menagear (OP)
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Activity: 4
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February 06, 2015, 04:42:09 AM |
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If I were to buy a Antminer S3+ 453 GH/s, will I be able to mine all types of coins? (bitcoin obviously, litecoin, dogecoin etc?)
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adaseb
Legendary
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Activity: 3766
Merit: 1718
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February 06, 2015, 04:58:27 AM |
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If I were to buy a Antminer S3+ 453 GH/s, will I be able to mine all types of coins? (bitcoin obviously, litecoin, dogecoin etc?)
LOL |
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hdmediaservices
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February 06, 2015, 09:00:32 AM |
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If I were to buy a Antminer S3+ 453 GH/s, will I be able to mine all types of coins? (bitcoin obviously, litecoin, dogecoin etc?)
LOL Be nice - LOL. No - the Antminer will only mine SHA-256 coins (like Bitcoin). Litecoin is a Scrypt coin - requiring a different type of ASIC. |
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Amph
Legendary
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Activity: 3206
Merit: 1069
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February 07, 2015, 05:14:35 PM |
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no, you need a gpu for that, and also s3 is obsolete, s5 is far better, work with 22nm or lower
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Equate
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February 07, 2015, 05:19:35 PM |
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If I were to buy a Antminer S3+ 453 GH/s, will I be able to mine all types of coins? (bitcoin obviously, litecoin, dogecoin etc?)
S3 - Only if you are getting at cheap price and power is either free/ dirt cheap. S5 - Latest sha256 Asic but you can only mine sha256 coins like Bitcoin and it won't work with LTC, DOGE etc. For LTC , DOGE and other Scrypt coins , you need Scrypt-Asic. |
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SDRebel
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February 11, 2015, 03:55:53 AM |
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no, you need a gpu for that, and also s3 is obsolete, s5 is far better, work with 22nm or lower
What? You really said a GPU? |
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SDRebel
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February 11, 2015, 03:57:10 AM |
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If I were to buy a Antminer S3+ 453 GH/s, will I be able to mine all types of coins? (bitcoin obviously, litecoin, dogecoin etc?)
S3 - Only if you are getting at cheap price and power is either free/ dirt cheap. S5 - Latest sha256 Asic but you can only mine sha256 coins like Bitcoin and it won't work with LTC, DOGE etc. For LTC , DOGE and other Scrypt coins , you need Scrypt-Asic. The s3+ may also be a good option for those staring with bitcoin, it doesnt require too much investment |
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monkeygang
Member
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Activity: 70
Merit: 10
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February 11, 2015, 04:01:13 AM |
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I thought it was basically useless to mine btc for begginners. Because of difficulty etc. wouldnt it be easier to straight up buy bitcoins.
and less on electricity costs or something?
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monkeygang.. you cant join. your already a member
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SDRebel
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February 11, 2015, 04:18:56 AM |
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I thought it was basically useless to mine btc for begginners. Because of difficulty etc. wouldnt it be easier to straight up buy bitcoins.
and less on electricity costs or something?
Not really useless, plus people like to mess with things. If you just buy bitcoins there's not much fun on that An antminer s3+ for 100-110 shipped might recover the initial investment |
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monkeygang
Member
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Activity: 70
Merit: 10
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February 11, 2015, 04:21:22 AM |
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I thought it was basically useless to mine btc for begginners. Because of difficulty etc. wouldnt it be easier to straight up buy bitcoins.
and less on electricity costs or something?
Not really useless, plus people like to mess with things. If you just buy bitcoins there's not much fun on that An antminer s3+ for 100-110 shipped might recover the initial investment what do you mean by "might" like it would become obsolete before it paid for itself.. or depending on the coin you mine with it? |
monkeygang.. you cant join. your already a member
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SDRebel
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February 11, 2015, 05:08:35 AM |
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I thought it was basically useless to mine btc for begginners. Because of difficulty etc. wouldnt it be easier to straight up buy bitcoins.
and less on electricity costs or something?
Not really useless, plus people like to mess with things. If you just buy bitcoins there's not much fun on that An antminer s3+ for 100-110 shipped might recover the initial investment what do you mean by "might" like it would become obsolete before it paid for itself.. or depending on the coin you mine with it? Both things   It also depends a lot on your electricity costs |
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Equate
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February 11, 2015, 06:21:22 AM |
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If I were to buy a Antminer S3+ 453 GH/s, will I be able to mine all types of coins? (bitcoin obviously, litecoin, dogecoin etc?)
S3 - Only if you are getting at cheap price and power is either free/ dirt cheap. S5 - Latest sha256 Asic but you can only mine sha256 coins like Bitcoin and it won't work with LTC, DOGE etc. For LTC , DOGE and other Scrypt coins , you need Scrypt-Asic. The s3+ may also be a good option for those staring with bitcoin, it doesnt require too much investment That's what I said...But if power is not cheap then ROI won't be possible either. |
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SDRebel
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February 11, 2015, 01:06:22 PM |
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If I were to buy a Antminer S3+ 453 GH/s, will I be able to mine all types of coins? (bitcoin obviously, litecoin, dogecoin etc?)
S3 - Only if you are getting at cheap price and power is either free/ dirt cheap. S5 - Latest sha256 Asic but you can only mine sha256 coins like Bitcoin and it won't work with LTC, DOGE etc. For LTC , DOGE and other Scrypt coins , you need Scrypt-Asic. The s3+ may also be a good option for those staring with bitcoin, it doesnt require too much investment That's what I said...But if power is not cheap then ROI won't be possible either. Right, but if someone wants to try out mining without spending too much money and not to concerned if they recover their investment, then a s3+ is a nice toy |
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