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Author Topic: Have become interested in cryptocurrencies and would like to begin mining!  (Read 1110 times)
aricleather (OP)
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August 19, 2014, 12:27:28 AM
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Hello. I've been hearing alot about the whole bitcoin thing since 2012, and with my new system want to begin mining and investing in cryptocurrencies. My system specs aren't too good, everything is still on stock clocks because it's new:

4690k, 750Ti, 8GBRam, Hyper 212 Evo CPU cooler.

Alright, my main question is what is the cryptocurrency I should be mining now, and what should I look out for in terms of mining different ones based on their varying values?

I know the value of Bitcoin has been dropping lately, but I'm not even interested in mining it with my hardware. I'd earn like... nothing. Few cents a day? Bitcoin is definitely not an option with the hardware I have. I found a site called "What to Mine" recently. 750Ti was one of the presets. Apparently X11 and Chacha were the best to mine. Apparently the 750Ti was supposed to get 10,000kh/s on X11. Whoa! I looked around a bit and begun mining Darkcoin. To my surprise, upon the first few "yay!!!"'s, I was getting around 2600kh/s, way off what the site said I would be getting. Ok, so according to the site I'd earn a few bucks a day mining a Chacha based currency, supposed to hit 13kh/s. I started mining Ultracoin and... 2.6kh/s. Way off again. I then found the preset wattage for the 750 Ti was over 300 watts, which also made me confused. That's probably more than my system draws at full load... the 750Tis TDP at stock is like 70-80w. So I looked around and found this forum.

According to one of the newbie threads *most* alt-coins are a waste of time... Ok, I have seen a lot of little ones start up here and there and fail pretty much immediately. But there has to be something profitable I can mine, right? Scrypt doesn't do too well on my card either, 250kh/s is what I usually get.

Ok, so what good alt-coins should I start mining for a while to begin with. I know there's a lot, but I'm basically looking at the one that would be most profitable for me. Maybe there are a few 750ti users who can give me some insight?

After I mine a nice amount I plan to wait for the price of bitcoin to shoot up again and sell my alt-coins and enjoy my magical internet money.

Thanks in advance for the help
-aric

EDIT: Oh, uh... Just begun looking around. See there's a lot of alt-coin hate on the forum because it devalues bitcoin and there are too many. I have in no way anything against bitcoin, but as I said earlier my hardware will just not mine it well. Don't hate on me for wanting to mine an alt-coin, but I have to if I want to earn anything at all.

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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LetsMakeItBTC
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August 19, 2014, 12:23:07 PM
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You can mine shitty altcoins and hopefully make some BTC in the pumps, thats what alts are for.
Otherwise forget about mining. We boat missers are forced to buy BTC or earn peanuts with signature campaings and faucets. Sad
SirChiko
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August 19, 2014, 12:42:57 PM
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You can mine shitty altcoins and hopefully make some BTC in the pumps, thats what alts are for.
Otherwise forget about mining. We boat missers are forced to buy BTC or earn peanuts with signature campaings and faucets. Sad
Not true at all, look into CANNcoin it will go places and it's x11 so it's way better algo than old scrypt.

The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes.  This is not paid AD!

▀Check it out yourself▀
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August 19, 2014, 01:24:41 PM
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Hello. I've been hearing alot about the whole bitcoin thing since 2012, and with my new system want to begin mining and investing in cryptocurrencies. My system specs aren't too good, everything is still on stock clocks because it's new:

4690k, 750Ti, 8GBRam, Hyper 212 Evo CPU cooler.

Alright, my main question is what is the cryptocurrency I should be mining now, and what should I look out for in terms of mining different ones based on their varying values?

I know the value of Bitcoin has been dropping lately, but I'm not even interested in mining it with my hardware. I'd earn like... nothing. Few cents a day? Bitcoin is definitely not an option with the hardware I have. I found a site called "What to Mine" recently. 750Ti was one of the presets. Apparently X11 and Chacha were the best to mine. Apparently the 750Ti was supposed to get 10,000kh/s on X11. Whoa! I looked around a bit and begun mining Darkcoin. To my surprise, upon the first few "yay!!!"'s, I was getting around 2600kh/s, way off what the site said I would be getting. Ok, so according to the site I'd earn a few bucks a day mining a Chacha based currency, supposed to hit 13kh/s. I started mining Ultracoin and... 2.6kh/s. Way off again. I then found the preset wattage for the 750 Ti was over 300 watts, which also made me confused. That's probably more than my system draws at full load... the 750Tis TDP at stock is like 70-80w. So I looked around and found this forum.

According to one of the newbie threads *most* alt-coins are a waste of time... Ok, I have seen a lot of little ones start up here and there and fail pretty much immediately. But there has to be something profitable I can mine, right? Scrypt doesn't do too well on my card either, 250kh/s is what I usually get.

Ok, so what good alt-coins should I start mining for a while to begin with. I know there's a lot, but I'm basically looking at the one that would be most profitable for me. Maybe there are a few 750ti users who can give me some insight?

After I mine a nice amount I plan to wait for the price of bitcoin to shoot up again and sell my alt-coins and enjoy my magical internet money.

Thanks in advance for the help
-aric

EDIT: Oh, uh... Just begun looking around. See there's a lot of alt-coin hate on the forum because it devalues bitcoin and there are too many. I have in no way anything against bitcoin, but as I said earlier my hardware will just not mine it well. Don't hate on me for wanting to mine an alt-coin, but I have to if I want to earn anything at all.

Ok, stop wasting time researching on mining, none of it is profitable. You are better off buying btc directly..
commandrix
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August 19, 2014, 02:12:53 PM
 #5

There is no profit in mining Bitcoin or Litecoin anymore, but I've had some luck with mining Groestlcoin and Marscoin when I'm not actually using my computer for anything else. Hey, if you're going to "forget" to turn your computer off when you're done using it, you might as well turn it into some kind of an earner.
Mobius7
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August 19, 2014, 08:00:48 PM
 #6

If you really want to do some mining, you can use profit-switching pool such as https://www.multipool.us/.
Since you are going to use GPU, you should pick ASIC-resistant algorithm like x11/x13.

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August 19, 2014, 11:01:12 PM
 #7

X13 or x15 coin you should choose!
Sunderland
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August 19, 2014, 11:37:21 PM
 #8

its not a good time to start mining ......
dont regret it , but if you feel it will gave you profit why not ?


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