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nobodysbusiness (OP)
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January 05, 2014, 02:54:14 AM |
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I was looking at the older USB Block Erupters on Amazon. They're really cheap now (about $30-40), but all the reviews state that it's impossible to pay-back the initial investment by mining bitcoin. So I was wondering, are there any altcoins that can be mined with one of those? Or are they all too high in difficulty to possibly make it worthwhile?
I don't have a lot of money to spend, so I probably wouldn't want to build a $2000 scrypt rig or buy a $5000 ASIC machine, but I think I could easily get 1 or 2 of these cheap Block Erupters. I wouldn't be doing it for immediate profit. I'd rather just mine a few 100k of a variety of altcoins and hang on to them, to see if they become worthwhile maybe 5 or 10 years down the road.
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Thyatis
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January 05, 2014, 03:10:49 AM |
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i am actually goin to buy some heap minees and solo bitcoin
why
well i like to gamble this is just that i might find a block minutes into mining i might never but guess what u dont win the lottery id u dont play.
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Thyatis
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January 05, 2014, 03:12:51 AM |
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additionaly gotohttp://www.coinwarz.com/cryptocurrency put 333 in the speed and select sha 256 click calculate and that will tell u how many coins u will get etc
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nobodysbusiness (OP)
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January 05, 2014, 03:24:35 AM |
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On coinwarz.com, there are 16 types of coin available, and all of them yield negative profitability. They don't seem like very attractive targets for mining (except possibly FireFly Coin, which I could mine about a hundred per day). Those 16 coins seem to be pretty major and pretty well-known. Does anyone have any experience with more obscure coins?
What about AsicCoin? GlobeCoin? ChocoCoin? ButterflyCoin? BountyCoin? There was even a recent post about MED with a hybrid Sha256Scrypt algorithm.
Maybe it might still be possible to get a few hundred of those per day with a Block Erupter?
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kalus
Sr. Member
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Activity: 420
Merit: 263
let's make a deal.
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January 05, 2014, 04:02:32 AM |
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but guess what u dont win the lottery id u dont play. well, i earnestly hope you win soon, becuase statistically speaking, you're more likely to be hit by lightning while travelling to claim your prize, and i want you to have as much time to enjoy it as possible. |
DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
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nobodysbusiness (OP)
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January 06, 2014, 02:54:49 AM |
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but guess what u dont win the lottery id u dont play. well, i earnestly hope you win soon, becuase statistically speaking, you're more likely to be hit by lightning while travelling to claim your prize, and i want you to have as much time to enjoy it as possible. I definitely agree that using a Block Erupter to mine bitcoin isn't going to bear fruit. But surely someone else must have a Block Erupter here in this forum. Or even a similar cheap ASIC device? Is everyone just keeping quiet because you don't want to reveal your secret ASIC coin that you think is going to go up a lot really soon? |
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cp1
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January 06, 2014, 02:59:49 AM |
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Time for Block Eruptor Coin! Only mine-able with BEs.
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Kenshin
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January 06, 2014, 03:01:25 AM |
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Time for Block Eruptor Coin! Only mine-able with BEs.
You mean MediterraneanCoin? |
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nobodysbusiness (OP)
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January 06, 2014, 02:07:06 PM |
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A Block-Erupter-Only coin sounds good to me. I'll follow the recent trend with altcoin launches and demonstrate my total ignorance of the altcoin scene by picking a three-letter code that's already taken.
ANNOUNCING: Block-Erupter Treasure Coin or BTC
The new coin that can only be mined with a Block Erupter!!!!
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Doges
Newbie
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Activity: 42
Merit: 0
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January 06, 2014, 03:51:38 PM |
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The only thing you should mine with older asics is Unobtanium
I think it is an attractive substance to elite miners who value difficulty and ultra rarity. I have tried to cash the few I have in, but if you actually mine Un it's hard to give up. It's also really low volume, and I think this keeps the price stable. One of my all time favorite alts.
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MassimoJee
Member
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Activity: 112
Merit: 10
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January 06, 2014, 04:15:45 PM |
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I suggest GlobeCoin (GLB), it is a promising coin, difficulty is still low enough to mine with BEs. Suggested pool: glb.supnova.cc. Enjoy.
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nobodysbusiness (OP)
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January 06, 2014, 05:58:13 PM |
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Thanks for the awesome ideas, guys!
I think that there is definitely some good altcoins that can be mined with a BE. I'm starting to think that it would be a good investment.
I'd probably also want to get a Raspberry Pi to plug the BE into, so it can run 24/7 without having to keep my main laptop open and running.
I'll let you all know how it goes.
Thanks for your help!
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MassimoJee
Member
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Activity: 112
Merit: 10
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January 06, 2014, 06:20:13 PM |
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I'd probably also want to get a Raspberry Pi to plug the BE into, so it can run 24/7 without having to keep my main laptop open and running.
Yes, mandatory to don't waste all mining reward for electricity ! |
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nobodysbusiness (OP)
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January 09, 2014, 07:47:41 PM |
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A quick update on my progress: I bought a Raspberry Pi starter kit, with a case, power supply and so on, and it's now shipped. It should arrive in a few days! I'm pretty excited.  |
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