Title: Using my small business to mine Bitcoins Post by: bitcoinminer223 on December 14, 2013, 12:42:40 AM Hello everyone! I hope this is OK to post in the newbie forum.
I have just heard about mining bitcoins and I would like to start doing it. Here is my situation: I own a small business. Basically I run a computer lab, I have 32 high-end workstations in a room that anyone can rent out. Usually startup teams will come in and work in the lab. I have them all set up on a Gigabit network and they all have GPU's (nvidia unfortunately) with OpenCL and CUDA set up on them. Lately I have been renting out only a few machines and the rest of them are sitting there idle. I'd like to use the idle GPU's to mine bitcoins! I pay a flat, yearly rate to the building owner for electricity so cost of power consumption is irrelevant to any profit I may make. I am a systems administrator and programmer by trade so I feel it should be easy for me to get started. I've read the basic guides via google but I feel like I don't quite have a realistic grasp on how I should set this up. With my setup (32 GPU's), would it be feasible for me to mine bitcoins on my own? How do I distribute the work? Any advice is appreciated. Title: Re: Using my small business to mine Bitcoins Post by: zimmah on December 14, 2013, 12:47:42 AM better mine litecoins, it will takes months for your computers to mine a dollar worth of bitcoins.
Title: Re: Using my small business to mine Bitcoins Post by: bitcoinminer223 on December 14, 2013, 12:55:35 AM Indeed that is what I was afraid of. What would be a realistic profit from litecoins?
Title: Re: Using my small business to mine Bitcoins Post by: nicksly on December 14, 2013, 12:56:41 AM hi
first, dl the Litecoin wallet then sync it. look at https://litecoin.info/Mining_hardware_comparison for all your 32 PCs nvidia gpu dl CudaMiner for mining on all the PCs register on a Litecoin pool set 32 workers set 32 CudaMiner set your Litecoin adress for payment and go for it ! Title: Re: Using my small business to mine Bitcoins Post by: AbiTxGroup on December 14, 2013, 01:03:42 AM The 32 GPUs would be great if they were radeons. Nvidia GPUs dont mine well at all. Without changing the GPU's, you could do some CPU mining for some of the scrypt coins. Check in the "Alternate Cryptocurrencies (https://bitcointalk.org/index.php?board=67.0)" section and the Bitcoin Wiki (https://en.bitcoin.it/wiki/List_of_alternative_cryptocurrencies).
Not sure which coins are designed for "CPU" mining only, but I remember seeing some info about that in the past. Title: Re: Using my small business to mine Bitcoins Post by: Ethan1581 on December 14, 2013, 01:04:40 AM Litecoin is a very good one to mine, but i would recommend this site to help you find out
http://www.coinwarz.com/cryptocurrency Basically enter the amount of KHS you get and see the results. The profits do change alot so be aware of that. I would recommend this application to mine with: http://guiminer.org/guiminer-scrypt.html Title: Re: Using my small business to mine Bitcoins Post by: zimmah on December 14, 2013, 01:06:44 AM Indeed that is what I was afraid of. What would be a realistic profit from litecoins? what cards are in these machines? and do they have 1 card each? Title: Re: Using my small business to mine Bitcoins Post by: Itun on December 14, 2013, 01:09:39 AM Do not mine bitcoins with those GPUs.
You'll do much better mining LTC with them. Title: Re: Using my small business to mine Bitcoins Post by: bitcoinminer223 on December 14, 2013, 01:34:08 AM Thanks for the advice so far! Is there a simple test I can run to figure out my KH/s on a single GPU?
Title: Re: Using my small business to mine Bitcoins Post by: Itun on December 14, 2013, 01:40:58 AM Thanks for the advice so far! Is there a simple test I can run to figure out my KH/s on a single GPU? https://litecoin.info/Mining_hardware_comparison Well, here is a good list of estimated KH/s for almost every GPU out there. Title: Re: Using my small business to mine Bitcoins Post by: nicksly on December 14, 2013, 01:42:34 AM if you know the nvidia gpu go to
https://litecoin.info/Mining_hardware_comparison you will see the Khash/s X32 , it can be good for mining with CudaMiner that's what i said in my previous post.... Title: Re: Using my small business to mine Bitcoins Post by: pand70 on December 14, 2013, 01:46:23 AM If you don't care about electricity cost then it won't hurt you to try and mine some altcoins. Download cudaminer to max your results for the nvidias.
https://bitcointalk.org/index.php?topic=167229.0 Title: Re: Using my small business to mine Bitcoins Post by: raspcoin on December 14, 2013, 08:42:08 PM Do not mine SHA-256 coins like Bitcoin with consumer hardware, it is not profitable anymore. Mine scrypt coins like Litecoin with GPU's and CPU-only coins like Primecoin with CPU's.
Title: Re: Using my small business to mine Bitcoins Post by: gongomanny on December 14, 2013, 08:59:34 PM Do not mine SHA-256 coins like Bitcoin with consumer hardware, it is not profitable anymore. Mine scrypt coins like Litecoin with GPU's and CPU-only coins like Primecoin with CPU's. This, you can always trade easily the mined altcoins to Bitcoin |