Is it worth to mine with my old computer - page 5.

horace0812

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Quote from: altcoinhosting on June 22, 2015, 06:39:05 AM

Quote from: horace0812 on June 22, 2015, 06:35:32 AM

Cloudming is not safe is 1 of my concerns too.
Although I won't invest much there.

Btw...I found most ppl saying abt the electric rate, what if free?
coz I just planned to mine in my office...lol

I once tought about mining @ the office to, untill somebody pointed out that you can actually get fired if your employer finds out. Now, i make a lot more in my daytime job than i can ever make while mining, so i decided i wouldn't do it...

In case you do decide to mine in the office: it's possible to make some cash, but don't expect much (with a decent office PC, you can earn a couple dollars per week, if you mine the correct ALTcoin)

so I may just keep my bitcoin jobs, but it really really slow... Sad

altcoinhosting

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Quote from: horace0812 on June 22, 2015, 06:35:32 AM

Cloudming is not safe is 1 of my concerns too.
Although I won't invest much there.

Btw...I found most ppl saying abt the electric rate, what if free?
coz I just planned to mine in my office...lol

I once tought about mining @ the office to, untill somebody pointed out that you can actually get fired if your employer finds out. Now, i make a lot more in my daytime job than i can ever make while mining, so i decided i wouldn't do it...

In case you do decide to mine in the office: it's possible to make some cash, but don't expect much (with a decent office PC, you can earn a couple dollars per week, if you mine the correct ALTcoin)

Herbert2020

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forget about mining bitcoin on your personal computer completely. it is no longer good because of the difficulty and you always have to consider the electricity costs.
you might have a good chance of mining altcoins. but you have to find a good one, preferably new and what has a low difficulty to mine.

horace0812

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Quote from: altcoinhosting on June 22, 2015, 06:28:02 AM

Quote from: horace0812 on June 22, 2015, 06:17:00 AM

O...sad to hear that
I think it is too late to start my BTC career...lol

I also find there is some site offering mine BTC service,
but the break even time is ard 9 months,
is it really hard to take part into the mining BTC nowaday?

I'm pretty new myself, but i can tell you that it's incredibly hard to take part in the mining, at least, if you're in it to make a profit.
If you're in it to learn a thing or two, it's pretty easy. Otherwise you'll need a really good electricity price (<$0.10/kwh) and a big startup capital to even consider it, or you'll lose money every minute your miners are running...

Cloudmining is an option (IMO), to bad there are almost no honest cloudmining companies out there. I heared great things about bit-x, that's why i use them to cloudmine myself... But remember: all the BTC invest in a thirth party CAN get lost!

Cloudming is not safe is 1 of my concerns too.
Although I won't invest much there.

Btw...I found most ppl saying abt the electric rate, what if free?
coz I just planned to mine in my office...lol

Amph

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i think now is the time to invest your time to acquire bitcoin, and not bitcoin itself, every investments is too risky, mining is dead trading is useless with bitcoin, there is no movements and you need to be good at it anyway

altcoin trading is too dangerous, probably worst than any gambling

altcoin mining maybe can give you something, but it is not like the old time, the earning is very low

continue to work with your signature, it is the only way remained for a good profit

altcoinhosting

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Merit: 1006

Quote from: horace0812 on June 22, 2015, 06:17:00 AM

O...sad to hear that
I think it is too late to start my BTC career...lol

I also find there is some site offering mine BTC service,
but the break even time is ard 9 months,
is it really hard to take part into the mining BTC nowaday?

I'm pretty new myself, but i can tell you that it's incredibly hard to take part in the mining, at least, if you're in it to make a profit.
If you're in it to learn a thing or two, it's pretty easy. Otherwise you'll need a really good electricity price (<$0.10/kwh) and a big startup capital to even consider it, or you'll lose money every minute your miners are running...

Cloudmining is an option (IMO), to bad there are almost no honest cloudmining companies out there. I heared great things about bit-x, that's why i use them to cloudmine myself... But remember: all the BTC invest in a thirth party CAN get lost!

horace0812

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Activity: 70

Merit: 10

★YoBit.Net★ 200+ Coins Exchange & Dice

O...sad to hear that
I think it is too late to start my BTC career...lol

I also find there is some site offering mine BTC service,
but the break even time is ard 9 months,
is it really hard to take part into the mining BTC nowaday?

Bitcoininspace

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Hasn't really been worth mining with computers since 2013 Tongue

subSTRATA

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:^)

nope, you will most definitely spend more money paying the electricity bill for running that computer than you will make mining; most mining these days is done with specialized ASIC hardware that provide hundreds of gigahashes/second or even several terahashes/second. in comparison, your 4-5 year old computer will at most be able to provide a couple megahashes a second.

altcoinhosting

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Merit: 1006

Quote from: horace0812 on June 22, 2015, 05:51:03 AM

I have a computer which will not used, however, it is about 4-5 years old already,
is it worth to use it to mine BTC?

If yes, how much will I expect to get in 1 month Huh

Short answer: No
Long answer: Yes, but not much. CPU mining bitcoin is a waste of time and money. As being said before: you'll lose money on the electricity bill.

There are a couple of altcoins, like monero, magi coin (and a couple others), that are CPU-minable, and can give you some return. Chances are slim you'll make more than the energy price, even with those CPU minable coins.

An other option is buying some old USB miners or graphic cards, and hook them up to your PC. But: same old thing, you'll probably pay more for electricity.

Bottom line i've learned: if you cannot invest a couple thousand, and have a good electricity rate, you'll never make money... I do mine myself, but it's only to educate myself, i know i'll never make ROI (return on investment ~ braking even)...

RappelzReborn

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Quote from: horace0812 on June 22, 2015, 05:51:03 AM

I have a computer which will not used, however, it is about 4-5 years old already,
is it worth to use it to mine BTC?

If yes, how much will I expect to get in 1 month Huh

It really dosen't worth it mate; drop it , you probably won't get anything . I asked the same question to people on the beggining of my career on Bitcoin world and they told me to drop it , someone even told me "I can mine with a USB more then you will mine with your PC" (didn't knew what USB he was talking about back then) .
Even if you get something , it will still nothing because - electricity bill > your earnings - which is useless and like you did nothing

horace0812

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Merit: 10

★YoBit.Net★ 200+ Coins Exchange & Dice

I have a computer which will not used, however, it is about 4-5 years old already,
is it worth to use it to mine BTC?

If yes, how much will I expect to get in 1 month Huh

Topic: Is it worth to mine with my old computer - page 5. (Read 6111 times)