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Title: mining help Post by: dragonx on October 22, 2013, 05:49:03 PM i saw some USB miners on ebay is it worth buying one and putting it in my pc as i dnt have money for the more expensive miners and how much can you make from 1 usb miner
Title: Re: mining help Post by: c1010010 on October 22, 2013, 06:00:57 PM Just type in "bitcoin profit calculator" and you will get lots of hits.
keep in mind that things that look too good to be true usually are. A single USB is not going to do anything for you at all. Start thinking about 10 or 100 and you are talking. Title: Re: mining help Post by: c1010010 on October 22, 2013, 06:24:57 PM Take a look at this... it is only getting harder.
http://bitcoindifficulty.com/ http://bitcoin.sipa.be/speed-small-lin.png Title: Re: mining help Post by: avantgeek on October 22, 2013, 06:30:06 PM Most people will that you that buying Bitcoin directly is a better investment than mining these days.
Title: Re: mining help Post by: viriat0 on October 22, 2013, 06:31:29 PM Buy and guard! It is the best investment for now
Title: Re: mining help Post by: dragonx on October 22, 2013, 06:36:55 PM ok is there such thing as a USB litecoin miner or dont they exist
Title: Re: mining help Post by: c1010010 on October 22, 2013, 06:41:50 PM ok is there such thing as a USB litecoin miner or dont they exist There are not any ASICS for SCRYPT (litecoin algo) that I'm aware of. Litecoin was specifically designed to combat ASICS implementation. There are some FPGAs claiming to deal with SCRYPT, but I have not used or seen one operating in the way it was designed. Title: Re: mining help Post by: dragonx on October 22, 2013, 07:12:09 PM so the only way to mine litecoin is via your GPU
Title: Re: mining help Post by: odolvlobo on October 22, 2013, 07:33:13 PM i saw some USB miners on ebay is it worth buying one and putting it in my pc as i dnt have money for the more expensive miners and how much can you make from 1 usb miner One of those USB miners will mine somewhere between 0.025 BTC and 0.040 BTC. 1 BTC costs about $190 right now, so the miner will mine between $4.75 and $7.60 worth of BTC. I wouldn't pay more than $3 for one. How much are they? Title: Re: mining help Post by: dragonx on October 22, 2013, 07:54:03 PM bout £16
Title: Re: mining help Post by: odolvlobo on October 22, 2013, 09:09:42 PM bout £16 If your goal is to mine for a profit, then £16 is too much because it will never mine £16 worth of bitcoins. I would not pay more than £1.85 each. Also, keep in mind that the amount that a miner will mine drops about 30% about every 11 days. Over the next 11 days, the most I would pay will drop from £1.85 to £1.40. Title: Re: mining help Post by: zengryT on October 22, 2013, 09:14:54 PM A single USB is not going to do anything for you at all. Start thinking about 10 or 100 and you are talking. About the 100, one computer will be unable to mine on so many USB devices. 10 is ok though Just so you dont buy more than you can handle ;) Title: Re: mining help Post by: dragonx on October 22, 2013, 09:20:50 PM so i need to spend a load of money to make money with bitcoins :( dnt see the point in mining it now
Title: Re: mining help Post by: tondaS on October 22, 2013, 09:44:50 PM so i need to spend a load of money to make money with bitcoins :( dnt see the point in mining it now Your right, but keep your eyes on this possibility. Difficulty, ASIC prices / GHs and Bitcoin price are changing. One day, it might be good investment... Title: Re: mining help Post by: odolvlobo on October 22, 2013, 10:41:53 PM so i need to spend a load of money to make money with bitcoins :( dnt see the point in mining it now You could pay £2 for a USB miner (if you can find one for that price), and potentially make £1 or £2 profit. I don't think £2 is a lot of money. Title: Re: mining help Post by: young3dvard on October 22, 2013, 10:49:35 PM so i need to spend a load of money to make money with bitcoins :( dnt see the point in mining it now You could pay £2 for a USB miner (if you can find one for that price), and potentially make £1 or £2 profit. I don't think £2 is a lot of money. No one in his right mind will sell now USB block errupter for £2 Wait 2 months and you will find this offer ;) |
