Newbie About Mining Hash Rate

[xty]

Hi,

I am new to mining bitcoin and i was wondering if it was worth mining at 47Mhash/s ? I personally think that the time,heat and energy is wasted at that speed, am i right?

My laptop details:

Intel(R) Core(TM) i7-4700MQ CPU @2.40GHz 2.40GHz
RAM: 16GB
NVIDIA GeForce GT 740M
Intel(R) HD Graphics 4600

Its actually on the NVIDIA i get that speed. Thanks for helping me out

[InsanityDev]

Hi,

I am new to mining bitcoin and i was wondering if it was worth mining at 47Mhash/s ? I personally think that the time,heat and energy is wasted at that speed, am i right?

My laptop details:

Intel(R) Core(TM) i7-4700MQ CPU @2.40GHz 2.40GHz
RAM: 16GB
NVIDIA GeForce GT 740M
Intel(R) HD Graphics 4600

Its actually on the NVIDIA i get that speed. Thanks for helping me out

correct, however you may be able to successfully pool mine one of the newer cpu only sha3 coins, most are forked from quark, an example would be MetaCoin.

http://zcoins.org:9842/ seems to be a pool for only sha3 cpu coins, so probably a good place to start.

[chocomav]

You could join one of the bitcoin mining pools, such as eligius and try mining for a 24-hour period, then see what your contribution and payout from the pool is. Based on what you receive for that 24-hour period, you can easily calculate if it exceeded your electricity cost for that same period.  Similarly, you could then do same experiment for a couple of the other up-and-coming alternate crytocurrencies.

[odolvlobo]

correct, however you may be able to successfully pool mine one of the newer cpu only sha3 coins, most are forked from quark, an example would be MetaCoin.

http://zcoins.org:9842/ seems to be a pool for only sha3 cpu coins, so probably a good place to start.

47 MH/s is not likely to pay for the electricity. Even if it did, it certainly wouldn't pay for your time. At the current difficulty, 47 MH/s will mine about 0.00001 BTC per day. That's less than a penny per day.

I agree with InsanityDev. Your only option is to mine a CPU-only alt coin.

[Gabi]

Bitcoin mining is to be done with ASIC. Bitcoin mining with processors or GPU is dead.

GPU mining is alive for litecoin or dogecoin for example, but not with a nvidia card, and anyway not with a mobile card. As chocomav said, you can also CPU mine the coins he named.

Mining with a laptop is always a bad bad idea due to overheating anyway

[xty]

Thanks for the reply guys For the 1hr i let my laptop run the mining software, it was heating badly even with a cooler. I think i will have a look at the ASIC products if i would consider mining.

[Sonny]

I think i will have a look at the ASIC products if i would consider mining.

Be sure to check a profit calculator before buying any hardware or hashrate.
http://bitcoinwisdom.com/bitcoin/calculator

[neot]

Mining with a laptop is always a very bad idea. Don't even think about that

I agree.  Most laptops don't have good cooling systems.