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Title: Newbie and question about Mt.Red difficullty Post by: mafamaul on March 31, 2013, 02:10:55 PM Hello,
I'm new here on the bitcoin community. I have started mining on Mt.Red. My question is what do the difficulty settings mean. My computer has a mining speed of about 15 Mhash/s. My difficulty is currently set to 1. I can choose 0, 1 and N. Which one should I use to get the most bitcoins? Thank you for your help :) Title: Re: Newbie and question about Mt.Red difficullty Post by: whitetoo on March 31, 2013, 03:58:46 PM I've also been researching this - perhaps I have this wrong but 15 Mhashs seems to be a waste of time and energy consumption - electricity charges will by far outweigh your earnings.
Check out this calculator: http://www.alloscomp.com/bitcoin/calculator Also mining hardware chart: https://en.bitcoin.it/wiki/Mining_hardware_comparison I tested on my home rig that generates 118Mhashs and thought this was poor. With dedicated hardware mining rigs the difficulty is set to rise which will make home rigs pretty much worthless. I'm a newbie as well to the mining concept so open to be corrected on any of the above. Title: Re: Newbie and question about Mt.Red difficullty Post by: mafamaul on March 31, 2013, 04:55:24 PM Yeah I know it's not much but it's something. Besides, I'm not paying for electricity since I live in student halls :D
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