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Author Topic: Can i mine  (Read 2009 times)
wanellane
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April 27, 2014, 04:57:24 AM
 #21

You can mine only to see how it works. It's not profitable at all!
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Simon8x
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April 27, 2014, 07:06:52 PM
 #22

You can, but the electricity costs more than the bitcoin mined, and there is a high risk of overheating your laptop.

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April 29, 2014, 03:19:44 AM
 #23

I would DEFINITELY not mine on a laptop.  Maybe some CPU mining on a desktop but only then if the desktop was in use anyway or the power would cost more than the profits.

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April 29, 2014, 03:21:16 AM
 #24

okay the answer is - YES!

goto bitminer.  Sign up.  download their java client.  Let'er rip!

You will see something like .00000000001 BTC per day, but there you have it!

Maybe you could pull between 3-7 KH/s using a CPU.

If you absolutely must mine - then consider buying a block erupter for maybe 10 dollars and use that to mine with on bitminter.

The bitminter java applet does detect cpu and integrated graphics (the last time I used it was last year though so I could be wrong).  It is the most painless way to begin mining bitcoin.

The manual way would be to use something like BFGminer.  No software you download will make you mine any faster which is why you see people using external hardware to mine now a days.  I suggest the block erupter as the cheapest way to get into bitcoin mining although it will likely not make its money back. (expect a lifetime profit of maybe 30 to 60 cents for that 5 dollars invested)

I've written about mining multiple times here, on reddit and on my own storefront blog here if you're interested in more information.

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