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Title: Newbie About Mining Hash Rate Post by: xty on February 14, 2014, 02:13:44 PM Hi,
I am new to mining bitcoin and i was wondering if it was worth mining at 47Mhash/s ? I personally think that the time,heat and energy is wasted at that speed, am i right? My laptop details: Quote Intel(R) Core(TM) i7-4700MQ CPU @2.40GHz 2.40GHz RAM: 16GB NVIDIA GeForce GT 740M Intel(R) HD Graphics 4600 Its actually on the NVIDIA i get that speed. Thanks for helping me out :) Title: Re: Newbie About Mining Hash Rate Post by: InsanityDev on February 14, 2014, 02:28:05 PM Hi, I am new to mining bitcoin and i was wondering if it was worth mining at 47Mhash/s ? I personally think that the time,heat and energy is wasted at that speed, am i right? My laptop details: Quote Intel(R) Core(TM) i7-4700MQ CPU @2.40GHz 2.40GHz RAM: 16GB NVIDIA GeForce GT 740M Intel(R) HD Graphics 4600 Its actually on the NVIDIA i get that speed. Thanks for helping me out :) correct, however you may be able to successfully pool mine one of the newer cpu only sha3 coins, most are forked from quark, an example would be MetaCoin. http://zcoins.org:9842/ seems to be a pool for only sha3 cpu coins, so probably a good place to start. Title: Re: Newbie About Mining Hash Rate Post by: chocomav on February 14, 2014, 02:55:58 PM You could join one of the bitcoin mining pools, such as eligius and try mining for a 24-hour period, then see what your contribution and payout from the pool is. Based on what you receive for that 24-hour period, you can easily calculate if it exceeded your electricity cost for that same period. Similarly, you could then do same experiment for a couple of the other up-and-coming alternate crytocurrencies.
Title: Re: Newbie About Mining Hash Rate Post by: odolvlobo on February 14, 2014, 05:06:56 PM correct, however you may be able to successfully pool mine one of the newer cpu only sha3 coins, most are forked from quark, an example would be MetaCoin. http://zcoins.org:9842/ seems to be a pool for only sha3 cpu coins, so probably a good place to start. 47 MH/s is not likely to pay for the electricity. Even if it did, it certainly wouldn't pay for your time. At the current difficulty, 47 MH/s will mine about 0.00001 BTC per day. That's less than a penny per day. I agree with InsanityDev. Your only option is to mine a CPU-only alt coin. Title: Re: Newbie About Mining Hash Rate Post by: Gabi on February 14, 2014, 05:18:38 PM Bitcoin mining is to be done with ASIC. Bitcoin mining with processors or GPU is dead.
GPU mining is alive for litecoin or dogecoin for example, but not with a nvidia card, and anyway not with a mobile card. As chocomav said, you can also CPU mine the coins he named. Mining with a laptop is always a bad bad idea due to overheating anyway Title: Re: Newbie About Mining Hash Rate Post by: xty on February 14, 2014, 10:05:05 PM Thanks for the reply guys :) For the 1hr i let my laptop run the mining software, it was heating badly even with a cooler. I think i will have a look at the ASIC products if i would consider mining.
Title: Re: Newbie About Mining Hash Rate Post by: Sonny on February 15, 2014, 09:44:38 AM I think i will have a look at the ASIC products if i would consider mining. Be sure to check a profit calculator before buying any hardware or hashrate. :) http://bitcoinwisdom.com/bitcoin/calculator Title: Re: Newbie About Mining Hash Rate Post by: neot on February 26, 2014, 07:37:46 PM Mining with a laptop is always a very bad idea. Don't even think about that I agree. Most laptops don't have good cooling systems. |