First time/Small miner reference for getting started.

[Steamtyme]

I would like to ask a few questions on this subject.

If I want to start a small minning operation, let's say with like 100 miners or even 500 miners, I bet there are tons of calculations to perform on wattage, amperage, air flow to keep the warehouse relatively cool, obtain licences, hire specific people to "validate" electrical installation, to "validate" the A/C system, to put up a contingency plan regarding fires, like extinguishers and other means of security, hire security for the location, etc, etc.

Is there some more formal information on this? I know this will depend a lot on the country one is intending to start the mining operation, but still, I wanted to know about some generic guide or so about what might be needed for such operation!

There could be. I'm sure there is a slew of people out there willing to charge for this information. Biggest thing from the start, cut the AC equation that will burn all profits. It's all about taking in cooler air on one side and removing the same mass of warm air from the otherside with minimal recycle.

Electrical, anything to that scale in almost every jurisdiction I can think of would require you to have someone liscenced pull a permit for the build. It will require some back and forth with your energy provider as well to ensure you can pull that load from the grid.

The calculations are fairly easy for the rest. Depends on the miner and their stated draw. Then once you figure out your voltage you will know amperage per device then it's a game of efficiently laying them out to spread the load, while maintaining the 80% safety rule for max amps.

This would really just be a superpowered data center, so that could be a good thing to look into to get an idea. Some older threads here also have images from when businesses started up. Maybe try searching old service threads for "hosting services". Best of luck

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[AnimeCanuck]

Hi there,

 I am just getting interested in crypto (especially Bitcoin as it's most well known) now. I have a decent (but few years old) gaming laptop...

I was wondering, is it possible to slowly mine in the background on such a computer, as a way to very slowly create my own wallet and gain I dunno... like maybe 0.001 Bitcoin at a time or something? (I understand you can sell/trade with partial Bitcoin, now)... I'm looking for a way to start small with the equipment I already have - as I'm super broke - beyond broke - and am hoping to make even a couple hundred dollars only with this (even if it takes months).

I'm regretting not purchasing bitcoin way back when I first heard about it in my University days, something like 2005~2007.... *sighs* If only!

Previously I did a light dabble into some other coin... I can't remember if it was Etherium or something else more experimental --- it had a browser addon and looked kind of like a crystal fox, maybe? Might've started with a Q? Reminds me of the GIMP (GNU/Gnome Linux free, open-source Photoshop) logo...  But I never got anywhere with that, and that was at least a few years back. My uncle had also recommended some new phone app mining program/cryptocurrency dealio that was purple, but it was so new I didn't trust it (?).

I'm not a programmer, but have often been programmer-adjacent. I'm fairly decent with computers, but still not very deep into things, though I can skim through some code, have a basic grasp of copy-paste-modify...

Basically, is there something people can point me to, a software or a wallet, that I can just turn on and have running in the background... perhaps with sliders "use 80% of resources" for when I'm doing something like writing, but then lower it down to like 10% or 5% if I'm busy gaming, streaming, editing video or something else more processor-heavy? then "100%" or even 110% if I'm just setting up and walking away?

I neither have the space nor money to set up any kind of fancy server tower.


TL;DR - Total novice when it comes to crypto, want to mine bitcoin easily to make a little cash on a LAPTOP, as insane as that might sound. Is that even possible?

If not, can someone recommend or point me to another crypto or two to look into, or another resource/website that might know something about mining the SUPER SUPER slow way with old gear?



Thanks!

[NotFuzzyWarm]

Read the 1st post in this thread... Specifically

Quote from: -ck on November 16, 2017, 10:56:16 PM
Mining BITCOIN is done exclusively with dedicated BITCOIN mining hardware based on ASICs - https://en.wikipedia.org/wiki/Application-specific_integrated_circuit . You CAN NOT meaningfully mine bitcoin today with CPU, GPU or even FPGAs. Bitcoin difficulty adapts to match the amount of mining done on the network and has reached levels trillions of times too high to mine meaningfully with PCs, laptops, tablets, phones, webpages, javascript, GPUs, and even generalised SHA hardware. You will not find software in this section to help you mine bitcoin in this absurdly inefficient manner in this subforum. It would cost you thousands of dollars in electricity per year to earn only a few cents in bitcoin. Even if you combined all the computers in the world, including all known supercomputer, you would not even approach 0.1% of the bitcoin hashrate today. Any discussion outside of ASIC related mining, except in the interests of academia, will be moved to the altcoin mining section. There isn't any point attempting to mine bitcoin with CPU or GPU even in the interests of learning as it shares almost nothing with how bitcoin is mined with ASICs and will not teach you anything

Mining BTC with anything other than an ASIC-based miner is out of the question.
For minable altcoins, well ask in the altcoin area of the Forum...

[philipma1957]

Hi there,

 I am just getting interested in crypto (especially Bitcoin as it's most well known) now. I have a decent (but few years old) gaming laptop...

I was wondering, is it possible to slowly mine in the background on such a computer, as a way to very slowly create my own wallet and gain I dunno... like maybe 0.001 Bitcoin at a time or something? (I understand you can sell/trade with partial Bitcoin, now)... I'm looking for a way to start small with the equipment I already have - as I'm super broke - beyond broke - and am hoping to make even a couple hundred dollars only with this (even if it takes months).

I'm regretting not purchasing bitcoin way back when I first heard about it in my University days, something like 2005~2007.... *sighs* If only!

Previously I did a light dabble into some other coin... I can't remember if it was Etherium or something else more experimental --- it had a browser addon and looked kind of like a crystal fox, maybe? Might've started with a Q? Reminds me of the GIMP (GNU/Gnome Linux free, open-source Photoshop) logo...  But I never got anywhere with that, and that was at least a few years back. My uncle had also recommended some new phone app mining program/cryptocurrency dealio that was purple, but it was so new I didn't trust it (?).

I'm not a programmer, but have often been programmer-adjacent. I'm fairly decent with computers, but still not very deep into things, though I can skim through some code, have a basic grasp of copy-paste-modify...

Basically, is there something people can point me to, a software or a wallet, that I can just turn on and have running in the background... perhaps with sliders "use 80% of resources" for when I'm doing something like writing, but then lower it down to like 10% or 5% if I'm busy gaming, streaming, editing video or something else more processor-heavy? then "100%" or even 110% if I'm just setting up and walking away?

I neither have the space nor money to set up any kind of fancy server tower.


TL;DR - Total novice when it comes to crypto, want to mine bitcoin easily to make a little cash on a LAPTOP, as insane as that might sound. Is that even possible?

If not, can someone recommend or point me to another crypto or two to look into, or another resource/website that might know something about mining the SUPER SUPER slow way with old gear?



Thanks!

You can go to nicehash.  Mine ETC or raven it will auto convert to btc

so technically you are not mining btc you are mining etc or raven and then automatically converting it to btc.

this section of the forum is for direct mining of btc

 not raven then btc

[imchristuttle]

new to BTC mining
This might be a stupid question but

What are the rules or the right way to mine???

1 miner PER POOL depending ,on the hash??

I appreciate any help

Thanks

[Steamtyme]

new to BTC mining
This might be a stupid question but

What are the rules or the right way to mine???

1 miner PER POOL depending ,on the hash??

I appreciate any help

Thanks

Sorry for the late reply. I'm not as active as I once was.
The rule of thumb would be to get as much hashrate as you can pointed to a pool, for as low a cost on electricity as you can. That is very simplistic, but you would also pick the pool that suits your needs best and point everything(all machines) there. As time goes on you may decide to split your hash but that's a future consideration.

[farhan122]

I read all your words but still lost, I'm a bad miner i think

[NotFuzzyWarm]

Well for 1, see what the Beginners & Help section has...

[mikeywith]

Steamtyme has not been active for a very long time now, I hope he is alive and well.

It's worth mentioning that much info on this thread is outdated and shouldn't be used for reference as of today (10-17-2023) unless Steamtyme shows up to update it, some info stands correct regardless of all the things that have changed ever since but the things that changed make the overall of this topic outdated and inaccurate.

The most important outdated part of information would be the reference to the "Current list of competitive hardware", sadly with how fast things change, even the most efficient model mentioned in that article is now unprofitable to 99% of people, this topic used to be a great guide for newbies I wish Steamtyme would show up again to update it.

I am writing this a warning because I would hate for a newbie to come to view the outdated info and make decisions based on it, like buying an old S17 that runs at a loss now thinking it is the most efficient gear in the market.