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How to mine BitCoins?

Last response: in Business Computing
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August 30, 2013 1:40:00 PM

I understand how mining works but how do I do it? Can you make a lot of money doing this?

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August 30, 2013 1:46:43 PM

Russel Johnson said:
I understand how mining works but how do I do it? Can you make a lot of money doing this?


If it were easy to make money doing it, everyone would be doing it.
Read the Wiki for how.

It's gotten sufficiently difficult in terms of processing power that you need to spend a lot of money on initial equipment, and a lot of money on recurring electricity costs, to actually 'make money'.

Now...if you got donated equipment, running off a solar array...go for it.
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January 2, 2014 11:27:35 PM

Obviously, BTC mining is a high risk investment. Just trade (buy, sell or hold) your BTC outright- that's the safest thing to do when speculations stir hot.

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