Question about Antminer S5

[claudiu678]

Hi guys,
I just want to start mining some altcoins cuz i see that i need very good hardware to mine Bitcoins, so i decided to mine Bytecoins.

My question is: with Antminer S5 can i also mine another SHA-256 coin. I read that Bytecoin is also SHA-256 based, like Bitcoin.

If i look over here: http://www.coinwarz.com/calculators/bytecoin-mining-calculator/?h=1000&p=0&pc=0&pf=0.00&d=377952.00000000&r=8428.63329634&er=0.00000020&btcer=1792.68050000&hc=0.00 I get like 600$/day, so... Is this right?

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[1713561144]

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[R0MD0C1]

Hi!

Bytecoin is under CryptoNight algorithm you can't use a S5 on it..

With this device you will earn ~1$/day (don't forget your electricity.. with it you will maybe lose money..)

600$/day was a dream with this device..  
Sorry..

Similar topic : https://bitcointalk.org/index.php?topic=1000135.0

[HagssFIN]

You can mine other SHA-256 coins, but Bitcoin is usually the most profitable in a long run.

Unfortunately Bytecoin is not a SHA-256 cryptocurrency, like R0MD0C1 said above.

[claudiu678]

Hi!

Bytecoin is under CryptoNight algorithm you can't use a S5 on it..

With this device you will earn ~1$/day (don't forget your electricity.. with it you will maybe lose money..)

600$/day was a dream with this device..  
Sorry..

Similar topic : https://bitcointalk.org/index.php?topic=1000135.0

You can mine other SHA-256 coins, but Bitcoin is usually the most profitable in a long run.

Unfortunately Bytecoin is not a SHA-256 cryptocurrency, like R0MD0C1 said above.

Thank you for your ansewers!
I don't want to mine with my PC, i would prefer to have a dedicated miner, what setup should i use to mine CryptoNight? Like Bytecoin and Monero for example.

[R0MD0C1]

There is no Cryptonight ASIC miner. You can build a mining rig !

similar topic : https://bitcointalk.org/index.php?topic=1846145.0

[Vaccinus]

Hi!

Bytecoin is under CryptoNight algorithm you can't use a S5 on it..

With this device you will earn ~1$/day (don't forget your electricity.. with it you will maybe lose money..)

600$/day was a dream with this device..  
Sorry..

Similar topic : https://bitcointalk.org/index.php?topic=1000135.0

You can mine other SHA-256 coins, but Bitcoin is usually the most profitable in a long run.

Unfortunately Bytecoin is not a SHA-256 cryptocurrency, like R0MD0C1 said above.

Thank you for your ansewers!
I don't want to mine with my PC, i would prefer to have a dedicated miner, what setup should i use to mine CryptoNight? Like Bytecoin and Monero for example.

you need to build your mining gpu rig, is made with 6 gpu and a proper motherboard with cheap cpu and ssd, you cn find many info here on how to build but you usually need g1840 asroch h81 pro btc 6 gpu and risers