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Bitcoin noob here

Disillumination
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Hello

 

I'm interested in bitcoin mining

I live in southern cali and pay the electric bill

 

can someone recommend me a good bitcoin machine build?

I wan't to mine bitcoins, but I feel that the bitcoins I make will just go towards the electric bill lol (no profit)

 

What would be a good machine that will give me a good bitcoin/per watt ratio?

 

Should I start with something small?

 

any recommended parts?

 

or can someone explain more about bitcoin mining to me? (there's probably things I don't know)

 

Give me a nice walk through please?

 

Just give me some noob tips

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Bitcoin mining has become virtually unprofitable.  What you want to do is mine Litecoins, they're in the stage Bitcoins were about a year ago.  The difference being, there will be 4 times as many Litecoins.  The best way to mine Litecoins is to use an amd GPU, preferrably a 7950 or 7970 if you can afford it, with a very low power Haswell series CPU.  Keep the cost as low as possible and everything will be just dandy.  The most profitable thing you can do is buy low and sell high, a.k.a. speculate like a stock broker.

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Bitcoin mining has become virtually unprofitable.  What you want to do is mine Litecoins, they're in the stage Bitcoins were about a year ago.  The difference being, there will be 4 times as many Litecoins.  The best way to mine Litecoins is to use an amd GPU, preferrably a 7950 or 7970 if you can afford it, with a very low power Haswell series CPU.  Keep the cost as low as possible and everything will be just dandy.  The most profitable thing you can do is buy low and sell high, a.k.a. speculate like a stock broker.

Thanks, i'll keep this in mind

 

I might wait till intel makes 14nm cpus and amd cards to drop in price after invidia maxwell

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Thanks, i'll keep this in mind

 

I might wait till intel makes 14nm cpus and amd cards to drop in price after invidia maxwell

As we have seen with bitcoins there is no time to waste. They could be worth nothing now and in a month could skyrocket. not to mention the ever increasing difficulty that all of us miners know about.

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As we have seen with bitcoins there is no time to waste. They could be worth nothing now and in a month could skyrocket. not to mention the ever increasing difficulty that all of us miners know about.

Oh yes, that difficulty, only to get 10 times as worse with the 28nm butterfly cards...

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Bitcoin mining has become virtually unprofitable.  What you want to do is mine Litecoins, they're in the stage Bitcoins were about a year ago.  The difference being, there will be 4 times as many Litecoins.  The best way to mine Litecoins is to use an amd GPU, preferrably a 7950 or 7970 if you can afford it, with a very low power Haswell series CPU.  Keep the cost as low as possible and everything will be just dandy.  The most profitable thing you can do is buy low and sell high, a.k.a. speculate like a stock broker.

 

What's wrong with NVidia GPUs for bitcoin mining? I say they're great for the job as well.

"If it has tits or tires, at some point you will have problems with it." -@vinyldash303

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What's wrong with NVidia GPUs for bitcoin mining? I say they're great for the job as well.

They're horribly inefficient, don't get me started.

Available from 3pm to Midnight Eastern Time (GMT-5). (>'-')> <('-'<) ^(' - ')^ <('-'<) (>'-')> You can't stop the kirby dance. 

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If you want to profit with bitcoins just get a super shitty PC and buy ASIC's (from ebay, if you order at bfl you'll wait MONTHS)

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if you have 5pci-e slots open fill them with AMD 7950 and let it bitcoin. but i would rather go with litcoin.

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My suggestion is don't put too much hype into it, mining bitcoins is really not that great idea.. Light coins might be better..

I wouldn't buy bitcoins like a stock broker because it's too unpredictable, and you said you're a noob so don't even think about buying and selling...

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They're horribly inefficient, don't get me started.

 

They are just as efficient as AMD, trust me, they have as much processing power to make bitcoins.

"If it has tits or tires, at some point you will have problems with it." -@vinyldash303

this is probably the only place i'll hang out anymore: http://linustechtips.com/main/topic/274320-the-long-awaited-car-thread/

 

Current Rig: Intel Core 2 Quad Q6600, Abit IN9-32MAX nForce 680i board, Galaxy GT610 1GB DDR3 gpu, Cooler Master Mystique 632S Full ATX case, 1 2TB Seagate Barracuda SATA and 1x200gb Maxtor SATA drives, 1 LG SATA DVD drive, Windows 10. All currently runs like shit :D 

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They are just as efficient as AMD, trust me, they have as much processing power to make bitcoins.

 

No, they really are not. They lack the raw power to compete with AMD for Crypto-Currency mining. A cheap, old 6870 can match a 780 or a Titan.

You keep using that word. I do not think it means what you think it means.
Users cannot, and will not securely manage key material. Most users can't and the ones that can, wont.

Ask me about Bitcoin, Litecoin, Crypto-Currencies, and/or Mining them.

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They are just as efficient as AMD, trust me, they have as much processing power to make bitcoins.

Stop, before I have multiple people come in here to tell you otherwise, they are the worst thing to mine with. A 7950 will mine more litecoins than a 780 ti

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They are just as efficient as AMD, trust me, they have as much processing power to make bitcoins.

no they aren't! https://litecoin.info/Mining_hardware_comparison


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