|
Title: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: paramind22 on September 15, 2016, 06:16:39 PM An ASICMiner Block Erupter Blade can only mine bitcoins?
Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: xhomerx10 on September 15, 2016, 06:17:12 PM An ASICMiner Block Erupter Blade can only mine bitcoins? It can mine any sha256 coin. see this: http://www.coinwarz.com/miningprofitability/sha-256 Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: paramind22 on September 15, 2016, 06:26:14 PM So, do some of these coins have medium difficulty? They would be profitable? I'm optimistic about altcoins in general, just don't know about hashing these algorithms with this ASIC.
Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: xhomerx10 on September 15, 2016, 06:30:40 PM So, do some of these coins have medium difficulty? They would be profitable? I'm optimistic about altcoins in general, just don't know about hashing these algorithms with this ASIC. None of these coins would be profitable with the hardware you suggest. I surmised you were doing this as a hobby and not for profit based on your selection of hardware. Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: paramind22 on September 15, 2016, 06:37:46 PM So, do some of these coins have medium difficulty? They would be profitable? I'm optimistic about altcoins in general, just don't know about hashing these algorithms with this ASIC. None of these coins would be profitable with the hardware you suggest. I surmised you were doing this as a hobby and not for profit based on your selection of hardware. So, even low value coins with good dev teams can be difficult to mine? Any easy to mine right now? Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: xhomerx10 on September 15, 2016, 06:38:51 PM So, do some of these coins have medium difficulty? They would be profitable? I'm optimistic about altcoins in general, just don't know about hashing these algorithms with this ASIC. None of these coins would be profitable with the hardware you suggest. I surmised you were doing this as a hobby and not for profit based on your selection of hardware. So, even low value coins with good dev teams can be difficult to mine? Any easy to mine right now? None with sha256 to my knowledge. Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: DebitMe on September 15, 2016, 06:43:23 PM You can go to the coinwarz page above that homer linked and it will show you which coins are SHA256 and how much you will make with a given hashrate. You can also look at what other coins are profitable and from there look at what hardware you need to buy to mine them. But basically, expect to drop a few thousand to get anything worthwhile.
Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: paramind22 on September 15, 2016, 07:57:24 PM You can go to the coinwarz page above that homer linked and it will show you which coins are SHA256 and how much you will make with a given hashrate. You can also look at what other coins are profitable and from there look at what hardware you need to buy to mine them. But basically, expect to drop a few thousand to get anything worthwhile. So are SHA256 considered algorithmically inferior these days? Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: adaseb on September 15, 2016, 08:06:28 PM It doesn't matter what coin you mine the profitability will be the same as mining Bitcoin itself.
This is a tough and competitive business and people shred each other to bits to make an extra 1% in daily profits even. People are way too smart these days. If your blade mines at 10GH/s then you will make $0.20 per month. Assuming you don't have to pay for electricity. Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: xhomerx10 on September 15, 2016, 09:22:21 PM You can go to the coinwarz page above that homer linked and it will show you which coins are SHA256 and how much you will make with a given hashrate. You can also look at what other coins are profitable and from there look at what hardware you need to buy to mine them. But basically, expect to drop a few thousand to get anything worthwhile. So are SHA256 considered algorithmically inferior these days? There is no other algorithm you can use to mine SHA-256 coins so algorithmic inferiority is a non-sequitur. Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: adaseb on September 15, 2016, 09:28:12 PM You can go to the coinwarz page above that homer linked and it will show you which coins are SHA256 and how much you will make with a given hashrate. You can also look at what other coins are profitable and from there look at what hardware you need to buy to mine them. But basically, expect to drop a few thousand to get anything worthwhile. So are SHA256 considered algorithmically inferior these days? There is no other algorithm you can use to mine SHA-256 coins so algorithmic inferiority is a non-sequitur. Love your use of that specific vocabulary. Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: xhomerx10 on September 15, 2016, 09:36:34 PM You can go to the coinwarz page above that homer linked and it will show you which coins are SHA256 and how much you will make with a given hashrate. You can also look at what other coins are profitable and from there look at what hardware you need to buy to mine them. But basically, expect to drop a few thousand to get anything worthwhile. So are SHA256 considered algorithmically inferior these days? There is no other algorithm you can use to mine SHA-256 coins so algorithmic inferiority is a non-sequitur. Love your use of that specific vocabulary. I was trying to keep it short ;) Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: paramind22 on September 16, 2016, 11:08:58 AM You can go to the coinwarz page above that homer linked and it will show you which coins are SHA256 and how much you will make with a given hashrate. You can also look at what other coins are profitable and from there look at what hardware you need to buy to mine them. But basically, expect to drop a few thousand to get anything worthwhile. So are SHA256 considered algorithmically inferior these days? There is no other algorithm you can use to mine SHA-256 coins so algorithmic inferiority is a non-sequitur. So are SHA256 considered inferior to newer coins these days? That's all I'm asking. You mean: There is no other algorithm you can use to mine _non_ SHA-256 coins so algorithmic inferiority is a non-sequitur. ? Title: Re: ASICMiner Block Erupter Blade Cannot Mine Other Coins? Post by: xhomerx10 on September 16, 2016, 12:28:01 PM You can go to the coinwarz page above that homer linked and it will show you which coins are SHA256 and how much you will make with a given hashrate. You can also look at what other coins are profitable and from there look at what hardware you need to buy to mine them. But basically, expect to drop a few thousand to get anything worthwhile. So are SHA256 considered algorithmically inferior these days? There is no other algorithm you can use to mine SHA-256 coins so algorithmic inferiority is a non-sequitur. So are SHA256 considered inferior to newer coins these days? That's all I'm asking. You mean: There is no other algorithm you can use to mine _non_ SHA-256 coins so algorithmic inferiority is a non-sequitur. ? After SHA-256, each new algorithm was borne out of necessity (perhaps I should say most). As an example, scrypt was the next algorithm and purportedly ASIC resistant. Other algorithms were designed to use more memory (higher ASIC resistance), lower power or to require more calculations. The result was lower block times, faster difficulty retargets, ASIC resistance and even novelty. I don't think you could make an assessment other than using adoption to determine superiority. I would say Bitcoin has the advantage of being first and is by far the most popular... will it always be? Who knows? |