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Questions tagged [mining-profitability]

This tag should be used for questions about the economics of mining operations.

11
votes
3answers
69k views

Is Gpu mining still an option?

My friend asked me to do a research for him on bitcoin mining, I don't know a lot so I'm asking. He's consider buying either NVIDIA gtx titan or NVIDIA gtc 980. Decent motherboard and internet speed. ...
2
votes
2answers
552 views

How do I reward a miner who made a block I like?

Some decisions miners make are reflected in the blocks they solve. Is it possible to send those miners some extra BTC without knowing who they are? It seems obvious that you could just send some ...
9
votes
2answers
3k views

Why do leading ASICs manufacturers sell their chips? [duplicate]

I understand that some people have access to cheaper electricity than others. However why not just open mining facilities in the parts of the world offering the lowest cost structure? If that is not ...
26
votes
6answers
88k views

Solo mining just for luck, realistic?

Just turned my attention to mining and the concepts are quite new to me. First of let me be clear: I realize that my hardware setup is far from ideal for mining. This is also the reason why I do not ...
5
votes
1answer
820 views

What can be done with old (unprofitable) ASICs? [duplicate]

GPUs used for bitcoin mining have many other purposes and can generally be sold after they are no longer mining enough Bitcoin to meet variable (electricity, etc) costs. What uses do old ASICs have ...
-1
votes
1answer
134 views

if I have 1 M/Hs mined for me how does this translate into a bitcoin?

I was offered 1 M/Hs per day for 37.00. What do I do with this in terms of turning it into a bitcoin. I am new to this and trying to make sense of all the mathematical gibberish
4
votes
5answers
44k views

I've tried everything from mining bitcoin to litecoin to other altcoins…why do I have no luck?

I am a beginner in the blossoming culture of crypto-currency, and unfortunately, it's beginning to feel as if 2015 is too late of a year for a laptop-user such as I to be able to start mining. I'm ...
31
votes
6answers
123k views

Do these new ASIC miners really pay for themselves in 5 days?

The Bitforce 50GH/s miner costs $2,500 today, and according to the following calculation it would mine enough coins in about 5 days to pay for itself. I am sure I am missing something here. Why would ...
-1
votes
5answers
16k views

Is it possible to use servers to mine bitcoins?

I have a vps, it's debian but i can install any os, i don't use it a lot, can i use it to mine bitcoins? Correct me if I'm wrong, bitcoins uses video cards, and as far as i know, vps and dedicated ...
-2
votes
1answer
1k views

I have an ATI Radeon HD 4550; would starting to use BitCoin be worth it? [duplicate]

Below average PC, wondering if it'd be worth it. The possibility of damaging my PC also exists.
-2
votes
2answers
1k views

ASUS X1650 256 MiB - is it sufficient? [duplicate]

Just learned about BitCoin. As I learned now there is no sense using CPU, just GPU. I have ASUS X1650 256 MiB, is it sufficient to ear at list 1-2 BitCoin a week?
0
votes
2answers
2k views

bitcoin mining on a laptop gpu, nvidia GT 120m? [duplicate]

i have a laptop with a discreet GPU, no integrated ones. its a Nvidia GT 120m in an ASUS laptop. i never use the laptop, so i decided to turn it into a bitcoin miner using bitminter. at the moment it ...
0
votes
1answer
160 views

How can I look up how much ASIC Miner has mined in the last week?

I can see a list of their most recent blocks here: http://blockchain.info/blocks/ASICMiner, but is it possible to get aggregate numbers over a given time?
0
votes
1answer
308 views

Is there any reason to invest on GPU based system these days? (March 2013) [duplicate]

I wonder whether I should spend around 1000$ - 1500$ for buying a GPU based system that will mine at 2GH/s. Is it still worth it? What will happen when all those ASIC machines will arrive? will i ...
0
votes
2answers
149 views

Will the payout for mining will always be the same? [closed]

Will the payout for mining always be 0.00000064 BTC? Because that is what i just got.
1
vote
1answer
420 views

disregard power costs for mining in the winter? [duplicate]

My theory is that if you are mining in the winter you should discount power costs completely, since the heat generated by your miner will contribute to the heating of your home and thus cause your ...
1
vote
1answer
2k views

Trouble CPU Mining with CGMiner and CPUMiner on Ubuntu Server 12.04

I just started mining within the past week on my laptop but I am trying to set up 2 dedicated mining servers to run 24/7. I've been using UfaSoft's CPUMiner on Windows 8 on the laptop, but I cant seam ...
1
vote
2answers
4k views

Is it profitable to use Amazon EC2 to mine litecoins?

I saw that mining BTC with CPU is not profitable anymore, and that you'd lose money mining bitcoin. Is the same thing true of litecoin?
1
vote
1answer
456 views

Is there a site (or formula) that easily calculates returns using difficulty / hash rate? [duplicate]

I'm just a novelty miner, looking to be cool and do my part to decentralize. Not looking for a return on my investment. However if I'm going to spend $100 or so I'd like to calculate how my options ...
1
vote
2answers
11k views

Solo vs Pool mining for new crypto-currencies?

I have a not-so-good miner in terms of mining, like with CPU mining with LTC, it goes to 15 kHash/s which is pretty low. I thought nor pool mining nor solo mining will earn me much when at this speed....
-1
votes
3answers
12k views

Using Mac Pro for Mining [closed]

Would it be worth buying a Mac Pro (higher end model) and using that to mine BitCoin? If so then what should I expect in return as far as mining goes?
-3
votes
1answer
3k views

Is the 500 gigahash ASIC miner from Butterfly Labs a good investment? [closed]

I have a friend who has no problem with dropping tons of money on something like this, which is, of course, $22,500. As he is practically useless with computers, I offered him a deal; I'll do the ...
0
votes
3answers
1k views

Can any current consumer grade computers mine any alt coins?

I'm interested in mining and would like to know if there are any consumer grade computers available that can mine any of the alternative coins. If so, what computers and which coins do you think would ...
0
votes
2answers
11k views

How much are accepted shares on GUIMiner worth? [closed]

I have just started Bitcoin mining and am using GUI Miner. I have an AMD 7870 OC edition that is mining for me. Currently i'm getting 380 mhash/s, is this good? Also how many of the accepted shares ...
2
votes
1answer
124 views

Mining in a down market

Is there something in the design of the bitcoin system that prevents this scenario? The price of bitcoins drops by 80% (or some number) for some external reason. The profitability of bitcoin mining ...
1
vote
1answer
9k views

Can i mine with a GTX 760? [duplicate]

Well, bit coin mining is looking more and more promising and to be honest, i don't know a lot. I heard you get a lot from AMD cards, but if i use my Nvidia card will it even be worth it? Thanks in ...
-1
votes
1answer
79 views

what does less power costs parameter mean?

I see Less power costs everywhere, what is the difference between Less Power Costs vs. 24h Power Cost ? http://www.bitcoinx.com/profit/
-1
votes
1answer
2k views

CGMiner — when will I start earning Bitcoins?

I downloaded cgminer, created an account on btcguild.com and followed to procedure it told me to. I have now started cgminer and it keeps updating itself as stratum from pool 0 detected new block. ...
-2
votes
2answers
4k views

High Hashing Power: Okay to solo mine? [duplicate]

I plan to hash at around 250-550 gH/s, would it be profitable to mine solo, or would I make more money joining a pool? Are there any unexpected occurrences that I should look out for when mining?
-1
votes
1answer
352 views

bitcoin mining costs

i have read some questions that ask "how much is the hardware etc to mine, and how long for it to pay for itself" which i think is a reasonable question, many answers explain how much it costs to buy ...
-1
votes
2answers
925 views

No shares on ghash.io and no payout — how to resolve this?

Been mining with ghash.io for a few hours at about 80Gh/s. However, I apparently have no shares and therefore am not receiving any payout. Is this an issue with my setup? How can I resolve this?
-3
votes
3answers
929 views

Can I mine with an E5 2620 CPU? [closed]

I plan on mining litecoins, but I'm somewhat late and new into the game. Would it be better for me to get a video card later, tight on budget? I'm not sure how to do the math. There isn't any ...
1
vote
1answer
980 views

Is it profitable to mine any Altcoin in the Cloud? Amazon aws has servers with GPU. [closed]

As title says, I would like to mine in the cloud. Is it profitable? I don't mean bitcoin because the network hash power is too high at the moment. I'd like to mine, for example, Dogecoin in the cloud. ...
0
votes
1answer
1k views

Why would you rather mine Bitcoins than Litecoin? What am I missing?

I must be missing something here. This calculator site says that a 2000 kh/s rig can generate .6 litecoins a day or ~10 USD. http://www.litecoinminingcalculator.com/index.php?khs=2000&diff=3130....
3
votes
1answer
4k views

Why does pool latency matter?

I often read about latency and ping. I am programmer and I understand what latency and ping is. But I do not understand why miner can't process block with certain delay. Why do 10ms or 100ms matter?
-1
votes
2answers
298 views

How do I get started, what hardware do I use? [closed]

So, I would like to get started in mining BTC and live in Britain south of Cambridge. I have a custom machine running an OC 7870, intel i5 etcetera. Would it be pointless mining with this hardware as ...
0
votes
1answer
3k views

Can i start mining with ANT MINER? [duplicate]

from here at little time, i'll get a ANT MINER to start mining bitcoins, and i want to know if i have some chance to get some coins with him. Brand: ANT MINER Model: BTC_1.6Gh/s Overclock: 2.2 Gh/s ...
-1
votes
1answer
233 views

0 accepted out of 460? Will my shares be accepted eventually?

I just started mining on Slush Pool using Macminer with a CPU. I am getting a hashrate of 12.28kH/s with the Scrypt hash algorithm, which I guess is not a big rate at all. I am wondering about the ...
0
votes
1answer
237 views

would 10 x 2TH/s machines give me the possibility to mine solo [duplicate]

Would 10 X 2TH/s machines give me the a heads up on pool mining or go solo mining obviously using different addresses on each machine, or one address prone to redundant work?
1
vote
1answer
479 views

Mining and Bitcoin Wallet [closed]

I have been mining for over 24 hours @ 97.3 Mhash/s. Shouldn't I have at least obtained .01 bitcoin by now? How do I verify the mining that I am doing is transferring into my Wallet?
1
vote
1answer
674 views

How does estimated coins calculated on Coinotron?

On 'Cointron' their is wallet table after logged in into the site, how they calculate estimated coins per day, estimated rewards, confirmed rewards and unconfirmed rewards? How does Coinotron derive ...
1
vote
1answer
1k views

Can I mine from CPU using 30 PC constantly on [duplicate]

I have internet cafe that has 30 PC constantly on 24 hours a day, they are basic PCs, can I use them to CPU mining botching?
2
votes
1answer
872 views

$40 of peercoin mined per day: possible?

I have a friend who tells me she mines $40 worth of PPC per day per machine. She has around 5 Cointerra ASIC servers working all day long. One server is part of a pool. I don't know enough about ...
0
votes
1answer
114 views

How much would I earn [duplicate]

how much estimate would I earn if I use cpuminer and 20ECU? Because im paying for a cloud instance for $0.01/hour. And it is 20ECU. I just want to make sure I can get profit. Thank you!
0
votes
1answer
70 views

Need help about Mining and Difficulty levels! [duplicate]

I am new to these mining things and i want to know that, "What if the difficulty level increase?, would i make a loss with mining? I am mining $1 USD with 5MH/s server with the current difficulty." ...
2
votes
2answers
4k views

Will more hashes per second increase bitcoins per hash per second?

I read this article: We have paid 0.034 BTC for the 10 GH/s ... Yesterday we have received our first daily payout and it was exactly 0.00041279 BTC ... Doing a quick calculation has shown that if ...
1
vote
5answers
4k views

What do I do with all my old block erupters? [closed]

I'm making like nothing off these guys and am looking to use them for something else. I guess these ASICs are designed for SHA-256 hash function based cryptocurrencies. Try to mine Terracoin? ...
2
votes
1answer
1k views

Why do bitcoin mining companies sell hardware if the hardware they are selling makes them money? [duplicate]

Why do bitcoin mining companies sell hardware and make ASICS if the hardware they are selling makes them money? Surely they would hold onto the profitable hardware and sell it when it's less ...
-1
votes
1answer
236 views

GPU mining better for BTC or LTC?

I recently bought an GTX 760, and wanted to try out mining either bitcoins or litecoins. I know AMD is better for mining and all that but I still want to try it anyway. So - should I mine bitcoins or ...
0
votes
1answer
510 views

What's the minimum setup to mine a block alone? [closed]

What's the minimum setup that you guys know, that can, today, mine at least 1 block alone, without the use of mining pools? I know I wouldn't be able to afford it, but just by curiosity...