freshly mowed grass

[DrG]

So I am new to bitcoin/mining.  Waiting for my first as ASIC miner to come in mail.  Not sure if this right topic or spot to ask, but have been researching and found that having your own dedicated server is best if you where to mine?... Understanding equipment cost +/- $k, but in this case I am currently living with my fiancé and parents who had a call center business not work out and currently own a Dell PowerEdge 2900 with 48g ram 6T SATA just sitting there for past year and a half  (also cage and racks in storage all server room equip.).  I guess question is (we have fam member that know how to setup and what not), is this the better route to go? or other means (pools or personal)?...I appreciate any feedback. Thank you.

I'm not sure who told you that you need a server to mine.  With current ASIC mining technology you not even need a single computer to mine as some ASICs like Bitmain's S3 connect directly to the pool with an ethernet cable.  Other miners require some basic control either through a raspberry pi or a basic PC but you don't need a server level machine.

[Jcstomp]

Nobody told me I need a server to mine, just have one sitting there and my first ASIC rigs on the way is what I mentioned.  Specifically the r-box newest gen... This is a question of operating a server as a host for other miners/investing, I guess, as well as running my own ASIC rigs, also about making your own pools but need server and such....  I am new, like I have mentioned but always learning:).  I appreciate any input/advise and thank you.

[DrG]

Nobody told me I need a server to mine, just have one sitting there and my first ASIC rigs on the way is what I mentioned.  Specifically the r-box newest gen... This is a question of operating a server as a host for other miners/investing, I guess, as well as running my own ASIC rigs, also about making your own pools but need server and such....  I am new, like I have mentioned but always learning:).  I appreciate any input/advise and thank you.

Well you could use your server to host a pool but that would require quite a bit of low latency bandwidth, tons of time (I mean tons if you want the pool to succeed), and the electricity to support a powerful miner.

If you're willing to donate bandwidth and electricity you could always run a Bitcoin node - which simply means leaving Bitcoin-QT running so you can relay the blockchain to other people - that would help support the network.

[ranochigo]

So I am new to bitcoin/mining.  Waiting for my first as ASIC miner to come in mail.  Not sure if this right topic or spot to ask, but have been researching and found that having your own dedicated server is best if you where to mine?... Understanding equipment cost +/- $k, but in this case I am currently living with my fiancé and parents who had a call center business not work out and currently own a Dell PowerEdge 2900 with 48g ram 6T SATA just sitting there for past year and a half  (also cage and racks in storage all server room equip.).  I guess question is (we have fam member that know how to setup and what not), is this the better route to go? or other means (pools or personal)?...I appreciate any feedback. Thank you.

Hopefully you would get your ASIC, some of those either scams or delay preorders. Dedicated server is literally CPU mining, with at most 1-100MH/s it can barely even gain BTC. You can set up your own if you have a lot of hashrates, maybe 1-10PH to block within decent intervals so that you would not experience lower profits. For pooled mining, your work will be shared among others which means you are only paid for what share you submitted and not if you have strike lucky and solved a block.

[ranochigo]

Nobody told me I need a server to mine, just have one sitting there and my first ASIC rigs on the way is what I mentioned.  Specifically the r-box newest gen... This is a question of operating a server as a host for other miners/investing, I guess, as well as running my own ASIC rigs, also about making your own pools but need server and such....  I am new, like I have mentioned but always learning:).  I appreciate any input/advise and thank you.

You would need to code your front and backend. You would also need popularity to make people to mine at your pool, people usually prefer 0% fees pool, unless you can have 100% uptime and beautiful interface and better features than gnash.io, people wouldn't want to leave that pool. Coding requires effort so does support and anti ddos server cost.

[adaryian]

A bit of a description below:

2.7 GHz Dual Core AMD Athalon 5200+ Processor (comparable to Intel Core 2 Duo) - 4 GB DDR2 Ram - 140GB Hard Drive - DVD-RW Drive (Pioneer brand) - ATI Radeon 9800 Pro graphics card with dual VGA cable (dual display capable) - Asus Case with 2 front USB 2.0 ports - ASROCK GLAN motherboard Note: running Linux Mint, a modern, elegant, open source, and intuitive operating system


So, is this computer ok for mining coins?

If you're mining altcoins, especially newer altcoins you could stand a chance at playing the market.

If you're wanting to mine Bitcoins, you will need some serious ASIC equipment.  An AntMiner S3 is the current, though, you can get started with an AntMiner S1 for relatively cheap nowadays that the S3 has been released and that would get you started.  With that also, the S1 is capable of WiFi, but if you have some capital to spend pick up a few S3's and instantly get into the TH/s.

[notlist3d]

A bit of a description below:

2.7 GHz Dual Core AMD Athalon 5200+ Processor (comparable to Intel Core 2 Duo) - 4 GB DDR2 Ram - 140GB Hard Drive - DVD-RW Drive (Pioneer brand) - ATI Radeon 9800 Pro graphics card with dual VGA cable (dual display capable) - Asus Case with 2 front USB 2.0 ports - ASROCK GLAN motherboard Note: running Linux Mint, a modern, elegant, open source, and intuitive operating system


So, is this computer ok for mining coins?

If you're mining altcoins, especially newer altcoins you could stand a chance at playing the market.

If you're wanting to mine Bitcoins, you will need some serious ASIC equipment.  An AntMiner S3 is the current, though, you can get started with an AntMiner S1 for relatively cheap nowadays that the S3 has been released and that would get you started.  With that also, the S1 is capable of WiFi, but if you have some capital to spend pick up a few S3's and instantly get into the TH/s.

Do research if go altcoins.  Some are great some are a waste of your precious mining power.  Granted you hit one right you could get huge profits, but a lot of alt coins really are pump and dump.  But there luckily some alt coin's that are more stable.

But yes if you get right altcoin you could make a lot, just watch out for crappy coins.

[Buziss]

A bit of a description below:

2.7 GHz Dual Core AMD Athalon 5200+ Processor (comparable to Intel Core 2 Duo) - 4 GB DDR2 Ram - 140GB Hard Drive - DVD-RW Drive (Pioneer brand) - ATI Radeon 9800 Pro graphics card with dual VGA cable (dual display capable) - Asus Case with 2 front USB 2.0 ports - ASROCK GLAN motherboard Note: running Linux Mint, a modern, elegant, open source, and intuitive operating system


So, is this computer ok for mining coins?

If you're mining altcoins, especially newer altcoins you could stand a chance at playing the market.

If you're wanting to mine Bitcoins, you will need some serious ASIC equipment.  An AntMiner S3 is the current, though, you can get started with an AntMiner S1 for relatively cheap nowadays that the S3 has been released and that would get you started.  With that also, the S1 is capable of WiFi, but if you have some capital to spend pick up a few S3's and instantly get into the TH/s.

Do research if go altcoins.  Some are great some are a waste of your precious mining power.  Granted you hit one right you could get huge profits, but a lot of alt coins really are pump and dump.  But there luckily some alt coin's that are more stable.

But yes if you get right altcoin you could make a lot, just watch out for crappy coins.

True that most of the altcoins are created for pump and dumps, but you could also gain from the pumps.
You may mine altcons that are very new, and sell them when they get listed in an altcoin exchange, and switch to a newer altcoin.

[Buziss]

A bit of a description below:

2.7 GHz Dual Core AMD Athalon 5200+ Processor (comparable to Intel Core 2 Duo) - 4 GB DDR2 Ram - 140GB Hard Drive - DVD-RW Drive (Pioneer brand) - ATI Radeon 9800 Pro graphics card with dual VGA cable (dual display capable) - Asus Case with 2 front USB 2.0 ports - ASROCK GLAN motherboard Note: running Linux Mint, a modern, elegant, open source, and intuitive operating system

So, is this computer ok for mining coins?

I am afraid not.
Your CPU is already 8 years old (launched in 2006) while you GPU is over 10 years old (launched in 2003)...

[ranochigo]

You could mine some alt coins.

Please research about the computer, the GPU does not have opencl support. Furthermore, it should be very very old so the performance should be degraded too. The CPU is far to slow to think about CPU mining in alt coins.

[oceans]

Any kind of mining using a computer is not what I would say wise. Your computer more than likely would not handle it before it burnt out and you may not even manage to mine anything. Purchasing coins instead of mining and keeping them safe for a period of time for the price to increase could be a wiser option for you

[C.Steven]

Any kind of mining using a computer is not what I would say wise. Your computer more than likely would not handle it before it burnt out and you may not even manage to mine anything. Purchasing coins instead of mining and keeping them safe for a period of time for the price to increase could be a wiser option for you

Sadly, this is pretty much the case now.

In the past, GPU mining litecoin/dogecoin (when there is no scrypt ASIC) and CPU mining primecoin was quite profitable, but the good times are gone now.