allankey
Newbie
 Offline
Activity: 55
Merit: 0
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September 12, 2016, 03:00:24 PM |
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Today one of my friend hit me with his question that he want to start bitcoin mining but i am a noob too in mining thing so i though it is the right time to ask you guys about it
his pc has
2gb ram
Intel 2.8 Ghz processor
500 gb HDD
Internet - coming soon 500kbps download speed
and his mobile has(for web mining) :
2gb Ram
Intel 1.6 Ghz
Internet - download speed 4-5 mbps
he asked me 1.what pool should he use? 2.what software he should use and some additional information about this. precautions and guides are welcome too
sell your mobile phone, buying 2gb ram again and 1 Rx480 now im running ethereum classic mining with 2x Rx 480 and my earning arround 2etc perday  https://s13.postimg.io/nohz0dt9z/ssaqwrwrw.jpgHow long you expect before you ROI? Maybe 3 months down the road, you should sell your setup to recoup some funds. |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Sundark
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September 12, 2016, 03:35:26 PM |
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If bitcoin developers wanted us to still mine bitcoin using GPU or CPU they would kept option to mine BTC in Bitcoin Core client.
But they removed it in recent version. And for me it is a sign that individual mining of BTC is dead. Focus on altcoins if you have to mine.
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AdolfinWolf
Legendary
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Activity: 1946
Merit: 1427
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September 12, 2016, 06:58:05 PM |
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So its not profitable to mine as an individual? good to know, one less option to worry about.
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Zadicar
Legendary
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Activity: 1330
Merit: 1020
Seabet.io | Crypto-Casino
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September 13, 2016, 02:16:16 PM |
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If bitcoin developers wanted us to still mine bitcoin using GPU or CPU they would kept option to mine BTC in Bitcoin Core client.
But they removed it in recent version. And for me it is a sign that individual mining of BTC is dead. Focus on altcoins if you have to mine.
Individual mining is still possible but not on a regular high specced PC. Mining bitcoin would require ASIC which could definitely mine bitcoin but same as other said its not profitable anymore unless if you have free electricity and you have decent amount of money to invest on a mining farm which could make you profitable but in CPU and GPU i think its impossible already but on mining altcoin then its possible as of now. |
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reb0rn21
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Activity: 1898
Merit: 1024
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September 13, 2016, 08:21:00 PM |
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GPU mining is still very profitable I am still upgrading my GPU farm, last month I switched to Nvidia to save on electricity , NW is like 50-60% less power hungry them new AMD rx 4xx which use power as match as old 28nm
If you go Nvidia I would suggest GTX 1060 or GTX 1070, per day 1070 can make ~3-3.5$ and power usage per card is 130-140w (1070)
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Manbrick
Newbie
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Activity: 2
Merit: 0
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September 13, 2016, 11:41:06 PM |
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right new to mining, have seen a friends mine and said for me to try, but everywhere i have seen people say its not worth it anymore but yet seem to go on about there mine :/, i have been given 3 antminer s1's and a s3 from a friend who had them kicking around as he has 5 s9's now, im going to get a psu for the s3 and run it while at work while on night shifts so no cost on electric for me, can get away when im alone because of the fan noise but will change them out to quite ones if i want to leave it running 24hrs is it worth me doing or just stick them on ebay
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emezh10
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September 14, 2016, 11:51:28 AM |
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You shouldn't do that now as it is really unprofitable at this moment
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Manbrick
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Activity: 2
Merit: 0
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September 14, 2016, 10:43:08 PM |
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yeah i have no costs, just got a psu for free from a friend aswell, so if its costing me nothing how is it unprofitable?? or am i missing some elitist with many petahash trying just to mine to hoard i dont understand why people are putting people off and if your in a pool as many hashes the better since you have more chance of solving stings but hey
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Nathland
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September 17, 2016, 05:58:13 PM |
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yeah i have no costs, just got a psu for free from a friend aswell, so if its costing me nothing how is it unprofitable?? or am i missing some elitist with many petahash trying just to mine to hoard i dont understand why people are putting people off and if your in a pool as many hashes the better since you have more chance of solving stings but hey
It depends on the electricity price. If you do not pay for the electricity, then it is very profitable to mine. |
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socks435
Legendary
Offline
Activity: 2016
Merit: 1030
Privacy is always important
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September 17, 2016, 06:27:03 PM |
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yeah i have no costs, just got a psu for free from a friend aswell, so if its costing me nothing how is it unprofitable?? or am i missing some elitist with many petahash trying just to mine to hoard i dont understand why people are putting people off and if your in a pool as many hashes the better since you have more chance of solving stings but hey
It depends on the electricity price. If you do not pay for the electricity, then it is very profitable to mine. Illegal your electricity with mining farm its risky to do because anytime they can trace you if they know that you are eating a large electricity in your house. or if you have solar it is better to have free electricity. it can be profitable without no risk. |
Solving blocks can't be solved without my rigs.
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allankey
Newbie
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Activity: 55
Merit: 0
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September 22, 2016, 10:51:35 PM |
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I dropped the idea of mining since the ROI period doesn't seems palatable to me. But I like the idea of selling the rig away after 3 months to recoup losses. But who would buy?
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sulendra12
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September 23, 2016, 12:21:21 AM |
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I dropped the idea of mining since the ROI period doesn't seems palatable to me. But I like the idea of selling the rig away after 3 months to recoup losses. But who would buy?
It would be good idea , if you reached the half of your ROI and selling your Rig , you can pass your ROI instantly. I think anyone wants to buy your RIG , but make sure you use an escrow and explain the details about your rig if you want to sell it online . |
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RyanLiang
Newbie
Offline
Activity: 39
Merit: 0
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September 23, 2016, 06:23:40 AM |
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I dropped the idea of mining since the ROI period doesn't seems palatable to me. But I like the idea of selling the rig away after 3 months to recoup losses. But who would buy?
It would be good idea , if you reached the half of your ROI and selling your Rig , you can pass your ROI instantly. I think anyone wants to buy your RIG , but make sure you use an escrow and explain the details about your rig if you want to sell it online . But if it is still profitable to mine, why sell the rigs. You can still make some profit if the rig does not devalue a lot. |
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allankey
Newbie
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Activity: 55
Merit: 0
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September 24, 2016, 06:56:18 AM |
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I dropped the idea of mining since the ROI period doesn't seems palatable to me. But I like the idea of selling the rig away after 3 months to recoup losses. But who would buy?
It would be good idea , if you reached the half of your ROI and selling your Rig , you can pass your ROI instantly. I think anyone wants to buy your RIG , but make sure you use an escrow and explain the details about your rig if you want to sell it online . Perhaps reach ROI for 50 percent and sell, will not gain profits. Maybe reach ROI of 60% then sell off the rig will make more sense, I think. |
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yakdivine
Member
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Activity: 70
Merit: 10
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September 24, 2016, 07:18:11 AM |
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I will advice you to learn how to trade bitcoin with other currency. Bitcoin mining are for those that has large capital
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Instantode
Newbie
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Activity: 8
Merit: 0
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September 24, 2016, 11:07:51 AM |
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I will advice you to learn how to trade bitcoin with other currency. Bitcoin mining are for those that has large capital
Bitcoin mining is not for the newbie. It is better to mine the altcoins with the graphics cards. They are much cheaper. |
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Docnaster
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September 24, 2016, 12:16:20 PM |
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Today one of my friend hit me with his question that he want to start bitcoin mining but i am a noob too in mining thing so i though it is the right time to ask you guys about it
his pc has
2gb ram
Intel 2.8 Ghz processor
500 gb HDD
Internet - coming soon 500kbps download speed
and his mobile has(for web mining) :
2gb Ram
Intel 1.6 Ghz
Internet - download speed 4-5 mbps
he asked me 1.what pool should he use? 2.what software he should use and some additional information about this. precautions and guides are welcome too
Mining with that specs of pc will be no longer for bitcoin mining , i strongly suggesting that don't try to mine anymore because it is not profitable with that kind of specs to mine bitcoin therefor you can't get back your ROI there thus just enjoy the speed and the specs of your gadgets chuchu. |
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dunfida
Legendary
Offline
Activity: 3080
Merit: 1131
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September 24, 2016, 02:28:30 PM |
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Today one of my friend hit me with his question that he want to start bitcoin mining but i am a noob too in mining thing so i though it is the right time to ask you guys about it
his pc has
2gb ram
Intel 2.8 Ghz processor
500 gb HDD
Internet - coming soon 500kbps download speed
and his mobile has(for web mining) :
2gb Ram
Intel 1.6 Ghz
Internet - download speed 4-5 mbps
he asked me 1.what pool should he use? 2.what software he should use and some additional information about this. precautions and guides are welcome too
Mining with that specs of pc will be no longer for bitcoin mining , i strongly suggesting that don't try to mine anymore because it is not profitable with that kind of specs to mine bitcoin therefor you can't get back your ROI there thus just enjoy the speed and the specs of your gadgets chuchu. With that kind of spec of a pc then for sure it would not even reach roi for 6 months.lol. CPU and GPU mining is not possible as of todays when you intend to mine bitcoin because in order to mine bitcoin you should need Asic which are commonly used now to mine bitcoin but still it would not assured you to be profitable since bitcoins difficulty is raised. |
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allankey
Newbie
Offline
Activity: 55
Merit: 0
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September 24, 2016, 02:56:45 PM |
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Today one of my friend hit me with his question that he want to start bitcoin mining but i am a noob too in mining thing so i though it is the right time to ask you guys about it
his pc has
2gb ram
Intel 2.8 Ghz processor
500 gb HDD
Internet - coming soon 500kbps download speed
and his mobile has(for web mining) :
2gb Ram
Intel 1.6 Ghz
Internet - download speed 4-5 mbps
he asked me 1.what pool should he use? 2.what software he should use and some additional information about this. precautions and guides are welcome too
Not worth mining. Perhaps could mine Altcoins and sell it on exchanges such as Yobit for some Bitcoins. But if electricity prices are high, then it is totally not worth it. |
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Katimand
Newbie
Offline
Activity: 12
Merit: 0
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September 24, 2016, 08:12:28 PM |
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Today one of my friend hit me with his question that he want to start bitcoin mining but i am a noob too in mining thing so i though it is the right time to ask you guys about it
his pc has
2gb ram
Intel 2.8 Ghz processor
500 gb HDD
Internet - coming soon 500kbps download speed
and his mobile has(for web mining) :
2gb Ram
Intel 1.6 Ghz
Internet - download speed 4-5 mbps
he asked me 1.what pool should he use? 2.what software he should use and some additional information about this. precautions and guides are welcome too
Not worth mining. Perhaps could mine Altcoins and sell it on exchanges such as Yobit for some Bitcoins. But if electricity prices are high, then it is totally not worth it. It is better to mine the altcoin. It is more profitable than mining the bitcoin directly. The ROI is quite fast. |
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