Bitcoin beginner

Cevdet Aluc asked 11 months ago

I would like to start bitcoin mining in turkey. I do not have any knowledge about the processes regarding mining, how to keep the produced bitcoins and finally how to change in real currency?
Also it would be a help to know how much money I need to invest to start mining.

1 Answers
Steven Hay answered 11 months ago

Hi Cevdet,
Bitcoin mining is a really tough field to get into at this point in time. See our guide to why this is so here:

Is Bitcoin Mining Worth It?

I would suggest that you instead look at GPU mining, which is to say mining altcoins using graphics cards. Whereas Bitcoin can only be mined on ASICs – whose only purpose is Bitcoin mining – if things don’t work out in GPU mining, at least it’s easier to find a market for graphics card resale. It’s also a lot cheaper to get into GPU mining, as GPUs are much less expensive than ASICs. So I would recommend that you start with GPU mining and learn.
If it works out for you, you might consider Bitcoin mining if you’re able to get access to REALLY cheap electricity.

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