Bitcoin Forum

Hello,
recenty i got 64gb dedicated server
i want to run mining on that . is it possible ??

any requirements ?

you don't need a powerful computer, but a powerful miner, mining with cpu is useless

but in the end casual mining it's not recommended, and if you really want to make profit you need to invest many money in a big farm

that server could be good for establishing a pool though

easy mining time is over...
cloud mining is over...
just buy BTC directly if you trunst in this project..
and hope theyr value will raise...

You could always open a mining POOL on that server, might be the only profitable thing you can do with that :/

Or a bunch of faucets aha

well i dont have much to add yes you need to mine its not the cpu or gpu but a miner asic for instances and that need to be good eficient and economic but as this guys in bussiness to the speed of good thoughts told you could try open a pool or some faucets (no much add there)
in the case of could mining well its not over but its too much contained to be used by low honest companies some does a ponzi of it and run after 6 months of promissing big porfits you need a estable good roi and reliable sites for colud mining i do sugget thought the btc cloud mining for that but its just me.

It would be pointless with a 64gb server. Maybe buy an antminer try your luck with it. Eve huge mining operations are taking losses right now with the current price of bitcoin. Good luck :D

Fuck mining, BTC at 230$USD... I'm gonna go ahead and pick me up some hefty cheap coin.

Mining those days not really recommanded , the price going down , electricity so expensive .
otherwise You will have to buy hardwares ( don't think ever using cloud mining) , will have to
 maintain those hardwares , will have to look at a good pool and you should be a have patience
Have those requirement and you're a miner !

- Xing Ming .

The requirement to mining is ASIC, search for S5 Antminer to get more details about real mining gear.

Actual CPU requirements are actually quite minimal. For $100 you buy a Raspberry Pi, a powered Hub, and a couple of Antminer U1's. The Raspberry Pi is nothing compared to your 64GB dedicated server in terms of CPU power, but paired with the ASIC's it will run rigs around the server in terms of Bitcoin mining, and do it for a fraction of the electricity required.

Um... 64gb of what?  I've got to assume you mean RAM... what about CPUs, disk, network?  As has been mentioned if you intend for this machine to mine... you're 3 years late.  If you intend to host a pool, it'll work.

 ??? I've been working with Bitcoin for a few months now and have yet to mine anything. I'm working on this for a client he had the system set up 2 antminers I think one is malfunctioning,
and I told him he has to hit a certain number to see some results as we have done everything from resets, to unplugging and re-inserting to re-starting. We still haven't seen anything even
when I saw that the antminer hit the number to receive a profit. It's hooked up to a Mac System and he is pool mining. any help would be appreciated.

The obvious question is are you using a pool, or trying to mine Solo? You need to make sure you've got everything working with a pool, and then try solo. Even then you might want to use CK's solo pool.

What kind of Antminer are you using? A U1? A U2? A U3? Virtually all of these USB attached miner will only mine a tiny fraction (e.g. 1/1000 or less) of a Bitcoin in a day using a pool. Solo mining, you may never mine anything.

Without a better description of your hardware, it's going to difficult/impossible to help you. Once you have figured out what you have, you might want to consider finding an appropriate thread under tha "Hardware" sub-forum.

In short if you were expecting "get rich" by mining, prepare to be sorely disappointed.

what , you through a dedicated server is needed to  mine bitcoin , nah , you just need a powerful Gpu , or
Asic hardware that will be more powerful mining bitcoin and also more cheap .

Yeah it's in a pool, I know it's difficult to get rich off of this. It's an Antminer S3 does my client have to hit a certain block or does it even matter?

GPU day's are really over for most.  Even with cheap electricity you need an asic not a GPU rig.

Even if you run at a profit I don't see any way to ROI on a GPU rig anymore.

Yes, find out the value of the 64gb dedicated server and sell it to the highest bidder!

You can't mine shit on server, unfortunately.  It's all about ASICs right now.

Sell that server, and buy BTC with the money you got from the sale.

this is true only if he intend to mine bitcoin, otherwise gpu are still good for other coins, you can roi much faster there

Try Qubit mining like me, you can still make good ROI ;)

Useless. Run a full node maybe. Google it.

I dont recomend buying a bitcoin. The price has been decreasing for much time now.

Flawless logic. rofl.

Tell you what, I'll gladly sell you one of mine for $1000.  It'll make you feel better since it's a high price!

I don't recommend it. You will not get as much as your monthly cost, except you have a powerfull GPU inside your dedicated server. Now people have moved from CPU mining and GPU mining era, so even you have a dedicated server, you will not get a huge ammount. I recommend you to buy an ASIC miner if you want to mine. But you must be aware with your electiricty cost

that's is exactly the reason to buy bitcoin, or you are telling me that you buy high/sell low, i would  not be surprised...

mining is miles ahead worse then buying right now

well in my point of view i mean like if no one mines even in cloud it requres more time for those confirms to get no? soo we better promote the cloud mining sites that are good and do mine for confirms like those of 49% of all mining bitcoins

There won't be such day as "no one mines" because if no one is mining, a person with comparatively less hashrate can mine a block and I am sure he/she will give it a shot. Also, if no one mines, the difficulty decreases, so a person obviously mines ASAP.

Cloud mining companies doesn't need us to buy hashrate for mining, they do it themselves even if we don't buy. When we buy, they get upfront/promised ROI and we take risks.

That's right exactly about cloud mining, that's why recently new cloud mining company builded. And most all used ponzi scheme(in the end scam) :P

If you are going to run a full node on a high end dedicated server, my advice is: don't do it.

Full nodes usually don't need high bandwidth nor specs to run on. I ran mine on a 6 core AMD for a month and it barely used 20% of all the cores. The bandwidth was around 200gb too. Reselling it would be a much wiser choice as it could yield more profit and possibly pay it off.

so how much hash can be gain with 64gb dedicated server?

servers are useless for mining, and certainly ram does not matter, you need a powerful asic to mine properly, or gpu if you're in the altcoin scene

Minning doesn't require system storage it depend on graphic card!!

Mining is basically dead best to just buy your bitcoins.

Is cex.io still viable?

Untrue. Mining is still possible and profitable if you have enough money to invest.


They stopped their cloud mining service. Now it is just a trading platform.

Large capital is pretty much just the small part of the equation for profit in mining. These are the remaining:

• Electrical cost

- the cost of running a farm is high. With high electrical cost, ROI is not possible

• Land cost

- If you want to make profit, you need to make it big scale. You probably would have to rent a warehouse. It has to have low rental rates to maintain the highest profit possible.

• Ambient temperature for the whole year

- if you live in the colder area, you wouldn't need much exhaust fans thus saving electricity.

• Salary cost

- You would probably have to hire someone to look for the ASICs in the warehouse.

• Supplier of ASIC

- You would need to find a supplier who can deliver fast and at low price to get into the game early this increasing chances of ROI.

This is what I think, so it might be totally wrong. I think that the days of Bitcoin mining are almost gone, with the difficulty so high, the network hashrate so high, that it makes mining to get your share of a block a task and a half to achieve. Altcoins seem to be the ones to go to for mining. But with the amount of scamcoins on the rise, it's hard to find one that is doing well in the market. What I do is go on a site which compares all (or the most popular) cryptocurrencies and displays them in descending order for which one gives the most profit, lowest difficulty, etc. From there, you can find the coin that mine and be able to get profit from. A site I recommend is http://www.coinwarz.com/cryptocurrency

The future of mining looks good, since it depends on two things with which we already have had good luck. Firstly, the companies that constructed ASIC units will need to continue building more efficient machines at more reasonable costs. Secondly, the value of cryptocurrency will need to continue to rise, like transaction volume does, in order to provide better compensations to more and more miners. It will solve an existing problem with the difficulty increases and the block reward halving which will take place within the next few years.

It's not fair to say this.   It is very individual on if you can mine.  You have to have low priced electricity, most likely no vat.  But it can be done.

It's come to the time where what I like to call "smart miners" can prosper.  Things such as knowing when to sell old equipment. When to underclock a machine to get better efficiency. 

As of right now there is no Proof of Stake system in bitcoin.

There are also some CPU mineable altcoins as well:

http://www.cpucoinlist.com/


I believe they do still support mining. It's just been switched off by default due to the recent price drop and they decided to shift the focus of their business to their exchange platform instead. You can choose to switch it back on if you want, although it would be pointless to do so since it's guaranteed to be unprofitable anyway:



What HasherHub said is correct. Bitcoin doesn't support proof of stake and it probably never will. However, there are altcoins that have implemented PoS such as Peercoin, NXT, and a few others. They aren't really profitable to stake though since even a large amount would only net pennies in staking rewards. There are some exceptions to this rule such as BTSX's DPoS system but there are usually other barriers toward entry (e.g. it's not easy to become a delegate). There are also coins like HYPER which have high staking rewards but the benefit is usually negated by the coin's high inflation.


It's only the amount of coins you hold that matters, as well as a few other factors like coin age depending on the exact system that the coin uses. If you had 1,000 proof of stake coins, then it wouldn't matter whether you staked those 1,000 coins using a Raspberry Pi or a supercomputer.

I would argue that CPU coins cost more to mine then you make.  And even if you run at a profit it's not a profit near paying for a rig with a nice CPU.

I wish CPU/GPU day's were here but sadly they are gone.