Minichan

Topic: If I buy a bitcoin mining device...

Anonymous A started this discussion 6 years ago #94,647

...how do I set it up, fora?

Anonymous B joined in and replied with this 6 years ago, 13 minutes later[^] [v] #1,070,022

Hire some miners to set it up for you. I hear there are some in West Virginia who need the work.

Anonymous C joined in and replied with this 6 years ago, 6 minutes later, 19 minutes after the original post[^] [v] #1,070,024

Get in a time machine and go back to when this was a useful activity

Anonymous B replied with this 6 years ago, 4 minutes later, 23 minutes after the original post[^] [v] #1,070,026

@previous (C)
It's not entirely useless. It still generates a lot of revenue for power companies and graphics card manufacturers.

tteh !GETFUCKED joined in and replied with this 6 years ago, 1 hour later, 1 hour after the original post[^] [v] #1,070,034

@1,070,024 (C)
This. Go back 7 or 8 years maybe.

Anonymous E joined in and replied with this 6 years ago, 12 minutes later, 1 hour after the original post[^] [v] #1,070,036

@previous (tteh !GETFUCKED)

9AM on a Sunday. Go back to bed, nerd. Nevermind, I saw that you were at the airport.

(Edited 5 minutes later.)

Anonymous F joined in and replied with this 6 years ago, 5 hours later, 7 hours after the original post[^] [v] #1,070,102

I mined 1.5 bitcoins back in 2011, when it also wasn't worth the electricity, but I was interested in it as a concept. I hung onto them until the market spiked near the end of 2017 and then did a bit of trading, playing with around 0.25BTC, and made about £1000 & 0.2BTC. I kind of wish I'd been more daring at the time, but I'm happy with the profit. With this type of market, being this patient is about the only way you are going to make any kind of profit.

The most effective way to mine is to join a mining pool, though I wouldn't recommend it these days. But if you still want to get into it, trading is a better option, and now would be an OK-ish time to buy (although not as good as it was at the beginning of this year). Unfortunately I missed the smaller bull around July, but I'm fairly sure there's another one coming. https://pro.coinbase.com
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