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Author Topic: Can you mine without a graphics card?  (Read 4624 times)
cookiewise
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February 24, 2013, 11:13:40 AM
 #1

sorry for the noob question
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PartTimeLegend
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February 24, 2013, 11:26:43 AM
 #2

Yes, you can mine with anything that can do processing.

The issue is speed. You see the Hashes Per Second is the key to earning through mining.

If you mine on a cheap CPU you might get 700 khps. A decent graphics card can get you 300 mhps.

The new ASIC units in production and some have been deployed have ranges up to 1,500 ghps or 1.5 thps.

If you are mining in a PPS pool, then you really want to hit the more hashes to get better shares.

Obviously you can mine one hash on your CPU doing solo mining and solve a block. Though it's very doubtful.

cookiewise
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February 24, 2013, 11:40:48 AM
 #3

thanks for the reply, how would i go about starting to mine with cpu? i have dell inspiron 1545 and cant upgrade the graphic card so i thought i might as well try without the graphic card, i dont pay the electric so the cost of electric wouldnt bother me, im sure you could mine more in a day on the cpu than you could earning by visiting websites and what not
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February 24, 2013, 11:41:53 AM
 #4

Sure, buy an ASIC

Quote
im sure you could mine more in a day on the cpu than you could earning by visiting websites
Nah, cpu mining is dead. GPU mining is quickly dying too.
cookiewise
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February 24, 2013, 11:47:55 AM
 #5

Sure, buy an ASIC

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im sure you could mine more in a day on the cpu than you could earning by visiting websites
Nah, cpu mining is dead. GPU mining is quickly dying too.
whats an ASIC? how does it work?
mintymark
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February 24, 2013, 11:52:52 AM
 #6

Just so there is no misunderstanding as to just HOW slow CPU mining would be, lets roughly translate that 700khps to dollars shall we?

Using the calculator here http://www.alloscomp.com/bitcoin/calculator

I make that about 9 cents per month. On average.

So the real answer here is that if you did a paper round and brought bitcoins, you would have far more!!

Bitcoin mining can be done, theoretically speaking with a CPU, but in practice its long dead. If you want to try it you can do it using options on the bitcoin daemon.

As an earlier poster said, GPU mining is fast going the same way. ASICS are the way to go if you want to mine.

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February 24, 2013, 11:53:20 AM
 #7

ASIC means Application-specific integrated circuit.

They are chips designed for a single purpose. In the case of those produced for bitcoin mining, they do nothing but produce hashes.

http://launch.avalon-asics.com/

organofcorti
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February 24, 2013, 11:56:26 AM
 #8

Don't CPU mine. If you're paying for electricity, it will cost much more than you can ever possibly earn.

And even if you don't pay for electricity, the amount you'll earn will not be useful. At the moment a 50Mhps CPU will earn ~ 0.004 btc in the ~ two weeks between retargets, which is about 12 cents even at the current price of $30 USD per btc. Within about three months the same CPU will earn about 1.2 cents in the two weeks between retargets.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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cookiewise
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February 24, 2013, 12:01:05 PM
 #9

thanks for the information, i now know not to bother cpu mining
smogbog
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February 24, 2013, 12:52:08 PM
 #10

this is good to know - are most folks mining with specialized mining hardware?

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organofcorti
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February 24, 2013, 12:57:42 PM
 #11

this is good to know - are most folks mining with specialized mining hardware?

Atm most people are still mining with GPUs. But right now most of the network's hashrate is probably coming from FPGAs and ASICs. The hashrate distribution per miner is probably much more asymmetric than it usually is.

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smogbog
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February 24, 2013, 01:08:01 PM
 #12

is it worth it to join one of the mining 'pools' or groups? or do you mine solo?

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Gabi
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February 24, 2013, 01:09:47 PM
 #13

Sure, buy an ASIC

Quote
im sure you could mine more in a day on the cpu than you could earning by visiting websites
Nah, cpu mining is dead. GPU mining is quickly dying too.
whats an ASIC? how does it work?
https://en.wikipedia.org/wiki/Application-specific_integrated_circuit
Quote
is it worth it to join one of the mining 'pools' or groups? or do you mine solo?
Usually pool, depend on your mining power. If you have enough power you can solo mine and find a block in some days. But this require a lot of power, so, pool  Smiley

Quote
this is good to know - are most folks mining with specialized mining hardware?
Most people still use GPU but well, a single 1300$ ASIC has enuff power to mine like 250GPU... so even 1 person with this ASIC kickass 250 people with a gpu.
organofcorti
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February 24, 2013, 01:13:29 PM
 #14

is it worth it to join one of the mining 'pools' or groups? or do you mine solo?

What equipment do you have - what is the estimated hashrate?

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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qrs
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February 24, 2013, 01:15:38 PM
 #15

on my CPU have avg. 5.17 MHash/s

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cookiewise
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February 24, 2013, 01:56:25 PM
 #16

is it possible to mine with external hardwear, as in through the usb with anything?
organofcorti
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February 24, 2013, 02:00:24 PM
 #17

is it possible to mine with external hardwear, as in through the usb with anything?

Hopefully some time soon.

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Mitchell
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October 23, 2017, 12:25:35 PM
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Closed because of pointless necro's.


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