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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 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 Bitcoin Mining Works. Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. 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 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 ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team.
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