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Title: Can older Bitcoin mining equipment be used efficiently on altcoins? Post by: Numbers on June 29, 2017, 02:43:24 AM Can older model mining equipment be used to mine any of the altcoins new or old? Would it be efficient/profitable to do so?
I am completely new to mining. Title: Re: Can older Bitcoin mining equipment be used efficiently on altcoins? Post by: ESJai on June 29, 2017, 02:56:05 AM ASIC? No. It can only mine what it was designed for.
Title: Re: Can older Bitcoin mining equipment be used efficiently on altcoins? Post by: Vann on June 29, 2017, 03:15:52 AM You should be able to mine any coin that uses the same SHA-256d algorithm as BTC such as Namecoin or Peercoin.
Title: Re: Can older Bitcoin mining equipment be used efficiently on altcoins? Post by: QuintLeo on June 29, 2017, 09:56:37 PM Only those coins that use the SHA256 algo can be mined by "Bitcoin mining equipment" - Namecoin is probably the best known of those, but *right now* DGB and Myriad (both of which can be mined using one of 5 different algos) are probably closer to being profitable.
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