Topic: Hey i new and i need some help (Read 1173 times)
IMO, Bitcoin mining is not worth the effort. Even if you earn a few hundred USD worth of coins as a result of mining, your system will get fried after a few months and you will incur huge loses trying to replace it.
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
You can make some good profit by just simply holding those coins and wait for the value to rise. One of the safest methods of growing your money. With those ASICs, I don't think you will see even a slightest bit of ROI. Take the difficulty rises, the energy consumption, and the hashrate of your miners. The current mining scheme is only suitable for those who have enough $$$ to build a mining farm and collect some good profits. Those mining farms are also well-designed so as to maximize their profit and not suffer loss.
1. Buy bitcoins.
2. HODL.
3.
4. Profit.
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
The Antminer U2 has a hash rate of 2 GH/s. At the current difficulty, it will generate about .00002 BTC (about $0.005) per day. If you bought it for $30, it will be 16 years before it pays for itself.
The miner uses 3 W. Assuming your electricity costs $0.10/kWH, it will cost $0.007 per day in electricity. It doesn't generate enough bitcoins to pay for the electricity.
but not to expesive
If you live in UK you could come and collect my retired S1's for free. Complete with PSUs. Got 6 of them
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
The Antminer U2 has a hash rate of 2 GH/s. At the current difficulty, it will generate about .00002 BTC (about $0.005) per day. If you bought it for $30, it will be 16 years before it pays for itself.
The miner uses 3 W. Assuming your electricity costs $0.10/kWH, it will cost $0.007 per day in electricity. It doesn't generate enough bitcoins to pay for the electricity.
Actually even with free electricity, it will probably never pay for itself. You also have to take difficulty increases into account.
USB miners are unique in that the only realistic way to profit from one is to obtain one for free and mine with free electricity. And even then, it's unlikely that you will ever reach the pool's minimum payout threshold.
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
The Antminer U2 has a hash rate of 2 GH/s. At the current difficulty, it will generate about .00002 BTC (about $0.005) per day. If you bought it for $30, it will be 16 years before it pays for itself.
The miner uses 3 W. Assuming your electricity costs $0.10/kWH, it will cost $0.007 per day in electricity. It doesn't generate enough bitcoins to pay for the electricity.
but not to expesive
First question I would ask is what is your electricity rate? This helps decide what miner's you will be able to use.
But yes you will have to spend quite a bit more the the usb sticks to get a miner that you have chance of roi. Usb stick mineres are a novelty at this point.
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
The Antminer U2 has a hash rate of 2 GH/s. At the current difficulty, it will generate about .00002 BTC (about $0.005) per day. If you bought it for $30, it will be 16 years before it pays for itself.
The miner uses 3 W. Assuming your electricity costs $0.10/kWH, it will cost $0.007 per day in electricity. It doesn't generate enough bitcoins to pay for the electricity.
but not to expesive
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
The Antminer U2 has a hash rate of 2 GH/s. At the current difficulty, it will generate about .00002 BTC (about $0.005) per day. If you bought it for $30, it will be 16 years before it pays for itself.
The miner uses 3 W. Assuming your electricity costs $0.10/kWH, it will cost $0.007 per day in electricity. It doesn't generate enough bitcoins to pay for the electricity.
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
Trading bitcoin the best way if you want buy bitcoin, buy/sell bitcoin with ladder scheme(i call like that), buy and sell with little pips(i means profit when you buy or sell), almost same like scalping technique(in trading forex).
~iki
i don't think suggesting him to trade is a good idea, he don't even know what trading is
it's better for him to boost is activity and join a campaign
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
Trading bitcoin the best way if you want buy bitcoin, buy/sell bitcoin with ladder scheme(i call like that), buy and sell with little pips(i means profit when you buy or sell), almost same like scalping technique(in trading forex).
~iki
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
You'll make profits if you think they will rise in value.
if you really want to go asic, better go with scrypt asic, that usb isn't powerful anyway
hub with 10 port, would be better
hub with 10 port, would be better
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
The times of profitable mining have long past, you will never get ROI unfortunately.
Best to take the advice of hugs1BTC a simply buy bitcoin instead of wasting your time and energy with 2 antminers.
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
but i want to make profithow am i making profit by buying bitcoins ?
These ASICs are way too old to be useful today. Just buy some Bitcoins, it's a much better investment!
i want to start mining with 2 Antminers U2
1. what should i mine ?
2.how to know what pool should i join ?
3.any usb hub will fit ? this one good ? http://www.ebay.com/itm/7-Port-Switch-USB-2-0-High-Speed-HUB-W-EU-Power-Adapter-For-Laptop-PC-Notebook-/281339201535?pt=LH_DefaultDomain_15&hash=item41811f87ff
4.is it slowing your pc ?
1. what should i mine ?
2.how to know what pool should i join ?
3.any usb hub will fit ? this one good ? http://www.ebay.com/itm/7-Port-Switch-USB-2-0-High-Speed-HUB-W-EU-Power-Adapter-For-Laptop-PC-Notebook-/281339201535?pt=LH_DefaultDomain_15&hash=item41811f87ff
4.is it slowing your pc ?
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