Author

Topic: HELP: TOTAL Mining N00b (Read 639 times)

full member
Activity: 196
Merit: 100
June 06, 2013, 12:54:59 PM
#10
I made about 5 Bitcoins from mining my laptop for 2 days in 2010... If only I could go back in time.
You could have a lot more fun than mining BTC if you had a time machine. But there are some risks ... Primer ... http://www.imdb.com/title/tt0390384/
newbie
Activity: 28
Merit: 0
June 06, 2013, 12:17:47 PM
#9
I made about 5 Bitcoins from mining my laptop for 2 days in 2010... If only I could go back in time.
newbie
Activity: 28
Merit: 0
June 06, 2013, 12:05:41 PM
#8
IMO stay out of mining and just go to work and buy Bitcoins, you'll make more.
full member
Activity: 196
Merit: 100
June 06, 2013, 05:44:28 AM
#7
Maybe you should look into that, the budget is a little over $100 though, I believe some are selling for around $200-$300.

The Block Eruptor is currently 2.0BTC, but it will never return that investment over its lifetime. Possibly one on the Klondike group buys would be profitable (look in the Mining/Custom Hardware threads) , but you'' be a latecomer so even that is dubious now.
staff
Activity: 3248
Merit: 4110
June 06, 2013, 05:28:32 AM
#6
Raspberry pi? Well, you could go for the Usb ASIC miners, which are expensive to begin with, and it is a risk, because there will be so many people getting into it.
But, it doesn't take to much power (which doesn't matter to you I suppose) and you can use it on any hardware you like and it will preform at the same rate.

Maybe you should look into that, the budget is a little over $100 though, I believe some are selling for around $200-$300.
full member
Activity: 196
Merit: 100
June 06, 2013, 05:25:12 AM
#5
Is it possible to set up a rig w/a Rasberry Pi?

Take a look here, lots of useful info ... https://bitcointalksearch.org/topic/linux-mining-distro-for-the-raspberry-pi-minepeon-137934
And here too https://bitcointalksearch.org/topic/usb-asic-erupter-setup-config-bcg-miner-cgminer-hubs-oh-pi-220905

But don't bother cpu mining, 200kHash/sec (yes kilo-hash) max (even with overclocking). Just mining dust (probably won't even reach the minimum pool payout threshold over its entire life).
member
Activity: 114
Merit: 10
June 06, 2013, 01:05:32 AM
#4
You know that might be crazy enough to try actually. You could get a "Block Erupter"(Just google it haha) and plug it in the Pi if it has the USB port. But, a decent card to get you started in altcoin mining(alternative cryptocurrencies) would be a 5830 or even a 5850 if you can find it @ $100.
legendary
Activity: 896
Merit: 1000
June 05, 2013, 11:31:57 PM
#3
Is it possible to set up a rig w/a Rasberry Pi?
newbie
Activity: 42
Merit: 0
June 05, 2013, 09:13:42 PM
#2
Hi everybody,
Well I have been immersed in the world of bitcoins for years now, I never got into the mining side of it. All I have is a general understanding of how it works.
Anyways, I'm moving into a new place soon (free electricity!) so I was wondering about setting up a rig. I don't want to spend a ton ($100 or less). I don't need it to do a ton, either-I'm just looking at it as whatever it produces are bitcoins I wouldn't have had otherwise. Which brings me to my next question-is it smarter to mine litecoins?
I have a MacBook Pro for personal use and DO NOT want to use it at all for mining. Is there anyway I could mine using a Rasberry Pi?
I appreciate any help/advice. Excited to get into this.
If you are on a small budget like you I would recommend alt coins because their difficulty is much lower but be careful of all the dozens of new coins coming out. I personally would recommend Litecoin as it is somewhat stable and pretty profitable. I mine it and I pay 14c Kw/H.
legendary
Activity: 896
Merit: 1000
June 05, 2013, 08:42:12 PM
#1
Hi everybody,
Well I have been immersed in the world of bitcoins for years now, I never got into the mining side of it. All I have is a general understanding of how it works.
Anyways, I'm moving into a new place soon (free electricity!) so I was wondering about setting up a rig. I don't want to spend a ton ($100 or less). I don't need it to do a ton, either-I'm just looking at it as whatever it produces are bitcoins I wouldn't have had otherwise. Which brings me to my next question-is it smarter to mine litecoins?
I have a MacBook Pro for personal use and DO NOT want to use it at all for mining. Is there anyway I could mine using a Rasberry Pi?
I appreciate any help/advice. Excited to get into this.
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