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Author Topic: Is it worth to mine with my old computer  (Read 6087 times)
Hexcoin
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June 22, 2015, 01:52:31 PM
 #21

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...

Jr. Member/newbie =0.02-0.04btc with potential FM
member = 0.02-0.04btc
Fullmember = 0.05-0.1btc
Sr.member = 0.2-0.3btc
Hero 0.4-0.6btc
Legendary 1-2btc
ranochigo
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June 22, 2015, 02:03:15 PM
 #22

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
With good cooling, no but degradation is possible with 24 hours full load.

Mining with old computers is no longer a good choice. You can still hook up a USB miner or any other miner to mine but I doubt it would be profitable unless you have no electrical costs. You can also buy a raspberry pi to hook it up. Most signature campaigns do not accept low quality accounts which many people are selling right now. I would suggest that you could buy one from a trusted seller with assurance that the post history is good.

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horace0812 (OP)
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June 22, 2015, 02:06:24 PM
 #23

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...

Jr. Member/newbie =0.02-0.04btc with potential FM
member = 0.02-0.04btc
Fullmember = 0.05-0.1btc
Sr.member = 0.2-0.3btc
Hero 0.4-0.6btc
Legendary 1-2btc

wow...1-2 btc for a Legendary acc
how long time will it take to become Legendary?
coz i really can't understand the calculation of activity

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ranochigo
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June 22, 2015, 02:29:31 PM
 #24

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...

Jr. Member/newbie =0.02-0.04btc with potential FM
member = 0.02-0.04btc
Fullmember = 0.05-0.1btc
Sr.member = 0.2-0.3btc
Hero 0.4-0.6btc
Legendary 1-2btc

wow...1-2 btc for a Legendary acc
how long time will it take to become Legendary?
coz i really can't understand the calculation of activity
Legendary is currently between 775 and 1030 activity. If one stays active and never misses a activity, it would be 27 months. If one is unlucky, it would be 36 months. It is currently very rare and the price is because of the rank and nothing else. Others are priced mostly based on number of open campaigns. The amount can vary depending on trust, age and post quality.

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Hexcoin
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June 23, 2015, 03:30:12 AM
 #25

everybody told me that mining is unprofit,so all i have to do just looking for a better way to get bitcoin

mining is not profitable these days because bitcoin price is very low unlike in 2013 to early 2014 where bitcoin price is at its peek.
pooya87
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June 23, 2015, 03:54:55 AM
 #26

wow...1-2 btc for a Legendary acc
how long time will it take to become Legendary?
coz i really can't understand the calculation of activity
read the meta section on ranks: https://bitcointalk.org/index.php?topic=178608.0
and i say, you already have an account with 14 account, hang around and built that up yourself. and if you want to buy an account you can but a full or Sr. member which are cheeper.

and for cloudmining i suggest you read this topic: https://bitcointalk.org/index.php?topic=878387.msg9697654#msg9697654 you'll get good information there.

and if you are interested in mining so much, you can look into mining altcoins and selling them for bitcoin.

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DevOfDev
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June 23, 2015, 07:19:28 AM
 #27

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...

Jr. Member/newbie =0.02-0.04btc with potential FM
member = 0.02-0.04btc
Fullmember = 0.05-0.1btc
Sr.member = 0.2-0.3btc
Hero 0.4-0.6btc
Legendary 1-2btc

out of topic
peligro
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June 23, 2015, 01:47:04 PM
 #28

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

You will lose more power costs than you will earn something from it. There are special coins that are made for mining with a CPU though even then its not worth i.

I the case you now think about investing into hardware for mining bitcoins, please check before here: http://mining.thegenesisblock.com/

The biggest error most newbies do is not to realize that the profits are going down each month fast. So when you did not get your investment back in the first 2 or 3 months then you most probably will not make the investment back ever.

The same goes for cloud mining. Its simply way too hard.

I suggest stay out of it as long as you dont have some serious advantage, like power costs very low or so.
feryjhie
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June 23, 2015, 02:15:12 PM
 #29

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

its really really not worth for you
its just make your computer broken
ranochigo
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June 23, 2015, 02:55:09 PM
 #30

everybody told me that mining is unprofit,so all i have to do just looking for a better way to get bitcoin

mining is not profitable these days because bitcoin price is very low unlike in 2013 to early 2014 where bitcoin price is at its peek.
They weren't much more profitable at that time either. The difficulty was rising tremendously. Even if you chose to buy at the $300-400 price point, by the time your ASIC comes, you won't have much time left to mine. Furthermore, the price crashed a lot in the coming months and people were losing lots of money. If you brought at the $400 price point, you could have just sold it when it reached $1000. Buying Bitcoins is still the most effective way to earn.

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ikydesu
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June 23, 2015, 04:23:53 PM
 #31

everybody told me that mining is unprofit,so all i have to do just looking for a better way to get bitcoin

Not for now.
If you want to mining, better to find altcoin which have a potential to the moon. But most all altcoin is easy to dump and pump so be careful.


~iki
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June 23, 2015, 06:24:41 PM
 #32

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

If you manage to buy some ASIC and attach them to your computer via USB them it might be worth, or not, depending of costs.

Of course mine with any non asic device is not worth today, even for brand new computers made for games

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June 23, 2015, 09:26:41 PM
 #33

Nah, I have a really good computer and when I tried mining it barely gave me dimes.
There are just too many people/companies dedicated to mining bitcoins now.

Try investing in a miner

Good luck on your endeavours
Hazir
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June 23, 2015, 09:38:50 PM
 #34

Nah, I have a really good computer and when I tried mining it barely gave me dimes.
There are just too many people/companies dedicated to mining bitcoins now.

Try investing in a miner

Good luck on your endeavours
No, just not invent in any hardware. Don't invest in any miners anymore. Bitcoin mining USED to be profitable couple years ago, but since that time name of the game is big mining farm.
Difficulty of algorithm is not suitable anymore to able to profit from small home miner rig. Early years of mining are gone.


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June 24, 2015, 04:03:56 AM
 #35

everybody told me that mining is unprofit,so all i have to do just looking for a better way to get bitcoin

Not for now.
If you want to mining, better to find altcoin which have a potential to the moon. But most all altcoin is easy to dump and pump so be careful.


~iki
Some alt coins have algorithms which reduces or stop the profitability of GPU and possibly doesn't allow other ASICs to work. Although these coins would be profitable, they may have botnet miners already on them thus having high difficulty. In the first place, OP's 5 years old computer would probably have been under various loads and the performance would have been reduced significantly.

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June 24, 2015, 06:16:57 AM
 #36

everybody told me that mining is unprofit,so all i have to do just looking for a better way to get bitcoin

Not for now.
If you want to mining, better to find altcoin which have a potential to the moon. But most all altcoin is easy to dump and pump so be careful.


~iki
Some alt coins have algorithms which reduces or stop the profitability of GPU and possibly doesn't allow other ASICs to work. Although these coins would be profitable, they may have botnet miners already on them thus having high difficulty. In the first place, OP's 5 years old computer would probably have been under various loads and the performance would have been reduced significantly.

there are still some coins that are profitable but only at launch like usual, if you can catch the train before he leave the station, you can earn something respectable, but you need to be fast there

the good thing is that 1 gpu should be enough for this, so everyone can join the altcoin lottery, the only risk is virus and nothing else, because electricity is not an issue with instamining like this
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June 24, 2015, 06:22:33 AM
 #37

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

What are the specs of your computer? I'm surpised no one has asked this. If you have a 24 core processor or something ridiculous then maybe it's worth it. Also depends on where you live because electricity bills vary by location.
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June 24, 2015, 06:28:57 AM
 #38

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

What are the specs of your computer? I'm surpised no one has asked this. If you have a 24 core processor or something ridiculous then maybe it's worth it. Also depends on where you live because electricity bills vary by location.

Sure, but the OP mentioned it was 4-5 years old already... My Dual L5420 runs 8 threads on XEON cpu's, mining XMG whenever it has some spare cpu cycles (it's running a miner on very low priority). It makes only 5-8 cents a day... Even if it was a server with 24 XEON cores, 4 threads, but 4-5 years old, it would still only make $1/day if used for mining... Or maybe my configuration of my server is way of, and i could be making a lot more than i am ;-)

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June 24, 2015, 09:01:19 PM
 #39

Can we make a sticky "No, you can't mine with your old equipments/abacus/etc"? this kind of posts..
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June 24, 2015, 09:05:38 PM
 #40

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.

Unless he has a good, up to date GPU it's most likely worth it as well. I got an i5 which is not 5 years old, and I remember trying to mine Maxcoin and some other less known at release CPU coin, and it was not worth it, I couldn't get many coins.
Your best bet is a good GPU and getting the right coin to mine early on.
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