Bitcoin Forum
December 09, 2016, 10:03:58 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: 102.5 MHash/s - mining worthwhile?  (Read 1168 times)
bitcoinsarefun
Member
**
Offline Offline

Activity: 98



View Profile
February 02, 2012, 10:42:10 PM
 #1

I guess solo mining is out of the question but I'm curious if its still worthwhile to mine in a pool?
1481277838
Hero Member
*
Offline Offline

Posts: 1481277838

View Profile Personal Message (Offline)

Ignore
1481277838
Reply with quote  #2

1481277838
Report to moderator
1481277838
Hero Member
*
Offline Offline

Posts: 1481277838

View Profile Personal Message (Offline)

Ignore
1481277838
Reply with quote  #2

1481277838
Report to moderator
1481277838
Hero Member
*
Offline Offline

Posts: 1481277838

View Profile Personal Message (Offline)

Ignore
1481277838
Reply with quote  #2

1481277838
Report to moderator
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
February 02, 2012, 10:48:29 PM
 #2

http://www.alloscomp.com/bitcoin/calculator.php
Kluge
Donator
Legendary
*
Offline Offline

Activity: 1218


Michael, send me some coins before I hitman you


View Profile
February 02, 2012, 10:49:07 PM
 #3

Depends on the power draw and how much you pay for electricity. If it's a Nvidia card, I can answer pretty quickly: no.

Don't mix your coins someone said isn't legal
outsidefactor
Newbie
*
Offline Offline

Activity: 22


View Profile
February 02, 2012, 11:06:17 PM
 #4

Depends on the power draw and how much you pay for electricity. If it's a Nvidia card, I can answer pretty quickly: no.

Going to be a very low payout, right now. Truth is, while the value of BitCoin is so low if you're paying for power it's very hard to make a good income.

Two things I can recommend:

1) I built a small solar farm to power my two miners (the solar panels cost more than the miners themselves, but here is Australia electricity is actually a bigger cost than the actual hardware). That brings the break even point back by about 6 months

2) Look into time based metering of power. Some electricity providers will install a smart meter which then records how much power is used when and gives you a much cheaper rate between say midnight and 6 am, sometimes a tenth the rate. Mine then!

My instinct, though, is that 100 Mhash is going to earn about 1 bitcoin every, what, 4-6 days? The return is almost negligable unless there is something specific you want to buy with BTC, at which point mining is cheaper than buying BTC every day of the week.

Hope that helps!
Kluge
Donator
Legendary
*
Offline Offline

Activity: 1218


Michael, send me some coins before I hitman you


View Profile
February 02, 2012, 11:12:46 PM
 #5

Depends on the power draw and how much you pay for electricity. If it's a Nvidia card, I can answer pretty quickly: no.

So I'd need to figure out the KWH of my computer and how much I pay per kw?
Only if you want to know whether or not you'll even be making a profit doing it.  Tongue Given the low hash rate, assuming it's an ATI card, and assuming your entire computer consumes... Idunno... roughly 250W - you'd need to be paying ~$.07/kWh (after fees/taxes - not "price to compare") or less for it to be profitable. Very unlikely this is worth your time.

Don't mix your coins someone said isn't legal
ram1
Newbie
*
Offline Offline

Activity: 16



View Profile
February 03, 2012, 03:35:39 PM
 #6

When it is cold outside, a portion of the electric cost can be written off as supplement heating.
billington.mark
Full Member
***
Offline Offline

Activity: 154



View Profile WWW
February 03, 2012, 05:10:59 PM
 #7

id try and find a cheap ATI card on ebay, find the best settings from various threads on the forum and start properly.

BTC - 1MarkBCmVn3yp1SB9RZZ7VfqJzkpV8Hmdo
BitMessage - BM-GtZkeAbmKGs77FEoigm9TmsQBSfvMB3N
Kluge
Donator
Legendary
*
Offline Offline

Activity: 1218


Michael, send me some coins before I hitman you


View Profile
February 03, 2012, 05:28:43 PM
 #8

When it is cold outside, a portion of the electric cost can be written off as supplement heating.
Very true. 1k sq. feet OVER-heated by 7 5850s running undervolted. It's below freezing outside and I actually open the windows every few hours.  Cheesy

Don't mix your coins someone said isn't legal
pskonejott
Jr. Member
*
Offline Offline

Activity: 51


View Profile
February 03, 2012, 10:06:36 PM
 #9

Also depends where you believe the bitcoin conversion rate is going to go Tongue
Highway 596
Newbie
*
Offline Offline

Activity: 11


Keep on Truckin'


View Profile
February 04, 2012, 04:44:42 PM
 #10

Or if you're a graphic designer with a nice new mac pro at work which you "accidentally" leave running with Diablo Miner in the background overnight and on the weekends. Only a few Bit cents a day but I'm not paying for shit, so... pure profit lolz...
punin
Hero Member
*****
Offline Offline

Activity: 559


View Profile WWW
February 05, 2012, 10:49:15 AM
 #11

I guess solo mining is out of the question but I'm curious if its still worthwhile to mine in a pool?

Not really, unless electricity is free for you.

Head of Product Development
Bitfury Group
www.bitfury.com
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!