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BTC Mining vs. Vanity Mining
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Topic: BTC Mining vs. Vanity Mining (Read 1203 times)
xiano8494
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BTC Mining vs. Vanity Mining
October 29, 2012, 11:56:26 AM
#1
I've done some basic calculations based on my current mining rigs and as far as I can tell from a pure profit point of view you are better off "mining" vanity addresses rather than mining for bitcoins.
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Fjordbit
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firstbits.com/1kznfw
Re: BTC Mining vs. Vanity Mining
October 29, 2012, 04:04:40 PM
#2
Quote from: xiano8494 on October 29, 2012, 11:56:26 AM
I've done some basic calculations based on my current mining rigs and as far as I can tell from a pure profit point of view you are better off "mining" vanity addresses rather than mining for bitcoins.
Views?
I've seen others come to the same conclusion. Why not try it out?
xiano8494
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Re: BTC Mining vs. Vanity Mining
October 29, 2012, 04:08:11 PM
#3
I am planning to.
Waiting for a gfx card to arrive that should triple my hash-rate (i.e. my current group of devices are equal to the new gfx card divided by two, or close enough). Then I plan to "race" it against the pool of devices for about a month and see the results.
Not particularly scientific, and probably not for long enough but should give some idea. Of course it can be skewed quite heavily by the bounties on vanity names at the time.
xiano8494
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Re: BTC Mining vs. Vanity Mining
October 30, 2012, 07:21:15 AM
#4
Came across this link in another thread (
https://bitcointalk.org/index.php?topic=84569.200
):
http://fizzisist.com/mining-value/
Has a dynamic graph to tell you which is more profitable at any given time. Very useful.
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