gallantaves (OP)
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January 15, 2016, 09:06:29 AM |
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Hi,
This is my first time taking interest on mining altcoins, is it possible to mine altcoins using just CPU or is it more GPU Extensive?
Any thoughts on CPU Mining for litecoin
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altcoinhosting
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January 15, 2016, 09:08:19 AM |
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Hi,
This is my first time taking interest on mining altcoins, is it possible to mine altcoins using just CPU or is it more GPU Extensive?
Any thoughts on CPU Mining for litecoin
I have tried this... there was no profit to be made. Offcourse, some altcoins are good for cpu mining (i preferred mining magicoin), but in the end the power cost/drain on my pc made the whole endavour unprofitable. The diff for LTC is so high you basically need an asic to mine it... maybe a good GPU might work, but i doubt it. |
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gallantaves (OP)
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January 15, 2016, 09:12:02 AM |
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Hi,
This is my first time taking interest on mining altcoins, is it possible to mine altcoins using just CPU or is it more GPU Extensive?
Any thoughts on CPU Mining for litecoin
I have tried this... there was no profit to be made. Offcourse, some altcoins are good for cpu mining (i preferred mining magicoin), but in the end the power cost/drain on my pc made the whole endavour unprofitable. The diff for LTC is so high you basically need an asic to mine it... maybe a good GPU might work, but i doubt it. Is that so, so energy and hardware cost kills the profit of litecoin. |
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altcoinhosting
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January 15, 2016, 09:16:54 AM |
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Is that so, so energy and hardware cost kills the profit of litecoin.
In my opinion, yes, mining LTC with your CPU has a negative profit (you lose money the more you mine). I think you basically need free electricity and free second hand PC's to turn a profit with CPU mining LTC. Some other coins might be profitable to mine with your PCU if your power is really cheap, and your hardware is cheap to.... |
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gallantaves (OP)
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January 15, 2016, 09:29:09 AM |
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Is that so, so energy and hardware cost kills the profit of litecoin.
In my opinion, yes, mining LTC with your CPU has a negative profit (you lose money the more you mine). I think you basically need free electricity and free second hand PC's to turn a profit with CPU mining LTC. Some other coins might be profitable to mine with your PCU if your power is really cheap, and your hardware is cheap to.... Got it, Thanks. Will try to research more on that |
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joblo
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January 16, 2016, 04:37:31 AM |
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QuintLeo
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January 19, 2016, 06:57:08 PM |
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Mining Litecoin (or any other Scrypt coin) hasn't been profitable with *GPU* for about 2 years now, trying to mine it with CPU was a way to lose money months or a year before THAT.
I'm not sure if ANY coin still exists that can be profitably mined on a CPU - even stuff like X11/X13 based coins have been "GPU are marginal to low profit, FORGET CPU unless you like giving all your mining income and a whole lot more to the power company" at any electric cost greater than FREE for a while now.
For perspective, a Nvidia 750Ti GPU mines X11 coins (like DASH) at a few MILLION hash/sec - as opposed to that link bragging about a CPU managing a few hundred THOUSAND hash/sec - the 750Ti manages it's hashrate on less than 50 watts (35-40 comes to mine in some of the tests I've seen) while that CPU is probably using quite a bit more than that.
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Ayers
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Leading Crypto Sports Betting & Casino Platform
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May 08, 2016, 05:49:56 AM |
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esp is not cpu only anymore, they release gpu miner recently, but for now there is still soem competition for cpu, but it will not last much longer, my experience say that only those criptonight and akin are cpu strong coin, because there is no edge with gpu there, have a nice day |
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Quartx
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May 08, 2016, 06:02:49 AM |
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Having been mining hodl on my old laptops and it ahs been pretty good, but you can nvr beat those with botnets as well as infinite VPSes
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newbtcminer
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"That's just like, your opinion, man."
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May 08, 2016, 09:16:16 PM |
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From what I can gather, unless you can reliably predict the next big cryptocurrency (good luck) cpu mining isn't profitable.
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