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Author Topic: Can some one explain me how to mine in simple steps?  (Read 1617 times)
soumyasmruti
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November 27, 2013, 01:32:32 PM
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I have been mining with 50 miners software for 2 days without any luck.

I have a average speed of 11mh/s. How many days will it take to get 1 bitcoin?

Can some one tell me how to mine and where to min? how much it would cost me initially?

I have visited lots of articles and threads but couldn't get what I am expecting.

I have joined eclipsemc.com How to start mining there?
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RaTTuS
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November 27, 2013, 02:01:55 PM
 #2

https://bitcointalk.org/index.php?topic=9430.0
software mining is dead,
gpu mining is pretty much dead

In the Beginning there was CPU , then GPU , then FPGA then ASIC, what next I hear to ask ....

1RaTTuSEN7jJUDiW1EGogHwtek7g9BiEn
soumyasmruti
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November 27, 2013, 02:23:43 PM
 #3

Can anybody tell me how to pool mine on eclipse mc?
kwilliams
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November 28, 2013, 08:21:45 AM
 #4

1. Create ecpilse account
2. Install cgminer
3. Run this from your command line: cgminer -o stratum+tcp://us1.eclipsemc.com:3333 -O username:password

Note to NSA: please note in my personal file that the above comment, as well as any and all communications dating back to AOL/1993, are wholly fictitious, and are to be regarded as such. The later statement is to remain in effect until reversed by me personally in a waterboard-free questioning.
vpasic
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November 28, 2013, 10:46:24 AM
 #5

I have been mining with 50 miners software for 2 days without any luck.

I have a average speed of 11mh/s. How many days will it take to get 1 bitcoin?

Can some one tell me how to mine and where to min? how much it would cost me initially?

I have visited lots of articles and threads but couldn't get what I am expecting.

I have joined eclipsemc.com How to start mining there?


software got nothing to do with mining. you mine with hardwer, software is just tool to operate hw.

you can't earn anything with 11mh/s. I made a math for you.
if difficulty stays on 609 mil forever you will need little over 300 years to earn 1btc!
and I'm not kidding!
with 11mh/s and 609 mil diff you will earn 0.00027593 BTC/month, so 1BTC : 0.00027593 BTC = 3624 months.
3624 months : 12 = 302 years!!!

so if you are not willing to spend 5000-10000 dollars on some decent equipment you can forget about mining.

Tips: 1Ejj8eANy2PLZVwrWUczkbQ8kQY2JhKqp6
junshong
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Hi!


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November 28, 2013, 12:49:43 PM
 #6

1) Preorder a BFL Monarch.
2) Wait for 2 years
3) Huh
4) Profit
.
Nah dont do that. Mining is no longer profitable.
You might want to see the hardware comparison: https://en.bitcoin.it/wiki/Mining_hardware_comparison
Helpful mining calculator: http://mining.thegenesisblock.com/

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November 28, 2013, 11:34:32 PM
 #7

you can't earn anything with 11mh/s. I made a math for you.

Nonsense, I made $270 mining on this piece-of-junk laptop I'm using at 27 Mhash/sec, just recently.



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  THE FIRST    OF ITS KIND
  SELF-GOVERNED    ECOSYSTEM

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zvs
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I have some bitcoins. Somewhere.


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November 29, 2013, 12:18:19 AM
 #8

I made two billions with minerd on my IBM PC/XT

Dacentec Dedicated Servers (Lenoir, NC, USA) from $25/mo & Time4VPS Storage VPS' (Vilnius, Lithuania) from €18/qtr & Hetzner's serverbidding, from ~€20/mo -- had bitcoin nodes & p2pool (dacentec, hetzner) for several years on these.  Only two are affiliate links too, kek! -------  Feel free to join my G2A Goldmine Pyramid Scheme Team, or possibly even buy a Steam game from there.  Maybe.
vpitcher07
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November 29, 2013, 12:25:41 AM
 #9

11MH/s?Huh?? If you're solo mining that will never get you anything. If you want to even make some dust of a bitcoin join a pool like btcguild. You might get a 0.001 btc in a year at that hash rate. If you want to make some type of btc from mining you need something called an ASIC. They sell USB ASIC's on ebay which are going for around $30 right now. You will never ROI though.

Bitcoin: The currency of liberty
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soumyasmruti
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November 29, 2013, 08:40:25 AM
 #10

I made two billions with minerd on my IBM PC/XT

Gr8. Are you still mining on that?

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