FAQ'S - How to get a start in the mining industry

How to get a start in the mining industry. These questions and answers apply generally to the Australian mining industry. If you already have experience in the mining industry but now wish to consider working in another part of the world, then speak with one of our consultants for specific advice.

How to get started with Bitcoin mining.

In the big picture, Bitcoin mining secures transactions that are recorded in Bitcon's public ledger, the block chain. By conducting a random lottery where electricity and specialized equipment are the price of admission, the cost to disrupt the Bitcoin network scales with the amount of hashing power that is being spent by all mining participants.

How to set up a Bitcoin miner | CryptoCompare.com

If you have chosen a mining rig through using our guide and calculator then most of the hard work is done. If you've bought the rig as an off the shelf product ready to go then it should be as easy as plugging it in and choosing a mining pool to join. Your wallet should be hooked up too all ready to run.

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Search, order and filter through all bitcoin mining companies, mining pools, bitcoin mining equipment and ASICs and ethereum cloud mining contracts. Prices are updated every ten minutes so it is easy to find the top miner for your needs. Want to buy mining bitcoin hardware or ethereum mining graphics cards or GPU's? Use our tables and rankings to find the best products - list rigs and ASICS by ...

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Calculating Bitcoin Core Mining Profitability – Bitcoin.com

Oct 04, 2016· As you can see Bitcoin Core profitability is a moving target so be vigilant in monitoring your costs each month to mining rewards and their value at the time of receiving. Keep an eye on mining pool fees as some are free and others are not with a percentage or more added into the cost of your mining.

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Bitcoin mining South Africa - Bitcoin South Africa

Most mining pools that you join when you start mining bitcoin charge you a fee, for example a popular bitcoin mining pool called F2Pool charges 3% fee of your profits. This also needs to be accounted for when you are working out how long it will take you to get your return on investment. How profitable is the Antminer S9 11.85TH in South Africa?

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Step 4 – Find a mining pool. When you join a mining pool, you'll be given smaller and easier problems to solve. All of your combined work will make the pool more likely to solve the original problem and earn the bitcoin reward and transaction fees. The profits will …

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As a second income, no, cryptocoin mining is not a reliable way to make substantial money for most people. The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000-$5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more.

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