drgon (OP)
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September 02, 2014, 08:18:00 PM |
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I have a desktop computer that is on 24/7 for various reasons.
I figured that using this computer to mine altcoins might be a useful way to learn about this at a low cost without investing in a system. I know I don't even have a chance with bitcoin as one needs a heavy investment to mine, and I am just looking for a somewhat liquid coin that I could learn about digital wallets and so on without getting burned if I am scammed.
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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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losh11
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September 02, 2014, 08:25:24 PM |
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Try searching for CPU coins, there are quite a few like prime coin, quark and so on...
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drgon (OP)
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September 02, 2014, 08:33:32 PM |
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Try searching for CPU coins, there are quite a few like prime coin, quark and so on...
Thanks. Will look into them. |
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James1970
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September 02, 2014, 09:26:41 PM |
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waste of electricity and time, unless you are living in cold country and need to keep the heat up
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djm34
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September 02, 2014, 10:38:18 PM
Last edit: September 02, 2014, 10:50:42 PM by djm34 |
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Try searching for CPU coins, there are quite a few like prime coin, quark and so on...
quark isn't really a cpu coin anymore.... primecoin neither...  and so on ? well not sure for this one and quite frankly cpu coin aren't either for single machine... at that level a single gpu is still better and it keeps you warm... |
djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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Karn
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Activity: 434
Merit: 250
"The mass of men lead lives of quiet desperation."
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September 03, 2014, 02:47:20 AM |
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Try some of the newer cryptonote coins
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“But it's a poor fellow who can't take his pleasure without asking other people's permission.” ― Hermann Hesse, Steppenwolf
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notlist3d
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Activity: 1456
Merit: 1000
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September 03, 2014, 06:57:54 AM |
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I have a desktop computer that is on 24/7 for various reasons.
I figured that using this computer to mine altcoins might be a useful way to learn about this at a low cost without investing in a system. I know I don't even have a chance with bitcoin as one needs a heavy investment to mine, and I am just looking for a somewhat liquid coin that I could learn about digital wallets and so on without getting burned if I am scammed.
Go with trusted sellers depending on what you want on miner some of us can give some advice. I know of a few who accept paypal for miners. I can understand how seeing the numbers it is a big investment. As far as "liquid" BTC is the standard for coins. Look into multi-factor and safe ways to save your wallet, even cold storage. Depending on your computer you can try CPU/GPU to see if you enjoy mining. But keep in mind most people operate at a loss on GPU and CPU. I suggest asics very highly as far as gear. |
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soronto
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September 03, 2014, 08:01:37 AM |
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A this moment there is no sense to mine using CPU (if you want to earn some money). But you can try it just for fun.
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Equate
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September 03, 2014, 11:22:14 AM |
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CPU coins like quark , prime are no longer CPU exclusive and there are GPU miners available for them . CPU mining doesn't make sense these days .
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djm34
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Activity: 1400
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September 03, 2014, 12:20:57 PM |
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CPU coins like quark , prime are no longer CPU exclusive and there are GPU miners available for them . CPU mining doesn't make sense these days .
actually it makes sense for about 2 hours after a new cpu coin is launched (assuming instamining) after that it is pretty much useless |
djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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110110101
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Activity: 1382
Merit: 1002
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September 03, 2014, 12:49:35 PM |
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I have a desktop computer that is on 24/7 for various reasons.
I figured that using this computer to mine altcoins might be a useful way to learn about this at a low cost without investing in a system. I know I don't even have a chance with bitcoin as one needs a heavy investment to mine, and I am just looking for a somewhat liquid coin that I could learn about digital wallets and so on without getting burned if I am scammed.
Hi drgon, I suggest that you look into one or more crypto-currencies that are X11, X13, X15 based. If you have a somewhat modern graphics card (Nvidia/AMD), try using this to do the mining rather than your CPU. The reason for using these algorithms is that SHA256 and sCrypt have or will require asics for mining, so there is no point is mining them with your home PC. You could choose any coin just for the fun of learning, but maybe take a look at Darkcoin the first X11 coin, with new privacy features being incorporated. Even mining away and getting a few coins every month could turn out to be profitable for you. |
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whitemage
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September 03, 2014, 12:54:00 PM |
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I have a desktop computer that is on 24/7 for various reasons.
I figured that using this computer to mine altcoins might be a useful way to learn about this at a low cost without investing in a system. I know I don't even have a chance with bitcoin as one needs a heavy investment to mine, and I am just looking for a somewhat liquid coin that I could learn about digital wallets and so on without getting burned if I am scammed.
Since you have your computer on 24/7 already which mean you only need to pay extra 50-60 watt for cpu mining depending on the chip. Now find some cpu calculator and plug in your figure to see if it is profitable for you. Most likely not unless you have cheap power.. |
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amacar
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September 03, 2014, 08:39:43 PM |
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If you have any newer graphics card similar to nvidia 750 (ti) that has very low consumption then it is maybe worth to mine, but usually it is worth to mine only if electricity is almost free. But maybe to begin with crypto you can join to any free coin (signaturecoin....)
And also wish you good luck in crypto world.
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