Hello sir. Would you have any web references on a guide to get started on mining your own? I know there's alot of information out there, but would be helpful to know what information helped you.I’m a casual mining hobbyist. I got a couple of Antminer S9s which have been doing very lately. They typically bring in around $60-$100 a day depending on the luck of the mining pool. There’s a Bitcoin Exhange based in Ottawa called Canadian Bitcoin where I sell my coins every few days.
You can message me if you want but like I said, I’m very casual and not super knowledgeable.
Honestly, it's such a big and complex topic, there's no one article or video which will even cover all the basics. Here's a recent article https://www.finder.com/bitcoin-mining which goes over the basics. It's overall fairly negative and I don't nesscarly agree with everything they say. But at least it will make you aware of the risks.Hello sir. Would you have any web references on a guide to get started on mining your own? I know there's alot of information out there, but would be helpful to know what information helped you.
Start with Coinbase then migrate to GDAX (owned by Coinbase) where limits are higher and fees are lower. I prefer QuadrigaCX as it is Canadian based and easier to use imo. Lower fees also. Add XRP to the list of coins above to look at. G/LI recently signed up to coinbase and have been purchasing Bitcoins, Ethereum and Light Coin. Doing well so far
Where do you buy your miners from?It's trading at 12.4k right now. I'm going to hold until it's back at 18.5k. It might take a while but I'm confident it will reach there eventually.
Back in December and January, just owning 2 Antminer S9s more than paid for a weekly session. Not anymore
I have 9 more miners arriving in a couple weeks. Kinda worried on how long the ROI will be this time.
Bitmain offical website.Where do you buy your miners from?
Bitcoins are about to collapse. Good luck to the investors who bought them late in the game when they were thousands or ten of thousands USD dollars per coin. If you bought them when the Bitcoins were just ten or hundreds USD dollar per coin, then you may still doing well by selling them now because they will sink down further.
"Bitcoin Drops to $5,860, Lowest since October 2017. True Believers with Fake Hopes Got Cleaned Out by Early Movers"
https://wolfstreet.com/2018/06/24/b...h-fake-hopes-got-cleaned-out-by-early-movers/
Honestly, it's such a big and complex topic, there's no one article or video which will even cover all the basics. Here's a recent article https://www.finder.com/bitcoin-mining which goes over the basics. It's overall fairly negative and I don't nesscarly agree with everything they say. But at least it will make you aware of the risks.
Research topics such as, Blockchain Technology, Mining Pools, GPU vs. ASIC mining. YouTube is a great place to learn about this stuff.
I have it easy as I got a discount on the mining equipment and I'm not paying for the electricity.
To mine Bitcoin you will need an ASIC but if you want to get into casual mining now and having a gaming computer with a new and decent graphics card, try mining Ethereum. You won't earn nearly as much but it may partially subsidize the cost of a daily morning coffee.