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Questions tagged [mining-profitability]

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

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5k views

Microsoft Azure VM selection for optimized mining

I've come across a decent amount of Microsoft Azure credit and want to use it to to mine cryptocurrency. I am writing to ask: which computer to run the VM on - Azure provides a number of machines (...
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1answer
53 views

Do I have to try to mine bitcoin in order to verify peoples transactions?

I started investing in bitcoin about a year ago, did minor research and decided mining wasn't worth it because of the odds against finding a bitcoin. Lately I've started wanting to verify peoples ...
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2answers
689 views

Buying a Gridseed Mini ASIC Miner -Beginner

I'm new to the field of cryptocurrencies.It seems that without good hardware i cannot earn anything.As a starter - is Gridseed Mini ASIC Miner a good choice to buy http://www.makeuseof.com/tag/...
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1answer
510 views

Inconsistent mining profitability calculations

I am gathering some btc details from coinwarz api as follows Bitcoin difficulty: 711697198174 Bitcoin reward: 12.5 My personal hash rate: 1.425 TH/s I then try to calculate amount of seconds it ...
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1answer
2k views

Need Guide: what is the hashrate for ZOTAC P106-100 6GB GDDR5? [closed]

One vendor is offering 20 GPUs and each $224.00 . Is it good card for mining ETH and what is the best hash for this? Please let me know your experiences. Is it worth to buy for ETH or other coins?
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2answers
7k views

How fast does a processor have to be to mine bitcoins [duplicate]

I have a MacBook Air running 10.7(Lion) with an Intel Core i5 processor I want to try to mine bitcoins for fun. I understand that I alone will probably not be able to get any bitcoins from mining so ...
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1answer
71 views

Are there any example of Bitcoin being used for IOT application?

I am looking for examples of Bitcoin mining being integrated into embedded systems so that a by product of the services being provided is more Bitcoins. For example if I have a control system for a ...
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2answers
459 views

Are the bitcoin miners decreasing in quantity and increasing in size?

From what I am learning about bitcoin, the mining process is becoming exponentially difficult and hence exponentially more expensive (or at least more expensive), as people need more physical ...
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1answer
2k views

Should we still mine nowadays with CPU/GPU? [duplicate]

For the little bit I understood so far about the mining process, it seems to me that "finding" a block is very very very difficult for a CPU/GPU. However, since it is done by brute force, it seems to ...
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0answers
352 views

How can I evaluate the prospects of mining vs investing? [closed]

I have a few thousand dollars that I want to invest in cryptocurrencies now or soon, and was wondering how the current prospects look for ROI of setting up my own 6 gpu mining rig (ether/Zcash/Monero/...
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1answer
74 views

What is the profit when mining BTC with a known number of miners

I am trying to find an equation that can represent an instantaneous estimated mining profit if we were to assume we have M number of miners at that specific instant. The equations I found so far can ...
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3answers
5k views

How long does it take to earn back the investment of a miner? [duplicate]

I was strongly considering buying one of the 25 GHash/s miners and hooking it up to my laptop or desktop when not using them, as in, leave the miner running overnight or while I'm at work. The mining ...
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0answers
160 views

Limit of Proof of Work [duplicate]

I do not have a complete understanding of bitcoin, but I feel that the PoW concept will not do it in the long run, so I need you to explain to me if I'm wrong. First of all, all this work force is ...
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2answers
10k views

Mining with low specs?

If I have a computer with low specifications (2GB RAM, 2.13 GHz, integrated graphics), is there any way to mine normally with Bitcoin-qt? If not, will joining a pool with these specs be worth the time ...
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1answer
9k views

Can you make a profit mining with CPU/GPU? [duplicate]

A Radeon HD 7950 has the following hash rates: Around 600 MH/s for Bitcoin Around 600 KH/s for Litecoin I used the profitability calculator at bitcoinwisdom to estimate revenue: Bitcoin: 0.06148 ...
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2answers
1k views

Is it cost-effective to purchase an expensive card? [closed]

I was considering purchasing the Monarch BPU 300 C or the 600 C. However, neither of them are expected to ship before February of 2014 or later. If this calculator is to be trusted, it doesn't seem ...
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1answer
323 views

What software should I use to mine alt coins?

I downloaded MUE wallet. I have GTX 1060 in one of my computer and I want to mine. It's the same GTX I used to play overwatch. However, I am confused. How do I mine MUE? Is there a software for ...
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4answers
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How do cloud hashing companies profit? (leasing hashing power)

I think I'm missing something. There are a bunch of cloud hashing companies that lease hashing power. Let's take cointellect for example. They have contracts from 10 days to 24 months. If I buy a 10 ...
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1answer
261 views

sp20 jackson vs Bitmain Antminer S7 for personal bitcoin mining

Background: I am thinking about getting some bitcoin mining hardware. I am hoping to make some money (at least what I spent on the hardware), but mainly I am doing it to learn about bitcoin mining. ...
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2answers
6k views

Is FPGA more cost effective than GPU?

Actually is there a list of hardware we could use and their bitcoins/hardware price ratio so I can compute return of investment?
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2answers
2k views

Easy to Mine Cryptocurrency [closed]

I'm new to this field.It seems that mining Bitcoins using a normal computer has become tough.I have got a normal laptop with Intel i5 processor and GeForce 930MX graphics card.Which is the easiest ...
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1answer
46 views

Problematic Levels of Miner Pooling [closed]

Was wondering what signs people look out for to indicate whether independent mining or pooled mining can become less feasible? and also, How can users detect problematic levels of miner pooling?
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761 views

What hardware should I use to mine MUE?

Will I use video card? or PC? I plan to mine MUE and use the coin I mined to buy bitcoins. This says MUE is the best http://www.coinwarz.com/cryptocurrency/?sha256hr=9460.00&sha256p=2600.00&...
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0answers
127 views

Minority Attack on Bitcoins

I read the first paper which described the bitcoins. Most of it is clear except for one thing. I tried to find solutions online but couldn't find it. I am completely aware of the implications of a ...
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1answer
459 views

Why are my profitability calculations for Litecoin mining with an Antminer off the chart?

Not exactly a Bitcoin question but it's about mining. I wanted to step into crypto mining, but on a rather low budget. Unfortunately, it is hard to start with Bitcoin when you have a low budget, so I ...
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2answers
433 views

How does a miner know if a transaction has already been included in the block chain? Does he traverse through the complete chain to conclude this?

I am confused on what incentive a miner has on including a transaction apart from the transaction fee. So, if adding a transaction wastes any time, any miner should ideally not add transactions that ...
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0answers
60 views

Antminer s9 for mining! [duplicate]

I am thinking of putting 20 antminer S9 and start mining Will it be profitable as I have calculated monthly electrical bill of 2500$(USD) in my country?? Also should i be mining alone or join a pool?...
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2answers
148 views

Scalability of Bitcoin

What will incentivize miners to keep processing transactions after bitcoin production slows down and or stops? I understand that miners could work off fees, but are these costs per transactions for ...
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1answer
739 views

New To Mining - How Much US$ Am I Making / Day? [duplicate]

I am using a GTX 1050 ti SSC with fans at 100%. I got really lucky and this card might be the best overclockable one ever, I boosed performance by about 20%, when other people are happy to get 10%. ...
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1answer
77 views

How much is enough

I recently acquired a BTC mining package with total GH/s: 342.56 I realize it is small - but it is a start. What amount of GH/s is good for a beginner to start off with. Do I have a significant ...
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2answers
7k views

Solo mining requirement to win a block everyday?

What's the hash power requirements to solo mine and win at least one block a day? Two cases (with 10% luck, means mining requires to iterate 90% of unsuccessful hashes), Mine 24 hours a day and win ...
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2answers
1k views

What is the meaning of the field for “Profitability decline per year” in bitcoinx' profitability calculator?

In the Bitcoin mining profitability calculator at bitcoinx.com/profit, there is a field with the description "Profitability decline per year". What does this field mean in regard to the calculation? ...
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1answer
2k views

How is the probability of winning a block calculated from the difficulty?

I have problem finding this. The Bitcoin wiki mentions the probability here, but only with a link to the current value on BlockExplorer. The wiki page on difficulty doesn't mention the formula for ...
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2answers
304 views

Is Light Bitcoin a legitimate site or a SCAM?

Is light Bitcoin a legitimate Mining site or another SCAM?
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1answer
82 views

Will the increasing difficulty in Bitcoin mining push miners to a different currency?

I've been reading all of the "Is mining still profitable?" questions, and the consensus appears to be the following: Yes, difficulty is increasing, but profitability is uncertain due to the ...
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1answer
78 views

What are the political and environmental implications of growing Bitcoin electricity consumption?

I have found lots of articles talking about how bitcoin works, and quite a few that analyze the growing industry around it. Relatively little though speaks to the potential political implications of ...
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1answer
2k views

How much power and cost do miners currently expend to mine one bitcoin?

How much are mining pools currently spending on mining per BTC?
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0answers
64 views

Updated bitcoin mining energy usage

Is there an up to date and updated chart which tracks the entire energy used by bitcoin mining rigs worldwide? Looking for the energy used per t-hash.
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1answer
159 views

Zero-BTC transaction fees, service-specific mining pools and external compensation

Bitcoin is a network that is proven to be stable, but if you want applications on top of Blockchains you have to play by the rules of the system. For notary use cases (for example), where you would ...
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1answer
119 views

Can I find miner's payoff record in the Block Chain?

To my understanding after researching on the infrastructure of Bitcoin, the block chain maintains transaction records between two parties represented by their public keys. At the same time, the ...
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1answer
275 views

How to start mining

I'm new to cyrptocurrency and heard that gpu's are obsolete for bitcoin mining and I hear gridcoin is a good alternative. How do I start mining? And how long long until I start to break even? Also, I ...
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3answers
15k views

Easy Miner showing zero work, no devices shown

I have servers at my home (I work as a computer architect from my home for the Fortune 50) that are on all the time and plan to procure some Bitcoin hardware miners in the next few weeks. In the ...
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0answers
47 views

Bitcoin mining with rented rigs

Can someone please explain to me if mining with a rented rig is worth the investment. I recently mined but the server went down. Also where does the hashed data go and is it available for my viewing? ...
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1answer
968 views

BTC transaction cost vs fees

According to https://ethereum.stackexchange.com/questions/11/how-do-ethereums-transaction-fees-compare-to-bitcoin current BTC transaction fees vary anywhere from $0.01 to $0.09 USD. But according to ...
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1answer
548 views

Is GPU mining viable with any Cryptocurrency mining variations?

I have a GTX 960 2GB, and wouldn't mind some cash. I know mining bitcoin with it would maybe produce a few pennies a year, but someone told me there are other mining networks that aren't as inflated ...
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1answer
251 views

Minimal but profitable miner setup with solar energy

Im looking for 20W/h (at 5V) consuming system for running with solar panel. Is it possible with current miners? If you say it will never be profitable I say 5$ for a month is big target for me. The ...
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1answer
510 views

Is the fastest Bitcoin ASIC miner available today still profitable after block halving?

As the title says, I was wondering if the fastest Bitcoin ASIC miner will be profitable after block halving?
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1answer
93 views

Bitcoin hardware

I want to start mining but I am not sure about my calculations. Is it worth to mine with 4 nvidia gtx titan X without paying for electricity? I calculated it with a bitcoin calculator and the money ...
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1answer
353 views

Why does getblocktemplate use priority for transaction selection?

I don't know how getblocktemplate works exactly, but it seems to include transactions based on priority. Selecting transactions based on priority isn't the most profitable method for building a block ...
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4answers
33k views

Should I mine bitcoins or litecoins?

I don't pay for my own power, but I have two problems mining. I am CPU mining at 250 mhash/s because my AMD Radeon HD 7800 series graphics card will only produce 4.0 mhash/s (the other problem I'm ...