Eaks77 (OP)
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Activity: 57
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October 16, 2013, 01:49:19 AM |
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Hey Everyone,
Well it's been about 8 months since I was mining for bitcoin. I have a couple computers set up, bringing in around 3.5-4.5Ghs. Not much, especially now with the crazy difficulty number with bitcoin. I stopped mining because of the heat being put off during a Canadian Summer... well winter is a coming! Cool operation!
Anyways... I remember hearing that mining other currencies (LTC) and swapping them over to BTC is the best way to make $$. Has anything changed in the last 8 months? Also, i remember hearing there's some software out there that will automatically mine a currency depending on it's yield into BTC. Does this exist?
Thanks!
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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pand70
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October 16, 2013, 01:56:59 AM |
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There are some pools that you can mine the most profitable alt coin atm and exchange it with bitcoins afterwards... Just search the forum..
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hulk
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October 16, 2013, 01:58:43 AM
Last edit: October 16, 2013, 12:45:37 PM by hulk |
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Hey Everyone,
Well it's been about 8 months since I was mining for bitcoin. I have a couple computers set up, bringing in around 3.5-4.5Ghs. Not much, especially now with the crazy difficulty number with bitcoin. I stopped mining because of the heat being put off during a Canadian Summer... well winter is a coming! Cool operation!
Anyways... I remember hearing that mining other currencies (LTC) and swapping them over to BTC is the best way to make $$. Has anything changed in the last 8 months? Also, i remember hearing there's some software out there that will automatically mine a currency depending on it's yield into BTC. Does this exist?
Thanks!
middlecoin.com is what you are looking for, but the profit is not as good these few weeks. |
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Eaks77 (OP)
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October 16, 2013, 02:12:36 AM |
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Excellent, thanks hulk!
Simple question... since I havent mined in forever... but is it even worth it to mine with 3.5-4.5Ghs? Even using middlecoin.com?
There's probably a calculator out there, but thought i'd just ask.
Thanks!
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hulk
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October 16, 2013, 12:47:41 PM |
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Excellent, thanks hulk!
Simple question... since I havent mined in forever... but is it even worth it to mine with 3.5-4.5Ghs? Even using middlecoin.com?
There's probably a calculator out there, but thought i'd just ask.
Thanks!
It really depends on your electricity charges, but for simple calculation you can use this http://middlecoin.com/profitgraph.html. Averaging about 0.015 per MH/s so you should get about 0.06 Bitcoin per day with your 4Mh/s. Hope that helps  |
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Eaks77 (OP)
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October 17, 2013, 12:24:39 AM |
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Thanks for the info... i'll take a look. Fortunately in my Apartment building, my electricity is a fixed cost per month.  |
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Eaks77 (OP)
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October 17, 2013, 05:24:43 AM |
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that link for the profitability didn't work. Is 0.06BTC/day a good estimate? if so.. ouch. Things have certainly changed! if my math is right, that would bring in under $300 a month.
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hulk
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October 17, 2013, 06:12:29 AM |
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that link for the profitability didn't work. Is 0.06BTC/day a good estimate? if so.. ouch. Things have certainly changed! if my math is right, that would bring in under $300 a month.
Yup, and is dropping each day due to the Bitcoin price increases and Scrypt alt-coin reduces. So I believe it is no longer a good estimate. Maybe about 0.05BTC/day now |
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frankenmint
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Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
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October 20, 2013, 05:56:52 AM |
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that link for the profitability didn't work. Is 0.06BTC/day a good estimate? if so.. ouch. Things have certainly changed! if my math is right, that would bring in under $300 a month.
Yup, and is dropping each day due to the Bitcoin price increases and Scrypt alt-coin reduces. So I believe it is no longer a good estimate. Maybe about 0.05BTC/day now at a btc price of 180 that's 9 dollars per day or roughly the same 270 per every 30 days if you were on the most profitable coin and not necessesarily autoselling for the market price. I would be on a limit order scheme if I were you and you could likely see more than just .05 btc a day. Im doing 25 GH at like .05 btc a day so I don't know where those numbers came from. |
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fattypig
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October 20, 2013, 07:50:08 AM |
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that link for the profitability didn't work. Is 0.06BTC/day a good estimate? if so.. ouch. Things have certainly changed! if my math is right, that would bring in under $300 a month.
Yup, and is dropping each day due to the Bitcoin price increases and Scrypt alt-coin reduces. So I believe it is no longer a good estimate. Maybe about 0.05BTC/day now at a btc price of 180 that's 9 dollars per day or roughly the same 270 per every 30 days if you were on the most profitable coin and not necessesarily autoselling for the market price. I would be on a limit order scheme if I were you and you could likely see more than just .05 btc a day. Im doing 25 GH at like .05 btc a day so I don't know where those numbers came from. Are you mining BTC directly? |
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