pentium D 2.66 GHZ CPU and an old ATI GPU
You should mention what kind of GPU you have.
Probably, CPU 2.66 GHZ give you nothing except headache. Too slow for current litecoin difficulty. I'm talking that because my i5 3.70 GHz 4 cores, give me nothing, it is really, really slow, e.g. I try to mine on http://coinotron.com with litecoin. Full speed. About 2-3 weeks ago. 1 day give me ~ 0,00001 litecoins. Game completely over.
You need to get calculator.
http://btcsec.com/calculator/
http://tpbitcalc.appspot.com/
Use better google for alt-coins calculation, for litecoin too.
Get you speed from here:
https://en.bitcoin.it/wiki/Mining_hardware_comparison
Your diagnose is
Only pool:
https://litecoin.info/Mining_Pool_Comparison
https://en.bitcoin.it/wiki/Comparison_of_mining_pools
You better chose alt-coin by it's difficulties, if you can get anything, you should get. Otherwise, just don't touch it.
Super earlier alt-coin may be available, plus, look at specific alt-coins, not a scrypt.
You can't mine sha256 alt-coins anyway. Scrypt - too very high. Look at:
Quark (QRK) blake, bmw, groestl, jh, keccak, skein https://bitcointalksearch.org/topic/ann-qrk-quark-core-010-upgrade-260031
Blakecoin (BLC) blake-256 https://bitcointalksearch.org/topic/annblc-blakecoin-blake-256-for-gpufpga-with-merged-mined-pools-stable-net-306894
https://cryptocointalk.com/topic/1235-kimcoin-kmc-information/
https://cryptocointalk.com/topic/1196-cthulhu-off-information/
https://cryptocointalk.com/topic/1055-kingcoin-king-information/
Datacoin (Prime - clone) https://bitcointalksearch.org/topic/anndatacoin-datacoin-blockchain-start-announcement-minor-code-upd-logo-325735
etc.
You have real chance with alt-coin that have no enough miners ( difficulties ), with very specific algo.
Topic: Best coin to mine (Read 3187 times)
Hi,
check the web for best option to mine and also for hardware, but dont wanna disapoint you, probably you will not mine decent money with old PC.
for HW you can check this page https://litecoin.info/Mining_hardware_comparison
check the web for best option to mine and also for hardware, but dont wanna disapoint you, probably you will not mine decent money with old PC.
for HW you can check this page https://litecoin.info/Mining_hardware_comparison
I was planning on using my old computer that I have at home thats never used because I'm away at University all year. Its a pentium D 2.6 Ghz processor and a pretty old ATI GPU. Electricity costs don't matter to me because I live in an apartment and we have free electricity.
SInce the computer is used literally for nothing, I was thinking of using 100% of its processing power to mine. Would it be possible to mine 2 separate types of coins at once?
SInce the computer is used literally for nothing, I was thinking of using 100% of its processing power to mine. Would it be possible to mine 2 separate types of coins at once?
With that setup, if it runs 24/7, you should be able to make $1/year.
the difficulty will go up but i think that will make the price go up as well (eventually) so im actually curious what the exact calculations will look like after the difficulty increase in like 10 hours.
What is the rate you mine a coin, how much you get on a hourly/daily bases?
I would 2nd the initial question. I would also like to know the most profitable coin to mine atm in terms of computing power/energy consumption to returns. I will say though that I tried mining LTC recentlyy using GUIMiner_Scrypt and it would not work for me. It can be very technically challenging from what i gather as there are many factors which can cause it not to work such as incompatible drivers, knowing the correct ports and god knows what else. I fiddled with all these and couldn't get it to work. but anyway, while we await more knowledgable answers, I have some further thoughts and extra questions that hopefully the good people here can help with...
Based on what I just said, I think mining on your own machines may not be the best option for everyone, which is where paying someone else to do it for you might be a better option. Looking at this thread https://bitcointalk.org/index.php?topic=232739.80 ...would anyone like to suggest the best offers out there for cloud mining/mining rig contracts for bit coin and other crypto currencies? The cloud hashing company doesn't seem to be going down very well in there for offering good deals. Ideally a company offering such services with the ability to mine a wider range of coins than just bit coin would be good such as lite coins and tag coins. Litecoin seems to me to be a good bet. Well known and established witout being to "sheepy" and bandwagony if you like. Tag coin seemed to me the most profitable based on my limited research and understanding in terms of the time likely to take to mine an amount equivilent ot 1 BTC at current exchange rates.
And just to be clear I am not a sheep jumping on the bandwagon. I have known all about bitcoin since 2011 when Max Keiser started adoring it. I always planned to invest and mine and was convinced the price would soar in the future but thought I had much more time before the sheep found out about it and thus it wasn't a priority. My expected timescale was more like 2020 before we reached this point! To save myself from smashing my house or slitting my wrists at the missed opportunity, I can at least take confort in a few things.. Number 1 being in the fact that my logic suggests to me that with the huge price increases this week, mining should be a lot more profitable.... This is of course based on the presumption that the number of miners or the difficulty has not increased at the same rate, but I wouldn't have expected that it would as i gather that altough a lot of these new sheep investors have come along and invested cos they've heard about bitcoin on the news, a small percentage are likely to be the kind of people who are technically minded enough to understand mining or even know much about that aspect of bitcoin and other crypto currencies. Does this logic appear to be correct and sound?
Also, I still think in the long run these are very early days and we will still be looked back on in years to come as (relatively) early adopters. Also, I feel the price is likely to rise far more above where it is now in the coming months and years. Not only due to the likeley increased awareness and usage but also due to the 21 million coin limit of BTC so there is still much to look forward to I think.
Also, finally just a slight technical question about BTC... Does the hash rate for X amount of computing power....
A.) Go down as mining difficulty increases over time and thus the mining rate goes down by the same amount
or
B.) Stay the same, but you just need to have a higher hash rate (and therefore more powerful hardware) in order to achieve the same rate of mining BTC?
Thanks!
Based on what I just said, I think mining on your own machines may not be the best option for everyone, which is where paying someone else to do it for you might be a better option. Looking at this thread https://bitcointalk.org/index.php?topic=232739.80 ...would anyone like to suggest the best offers out there for cloud mining/mining rig contracts for bit coin and other crypto currencies? The cloud hashing company doesn't seem to be going down very well in there for offering good deals. Ideally a company offering such services with the ability to mine a wider range of coins than just bit coin would be good such as lite coins and tag coins. Litecoin seems to me to be a good bet. Well known and established witout being to "sheepy" and bandwagony if you like. Tag coin seemed to me the most profitable based on my limited research and understanding in terms of the time likely to take to mine an amount equivilent ot 1 BTC at current exchange rates.
And just to be clear I am not a sheep jumping on the bandwagon. I have known all about bitcoin since 2011 when Max Keiser started adoring it. I always planned to invest and mine and was convinced the price would soar in the future but thought I had much more time before the sheep found out about it and thus it wasn't a priority. My expected timescale was more like 2020 before we reached this point! To save myself from smashing my house or slitting my wrists at the missed opportunity, I can at least take confort in a few things.. Number 1 being in the fact that my logic suggests to me that with the huge price increases this week, mining should be a lot more profitable.... This is of course based on the presumption that the number of miners or the difficulty has not increased at the same rate, but I wouldn't have expected that it would as i gather that altough a lot of these new sheep investors have come along and invested cos they've heard about bitcoin on the news, a small percentage are likely to be the kind of people who are technically minded enough to understand mining or even know much about that aspect of bitcoin and other crypto currencies. Does this logic appear to be correct and sound?
Also, I still think in the long run these are very early days and we will still be looked back on in years to come as (relatively) early adopters. Also, I feel the price is likely to rise far more above where it is now in the coming months and years. Not only due to the likeley increased awareness and usage but also due to the 21 million coin limit of BTC so there is still much to look forward to I think.
Also, finally just a slight technical question about BTC... Does the hash rate for X amount of computing power....
A.) Go down as mining difficulty increases over time and thus the mining rate goes down by the same amount
or
B.) Stay the same, but you just need to have a higher hash rate (and therefore more powerful hardware) in order to achieve the same rate of mining BTC?
Thanks!
I was planning on using my old computer that I have at home thats never used because I'm away at University all year. Its a pentium D 2.6 Ghz processor and a pretty old ATI GPU. Electricity costs don't matter to me because I live in an apartment and we have free electricity.
SInce the computer is used literally for nothing, I was thinking of using 100% of its processing power to mine. Would it be possible to mine 2 separate types of coins at once?
SInce the computer is used literally for nothing, I was thinking of using 100% of its processing power to mine. Would it be possible to mine 2 separate types of coins at once?
With a laptop your chances are slim to get anything. You will not get any BTC or LTC, as you need a lot of hashpower for that. A Cpu-Only coin like Datacoin may give you a block: https://bitcointalksearch.org/topic/anndatacoin-datacoin-blockchain-start-announcement-minor-code-upd-logo-325735
if your using your computer mine litecoin or feathercoin or novacoin. But honestly if its a laptop its not going to be worth the electricity / wearing out your laptop. You can buy usb block erupters for about 20 dollars and they will hash at 333mh/s. not much, but 3 of them will make you around 90 cents a day.
Hey guys,
I'm looking into mining and i'm unsure as to which coin I should be mining. I have definitely missed the boat for bitcoin. Can litecoin or Namecoin still be mined on a weaker computer? I would prefer not to mine on my laptop which actually has decent specs to it. Maybe I should mine one of the newer currencies? Any help would be appreciated.
Edit: Woops forgot to mention I would be mining on my weaker desktop computer that is used for absolutely nothing since I am away at university all year. Its a pentium D 2.66 GHZ CPU and an old ATI GPU. I realize this is really old but if it was left on day and night for months would I not be able to get any decent mining from any coins?
Also to add, I do not pay any electricity charges so there is no worries about that.
I'm looking into mining and i'm unsure as to which coin I should be mining. I have definitely missed the boat for bitcoin. Can litecoin or Namecoin still be mined on a weaker computer? I would prefer not to mine on my laptop which actually has decent specs to it. Maybe I should mine one of the newer currencies? Any help would be appreciated.
Edit: Woops forgot to mention I would be mining on my weaker desktop computer that is used for absolutely nothing since I am away at university all year. Its a pentium D 2.66 GHZ CPU and an old ATI GPU. I realize this is really old but if it was left on day and night for months would I not be able to get any decent mining from any coins?
Also to add, I do not pay any electricity charges so there is no worries about that.
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