Topic: I inherited miners. Looking for my best option. (Read 1241 times)

try to sell those butterfly lab items as collectibles


http://www.ebay.com/itm/Butterfly-Labs-BFL-Single-SC-60-GH-ASIC-Miner-Partial-POWER-SUPPLY-/112354805921?


http://www.ebay.com/itm/lot-of-3-Butterfly-labs-60-GH-Bitcoin-1-30GH-/192140283082?



then get this


http://www.ebay.com/itm/Bitmain-AntMiner-S3-453Gh-s-SHA-256-ASIC-Bitcoin-Miner-with-HP-Power-Supply-/292067960461?


or a few of these


http://www.ebay.com/itm/Bitmain-AntMiner-S1-Dual-Blade-180-GH-s-ASIC-Bitcoin-Miner-/182475403068?

Yes, I remember them, too. The first srypt asics (forgot the name) which were usb-sticks
were able to mine sha and scrypt at the same time. But nobody did it, it was just much
more profitable to mine only scrypt.

i think they should really make more dual mode asic, that can mine both sha and scrypt or whatever, in this way the miner have more option and it's not stuck with one

in the past there were this kind of asic, but they were very limited and not competitive, right now with antminer you can only mine bitcoin with profit, there are other sha 256 coins like terracoin but they have a lower profit

If you are not paying for electricity and bandwidth than maybe you can buy a rasberry pi (so that you won’t have your computer open all the time) and point your miners on a multipool that selects the most profitable coin at each time.

That way you make sure you are mining the most profitable coin at all times, since you have no expense, there is no risk of losing Money at all that way.

There aren't a lot of good SHA256 altcoins to be mining with ASICs.  I would just put them to work on Bitcoin, you won't actually earn very much but it'll be easy and consistent.

Without electricity costs though Bitcoin mining is an amazing investment though so you should go all in and get an S9 or something.  You'd probably get ROI before the warranty even wears off.

Bare in mind that I do not pay for electricity or bandwidth. All rigs mentioned below were inherited or already owned. I did have spend some money on a PSU and supplies for getting everything up and running, a total of around $100. Well worth it just for the hobby of doing it.

I recently got into mining and I was very interested in Monero. I'm currently mining monero with every CPU, GPU I already had access too. Averaging $2-3 a day at current rates and having fun while doing so.

My main issue right now is what to do with these 3x ASIC butterfly lab 50GH/s bricks I inherited from my friend. He said he would use them if he had time but in an apartment with babies they make too much noise. Please spare me the jokes about how they are better served as space heaters lol. I totally see why, but in all honesty given my situation, there is hardly an initial investment to have these doing work other than the time setting them up.

What would be my best option on using 3x ASIC miners with a total of 150 GH/s other than causing me a heat stroke in my basement? I understand they only work with SHA256 coins, so answers could involve a certain coin that might make profit in the long run. Ive put them to use for PeerCoin at the moment, but with that price so low and the hardware only getting 0.1 ppc a week, im not so sure. Somebody from peercoin.ecoining.com's chat mentioned I should just solo mine and pray for lottery in hopes to get an entire block. I'm open to this as well since I wont pay to keep them running. But if solo mining, which sha256 coin would yield the best reward:difficulty ratio? I could also just pray extra hard and solo mine BTC.

Solo/lottery vs. pool vs. sha256 multipool?
bitcoin vs. continue peercoin vs. an easier, upcoming altcoin?
Mod/Reprogram asic miners for other altcoin mining? (I have necessary skills if this is even possible)

Give it to me straight guys. Appreciate your responses. Good luck out there