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Topic: Is good? (Read 1546 times)

hero member
Activity: 518
Merit: 500
Trust me!
August 07, 2014, 05:45:48 PM
#25
It seems mining altcoins (Scrypt) and Bitcoin is not profitable anymore.
You have to buy some Hardware to get some real profit.

So you're saying that mining Bitcoin or Altcoins isn't profitable anymore, yet you suggest to buy hardware in order to mine and make some profit!? That doesn't compute... If mining Bitcoin or altcoins isn't profitable anymore, how can it be profitable to buy hardware in order to do exactly that?
hero member
Activity: 873
Merit: 1007
August 07, 2014, 02:54:34 PM
#24
It seems mining altcoins (Scrypt) and Bitcoin is not profitable anymore.
You have to buy some Hardware to get some real profit.

If you buy dedicated hardware the manufacturer makes the profit and sells you a device that may not even break even but it's not their problem.
hero member
Activity: 644
Merit: 500
August 07, 2014, 02:51:55 PM
#23
It seems mining altcoins (Scrypt) and Bitcoin is not profitable anymore.
You have to buy some Hardware to get some real profit.
hero member
Activity: 543
Merit: 500
August 07, 2014, 11:17:22 AM
#22
i found it:
http://www.ebay.it/itm/ZEUS-BLIZZARD-Scrypt-Miner-1-6-MH-s-litecoin-LTC-DOGE-FTC-alimentatore-e-USB-/251605710343?pt=Altre_Schede_per_PC_e_Server&hash=item3a94de7607&_uhb=1
1.6 Mhz for litecoin
according to https://bitcoinwisdom.com/litecoin/difficulty
i get at this speed i get 1.977..
it's good?
it's cost 99€,
1 litecoin is 5€
2 litecoin at mounth = 10€
1 year = 120€ Cheesy
So you maybe make an ROI.

Do you even know how to set it up?

Plus, you earn only $21 for the first year, assuming difficulty DOESN'T increase further from where it is.

In reality, you may make about $3 the first year, then $1, then $0.50...

Exactly, you have forgotten to consider the rising difficulty.

https://bitcoinwisdom.com/litecoin/difficulty
Right now, the litecoin difficulty is about 24.5K.
3 months ago, it was about 7K.
6 months ago, it was just 3K.
newbie
Activity: 42
Merit: 0
August 07, 2014, 06:27:38 AM
#21
Too slow to be worth it  Embarrassed
legendary
Activity: 1862
Merit: 1009
August 06, 2014, 08:10:01 PM
#20
It is bad, really bad. Outdated USB miners from almost one year ago can make 300M hash each, for example.

Put the number in the profitability calculator and see by yourself you bad it is:

http://www.bitcoinx.com/profit/
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
August 06, 2014, 07:21:26 PM
#19
i found it:
http://www.ebay.it/itm/ZEUS-BLIZZARD-Scrypt-Miner-1-6-MH-s-litecoin-LTC-DOGE-FTC-alimentatore-e-USB-/251605710343?pt=Altre_Schede_per_PC_e_Server&hash=item3a94de7607&_uhb=1
1.6 Mhz for litecoin
according to https://bitcoinwisdom.com/litecoin/difficulty
i get at this speed i get 1.977..
it's good?
it's cost 99€,
1 litecoin is 5€
2 litecoin at mounth = 10€
1 year = 120€ Cheesy
So you maybe make an ROI.

Do you even know how to set it up?

Plus, you earn only $21 for the first year, assuming difficulty DOESN'T increase further from where it is.

In reality, you may make about $3 the first year, then $1, then $0.50...

And that's why I'd normally advise newbies to directly buy bitcoin. It's easier and you get a greater potential for profit than mining 24/7/365 (which is practically impossible). Plus less effort. Unless ofcourse you want to mine for fun, and chase down each coin release.
legendary
Activity: 1218
Merit: 1007
August 06, 2014, 06:25:19 PM
#18
i found it:
http://www.ebay.it/itm/ZEUS-BLIZZARD-Scrypt-Miner-1-6-MH-s-litecoin-LTC-DOGE-FTC-alimentatore-e-USB-/251605710343?pt=Altre_Schede_per_PC_e_Server&hash=item3a94de7607&_uhb=1
1.6 Mhz for litecoin
according to https://bitcoinwisdom.com/litecoin/difficulty
i get at this speed i get 1.977..
it's good?
it's cost 99€,
1 litecoin is 5€
2 litecoin at mounth = 10€
1 year = 120€ Cheesy
So you maybe make an ROI.

Do you even know how to set it up?

Plus, you earn only $21 for the first year, assuming difficulty DOESN'T increase further from where it is.

In reality, you may make about $3 the first year, then $1, then $0.50...
full member
Activity: 182
Merit: 100
August 06, 2014, 05:38:46 PM
#17
It is a waste of time and hardware to mine scrypt with a laptop.
sr. member
Activity: 307
Merit: 250
et rich or die tryi
August 06, 2014, 09:25:40 AM
#16
Unless you get free power then god no, even if you mined on multipools you will make very little money.
You are better off investing really.
sr. member
Activity: 378
Merit: 250
August 06, 2014, 08:05:32 AM
#15
with cudaminer i get 22-25 khash/s with a nvidia gt 540M...
is that good? how can i improve it?

Stop it, you're only wasting time and energy.

Agree, unless he have free energy...
newbie
Activity: 56
Merit: 0
August 06, 2014, 07:59:18 AM
#14
Convert that money on any exchange for btc and you will gain much more $...
sr. member
Activity: 247
Merit: 250
August 06, 2014, 07:54:58 AM
#13
i found it:
http://www.ebay.it/itm/ZEUS-BLIZZARD-Scrypt-Miner-1-6-MH-s-litecoin-LTC-DOGE-FTC-alimentatore-e-USB-/251605710343?pt=Altre_Schede_per_PC_e_Server&hash=item3a94de7607&_uhb=1
1.6 Mhz for litecoin
according to https://bitcoinwisdom.com/litecoin/difficulty
i get at this speed i get 1.977..
it's good?
it's cost 99€,
1 litecoin is 5€
2 litecoin at mounth = 10€
1 year = 120€ Cheesy
legendary
Activity: 1134
Merit: 1002
August 04, 2014, 03:25:02 PM
#12
if i mining litecoin?

You can't mine litecoin with this USB. Litecoin has a different mining algo than bitcoin.

Litecoin - scrypt

Bitcoin - SHA256
oh, xD
thank for your help, there is an usb for litecoin?

There are scrypt USB miners (eg. https://bitcointalksearch.org/topic/ann-introduction-to-dualminer-usb-could-mine-both-btc-and-ltc-409756), but you shouldn't buy it if you are looking for profit.
Try to check the expected profit/loss with a mining calculator (bitcoin: https://bitcoinwisdom.com/bitcoin/calculator & litecoin: https://bitcoinwisdom.com/litecoin/calculator)
hero member
Activity: 635
Merit: 500
BlasterKVs the king of xbox modding
August 04, 2014, 02:44:51 PM
#11
don't waste your time and energy to mine big coins

you can try mining when a new coin launched
but don't think about bitcoin or litecoin with this hardware
sr. member
Activity: 247
Merit: 250
August 04, 2014, 02:42:53 PM
#10
if i mining litecoin?

You can't mine litecoin with this USB. Litecoin has a different mining algo than bitcoin.

Litecoin - scrypt

Bitcoin - SHA256
oh, xD
thanks for your help, there is an usb for litecoin?
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
August 04, 2014, 02:38:46 PM
#9
if i mining litecoin?

You can't mine litecoin with this USB. Litecoin has a different mining algo than bitcoin.

Litecoin - scrypt

Bitcoin - SHA256
sr. member
Activity: 247
Merit: 250
August 04, 2014, 02:36:31 PM
#8
According to https://bitcoinwisdom.com/bitcoin/difficulty it would mine 0.1574 USD a month. Unless you want to mine just for fun, I wouldn't recomend this. What about buying bitcoin directly?
and what if i mine litecoin? i will have better profits? or it's the same thing?
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
August 04, 2014, 02:34:07 PM
#7
According to https://bitcoinwisdom.com/bitcoin/difficulty it would mine 0.1574 USD a month. Unless you want to mine just for fun, I wouldn't recomend this. What about buying bitcoin directly?
member
Activity: 64
Merit: 10
August 04, 2014, 02:33:59 PM
#6
Please read up on mining some more as you're just going to waste your time and money otherwise.
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