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[uncensored-r/Bitcoin] Mining: How to make money doing so.
The following post by imyourbroda is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7gaih0 The original post's content was as follows:
So I have a friend who is already a millionaire and wants to play around with bitcoin mining. He is willing to spend upwards of 50k to build a machine to do this. What is the most profitable way to go about this if done properly. I know its better to buy and hodl and its been explained but this is what they want to do and I am just helping them out.
Is it too late to get into bitcoin mining/how to get involved in bitcoins as a college student?
In the past few days or so, I've been spending my spare time learning about and getting a feel of bitcoins: basic details, companies using it, rigs, hashes, CPUs/GPUs, different pools and bitcoin-related websites - pretty much everything is new. I'm really excited about the concept of bitcoins and the amount of potential it has to change the way we utilize currency online and I would like to participate and contribute to bitcoins in anyway I can. Unfortunately I'm no business owner or entrepreneur so I can't promote bitcoins through accepting them and I have zero connections to the bitcoin world (though I have made an account on the bitcoin forums) and with the Mt. Gox hacking, I figured to start by acquiring bitcoins through mining and contributing to pools. I'll need to go out and buy equipment though, learn how to take care of them, and setup cooling systems/figure out how to manage the sound since I do live with 3 other roommates in this little apartment. Rather than being impulsive and just doing it though (which I usually am :P), I wanted to ask more experienced people if it's still worth getting into mining and if not, how else can I contribute to bitcoins? Mega-thanks. :)
[Offer] I can teach you how to setup a working bitcoin mining software on your pc for $2 bitcoin
Hey slavelabour! I’m just some random guy looking to make a few bucks. Before I start, I’m going to explain what bitcoin mining is. Essentially, bitcoin operates off of a blockchain, which has stuff that needs to be figured out in order for transactions to go through. Bitcoin mining is pretty much signing up your pc to do that stuff. Your pc can do this by itself with help of some softwares, and can generate a few dollars or cents a day, depending on your pc. (Disclaimer: you might not profit due to electricity bills) I can explain, through reddit dms, how to setup your pc for bitcoin mining, how to create a bitcoin wallet, and how to deposit and withdraw bitcoin. I can also link a few sites where you can order from amazon with bitcoin or buy gift cards with bitcoin. I can also tell you where to buy bitcoin with a credit card!
Mining Rig Guide Dieser 6teilige Guide soll zeigen, wie ein völliger Anfänger ohne jegliche Vorkenntnisse in der Lage sein wird, in verschiedenen Schritten eine sparsame, aber doch effiziente Anlage zum Schürfen von Kryptowährungen zu bauen. Bitcoin mining is done by private computers. The role of miners is to secure the network and process each Bitcoin. Miners do this by solving a calculation problem that allows them to assemble the transaction blocks (hence bitcoin's famous blockchain). Miners for this service are rewarded with newly created Bitcoins and transaction fees. CONTACT US 51 E Campbell Ave Campbell CA 95008 United ... How Bitcoin Mining Works. Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government. With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine ... Bitcoin Mining verbraucht viel Strom. Bei hohen Stromkosten lohnt sich das Mining oftmals nicht. Um Bitcoin Mining zu betreiben, müssen Sie einem Miningpool beitreten, was zusätzliche Kosten verursacht. Für das Mining benötigen Sie entsprechende Hardware. Auch hier kommen Kosten auf Sie zu. Je nachdem, wie leistungsfähig Ihr Bitcoin Miner sein soll, zahlen Sie bis zu 2.000 Euro. Es ist ... Mining ist ein Transaktionsprotokollprozess mit Bitcoins zu blockchain - der öffentlichen Datenbank aller Operationen mit Bitcoin, die für die Transaktionsbestätigung verantwortlich ist. Netzwerkknoten verwenden Blockchain, um die tatsächlichen Transaktionen von dem Versuch zu unterscheiden, die gleichen Einrichtungen zweimal zu verwenden.
How To Withdraw Bitcoins From Mining City - YouTube
Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X IMPORTANT!! This method only illustrates how mining works. You will not make any money f... Today I show you how to mine the worlds #1 cryptocurrency - Bitcoin. Mining bitcoin is actually incredibly easy. This tutorial will tell you everything there... Learn how to use and setup a bitcoin miner to earn bitcoins , litecoins , dogeecoins etc. Download miner from https://easyminer.net/Downloads/ Very fast btc miner. Only Windows 10 / 64-bit operating system. Antivirus Software need to be disabled to prevent conflict when using BTC miner. Use only Moz... Bitcoin Mining Speed with ATI Radeon HD 5870 - Duration: 0:48. how2videos101 14,239 views. 0:48. Quick Easy Cheap Bitcoin mining with Bitminter Antminer - Duration: 6:26. ...