Bitcoin Forum

So I've done about 24 hours of mining on the btc pool, and I've made $0.32 USD. My computer I have doing it only generates 60 - 80 mhashes, which I know is super low, but really only 0.32 USD after almost 24 hours? Am I doing something horribly wrong? I just woke up after sleeping and it's done 527 shares in the past 9 - 10 hours.

If someone could tell me if that's right or not it would be most appreciated. Seems like a waste for $9 a month

searching.........http://www.maecapital.com/xSites/Mortgage/GuildMortgageCompany/Content/UploadedFiles/Crystal%20ball_6097106.jpg
I can't see your hardware, miner software and settings. My crystal ball give BSOD when i try to see.

Your probably doing it right since your recieving shares. You would have better luck mining litecoin or other new Crypto Coin. 

I don't have a computer made for mining. It's just my gaming PC I haven't really had time to use lately.

i5-2500k
Nvidia 460 GTX
16GB Memory

I know Nvidia isn't good at all to mine with, I just expected more than $9 if I let it go 24/7. I tried a few months ago when I was over in Europe for a few hours on my girlfriends brothers old desktop, and seemed to almost have better luck with a worse computer on slush's pool. Just weird I've done like, 1600 shares overall and only made $0.32.

your payout is correct please upgrade your PC for more cash ;)

I think you might have got the wrong expectation since you were expecting bitcoin mining to generate more than USD $0.32 in 24 hours. Long story short, your GPU is nothing compared to the ASICs that are flooding the market these days.

for 9$ a day you need several AMD gpus unfortunately.

I'm not a tech guy but as I understand it you basically are using a tricycle in a Nascar race.  The miner rigs in use now are just too much faster than what you're using. 

The figure sounds about right for BTC mining, maybe switch to LTC with the hardware you have. LTC may still be profitable with the current difficulty. :)

For mining profitability Im using

http://dustcoin.com/mining

Long story short - I dont mine because electricity cost me more than mined coins $ value

Yes, you are expecting to make more than a tiny amount of money for a tiny amount of effort. That expectation is horribly wrong. If anyone told you mining was a get-rich-quick scheme or a way to get free money, then you were lied to. Mining with a PC is simply not profitable under most circumstances, and hasn't been for a long time, and makes about as much sense as digging for gold with a garden spade.

EDIT: Typo.

You're only going to realize a profit if you're willing to invest in the right hardware. What you've got there isn't the right hardware.

Go type "bitcoin mining hardware" into Google and check out the results, specifically the hardware comparison, and you'll understand why.

It's literally not even worth bothering with that spec. You'll spend far more in power than you will receive back in any crypto.

Go for an AMD GPU and try a scrypt based currency!

Good luck!

come mine some yacoin:)

You might be better off just shutting that machine down, you are probably spending more on power than you are making in BTC.

Your figures are right, I tested a card I had that was drawing 28 megahashes. I've now a 600 megahash card, and even running this card 24/7, that's going to take me a rough month to make 1 BTC, and I'm probably going to spend an estimated $50AUD mining it... so, yeah, we need better hardware, more cost effective hardware, we need to look at these ASIC machines that are available.

If you want to chat more to another newby via PM, I'm keen.

Cheers,

:)

Mining is not a get rich quick scheme  ;) If you think it is a waste, then just stop mining, especially since right now probably you are spending more in energy than what you gain

correct it is not a get rich quick, treat it as a passionate hobby, trying to push the limits of your machine. If you can make it profitable then it gets really fun!

How much is electricity in your area?

I'm making around $1/day with an old Radeon 5830.  You should be able to pick up one of those for $100.

Your probably doing it right since your recieving shares. You would have better luck mining litecoin or other new Crypto Coin

for 9$ a day you need several AMD gpus unfortunately.

I'm paying 24.25 c / kWh, but then I have to take supply into consideration, more like 35 - 40 c / kWh. I'm beginning to find that I may be better off mining for Litecoin rather than Bitcoin.

No, you are not.