TwentyGotoTen (OP)
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January 17, 2015, 10:50:41 PM |
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I'm a total mining noob but I just picked up a Butterfly Labs SGL600G miner off of craigslist for $80US(was $1299 new), it also has a power supply. When I bot it, I saw it working for the kid who owned it. I know with btc being so low right now @$200ish per btc that I'm probably not going to get roi on this even for the $80 I spent, but I bought it to learn on & have fun with my sons as a crypto hobbyist. Anyone with any advice how to set it up or what altcoins or pools I could mine on. I always thought peercoin was kind of cool, and I love BTC but any ideas out there? Thanks & I greatly appreciate any help or responses.
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TwentyGotoTen (OP)
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January 17, 2015, 10:55:46 PM |
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Product aka Butterfly Labs 60GH single I believe, seems like an okay deal for what I paid but honestly I'm so green I'm not sure how to start. All I've got is the unit, power supply & usb cable. No software or instructions were available
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hdmediaservices
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January 17, 2015, 11:14:44 PM |
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Hi - the Butterfly Labs units are for SHA-256 coins - like Bitcoin. It would be a fun toy I suppose - perhaps use it to play the lotto with one of the BTC solo mining pools. Otherwise the hashrate is not going to earn you anything.
I've got a ton of these sitting around that have turned into paperweights.
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TwentyGotoTen (OP)
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January 18, 2015, 06:02:31 AM |
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Hard to believe something selling for $1299US a little over a year ago is a paperweight but when I bought it I called it a doorstop, lol. Going to try some solo mining I guess or SHA-256 alt coin with lower difficulty. I do pay for electric svc so by the kw hour it probably not going to make anything unless I can run it with a small solar panel as a lottery ticket machine. Thanks for the heads up hdmediaservices
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hdmediaservices
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January 18, 2015, 07:28:20 AM |
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If it came with the original power supply "brick" type -- just be careful. They have been known to be of poor quality and have actually shorted out some equipment - I guess through the USB port connection.
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TwentyGotoTen (OP)
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January 18, 2015, 07:52:38 AM |
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no, power supply is a corsair cx430, I still haven't even tried to set it up, I'm still gun shy at this point, watching youtube videos, I may want to use a raspberry pi version b, so as not to risk destroying my everyday pc
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hdmediaservices
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January 18, 2015, 08:03:13 PM |
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no, power supply is a corsair cx430, I still haven't even tried to set it up, I'm still gun shy at this point, watching youtube videos, I may want to use a raspberry pi version b, so as not to risk destroying my everyday pc
It won't ruin your PC. Sounds like you have a good PSU. I wouldn't worry.
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TwentyGotoTen (OP)
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January 18, 2015, 10:28:58 PM |
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I found another 30gh miner with a raspberry pi included for short money. So I'm contemplating getting that & the rig would be total 90GH+/- running thru the Rasp pi, power consumption is my primary concern, so if I could connect it to a solar panel with dc to ac power inverter that covered the total power demand, then I might actually see some roi at some point because of little to no power costs.
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hdmediaservices
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January 18, 2015, 11:42:26 PM |
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I found another 30gh miner with a raspberry pi included for short money. So I'm contemplating getting that & the rig would be total 90GH+/- running thru the Rasp pi, power consumption is my primary concern, so if I could connect it to a solar panel with dc to ac power inverter that covered the total power demand, then I might actually see some roi at some point because of little to no power costs.
Honestly - at that low of a hash, you won't see much of anything trickle in. Your best bet is to go the "lotto" route. I think the problem too is that other faster units will solve things before you do and then your unit will submit work that has already been solved. I could be wrong on this…
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hdmediaservices
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January 18, 2015, 11:49:39 PM |
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you're probably right, I think the lotto route may be the way to go where btc is concerned, or I can mine a different sha-256 coin with lower difficulty & less competition mining it. then just hope cryptos in general go up in value long term. my expectations are low so I won't be disappointed
Regardless it is a great hobby. I started off with the BFL units -- then went to the Antminers -- then when to Scrypt mining with the Zeus X6 models and finally the A2s. Never bought them at retail. I find it fun - especially in the Scrypt world where you can mine so many different coins.
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VERUMinNUMERIS
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January 19, 2015, 07:00:35 AM |
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I still get sick when I hear about BFL. Come on, who still buys from them?
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