Help a newbie. Need software

Hello. I want to invest in a mining farm. Everywhere I find only pieces of information. Help please - you need: What software is needed and for what. Where to begin. Equipment and installation conditions.

Hi. What do you want to mine with?

I do not know. I want to figure out what will be more profitable. On the one hand, there are ASICs, they are convenient and already configured.
 But dear ones. video cards are more variable and cheaper. But there is a lot of trouble with them (((

This is a very big job. We must start with the formation and the budgetary part

depending on what equipment you use. Are you going to use video cards? what?

Let's say I have a room, electricity and racks. Collected several rigs. How do I start them? What software do you need?

start with a training video, usually on websites along with programs, there are instructions and training videos

for example Awesome miner https://bittention.com/software/download-awesome-miner-how-to-set-up-awesome-miner/

or GUI Miner https://bittention.com/software/download-free-gui-miner-for-mine-bitcoin/

Thanks!!! I'll check it today, I'll tell you tomorrow

Now mining farms are still relevant, do they have a profit?

If you want to invest in mining farm, then probably you should have enough money to do it. As far as I concerned, ordinary mining farm brings almost 1 bitcoin per year and it's kinda low profit in my opinion, as you have to invest lots of money in thiss mining farm. Moreover, if you will decide to end this activity you will have to find a consumer which will buy your equipment, such as graphic modules and processors. As you know, consumers aren't egaer to buy equipment after this equipment had been using for a solid amount of time for mining farm, then you will lose lots of money. Think twice before doing it.

Mining it's not that profitable. Mining hardware gets better every year, so if you don't constantly invest in new hardware you will become unprofitable. You better buy the crypto than wasting time with mining.

norman220 posted:
Mining it's not that profitable. Mining hardware gets better every year, so if you don't constantly invest in new hardware you will become unprofitable. You better buy the crypto than wasting time with mining.

I agree with you.

norman220 posted:
Mining it's not that profitable. Mining hardware gets better every year, so if you don't constantly invest in new hardware you will become unprofitable. You better buy the crypto than wasting time with mining.

So right. 😉 The other way is to find new projects to mine but that`s 50:50 and you could end with loss of your investment.

Well, nowadays there is a great demand on equipment for minin farms, so it will be pretty difficult to find an equipment to build your own mining farm. Moreover, equipment nowadays costs a lot of money because of this high demand. In my opinion, you can try to find some equipment on special platforms, where people sell used equipment and various things. Actually, today the btc is rising high, yesterday it broke a new record, and it will be very difficult to find equipment even on these platforms. So I would advice you to wait until the price goes down and some will start sell this stuff.

Spot trading is reserved for beginners. Research is needed if the firm is to be preferred.

LukeRachel posted:
Spot trading is reserved for beginners. Research is needed if the firm is to be preferred.

Of course there are advantages to spot trading. But which platform will I use?

Of course there are advantages to spot trading. But which platform will I use?


William Hill

Give good prices.