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Buy computer equipment to ANONYMOUSLY mine your own Bitcoins?

Firstly, the equipment of bitcoin mining are so expensive due to the high cost of strong CPU. secondly, it is so slowly to min a one bitcoin.
So I wouldn't try to do that.
 
master.on said:
You can easily buy computer servers paying cash
Do you really need a special miner like these ones?
https://www.bitcoinmining.com/is-bitcoin-mining-profitable-in-2017/
https://99bitcoins.com/bitcoin-mining-profitable-beginners-explanation/

Will a prepaid (paid in cash) wireless USB modem be enough? Do you need a broadband internet connection?

Can you join mining pools anonymously?

Anything else to consider?
Click to expand...
You need to do much more research on this. Joining a mining pool is the easiest part IMO. The equipment you would need and considering other things such as power sources(e.g solar power) are a huge undertaking to be PROFITABLE in mining as of today. Things have evolved quite extensively....just in 2017 alone.
I just find it comical there are people thinking they can make $$$ off cloud mining etc....thats a ponzi scheme through n through...
 
EcpertRealistic said:
Not going to get one for less than $1500
Click to expand...
Do you know how long it can take to recover that investment?
6 mos? 1 year?


CJames said:
Firstly, the equipment of bitcoin mining are so expensive due to the high cost of strong CPU. secondly, it is so slowly to min a one bitcoin.
So I wouldn't try to do that.
Click to expand...

Dema said:
Mining isn't very profitable right now unless your really know what your doing.. you can make a lot more money much faster learning how to trade
Click to expand...

DrinkFlintWater said:
You need to do much more research on this. Joining a mining pool is the easiest part IMO. The equipment you would need and considering other things such as power sources(e.g solar power) are a huge undertaking to be PROFITABLE in mining as of today. Things have evolved quite extensively....just in 2017 alone.
I just find it comical there are people thinking they can make $$$ off cloud mining etc....thats a ponzi scheme through n through...
Click to expand...
I don't think mining is UNprofitable. At worst return on investment might be slow. Otherwise nobody would ever mine bitcoins and everyone would sell their servers.

I'm just looking for ANONYMITY, not big profitability.
Just to spend some CASH in servers and prepaid USB modems and get some $500 worth of quite untraceable bitcoins every couple months or so, since there's no Credit Card or ID to trace back to you.
It looks very possible to me.
 
master.on said:
Do you know how long it can take to recover that investment?
6 mos? 1 year?







I don't think mining is UNprofitable. At worst return on investment might be slow. Otherwise nobody would ever mine bitcoins and everyone would sell their servers.

I'm just looking for ANONYMITY, not big profitability.
Just to spend some CASH in servers and prepaid USB modems and get some $500 worth of quite untraceable bitcoins every couple months or so, since there's no Credit Card or ID to trace back to you.
It looks very possible to me.
Click to expand...

Well, if you are looking for anonymity then it's the right tool. If you have one of those machines, then you don't have to go online and buy coins but it would be too fucking slowly to make 100$ of bitcoin and it would be too expensive (taxes...). I guess it's a good tool for the guys who sell steroids and want to launder money.
 
Maybe mining MONERO, not bitcoin still makes sense?
https://www.wired.com/2017/01/monero-drug-dealers-cryptocurrency-choice-fire/

Which type of hardware is the most efficient for mining Monero?

Don't use a mining computer for ANYTHING else
as it can reveal your true identity
We're also quite happy to announce the addition of a new feature to Monero: Smart Mining. This is a feature that will evolve over time, but at its most basic it is something that will allow everyone running the client software to support the network in an unobtrusive manner. Smart Mining detects your CPU usage, and if your CPU is idle and you aren't on battery power (for laptops and/or connected UPS devices) it will begin mining. As soon you switch to battery power or your CPU activity picks up it will pause mining until it sees it is safe to start again. You still set your Monero address for Smart Mining, as always, and whilst your chances of solving a block may be relatively small (for now;) it is still an easy way to support the network without needing to purchase expensive equipment. This work is complete (for Linux) and is currently being tweaked to work on our other supported operating systems. Ongoing process can be followed here: GitHub - oranjuice/bitmonero at smart-mining
 
At this point, unless you have fucktons of money to spend on ASIC miners or those AMD GPU's which are VERY rare and EXPENSIVE to find, you will only be wasting your time and money honestly.
Not to mention you basically need free electricity to see any profit at all.
 
Can make money by just running a computer program?

Sounds suspect, would rather spend a day at the horse races.
 
Mr. Bowman, who is from Plattsburgh, said he sympathizes with the mayor’s concerns. He is the only employee of his company, and he is presently a full-time medical student on the Caribbean island of Grenada. But Bitcoin mining paid his college tuition and it is paying for medical school.
Is Bitcoin a Waste of Electricity, or Something Worse?

This guy pays his UNIVERSITY tuition with Bitcoin mining
and you guys can't figure out how to afford GH (without resorting to G4P) :D
 
master.on said:
Mr. Bowman, who is from Plattsburgh, said he sympathizes with the mayor’s concerns. He is the only employee of his company, and he is presently a full-time medical student on the Caribbean island of Grenada. But Bitcoin mining paid his college tuition and it is paying for medical school.
Is Bitcoin a Waste of Electricity, or Something Worse?

This guy pays his UNIVERSITY tuition with Bitcoin mining
and you guys can't figure out how to afford GH (without resorting to G4P) :D
Click to expand...
Bitcoin Mining Banned for First Time in Upstate New York Town

But wait....

Plattsburgh's Crypto Mining Ban Could End Earlier Than Expected - CoinDesk
 
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