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Bitcoin Mining???

Posted on 2013-11-28
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Last Modified: 2013-12-04
So I know I'm late to the party but I'm thinking of starting bitcoin mining.

I've downloaded a Bitcoin wallet and an Multibit wallet.  It seems I need to join a pool.  I went to one and downloaded the software and my anti-virus says this file seems suspicious.

Can someone point me in the right direction???  I feel like a very smart person but I just can't get my head around all of this.
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Question by:hrolsons
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donnk earned 1000 total points
ID: 39684872
wouldnt bother you will burn more electric than rewards. Even with a bunch of expensive graphics card sucking a lto of amps you still wont compete with the pro's using dedicated ASIC boxes.


The ship has sailed my friend!
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by:CodeFish
CodeFish earned 1000 total points
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donnk is right, for mining, the ship has basically sailed. Even if you pay for a miner, you might be better off just putting the money you would spend on a miner directly into bitcoin. Just by letting it sit your value might grow faster than if you mined.

Start lurking on bitcointalk.org. If you are really keen on an answer to your questions about software and anti-virus post there. When you post, be specific. I can only guess that you tried to download cgminer. If you really really want in on bitcoin you will need to do a lot of reading. If you did download cgminer, then the anti-virus issue is explained right in the documentation for the software.

Also, listen to podcasts or youtubes. These are good:
Bitcoin Channel - http://www.youtube.com/watch?v=L_m2RPbAGxo
Let's Talk Bitcoin - http://www.youtube.com/watch?v=poSCFoc0b5k (this one is an intro to Bitcoin, you probably know it all already, but Let's Talk has over 60 episodes to choose from.)

Consider altcoins:
I don't think you can really generate Litecoin with the average computer.
However, there is peercoin and many others - The YouTube video above (Bitcoin Channel) talks about why this might be a good idea now.

Think outside the box:
http://cryptojunky.com/blog/2013/12/01/signholder-receives-over-24000-in-bitcoin-after-qr-code-appears-on-espn/

Try some other ways of getting coin:
http://btcgeek.com/free-bitcoin/

Look for deals like this:
Toy magnets packaged with a bit of bitcoin:
https://www.bitcoinstore.com/catalog/product/view/id/2284543/s/zenmagnets/category/9110/

If you are going to buy a miner, know your outcome. use the Mining Dashboard at The Genesis Block. It is fairly accurate. I did at least 100 different permutations before buying in to bitcoin.
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