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Author Topic: What are options to mine a profitable crypto on my computer.  (Read 3112 times)
PochJvb
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May 15, 2020, 11:12:51 PM
Merited by OgNasty (2), longyenthanh (1)
 #1

I dont have the financial capacity to mine bitcoin. Is there anything I can mine profitably using my ordinary electronic gadgets like laptop, mobile and related stuff?
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May 15, 2020, 11:18:39 PM
 #2

Good question but for that you have to search yourself. I suggest find some options and discuss here with senior members. Try to do the handwork yourself rather then finding it easily.
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May 16, 2020, 01:42:56 AM
 #3

You can speculation mine. Grandpa did and made 8k or so =)

Grandpa's Cryptocurrency Mining Update With His Alienware Area 51 PC
https://youtu.be/xTLRXOKL2dg

If you're interested in speculating into a newer project that I would look into https://veruscoin.io/


It's one of the most profitable CPU mineable coins available and you can stake what you mine for a 28% yearly Roi.


This video focuses on one major Tech release that happened but I also skim the surface of a lot of other technology and potential that it has.

Major Cryptocurrency Mining Opportunity - Watch NOW!
https://youtu.be/mygBphTBYpE




I should also ask you what components do you have in your computer

I am heating my house with 4 miners integrated into my heating and air system. https://www.youtube.com/c/TheBitcoinMiner
Crypto Clothing and Gear https://TheBlockGear.com
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May 16, 2020, 02:16:45 AM
 #4

I mean technically there are a couple of coins you can mine with a. Phone but we're talking pennies, literal pennies per day for 24/7 mining and degrading your phone quickly.
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May 16, 2020, 03:33:35 AM
 #5

There are no shortcuts to answer your question, it takes personal experience. However, I would advise never
to mine with anything that has a battery unless it's ready to be junked anyway. Mobile devices aren't designed
to be run hard and don't have the heat dissipation necessary for 24*7 operation at full load. It could also be a fire hazard.

MASSNET
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May 16, 2020, 04:55:25 AM
 #6

Why not try mining MASS?

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May 16, 2020, 05:34:52 AM
 #7

There are ways to mine however you need to invest some money. First issue is your electrical bill, if its like $0.10 kwh then its not worth mining anything. If its half that then you have some options.

You can get an ASIC however the latest ones are very expensive. At the current rates you will only make a profit if the underlying coin goes up in the near future. Hence you might as well just buy BTC and hold it.

You can get a desktop computer and buy a GPU like an RX 470 8GB and make like $0.25 per day per card before electrical costs. Same with getting a high end CPU like Ryzen and mining XMR. However the profits are small. There really is no point at the moment.

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May 17, 2020, 12:20:20 AM
 #8

Why not try mining MASS?



You mean I can mine this with staking just my hard disk. That's I am hearing for the first time. May I ask what is ROI on this? One more thing more HDD I bring more coins I can mine. It will be the same like PoW then more hash more you have more BTC you can get.
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May 18, 2020, 01:02:19 AM
 #9

~ snip ~

I should also ask you what components do you have in your computer


I have a HP laptop not very special just a normal one with 500 GB HDD, 8 GB RAM and Core i5 Processor. I don't my laptop has expensive components that I can use to mine any coin that requires extensive processing.
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May 18, 2020, 04:50:21 AM
 #10

~ snip ~

I should also ask you what components do you have in your computer


I have a HP laptop not very special just a normal one with 500 GB HDD, 8 GB RAM and Core i5 Processor. I don't my laptop has expensive components that I can use to mine any coin that requires extensive processing.

I will save you the hassle of investigating further and just say that there is nothing that you can mine on that laptop. You shouldn't ever even mine on a laptop due to a fire risk of the battery exploding.

Right now mining is very competitive and BTC even had a halving which makes it more competitive. The cheapest way to mine if you still want to is to get a desktop and buy a RX 470 8GB GPU for like $100 and mine ETH, you will make like $0.25 a day before electrical, after electrical probably nothing. So if you want to get involved in crypto just buy the coins directly as an investment. If it was that easy to mine with a $50 laptop, everybody would be doing it.

.BEST..CHANGE.███████████████
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..BUY/ SELL CRYPTO..
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May 18, 2020, 02:32:40 PM
 #11

It's not good to mine without good hardware, and with laptops you will kill the battery and probably the laptop, mining requires some good way to dissipate the heat

But you can "mine" with your Smartphone

There's a coin: ETN - Electroneum - https://electroneum.com/

You can download the app on your smartphone and the app simulate a mining operation based on the power of your device, and will not consume any power or resources, the app can be closed
The only effort you will need to do is to enter on the app once a week and press a button to extend the reward

It's not a huge amount of money, but if you hold for some months the amount will be good

If you need better explanation, please leave a comment here, but it's very easy

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May 18, 2020, 03:54:45 PM
 #12

~ snip ~

I should also ask you what components do you have in your computer


I have a HP laptop not very special just a normal one with 500 GB HDD, 8 GB RAM and Core i5 Processor. I don't my laptop has expensive components that I can use to mine any coin that requires extensive processing.

I will save you the hassle of investigating further and just say that there is nothing that you can mine on that laptop. You shouldn't ever even mine on a laptop due to a fire risk of the battery exploding.

Right now mining is very competitive and BTC even had a halving which makes it more competitive. The cheapest way to mine if you still want to is to get a desktop and buy a RX 470 8GB GPU for like $100 and mine ETH, you will make like $0.25 a day before electrical, after electrical probably nothing. So if you want to get involved in crypto just buy the coins directly as an investment. If it was that easy to mine with a $50 laptop, everybody would be doing it.
Better just buy the $100 worth of coin, whatever coin he's wanting and one he also likes and possibly trade back and forth with them and never changing the orderbooks to be only at a profit. Slow a way to possibly profit but probably better than mining.
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May 19, 2020, 05:43:37 AM
 #13



I will save you the hassle of investigating further and just say that there is nothing that you can mine on that laptop. You shouldn't ever even mine on a laptop due to a fire risk of the battery exploding.

Right now mining is very competitive and BTC even had a halving which makes it more competitive. The cheapest way to mine if you still want to is to get a desktop and buy a RX 470 8GB GPU for like $100 and mine ETH, you will make like $0.25 a day before electrical, after electrical probably nothing. So if you want to get involved in crypto just buy the coins directly as an investment. If it was that easy to mine with a $50 laptop, everybody would be doing it.

Thank you for the valuable suggestion, bitcoin mining is no more profitable for beginners and for those who don't have specific hardware to mine. Even then on this thread we see options like

 ETN - Electroneum - https://electroneum.com/

 MASS - https://massnet.org/en/
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May 19, 2020, 10:30:42 AM
 #14



I will save you the hassle of investigating further and just say that there is nothing that you can mine on that laptop. You shouldn't ever even mine on a laptop due to a fire risk of the battery exploding.

Right now mining is very competitive and BTC even had a halving which makes it more competitive. The cheapest way to mine if you still want to is to get a desktop and buy a RX 470 8GB GPU for like $100 and mine ETH, you will make like $0.25 a day before electrical, after electrical probably nothing. So if you want to get involved in crypto just buy the coins directly as an investment. If it was that easy to mine with a $50 laptop, everybody would be doing it.

Thank you for the valuable suggestion, bitcoin mining is no more profitable for beginners and for those who don't have specific hardware to mine. Even then on this thread we see options like

 ETN - Electroneum - https://electroneum.com/

 MASS - https://massnet.org/en/
Trust me, every coin is quickly optimized and with difficulty makes it unprofitable for random hardware like a laptop, especially with the cost of damage to components not meant for that kind of workload and heat. If you really want to mine instead of buy coin, you will need to build a rig or or learn about an alternative.
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May 19, 2020, 08:53:20 PM
Last edit: May 19, 2020, 09:28:25 PM by fancywarlock
 #15



I will save you the hassle of investigating further and just say that there is nothing that you can mine on that laptop. You shouldn't ever even mine on a laptop due to a fire risk of the battery exploding.

Right now mining is very competitive and BTC even had a halving which makes it more competitive. The cheapest way to mine if you still want to is to get a desktop and buy a RX 470 8GB GPU for like $100 and mine ETH, you will make like $0.25 a day before electrical, after electrical probably nothing. So if you want to get involved in crypto just buy the coins directly as an investment. If it was that easy to mine with a $50 laptop, everybody would be doing it.

Thank you for the valuable suggestion, bitcoin mining is no more profitable for beginners and for those who don't have specific hardware to mine. Even then on this thread we see options like

 ETN - Electroneum - https://electroneum.com/

 MASS - https://massnet.org/en/
Trust me, every coin is quickly optimized and with difficulty makes it unprofitable for random hardware like a laptop, especially with the cost of damage to components not meant for that kind of workload and heat. If you really want to mine instead of buy coin, you will need to build a rig or or learn about an alternative.

This is true.  I could not believe how quickly CPU mining was optimized out by GPU miners for bitcoinR (XBR).  We did a little bit of investigation and found that it was a single person who was a video editor for a local news channel leveraging his high-performance GPUs in his video editing rigs and that's what kicked off the competition for hashpower.  It's very interesting to observe.  You can watch it here:  Blockchain Explorer:
bitcoinR Block Explorer.

We went from <500 in difficulty to 48,693,306 within the span of a few hours.  Insane.

bitcoinR.org - The Quantitatively-Flexible Electronic Reserve Currency
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May 19, 2020, 11:07:10 PM
 #16

It's a great thread to learn about mining. What I came to know is that mining game is still not over for newbies like me thanks to project like MASS, its still on.
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May 21, 2020, 08:25:52 AM
 #17



Thank you for the valuable suggestion, bitcoin mining is no more profitable for beginners and for those who don't have specific hardware to mine. Even then on this thread we see options like

 ETN - Electroneum - https://electroneum.com/

 MASS - https://massnet.org/en/

MASS is really is a great option for the new birds. It's easy to mine and already registered on two different exchanges with a value of around 0.5$.
https://www.hotbit.io/exchange?symbol=MASS_USDT  &  https://www.mxc.com/trade/easy#MASS_USDT
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May 25, 2020, 03:44:37 AM
 #18



I will save you the hassle of investigating further and just say that there is nothing that you can mine on that laptop. You shouldn't ever even mine on a laptop due to a fire risk of the battery exploding.

Right now mining is very competitive and BTC even had a halving which makes it more competitive. The cheapest way to mine if you still want to is to get a desktop and buy a RX 470 8GB GPU for like $100 and mine ETH, you will make like $0.25 a day before electrical, after electrical probably nothing. So if you want to get involved in crypto just buy the coins directly as an investment. If it was that easy to mine with a $50 laptop, everybody would be doing it.

Thank you for the valuable suggestion, bitcoin mining is no more profitable for beginners and for those who don't have specific hardware to mine. Even then on this thread we see options like

 ETN - Electroneum - https://electroneum.com/

 MASS - https://massnet.org/en/
Trust me, every coin is quickly optimized and with difficulty makes it unprofitable for random hardware like a laptop, especially with the cost of damage to components not meant for that kind of workload and heat. If you really want to mine instead of buy coin, you will need to build a rig or or learn about an alternative.

This is true.  I could not believe how quickly CPU mining was optimized out by GPU miners for bitcoinR (XBR).  We did a little bit of investigation and found that it was a single person who was a video editor for a local news channel leveraging his high-performance GPUs in his video editing rigs and that's what kicked off the competition for hashpower.  It's very interesting to observe.  You can watch it here:  Blockchain Explorer:
bitcoinR Block Explorer.

We went from <500 in difficulty to 48,693,306 within the span of a few hours.  Insane.

That's the story of every coin, those who adopt the mining process of the coin in its early days get huge benefits. Since difficulty to mine the coin is easy in early days. Once the coin start gaining value like BTC, its difficulty increase and you need expensive hardware for mining. Take it or leave it that's the decision you have to make early on.
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May 25, 2020, 03:51:57 AM
 #19



That's the story of every coin, those who adopt the mining process of the coin in its early days get huge benefits. Since difficulty to mine the coin is easy in early days. Once the coin start gaining value like BTC, its difficulty increase and you need expensive hardware for mining. Take it or leave it that's the decision you have to make early on.

Even bitcoin was not entertained by many in its early days. I am following this coin since march and I was sure it will be a big hit. Since the project is very much fair and there is every much about this project on their site.
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May 26, 2020, 11:13:59 AM
 #20

Its a matter of fact (sad though) that Bitcoin cant be mined now on your laptops and computers. Those who entered early in mining Bitcoin got maximum reward for that. Now we have to look and see what alternatives we have. Its a little bit difficult but still possible. Mining with profit is still possible on your laptops.
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