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Should I start mining bitcoin..? by apolymask

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· @apolymask ·
$2.72
Should I start mining bitcoin..?
I know I'm a bit late but..
I've been thinking about trying to mine bitcoin. 
Does anyone have any ideas about that?
I don't know barely anything about bitcoin other than it's become quite valuable and that it might be being helped along by the people in power.

I believe in steem longterm and I think steemit will eventually become the top dog because of the way you can mine it through social media..
However.. I realize that bitcoin can and probably still will go up a lot..
It could even become "the" digital currency of choice.. And it is already right now for most, but I mean that in a sense of a monopoly almost.
Like.. People predict that one coin will rise to the top, and I personally think it will be either bitcoin or steem based on the little amount I know of things.

HOWEVER.. I did read some stuff of concern.. Some people warn against mining because then you're sort of giving access to your computer to outside forces and they might be able to much easier hack you?
Can anyone help shed some light on this stuff?
Should I try to mine bitcoin? I can't afford to invest anything other than my time and computer.
So.. If I don't mine it, I'll probably never have any unless it's donated to me. 

What do you think?

https://www.youtube.com/watch?v=syI9X_uKvUA
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (47)
@allabout ·
The short answer is… no probably not.
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@azfix ·
It only makes sense to mine Bitcoin with specialty asic miners and many of them use around 1200+ watts and are pretty much like a small heater. Check out this site https://www.bitmain.com/  to get an idea of what they cost and power consumption. Your best bet is to mine alt coins with a gpu miner and trade them for bitcoin and you should have a dedicated computer for this and preferably run linux. You can also CPU mine if you want to get some small amounts of bitcoin over time. Nichash has a great calculator to determine what kind of rewards you will get for each type of device you use https://www.nicehash.com/?p=calc most likely it wont be profitable and I assume you will just be doing it to hold long term. This might be a great idea if you plan to hold for a few years.
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@blazing ·
its always Right time to start something and start immediately if it is related to bitcoin
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@calovera ·
$0.26
I believe the best investment right now is setting up a desktop computer and mining with GPU by using either Nicehash or EthOS! Good luck with mining, and follow me if you want to learn about investment and market opportunities!
πŸ‘  ,
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vote details (2)
@apolymask ·
Word. Thanks for the info , I'll look into it and I'll give you a follow as well! Cheers.
πŸ‘  
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@calovera ·
Thanks a to @apolymask! Let me know if you need any help with anything related to crypto!
πŸ‘  
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vote details (1)
@lightsplasher ·
I stopped mining Bitcoin a while ago.  It takes too much specialized equipment and electricity for my taste.  I like to mine proof of stake coins and this has been a very good low power alternative for me.  It doesn't take near as much energy to mine many different coins on a single low power computer.
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@meno ·
$0.26
There is a few things to consider before taking the plunge.  1) Is your computer up to the task?    2) What are the power costs involved?    

Assuming your computer can mine some crypto It would be alt coins and not necessarily bitcoin(of course you can trade it) and if your computer consumes more power than the money it makes (if its not efficient enough) then you would not be getting ahead of the game at all. 

I would recommend you visiting the nicehash website and reading up on their application, if you have an Nvidia GPU or AMD you could even download it and benchmark your PC to find out if you can join a pool.

best of luck! ;)
πŸ‘  
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@apolymask ·
Good question! I'm not sure my computer is up to the task and thanks for all the information! I definitely need to study this a bit more before I know if I'm even capable! 
Thanks for the good luck also! :)
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@resteemia ·
amigo #resteemia at your service

better try altcoins. BTC complexity is too much now @apolymask

ReSteemia
'UpVote ReSteem Comment'
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@rocksg ·
It is never late to mine the bitcoin, after all it is the father of the crypto world and it will always lead it. If you want any guidance in bitcoin mining, I can help you and give you some discount code so you can save a little .
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@shamic ·
I don't know much about mining but I've heard you need a tonne of computing power to mine bitcoin. So it may be better to mine other currencies
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@steemitboard ·
Congratulations @apolymask! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/posts.png)](http://steemitboard.com/@apolymask) Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)

If you no longer want to receive notifications, reply to this comment with the word `STOP`

> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
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@steemitboard ·
$0.24
Congratulations @apolymask! You have received a personal award!

[![](https://steemitimages.com/70x70/http://steemitboard.com/@apolymask/birthday1.png)](http://steemitboard.com/@apolymask)  Happy Birthday - 1 Year on Steemit Happy Birthday - 1 Year on Steemit
Click on the badge to view your own Board of Honor on SteemitBoard.

For more information about this award, click [here](https://steemit.com/steemitboard/@steemitboard/steemitboard-update-8-happy-birthday)
> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
πŸ‘  
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vote details (1)
@steemwija ·
@apolymask - BTC mining Difficulty: 922,724,699,726 is at the moment. Therefore, it needs very powerful processing power to mine BTC. As a result of that, you should try AltCoins Sir. My opinion is the LTC Sir.
Love your shared video Sir. Therefore, I wish to ReSteem your post.

+W+ [UpVoted & ReSteemed]
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@theguruasia · (edited)
@apolymask,
I am a happy customer of minergate and mining BCN at the moment ;)
I don't think mining BTC via GPU is worthy enough! Or LTC also! If you wish to mine via GPU then try something we can mine easily like BCN, XMR!
If you wish to mine BTC you must go to https://www.bitmain.com/ and check products! You can find a lot of miners there. Personally I like Antminer D3 for Dash coin mining!

Cheers~
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@truedwell · (edited)
From what I know, mining bitcoin on your own as a single individual is not profitable. 
However, there are other coins that You can mine with simple machines, even laptop or cellphone.
I use [Minergate.com](https://minergate.com/a/17cdac8d626e77c87dc02cb5), I think it is the best one. 
Easy to install and can start mining in minutes.
You can try it before deciding if You want to get more serious and buy expensive designated machines
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