Getting started mining Cryptocurrency

[TopNotchPCLol]

Hello,

 

I want to get started mining cryptocurrency (Most likely Bitcoin). From what I understand you need an ASIC unit in order for it to make any sense.

 

So my conundrum is. While trying to determine the potential profitability of it any online calculators show wildly different numbers. From $400 dollars all the way to $857 with the same unit. 

 

Any recommendations on a good ASIC miner, and if 1 miner alone can still make enough money to make sense buying it?

[DrMacintosh]

You aren't going to make a dime mining BitCoin. Just letting you know. 

[Clockwork_princess]

there people who have like 100 ASIC machines set up to mine to make profit, so i feel like 1 isn't enough 

 

if you dont pay the power bill as your parents becase that will be spaney running an ASIC machine 24/7

[TopNotchPCLol]

2 minutes ago, DrMacintosh said:

You aren't going to make a dime mining BitCoin. Just letting you know. 

Good to know. Would Etherium be a good route instead? 

[TopNotchPCLol]

I'm thinking of trying to use AWS to mine some of the cheaper cryptocurrencies

[DrMacintosh]

1 minute ago, TopNotchPCLol said:

Good to know. Would Etherium be a good route instead? 

Maybe, idk. I don't look at the market values and ease of mining for CryptoCurrency. 

 

I don't support the practice. 

[TheKDub]

6 minutes ago, TopNotchPCLol said:

Good to know. Would Etherium be a good route instead? 

Even ETH is a bitch to mine. My GTX 970 would take around I think it was 10 years to mine a single ETH at 13Mh/s. So you'd need quite a few very powerful GPUs to have a chance.

[Dkbay]

1 minute ago, TheKDub said:

Even ETH is a bitch to mine. My GTX 970 would take around I think it was 10 years to mine a single ETH at 13Mh/s. So you'd need quite a few very powerful GPUs to have a chance.

You'd use a mining pool barely anyone solo mines unless they have a data center full of gpu's 

[Dkbay]

You can check mining profitability in here http://whattomine.com/ however unless you live somewhere with cheap power it's most likely not worth it 

[Beef Boss]

18 minutes ago, DrMacintosh said:

You aren't going to make a dime mining BitCoin. Just letting you know. 

But Doc, let the kid work in the mines if he wants, he'll soon its more of a punishment than he realizes.

[Mammolino]

https://www.amazon.com/ASRock-H110-BTC-Motherboard-CryptoCurrency/dp/B073S5YV3J/ref=sr_1_3?ie=UTF8&qid=1508652739&sr=8-3&keywords=bitcoin+motherboard

https://www.amazon.com/gp/product/B071QX74F9/ref=ox_sc_act_title_2?smid=AHG2MI785YUY7&psc=1

 

These parts are good but go over your budget

[FlatBrokeRacing]

if you want bitcoin, use nicehash to mine, you are not actually mining bitcoin, but get paid in it.