JohnnyPierce (OP)
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Activity: 75
Merit: 10
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November 15, 2013, 02:06:34 AM |
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I'm really interested in Bitcoin and I was wondering if it's still profitable to join a mining pool?
I mean, I don't have that much money to spend at the moment and I was wondering how long would I need to mine in association with a reputable mining pool to earn just 1 bitcoin?
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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johankahn
Newbie
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Activity: 25
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November 15, 2013, 02:20:58 AM |
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Hi, I started mining a few months ago at around 1GHash 3x 333MHash usb dongles. Currently with BTC guild that is seeing about 0.01BTC every 7-10 days. the dongles cost me around 0.2BTC each couple months ago. I think it'd be more profitable to start mining an altcoin such as Litecoin or Primecoin if you already have some decent graphics cards. I haven't tried any other ones for Bitcoins but BTC Guild also mine Namecoin at the same time. There are a few others that mine others such as IXC and DEV coin as well. Have a look at the site: https://en.bitcoin.it/wiki/Comparison_of_mining_poolsit's a good starting point to judge what pool would suit you, or at least where to start Mining bitcoins is very much a secondary means now (for me). Most comes from link revenue, market trades and stock holdings. Hope this helps |
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JohnnyPierce (OP)
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Activity: 75
Merit: 10
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November 15, 2013, 02:22:55 AM |
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My graphics card is a little old, it is a Nvidia GTX 295, is it worth it? should I mine solo or with a pool?
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johankahn
Newbie
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Activity: 25
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November 15, 2013, 02:32:55 AM |
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https://bitcointalk.org/index.php?topic=10541.0 <-- topic on same graphics card as you unless you got plenty of ASIC miners running into 100's GHashs, there is no real point mining bitcoin solo anymore. Pool is the best way to get anything now for most. With that Graphics card though, even on a pool, you will not reap much rewards. In all honesty, i would say with your current hardware, probably start mining an Altcoins  Primecoin, Litecoin and Goldcoins are some relativly easy alternatives.. you can then use an exchange to trade these for Bitcoins
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lyth0s
Legendary
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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November 15, 2013, 02:33:31 AM |
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You will never solo mine a bitcoin since your card would have to solve an entire block and then you would generate 25 bitcoins at all once. Graphics cards are way to slow at current difficulty to solo mine, so if you want to get involved with bitcoin, then join a pool. Is it worth mining bitcoins with a video card? Simply put, no. But it could be fun and is a great way to learn how to use a pool, send and receive bitcoins etc. You could also buy a few of these ASIC Miners and start a little bitcoin farm. Each of these miners roughly has the power of 1 video card in terms of mining bitcoins. Will you make money off them at current USD/BTC conversions? No. But once again it is a good introduction to bitcoins. |
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Johanna
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November 15, 2013, 03:13:46 AM |
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Btcguild is good. Or u can try solo mining |
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BitcoinBarrel
Legendary
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Activity: 1961
Merit: 1020
Fill Your Barrel with Bitcoins!
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November 15, 2013, 04:29:56 AM |
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I like Triple Mining because they have low fees, referral bonuses and weekly jackpots. Check out the link in my sig.
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MilesJohan
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November 15, 2013, 04:57:01 AM |
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Using BTCGuild here too |
MileyJohanson
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Ruzka
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November 15, 2013, 06:47:22 AM |
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I think Btcguild and eligius are pretty popular.
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SemiMolten
Member
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Activity: 86
Merit: 10
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November 15, 2013, 07:17:41 AM |
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Using bitminter, dont like all those complicated miners, just a simple Java client.
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Johanna
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November 15, 2013, 08:50:53 AM |
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BTCGuild is the best....
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chaosknight
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November 15, 2013, 03:11:30 PM |
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I'm really interested in Bitcoin and I was wondering if it's still profitable to join a mining pool?
I mean, I don't have that much money to spend at the moment and I was wondering how long would I need to mine in association with a reputable mining pool to earn just 1 bitcoin?
I don't get your question, but anyway, your profitable should be the same in the long run if you join mining pool or not. I am assuming the pool don't charge you anything... |
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MilesJohan
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November 16, 2013, 02:37:15 AM |
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I'm really interested in Bitcoin and I was wondering if it's still profitable to join a mining pool?
I mean, I don't have that much money to spend at the moment and I was wondering how long would I need to mine in association with a reputable mining pool to earn just 1 bitcoin?
Its up to you, you can also try solo mining if you wanna win big!! |
MileyJohanson
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Feneusens
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November 16, 2013, 07:42:24 AM |
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I'm really interested in Bitcoin and I was wondering if it's still profitable to join a mining pool?
I mean, I don't have that much money to spend at the moment and I was wondering how long would I need to mine in association with a reputable mining pool to earn just 1 bitcoin?
BTC guild, have good DDOS protection and less to no downtime... |
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chaosknight
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November 16, 2013, 10:16:55 AM |
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I am using BTCGuild also, tried other smaller pool but got DDOS and massive downtime..
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realitycheck
Member
Offline
Activity: 85
Merit: 10
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November 16, 2013, 10:43:56 AM |
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What hardware do you have?
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CEX.IO - Get yourself into bitcoin mining -no min starting point to figure out how it works while you mine.
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revilo
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November 16, 2013, 10:44:18 AM |
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BTC P2Pool for payments direct to wallet, no registration and no risk of the site being hacked!
pool.play4.co.uk:9332
play4.co.uk
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Thenen
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November 16, 2013, 11:09:27 AM |
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BTCguild is the best.... 100% up time...
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Undefeatable
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November 16, 2013, 01:40:59 PM |
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My advise is also BTCguild like everyone else..
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BitcoinAddicts
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November 17, 2013, 02:06:53 AM |
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I'm really interested in Bitcoin and I was wondering if it's still profitable to join a mining pool?
I mean, I don't have that much money to spend at the moment and I was wondering how long would I need to mine in association with a reputable mining pool to earn just 1 bitcoin?
Choose a pool that give out incentives, usually very small pool.. look at the pool section... |
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