Hi all Newbie here.

[bludstem]

Hey all. I am Bludstem.

I am a newbie to the crypto currency thing. I found out about them through a couple of Youtube channels that I pay attention to. I decided to give this a try.

Only problem that I seem to be having, is that my computer seems to be crap when it comes mining coins either through a pool or solo. At the moment I don't have the money to buy equipment to mine coins more efficiently. On my computer my graphics card (Geforce 7300 SE/7200 GS) does not support OpenCL or CUDA.

My processor (AMD Athlon 64 3200+) seems to work for BitCoin (between 64kh/s and 100kh/s), however after speaking to BitCoin veterans, I have found out that will not be enough to actually be worth mining. I attempted Elephant Coin overnight and had 0h/s the entire night with nothing running except my wallet and CGMiner Scrypt.

Any advice would be appreciated on which if any coins would be worth mining with my current setup until I could buy specialized equipment to both mine more efficiently and better coins.

Currently I do not have the money to buy even a Block Erupter.

[Anon135246]

Welcome to the forums. Hope you can learn more here

[tysat]

Don't bother mining with your current hardware, you won't generate even close to the electricity cost of running it.

[bludstem]

Don't bother mining with your current hardware, you won't generate even close to the electricity cost of running it.

If I am going to have this computer on anyways, would running it in the background still gain some benefits? without something working with my current setup it seems that I may never be able to get going on this. I know that at the moment nothing that I can do will be efficient, however I need to find a way to earn something to buy better equipment. Also I have an Arduino, is there any way that I can set this up to mine until I can buy something better?

[tysat]

Assuming you pay for electricity, you won't be earning with any of those devices.  Despite what you may thing, Bitcoin isn't a way to get rich quick.

[dragonkid]

If I am you, I will either save up for some decent hardware, or buy BTC instead of mining it.

[bludstem]

Assuming you pay for electricity, you won't be earning with any of those devices.  Despite what you may thing, Bitcoin isn't a way to get rich quick.

I know its not a get rich fast thing. I just want to figure out a way to earn coins so that i can use them to buy the equipment i need to have better hashrates. so with a Block Erupter USB do i plug that into my USB port and the programs detect it automatically? if not how does that work?

[tysat]

I'm pretty sure block erupters aren't worth it anymore either.  I'd suggest reading more before diving in.

I think the days of making money from small time mining are over.

[uk1]

Welcome to the forum

[bludstem]

I'm pretty sure block erupters aren't worth it anymore either.  I'd suggest reading more before diving in.

I think the days of making money from small time mining are over.

there are 10gh/s block erupter blocks

[MitchMonsta]

I remember mining in early 2011, when I'd be earning 1 BTC/Wk mining at 250 MH/s... If only I knew that BTC was going to take off...

[bludstem]

I remember mining in early 2011, when I'd be earning 1 BTC/Wk mining at 250 MH/s... If only I knew that BTC was going to take off...

yeah i was talking to someone earlier that mentioned that 1 BTC used to only be $7

[ferda2mx]

I'm pretty sure block erupters aren't worth it anymore either.  I'd suggest reading more before diving in.

I think the days of making money from small time mining are over.

there are 10gh/s block erupter blocks

You can have these immediately, but these cost too much with almost no chance to mine back the BTC you bought these with. Hard to recommend you something in current situation when it seems you desperately look for something to mine with as soon as possible

[bludstem]

I'm pretty sure block erupters aren't worth it anymore either.  I'd suggest reading more before diving in.

I think the days of making money from small time mining are over.

there are 10gh/s block erupter blocks

You can have these immediately, but these cost too much with almost no chance to mine back the BTC you bought these with. Hard to recommend you something in current situation when it seems you desperately look for something to mine with as soon as possible

what im more curious about is more whats the cheapest option that will be strong enough to be able to earn my money back. ive heard a lot about ASIC but im not really sure besides the block erupter brand on what is out there what works good for a beginner these days. sorry if i worded things wrong. thats more what im trying to figure out. at the moment i actually dont know of any other ASIC brands or options besides the block erupters.

[palerider]

I have been hearing mining is not worth it anymore :/ I play gambling btc games and try to strike it rich XD....I need more btc so I can gamble them away lol

[bludstem]

I have been hearing mining is not worth it anymore :/ I play gambling btc games and try to strike it rich XD....I need more btc so I can gamble them away lol

I have none to gamble with at the moment. though i have found some ways to get a start on collecting BitCoins

[terman45x]

Here goes my first post

Here goes my second post

  
I wonder how your 3rd post will look like 

[CryptStorm]

Hello!

[oswald]

hello everyone

[Xeldal]

Hi everyone, I'm new here also.  about a month ago i would have said maybe theres some time left for GPU's in Altcoins or Scrypt mining.  I think that come to an end as well.  Atleast for me.  I might go 1 more month but after that its definitly better to just spend the electricity money i would be spending each month (or day) on buying some coins.

[bludstem]

Welcome.

[Sparhawk76]

I am fairly new to the whole mining thing,  just recently got a system capable of mining some of the scypt coins. Started first trying to mine litecoins, but got frustrated that by the time I had mined enough to get a payout, the value of litecoin's had dropped vs BTC. After that I tried mining on Middlecoin, but wasn't quite satisfied that I was being properly compensated for my ~400 KH/s rig.  Now I am giving [Suspicious link removed] a try, seems pretty good so far, like the Vardiff support, much more confident in having my contributions properly accounted for. 

I'm hoping in the near future that I can throw another couple cards in my mining system so I can make a bit more per day, but factoring that I leave my computer running anyways, my card draws 112W at peak usage, should cost me roughly $8 for electricity, and generate me around $27, overall profit of $19/month.

[jeffersonairplane]

Hello welcome to the forum.

[CareyFree]

mine the coin is fun buy is not fun

[nahtnam]

Not really good at mining stuff, but just want to welcome you here!

[BubuLeMag]

Hi there !

[marcotheminer]

Hello and welcome!
Personally i wouldnt bother, I gave up trying a month ago when difficulty and electricity costs increased so i wasnt making any profits, only the illusion that I was when in fact electricity was eating away at my income :/

[Yura]

hello and welcome

[Ardenyham]

 

I'm hoping in the near future that I can throw another couple cards in my mining system so I can make a bit more per day, but factoring that I leave my computer running anyways, my card draws 112W at peak usage, should cost me roughly $8 for electricity, and generate me around $27, overall profit of $19/month.

But the comp will take another 100W you have to add. Watch the wallet wattage with watt-metter

[elemental]

I'm hoping in the near future that I can throw another couple cards in my mining system so I can make a bit more per day, but factoring that I leave my computer running anyways, my card draws 112W at peak usage, should cost me roughly $8 for electricity, and generate me around $27, overall profit of $19/month.

In the short-term, this may be correct, but if you're going to buy extra hardware: how long will it take to get to break even?  Also consider that the difficulty isn't fixed, even for LTC, and it's just possible that dedicated hardware *will* come along before you manage to make a return!

It's a fun hobby, though   

[yakuza699]

Hi, and i dont really recomend you to mine, mining is not profitable these days if you have bad hardware instead of mining you should buy bitcoins and wait until it gets more expensive.

[Sparhawk76]

I realize I am kinda late to the game ... but doesn't mean I can't still get some returns, I've actually moved away from mining LTC and am instead mining on hashcows, a pool similar to middlecoin, but with vardiff, and option to keep individual coins mined or auto exchange on a coin by coin basis. It's fairly new but getting better all the time. Seem to be making better returns there than I was just mining LTC.

As for adding in the cost to run my comp,  I was running it 24/7 anyways before I started mining, so to me that cost of power would be spent anyways.

[DigitalGoldCoin]

Welcome to the forums

[iram731]

hey,
welcome to the forum!
I'm new as well.

[nor9748]

Hi, welcome.

[Mattheww]

If you don't have momey for investment, .. try to mine litecoin.

[marcovaldo]

There should be a sticky topic to explain that it is too late for people who wants to mine with crap components, and be rich within a month....

[monbux]

Assuming you pay for electricity, you won't be earning with any of those devices.  Despite what you may thing, Bitcoin isn't a way to get rich quick.

I know its not a get rich fast thing. I just want to figure out a way to earn coins so that i can use them to buy the equipment i need to have better hashrates. so with a Block Erupter USB do i plug that into my USB port and the programs detect it automatically? if not how does that work?

BEs won't get you anywhere unless you just want to mine for fun.  There IS a new hardware out, Bitfury USBs that mine at 2.5+GH/s, but they are costly.  Those block Erupter blocks are called ASIC mining Blades. 

I'd suggest you buy some BTC and do some investments or something.  Play around with them.  You can't get rich quick.

[BiTCluE]

Hi

I'm new. It's great to receive people's advise

[nahtnam]

Hi

I'm new. It's great to receive people's advise

Welcome to you too man!