Bitcoin Forum
May 13, 2024, 11:30:06 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: USB Mining?  (Read 629 times)
JointminerDe (OP)
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
July 28, 2013, 12:13:23 AM
 #1

I´m pretty new to this BTC stuff and I´m really interestet in it.
A Friend of mine told me about the USB miners.
So I plan to build a small miner with 3-4 sticks to mine my own coins.
What do you think about this? Would it be a good start for a newbie and would it be an effective and cheap way to mine?
BLF can´t deliver in the near future if I order an Jala.
I know that if I buy this setup I wouldn´t reach the ROI until the end of the year.
My plan is to make a long therm mining project.

Hope to hear from you and hello from germany
1715599806
Hero Member
*
Offline Offline

Posts: 1715599806

View Profile Personal Message (Offline)

Ignore
1715599806
Reply with quote  #2

1715599806
Report to moderator
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715599806
Hero Member
*
Offline Offline

Posts: 1715599806

View Profile Personal Message (Offline)

Ignore
1715599806
Reply with quote  #2

1715599806
Report to moderator
1715599806
Hero Member
*
Offline Offline

Posts: 1715599806

View Profile Personal Message (Offline)

Ignore
1715599806
Reply with quote  #2

1715599806
Report to moderator
1715599806
Hero Member
*
Offline Offline

Posts: 1715599806

View Profile Personal Message (Offline)

Ignore
1715599806
Reply with quote  #2

1715599806
Report to moderator
atomriot
Newbie
*
Offline Offline

Activity: 55
Merit: 0



View Profile
July 28, 2013, 01:05:08 AM
 #2

it seems like the price of the usb miners are falling all the time. from ebay to places that sell them for btc, they are just getting lower.

looks like now you can get them for around .6 - .7 btc or for around $80usd today but give that a week and it will be a lot lower i bet.

and if your just mining for the long run, it doesnt really matter what you use. roi is not something to think about until the hardware prices become more stable. and for that to happen, there would have to be more dependable hardware vendors and more availability of devices.

in the end its a fun game to play so you really cant lose because no matter what you get something for something, just those somethings may or may not be worth the same value monetarily speaking
mjc
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


Available on Kindle


View Profile WWW
July 28, 2013, 01:10:53 AM
 #3

here are a couple of articles you will wantt o look at:

http://bitcoinsbs.wordpress.com/2013/06/27/quick-math-what-will-my-mining-rig-bring-in/
and
http://bitcoinsbs.wordpress.com/2013/02/09/btc-mining-considerations/

Kindle : Bitcoin Step by Step (2nd Ed) : http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
Kindle : Bitcoin Mining Step by Step : http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
Facebook :  https://www.facebook.com/BitcoinStepByStep     Twitter : @BitcoinSbS
btcton
Legendary
*
Offline Offline

Activity: 1288
Merit: 1007


View Profile
July 28, 2013, 01:14:07 AM
 #4

Do know that it may take you longer than the end of the year for your ROI. Good luck!

The signature campaign posters adding useless redundant fluff to their posts to reach their minimum word count are lowering my IQ.
silverarrow
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
July 28, 2013, 01:58:12 AM
 #5

There's currently a group buy for 0.45 BTC.  Enjoy!

https://bitcointalk.org/index.php?topic=263587.0
minor59er
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
July 28, 2013, 06:31:19 AM
 #6

I cant wait to get a few of them and try out this.

http://learn.adafruit.com/piminer-raspberry-pi-bitcoin-miner/
atomriot
Newbie
*
Offline Offline

Activity: 55
Merit: 0



View Profile
July 28, 2013, 06:48:45 AM
 #7

I cant wait to get a few of them and try out this.

http://learn.adafruit.com/piminer-raspberry-pi-bitcoin-miner/

make sure you get a hub that works with the pi. the Anker 10 hubs do not.
bitcoindigi
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
July 28, 2013, 08:23:17 AM
 #8

I´m pretty new to this BTC stuff and I´m really interestet in it.
A Friend of mine told me about the USB miners.
So I plan to build a small miner with 3-4 sticks to mine my own coins.
What do you think about this? Would it be a good start for a newbie and would it be an effective and cheap way to mine?
BLF can´t deliver in the near future if I order an Jala.
I know that if I buy this setup I wouldn´t reach the ROI until the end of the year.
My plan is to make a long therm mining project.

Hope to hear from you and hello from germany

As far as I know, the electricity costs in Germany are rather high... It wouldn't surprise me, if you'll never make your investment back.
RussianInsomnia
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
July 28, 2013, 09:22:35 AM
 #9

I hear time and time again the difficulty of breaking even with the USB miners
nuti
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
July 28, 2013, 12:33:32 PM
 #10

If you are mining for interest rather than profit, then go for it.
I am a noob too and picked up some from btcguild a few weeks ago and have been happily mining and learning away.
You don't have many other options if you want to mine now.
Lethn
Legendary
*
Offline Offline

Activity: 1540
Merit: 1000



View Profile WWW
July 28, 2013, 12:35:42 PM
 #11

I really like the idea of USB miners because it means you don't have to sacrifice your graphics card to mine, I might actually get at least one if the prices are lowering as you say, if only they'd make them compatible with scrypt coins, then they'd definitely be worth it.
yeik
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
July 28, 2013, 12:55:10 PM
 #12

They can't, there isn't ASIC for scrypt (and I think is better that way).
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!