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yes and no.

yes in that you can use it like a controller hook up a usb hub then buy mining gear to mine with.

no in that it is not fast to mine coins at a profit with out buying other gear to attach to it.


maybe you can mine dark coins

but btc no

ltc no


if you want a low cost asic mining gear for about 60 bucks there is a thread here crazy guy is the seller I will find a link


https://bitcointalk.org/index.php?topic=612390.0

look into his 57.99 usd item the r-box

 he has a website with paypal.  I am pretty sure it works with your pc if you have windows 7 on it.

No computer is good for mining.

You can attach ASICs to it if you are interested , but your computer will wear out before it earns you anything.

Computers are not good for mining anything except extremely new cryptocurrencies , with new PoW systems.

Forget mining, it's not profitable anymore for normal users.
If you want to have some profit just buy bitcoins from an exchange and hold them long term.

Maybe one of the altcoins, but BTC or LTC is not possible with this set up. You can get BTC trough other ways, see this thread https://bitcointalk.org/index.php?topic=525183.0 (https://bitcointalk.org/index.php?topic=525183.0) or simply buy them.

This is the kind of set up you need for mining these days http://www.sikharchives.com/wp-content/uploads/2011/10/bitcoin_mining_a.jpg (http://www.sikharchives.com/wp-content/uploads/2011/10/bitcoin_mining_a.jpg)

Both OP's CPU and GPU are quite dated, and so I don't think he should mine any coins, not even CPU or GPU coins.
The hashrate he can get would be extremely low, and it simply doesn't worth the time and electricity.

Bitcoin can only be profitably mined with specialized ASIC equipment so forget about mining Bitcoin with that setup unless you want to buy an ASIC.

I would assume the ATI Radeon 9800 Pro isn't too bad. I remember it was absolutely the best card that money could buy back in 2003. It might be possible to mine GPU coins with it but I'm not sure how it stacks up with newer generation cards which probably now far outclass it. Might be worth a shot though.

Perhaps you could try mining CPU coins too. Your processor doesn't seem too terrible but I doubt you would see a profit when other people are using far more powerful/efficient i5s and i7s to mine. Here is a list of some of them if you're interested:

http://www.cpucoinlist.com/ (http://www.cpucoinlist.com/)

Oh cmon, gpu is the crapiest crap also cpu is a real prehistoric. He can't mine nothing with this.

Sadly I would say no.  I suggest getting asic's if want to mine.

Your GPU/CPU are not going to bring much in money from mining.

That thing is 11 years old then. I doubt it will be good for mining anything. Heck, does it even support running code on it? :D

"Back in 2003" LOL. Its currently 2014, every single miner should have one of those new cards, not one that is eleven year old. Furthermore, it does not support OpenCL and alt coins isn't as stable.

Probably not, it doesn't support OpenCL at all according to the wiki page http://en.wikipedia.org/wiki/Radeon_R300

Yeah, then the best thing it will be capable of doing is displaying a Command Line Interface with cgminer running, I guess ;)

Back in 2003 bitcoin was not even thought of yet, let alone invented.

I dont think any computer is fit to mine alone, unless you are using it to install the mining pool software etc.

This is definitely true nowadays - at least for SHA-256 coins such as Bitcoin, but it wasn't case before SHA-256 ASICs arrived in 2013. Someone even mined hundreds of bitcoins on an old Pentium 4 back in the early days of Bitcoin. And even up until 2013, people were using high-end gaming rigs with expensive GPUs to mine.

If you want to mine bitcoin OP, you need to buy specialized hardware (an ASIC). A general purpose computer is now obsolete for mining Bitcoin, ASICS are hundreds of thousands of times faster than PC's.

There may be some altcoins you can mine however if you want to do that. You can sell them for Bitcoin and "mine bitcoin" that way.


Actually you are wrong... twice!

He meant the GPU came out in 2003. But also the general idea of Bitcoin was thought of before 2003, Satoshi was just the first to publish a fully working client for an idea people had been talking about since the late 90's.

http://www.weidai.com/bmoney.txt - written in 1998
http://unenumerated.blogspot.com/2005/12/bit-gold.html - also worked on since around 1998

The CPU doesn't have the instruction set capable of mining any decent CPU coin.  It also can't run a 64 OS so no mining of modern altcoins.

The GPU doesn't support OpenCL so it's useless too.

The only thing it might be good for is hosting an ASIC - he would have to buy an ASIC and mine with that (see the link for CrazyGuy's sale).

Not really,

It can mine but not very fast believe no GPU either so cannot really do much.
So pretty much worthless as DrG said.

Just curious, did you read some very out-dated tutorial in bitcoin mining?

Electricity will cost more than you'll be able to mine.

I wonder why all those sites haven't been updated in such a long time. There are still tutorials about GPU-mining and FPGAs are the latest craze! Also, BFL and Mt. Gox mentions everywhere.

someone googles it, they want the traffic..

Unless your computer looks like this...

http://media.komonews.com/images/140311_bitcoin_mining_660.jpg

I would forget about mining. As pictured above, bitcoin mines are now reaching industrial scale.

Mining is useless now on a computer. Not only will it cost more in electric but the wear and tear you will place on your computer will cost you as well. If you want to mine buy an asic miner otherwise just buy bitcoins from a service like localbitcoins

Technically It's possible to mine but this kind of mining would bring you loss and no profit, get asics if you want to mine and in overall I wouldn't mine BTC, only experience people can still make profit from mining.

How much can you earn with Asic Device and which coin do we mine?
I've tried to contact a person who sells Antminer S1 in our town and I guess I could use it to mine some coins.

Where is that picture coming from? Which mining farm does it show and what's their hash rate? Looks mezmerizing :D

It is from a news which covered bitcoin. They actually went inside the mining datacenter. It is owned by megabigpower.com. They are located at north America and their hashrate should be about 6 PH.

Wow! Is the excess heat utilized in some form? They could heat a greenhouse or swimming pool with it.

Today, individual mining is only profitable in some altcoins and only if you've researched and planned it well.

ya.ya.yo!

That's pretty impressive! They could be best of by utilizing immersion cooling for their operation! But if they are located in Nothern America, I wonder if they're in Washington State. There are places where electricity is practically free. In that case they wouldn't even need to cut their costs by using immersion cooling!

Thanks for sharing picture.  I had not seen inside of the bitfurry one before.

Is this a bitfury mining farm? I thought this was a farm run by megabigpower.com... Are they maybe running bitfury equipment?

You are right.
I just tried googling "buying bitcoin" and I am really surprised to see a site in page 1 still putting mtgox on the "top places" lol...

Try googling friedcat or AsicMiner and see how big their farm is.  They're sitting on 150PH/s worth of chips and trying to find buyers or they're just going to make miners themselves.

You can find the news article (together with a video) on that the following page.
http://www.komonews.com/news/local/Bitcoin-Modern-day-gold-rush-or-risky-investment-249577361.html

That's a nice looking mining farm, does it cool with liquid can't tell much from those pictures
Still sexy

Oh thanks Tammy Chan (Kawaii namae)

His company, MegaBigPower, has invested over $1 million into two warehouses that feature hundreds of mining rigs running side by side on dozens of racks that stand seven feet high. It consumes 1.4 megawatts of power - enough to run a small town. It currently relies on huge fans circulating outside air to cool the rigs. During a recent visit, it was 30 degrees outside and 102 inside.

"I don't even know how many rigs we are running; we are expanding all the time," says Carlson. Each mining rig is valued between $5,000 and $6,000 and relies on the Bit Fury processor that has been custom-engineered to run the algorithm Bitcoin requires.

"The business plan was designed at $50 Bitcoin," says Carlson. With Bitcoin now trading near $650, that's quite a profit if it's converted into dollars.

As someone else mentioned, I'd kinda forget about mining. CPU/GPU mining is dead and the only way to mine is by either buying an ASIC or cloudmining (which again, I wouldn't really recommend).

Do not mine on GPU, better buy BTC now as its cheap or get some ASIC 

So I am new to bitcoin/mining.  Waiting for my first as ASIC miner to come in mail.  Not sure if this right topic or spot to ask, but have been researching and found that having your own dedicated server is best if you where to mine?... Understanding equipment cost +/- $k, but in this case I am currently living with my fiancé and parents who had a call center business not work out :-\ and currently own a Dell PowerEdge 2900 with 48g ram 6T SATA just sitting there for past year and a half  :o(also cage and racks in storage all server room equip.).  I guess question is (we have fam member that know how to setup and what not), is this the better route to go? or other means (pools or personal)?...I appreciate any feedback. Thank you.

I'm not sure who told you that you need a server to mine.  With current ASIC mining technology you not even need a single computer to mine as some ASICs like Bitmain's S3 connect directly to the pool with an ethernet cable.  Other miners require some basic control either through a raspberry pi or a basic PC but you don't need a server level machine.

Nobody told me I need a server to mine, just have one sitting there and my first ASIC rigs on the way is what I mentioned.  Specifically the r-box newest gen... This is a question of operating a server as a host for other miners/investing, I guess, as well as running my own ASIC rigs, also about making your own pools but need server and such....  I am new, like I have mentioned but always learning:).  I appreciate any input/advise and thank you. ;D

Well you could use your server to host a pool but that would require quite a bit of low latency bandwidth, tons of time (I mean tons if you want the pool to succeed), and the electricity to support a powerful miner.

If you're willing to donate bandwidth and electricity you could always run a Bitcoin node - which simply means leaving Bitcoin-QT running so you can relay the blockchain to other people - that would help support the network.

Hopefully you would get your ASIC, some of those either scams or delay preorders. Dedicated server is literally CPU mining, with at most 1-100MH/s it can barely even gain BTC. You can set up your own if you have a lot of hashrates, maybe 1-10PH to block within decent intervals so that you would not experience lower profits. For pooled mining, your work will be shared among others which means you are only paid for what share you submitted and not if you have strike lucky and solved a block.

You would need to code your front and backend. You would also need popularity to make people to mine at your pool, people usually prefer 0% fees pool, unless you can have 100% uptime and beautiful interface and better features than gnash.io, people wouldn't want to leave that pool. Coding requires effort so does support and anti ddos server cost.

If you're mining altcoins, especially newer altcoins you could stand a chance at playing the market.

If you're wanting to mine Bitcoins, you will need some serious ASIC equipment.  An AntMiner S3 is the current, though, you can get started with an AntMiner S1 for relatively cheap nowadays that the S3 has been released and that would get you started.  With that also, the S1 is capable of WiFi, but if you have some capital to spend pick up a few S3's and instantly get into the TH/s.

Do research if go altcoins.  Some are great some are a waste of your precious mining power.  Granted you hit one right you could get huge profits, but a lot of alt coins really are pump and dump.  But there luckily some alt coin's that are more stable.

But yes if you get right altcoin you could make a lot, just watch out for crappy coins.

True that most of the altcoins are created for pump and dumps, but you could also gain from the pumps.
You may mine altcons that are very new, and sell them when they get listed in an altcoin exchange, and switch to a newer altcoin. :)

I am afraid not.
Your CPU is already 8 years old (launched in 2006) while you GPU is over 10 years old (launched in 2003)...

Please research about the computer, the GPU does not have opencl support. Furthermore, it should be very very old so the performance should be degraded too. The CPU is far to slow to think about CPU mining in alt coins.

Any kind of mining using a computer is not what I would say wise. Your computer more than likely would not handle it before it burnt out and you may not even manage to mine anything. Purchasing coins instead of mining and keeping them safe for a period of time for the price to increase could be a wiser option for you :)

Sadly, this is pretty much the case now.

In the past, GPU mining litecoin/dogecoin (when there is no scrypt ASIC) and CPU mining primecoin was quite profitable, but the good times are gone now.