RE: NEW IN BITCOINS, I'M GOING CRAZY

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NEW IN BITCOINS, I'M GOING CRAZY

in introduceyourself •  7 years ago 

Looks like you're into mining. Okay, let me spill a little bit of information, because there's so much to learn about mining.
You always want to GPU mine, or above, never CPU mine. GPU is the video card in your computer -- if you have a laptop, forget about mining. The best thing to do is to build your own "tower" without a case for good air-flow, with a motherboard that supports 5-6 PCIe slots (for GPU). This could cost from $300 to $800 just for the base. After building the base, you need to add GPUs, which go around $500 to $800 at the time of this post. After that, you have 2 mining options: profitability or gamble. For profitability, I'd use a profitability calculator for your desired coin, with your GPUs provided hashrate. With the gamble method, you're going to lose money immediately on power, but you'll be accumulating a large amount of worthless altcoins (what you're trying to do is accumulate 100s of worthless coins and hold until they become worth something, then sell). I suggest for profitability, Monero (XMR), or gamble, DigitalNote (XDN).

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Thank you very much for answering, which gpu you recommend for monero?

Well when mining, its all the same computer parts, no matter what you mine. I suggest the Nvidia GTX 1080. Go to pcpartpicker, and itll tell you if the computer parts will work together.

Thank you!!!!!