Topic: Bitminter client (Windows/Linux/Mac) - page 4. (Read 655007 times)

Yes, you need ASICs to mine. Mining on a graphics card takes several million years to mine one coin.

There are two types of cheap ASIC devices.

Cheap per device: These often cost only 10 USD. But they only do 1 or 2 GH/s which means that they are extremely expensive per GH/s. You would be lucky to earn back 10% of the price of the device.

Cheap per GH/s: These are more expensive devices. But they are cheap per GH/s and can make a profit. Have a look at Antminer S7 plus power supply at bitmaintech.com - that's not a cheap machine but you can calculate the price per GH/s and use it as a base for comparison. Have a look at ebay and similar places for older Antminer S-models, kncminer, spondoolies, etc. Compare to the GH/s price of the S7. If a machine doesn't come with a power supply then always factor that into the GH/s price.

would it be necessary for me to buy an ASIC device in order to use it... These things are kinda costly for me.. Also could you tell me about some cheap ASIC devices

You're welcome - happy to hear you like it

Ty you for the good Client

Profitable miners now are standalone machines that come with a tiny built-in computer with preinstalled software. This is making the Bitminter client software obsolete.

Currently Bitminter client is in a kind of "maintenance only" mode. I haven't decided yet where to take it beyond that.


Thank you - happy to hear it's working for you

I just did it and it's running smoothly! Very nice software!

Will the bitminter software ever have the option to mine other sha256 coins on other pools?

For now you'll need to add https://bitminter.com to the exceptions list under the security tab of the java control panel.

I installed Java 8 went to run your BitMinter app and the app is blocked by Java for security reasons... Whats up with that!!

what is this worth?
0.61231778 (namecoin)

is it Last Price: 0.3950000 USD for 1namecoin

I have it on Bitminer...
I someone interested?

A $10 USB stick for mining will easily beat 2 or more fast gaming PCs with very expensive graphics cards. Those USB sticks are at this point useless, but that gives you an impression of just how useless a PC is for mining. You could get one of those if you want to try mining very cheaply. Keep in mind that you never earn an amount large enough to actually cash it out from the pool and that the website won't be able to show a live hashrate for your mining because your hashrate is so slow that it is essentially zero.

Its to expensive to buy some mining machine. and beside I just want to try it on my pc. And one more question ^_^ if I run it to a windows or any OS do I need Video card? or without

x86 PC running Windows, Linux or Mac OS X will work.

These days though I'd recommend buying a stand-alone miner of 1 TH/s or higher hashrate. They come with a tiny built-in computer with all the necessary software. You use a browser on your PC to configure them, and after that you can switch off your PC if you want and the miner will keep doing its thing. There's no need for Bitminter Client or any other software on your PC. For Bitminter the pool URL you give the miner is stratum+tcp://mint.bitminter.com:3333

sir is there a spec pc for the bitminter ? thank you in advance ^_^

I'm trying Bitminter. I think it's good!
Hope it's not error now!
Thanks for your sharing! 

Yes.

is this legit Sir?

CPUs are ASICs designed to do a very complex task. They have to interpret machine code and execute those instructions. A lot of work is just finding out what to do. CPUs can do a large variety of tasks, but they do them very slowly. Bitcoin started with CPU mining in 2009.

GPUs are similar to CPUs but with more limited instruction sets and running an instruction even slower than a CPU. The advantage is that they can perform one instruction in parallel on many sets of data. This was a great advantage for bitcoin mining and killed off CPU mining in 2011.

FPGAs are chips which logic can be changed. They are slower and cost more per chip than ASICs. But they don't have the huge start-up cost of getting a new ASIC chip to production. You can take an off-the-shelf FPGA chip and make it do bitcoin mining. This gave mining a boost until Bitcoin ASICs arrived.

ASICs are application-specific, they do one thing. The application can be something very complex like executing Intel x86 machine code. Or in the case of bitcoin ASICs; bitcoin mining (a very simple task) is the only thing they can do - but they do it extremely fast. While your CPU is just beginning to find out what to do ("oh, I'm supposed to add two numbers now"), the Bitcoin ASIC has already done many hashes. This killed off all other types of mining in 2013.

ASIC mining has driven up the bitcoin difficulty. It now takes a thousand years to mine one bitcoin with a "fast" GPU, or many thousands of years with a CPU. Not to mention that CPUs and GPUs are extremely inefficient and would cost a lot more in electricity to run than what value they are able to mine.

To start as a newbie miner today, a 1 TH/s ASIC machine or faster is recommended for a small mining-at-home operation. 1 TH/s is 1 000 000 MH/s. Compare that to the few hundred MH/s that the fastest GPUs can do.

Hi,

   I am new to the community and I understand that ASICs are pretty much required to get profitable when mining.  I don't understand why this is the case though,
concurrent use of good processors seems like it should work well to compute hashes from my perspective, after all they have run almost all clients and servers on the
entire internet until now. 
   What is the technical reason for requiring ASIC hardware?
   Why did CPU mining get removed from bitminter.com?
      I realize that it may not be optimal, but on my fairly fast machines I spend much of my time reading web pages and typing in a text editor,
      so the CPU is hardly even used 90% of the time, even though it's on.  I buy fast CPUs for that other 10% of the time when I need the juice
      to reduce my wait time.
      It seems to me that background use of a CPU would be a great way to mine.
      Perhaps the client just needs a processor usage knob next to the start button?

Cheers,
Scott
adligo.org
Tests4j
Fabricate
etc...

No, sorry, I haven't had time to work on this.