Quote:
Originally Posted by Badmaash
Is mining as easy as:
1. buy hardware such as X11 ASIC miner - Crypto Mining Blog
2. Plug it in, does it need a monitor?
3. Connect to interenet
4. Set wallet
5. watch coins go into wallet after completing block?
Is it as simple as above?
Thanks |
Yes but it can be an expensive way to do it if you're not careful.
If you want to use dedicated miners like this one, buy a fast one direct from the manufacturer, but be ready to sell it 6 months later as faster ones will be available. You will always need faster and faster miners.
If you just want to do it as a hobby without spending too much, buy a PC in parts, and buy a few extra and fast graphics cards. In fact, get the fastest ones that companies like nVidia have to offer. The more GPU's you have the faster you can mine. Use Nicehash to do the mining. It works well, is really fast, and well supported.
Using a PC + several GPU's is a cheaper way to do it, and it is easier to sell / swap / upgrade to faster GPU's as time goes on. You can set it up in your basement and then use VNC or similar to connect to it from your main computer.
If you don't feel like messing with the hardware, just buy some bitcoin and trade it on services like coinsquare.
Have fun!