tom_trader (OP)
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September 10, 2020, 05:25:16 PM |
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Hi forum members,
just saw there are any old ant miners, like s5,s6, s9 etc. being sold for $100- $600.
I know they are useless to mine BTC today, but my question is if is it possible to use them to mine any other altcoins?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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niksdt101
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September 10, 2020, 07:46:38 PM |
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Hi forum members,
just saw there are any old ant miners, like s5,s6, s9 etc. being sold for $100- $600.
I know they are useless to mine BTC today, but my question is if is it possible to use them to mine any other altcoins?
No , Asic's in question are programmed to mine with SHA256 Algorithm (Mainly BTC). So u can use it to mine any other coin with uses the same algorithm as mining BTC is not profitable . |
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tom_trader (OP)
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September 10, 2020, 11:49:25 PM |
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Hi forum members,
just saw there are any old ant miners, like s5,s6, s9 etc. being sold for $100- $600.
I know they are useless to mine BTC today, but my question is if is it possible to use them to mine any other altcoins?
No , Asic's in question are programmed to mine with SHA256 Algorithm (Mainly BTC). So u can use it to mine any other coin with uses the same algorithm as mining BTC is not profitable . Ok, would you mind to mention some examples of altcoins to mine with it? Or a source where I can take a look? |
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philipma1957
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'The right to privacy matters'
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September 11, 2020, 03:16:37 AM |
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Hi forum members,
just saw there are any old ant miners, like s5,s6, s9 etc. being sold for $100- $600.
I know they are useless to mine BTC today, but my question is if is it possible to use them to mine any other altcoins?
No , Asic's in question are programmed to mine with SHA256 Algorithm (Mainly BTC). So u can use it to mine any other coin with uses the same algorithm as mining BTC is not profitable . Ok, would you mind to mention some examples of altcoins to mine with it? Or a source where I can take a look? the s9 is okay for bch or bsv but the l3+ does ltc and doge merged mined at viabtc.com it is fairly quiet and has a lot of control to let set your hash rate and sound levels. i have 15 l3+ sitting in boxes 8 s9s sitting in boxes. |
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TheReactiveMouse
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September 11, 2020, 12:05:47 PM |
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Yes, for example if bitcoin have sha-256 to asic need to have support sha-256, else you need find cryptocurrency for your ASIC Miner, don't try to do this with Monero.
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TheReactiveMouse
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September 11, 2020, 12:12:44 PM |
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Hi forum members,
just saw there are any old ant miners, like s5,s6, s9 etc. being sold for $100- $600.
I know they are useless to mine BTC today, but my question is if is it possible to use them to mine any other altcoins?
No , Asic's in question are programmed to mine with SHA256 Algorithm (Mainly BTC). So u can use it to mine any other coin with uses the same algorithm as mining BTC is not profitable . You are really think like that? What about Scrypt ASIC Miners? it too profitable.  |
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tom_trader (OP)
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September 11, 2020, 04:34:19 PM |
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the s9 is okay for bch or bsv
but the l3+ does ltc and doge merged mined at viabtc.com
it is fairly quiet and has a lot of control to let set your hash rate and sound levels.
i have
15 l3+ sitting in boxes
8 s9s sitting in boxes.
Thanks for the reply. I'd need to ke my numbers to give it a go. |
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adaseb
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September 11, 2020, 04:53:34 PM |
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Yes you can use them to mine altcoins however ASICs are fixed in terms of the algo that they hash. So they can only hash double SHA256 which is what bitcoin uses. So there might be some alts which use the same algo but guess what? There are tons of newer Antminers that can also mine those coins. Hence the profitability will be exactly the same.
You can mine those coins in hopes that one day they will go up in value, however this is speculation and its no different than just mining BTC and selling that BTC and buying that altcoin and hoping it goes up in value. But to answer your question. Yes you can mine other altcoins but will you make more money than mining BTC? No you will make the same.
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jqprez
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September 11, 2020, 08:14:38 PM |
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Hi forum members,
just saw there are any old ant miners, like s5,s6, s9 etc. being sold for $100- $600.
I know they are useless to mine BTC today, but my question is if is it possible to use them to mine any other altcoins?
No , Asic's in question are programmed to mine with SHA256 Algorithm (Mainly BTC). So u can use it to mine any other coin with uses the same algorithm as mining BTC is not profitable . Ok, would you mind to mention some examples of altcoins to mine with it? Or a source where I can take a look? the s9 is okay for bch or bsv but the l3+ does ltc and doge merged mined at viabtc.com it is fairly quiet and has a lot of control to let set your hash rate and sound levels. i have 15 l3+ sitting in boxes 8 s9s sitting in boxes. phil, i have 3 L3+ . Are they profitable with 0,06c$/kwh? And how/what i can i mine? |
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