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knightkon (OP)
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November 26, 2015, 02:20:40 AM |
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I am wondering whether or not mining BCN is worth it. I understand that the price is low compared to what I could get mining BTC, however, I can mine BCn with my computer and make something where I need $200 in equipment in order to mine BTC. Any opinion.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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wildduck
Legendary
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Activity: 966
Merit: 1001
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November 26, 2015, 07:01:05 PM |
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The price at the moment is very low around 7 or 8 satoshi, it was around 30.
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Vixmore
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November 29, 2015, 12:06:58 PM |
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Byte coin can be mined by CPU. Some data centres can mine it with "free" electricity. So it is not worth mining it unless you have a very efficient CPU.
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knightkon (OP)
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November 29, 2015, 05:55:44 PM |
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Byte coin can be mined by CPU. Some data centres can mine it with "free" electricity. So it is not worth mining it unless you have a very efficient CPU.
How do you determine if you have a very efficient CPU? I have been messing with Bytecoin and I am building a small amount, but I would like to use what I have to mine faster. If I mine on multiple computers using the same internet connection, will that be stupid or will that internet connection allow me to mine with a number of computers at the same time? |
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shanerc563
Sr. Member
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Activity: 322
Merit: 250
★777Coin.com★ Fun BTC Casino!
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November 29, 2015, 11:15:19 PM |
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Byte coin can be mined by CPU. Some data centres can mine it with "free" electricity. So it is not worth mining it unless you have a very efficient CPU.
How do you determine if you have a very efficient CPU? I have been messing with Bytecoin and I am building a small amount, but I would like to use what I have to mine faster. If I mine on multiple computers using the same internet connection, will that be stupid or will that internet connection allow me to mine with a number of computers at the same time? How can I best mine Bytecoin with my computer. I would like to mine, but all I have is the wallet and there is no mining options. Is there a miner I can download and if there are more than one, which one would be better in your opinion. |
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knightkon (OP)
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December 02, 2015, 12:46:43 AM |
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Can someone please explain this to me:  I am mining BCN and I think I understand it, but I am not sure. When I close the miner, it starts back at zero, so what does that mean? |
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magnatoj
Member
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Activity: 96
Merit: 10
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December 02, 2015, 12:50:24 AM |
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Dont worry, your coins will still be credited, just the "count" of shares etc gets restarted.
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knightkon (OP)
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December 02, 2015, 12:53:45 AM |
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Dont worry, your coins will still be credited, just the "count" of shares etc gets restarted.
So If I am correct then the good shares are the number of BCN I am going to receive? |
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magnatoj
Member
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Activity: 96
Merit: 10
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December 02, 2015, 12:59:14 AM
Last edit: December 02, 2015, 01:13:41 AM by magnatoj |
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Dont worry, your coins will still be credited, just the "count" of shares etc gets restarted.
So If I am correct then the good shares are the number of BCN I am going to receive? No, the number of shares is just "the number of shares" on a certain difficulty which determines your hashrate. You can use the pool website calculator to determine the BCN you will receive based on your hashrate/network hashrate. |
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knightkon (OP)
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December 02, 2015, 01:40:20 AM |
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Dont worry, your coins will still be credited, just the "count" of shares etc gets restarted.
So If I am correct then the good shares are the number of BCN I am going to receive? No, the number of shares is just "the number of shares" on a certain difficulty which determines your hashrate. You can use the pool website calculator to determine the BCN you will receive based on your hashrate/network hashrate. I hate to ask the obvious question and wonder where this pool calculator is located? I googled it and did not find much. Also where can i find out where I get paid and how much? Sorry for asking, just trying to completely understand. |
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magnatoj
Member
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Activity: 96
Merit: 10
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December 02, 2015, 02:03:22 AM |
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You can use this one https://minergate.com/calculator/cryptonoteThen look up exchanges such as Hitbtc, Poloniex, Bittrex or Changelly to determinate your final earnings in bitcoin. |
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Vixmore
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January 12, 2016, 09:25:37 AM |
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The volume in the poleniex is the largest. You can also exchange Bytecoin for Monero directly as it has Monero market there. |
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thirdchance57
Full Member
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Activity: 190
Merit: 100
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May 26, 2016, 11:20:43 PM |
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I have been researching this and I think I would like to try mining BTC. I am currently on my computer mining through minergate, however I am sure I can do better. I just got a job where I can do the mining electricity free, so I am looking for a faster mining setup if someone could recommend where I can get one or what to get/build.
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