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I have one diamond.. I wasn't looking for it, I was just happily mining away and came across this blue block. Unfortunately I had no pickaxe for it so had to make my way home and back. I haven't found anymore recently but they are there somewhere...
What I did was built my house on a natural mine that went all the way down practically to bedrock. when i got to the end i mined out an area that was roughly 22 wide and 2(or 3) high. I kept mining for alot more I'd say like 200( and I'm still going) I've
found tons of diamonds red stone iron coal and the blue rock. Theres always the danger of mining into lava, but what i did is I found a pool of lava not moving and just mined above it. the risk of hitting lava is way lower than if you were mining at bedrock.
When youre done you can make it into a cool underground house or a slime farm or something. Mining might be slow at first but once you find enough iron to make enough pickaxes then it goes faster and even faster when you have a diamond pickaxe
I borrowed one guys method for mining and it has turned out a bunch of valuable materials (gold, diamond, redstone, iron etc):
Go down to bedrock, then go up about 7 blocks. Then mine in a straight line for a while. Then turn right and mine in that direction for a while. Then turn right again, go 2 blocks deep, then right again, and mine in that direction until you get back to
your main hallway. Keep spacing new tunnels every other block, and it lets you cover huge areas in half the time. You should find diamonds quickly by this.
they say it's found on the lowest levels between the bedrock bottom and 15 blocks above it, but like someone said before around 7 or 10 is a good area to look from the bottom, and near areas by Under Ground Lava.