Newb Mining

[CryptoGee]

Hi all,

Another newbie here. I have been researching about cryptocurrencies for a little while and I am going to buy some coins shortly. I will probably go for Doge, Lite and Feather. When it comes to economics I am useless to be honest..I mean even the money system we have today is crazy to get your head around!

So for me, hording some coins is like having a flutter down the casino, I will only invest what I am willing / can afford to lose. I guess the inner geek just wants to be able to tinker with something too.

Anyway, as there are so may cryptocurrencies out there and Bitcoin is impossible to mine for without crazy budgets (from what I have read) I was wondering if there are ANY altcoins that can be mined with a basic CPU or a GPU? Any coin, I don't care..as long as I can get some and keep them. I am aware they will probably crash and burn but hey, you never know!

Ideally I wanted to use a cheap motherboard and CPU setup to just CPU mine so I don't have to buy a graphics card and to keep it as cheap as possible. From what I have been reading, 'script' coins are easier to mine for? So, going by what I have stated, is it possible and if so which coin(s) could I mine (list in link).

Thanks for you patience.

http://coinmarketcap.com/

[Frisky]

Welcome!

Soon, a cryptomaster will come to help you.

Please, wait.

 

[CryptoGee]

Welcome!

Soon, a cryptomaster will come to help you.

Please, wait.

 

Thank you.

It seems like I should be scared!? 

[Proteus123]

When I started mining I got help so here's the return.

SHA-256 coins are useless to mine on normal computers, you will make almost nothing and waste money in power. You want to mine Scrypt coins, such as Litecoins. Coinwarz.com tells you which coins are best to mine, but it is volatile, and I recommend Doge coin as it is fairly stable right now. On my 6870 GPU I make about 2k doges a day which amounts to around 0.004 BTC.

Just look up a mining guide and follow the instructions, make sure you are doing it for scrypt coins. I don't have any links, but I use CGMiner (command line) and multipool.us pool. You will also need to optimize your gpu - this info can be found on the litecoin wiki under hardware comparisons (Google this). Lastly, you need graphics card drivers (duh, but I actually forgot this when I did it the first time and it fixed one of my issues).

Hope this helps!

[CryptoGee]

When I started mining I got help so here's the return.

SHA-256 coins are useless to mine on normal computers, you will make almost nothing and waste money in power. You want to mine Scrypt coins, such as Litecoins. Coinwarz.com tells you which coins are best to mine, but it is volatile, and I recommend Doge coin as it is fairly stable right now. On my 6870 GPU I make about 2k doges a day which amounts to around 0.004 BTC.

Just look up a mining guide and follow the instructions, make sure you are doing it for scrypt coins. I don't have any links, but I use CGMiner (command line) and multipool.us pool. You will also need to optimize your gpu - this info can be found on the litecoin wiki under hardware comparisons (Google this). Lastly, you need graphics card drivers (duh, but I actually forgot this when I did it the first time and it fixed one of my issues).

Hope this helps!

Thanks for the reply.

Script coins is what I was after. I do have a gaming rig with a GTX 670, but I wanted to put a dedicated machine together on the cheap strictly for script mining and possibly coins that can be mined via a CPU? If not, I have read the AMD 7950 is good for mining? I want to avoid spending too much tbh, but I am realistic as to what I could mine, thats why I wanted to mine and hoard any coins going.

Ps, are you referring to normal graphics card drivers or special ones for mining?

[oxfardk]

it's the quickest way to start mining by cpu mining

[Stinky_Pete]

When I started mining I got help so here's the return.

SHA-256 coins are useless to mine on normal computers, you will make almost nothing and waste money in power. You want to mine Scrypt coins, such as Litecoins. Coinwarz.com tells you which coins are best to mine, but it is volatile, and I recommend Doge coin as it is fairly stable right now. On my 6870 GPU I make about 2k doges a day which amounts to around 0.004 BTC.

Just look up a mining guide and follow the instructions, make sure you are doing it for scrypt coins. I don't have any links, but I use CGMiner (command line) and multipool.us pool. You will also need to optimize your gpu - this info can be found on the litecoin wiki under hardware comparisons (Google this). Lastly, you need graphics card drivers (duh, but I actually forgot this when I did it the first time and it fixed one of my issues).

Hope this helps!

Thanks for the reply.

Script coins is what I was after. I do have a gaming rig with a GTX 670, but I wanted to put a dedicated machine together on the cheap strictly for script mining and possibly coins that can be mined via a CPU? If not, I have read the AMD 7950 is good for mining? I want to avoid spending too much tbh, but I am realistic as to what I could mine, thats why I wanted to mine and hoard any coins going.

Ps, are you referring to normal graphics card drivers or special ones for mining?

It's SCRYPT

[Proteus123]

When I started mining I got help so here's the return.

SHA-256 coins are useless to mine on normal computers, you will make almost nothing and waste money in power. You want to mine Scrypt coins, such as Litecoins. Coinwarz.com tells you which coins are best to mine, but it is volatile, and I recommend Doge coin as it is fairly stable right now. On my 6870 GPU I make about 2k doges a day which amounts to around 0.004 BTC.

Just look up a mining guide and follow the instructions, make sure you are doing it for scrypt coins. I don't have any links, but I use CGMiner (command line) and multipool.us pool. You will also need to optimize your gpu - this info can be found on the litecoin wiki under hardware comparisons (Google this). Lastly, you need graphics card drivers (duh, but I actually forgot this when I did it the first time and it fixed one of my issues).

Hope this helps!

Thanks for the reply.

Script coins is what I was after. I do have a gaming rig with a GTX 670, but I wanted to put a dedicated machine together on the cheap strictly for script mining and possibly coins that can be mined via a CPU? If not, I have read the AMD 7950 is good for mining? I want to avoid spending too much tbh, but I am realistic as to what I could mine, thats why I wanted to mine and hoard any coins going.

Ps, are you referring to normal graphics card drivers or special ones for mining?

Normal drivers. A 7950 is great my 6870 would have almost paid for itself in a month if I hadn't lost most of it attempting to altcoin invest.

[odolvlobo]

You will not be successful mining most coins with a CPU because you will be competing with others that are mining with GPUs or ASICs. You should mine coins that can only be mined with a CPU such as Primecoin and Quark, and a couple others that I don't remember.

[CryptoGee]

Thanks for all the replies. Sorry for the spelling. I'll try to remember its SCRYPT

I am aware that I will not be successful trying to mine against people mining via their GPU so will definitely only mine for coins that CPU mine only

I already have most parts, I only need a motherboard. Is it worth ago mining CPU only scrypt coins then?

Thanks.

[kylekartan]

Thanks for all the replies. Sorry for the spelling. I'll try to remember its SCRYPT

I am aware that I will not be successful trying to mine against people mining via their GPU so will definitely only mine for coins that CPU mine only

I already have most parts, I only need a motherboard. Is it worth ago mining CPU only scrypt coins then?

Thanks.

I've been mining some Quark on a few spare systems for giggles. The returns haven't been massive, but they've given me a little capital to play with the the exchanges. The other systems that I use have some (slightly) older ATI cards which are happily scrypt mining. Their profitability is better than Quark overall, but I'll take something for nothing any day.

[CryptoGee]

Yeah, that's all I want to do really, mine some coins for free or for not very much at least and just save them. They might not ever be worth anything, but I will give it ago. Is there a specific speed of CPU I should be aiming for?

[CryptoGee]

So, I have put together a basic PC just for CPU mining. I joined a DogeCoin pool and left my PC mining all night which was about 9-10 hours and made only around 1.5 DogeCoin. I can't even extract the coins until I have made 500. This really doesn't seem viable, unless there are new coins with lower difficulties I can mine?

[Sonny]

Ideally I wanted to use a cheap motherboard and CPU setup to just CPU mine so I don't have to buy a graphics card and to keep it as cheap as possible. From what I have been reading, 'script' coins are easier to mine for? So, going by what I have stated, is it possible and if so which coin(s) could I mine (list in link).

Welcome.

You should mine scrypt coins using GPUs, and you can mine CPU-only coins with your CPU as well.

[Sonny]

So, I have put together a basic PC just for CPU mining. I joined a DogeCoin pool and left my PC mining all night which was about 9-10 hours and made only around 1.5 DogeCoin. I can't even extract the coins until I have made 500. This really doesn't seem viable, unless there are new coins with lower difficulties I can mine?

For doge, cpu-mining is very inefficient.
You should go for some CPU-coin for your CPU.

FYR: List of CPU-ONLY AltCoins
https://bitcointalk.org/index.php?topic=379601.0

[CryptoGee]

Thank you very much for that. I will give some of these a go.

[Sonny]

Thank you very much for that. I will give some of these a go.

No problem. Have fun mining

[chaosPT]

Try to mine altcoin now at least it worth your time much more for now .