Well, I appreciate everyone's input and I guess the answer is to find something else to do with the hardware so thanks for your input.
Good luck to all.
Topic: I have LOTS of idle servers, should I mine? (Read 3655 times)
Some CPU coins used to be pretty good profits (PTS) and a few others. Then trade them crap coins into BTC
PTS is almost dead now. I don't know what the CPU coin scene is now, I think FTC moved to an algo which is CPU optimized.
You won't be able to cover power costs imo...renting them out and buying btc is your best bet
Def agree.
mining? unless if you're prepared to lose money coz right now its a bad time to mine BTC the price keeps on gonig down
I can't offer services where people have to log in, access etc, it's too much to maintain for what I have setup. The environment is not built for remote access, it is built only to offload/backup/fail over our hosting business.
We already do hosting, that's why I have the setup.
We already do hosting, that's why I have the setup.
You would make more money going into the hosting business and charging for website hosting than mining 
(or CPU coin mining)
This sounds like a good idea. (or CPU coin mining)I can't think of any CPU only coins off the top of my head right now, but if you could use these servers to offer people a service (ex. VPN) then you might be able to make some money off of them.
You would make more money going into the hosting business and charging for website hosting than mining (or CPU coin mining)
(or CPU coin mining)
You won't be able to cover power costs imo...renting them out and buying btc is your best bet
you can rent your rigs at betarigs and mine cpu coins when your power is not rented.
Leave it idle. For every thousand dollars of energy extra used you will earn one cent worth of bitcoin and the denomination of bitcoin will be so small you wont be able to spend it. Regular computer mining bitcoin died a long time ago. Leave it alone.
Why not use these computational power for computations of BOINC projects? Rosetta@home, Test4Theory@home etc...I am hoping/wanting to put them to good use but also recover some costs. That said, I don't yet know what I will do, just looking for ideas which is why I thought I would post since everyone here is knowledgeable.
The point is that I am already paying for these costs so am looking for something interesting, profitable to some extent. I am not looking for a get rich quick scheme nor do I believe in overnight riches. Just makes sense to look.
Leave it idle. For every thousand dollars of energy extra used you will earn one cent worth of bitcoin and the denomination of bitcoin will be so small you wont be able to spend it. Regular computer mining bitcoin died a long time ago. Leave it alone.
Why not use these computational power for computations of BOINC projects? Rosetta@home, Test4Theory@home etc... Leave it idle. For every thousand dollars of energy extra used you will earn one cent worth of bitcoin and the denomination of bitcoin will be so small you wont be able to spend it. Regular computer mining bitcoin died a long time ago. Leave it alone.
This assumes that he needs to pay for his own electricity, which is not necessarily true. It is hypothetically possible that the OP works for some company when his job is to oversee a large number of servers that happen to be idle (although the ethics of mining with your company's equipment is questionable). The OP could also potentially "mine" bitcoin via mining various altcoins via a multi pool that mines scrypt or x-11 coins that would be substantially more profitable on an electric basis
You might fair ok with CPU coins, server processors perform pretty well it seems like, specially suited to intensive compute. These can be X11 coins like Darkcoin or others based on it, or something like Primecoin or a derivative. Though servers are also power hungry, you may not get back what goes in depending.
Though something much more useful would be hosting Bitcoin Core nodes, P2Pools, and other blockchain apps (though many are for testing only at the moment). There is more to the network than just mining itself, the more nodes the better. A core node and P2Pool can be set up in a few hours if you have any Linux experience.
Though something much more useful would be hosting Bitcoin Core nodes, P2Pools, and other blockchain apps (though many are for testing only at the moment). There is more to the network than just mining itself, the more nodes the better. A core node and P2Pool can be set up in a few hours if you have any Linux experience.
I don't think I would want to host something where many people have to access my network but if it were something where my machines can process and it is mainly just data going in and out of my network, that might be suitable.
I am not too worried about the power costs because I already have to pay for it, whether I do something else with it or not, it still has to be up and running 24/7, year in and out. The connection to this particular network is pretty slow, maybe 2Mbs or so but other than a little down time now and then, it's very reliable, all on UPS, generator, etc.
And yes, I am technical enough to do most things and setting up new things with forums help until I learn it better as well, just like anyone else
.I would not mind knowing more about what I could do with the idle resources. I like having purpose and making a few bucks to recover some of the costs would be nice.
Besides... I like the idea of a democratic currency.
There a huge difference in power usage between a server that is sitting idle and one that is hashing away at an algorithm. Your power bill would increase significantly.
We could use the hash rate on the Monero network.
You might fair ok with CPU coins, server processors perform pretty well it seems like, specially suited to intensive compute. These can be X11 coins like Darkcoin or others based on it, or something like Primecoin or a derivative. Though servers are also power hungry, you may not get back what goes in depending.
Though something much more useful would be hosting Bitcoin Core nodes, P2Pools, and other blockchain apps (though many are for testing only at the moment). There is more to the network than just mining itself, the more nodes the better. A core node and P2Pool can be set up in a few hours if you have any Linux experience.
Though something much more useful would be hosting Bitcoin Core nodes, P2Pools, and other blockchain apps (though many are for testing only at the moment). There is more to the network than just mining itself, the more nodes the better. A core node and P2Pool can be set up in a few hours if you have any Linux experience.
I don't think I would want to host something where many people have to access my network but if it were something where my machines can process and it is mainly just data going in and out of my network, that might be suitable.
I am not too worried about the power costs because I already have to pay for it, whether I do something else with it or not, it still has to be up and running 24/7, year in and out. The connection to this particular network is pretty slow, maybe 2Mbs or so but other than a little down time now and then, it's very reliable, all on UPS, generator, etc.
And yes, I am technical enough to do most things and setting up new things with forums help until I learn it better as well, just like anyone else
.I would not mind knowing more about what I could do with the idle resources. I like having purpose and making a few bucks to recover some of the costs would be nice.
Besides... I like the idea of a democratic currency.
@seriouscoin, it is too bad you see such posts as being negative and what you imply about my interests is completely wrong .
I said nothing about getting rich or having dreams. I only said I have a lot of hardware which for the most part sits idle and I would be interested in doing something fun with it, which perhaps makes me a few dollars. I doubt the return would be so large that it would pay for the costs but the network is always running 24/7 anyhow, with or without generating something.
Therefore, I thought I would ask in the forums because this is the best place to get real, up to date input and ideas. Reading about bitcoins for days would not teach me as much as getting a bunch of responses to a post would in hours.
Thanks to everyone for the input. I will look into hosting and some of the other things mentioned.
.I said nothing about getting rich or having dreams. I only said I have a lot of hardware which for the most part sits idle and I would be interested in doing something fun with it, which perhaps makes me a few dollars. I doubt the return would be so large that it would pay for the costs but the network is always running 24/7 anyhow, with or without generating something.
Therefore, I thought I would ask in the forums because this is the best place to get real, up to date input and ideas. Reading about bitcoins for days would not teach me as much as getting a bunch of responses to a post would in hours.
Thanks to everyone for the input. I will look into hosting and some of the other things mentioned.
CPU mining is not profitable anymore, not even feasible in my view. You might earn more if you rent those servers out.
This is why i think BTC is FAR from being mainstream.... when we keep getting this kind of thread.
Someone always want to jump into btc thinking, its so easy to mine btc. If BTC can be mined with those CPUs do you really think its at the current price level right now? At least learn abit more about BTC economic b4 having this pipe dream of being rich.
Also for all "CPU coin" believers, the only ppl will be "rich" are bots operator. Good luck having that system as a viable currency.
Someone always want to jump into btc thinking, its so easy to mine btc. If BTC can be mined with those CPUs do you really think its at the current price level right now? At least learn abit more about BTC economic b4 having this pipe dream of being rich.
Also for all "CPU coin" believers, the only ppl will be "rich" are bots operator. Good luck having that system as a viable currency.
You might fair ok with CPU coins, server processors perform pretty well it seems like, specially suited to intensive compute. These can be X11 coins like Darkcoin or others based on it, or something like Primecoin or a derivative. Though servers are also power hungry, you may not get back what goes in depending.
Though something much more useful would be hosting Bitcoin Core nodes, P2Pools, and other blockchain apps (though many are for testing only at the moment). There is more to the network than just mining itself, the more nodes the better. A core node and P2Pool can be set up in a few hours if you have any Linux experience.
Though something much more useful would be hosting Bitcoin Core nodes, P2Pools, and other blockchain apps (though many are for testing only at the moment). There is more to the network than just mining itself, the more nodes the better. A core node and P2Pool can be set up in a few hours if you have any Linux experience.
I would mine with those servers some cpu coins, they still can bring you some profit.
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