greenxgene

The recent circular from Reserve of India warning about risks of Cryptocurrencies like Bitcoin, BBQCoin, Litecoin, Dogecoin, etc. has only rekindled the interests among tech savvy Indians. Everyday news articles about cryptocurrencies are becoming a norm in business section of newspapers. One quick thought strikes everyone's mind – ‘Can I become rich with Cryptocurrency?'. I’d like to answer your questions in this post. Whom this post is for? Those who want to make a part time income from Cryptocurrencies rather than totally depending on it. Those who are ready to make a one-time investment of Rs.40,000 to Rs.50,000 in mining hardware. Please note, even in the worst case scenario if your mining adventure flops you still get a high end PC, which you can use for graphics designing or gaming.) Those who are patient enough to get their return from one-time investment in 1 Year. My experience Before writing this post I tested my mining hardware for 12 days with short ...

There are a multitude of articles out there guiding you enough to help you build a cryptocurrency mining rig. But in this post I want to cover how a beginner in India can get his/her hands readily on a mining rig hardware in a matter of few clicks. I have just provided Flipkart links for each hardware needed for this project. I want to be fair that this setup is good to begin with mining of Litecoin or any other Scrypt based coins, but for Bitcoin its not enough considering the present difficulty level and extreme ASIC miners. But don’t be discouraged!! You can always mine other alternative coins and trade them profitably for Bitcoins in virtual currency exchanges like Bter or Cryptsy . You can find out out the difficulty level and profitability of various alternative coins here http://dustcoin.com/mining After you go through this guide you can read this post to know how to setup your mining software. So whats our budget? Configuration Cost (Maximum) Processing P...