I need some guidance with this one. I recently discovered Bitcoins and have a "basic" understanding. I am wanting to ramp things up to maximize potential profit. I have the following items at my disposal:
70 Laptops running XP or Linux available 24/7
My question:
1. BTC Guild, BitMinter, or other for pooling?
2. Guiminer, BitMinter, or other for mining?
3. Should I focus on Bitcoins only or try to mine for litecoins and namecoins at the same time?
OR
should I be considering something totally different? I am open for all options.
Thanks in Advance,
J
First, your questions:
1. BTC Guild, BitMinter, or other for pooling?Just to be sure, by "available 24/7" you do mean they will be running, on and mining 24/7?
2. Guiminer, BitMinter, or other for mining?cgminer
poolercpu miner (if power is not a concern)
3. Should I focus on Bitcoins only or try to mine for litecoins and namecoins at the same time?Not if you want to make things complicated.
But you can merge-mine namecoins at some pools and CPU mining litecoins is still more profitable than CPU mining bitcoins and will remain so even if GPU mining litecoins becomes less profitable than GPU mining litecoins.
Now, my questions:
Are power costs something you are worried about? If so, please tell us your hourly rate, as profit is revenue minus power costs.
How often are you willing to go ahead and reconfigure all the machines? (daily, weekly, monthly?)
What are the specifications of the machines? (CPU and GPU brand and model)