Bitcoin Forum

Other => Beginners & Help => Topic started by: Dr.What on December 11, 2013, 09:32:39 AM



Title: First post too!
Post by: Dr.What on December 11, 2013, 09:32:39 AM
Hello everyone. I got started a month or so back with a block erupter from ebay. Been lurking and learning about cryptocoins and thought it was time to join. I'm even mining a few altcoins and keeping all the fans blowing, haha.


Title: Re: First post too!
Post by: Jacce on December 11, 2013, 09:37:21 AM
Hello and welcome! I suggest you read https://bitcointalk.org/index.php?topic=177133.0


Title: Re: First post too!
Post by: newcn on December 11, 2013, 09:51:21 AM
Hello and welcome!


Title: Re: First post too!
Post by: shorena on December 11, 2013, 11:13:32 AM
How much did you invest in the block erupters and how much did you get in return?

tl;dr: was it profitable? ;)


Title: Re: First post too!
Post by: Dr.What on December 11, 2013, 09:27:59 PM
How much did you invest in the block erupters and how much did you get in return?

tl;dr: was it profitable? ;)

I paid $21 shipped from ebay. So far I've mined 0.029 on slush's pool.


Title: Re: First post too!
Post by: shorena on December 11, 2013, 10:21:28 PM
How much did you invest in the block erupters and how much did you get in return?

tl;dr: was it profitable? ;)

I paid $21 shipped from ebay. So far I've mined 0.029 on slush's pool.

So basicly no, but hey at least you didnt pay that moon prices they take here (>80€ for a single stick)


Title: Re: First post too!
Post by: fractalridge on December 11, 2013, 10:27:14 PM

Am I correct that block eruptors are only useful for SHA based mining?  With Bitcoin valuation going up so far unless you have MegaHash hardware you can't really get a ROI. 

Thanks!


Title: Re: First post too!
Post by: shorena on December 11, 2013, 10:31:26 PM

Am I correct that block eruptors are only useful for SHA based mining?  With Bitcoin valuation going up so far unless you have MegaHash hardware you can't really get a ROI. 

Thanks!

Yes sha 256 only, but other coins use that as well, though they are not valueable enough to make up for the energy costs. But that can change ofc.
High Bitcoin value is a good thing for miners, because it means their mined fractual bitcoin is worth more. His stick does ~330MH/s and costs ~2,5 Watt in energy depending on the energy costs 330MH/s = less BTC than you need to pay for 2,5 Watt.


Title: Re: First post too!
Post by: peta4e on December 11, 2013, 11:15:40 PM
I heard good things about Unobtanium - UNO : )