Delocaz (OP)
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Activity: 3
Merit: 0
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December 06, 2011, 04:29:36 PM |
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What am i doing wrong?
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Gabi
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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December 06, 2011, 05:06:36 PM |
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What am i doing wrong?
Nothing. |
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Delocaz (OP)
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Activity: 3
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December 06, 2011, 05:11:26 PM |
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I guess my GPU is not a good one? Should i mine with this or use CPU mining instead? (I have 3 core 2.4GHz AMD Phenom X3 CPU)
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nmat
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December 06, 2011, 05:18:14 PM |
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I guess my GPU is not a good one? Should i mine with this or use CPU mining instead? (I have 3 core 2.4GHz AMD Phenom X3 CPU)
Probably with none. Your CPU shouldn't get you much more than that. Check that wiki link to find out. |
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Delocaz (OP)
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December 06, 2011, 05:25:03 PM |
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I guess i should abandon BitCoins until i get better specs?
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nmat
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December 06, 2011, 05:27:28 PM |
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If you want bitcoins you should buy them. Mining is not profitable at the moment for most people...
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Gabi
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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December 06, 2011, 05:34:18 PM |
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Bitcoin is not a get rich quick scheme. Sure, bitcoin mining can be profitable but only with the right hardware and of course depending on their price.
Nvidia sucks at bitcoin mining. For the same price of your card you can buy an ATI that will mine MUCH MUCH more.
As for CPU mining well, a gpu simply mine bitcoins much faster than a cpu.
But, if you want to use your CPU, you can CPU mine Litecoins and sell them for Bitcoin.
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thisguy
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December 07, 2011, 05:10:21 PM |
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Bitcoin is not a get rich quick scheme. Sure, bitcoin mining can be profitable but only with the right hardware and of course depending on their price.
Nvidia sucks at bitcoin mining. For the same price of your card you can buy an ATI that will mine MUCH MUCH more.
As for CPU mining well, a gpu simply mine bitcoins much faster than a cpu.
But, if you want to use your CPU, you can CPU mine Litecoins and sell them for Bitcoin.
I am unfamiliar with litecoins... could you possibly provide a link or two for one to get started on mining litecoins? I have a i7 quad core computer but a not so good Nvidia card so this would be perfect for me. |
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unabridged
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Activity: 31
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December 07, 2011, 05:29:28 PM |
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Bitcoin is not a get rich quick scheme. Sure, bitcoin mining can be profitable but only with the right hardware and of course depending on their price.
Nvidia sucks at bitcoin mining. For the same price of your card you can buy an ATI that will mine MUCH MUCH more.
As for CPU mining well, a gpu simply mine bitcoins much faster than a cpu.
But, if you want to use your CPU, you can CPU mine Litecoins and sell them for Bitcoin.
I am unfamiliar with litecoins... could you possibly provide a link or two for one to get started on mining litecoins? I have a i7 quad core computer but a not so good Nvidia card so this would be perfect for me. here is a link to the main litecoin thread with lots of information: https://bitcointalk.org/index.php?topic=47417.0here is a guide to get started mining at pool-x.eu: http://pool-x.eu/gettingstarted |
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Gabi
Legendary
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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December 07, 2011, 09:35:18 PM |
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Bitcoin is not a get rich quick scheme. Sure, bitcoin mining can be profitable but only with the right hardware and of course depending on their price.
Nvidia sucks at bitcoin mining. For the same price of your card you can buy an ATI that will mine MUCH MUCH more.
As for CPU mining well, a gpu simply mine bitcoins much faster than a cpu.
But, if you want to use your CPU, you can CPU mine Litecoins and sell them for Bitcoin.
I am unfamiliar with litecoins... could you possibly provide a link or two for one to get started on mining litecoins? I have a i7 quad core computer but a not so good Nvidia card so this would be perfect for me. Even a good nvidia card would not be good as a ati card in bitcoin mining. As for selling litecoins https://vircurex.com/Please note that litecoins aren't bitcoin and well selling them for bitcoin is a good idea if you have a good cpu but i can't guarantee for the price  |
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dark_st3alth
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December 07, 2011, 11:35:42 PM |
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Take a look at the link in my sig if your wondering why.
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racerguy
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December 08, 2011, 12:59:36 PM |
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you make a decent amount of btc's by mining litecoins and selling them for btc's.
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apso
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December 10, 2011, 02:05:04 PM |
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Bitcoin mining was profitable a few years ago, but now that new blocks requires more and more calculations, only people with crazy rigs who doesn't have to pay for electricity may earn some money with this method.
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paybitcoin
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Activity: 85
Merit: 10
1h79nc
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December 11, 2011, 01:43:19 AM |
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Yes, with the 5.5 MH/s, you could only expect to make 0.15 BTC / month, with your GPU running 24 / 7. Difficulty is just too high to mine without specialized hardware. http://www.alloscomp.com/bitcoin/calculator.php |
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