Bitcoin Forum
September 19, 2018, 06:08:49 AM *
News: ♦♦ Bitcoin Core users must update to 0.16.3 [Torrent]. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Does running an old miner help support the bitcoin network  (Read 1095 times)
jofus
Full Member
***
Offline Offline

Activity: 127
Merit: 100


View Profile
January 25, 2017, 10:58:39 PM
 #1

Does running an old miner that can't compete with the big guys at mining coins at least still help decentralize, secure, and support the bitcoin network?
1537337329
Hero Member
*
Offline Offline

Posts: 1537337329

View Profile Personal Message (Offline)

Ignore
1537337329
Reply with quote  #2

1537337329
Report to moderator
Einax Airdrops and Bounties made easy! List your ERC-20 token
FREE
ETH markets launching soon!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537337329
Hero Member
*
Offline Offline

Posts: 1537337329

View Profile Personal Message (Offline)

Ignore
1537337329
Reply with quote  #2

1537337329
Report to moderator
1537337329
Hero Member
*
Offline Offline

Posts: 1537337329

View Profile Personal Message (Offline)

Ignore
1537337329
Reply with quote  #2

1537337329
Report to moderator
1537337329
Hero Member
*
Offline Offline

Posts: 1537337329

View Profile Personal Message (Offline)

Ignore
1537337329
Reply with quote  #2

1537337329
Report to moderator
-ck
Moderator
Legendary
*
Offline Offline

Activity: 2646
Merit: 1142


Ruu \o/


View Profile WWW
January 25, 2017, 11:05:58 PM
 #2

Not really in any significant way at all; it just costs you money in electricity.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
jofus
Full Member
***
Offline Offline

Activity: 127
Merit: 100


View Profile
January 25, 2017, 11:55:34 PM
 #3

I know its a super small contribution, but it still adds to the network right?  I mean if 10,000 people ran one old miner, it would start to be significant right?
-ck
Moderator
Legendary
*
Offline Offline

Activity: 2646
Merit: 1142


Ruu \o/


View Profile WWW
January 26, 2017, 12:04:02 AM
 #4

I know its a super small contribution, but it still adds to the network right?  I mean if 10,000 people ran one old miner, it would start to be significant right?
No.

Then again you have to define small. You have no idea how massive the network is at the moment compared to old miners. It's 3exahash, so you work it out for yourself.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
coinableS
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000



View Profile WWW
January 26, 2017, 01:29:05 AM
 #5

Are you talking about pooled or solo mining? If you solo mine at least you'll add a node to the network  Wink

os2sam
Legendary
*
Offline Offline

Activity: 2464
Merit: 1001


Think for yourself


View Profile
January 26, 2017, 02:02:22 AM
 #6

Does running an old miner that can't compete with the big guys at mining coins at least still help decentralize, secure, and support the bitcoin network?

Only if you find Block(s).  If you don't find any blocks then it doesn't do anything for Bitcoin of the network.

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
cleverhope
Sr. Member
****
Offline Offline

Activity: 588
Merit: 251


GEMERA


View Profile
January 26, 2017, 10:17:41 AM
 #7

Does running an old miner that can't compete with the big guys at mining coins at least still help decentralize, secure, and support the bitcoin network?
u want to be like a robin hood? do not do unnesessary work, u just waste your mony for electricity with old miner.

coynedterm
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500


★Nitrogensports.eu★


View Profile
January 26, 2017, 10:43:51 AM
 #8

Does running an old miner that can't compete with the big guys at mining coins at least still help decentralize, secure, and support the bitcoin network?
I don't think , that it can help at any part for the bitcoin system . Because in the current time mining is not much profitable because to solve the complicated network of bulk transactions the hardware needed to be of higher version . Here using a very old miner ( whether you want to earn or help bitcoin network no matter ) you can't make any amount of usuable money in month .
Do if you want to help the bitcoin network you should go fot r the the bitcoin miner s5 .
Because this old version of mine still able to do something best then the rest of old are


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

You can add your own referral link
jofus
Full Member
***
Offline Offline

Activity: 127
Merit: 100


View Profile
January 26, 2017, 05:04:16 PM
 #9

Does running an old miner that can't compete with the big guys at mining coins at least still help decentralize, secure, and support the bitcoin network?

Only if you find Block(s).  If you don't find any blocks then it doesn't do anything for Bitcoin of the network.

This is what I was wondering.  So if I am not finding blocks with a miner I am not positively contributing to the network in anyway?


The reason I was asking is that a lot of people are complaining that most of the miners are concentrated into big pools or farms, making the network not as decentralized as it could be.  I see lots of old useless miners for sale for pretty cheap.  I was wondering if a lot of people decided they would run just one each, not to profit, but to help support the system and decentralize it more it that would actually do anything.

It appears the answer is no Sad
just_Alice
Hero Member
*****
Offline Offline

Activity: 784
Merit: 505



View Profile
January 26, 2017, 05:57:31 PM
 #10

Does running an old miner that can't compete with the big guys at mining coins at least still help decentralize, secure, and support the bitcoin network?

Only if you find Block(s).  If you don't find any blocks then it doesn't do anything for Bitcoin of the network.

This is what I was wondering.  So if I am not finding blocks with a miner I am not positively contributing to the network in anyway?


The reason I was asking is that a lot of people are complaining that most of the miners are concentrated into big pools or farms, making the network not as decentralized as it could be.  I see lots of old useless miners for sale for pretty cheap.  I was wondering if a lot of people decided they would run just one each, not to profit, but to help support the system and decentralize it more it that would actually do anything.

It appears the answer is no Sad

Actually I was thinking like you. I thought one old miner still can do a part of the job and if to combine many old miners, S3 for example, they can compete. Now I'm puzzled. What about that usb miner, Avalon nano, with the hashrate approximately 2 GH/s? Is it absolutely worthless?

███▄                 ▄███           ▄▄███▀▀█▄▄                   ▄▄█████▄▄           ███▄               ███    ▀██▄             ▄██▀
█████               ▄████       ▄▄████▄█ ██ ████▄▄           ▄▄████▀▀▀▀▀████▄▄       █████              ███      ███           ███
██████             ██████      ▀▀██▄█████▄▄███▄█▀▀▀         ███▀▀         ▀▀███      ███▀██▄            ███       ▀██▄       ▄██▀
███▀███▄         ▄██▀ ███     ███▄▀███▀████████ ████       ███               ███     ███  ███           ███         ███     ███
███  ▀███       ███▀  ███    █████ █████████  █▄▀▀▀▄█     ███                 ███    ███   ▀██▄         ███          ▀██▄ ▄██▀
███    ███▄   ▄███    ███   ▀████▀▄██████▀█████████▀██   ███                   ███   ███     ███        ███            ▀███▀
███     ▀███▄███▀     ███   █▄▄▄▄███  ████████▀███████   ███                   ███   ███      ▀██▄      ███            █████
███       █████       ███   ██▀██████████▀████████████   ███                   ███   ███        ███     ███           ██▀ ▀██
███        ▀█▀        ███    ███████▀████████▀▀▀███▄█     ███                 ███    ███         ▀██▄   ███         ▄██▀   ▀██▄
███                   ███
     █  █▀█████████ ███ ███       ███               ███     ███           ███  ███        ██▀       ▀██
███                   ███
      █████▀▄▄▀█▄██▄▀▀▀▄██         ███▄▄         ▄▄███      ███            ▀██▄███      ▄██▀         ▀██▄
███                   ███
       ▀▀██▄▀▀▄███▀████▀▀           ▀▀████▄▄▄▄▄████▀▀       ███              █████     ███             ███
███                   ███
           ▀▀██████▀▀                   ▀▀█████▀▀           ███               ▀███   ▄██▀               ▀██▄
.
.TRADE, EARN & OWN THE EXCHANGE
.████   WHITEPAPER    FACEBOOK    TWITTER    LINKEDIN    TELEGRAM    CRUNCHBASE   ████
   FREE   TRADING &
ICO LISTING
.SUPERIOR  TO NASDAQ
AND LSE
  US$ 29M  RAISED IN
2 WEEKS
[]
wmabern
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


Visualize whirledps


View Profile
January 26, 2017, 07:15:12 PM
 #11

Rather than running old miners, I think the best way you could support the network would be to run a full Bitcoin Node. This will help transactions propagate faster across the network.

Of course you will need 80+GB of hard disk space for the block chain on the PC and an always-on PC and internet connection. You could also then use the BTC Core wallet if you chose to do so. That is what I do.

If I am incorrect that running a full node would help the network, someone please set me straight.  Smiley

Mine on!!

BITMIXER.IO Gone Baby, Gone.. ;-)
Not any good sig campaigns out there that I want!
tubexc
Hero Member
*****
Offline Offline

Activity: 502
Merit: 500


View Profile
January 26, 2017, 10:34:37 PM
 #12

Does running an old miner that can't compete with the big guys at mining coins at least still help decentralize, secure, and support the bitcoin network?

 It helps if you register your rig at miningrigrentals for example !
 Unity is strength !  Wink
t3ChNo
Sr. Member
****
Offline Offline

Activity: 588
Merit: 252



View Profile
January 26, 2017, 11:57:52 PM
 #13

It helps in a little way but not worth it in terms of your electricity bills.

                 ░▒▓▓▓▓▓▓▓▓▓▒▒░
           ░▒█████████████████████▒░
         ▓███████████████████████████▓░
      ░███████████████▓░▒███████████████░
     ▓██████████▓▓▒░        ▒▒▓▓██████████
   ░███▓                               ▒███▒
  ░████               ▒▒▒               ████▒
 ░█████░           ░███████░            █████▒
 ██████░          ░██      ██▒          ██████
░██████░          ██       ██           ██████▒
▓██████           ██░ ░   ░██           ███████
▓██████         ████████████████        ███████
▓██████        █████████████████        ███████
░██████▒       ███████████████       ░██████▓
 ███████       █████████████████       ▓██████
 ░███████       ████████████████      ▓██████▒
  ▒███████▒       ░ ░     ░ ░       ░███████▒
   ░████████▒                     ▒████████▒
     ▓████████▓░               ░▓█████████
      ░██████████▓░          ▓██████████░
         ▓██████████▒     ▒██████████▓░
           ░▒██████████▒▓█████████▓░
                 ░▒▓▓▓▓▓▓▓▓▓▒▒░
-ck
Moderator
Legendary
*
Offline Offline

Activity: 2646
Merit: 1142


Ruu \o/


View Profile WWW
January 27, 2017, 12:12:10 AM
 #14

Does running an old miner that can't compete with the big guys at mining coins at least still help decentralize, secure, and support the bitcoin network?

 It helps if you register your rig at miningrigrentals for example !
 Unity is strength !  Wink
This makes no sense at all.

It helps in a little way but not worth it in terms of your electricity bills.
And this we've explained multiple times is NOT the case at all.

Since this thread is slowly getting derailed by posters who are either repeating what's already been said, don't know what they're talking about and/or are just adding posts to increase their post count, I'm locking it.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!