Topic: CPU mining? - page 2. (Read 3069 times)
Tromp , youre very correct and I would also add in a given time that the hardware electrical consumption will lessen with proper coding (software or cpu) and low power processing (hadware asic) will try to out race each other.. and as in today the hardware asic is winning the race with better efficiency in electric usage.. but imo the gpu might win the race as software and hardware advancements are usually designed together like for example (nvidia gt700 is the hardware / cuda is the software ) Low power with higher gflops units are just over the horizon.
its inefficient as in the electric usage vs profit making... more power to pay means your profit goes down, unless its free electricity.. but otherwise cpu mining can be done with alt coins with low difficulty settings
So you're saying cpu-mining is "inefficient" at converting electricity into profit.
Well, sure, but so is mining on commodity hardware in general, including gpus.
That is the economic reality of many people able and willing to mine at a minor loss
(or illusion of profit by considering their electricity free).
On the other hand, commodity-mining, mining at a loss on commodity hardware,
could be "efficient" at converting electricity into decentralization, since miners are more diverse and more likely to solo- or p2pool-mine.
its inefficient as in the electric usage vs profit making... more power to pay means your profit goes down, unless its free electricity.. but otherwise cpu mining can be done with alt coins with low difficulty settings
CPU mining is too inefficient, imo.
What does that even mean?
I can imagine that a specific cpu-implementation of a specific PoW is inefficient, in that it could achieve the same solution rate with significantly less cpu-resources, but how can the concept of cpu mining in general be inefficient?
Memorycoin was fun for awhile, but never profitable for me. CPU mining is too inefficient, imo. Who wants to burn out a cpu on an unprofitable coin, when there are plenty of unprofitable sha coins that can be mined on cheap usb block erupters.
or if you want to do it the lazy way .. pools like ispace.co.uk have a port address for random low diff coins it switches now and then and even with a cpu some coins were mined came out in the 1000's
Any advice on a good alt-coin for CPU only mining?
It is very hard to mine with CPU no matter its an alt coin or not . however. some coins name i found while searching on web are .
1: MemoryCoin
2 : Jackpot coin
3: quazar coin
4: XMR (was good for CPU until the GPU miner came out)
It is also depended on your CPU .. INTEL or Amd ?
any alt coin with a low difficulty!!! im suprised my cpu can still mine on cex.io but with a setting of the difficult @ 8 or 16
Any advice on a good alt-coin for CPU only mining?
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