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Author Topic: Is anyone still CPU mining?  (Read 2316 times)
welcomewilson (OP)
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October 07, 2012, 04:09:40 AM
 #1

Is anyone making anything CPU mining? I have two "rigs" running at ~10 MH/s and 1 MH/s because I'm waiting for bASIC to ship.
joecascio
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October 07, 2012, 04:14:31 AM
 #2

I'd ask you. Smiley How often, if ever, do you make a block? Seems like at current difficulty, it could take months at 10 MHashes/sec.


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bitvientiane
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October 07, 2012, 04:18:40 AM
 #3

You'll get a share once every other hour or so Smiley
welcomewilson (OP)
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October 07, 2012, 04:29:33 AM
 #4

You'll get a share once every other hour or so Smiley

I'm getting on average 10 shares an hour.
welcomewilson (OP)
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October 07, 2012, 04:30:11 AM
 #5

I'd ask you. Smiley How often, if ever, do you make a block? Seems like at current difficulty, it could take months at 10 MHashes/sec.



I run in slush so in my months of mining, I've gotten .2 BTC.
joecascio
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October 07, 2012, 04:35:01 AM
 #6

So every share must be minuscule. Hardly seems worth it. Months of electricity usage for about $2.40?

Joe Cascio
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Benson Samuel
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October 07, 2012, 04:51:55 AM
 #7

I tried to CPU mine my VAIO  Grin
400 - 900 kHashs.
Approx 2 and a half hours per share.

I made a glorious 0.000000000 BTC after 3 shares and then stopped the experiment.

ragnard
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October 07, 2012, 05:12:29 AM
 #8

When just starting out in Bitcoin, and waiting for hardware to arrive, CPU mining has its merits. You learn about mining, start feeling out pools and feel like you are participating. Just don't expect to make a bunch of coins with it. But, taking those first steps, CPU mining will help.
panda1
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October 07, 2012, 05:18:00 AM
 #9

I stopped CPU mining.
welcomewilson (OP)
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October 07, 2012, 03:35:25 PM
 #10

So every share must be minuscule. Hardly seems worth it. Months of electricity usage for about $2.40?

I don't actually pay the electricity here, so I've made ~2.00
gyverlb
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October 07, 2012, 07:02:13 PM
 #11

I'm leasing some servers with power included and they have spare CPU cycles generating a total of 60-70MH/s. They were setup with Puppet long ago and on occasions I point them at different pools for testing purposes.

They were briefly used as probes to detect GPUMax leases at one point: you must have one worker active below the price at which a lease run to detect it and I developed a system to redirect my rigs to the best price for the current lease to maximize my gains there.

If they used any meaningful amount of my time I'd stop using them: currently the amount of BTC they get me could only pay me a tasty sandwich each month.

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sayvor
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October 07, 2012, 07:07:41 PM
 #12

I think cpu mining isn't worth it. I hope my ASIC will arrive soon Grin
modcom
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October 07, 2012, 07:38:08 PM
 #13

I have access to 3 Servers, they put out 13 mhash each. I just let them rum 24/7 on someone elses electric bill...

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October 07, 2012, 08:23:22 PM
 #14

Probably some botnets are still CPU mining although I read that the crooks moved on to GPU mining too.
ragnard
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October 08, 2012, 05:16:56 AM
 #15

You could also use your CPUs for Litecoin mining. Last I checked, LTC are still worth some BTC, so you would probably net more BTC by exchanging them for CPU mined LTC.
Statesman
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October 08, 2012, 05:37:10 AM
 #16

IMO, if you are paying your power costs, CPU mining is not worth it. With the increased block difficulty, your average share participation is negligible.

GPU mining, even in pools, is only worth it if you have a multi-card/rig setup, or again, if you aren't paying your power costs.

FPGAs have hit GPU miners hard, but nothing like the kick coming from the ASICs going live.
xunknownx
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October 09, 2012, 06:09:14 AM
 #17

i tried cpu mining using my work computers but its not very helpful.  it takes forever just to get 0.01 bitcoin.
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October 09, 2012, 08:38:57 AM
 #18



 Cheesy


I am a consultant providing services to CoinLab, Inc.
splat44
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October 09, 2012, 09:22:37 AM
 #19

Until I get a gpu, mining via my cpu will do! it doesn't make my electricity bill higher. Thanks goodness for that!
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October 09, 2012, 10:59:48 AM
 #20

in short
yes people are still CPU mining
yes most of them are losing money doing it

but people do things for different reasons, some are happy to get that satoshi a week, some are "learning about mining" while waiting for better hardware some have other reasons

you know its actually really good for the human race that different people do different things - even if some of them are not profitable.....
the world would be a boring place if we were all clones of some of the alleged experts around here

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