50ouncebrew (OP)
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February 01, 2015, 02:56:47 AM |
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How much money will i make in a day with this cpu:
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Bit_Happy
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A Great Time to Start Something!
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February 01, 2015, 02:57:36 AM |
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Zero, no, sorry. The network is too powerful for a single CPU to have a chance.
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Sniar
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February 01, 2015, 03:02:23 AM |
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You would be lucky to get even a cent with a CPU at the current difficulty (Even with free power)...
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Shattered
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February 01, 2015, 03:14:27 AM |
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Without question, the answer is no. You would literally be better off standing outside trying to catch nickels falling from Mars.
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Bizmark13
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February 01, 2015, 03:25:51 AM |
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Definitely not worth it today. It used to be that CPU mining was worth it, but that was back in 2009 and 2010. By late 2010, CPU mining became obsolete because GPU mining was developed. Then in 2013, ASICs were developed which made even high-end GPUs obsolete. To put it into perspective, your CPU would be capable of ~6 MH/s while consuming 80W of power. A single USB Block Erupter which can be bought for $8 used on eBay can achieve 333 MH/s while consuming 2.5W of power. Even so, that Block Erupter would only earn you ~150,000 satoshis per year (worth about 30 cents) assuming that the difficulty doesn't increase. I'm getting about 6,000Khash/sec with a 6-core, 3.33GHz Xeon Mac Pro. I tried the -4way switch but it didn't seem to help.
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manselr
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February 01, 2015, 03:51:14 AM |
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Its not worth mining any coin unless the coin is new, from a joe pov.
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ranochigo
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February 01, 2015, 03:52:30 AM |
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A few satoshi, CPU mining is a thing of the past. GPU took over CPU mining late in the 2010. ASIC took over GPU at around 2013, the smallest ASIC miner, USB block erupter can mine Bitcoin more efficiently in terms of power consumption and space requirements. You can try mining GPU and ASIC resistant coins but there is no guarantee that the price will crash and you would lose your profits.
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inBitweTrust
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February 01, 2015, 03:52:49 AM |
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How much money will i make in a day with this cpu: Perhaps ethereum whenever it finally gets released can be mined on a cpu.
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Bizmark13
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February 01, 2015, 04:56:28 AM |
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Yeah, I forgot to say that it should be possible to mine CPU and GPU mineable altcoins and then convert them to BTC using an altcoin exchange such as Cryptsy. You wouldn't be mining Bitcoin directly, but you'd earn much more BTC this way. Here is a list of CPU mineable coins: http://www.cpucoinlist.com/And here is a site where you can compare the profitability of mining different coins: http://www.coinwarz.com/Don't bother mining any coins that use SHA-256 (e.g. Bitcoin, Peercoin) or Scrypt (e.g. Litecoin, Dogecoin) since these are dominated by specialized ASIC hardware.
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Fernandez
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February 01, 2015, 05:58:55 AM |
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I used to mine Primecoins on my two CPUs. Was fun to get the blocks, I think the reward was almost 20 then. Then the difficulty kept rising and I shut them down when it crossed 9.
I doubt there is any profitable enough CPU coin these days.
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fryarminer
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February 01, 2015, 06:13:30 AM |
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I had to check the date that this was posted. Twice. Excuse me now while I got outside and wait for nickels to fall from Mars.
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Q7
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February 01, 2015, 06:46:38 AM |
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Look under the altcoin annoucement page. You will have better luck mining newly launch cpu coins and then convert it to btc rather than mining btc directly, which basically yield nothing.
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caga
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www.secondstrade.com - 190% return Binary option
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February 01, 2015, 07:24:13 AM |
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How much money will i make in a day with this cpu: Mining bitcoin. Nada. Mining altcoin. Sure
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nextblast
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February 01, 2015, 07:50:21 AM |
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Good rig... but not for mining btc, unless you could build a time machine.
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dsattler
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February 01, 2015, 07:57:46 AM |
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Check out the "Monetary System" (MS) of Nxt, there are some coins which can only be "minted" by CPU. Here is a link: http://nxt.org/about/monetary-system/
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Bitcointalk member since 2013!
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elephantas1
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February 01, 2015, 07:14:01 PM |
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Good rig... but not for mining btc, unless you could build a time machine.
yeah the difficulty increasing even though the price dropped hard its totally not worth mining it
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cakir
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★ BitClave ICO: 15/09/17 ★
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February 01, 2015, 07:15:32 PM |
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You can mine XMG and sell them for BTC.
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tss
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February 01, 2015, 07:18:02 PM |
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no sorry. you're a few years too late. what does it work out to? .2 cents per month?
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elephantas1
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February 01, 2015, 07:59:52 PM |
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You can mine XMG and sell them for BTC.
yeah you can but you will get cents for it which will not cover you electricity fees
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wadili89
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February 02, 2015, 12:17:53 AM |
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you will be lucky to buy a lolipop after a year of mining probabely you are 4.5 years late do visit hardware section to buy a miner to get start
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