private server between me, my girlfriend, and a friend half way across the state for college.

can i come?

[mikat]

Holy balls I remember those days....

EE2 was great...

i really want to play the original FTB again, do you wanna do that in the holiday?

[Castdeath97]

How much would you say i could make with a 7TH/s miner? Without paying for electricity.. 

I really have no specifics but not much from what I heard.