Newbie mining question

[fakerhunia]

I have two fairly low spec computers which run 24/7. Neither has a dedcicated graphics card.

If I have them both running as CPU miners connected to a mining pool is this likely to generate many Bitcoins?

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[Alexander_Z]

I have two fairly low spec computers which run 24/7. Neither has a dedcicated graphics card.

If I have them both running as CPU miners connected to a mining pool is this likely to generate many Bitcoins?

Absolutely not. Bitcoin mining using CPUs became obsolete years ago, now you need specialized hardware (ASICs) to mine BTC. It is possible to mine altcoins and automatically recieve payment in bitcoins (NiceHash can do this), but a couple of low-spec PCs will not generate any meaningful profit, especially after subtracting electricity costs (it may even be a loss).

[Anycoin Direct Support]

Hello fakerhunia,

In general it will not be very profitable for you, mining bitcoin with your low spec computers. We suggest you find other methods of earning bitcoin or using other methods of mining. There are other options to use your computers to mine other cryptocurrencies. One option is for example to use your storage space to mine coins such as: Filecoin, Storj or Siacoin. These coins want to create a decentralized storage system and allow you to use your storage as a method of mining coins.

Another option would be to look for a Proof of Stake cryptocurrency a Proof of Stake currency allows you to mine coins just by having a certain amount of that coin and puting it at stake. Think of Dash, PivX or Stratis. If you don't have a lot money to spend on trying to acquire a big enough stake, NEO also offers the option to generate gas which is calculated per NEO coin you are holding on a personal wallet address.

If you really want to use your computers for CPU mining just to learn about mining or to make money off your electricity, we suggest you start mining coins with a very low difficulty. These are usually unknown alt-coins and their value will probably be so low that your profit will probably still be very low. However it could be a good process to learn from and who knows the coin you are mining might become the next big thing leading to long term profits. This is a nice website to help you chose a coin https://whattomine.com/.

Anyway all by all we suggest you to do some in depth research about the options we gave you before attempting any of these yourself. Good luck with your mining adventure!

With kind regards,
The Anycoin Direct team

[sentbit]

if that's what you have, I just advise you to staking coin on your wallet check in this site https://masternodes.online/, buy coins and save in your wallet open your wallet 24/7 and you get reward this is much easier .

[Alluro]

Low specs computers are not enough to mine bitcoin. Now, bitcoin mining is very hard. It's not profitable with your electricity cost. If you have high specs computer, bitcoin is not only mineable coin. You can go with other altcoins.

[jseverson]

if that's what you have, I just advise you to staking coin on your wallet check in this site https://masternodes.online/, buy coins and save in your wallet open your wallet 24/7 and you get reward this is much easier .

Just a heads up: you can't earn Bitcoin directly this way. It's true that this can be profitable even with a very modest setup, but a lot of masternode coins are scams. Initial costs are also usually expensive enough that you might as well buy a mining rig setup if it would be profitable for you.

[crairezx20]

Just a heads up: you can't earn Bitcoin directly this way. It's true that this can be profitable even with a very modest setup, but a lot of masternode coins are scams. Initial costs are also usually expensive enough that you might as well buy a mining rig setup if it would be profitable for you.

If you build a mining rig(GPU miner) these days it is not profitable if you live in the country with high electricity rate so this is also not recommended as the alternative.
However, if you are targeting to make more profit ASICminer can be the best option because it is more profitable compared to GPU mining.

[Danielosad]

Make no mention of CPU/GPU miners when bitcoin mining is concerned.ASIC miners are your sure bet for bitcoin mining.Even at that, you will still need to consider your electricity cost and the type type of ASIC miners. Antminer S7 and S9 (4.7 and 14TH/s respectively) seem to be the best among the best at the moment, they too may soon be obsolete when the next generation miner using the  7nm chips are introduced to the market.
You may find this useful of you intend to invest
in mining hardware.
https://www.coindesk.com/bitmain-ceo-announces-new-7nm-bitcoin-mining-chip/
https://medium.com/novamining/rush-to-7nm-asic-chips-development-incoming-revolution-in-bitcoin-mining-industry-55b609cb73c5

[CoinSTR]

When you guys start purchasing the "BIG GUNZ", such as those 1000+Watt ASIC miners, do you use them at home?  I was looking at some of them on various websites but I'm afraid I may overload a circuit or something.  Any insight on this?  I would love to hear from some of the experienced miners on here.

[Ciscopro2000]

It’s impossible to mine bitcoin with cpu now a days, especially bad if you have old computers. 

[BlockTreeClub]

not possible.

but yeah you can consider running masternode since it'll be on 24/7

[sentbit]

Just a heads up: you can't earn Bitcoin directly this way. It's true that this can be profitable even with a very modest setup, but a lot of masternode coins are scams. Initial costs are also usually expensive enough that you might as well buy a mining rig setup if it would be profitable for you.

Yes, there are many scam masternode projects, I only gave the op the easiest option because there are several coins that only need a small capital to start masternode than mining with tools or on cloud mining.

[$--Perfect. Exchange-$.]

Bitcoin mining itself is not worth a very small profit will be from your equipment. You can mine altcoins taking into account if they grow a price. In General, the CPU in our days don't start mine.

[sentbit]

Just a heads up: you can't earn Bitcoin directly this way. It's true that this can be profitable even with a very modest setup, but a lot of masternode coins are scams. Initial costs are also usually expensive enough that you might as well buy a mining rig setup if it would be profitable for you.

You are right, but at the moment I think it's easier than thinking about building a rig or buy ASIC miner. because of that must requires knowledge in choosing masternode.

[Shatterlean22]

Listen to me ,it is possible through nicehash miner ,just benchmark your pc with nicehash and it will select the most profit algo for your CPU and you will get paid in bitcoin ,you will only get paid when you reach minimum payout threshold, I've tried this and it works.

[randall_boss]

It has been in the news recently that, given the current price of bitcoin, mining bitcoins is actually more expensive than the bitcoins themselves - so I guess you have to ask yourself, is it worth it?

[hudagold0708]

I also like you. I used to run 10 computers at 15h/d at the office where I work, and the number of bitcoins I got was so low, if calculating is less than 2$/1day, I think if you do If you want to join this market, you should learn more.

[seoincorporation]

I have two fairly low spec computers which run 24/7. Neither has a dedcicated graphics card.

If I have them both running as CPU miners connected to a mining pool is this likely to generate many Bitcoins?

Nop, CPU mining is already dead, isn't an option nowadays, but let me tell you what you can do...

Get two video cards of 8Gb each one, plug them to your computers and start mining something like LTC or DOGE, if i'm not wrong the best coin to mine nowadays with video is Monero. So, that way you will have to invest close to $500, but you will start making profit with mining.

[AdolfinWolf]

Listen to me ,it is possible through nicehash miner ,just benchmark your pc with nicehash and it will select the most profit algo for your CPU and you will get paid in bitcoin ,you will only get paid when you reach minimum payout threshold, I've tried this and it works.

Actually, this heavily depends on where you're from (and more importantly, how much you're paying for your electricity.)

You can have one of the newest CPU's (6700 series), but if your electricity is above 0.1USD/kWh, you're not going to make a profit.

See;

https://www.nicehash.com/profitability-calculator#intel-cpu-i7-6700-340ghz;USD;0.1;1;65;0;a9=1.17;a19=0.65;a22=0.29;a24=25.84;a30=0.29

[logitechwow]

I have two fairly low spec computers which run 24/7. Neither has a dedcicated graphics card.

If I have them both running as CPU miners connected to a mining pool is this likely to generate many Bitcoins?

It all depends on how powerful your video card is.
You can have one powerful video card, which in an hour will work out the time that the weak video cards worked all day