Bitcoin Forum

Hi, 
I just recently came into the game just this past Sunday, unfortunately I didn't think much of bitcoins and mining back in 2009 when I first saw it coming out.  Iv been doing a lot of reading on all the different areas, and this is a lot of stuff to learn.

It comes down to this:
I can invest and trade like I do in the stock market - but I would rather *not* since I am not familiar with this exchange.
Or, I could CPU mine with a couple computers from work.

(x2) Intel i3-2130 and (x2) Core2duo 3Ghz, 4-8GB RAM
I also could get a computer or 2 running @ home since it is also a flat rate electric bill.

The i3's would run 24/7 and the Core2duos only at night.  No machine expenses or electric costs since its a flat rate monthly electric bill.

Is CPU mining profitable?  How much could I make in a month running these machines? 
If there is something a bit more profitable I have to invest in I could do $2000.  The problem I have seen with bitcoins is the machine costs will never pay off if i get a 2Th machine.

Depends on what you are mining  :D

There aren't a lot of CPU only coins left. Dimecoin is one of the most prominent. My advice to you is to get some AMD GPUs and mine some sort of scrypt coin. Or if you really want to, you can mine DIME :) PM me

CPU mining bitcoin stopped being profitable 2 and a half years ago. Today you'd spend $1000 in electricity to earn $1 worth of bitcoin, so no...

lol.

Assuming that the price of bitcoin continues to outpace the difficulty you can make a profit mining with ASIC hardware. There are some good deals on the last generation of miners if you don't mind used, or you can use hosted mining which is what I'm doing.

I wouldn't GPU mine at this point. scrypt ASICs are arriving on the scene and changing the game considerably.

Scrypt-Jane coins is what I meant. Or just stick with DIME  ;D 100% ASIC proof!

If you're mining Memorycoin, it's possible to get a couple bucks a day best case scenario:

https://bitcointalk.org/index.php?topic=439874.0 (https://bitcointalk.org/index.php?topic=439874.0)

You'd probaby need a core i7 and decent cooling/air flow so to avoid overheating your PC though.

 Scrypt-Jane coins is what I meant. Or just stick with DIME  ;D 100% ASIC proof!
[/quote]

While I agree you can make money that way, I'm against supporting the continued inefficiency of using GPUs to mine. It's just a huge waste of electricity compared to ASICs. 

While I agree you can make money that way, I'm against supporting the continued inefficiency of using GPUs to mine. It's just a huge waste of electricity compared to ASICs. 
[/quote] True.

This was one of the coins I saw on another website that was recommended to mine making a couple bucks a day. No lie, I would be happy if I could make about $100 a month on the side running a few computers at work and one at home if I can do it with the current hardware available.
Once you start factoring in hardware investment, I really don't ever see the money coming back into your pocket. Unless you are constantly buying the latest hardware, mining with it a couple months and selling the hardware to buy the latest and greatest all over again.

You may want to look on this algo ;)
https://bitcointalk.org/index.php?topic=525926.0

Cpu mining is not for bitcoins. You can get more hash with a few asic's

Watch this video: https://www.youtube.com/watch?v=GmOzih6I1zs
You could get started with an S1: https://bitmaintech.com/productDetail.htm?pid=00020140107162747992Ce5uBuxW06D6

Not any more, almost all CPU coin either get killed by GPU or botnet..

Quark is pretty much dead. The only lively one left is DIME :)

Could I make any real world profit if i were to put a Graphics Card on each machine mining something other than Bitcoins?

Not much profit. Your card would only ROI in like 5 months or so.

total supply of 460 Billion  :-\  ::)

Your point?

Which again might not last long :)

But also may, why not? ;)

You probably still could, but You won't be able to live in the room where the cards are running due to heat they produce (unless you have powerful air condition, but that would be double waste of power).

If you really want to try mining, go to Group buys section and find some reseller of Gridseed miner in your area, buy one for roughly 110 bucks and you can start playing. Gridseed miners are basically replacement of Graphics cards for scrypt mining but their power consumption is much lower so they don't produce too much heat. You can have your investment back in app. 5 months but it depends on many factors...

Absolutely not true. Don't listen to this guy, since he has no idea of what he is talking about.
I have a rig, made up of R9 270, which is a good cheap card to start a rig with. They are running overclocked @ 70C, but that does not mean that your whole room will be boiling. In fact, I have it in my living room, and all it does is keep the room a bit warmer at night. Not much of a noticeable difference.

I have in the room 2x R9 290 and 2x R9 280x so I know what I am talking about ;)
R9 270 will cost about $180 and hashes max 480kH/sec, one Gridseed costs $110 and hashes 360kHs, do the math yourself...

Then your cards seriously have a problem. It should not produce that much excess heat.

Also, may I ask, where can you find a gridseed for $110?

Looks like there's a bunch of Gridseed sellers in the Group Buys section around that pricepoint:

https://bitcointalk.org/index.php?board=137.0

hardware > group buy, or for example hashra  ;)

Most of them are selling @ around $200 per unit, and atari02, selling at $100, has a MOQ of 5, so that is still $650.

The OP already has a PC, and adding a GPU and maybe changing the PSU is less than $650.

You're going to order multiple anyways if you're going Gridseed(usually 10 or more), so yes the @$100 price point still stands.

Who orders just one Gridseed???  :P

I want to, but sadly I cannot find a good deal anywhere.
I've got a rig with one R9 270, and I cannot invest so much money. Gridseeds would be ideal, or I could add more GPUs.

If you're going to start slow and get one at a time, before going the volume discount way:

http://www.gawminers.com/300-kh-s-single-gridseed-asic-miner/

Then when you get enough saved up, you can get a 5 pack or 10 pack from one of the Group Buys.

Cheers.

Not bad. No money either lol, send some to the address in the signature below!

Comments:

1) There is another coin that can be CPU mined right now and that is Fairquark, but don't expect riches.

2) GPU's are a dicey proposition. The best value is PNY’s 750 Ti 2GB for $149 which does about 280 kH and runs a lot cooler than AMD cards.. Whether or not to buy this card depends on what the future holds for anti-ASIC algos.

3) GAW sells gridseed miners right now for $119 ea, quantity 5. I purchased 2 when GAW had a special $100 discount when you spent at least $300. Right now I keep my eye on them simply because they seem the most realisitic in that they appear to be dropping the gridseed price the closer it gets to when the 250 MH machines start being delivered. At 250MH for $10k, that results in a cost of $40 per megahash, whereas the gridseed right now is about $330 per megahash.