Can anyone give me an advice about mining? I just started mining

stamat

newbie

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Although if you're thinking of buying an ASIC make sure you do your research first (Custom Mining board probably a good place to start). You might find you're waiting longer than the vendor's website implies...

Can you tell some vendors that sells ASIC hardware ?

ivanol

newbie

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Quote from: paysafecardbitcoin on March 02, 2013, 11:45:10 AM

Quote from: Gabi on March 02, 2013, 10:59:22 AM

An advice about mining? Stop or buy an ASIC.

thanks i already stoped...i`ll have to see about ASIC as i dont know yet what it is

Although if you're thinking of buying an ASIC make sure you do your research first (Custom Mining board probably a good place to start). You might find you're waiting longer than the vendor's website implies...

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Nah, you are mostly right. Yup, solo mining is about finding a block, if you find it, 25BTC (the reward halves every 4 years, no more 50 btc per block today! Only 25)

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are really expensive

1300$ for a 60.000Mhash/s or 150$ for a jalapeno with 4500Mhash/s is not really expensive Cheesy

A rig with 3 or 4 GPU cost more!

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Quote from: ufmace on March 02, 2013, 01:37:26 PM

From what I understand, in solo mining, you don't make 1 BTC but rather the current reward of 50 BTC if you solve a block. The downside is that the difficulty is already high enough that even solo GPU mining with custom rigs stuffed with all of the high-end GPUs they can take could take years to solve one block. CPU mining was completely pointless long ago. You might be able to make a little BTC if you join a mining pool, where a bunch of miners agree to share the reward if any of them solve a block, but you probably still need some serious hardware to get anywhere.

Meanwhile, ASICs - custom-designed CPUs that do nothing but mine, are really expensive and also really fast - seem to be coming onto the market, and may make even pooled GPU mining pointless in the next few months.

Correct me if I'm wrong about anything, I'm still learning this stuff too...

https://bitcointalksearch.org/topic/the-upcoming-halving-of-the-block-reward-126025

ufmace

newbie

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From what I understand, in solo mining, you don't make 1 BTC but rather the current reward of 50 BTC if you solve a block. The downside is that the difficulty is already high enough that even solo GPU mining with custom rigs stuffed with all of the high-end GPUs they can take could take years to solve one block. CPU mining was completely pointless long ago. You might be able to make a little BTC if you join a mining pool, where a bunch of miners agree to share the reward if any of them solve a block, but you probably still need some serious hardware to get anywhere.

Meanwhile, ASICs - custom-designed CPUs that do nothing but mine, are really expensive and also really fast - seem to be coming onto the market, and may make even pooled GPU mining pointless in the next few months.

Correct me if I'm wrong about anything, I'm still learning this stuff too...

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Specialized hardware for mining. For 1300$ for example you can get 60.000 Mhash/s

paysafecardbitcoin

newbie

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Quote from: Gabi on March 02, 2013, 10:59:22 AM

An advice about mining? Stop or buy an ASIC.

thanks i already stoped...i`ll have to see about ASIC as i dont know yet what it is

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

An advice about mining? Stop or buy an ASIC.

paysafecardbitcoin

newbie

Activity: 56

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Quote from: Mevius on March 02, 2013, 10:32:39 AM

Quote from: paysafecardbitcoin on March 02, 2013, 10:00:21 AM

So my hash rate is 1,1 Mhash/s . So in how manny days, weeks, months , years , i can make 1 bitcoin?

I would recommend solo-mining with that hashrate:

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Average generation time for a block (solo) 540 years, 289 days (can vary greatly depending on your luck)

HAHA! I`ll turn myself in a vampire to do it

Mevius

member

Activity: 99

Merit: 10

Quote from: paysafecardbitcoin on March 02, 2013, 10:00:21 AM

So my hash rate is 1,1 Mhash/s . So in how manny days, weeks, months , years , i can make 1 bitcoin?

I would recommend solo-mining with that hashrate:

Quote

Average generation time for a block (solo) 540 years, 289 days (can vary greatly depending on your luck)

paysafecardbitcoin

newbie

Activity: 56

Merit: 0

Quote from: Winterfrost on March 02, 2013, 10:23:24 AM

Quote from: paysafecardbitcoin on March 02, 2013, 10:00:21 AM

So my hash rate is 1,1 Mhash/s . So in how manny days, weeks, months , years , i can make 1 bitcoin?

Here's a calculator: http://www.bitcoinx.com/profit/

You can expect to make about 0.04145821 BTC per year when mining on a CPU. That's not taking into account the cost of power and wear on your equipment.

Yeah i just made the calculations lol:) i already stopped the mining...not even 1 bitcoin in 1 year with my computer.

Winterfrost

full member

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★Bitvest.io★ Play Plinko or Invest!

Quote from: paysafecardbitcoin on March 02, 2013, 10:00:21 AM

So my hash rate is 1,1 Mhash/s . So in how manny days, weeks, months , years , i can make 1 bitcoin?

Here's a calculator: http://www.bitcoinx.com/profit/

You can expect to make about 0.04145821 BTC per year when mining on a CPU. That's not taking into account the cost of power and wear on your equipment.

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Quote from: paysafecardbitcoin on March 02, 2013, 10:00:21 AM

hello again,so after some research in this bitcoin world i decided to give a test to my computer before making any investments. I started with GUIminer and this is what it shows:

Uploaded with ImageShack.us
So my hash rate is 1,1 Mhash/s . So in how manny days, weeks, months , years , i can make 1 bitcoin?

All the info you want can easily be found by using Search. You questions have been answered over and over and over and over............
You missed the boat for BTC mining, better off buying.

paysafecardbitcoin

newbie

Activity: 56

Merit: 0

hello again,so after some research in this bitcoin world i decided to give a test to my computer before making any investments. I started with GUIminer and this is what it shows:
http://img405.imageshack.us/img405/6341/bitcoin.png

Uploaded with ImageShack.us
So my hash rate is 1,1 Mhash/s . So in how manny days, weeks, months , years , i can make 1 bitcoin?

Topic: Can anyone give me an advice about mining? I just started mining (Read 763 times)