Bitcoin Forum

Hey everyone,

I finally got GUIMiner and puddinpop's CUDA miner working together. At the bottom right it's showing 21.4Mhash/s. Is that a decent enough amount to start my venture into mining? Also, what is this ASICs I keep hearing so much about? Is it server hardware? Is it a full server in itself? Is it software?

Thanks!
Ricky

what are you running it on

ASICS are hardware, as in hard to get and expensive, but around 300 times more efficient than your setup.

I have a Dell XPS17 laptop. The system specs are as follows:

- Intel Core i7-2640m CPU @ 2.8GHz/2.8GHz
- 8GB memory
- 64-bit Windows 7 Ultimate
- NVIDIA GeForce GT 555M

Have you not read anything or used the Search feature? This is asked nearly everyday and the answer is again, no. You are wasting hardware, time and electricity. Search for a Bitcoin Calculator.

https://bitcointalk.org/index.php?topic=139747.0

Stop mining with your laptop. Its not worth it.
If you want t mine, you must use an AMD GPU.

However, even that will be useless when ASICs hits the shelves, witch will be in some days or weeks.

I've read quite a bit around the forums. Although I don't appreciate the undertone you replied with, I appreciate the response.

You've read nothing or you wouldn't have wasted time posting.

Do you have a tracking device installed on my laptop? If not, you have no way of saying for certain what I have and haven't read. There is information all throughout this forum and finding a straight-to-the-point answer is harder than you think, especially when it comes to specific computer setups. Now, if you wouldn't mind, I'd like to end this argument, and I would appreciate if your hostility was directed elsewhere.

Because people like yourself are too lazy to do the search. This in turn floods the forum with these same type of questions answered over and over and people get tired of seeing them posted. Have you ever heard of Google?
 Do you own research!

Thank you. Apparently being new to bitcoin mining is something that's frowned upon seeing as how anyone who gets into mining starts out as an expert.

You may not realize it but there are plenty of tech-savvy people who visit this forum who need to know basic information that they've been unable to find elsewhere. I tried searching. Whether or not I was using the right search terms, I don't know. It's hard to get keywords right when trying to find the right topic, hence, why I made this one.

I'm asking you politely to stop being hostile in your responses. I agree that the information I'm looking for could be on this forum somewhere, and if it is, I apologize because I tried to find it. I did. The point of a forum is to ask questions, to get feedback, and to feed off of one another, whether you're new to mining or not.

You're doing lots of wear-and-tear to your laptop, you're also making a huge loss once you factor in electricity costs.

Mining on CPU's isn't worth it at all. The only profitable way to mine at the moment is a highly efficient GPU farm, an FPGA farm, or an ASIC farm once they're released.

Your mining income is around $0.07/day, its not worth it dude, and once the ASIC's are released, your mining income will be around $0.0035/day.

Thanks. I've uninstalled the mining software as I've realized that mining just isn't going to be profitable for me at the moment. I'll stick with what I know best until I can get a better upgraded Linux box running with the proper GPU cards.

Keep in mind that once Bitcoin ASIC's are released, GPU mining will earn around 80-95% less, so you'll be operating at a loss there as well. At the moment GPU mining is barely profitable.

IMO now is not the time to start mining, its best to wait and see how things go once the ASIC's are released.

To be fair, I first got into mining by setting up phoenix 1.5 to run as a screensaver on my brother Nvidia 9800 GTX. I was able to tweak it up to 29MH/s. Then I built my own computer with 3 ATI cards to get ~1GH/s. I seriously thought I was the shit, I was so happy.

So no, while 21MH/s is not worth it, it can be enough to give you the "itch" and want to get into mining even more. I do agree with Blazr that this is a very questionable time to get into mining, as there are a lot of uncertainties concerning ASICs, which will totally change everything to do with mining.

I can understand KWH to some degree, as your question suggests that you really haven't read alot about mining. Which wouldn't be a problem per se but so many ppl ask questions like that. I have just recently been interested in bitcoins too, an the learning curve is steep :)

The evidence that 20mh/s is not much is everywhere to be seen. Although I also must say that it's easy to get confused with older threads, where 20mh/s might have been more worthwile. But as the others already said, it's not enough, it's actually pretty bad. Plus, the times are over where one could get into mining and make a profit without investing both a lot of time and thousands of dollars/pickyourcurrency.

I mined for a couple of days aswell, just to get an Idea, and it was fun. So as a newb I welcome you to bitcoin! Have fun exploring  :)

Thank you. :) The road to learning bitcoin and immersing myself in it is going to be long and arduous. But as I've stated before, I'm in it for the long haul. :P

21 mhash = you.
35 mhash = my Intel i7 6 core CPU @ 4.7 GHz
700 mhash = Radeon 5970 (I have about the equivalent of 17 of these)
60,000 mhash = asic (only rumored though)

You tell me if you think thats decent.

Looks like I'll surpass you in bitcoin in no time! :P

Not the BFL asic ofc.. Ahah
Probably the avalon one

As others have stated, you'll end up spending much more than you make with that setup. I would recommend investing in purchasing BTC/LTC before i'd suggest anyone else buy an amd gpu and solo/pool mine. the ROI is just terrible nowadays. Even high end mining farms pale in comparison to the gh/s and power consumption of the newly 'scheduled to be released' $149 BFL Jalapeno.

Careful with that wording.

I do agree that right now is a bad time to get into GPU mining. I'm still making ~$600 USD/month at the current conversion with my GPUs but I fully expect that in ~1 month I'll be losing money running them. At the moment I'd just wait until BFL and Avalon have their backlogs trimmed to reasonable lengths.

Ha! So true! Fixed, and thanks!

I second that.  You've read nothing

What's your problem? This is a forum, not a wiki. He's allowed to ask questions even if you think they are stupid

Dude! Lurk moar!

I trolled the forums for about 6-8 weeks before I joined.  Learned a lot in that time.

This forum needs more visual detailed and educational how to step by step guides. Seems to be a lost noble skill. I too was hungry for information and after a few months of waiting for the asics to come out I read plenty.

The OP has made the mistake of asking stupid questions and hopefully the existing "experts" would be more mature about it and not stoop to the OP level.

To the OP good luck and read more. If you don't read then this is what you will have to expect from your peers.

Good luck

It is quite difficult to learn something by blindly reading a forum. Since you are unaware of what you are reading one post can point you into 30 different directions to learn more about the content in that post. Also when trying to figure something out or ask a question since you don't know it is hard to search the forum on something you don't know what to search for. That's why a lot of people just post the questions regardless if it has been out there or not. The forum has purge features and moderators to take care of spam, so let everyone post what they want, in the correct area if possible on this PUBLIC forum. If you don't like the forums "filling up" with nonsense then just skip over the thread. It's not like downloading on a 300 baud modem. Threads pop up almost instantly and isn't really wasting anyone's time.

Fail....
Primary school teaches us to carry the zeros for a quick calculation......

21.4 + '00'

= 2140 Mh/s or 2.14 Gh/s

Then you can even * by 3 (if you can manage it)
6.420GH/s

Which would make it a fairly piss poor ASIC

The only problem with ASICs is that they probably don't exist. But thats another story......

Yes, they exist. Dozens of forums users are already hashing with one of the AVALON ASICs.

If the OP wants to hash with something decent (67000 MHs), he has to buy an AVALON ASICs. But the price of batch #3 is +5000usd per unit, so the expected value is very likely to be negative.