can USB asic miner still mine? | Bitcointalksearch.org

Zelek Uther

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Run a Bitcoin node.

Quote from: Lorenzo on July 04, 2014, 04:16:19 AM

Solo mining with a USB miner would be similar to playing the lottery. You're chances of winning the lottery or solving a block would be very, very small. But if you're very, very lucky and it happens, the returns would be very, very enormous. Grin

Solo mining isn't for me. With pool mining you at least earn a small, steady income.

FYI I have been running 9 ASICMINER Block Erupter USBs for a year now (pool mining), and I have never found a block. They are a small part of my 7 TH/s farm... but note: my farm has never found a block!

Think about that for a moment. You might get lucky... or you could mine for a whole year (or more) for no reward.

enhu

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I don't have free electricity but I am using my computer daily for I get to chat and browse every day. I guess I can use it for hours while I mine. It don't matter how much I get though as long as I get to mine even just cents. Grin

Katarina

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Quote from: enhu on July 04, 2014, 02:35:43 AM

I did acquire this from a room mate who is into mining back then and he left these two USB Asic miner and I was wondering if this can still mine. w

Yes but make sure you have free electricity before you start cause its a negative return.

enhu

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seem a huge investment to actually buy bitcoins these days. I do hope I can afford better hardware

chek2fire

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i do the same. I just mine for hobby with two antminers. I have buy my most bitcoins.

enhu

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0.001 will be find since I'm also a freelancer so I might just mine while doing my work.

Thanks for the replies

chek2fire

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Better to buy some bitcoins or do a hobby mining. You will never mine a single bitcoin with antminer but you will mine about 0.001 maybe more in a day.

enhu

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Okay so I might just use it still when this computer is also on. I'm planing to buy Bitmain S1 Antminer, is this worth and can it still mine bitcoins?

lowbander80

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I have 3 of those and I still use them when my pc is on
no reason to leave computer on for this only

rammy2k2

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u can use those USB miners as toys or something these days ...

philipma1957

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'The right to privacy matters'

Quote from: enhu on July 04, 2014, 10:55:36 AM

probably just one in a million chance but gave me hope Cheesy

hope to buy better hardware. what can you guys recommend?

what country are you in?

what do you want to lose? spend not lose , but lose needs to be mentioned since you can lose all your money.

If you are usa based and have a cat 5/ cat 6 connection get an s-1 they are under 200 usd.

will mine with out breaking . many ebay sellers.

they can undervolt and underclock.

I know a seller (me ) that has 3 s-1's under volted and under clocked with a great psu on ebay… that is most likely more then you want to spend.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=161356686329&ssPageName=STRK:MESE:IT

but there are low cost 1 s- setups on ebay to get you started.

here are a few 200 or less

http://www.ebay.com/sch/i.html?_sacat=0&_from=R40&_udlo=180&_udhi=202&LH_BIN=1&_nkw=antminer%20s-1&_sop=15

enhu

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probably just one in a million chance but gave me hope Cheesy

hope to buy better hardware. what can you guys recommend?

300

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Quote from: Lorenzo on July 04, 2014, 04:16:19 AM

Solo mining with a USB miner would be similar to playing the lottery. You're chances of winning the lottery or solving a block would be very, very small. But if you're very, very lucky and it happens, the returns would be very, very enormous. Grin

Yup, they're similar. I remember someone here solved a block while using an ASIC that was only a couple of times more powerful than your typical USB miner:

EDIT: Here is the link: https://bitcointalksearch.org/topic/holy-crap-i-found-a-block-591665

With the lottery, winning the jackpot would get you millions of dollars but you only get one chance to win. Running a USB miner is cheaper than buying lottery tickets and you get multiple chances to win although the prize is only 25 BTC, or $15,000 worth at today's rate.

Lorenzo

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Solo mining with a USB miner would be similar to playing the lottery. You're chances of winning the lottery or solving a block would be very, very small. But if you're very, very lucky and it happens, the returns would be very, very enormous. Grin

notlist3d

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They can mine and solo mine depending on settings. I would not count on one of these solo mining a block of BTC. But if you do it would be huge. It would be a very very long shot gamble.

Swordsoffreedom

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Quote from: enhu on July 04, 2014, 02:45:21 AM

can it also be use to solo mining? Grin

Sure if you can find a coin that no one really mines that uses Sha 256
Trust me there are a lot of them the question is if you can find one that generates any money ^_^
Oh half are based off litecoin scrypt mining but you can get the picture
http://mapofcoins.com/

Mintpal compatible coins make for a good list of ones that actually can generate you some cash.
https://www.mintpal.com/

enhu

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can it also be use to solo mining? Grin

Swordsoffreedom

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They can mine but they are far from profitable
You can see how it would handle in Bitcoin here
https://tradeblock.com/mining/

It is under Asicminer Block Erupter USB stick you could try another alt coin such as PPcoin which I believe is compatible
http://www.peercointalk.org/index.php?topic=264.0

Theres quite the list but you would need to sort it out based on how viable the coin is and what underlying script it uses if your curious Bitcoin uses Sha-256 just as an example I'm certain there are other alt coins you can choose from where the stick could still generate something decent.
http://www.coinchoose.com/

enhu

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I did acquire this from a room mate who is into mining back then and he left these two USB Asic miner and I was wondering if this can still mine. w

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