Bitcoin Forum

Is there any way for those poor fellows like me, equipped with an Intel Dual core 2.2 GHz CPU and no GPU and no Bitcoins in their wallet to buy hashes, start mining some Bitcoin in tiny amounts? Or any other type of service that would run in the background of my PC and generate Bitcoin like ThreadManager ( https://coingeneration.com/ ) and others.

With that setup, the amount of bitcoins you would mine would not make it worthwhile. People use ASICs to mine bitcoins. The age of CPU and GPU mining is over. You could try mining scrypt coins like Litecoin if you had a good graphics card but you say that yours is integrated so that's no good. Perhaps CPU coins could be mined with the processor since the one you've got seems average at least. These could then be traded for Bitcoins via an altcoin exchange like Cryptsy.

Or you could buy hashes from a cloud mining provider like CEX.IO or PB Mining. But these mining contracts aren't profitable unless you are interested in trading them. And you'll need BTC to buy them too, i.e. from another place like Coinbase or LocalBitcoins.com.

My opinion? Service like https://coingeneration.com/ is not worth time.
Too little gain, too much trouble

No

You could buy BTC at CoinBase and then buy miners with them, or buy with USD directly.

Thanks, I shall try mining Primecoin. Lets if that makes any profit at all. :p

If you wanted to buy "hashes" you could buy mining power at any of a number of cloud mining services.

I cannot recommend any as they are all overpriced and will likely never ROI.

If you want Mining power with the option the cash out, i would recommend;

Scrypt.cc (http://scrypt.cc?ref=babao)


I recommend it just for the sheer fact you can cash out if you wanted to get rid of the hashing power

Instead of mining bitcoin, you can mine some "CPU-coins" with your CPU. Check http://cpucoinlist.com/ for details.

You cannot make a profit out of CPU mining in SHA256 mining anymore, not even scrypt mining or primecoin mining. Both SHA256  and Scrypt mining  have ASICs developed for them. Primecoin have GPU mining developed. Try mine some GPU and ASIC resistant coin.

Best way to make money out of that rig is to sell it at a garage sale or on eBay and use those funds to buy the crypto you want.  It would save time, your sanity, and electricity.

These coins will generally offer the same profitability in terms of BTC per KH/s that scrypt mining would, only you would need to incur the added expense of having to exchange the coins on an exchange for bitcoin

More than likely not going to be profitable for you.  To increase likelihood of profitability (largely depends on your electricity costs tbh) check into more CPU-centric coins.  Quark, XPM, Drk, X13 coins, etc.

Have you seen the difficulty on a CPU centric coin?  A 2.2GHz dual core that the op has won't even earn enough to replace the fan that would die after 3 years of 24/7 operation.  Mining at home is more or less a losing proposition.  It WAS profitable in the past, just not viable presently.

my rig is so old, but I still use it to mining, it is impossible to mine bitcoin with the high difficulty. so I mine some altcoin with small difficulty.
i prefer mine x11 or x13 like darkcoin, lioncoin, cryptcoin. because i get good Hashrate with my old rig :D

Well as long as the hardware is capable of allowing GPUs to mine scyrpt, X11, X13 coins then yeah you're OK.  But that's not what I would consider old.  Something like a Celeron 333 or Pentium 75MHz rig - that would be old.  If it can support a PCIe Gen 2 slot it can probably mine.

Maybe you should simply forget about mining, and earn some bitcoin by providing services and joining a signature program (I can see you did that already).

Or he could use the old pc to manage his offline wallet. :)

Mining is not profitable as it was earlier. If you are thinking about mining BTC, then you are in the wrong way. BTC mining become even harder. So i suggest you to mine altcoin like Dogecoin, Reddcoin etc. I am mining with www.genesis-mining.com. They are providing the lowest rate. So you may also try.

OP, please note that coingeneration is a confirmed scam, it does not payout.

I only took that as an example, it also used 100% of your CPU, even though task manager couldn't detect it.

Best to use a good pc man

sure no reason to use those oldies for BTC mining.
Nothing older 5870 rig can do something related to mining. With 5870 rig it is still possible to mine something if you are on free electricity.

Of course it is better, but that costs money, which I am short on.

it would probably not even be worth your time in setting up the machine as it would mine so little.

And with that cards you can only mine brand new alts triying to make some profit because if you wanna mine well stablished alts or bitcoin it will be a waste of time.

Is that even possible? like old rigs to mine btc.. is negative earnings though.

You should mine cpu only coin with your CPU, then convert it to BTC.

Hello!

You can mine some altcoins though you will not get a high profit!  ::) .

First mine a coin, so you can find your hash rate.

Then, go to this site (http://coin-ads.com/FKfk78) and put your hash rate is scrypt coloumns.

Now you can see easy coins which can give a little profit.

Kindly,
         Muhammed Zakhir

depends how old.
i still have a dozen 58xx rigs that are still making a profit on x11 & x13 coins.
it sure isnt what it used to be, but its not that bad either.

cheers

Something like a Celeron 333 or Pentium 75MHz rig is not old.
but it's time to bury them :D rig that doesn't support PCIe.
most importantly, like you said. they can support the PCIe and whatever the processor. it can be mine.

We're talking in PC times, and in PC times they are old.  They don't have PCIe slots so they're essentially obsolete for mining. The processors can't handle instruction sets to even CPU mine.

What were considering old?  I have my 386 SX.  My dad has punchcards in the garage that he used with Fortran (most likely before you were born).  I think I have a stone tablet...

I think it is a bad idea. BTC mining is not much profitable as it was earlier. Mining with old rigs is horrible. You should think about Altcoin.

x11 mining is what you are looking for. But the price has dropped a lot and it might not be profitable anymore.

In 2011 I was making 0.2BTC/day off of just one $150 6870.  I made no objections to anybody mining back then because it made sense.  Now you have to really understand the risks.  Plopping down $3k for 10 high end video cards and eating depreciation only to see them make $5 a day might be pretty disparaging. Risk analysis is needed.

hey you cannot mine any thing with old rigs.. i mean you cannot mine a single btc with old rigs even satoshis so i suggest you to go and mine some alt coins like btc or ltc they can give you some profit..

BTC isn't an altcoin, and you can't mine it profitably with either CPUs nor GPUs nowadays. You could mine LTC with a graphics card but scrypt ASICs are now available which have the same hashpower but consume a fraction of the electricity costs.