Bitcoin Forum

I heard regular people can't mine anymore... is it possibe to mine any significant amount of coins? What equiment does it take to get started?

I'm new to crypto, but mining seems to be way less risky than trading. But I'm no programmer... what do I need to do to get started?

Options are getting slimmer, most people rely on ETH mining nowadays with GPU, but there are some rumors about ethash ASICs, so we will need to wait and see how that will influence the scene. There will still be zcash and monero to mine i thing but with all GPUs on that it will not be profitable...

Regular people can mine. To make a good profit you will need to spend a lot of time tweaking and doing research tho.

First thing i would suggest you to do is use google. This question has been asked a thousand times already. There is an overabundance of online guides and tutorials that will teach you everything about mining. Start learning if you want to start earning.

Unfortunately, mining can only be done by irregular people now.

</dad joke>

Seriously though... I am a regular person, and I mine with 5 GPUs.  Considering mining a hobby and not an income generator and have fun doing all the things.

I’m a regular person with only 16 GPUs.

16 is a good number, really.  :o

OP, I also regular people and I mine with a few of GPU, I'm not a programmer, I'm not an expert, and I'm nothing. I'm just studying hard about everything that I want to know, and now I am a miner.

I have a very simple answer to your question ;) HERE (http://lmgtfy.com/?q=A+Beginner%27s+Guide+to+Cryptocoin+Mining)

Bitcoin mining is profitable, but it is hard to keep it that way. I run a small mine as an educational hobby in to  garage. I know that whole project now percentage in the black with the rise in bitcoin prices. There is still a lot of controversy and confusion over what exactly this new payment technology will be used for, but as bitcoin concludes its this year of existence, what an adventure bitcoin mining moving around, but still distributed worldwide,The around cheap sources of electricity, particularly power of mining industry. Mining is an open software platform based on the blockchain technology that enables developers to build and deploy decentralized applications of regular people's used on mining project.

Sound like, everyone knows Google, but only "few" people can use google as an information source. And most people think members here better than Google, lol. Then they ask with a poker face here rather than ask Google that has a lot of databases.

If you want to mine nowadays you need to have many graphic cards, my colleagues have made a group by and have 20 mining computers, each one with 6 graphic cards. I was influenced by them so I build an eight graphic cards mining computer with Nvidia Gtx 1050 ti and for me so far it is a hobby and I am a regular person.

I say that you need at least 12 graphic cards or 2 mining computers in order to mine regularly, you can mine Eth for until the asics are all over us and the difficulty skyrocket, after you have to do some research to mine other coins.

I think it can, because mine can be done by anyone as long as there is intention and willingness bitcoin can be in mine, patience is the most important thing and diligent mining will increase coffer coin

I do consider myself a regular person and still can mine easily for some easy monthly profit with my 5x GPU rig.

Well, in some ways it is less of a hassle for a "regular person"--if you're a gamer you already have 1 or 2 gpus and can mine with them at night w/out buying new equipment. If you just want a small rig with a few cards you just have to build one rig and find a few cards. More cards, more problems.

I am a regular people with 10 Rigs already 2 years mining in altcoins as long as I can do it also means you can do it but I suggest if you will start mining for now, that this time isn't the right time to start because the market situation isn't friendly.

I know exaclty what you mean there by “regular people”. What he meant was if you’re putting up a small mine pc, would it be enough for the right amount of coins that he can get? Or you really need to push 2 PCs and 6 GCs on it to get your satisfied outcome. I personally haven’t started mining since I still have to learn how it works. But I think you really need to be prepared in terms of knowledge and of course, budget.

I have no clue what your definition of "regular" is. However, there are many people that I consider "regular", doing exactly as you ask. They are mining their lives away and enjoying every moment of it.

I also have no clue what your definition is "significant" is, because if you are asking about a particular $ amount or a particular amount of coins you will have to be more specific. It is incredibly significant, the amount you are able to mine, because you can spend $600-$700 on a 1080TI and make the money back (at current rates) within 4-5 months. After 4-5 months, everything is profit and you have the option to sell the card for pure profit as well. You can make the judgement whether or not a profitable investment is significant. It is scale-able, phenomenally scale-able.


A GPU, CPU or ASIC hardware. I suggest looking for cheap 1080TIs that've been lightly used, or something else that is top of the line and going cheap right now. People are selling their gear off out of worry, so now if the time.


Mining or trading are significantly less risky when you are educated and informed about them. You are much less likely to take a bad trade or make a bad equipment purchase if you are good at the corresponding skill. Knowing what the avoid, what to buy, how much your electricity costs and what kind of wiring, breakers and circuitry is in the mining area are all things that need to be considered. This list is by no means extensive, but it gives a starting idea for the things to think about.

Seems to me you were confused, there is no problem to with mining for regular miners..
Well established coins can't be mined with huge numbers cause the diff is too high already..
So your choice is new coin, you have to find it and mine

mine can still be done, the hardware must be appropriate, the tool to mine the eth coins is usually different from the hardware to mine bitcoin, maybe that is not able to mine it because the result is not appropriate, because it is too many miners, so the result is little

Yes, BiblePay is open to all

LOL at all these guys with 4+ GPUs saying they're normal.
 
  ::)

Regular people are still mining - they're just mining Monero, Masari, Nerva, or Dero

NO !
Mining is strictly for fools suckers and idiot pipe dreamers

A simple gaming PC with one or two GPUs can still easily pay for itself in under two years, which is a nice upgrade cycle for a gamer, so I think mining is still worthwhile for the average gamer.  Just mining on Nicehash and getting a few dollars of BTC a day could be a decent payoff if/when BTC explodes again.  I'm not sure about CPU only mining with a simple office WP-centric PC would pan out, but someone here can probably chime in.

If you can identify coins that have not yet launched you might be able to start mining them before too many people start.  It's situational but you might be able to earn some money if you research and stay ahead of the curve.

I think the Monero is less profitable to mine than the ETH at present.

Dero Hash Rate: 720.40 MH/sec

 
16!? Why not asic at that price?

Did a blog post about it. Some napkin math in there as well.
https://bitorok.com/2018/05/21/interested-is-getting-into-crypto-mining-prices-and-stock-are-getting-better/

It's just my opinion though.

no. as CPU/GPU are screwed. Soon it will not matter if coins fork away from Asic as we will have reprogrammable miners from Bitmain that can mine any coin.

 Another way to look at it is that baikal n is only $450 now.

I only mine those coins with Mining App. One of such presently is electroneum, I mine with my phone though.

I dont get why I see these threads over and over. Im pulling almost $30 a day ETH or 600 + RVN coins. 12 cards. 5 RX 580 Saphire Nitro + Special Edition, 5 EVAG 1080's, 1 EVAG 1080 ti FTW3 and one MSI 1070ti

$30 a day with ETH those 12 GPUs? Sure you are.. I highly doubt it.

Anyway what you need to consider is not TODAY but the NEXT MONTH (June) because that is when the first batch of Z9 ASICs arrive and that is probably also when NVIDIA may announce the new series of 1100 GPUs. Z9 ASICs will reduce profitability and new GPUs will surely reduce the value of your old GPUs.

Add to that the threat of Ethereum switching from POW to POS, then you have a massive shit storm coming to miners. Probably not a good idea to start mining right now.

But are they really mining those? Did some calculations on the profitability of these coins, they still seem to be shit though. I'd rather mine Monero and not risk the coin's value going to shit like these little unknown coins you mentioned. Or am i missing something?

I have 6 RX 480 and 6 1070 and I make $20 a day before electricity costs with is about 1.50 per rig ($3 total).  I started mining Jan 22 and my break even date is July 22.  You can believe what you want but the math (and the coin in my wallet) says otherwise.  You just have to do your homework.  Build as cheap as you can, and hope everything goes as planned.  1100 GPU wont be out till Q4 of this year if that and I wouldnt worry about ASCI.  There will always be coins to be mined and if CN is any example to you what happens when ASCi threatens... you just change the ALGO and ASCI goes away.  BTW If you dont think those ASCI are on line already you are fooling yourself.  Bitmain is the biggest ripoff in Crypto and fools keep throwing money at them.

I don't understand what your point is. You're making it sound like having a couple of hundred bucks makes you beyond the capability of a normal person. 4+ GPU is not unattainable to a normal person, especially if it is something you save up for or put a little time into. I have 4+ 1080TI and I'm a normal person, definitely a computer enthusiast though, don't know if that disqualifies me.

It is the internet.  It takes all kinds.  I have 17 GPU and I can tell you I didnt pay full price for more than half of them and about 4 I got for free.  There are all kinds of ways if your resourceful.

 
  This thread seemed to be comparing asic & GPU mining, and once you've spent enough for 4 or more GPU, you are as far into it as someone who bought an asic instead.   You either have a mining setup(many GPUs/ASIC) or you don't. Since most people don't have more than two(gaming) tops, I would say that you're a miner, not a regular person.  Nothing wrong with it, just saying that if you don't have some sort of a rig/asic, you can't expect to really make anything over change every few months.

Regular person with 66 gpus here. Seriously what makes one a non-regular person? Whether you mine with 1 card of 1k cards its still profitable atm.

My opinion is that regular in this sense refers to gamers or casual enthusiasts who are mining with less than 13-GPUs in a single mobo at home. Anything below that and i believe they are mining inefficiently to the point that they will be the first ones to go when mining becomes unprofitable altogether.

GPU mining is now about maximizing your mining revenue while reducing your electrical costs. ASICs are great at this and unless devs do something to dennounce them, ASICs will take over the entire crypto-mining scene.

 
  IDk if FPGAs are stoppable, asic resistance seems kinda pointless atm IMO

check out aquachain (https://github.com/aquanetwork/aquachain/wiki/Mining), a new coin, you can mine to a pool with a laptop or better.

of course, machines with better CPU will get more coin than others. but if you have one or a few computers you can dedicate to mining 24/7 you can start by just trying to coordinate them all to mine to the same pool

as far as mining AQUA (process is similar for all coins):

step 1: download (or compile (https://github.com/aquanetwork/aquachain/wiki/Compiling)) the aquaminer and aquachain programs from https://github.com/aquanetwork/aquachain/releases

step 2: unzip, and, if you want, rename the executable to 'aquaminer' (or 'aquaminer.exe' on windows) and 'aquachain'

step 3: create an aquachain wallet with the 'aquachain.exe' command ('aquachain.exe account new' or inside the AQUA console: 'personal.newAccount()')

step 4: open a console window (windows 'cmd'). start the miner with chosen pool like so (make sure to change the address which is zeros here:


or


step 5: automate this by creating a shortcut or script to make it easy to launch your miners.

Output should look like this (i5 6600k skylake):

https://i.imgur.com/0ATt0Hg.png

You can replace 'worker1' with any short string to keep track of particular workers. some ideas are the cpu or server type.

Its good to check the pool's 'miners' page and click your address to see each of your worker's stats, in case maintenance is required.

about aquachain: 1 coin reward per 4 minute block, with scheduled hard forks and eth compatible smart contracts. began march 3rd this year.

have fun and keep mining!

Im a regular guy and I have 28 GPUs strictly for mining.  Im in it for the $$$.  I play the coins and I mine for BTC earnings(not to be confused with mining BTC) when Im too tired to research what to mine any given day. Maybe ill get rich, maybe I wont but Its fun scaling up.  Building another mining rig this weekend.

Basic psychology can explain why people want mining to last, people want to be happy. They want to earn passively without much effort. It's a dream come true for some, even me.

However, a simple reality check of the current situation will show you that GPU mining won't last. You have been warned.

mm.. what's the minimun investment to have a roi + a return of 10% about!? tnx.

Which coin do you suggest to mine guys?

I run a thread about CPU mining here: [CryptoNight] CPU mining guide & coins that will get you a return (https://bitcointalk.org/index.php?topic=2891680.0)

I think the best option for you right now would be to start mining with your CPU and avoid making an investment in expensive GPUs.

since the cryptonight coins anti asic forking wave, mining is very very profitable again...you just need to do some research and find the pearls

As a newbie member, i would recommend you to checkout minergate. The program is simple overall. Just sign up on the website and Install the program.
It will automatically mine the most profitable coin. You can mine for 1 day and get an estimation how much you can get in a week

Then we shall develop the FPGA resistant PoW.

Then we shall develop the FPGA resistant PoW.
[/quote]

 
     As long as the equipment is as affordable as GPUs why?   If btc asics were 300-500 my fears and worries about them would vanish. Due to the big boy (monero) forking away, cryptonight asics are as affordable as GPUs.
 
  I develop and I have NO mining equipment, I have a x230 thinkpad, anyone with 4 GPUs is just as far from me as the best asic.  It's just arbitrarily drawing a line in  the sand saying "people with X hash can't mine my coin".   IMO it's better to offer more value to people with lower hashes than outlaw people with higher hashes.
 
  As long as asics are in the hands of end users, and not a monopoly like bitmain, they are a positive force, not a negative one.
 
 
  People with insane mining rigs destroy the Satoshi vision of one CPU one vote, which in it's original form is STILL heavily slanted toward the wealthy.  Crypto has to be for everyone for it to be more than an investment.

Sure, just have to do due diligence, research, and be willing to take a few small calculated risks as the one trick pony days appear to now be somewhat distant.

Looking at how much the price of BTC (and many others) dropped $600 today or so my guess is Mt. Gox Trustee sold off some more BTC.  And ive also been noticing a substantial increase in mining amount (daily) for me on equihash and DaggerHashimoto.  My guess there is alot of have abandoned ship on mining equihash because of the impending shipments of ASICs next month.

This is a common misconception. Mt God coins never hit an actual exchange.

There are billions of dollars in the OTC markets for BTC and that's where the coins are mainly sold.

They are sold privately and usually sent to an individual wallet and haven't moved since.

If the coins were sent to an exchange and sold off we would easily be able to trace which coins and which exchange.

I cant dispute anything you said.  But I also didnt say anything about "where or to whom the trustee sold of to.  It is factual that if you look at both times (that are known) when the trustee sold off BTC, what did BTC value do?  It took a slight nose dive BOTH TIMES.  Yesterday sure looks like the 3rd time.

[quote ]

If the coins were sent to an exchange and sold off we would easily be able to trace which coins and which exchange.


[/quote]
 
 man public ledgers are crazy

I suggest you use Google. This question was asked more than once. There are guides and online manuals !!

I started to learn some things about mining. It's true - now is a good time to mine Zcash?

It's not a good time to mine ZEC as they have not confirmed if they will be forking to fight the Equihash ASICs. Seems like a lot of GPU miners have dumped them to provide support for other coins.

 
 
  Judging from zookos tweets, they will not be

didn't knowed that. thanks for info.
so what is the best choice at this moment for mining?

i dont know how its on equihash coins, but for cryptonight coins best time for mining was right after the antiasic fork block and it still is. all forked coins are very profitable for gpu miners again.

thats ridiculous, now is the time! Difficulty has gone down or remained near the same.  It appears many have bailed out. I am making a killing!

Your "it's not a good time" statement is extremely subjective.

If people stop mining ZEC then it will mean it will once again be profitable, if it is profitable then people will resume mining it. Sadly, thats how the world works and as long as something is profitable you can expect someone will try to make a quick buck out of it, regardless of actual support towards the coin.