Topic: Is it worth it? (Read 1520 times)
Mh to Electric usage is key. Its almost always worth it to mine or we would not be spending millions to do it.
Heheh, my rig is so loud, and it literally doubled as a space heater in the winter. A space heater that rose the bill, a trifle sum... 
But I will look into setting up a mining rig (Possibly/probably part-time, given the lack of a hard drive in the system for it to be useful for much more). I also will try and learn a bit more about getting efficient speeds but a slightly more economical footprint. The GPU is looking to be the most important aspect of a mining rig, at this point. I'm now just wondering what I could do after that... But it'll be worth the ride anyways.
But I will look into setting up a mining rig (Possibly/probably part-time, given the lack of a hard drive in the system for it to be useful for much more). I also will try and learn a bit more about getting efficient speeds but a slightly more economical footprint. The GPU is looking to be the most important aspect of a mining rig, at this point. I'm now just wondering what I could do after that... But it'll be worth the ride anyways.
Is it worth it for people with low hash speeds to bitcoin mine?
I'm thinking if you live somewhere cold, it's definitely worth it during wintertime! That way the electricity you're burning off (probably at a loss) warms your toes.
Just for fun, I have a Mac Pro with its stock GPU cranking away a massive 5 Mh/s... I joined a pool and it looks like after a week I've earned one bitcoin dime! (.01 BTC)
But boy are my toes warm.
That's what pools are for.
I agree as well... electricity costs is the main factor (in Germany around €0,23/kWh)...
AND luck !
If you find a block just after a few days of mining with 100MH, everything is ok
After mining for a month or two with 1GH and not finding one, you might get frustrated...
AND luck !
If you find a block just after a few days of mining with 100MH, everything is ok
After mining for a month or two with 1GH and not finding one, you might get frustrated...
I agree as well... electricity costs is the main factor (in Germany around €0,23/kWh)...
AND luck !
If you find a block just after a few days of mining with 100MH, everything is ok
After mining for a month or two with 1GH and not finding one, you might get frustrated...
AND luck !
If you find a block just after a few days of mining with 100MH, everything is ok
After mining for a month or two with 1GH and not finding one, you might get frustrated...
https://en.bitcoin.it/wiki/Comparison_of_mining_pools
If you're a fan of bitcoin, stay away from the top 3 pools and choose some smaller one to reinforce network security Good luck!
If you're a fan of bitcoin, stay away from the top 3 pools and choose some smaller one to reinforce network security
Good luck!
Ah yes, a mining pool. I'll look into that. And starting off with something midrage (300-500 MHash/sec) would be much easier.
It's always worth it you are fascinated about the bitcoin technology and want to be a part of it! What can be better than enhancing the network security?
Run a bitcoin node, mine solo or on a small pool and make the network stronger!
Run a bitcoin node, mine solo or on a small pool and make the network stronger!
The electricity costs is terrible...
Mh to Electric usage is key. Its almost always worth it to mine or we would not be spending millions to do it.
I have approximately 2.5-2.6 G/hashes between my systems. I can reasonably expect to average 1.5ish BitCoins per day. You would be lucky to get 0.5% of my hashrate, even with one of the best 4000 series video cards. I don't intend to discourage you, but unless you have a 5700/6700 series or higher it's probably not worth the cost of electricity and you could expect to lose money in most places (depends on your electricity rates).
Righto! So hunting down a new card, it is then.
Thanks!
Would such cards stuck into a cheap system, such as a custom built Sempron, slow things down any? I mean, its the card alone that needs to do all the work, right?
Still profitable where I live in Ontario, Canada... but only because I have already paid my hardware off at this point.
In the UK with the recent energy prices increases on the major suppliers (were we're talking upwards of 0.15p / kWh) its not profitable the 160MH/s that I'm getting
Don't forget to factor in electricity prices.
Here in Australia, at $0.26/kwh it is not profitable with my 170mh/s (ATI 5770).
Here in Australia, at $0.26/kwh it is not profitable with my 170mh/s (ATI 5770).
If you are lookin to see how much you will make with your current card you can look it up here:
https://en.bitcoin.it/wiki/Mining_hardware_comparison
Find your card and put you hash rate into:
http://www.alloscomp.com/bitcoin/calculator.php
You can look up exactly what card you have with:
http://www.ozone3d.net/gpu_caps_viewer/
I myself get a very low hash rate. Equals out to be 14$/month with the current exchange rate. I ended up hooking up all my computers in the house to mine. I'll end up with about 45$ a month which isn't really to bad will be enough to get another video card soon. I already have plans to build a new rig. -_- damn you bitcoin you are addicting. There is a nice hardware guide out there if your interested I can post up a link.
https://en.bitcoin.it/wiki/Mining_hardware_comparison
Find your card and put you hash rate into:
http://www.alloscomp.com/bitcoin/calculator.php
You can look up exactly what card you have with:
http://www.ozone3d.net/gpu_caps_viewer/
I myself get a very low hash rate. Equals out to be 14$/month with the current exchange rate. I ended up hooking up all my computers in the house to mine. I'll end up with about 45$ a month which isn't really to bad will be enough to get another video card soon. I already have plans to build a new rig. -_- damn you bitcoin you are addicting. There is a nice hardware guide out there if your interested I can post up a link.
I myself have been sitting on a slightly old, but fairly up to speed rig; a good CPU (AMD Phenom 4X) but clearly the GPU is where it is on the mining scene, and the best I've got is an HD 4XXX series card (I forgot the specific model #). If I get such a rig setup w/ say, that custom linux distro for mining, could I get my system working well enough to get a bitcoin or a few every week? Or would I have to hunt down a stronger card?
I have approximately 2.5-2.6 G/hashes between my systems. I can reasonably expect to average 1.5ish BitCoins per day. You would be lucky to get 0.5% of my hashrate, even with one of the best 4000 series video cards. I don't intend to discourage you, but unless you have a 5700/6700 series or higher it's probably not worth the cost of electricity and you could expect to lose money in most places (depends on your electricity rates).
I myself have been sitting on a slightly old, but fairly up to speed rig; a good CPU (AMD Phenom 4X) but clearly the GPU is where it is on the mining scene, and the best I've got is an HD 4XXX series card (I forgot the specific model #). If I get such a rig setup w/ say, that custom linux distro for mining, could I get my system working well enough to get a bitcoin or a few every week? Or would I have to hunt down a stronger card?
True is it 14$ I wouldnt have had. I'm just not sure its worth it to run my computer all the time. I'm kinda worried about the longevity of my video card too. It is actually pretty fun to see how many its made even if it is only 0.02btc.
If your computer can do it, then why not? But, if you are looking to spend money on a rig, though, I would instead just spend that money on bitcoins right now. Bitcoin prices are only going to go up in the long run, and getting as many as you can right now is the best strategy IMO.
Awww come on, its much more fun to "grow" your own!
If you'd like to decrease difficulty you'd either would have to make a successful FUD campaign or screw difficulty and work on a new technology...
If your computer can do it, then why not? But, if you are looking to spend money on a rig, though, I would instead just spend that money on bitcoins right now. Bitcoin prices are only going to go up in the long run, and getting as many as you can right now is the best strategy IMO.
Awww come on, its much more fun to "grow" your own!
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