matte99 (OP)
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November 04, 2013, 09:28:27 AM |
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Hello everyone, I read much about bitcoin mining with great hardware and so but nothing about a situation like mine.
I have a small ubuntu server turned on 24/7 that just serves a webserver and nothing much.
So I already pay electricity for it and I was wondering if it would be worth getting a cheap Radeon GPU to economically take advantage of my situation.... any thoughts or advice?
thanks!
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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blockage
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Vires in numeris.
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November 04, 2013, 09:57:05 AM |
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Mining BTC using either the CPU or a new GPU doesn't pay off. Even with ASICs you might not get a ROI. If you really want to use your server for mining, you could look into altcoins for that. I would recommend looking at http://primecoin.org if you want to do CPU mining and in case you get a new GPU https://litecoin.org/ or some other scrypt based coin. |
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matte99 (OP)
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November 05, 2013, 11:33:02 AM |
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thanks for your reply, i will look better into that!
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SemiMolten
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November 05, 2013, 11:49:09 AM |
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Take note that if you mine using a CPU, your resources will be reduced and there will be extra heat and electricity fees
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matte99 (OP)
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November 06, 2013, 12:09:52 AM |
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ok, thank you very much for the information!
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achtung082
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November 06, 2013, 12:46:39 AM |
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You can try feathercoin and exchange it.
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Support sidehack projects: 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr My Sales Wallet BTC:bc1qxtxsc86lessnrsm52gf7qgmqle75htdr03zdd7 - LTC:LNLKyKkGNCJakZudGjc2qg26yYz7oeo92k - ETH:0xDf1b17872D9Ff22F04270BbDA13556B3E1649E27 |
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igl00
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November 06, 2013, 01:00:37 AM |
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which of the coin traded on BTC-E is easiest to mine now?
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GnB
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November 06, 2013, 07:28:25 AM |
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Hey Matt, was setting up a web server on linux easy? I currently have one running on IIS7 (windows) and it's shit so was thinking about switching
TIA
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SemiMolten
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November 06, 2013, 08:38:32 AM |
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which of the coin traded on BTC-E is easiest to mine now?
You might want to check this out: http://coinchoose.com/ |
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matte99 (OP)
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November 06, 2013, 11:54:10 AM |
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Hey Matt, was setting up a web server on linux easy? I currently have one running on IIS7 (windows) and it's shit so was thinking about switching I'm a computer science student and have been linux user for years, so it was quite easy for me personally. If you're not used to it it can be a little tougher, but once you are comfortable with using only the command line, it should be quite straightforward. Also, there's a lot of good and detailed guides out there. Good luck : ) |
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MineNerd
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November 06, 2013, 11:55:35 AM |
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You could always use the CPU and mine primecoins with it. Either solo or pool.
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igl00
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November 06, 2013, 11:51:21 PM |
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are primecoins easy to mine now compared to LTC/BTC?
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SemiMolten
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November 08, 2013, 06:08:30 AM |
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are primecoins easy to mine now compared to LTC/BTC?
Certainly million times easier than BTC. But for LTC, its around a few times easier. |
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Jetbiker
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November 11, 2013, 12:26:07 PM |
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How is the mining going now ?
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corebob
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November 11, 2013, 12:38:35 PM |
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I ran cgminer on a nvidia card last week and the payout after 30 hours was like 0.00004 btc or something like that.
You would probably get more bitcoins if you put a sign and a cup on the sidewalk saying "Give me some money please", and buy bitcoins for the profit.
...or just sell the cup right away
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igl00
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November 22, 2013, 03:31:13 AM |
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for free electricty its still fine to CPU mine - i do that on some of my SEO servers
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Wendigo
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November 22, 2013, 07:06:20 AM |
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I ran cgminer on a nvidia card last week and the payout after 30 hours was like 0.00004 btc or something like that.
You would probably get more bitcoins if you put a sign and a cup on the sidewalk saying "Give me some money please", and buy bitcoins for the profit.
...or just sell the cup right away
You made my day. I guess the New York beggars will demand donations in bitcoins now  |
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8ennett
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November 22, 2013, 07:10:18 AM |
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Mining BTC using either the CPU or a new GPU doesn't pay off. Even with ASICs you might not get a ROI. If you really want to use your server for mining, you could look into altcoins for that. I would recommend looking at http://primecoin.org if you want to do CPU mining and in case you get a new GPU https://litecoin.org/ or some other scrypt based coin. I fully agree, mining Bitcoin doesn't seem like a good option at the moment, and it's mostly ASIC's keeping the hash rate up now. Altcoins are your best bet when using CPU and GPU. I have my old gaming PC setup as a litecoin miner at the moment. |
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Didldak
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Oh boy!
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November 22, 2013, 07:48:09 AM |
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Just don't use GPU or CPU for BTC. Please!
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Hey.. watsup.
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