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Author Topic: Is it worth to mine with my old computer  (Read 6031 times)
horace0812 (OP)
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June 22, 2015, 10:51:03 AM
 #1

I have a computer which will not used, however, it is about 4-5 years old already,
is it worth to use it to mine BTC?

If yes, how much will I expect to get in 1 month Huh

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June 22, 2015, 11:01:35 AM
 #2

I have a computer which will not used, however, it is about 4-5 years old already,
is it worth to use it to mine BTC?

If yes, how much will I expect to get in 1 month Huh

It really dosen't worth it mate; drop it , you probably won't get anything . I asked the same question to people on the beggining of my career on Bitcoin world and they told me to drop it , someone even told me "I can mine with a USB more then you will mine with your PC" (didn't knew what USB he was talking about back then) .
Even if you get something , it will still nothing because - electricity bill > your earnings - which is useless and like you did nothing

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June 22, 2015, 11:06:13 AM
 #3

I have a computer which will not used, however, it is about 4-5 years old already,
is it worth to use it to mine BTC?

If yes, how much will I expect to get in 1 month Huh

Short answer: No
Long answer: Yes, but not much. CPU mining bitcoin is a waste of time and money. As being said before: you'll lose money on the electricity bill.

There are a couple of altcoins, like monero, magi coin (and a couple others), that are CPU-minable, and can give you some return. Chances are slim you'll make more than the energy price, even with those CPU minable coins.

An other option is buying some old USB miners or graphic cards, and hook them up to your PC. But: same old thing, you'll probably pay more for electricity.

Bottom line i've learned: if you cannot invest a couple thousand, and have a good electricity rate, you'll never make money... I do mine myself, but it's only to educate myself, i know i'll never make ROI (return on investment ~ braking even)...

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June 22, 2015, 11:08:17 AM
 #4

nope, you will most definitely spend more money paying the electricity bill for running that computer than you will make mining; most mining these days is done with specialized ASIC hardware that provide hundreds of gigahashes/second or even several terahashes/second. in comparison, your 4-5 year old computer will at most be able to provide a couple megahashes a second.

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June 22, 2015, 11:10:30 AM
 #5

Hasn't really been worth mining with computers since 2013 Tongue
horace0812 (OP)
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June 22, 2015, 11:17:00 AM
 #6

O...sad to hear that
I think it is too late to start my BTC career...lol

I also find there is some site offering mine BTC service,
but the break even time is ard 9 months,
is it really hard to take part into the mining BTC nowaday?

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altcoinhosting
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June 22, 2015, 11:28:02 AM
 #7

O...sad to hear that
I think it is too late to start my BTC career...lol

I also find there is some site offering mine BTC service,
but the break even time is ard 9 months,
is it really hard to take part into the mining BTC nowaday?

I'm pretty new myself, but i can tell you that it's incredibly hard to take part in the mining, at least, if you're in it to make a profit.
If you're in it to learn a thing or two, it's pretty easy. Otherwise you'll need a really good electricity price (<$0.10/kwh) and a big startup capital to even consider it, or you'll lose money every minute your miners are running...

Cloudmining is an option (IMO), to bad there are almost no honest cloudmining companies out there. I heared great things about bit-x, that's why i use them to cloudmine myself... But remember: all the BTC invest in a thirth party CAN get lost!

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June 22, 2015, 11:34:02 AM
 #8

i think now is the time to invest your time to acquire bitcoin, and not bitcoin itself, every investments is too risky, mining is dead trading is useless with bitcoin, there is no movements and you need to be good at it anyway

altcoin trading is too dangerous, probably worst than any gambling

altcoin mining maybe can give you something, but it is not like the old time, the earning is very low

continue to work with your signature, it is the only way remained for a good profit
horace0812 (OP)
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June 22, 2015, 11:35:32 AM
 #9

O...sad to hear that
I think it is too late to start my BTC career...lol

I also find there is some site offering mine BTC service,
but the break even time is ard 9 months,
is it really hard to take part into the mining BTC nowaday?

I'm pretty new myself, but i can tell you that it's incredibly hard to take part in the mining, at least, if you're in it to make a profit.
If you're in it to learn a thing or two, it's pretty easy. Otherwise you'll need a really good electricity price (<$0.10/kwh) and a big startup capital to even consider it, or you'll lose money every minute your miners are running...

Cloudmining is an option (IMO), to bad there are almost no honest cloudmining companies out there. I heared great things about bit-x, that's why i use them to cloudmine myself... But remember: all the BTC invest in a thirth party CAN get lost!
Cloudming is not safe is 1 of my concerns too.
Although I won't invest much there.

Btw...I found most ppl saying abt the electric rate, what if free?
coz I just planned to mine in my office...lol

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Herbert2020
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June 22, 2015, 11:36:48 AM
 #10

forget about mining bitcoin on your personal computer completely. it is no longer good because of the difficulty and you always have to consider the electricity costs.
you might have a good chance of mining altcoins. but you have to find a good one, preferably new and what has a low difficulty to mine.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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June 22, 2015, 11:39:05 AM
 #11

Cloudming is not safe is 1 of my concerns too.
Although I won't invest much there.

Btw...I found most ppl saying abt the electric rate, what if free?
coz I just planned to mine in my office...lol

I once tought about mining @ the office to, untill somebody pointed out that you can actually get fired if your employer finds out. Now, i make a lot more in my daytime job than i can ever make while mining, so i decided i wouldn't do it...

In case you do decide to mine in the office: it's possible to make some cash, but don't expect much (with a decent office PC, you can earn a couple dollars per week, if you mine the correct ALTcoin)

horace0812 (OP)
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June 22, 2015, 11:42:03 AM
 #12

Cloudming is not safe is 1 of my concerns too.
Although I won't invest much there.

Btw...I found most ppl saying abt the electric rate, what if free?
coz I just planned to mine in my office...lol

I once tought about mining @ the office to, untill somebody pointed out that you can actually get fired if your employer finds out. Now, i make a lot more in my daytime job than i can ever make while mining, so i decided i wouldn't do it...

In case you do decide to mine in the office: it's possible to make some cash, but don't expect much (with a decent office PC, you can earn a couple dollars per week, if you mine the correct ALTcoin)

so I may just keep my bitcoin jobs, but it really really slow...Sad

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June 22, 2015, 11:49:46 AM
 #13

I can vouch for that. Mining became harder and harder, no matter which coin we talk about.

Most of my coins I've bought from the money I earned from signature campaigns and, really, those are tiny amounts, because I don't want to spend too much time talking.
Since I have a decent job, I ... just do my job. I even turn FIAT into cryptos and I think that this is best way to go forwards: the job gives me more money than I could earn from mining and chatting, and buying can help the coin price (and economy) grow.

So unless you have all you need for starting mining facility (dirt cheap power, good knowledge, space, a lot of cheap ASICS, FPGA or GPUs), it's not actually worth to mine.


so I may just keep my bitcoin jobs, but it really really slow...Sad

You need patience; bitcoin has low price now, but a bright future lies ahead. It has to grow eventually.

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June 22, 2015, 12:23:44 PM
 #14

I have an idea, how about PoS mining .Just keep your wallet application running & you'll earn money Smiley
Just choose the good altcoin, i recommend Diamond (DMD) for now. But, you must have a lot of that altcoin to start

they are worthless, and they earning is abysmally low, like 1-50% of your stash and per YEAR

so if you have 100 diamond, you will only earn 50 coins a year, which mean 50/365 0.13 a day, which at current btc/dmd price is 13k satoshi per day

a bit ridiculous, when there are faucet that can give you 4k per hour...
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June 22, 2015, 12:43:26 PM
 #15

I have an idea, how about PoS mining .Just keep your wallet application running & you'll earn money Smiley
Just choose the good altcoin, i recommend Diamond (DMD) for now. But, you must have a lot of that altcoin to start

they are worthless, and they earning is abysmally low, like 1-50% of your stash and per YEAR

so if you have 100 diamond, you will only earn 50 coins a year, which mean 50/365 0.13 a day, which at current btc/dmd price is 13k satoshi per day

a bit ridiculous, when there are faucet that can give you 4k per hour...

not to mention that most signature campaigns on this forum offer much more than this for a single post; altcoins really arent worth the time and effort imo.

theres nothing here. message me if you want to put something here.
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June 22, 2015, 12:49:14 PM
 #16

I have an idea, how about PoS mining .Just keep your wallet application running & you'll earn money Smiley
Just choose the good altcoin, i recommend Diamond (DMD) for now. But, you must have a lot of that altcoin to start

they are worthless, and they earning is abysmally low, like 1-50% of your stash and per YEAR

so if you have 100 diamond, you will only earn 50 coins a year, which mean 50/365 0.13 a day, which at current btc/dmd price is 13k satoshi per day

a bit ridiculous, when there are faucet that can give you 4k per hour...

not to mention that most signature campaigns on this forum offer much more than this for a single post; altcoins really arent worth the time and effort imo.

thats why I have joined 1 already...
but not much okay for newbie

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June 22, 2015, 12:51:50 PM
 #17

I have a computer which will not used, however, it is about 4-5 years old already,
is it worth to use it to mine BTC?

If yes, how much will I expect to get in 1 month Huh

I suggest you to forget about mining. Sell your computer and buy bitcoins, after that you can buy high rank forum account and join signature campaigns so you can earn more.
horace0812 (OP)
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June 22, 2015, 12:56:01 PM
 #18

I have a computer which will not used, however, it is about 4-5 years old already,
is it worth to use it to mine BTC?

If yes, how much will I expect to get in 1 month Huh

I suggest you to forget about mining. Sell your computer and buy bitcoins, after that you can buy high rank forum account and join signature campaigns so you can earn more.

Also a good idea...
just wondering how much will an acc cost...

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June 22, 2015, 01:28:28 PM
 #19

Mining for you isn't completely out of the question yet. Mining for bitcoin is out of the question for you, not altcoins.
Depending on your processor, you may still be able to mine new, low-difficulty coins. These coins usually have a low value, however if your processor is decent you could ROI and make a small profit and or hold onto those low value coins.

Shocked BUY GAMESWITHBTCITCOINFORDISCOUNTEDPRICES Shocked
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June 22, 2015, 01:33:04 PM
 #20

I have a computer which will not used, however, it is about 4-5 years old already,
is it worth to use it to mine BTC?

If yes, how much will I expect to get in 1 month Huh

NO
you can make your computer dead
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