MicroStrategy, the business intelligence firm led by Michael Saylor, made headlines once again with its recent announcement of a substantial Bitcoin purchase. Between April 29, 2023, and June 27, 2023, MicroStrategy and its subsidiaries acquired approximately 12,333 Bitcoin for a whopping $347 million in cash. The average price per BTC stood at approximately $28,136, inclusive of fees and expenses.https://cryptonews.net/news/bitcoin/21240458/MicroStrategy Acquires 12,333 Bitcoin, Now Holding 152,333 BTC Worth $4.52 Billion https://thecryptobasic.com/2023/06/28/microstrategy-acquires-12333-bitcoin-now-holding-152333-btc-worth-4-52-billion/
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don't listen to anyone who tells you that it won't work -- it works perfectly
Yes, I'm not at all surprised that it works. It's like those who claim that mining with 4G isn't efficient. In one of my mining places, I've been using an old smartphone for years and I share a connection to a laptop, then a small bash script to make an ethernet bridge to a ethernet switch. It works perfectly and with good ping times, but you'll always find people coming to explain that it's not possible to mine from a 4G hotspot. Mining isn't very data-intensive, and there are some long-standing legends about it. My 4G modem works much worse in the summer and loses connection more often. In the summer, a lot of people relax in the village, and the more Internet users, the worse the connection and the more often the miners disconnect. In winter, the 4G modem gives good speed and stability, although sometimes there are shutdowns. You depend on the number of people who use the same base station. |
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Ok it is now 2years gone since i started this post.that cakes in 2021 i sold for loss 10 or 20$ bucks i dont remember.no need for staking guys just bought cakes for 2.5 and latest i bouhgt some for 1.5$ now i have more coins ever i had  i can say you can get 10 times more coins than 2 years ago. So no need for stake just wait for coins drop to 95-98% you get more coins. If I want to invest, I'd rather buy video cards, because the profit in mining is higher than the profit in staking. Even now you can buy equipment with a profit of 30% per annum, and in staking, only potential dead coins have a high percentage. I guess staking is not for miners. Myself tested and how it works and results bad.and i believe pow will proof itself during the time.people will learn that pos and staking making coins from thin air. Pow is you have to work spend gear energy it costs it has value. In Pos mining, you can also build an independent node, and if the coin has value and does not die in the process, then earn a small profit. But ASIC mining is now more profitable than Ethereum staking. But as long as there are coins, POW miners cannot be lured into pos mining. |
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100GH-1TH-2TH-8TH These are too fast asic production hacks when a new asic KS2 2Th/s of 1200W € 16,699.00 KS3 8Th/s of 3200 W of $47000.00 https://mineshop.eu/Will the next will ASIC 18Th/s and cost $200,000? Such ASICs are bought by miners who believe in this project and understand all the risks. |
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Such a computer is difficult to sell. New motherboards are no longer sold for such a socket, and this PC is still not bad for browsing the Internet. I have also used weaker PCs for internet. It is possible to invest $50-60 in cryptocurrency, but he needs another computer to study coins.
Thats right that this computer maybe will be hard to sell , but for some stakeable coins it would be doing the job. I agree to invest some money for some Coins and hold them would be the easiest way. The simplest entry to mining would be to buy a GPU for that PC.
That also would be an idea , but it depends on how much mining experience and doing the setup for it he has. Some new PSU for it and he can start , learning by doing and fails gets him the needed experience. We all was going trough that at some point. Unfortunately now there is no time for experiments or experiments. If you want to mine, then you need to have an advantage over other miners in the ability to find new coins, the cost of electricity or the ability to buy and repair equipment cheaply. Any old PC will break quickly, but if it lasts even a year and earns you some dollars, it's not the experience you need. |
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Currently it is not possible to make good money mining without using ASIC based miners. Mining cryptocurrency with low-spec computers may not be profitable there. There are many coins for mining but no other coin can give good profit except bitcoin, ethereum litecoin.Mining is not a profitable business now, as the machines required for mining are very expensive which not everyone can afford. I think mining with low space computers will be really challenging and more likely to fail at some point.
Is investing in mining with a payback of several years a bad business? Mining on computers has long ceased to be profitable, but the exception to this rule was the purchase of laptops for mining Ethereum. Beginners will not be able to compete with the big mining giants, but with cheap electricity, they can look for profit in altcoin mining. |
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Ok it is now 2years gone since i started this post.that cakes in 2021 i sold for loss 10 or 20$ bucks i dont remember.no need for staking guys just bought cakes for 2.5 and latest i bouhgt some for 1.5$ now i have more coins ever i had i can say you can get 10 times more coins than 2 years ago. So no need for stake just wait for coins drop to 95-98% you get more coins. If I want to invest, I'd rather buy video cards, because the profit in mining is higher than the profit in staking. Even now you can buy equipment with a profit of 30% per annum, and in staking, only potential dead coins have a high percentage. |
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You can mine monero with 2400 cpu but it will give you 3-5cents per day dont know your electricity cost so it might be not profitable at all. That's heroic mining  $11 a year if the PC doesn't break. You still have to change the thermal paste, so $11 will not be there at the end of the year. Even if this is a question of a student who lives in a university dormitory and does not pay for electricity, then it is better for him to find another way to earn money. |
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Basically there was a coin called Ethereum which was very profitable for about 6 years. However last year it disabled mining by video cards and just doesn’t transactions by proof of stake. So most video cards basically lost out on tons and tons of profit.
Hence why for years you might of heard about people mining with their video cards but unfortunately that time is over and there is no decent coin out there with good profitability.
Mining Bitcoin is also difficult because the equipment is expensive and most farms have cheap power compared to households.
Ethereum mining lasted more than 6 years and many miners are grateful that they did not remain unemployed for so long. According to various opinions, more than 80% of all video cards were used in Ethereum mining, and the change in the algorithm deprived many miners of profit. That is a fact,a hard one but you know what is worse,the fact that in late 2020 and during all 2021 all kind of creepy guys were just buying a mining rig and jumping on board not believing at all in Bitcoin and cryptocurrencies in general but rather making that quick buck and moving away,I know that these type of guys exist in every other business except mining,however they gave miners a really bad reputation and 80% of cards out of service,the most part of them is from these guys who were thinking only about quick profit so they got what they deserved. The real miners those who have been mining since early 2016 and up until now no matter if there is a coin as profitable as Ethereum was for 7 years those guys are online mining even at a loss and these are the real ones.Happy to be one of them.I know we are in a difficult moment yet I am confident things will change for the better and is better to even mine at a loss and be well prepared for the next bull run,I know the guys who were in for the quick profit are out for good now and we have again a clear ecosystem. I started studying mining earlier in 2014, then there were interesting coins and at the end of the year, miners switched to mining ethereum. The local pool was the dwarfpool, which miners called "dwarf". Detailed instructions were on the pools to lure new miners to the pool. But a lot of people from these miners left for other business after making good money. |
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You are a newbie 😏 so I'm sure you can't even set up a mining farm correctly, why can't you start with one GPU and see how that goes? Maybe you will end up liking it or not? For a newbie setting up mining rig will be so challenging
Someone is a newbie in this forum doesn't mean they are illiterate and don't know how to set up something. Nobody learns from their mom's stomach. Everyone has to at some point. You will see a bunch of tech guy in this forum who writes code and they are newbie in this forum. All the same, for mining you need to have experience in maintaining computer equipment and a little knowledge about safety in electrics. I have seen enough articles and videos of stupid miners who themselves do not understand the risk they put their hardware at. And without experience, a beginner will not be able to prepare a room for mining himself. I am sorry, I have to disagree. Being a newbie in this forum has no connection with his experience in maintaining computer hardware. I know some good technicians who even never heard of BitcoinTalk. Maybe some old miners do not have a BitcoinTalk account. Imagine one day a miner created a BitcoinTalk account and you judge him based on his account rank. I think we are talking about different things. You are not new to the forum and the rank on the forum does not indicate the qualifications of the miner. But since any experienced miner has a lot of experience communicating with other miners, he can look at the posts of other participants and understand who has experience and who talks a lot about mining without experience. |
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Mining with low spec computers can indeed be a bit challenging. I've tried it myself, and let me tell you, it's not always smooth sailing. But here's the thing: it's not impossible either. Sure, you might not get the same results as someone with a powerful setup, but if you're patient and willing to tinker around, you can still make it work. Just keep in mind the power consumption and potential return on investment, so you can manage your expectations.
What difference does it make on which PC to start mining? On a weak PC, the electricity bill will be more than the profit from mining, on a powerful PC there will be a very long payback period. In good moments of the market, it is profitable to mine on a PC, when the profit from the processor and video card gives 4-5 dollars per day, but now there is no such income. |
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And when this PC dies after mining on a video card, do you advise buying a new PC or the same one?
Coincidentally I have a i5-2400 PC, the first device I ever mined with. I still use it as a rig for 4 GPUs. The only other upgrade is the PSU. It's not worth replacing if it died, I'd scavenge the GPUs and PSU and use them elsewhere. For broken motherboards, there is a good replacement in china. The motherboard socket is compatible with your processor. I was wrong that there are no new motherboards for your socket in China. In customer reviews it is written that these are new motherboards and not after repair. https://aliexpress.ru/popular/b75-motherboard-mining.html |
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Stacking and mining are two different processes for earning digital cryptocurrencies. Stacking is the holding or Stacking of a certain amount of cryptocurrency in a wallet to support the operation of a blockchain network. In exchange for which those who participate are rewarded with a certain amount of stale produce in the form of additional coins.
On the other hand, Mining is the specialized process of solving complex commercial problems by using specialized hardware and computers to validate all transactions and add them to the block chain. Through which you will get new digital currency. Mining will be profitable for you only when the equipment costs are low, electricity consumption is low and you are ahead in technological efficiency.
There are also countries in the world where electricity is very, very, very cheap, less than 0.5 cent. This news is discussed in the Russian board of miners Libyan authorities have detained 50 Chinese nationals in a raid of a crypto-mining operation in the west of the country, the prosecution in Tripoli said Thursday.
Mining is the process of verifying transactions on a crypto blockchain by solving mathematical puzzles, for which miners are rewarded with more of the cryptocurrency. It is an energy-intensive process and requires a lot of hardware and electricity.https://www.al-monitor.com/originals/2023/06/libyan-police-detain-50-chinese-nationals-crypto-farm-bust |
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Hi i have a low end pc with integrated graphics intel i5 2400 i was wondering is is somehow thgrouh mining some coin to be able to earn/mine some cash im not talking cents a month
As Bitcoin_Arena , JayDDee and FP91G already have written with that pc it makes no sense to mine if you looking for profit. The best thing you maybe can do with PC ist setup an Node on it or buy you some Coin you can stake on there. But the best solution if you dont need that PC anymore is as Bitcoin_Arena said , sell it and buy some Coin. I usually recommend people mine with what they have to get a feel for mining before spending big money on mining equipment. But that's about learming, not making quick profit. But a i5-2400 is no longer any use for learning because most pools set minimum difficulty too high to find shares regularly. The iGPU was never of any use for mining. The simplest entry to mining would be to buy a GPU for that PC. And when this PC dies after mining on a video card, do you advise buying a new PC or the same one? For mining training, it is better to buy a small mining farm with 4-5 video cards, but if you have expensive electricity, above 10 cents, then this hobby will be unprofitable. But will allow you to start mining faster in the new season, which may or may not come. |
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Hello, i am new to the Cryptocurrency sceen and i am wondering what cryptocurrency requires the least amount of computing power to mine.
Mining with low spec computers can be challenging and may not yield good results. Because mining requires powerful hardware with high capacity which is highly needed to solve complex mathematical problems. Computers may lack the processing power and expertise needed to effectively mine currencies. When using a low spec computer for mining it is very important to consider the power consumption and potential return on investment. Low spec computers usually don't get good returns so a powerful computer should be used. If you decide to use a powerful PC for GPU and CPU mining, then after using the calculator you will see a payback of more than 5 years, because you need to consider the cost of the entire PC and not the CPU and GPU. And there are additional maintenance costs. This is the rookie mistake. And on the old PC, the profit will be measured in cents per day. |
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Hi i have a low end pc with integrated graphics intel i5 2400 i was wondering is is somehow thgrouh mining some coin to be able to earn/mine some cash im not talking cents a month
As Bitcoin_Arena , JayDDee and FP91G already have written with that pc it makes no sense to mine if you looking for profit. The best thing you maybe can do with PC ist setup an Node on it or buy you some Coin you can stake on there. But the best solution if you dont need that PC anymore is as Bitcoin_Arena said , sell it and buy some Coin. Such a computer is difficult to sell. New motherboards are no longer sold for such a socket, and this PC is still not bad for browsing the Internet. I have also used weaker PCs for internet. It is possible to invest $50-60 in cryptocurrency, but he needs another computer to study coins. |
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Basically there was a coin called Ethereum which was very profitable for about 6 years. However last year it disabled mining by video cards and just doesn’t transactions by proof of stake. So most video cards basically lost out on tons and tons of profit.
Hence why for years you might of heard about people mining with their video cards but unfortunately that time is over and there is no decent coin out there with good profitability.
Mining Bitcoin is also difficult because the equipment is expensive and most farms have cheap power compared to households.
Ethereum mining lasted more than 6 years and many miners are grateful that they did not remain unemployed for so long. According to various opinions, more than 80% of all video cards were used in Ethereum mining, and the change in the algorithm deprived many miners of profit. |
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With the hangover from ETH still holding down the market, most of the people I know who were GPU mining during the last bubble in 2021 have given up mining. Even those in areas with insanely cheap power that could still be mining profitably are no longer interested and don't see it as their opportunity to easily get rich anymore. This fatigue is usually when I see the market changing. I will admit I've also shut down my miners that were barely profitable due to heat in the summer not making it worth the cooling effort. In my experience, times like now when mining seems like a lost cause is when it's the most profitable looking back.
Mining on new video cards now resembles a useless use of a valuable resource, and miners turn them off from mining. Old video cards give little profit and such mining is used to accumulate coins, but 10-20 cents a day for each video card seems like a small investment. It may seem so but 8 video cards for 1.60 dollars daily now when translated in crypto rewards is not that little,especially if people are firm believers that crypto will reach soon another new all time high.It is very much worth it if these people mine ETC for 1 month,ETHW for another,then jump and use unmineable pool to be paid in any currency they wish for by doing the mining in their favorite currency i.e mining ETHASH algorithm and getting paid in SHIBA INU or other low value tokens like FUN token,so tons of options to put the cards to good use for the people who know what they want to achieve. Think back to mining shitcoins in 2019. Some coins went up and then a lot of projects closed, and the same will happen with the projects that we are mining now. I ask all miners to be careful and not forget past experience. Unfortunately, many coins for mining on video cards will die. As far as I know Nicehash is still available and a couple of other pools who offer payouts in Bitcoin and even though 1.60 dollars daily maybe little in Bitcoin,if you keep doing it day by day you can collect a very nice amount until the next bull run which many are expecting in Q4 2025 and by doing so they also remove the risk of the coins they mine that they may go away,Bitcoin is sure to not go away as the absolute king of cryptocurrencies and it is always a nice idea to try and collect as much as we can. You are right about Nicehash, but payouts of 10-20 cents per video card per day in bitcoin will give me 30-60 cents profit per day in a bull market perhaps. Payback from 2000 days will change to 660 Mining the right shitcoin can reduce the payback period to 100-200 days, or it can make mining in vain. I like option 2. While I can agree with you I surely don't like making my efforts of mining shitcoins go in vain as most likely they will be going in vain if I continue with them,I personally prefer that 660 day payback and in fact I don't think at all about the payback but just the amount,substantial profit amount that I will make during the next bull run. If Bitcoin price goes to 100.000 dollars I would be very happy back then and I would not mind if I mined at a loss in that day,in the end though everyone has his own strategy and I hope everyone of us make a nice profit when the time comes. The mined bitcoins may not live to see the next bull market. And I had this story repeated 2 times. Of course, some coins gave excellent profits, but at the moment when they needed to be mined, I did not like them. Therefore, I mine those coins that I don't really like But it's like a game of guessing the right coin. |
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You are a newbie 😏 so I'm sure you can't even set up a mining farm correctly, why can't you start with one GPU and see how that goes? Maybe you will end up liking it or not? For a newbie setting up mining rig will be so challenging
Someone is a newbie in this forum doesn't mean they are illiterate and don't know how to set up something. Nobody learns from their mom's stomach. Everyone has to at some point. You will see a bunch of tech guy in this forum who writes code and they are newbie in this forum. All the same, for mining you need to have experience in maintaining computer equipment and a little knowledge about safety in electrics. I have seen enough articles and videos of stupid miners who themselves do not understand the risk they put their hardware at. And without experience, a beginner will not be able to prepare a room for mining himself. |
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Next year’s new currency will not need to be mined. It is very likely that it will explode or even die in the next bull market.
In order for miners to start buying new video cards and assembling mining farms, it is first necessary that the profit of working mining farms be good. Or wait another 6-12 months for the GPU miners to get rid of the hardware.Who bought new video cards of the 4xxx series for mining, they will pay off for a long time. We are in a point I would say that as you have pointed out in another thread we can buy a full mining rig now with up to 8 cards for the price of just a single card in 2021 when price of GPU-s were sky high.It means that now everyone can invest in such a rig and I think in most countries in Eastern Europe they can afford to mine at a loss to keep the miners running (buying coins is an option but not as good as mining as you won't be as vigilant to market changes),in such countries anyone who wants can do so.I am not talking about Western Europe where 1 kilowatt costs 0.23 Eur the min like in Germany,but in these other countries up to 0.07 Eur kilowatt. I think is a good time for people who always wanted to try mining but for one reason or another they were halted,now a mere 300 dollars and boom you have a small rig up and running. There are many old video cards on the market at a good price, but they can only be used in countries with cheap electricity. And such video cards have a greater risk of breakage compared to new ones. In Russia, there are also risks of illegal mining in a residential area, and if you mine according to the law, then the price of a commercial tariff will be 10 cents. |
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