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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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4
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6answers
12k views

How do I make a profit buying cloud-hashing contracts?

I have tried one of the hashpower selling/buying website (nicehash) to buy hashpower. I have connected my order to a pool where I had one worker. However, despite all the advertisements, I could not ...
6
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1answer
1k views

Why doesn't the same miner always win?

If the miner with the strongest ability to solve the block wins, why doesn't the same miner win every time? Wouldn't that miner still have the strongest ability to perform the proof of work on the ...
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3answers
566 views

Which is best for mining bitcoin?

I am wanting to buy a hardware for mining bitcoin and namecoin using Bitminter. But then Genesis Mining offer online cloud mining. I want to know if it's better to buy a hardware for mining bitcoin or ...
7
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5answers
3k views

Energy consumption while mining

I am new to Bitcoin and I read some article about bitcoins and Most articles says "When using CPUs, GPUs, or even the older ASICs, the cost of energy consumption is greater than the revenue generated."...
1
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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 ...
6
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4answers
1k views

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 ...
4
votes
3answers
398 views

What reasons are there to mine and support Litecoin?

There are many examples of Bitcoin being accepted as a means of exchange in online transactions. I haven't found any such examples for Litecoin. So, what is the value in LTC mining? What is LTC's ...
0
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0answers
50 views

How much currency, on average, to expect from Bitcoin mining? [duplicate]

As mining difficulty continues to rise, I don't know if it is even worth trying. My question to the users actively mining is, how many Bitcoins, on average, are most miners making? And any recent ...
0
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1answer
721 views

How much do you gain from minting a proof-of-stake coin on multiple wallets?

Is there a theoretical gain from mining the same wallet/coins for pos on multiple computers, and if so, how much is it?
-2
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1answer
3k views

i would like to know how long it will take me to mine 1 bitcoin with a 12 th/s mining rig [duplicate]

I am going to start mining bitcoin. I plan to use 6 antminer s4. that would give me 12 th/s. with this set up how long would it take me to mine one bitcoin?
-2
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2answers
1k views

What coin could I mine with CPU now-a-days? [closed]

I have computer where I have only CPU and don't need to pay for energy. What kind of virtual currency should I mine?
0
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2answers
888 views

I have free energy; good idea to mine BTC/LTC?

I don't need to pay for power to my computer. Is it a good idea to mine LTC or BTC on Intel Core Duo processor? My CPU is 2 x 2.6GHz (computer woks 24/7)
0
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1answer
518 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...
2
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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
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1answer
3k views

Is it possible to mine with core duo cpu 2.4 ghz? [closed]

My PC details: Processor: Intel(R) Core(TM)2 Duo CPU T8300 @ 2.4GHz 2.4GHz Installed Memory(RAM): 4GB DRAM Video Card GPU: Mobile Intel(R) 965 Express Chipset Family Could you please ...
1
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0answers
116 views

How does one calculate the profitability for a coin?

Given, a coin has difficulty 'd', an exchange rate 'x'/BTC or 'X'/USD, and given that my hardware can do 'y' MH/s (scrypt), how would I determine the best coin that I could mine? Do I need to consider ...
0
votes
1answer
389 views

Calculating the mining profitability of Novacoin

I've been researching altcoins and keep coming across some staggering figures. I think it's just too early to do math, but if I were to farm novacoins for example calculator here and I have pretty ...
0
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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." ...
1
vote
2answers
312 views

What is the current actual cost of mining 1BTC? [closed]

Bitcoin is going down right now. It's about 500USD/BTC. I wonder what is mental support price for miners under which they would prefer to buy btc instead of mining it? That would be more or less ...
14
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1answer
636 views

How will bitcoin stay decentralized when mining becomes extremely expensive?

My understanding of bitcoin is that the miners are the ones keeping bitcoin decentralized. What happens when only the richest of people can afford mining?
1
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1answer
115 views

Mining calculators and blocks found

Whenever we use an online mining calculator, do these calculator estimate a 100% blocks finding? Shouldn't they be subject to the pool efficiency and how many blocks are found? I mean, if my pool only ...
3
votes
1answer
1k views

Is there any difference in pool mining with gash.io over slush?

I am new to the crypto-coin mining. If I am mining with my own hardware, is there any difference if I join slush or gash.io? Any difference in payment? There are lot of posts that says to stay away ...
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!
2
votes
1answer
881 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 ...
2
votes
2answers
7k views

Mining with multiple older computers

Is it worth using about 20 old dell workstations to mine at once? They have ancient hardware from about 2003-2005. Would it be better to use than one computer from modern time?
1
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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?
3
votes
3answers
239 views

Mining costs, impact on long term viability of BTC

Given the rapidly rising difficulty level and electricity consumption/$30 cost per transaction, is the protocol sustainable as-is, and if not what is most likely to happen in the evolution of BTC.
7
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3answers
6k views

Lottery Mining?

I know mining is extremely difficult now. I just wondering has anyone "won" by solo mining a block? How does the chances compare against say wining the lottery? Assume 3 Giga Hashes Per Second say.
7
votes
3answers
3k views

Why do people mine bitcoins when they are losing 20% a month?

Why do people continue to mine bitcoins independently of their hash rate if their ROI loses 20% every month at the going difficulty rate and the exchange rate BTC/USD is at best flat?
0
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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? ...
1
vote
1answer
678 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 ...
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 ...
0
votes
1answer
241 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?
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3answers
1k views

I would like to exchange my mining earning to real cash in my bank account, then should I mine Bitcoin or Litecoin?

As a total Noob I have a CPU and GPU intensive machine and want to mine some coin to earn. In addition, I try to get the best trade of between the earning from the mining and exchanging it to a real ...
8
votes
3answers
7k views

Is there a point where bitcoin mining will not be profitable?

A lot of news accounts are pointing out that bitcoin mining is getting more difficult over time, murch even said recently in chat its getting "exponentially harder". I am not sure if that is the case, ...
1
vote
1answer
80 views

Do mining clients affect efficiency of mining?

Excuse my ignorance. I'm new to this. When trying to start mining, does it matter which client I choose to do the mining? If so, to what end?
6
votes
4answers
16k views

Coins with memory-intensive mining

Are there coins that demand system memory rather than computing power? Which coin brings me the most mining profit if I have a lot of system DDR3 RAM (say 64 GB or more) in my personal computer?
-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 ...
4
votes
2answers
4k views

Is ASIC Bitcoin Mining Profitable? [closed]

I’m pretty well versed in Bitcoin trading but am really new to Bitcoin mining. I hear a lot of conflicting views regarding the profitability you can achieve with Bitcoin mining. I was wondering if I’m ...
1
vote
4answers
358 views

isn't miner collusion rational?

suppose for the sake of argument that each individual miner has the same amount of hashing power of one hash per unit of time (a "tick"). the probability that a miner solves their block in the next ...
-1
votes
1answer
249 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 ...
2
votes
2answers
1k views

Mining with BFL at 440 GHS over 24 Hours and no bitcoin?

Is this even possible. I have been mining for about a month now, steadily building up my machines. When the big daddy from BFL comes (and the 230 is fixed) I will be mining at 1.2 THS. I have never ...
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
1answer
237 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
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....
1
vote
1answer
984 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. ...
1
vote
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 ...
1
vote
2answers
2k views

Can mining with lots of laptops make money? [duplicate]

I have lots of laptops that are idle nearly all the time. Some of those laptops are new, some of them are old. Sometimes a word processor is opened and that's it. Is it possible to use these laptops ...
0
votes
1answer
4k views

How do mining contracts work?

How do mining contracts work? I see mining contracts but how does it work?. What happens when I buy one? . I've seen multiple mining contracts I don't know whether the prices are worth it because I ...
0
votes
2answers
766 views

How long to earn fractions of bitcoin [duplicate]

I started mining today, and I'm using the bitcoin GUI miner, along with rpc2013-cuda. I'm running algorithms on the CPU(completely maxed out - It's a core i7 quad-core/Hyperthreaded at 2.3GHz) and the ...