Title: Help. New to bitcoin mining. Suggestions? Post by: Aburgz123 on December 24, 2011, 07:53:04 PM What's up,
I'm new to mining bitcoins and had a few questions. First off I don't have a computer/rig appropriate for mining even by any stretch of the imagination. Even with my weak computers is it possible for me to generate any amount of Bitcoins that would be worth anything? I have BitMinter and it would take years for me to get anything at all. Is there a Miner that would be more suited for me and allow me to receive Bitcoins. Secondly I have have access to multiple computers and would like to know how I can put there power together to Mine Bitcoins more quickly. What if the computers are on a different network in a different location? Can I still use them together? If you need to know anything else let me know. Thanks :) Title: Re: Help. New to bitcoin mining. Suggestions? Post by: Gabi on December 24, 2011, 08:25:55 PM Hi and welcome
To mine bitcoin you can use Guiminer. You need an ATI graphic card because well, mining via your CPU is almost useless and if you have an NVIDIA well... a same price ATI mine much much faster (like 10 times faster) About the CPU you can use it to mine Litecoins and sell them for BTC As for using other computers, are they yours? If you don't own them, you need to be allowed to use them for mining, using them without being allowed to is illegal of course. Title: Re: Help. New to bitcoin mining. Suggestions? Post by: N.Olmos on December 24, 2011, 08:37:19 PM Join a pool.
If you have low hashrate computers, your best bet is to join a pool. You will earn a steady stream of small fractions of a bitcoin. You can have as many computers as you want to mine for you in one or more pools. Most pools allow about 8-10 workers (computers) per account. Open additional accounts if you need more. I am not sure if all workers for an account have to be in the same location (I don't think they do). You can however, have many accounts in many pools so you should be able to get all your computers mining for you. Use a receiving address from the same wallet to get all your bitcoins from various pools/accounts into the same wallet. I should also consider mining litecoin. https://bitcointalk.org/index.php?topic=47417.0 Litecoin uses your CPU instead of your GPU to mine. n.olmos Title: Re: Help. New to bitcoin mining. Suggestions? Post by: mc_lovin on December 24, 2011, 10:50:58 PM 1) Merry Christmas
2) I totally agree with the others that you should use spare CPU time to mine Litecoins in addition to using your GPU to mine Bitcoins. 3) I was going to suggest a pool but it seems you are using bitminter which is a good choice. You should give us the spec of your current PC and we can estimate your daily rewards. Title: Re: Help. New to bitcoin mining. Suggestions? Post by: Aburgz123 on December 25, 2011, 01:40:27 AM Thanks for all the suggestions they are very helpful so far so good ;D
As for litecoins is there an online wallet I can save my litecoins similar to the bitcoin wallets? Can I mine litecoins on a linux mint operating system? Heres the specs report I generated for my netbook (I got more comps but can't post them right now) Processor 2x Intel(R) Atom(TM) CPU N270 @ 1.60GHz Memory 1018MB (442MB used) Operating System Linux Mint 8 Helena - Main Edition Resolution 1024x600 pixels OpenGL Renderer Mesa DRI Intel(R) 945GME GEM 20090712 2009Q2 RC3 x86/MMX/SSE2 Uptime 11 hours, 8 minutes Load Average 1.71, 2.12, 3.43 OpenGL Vendor Tungsten Graphics, Inc Renderer Mesa DRI Intel(R) 945GME GEM 20090712 2009Q2 RC3 x86/MMX/SSE2 Version 1.4 Mesa 7.6 Direct Rendering Yes Intel(R) Atom(TM) CPU N270 @ 1.60GHz 1600.00MHz Intel(R) Atom(TM) CPU N270 @ 1.60GHz 1600.00MHz And here is my memory. Sorry for the long list I'm not completly sure what information is important here. Total Memory 1018180 kB Free Memory 105884 kB Buffers 40444 kB Cached 470268 kB Cached Swap 47140 kB Active 428452 kB Inactive 434476 kB Active(anon) 192212 kB Inactive(anon) 231916 kB Active(file) 236240 kB Inactive(file) 202560 kB Unevictable 48 kB Mlocked 48 kB High Memory 130760 kB Free High Memory 1204 kB Low Memory 887420 kB Free Low Memory 104680 kB Virtual Memory 602396 kB Free Virtual Memory 369964 kB thanks Title: Re: Help. New to bitcoin mining. Suggestions? Post by: BadBear on December 25, 2011, 02:02:02 AM I wouldn't even bother with an atom netbook. Mining is pretty competitive, and even those who get creative and have efficient setups aren't making much profit, and a lot are only making any profit if you don't count the fact that they haven't paid off their hardware yet, and the fact that it's winter. There are more who are mining at a loss but are counting on bitcoins being worth more in the future.
Title: Re: Help. New to bitcoin mining. Suggestions? Post by: Shashi Yakuza on December 25, 2011, 03:54:46 AM There's not much point in using what you have, it's not enough horses to pull the load these days. You might have thermal issues as well depending on your netbook. Use it for a netbook, that's what it was designed to be.
The only point in buying equipment to mine bitcoins is that you find it amusing, at this time it's improbable that you would ever break even on the investment. Once you are mining it's really really boring, there are lots of more amusing things you can buy, golf and hookers come to mind as examples ;D Title: Re: Help. New to bitcoin mining. Suggestions? Post by: jjzm on December 27, 2011, 06:08:45 AM I was considering mining but it would take like a year to generate 0.072 Bitcoins... Hahaha, my computer is crap I guess.
Anyone have any tips? I can get my hands on a few desktops... is it worth doing? Title: Re: Help. New to bitcoin mining. Suggestions? Post by: Queelis on December 27, 2011, 11:35:43 AM I was considering mining but it would take like a year to generate 0.072 Bitcoins... Hahaha, my computer is crap I guess. Anyone have any tips? I can get my hands on a few desktops... is it worth doing? Basically, only if the desktops have fairly recent AMD cards (from 4000 series up). Otherwise no. Title: Re: Help. New to bitcoin mining. Suggestions? Post by: Wekkel on December 27, 2011, 10:52:39 PM Mining is not that profitable unless you already have the hardware and access to cheap electricity. The other option is just as viable: just buy BTC instead.
Title: Re: Help. New to bitcoin mining. Suggestions? Post by: Shashi Yakuza on December 28, 2011, 01:33:05 AM Mining is not that profitable unless you already have the hardware and access to cheap electricity. The other option is just as viable: just buy BTC instead. +1The best model is like going to a casino or arcade: buy chips/tokens, use them, and cash them in before you leave. |