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Title: Can some one explain me how to mine in simple steps? Post by: soumyasmruti on November 27, 2013, 01:32:32 PM I have been mining with 50 miners software for 2 days without any luck.
I have a average speed of 11mh/s. How many days will it take to get 1 bitcoin? Can some one tell me how to mine and where to min? how much it would cost me initially? I have visited lots of articles and threads but couldn't get what I am expecting. I have joined eclipsemc.com How to start mining there? Title: Re: Can some one explain me how to mine in simple steps? Post by: RaTTuS on November 27, 2013, 02:01:55 PM https://bitcointalk.org/index.php?topic=9430.0
software mining is dead, gpu mining is pretty much dead Title: Re: Can some one explain me how to mine in simple steps? Post by: soumyasmruti on November 27, 2013, 02:23:43 PM Can anybody tell me how to pool mine on eclipse mc?
Title: Re: Can some one explain me how to mine in simple steps? Post by: kwilliams on November 28, 2013, 08:21:45 AM 1. Create ecpilse account
2. Install cgminer 3. Run this from your command line: cgminer -o stratum+tcp://us1.eclipsemc.com:3333 -O username:password Title: Re: Can some one explain me how to mine in simple steps? Post by: vpasic on November 28, 2013, 10:46:24 AM I have been mining with 50 miners software for 2 days without any luck. I have a average speed of 11mh/s. How many days will it take to get 1 bitcoin? Can some one tell me how to mine and where to min? how much it would cost me initially? I have visited lots of articles and threads but couldn't get what I am expecting. I have joined eclipsemc.com How to start mining there? software got nothing to do with mining. you mine with hardwer, software is just tool to operate hw. you can't earn anything with 11mh/s. I made a math for you. if difficulty stays on 609 mil forever you will need little over 300 years to earn 1btc! and I'm not kidding! with 11mh/s and 609 mil diff you will earn 0.00027593 BTC/month, so 1BTC : 0.00027593 BTC = 3624 months. 3624 months : 12 = 302 years!!! so if you are not willing to spend 5000-10000 dollars on some decent equipment you can forget about mining. Title: Re: Can some one explain me how to mine in simple steps? Post by: junshong on November 28, 2013, 12:49:43 PM 1) Preorder a BFL Monarch.
2) Wait for 2 years 3) ??? 4) Profit . Nah dont do that. Mining is no longer profitable. You might want to see the hardware comparison: https://en.bitcoin.it/wiki/Mining_hardware_comparison Helpful mining calculator: http://mining.thegenesisblock.com/ Title: Re: Can some one explain me how to mine in simple steps? Post by: rarkenin on November 28, 2013, 11:34:32 PM you can't earn anything with 11mh/s. I made a math for you. Nonsense, I made $270 mining on this piece-of-junk laptop I'm using at 27 Mhash/sec, just recently. Title: Re: Can some one explain me how to mine in simple steps? Post by: zvs on November 29, 2013, 12:18:19 AM I made two billions with minerd on my IBM PC/XT
Title: Re: Can some one explain me how to mine in simple steps? Post by: vpitcher07 on November 29, 2013, 12:25:41 AM 11MH/s?????? If you're solo mining that will never get you anything. If you want to even make some dust of a bitcoin join a pool like btcguild. You might get a 0.001 btc in a year at that hash rate. If you want to make some type of btc from mining you need something called an ASIC. They sell USB ASIC's on ebay which are going for around $30 right now. You will never ROI though.
Title: Re: Can some one explain me how to mine in simple steps? Post by: soumyasmruti on November 29, 2013, 08:40:25 AM I made two billions with minerd on my IBM PC/XT Gr8. Are you still mining on that? |