mine Bitcoin with a high end laptop - page 2.

Learn Bitcoin

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Quote from: FP91G on August 20, 2024, 07:37:23 AM

$0.30-0.35 profit per day from a laptop will be a very bad deal when it costs $1000. $110-130 profit per year and you still need to have electricity at a price of 5 cents. Such profit cannot be used as pocket money, or only once a year, if the laptop does not break.

Yeah. I have to agree with you and Stompix. But you know, there are some peoples who does not really cares about their laptops, desktops because either they did not buy it and got it as a gift from their parents, or it's their office laptop or desktop which they are going to use. So, they do not really cares if it's a big deal or not. They might need some extra money no matter how it comes. I often see teenagers use their devices like it's worth nothing. They do not really care if it will break or something. They will get a new one from their parents. But yeah, If you compare to the investment, it does not worth mining with a laptop.

FP91G

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Quote from: Learn Bitcoin on August 20, 2024, 12:57:44 AM

Well, OP, you got some correct answers already. However, I would like to add some perspectives that are different from others.
While it's impossible to mine Bitcoin with CPU and GPU anymore, you can get your rewards in Bitcoin by mining other coins. I remember many people mined ETH when it was POW, and they got their payment in Bitcoin using Nicehash. You can still use Nicehash if you want.

If your laptop has a dedicated graphics card, you may find some minable algorithms. A quick search from whattomine.com shows that if you have a 3070, you can mine the ZelHash algorithm and make $0.35 a day after the electricity cost. This is not much, but surely you can use it as pocket money.

$0.30-0.35 profit per day from a laptop will be a very bad deal when it costs $1000. $110-130 profit per year and you still need to have electricity at a price of 5 cents. Such profit cannot be used as pocket money, or only once a year, if the laptop does not break.

stompix

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Quote from: Learn Bitcoin on August 20, 2024, 12:57:44 AM

If your laptop has a dedicated graphics card, you may find some minable algorithms. A quick search from whattomine.com shows that if you have a 3070, you can mine the ZelHash algorithm and make $0.35 a day after the electricity cost. This is not much, but surely you can use it as pocket money.

Probably a daily anomaly, either the price pumped or the hash rate moved away from the coin, both NH and WTM show a 38cents income, so even if you play with 5cents per kwh you will end up with 16 cents, I don't know the power specific for laptop/desktop video card but mining with a laptop means you're going to have also CPU consumption, and those 16 cents are for 24/7.
$60 a year for a laptop that is worth at least $1000 is really, really a bad deal.

Learn Bitcoin

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Well, OP, you got some correct answers already. However, I would like to add some perspectives that are different from others.
While it's impossible to mine Bitcoin with CPU and GPU anymore, you can get your rewards in Bitcoin by mining other coins. I remember many people mined ETH when it was POW, and they got their payment in Bitcoin using Nicehash. You can still use Nicehash if you want.

If your laptop has a dedicated graphics card, you may find some minable algorithms. A quick search from whattomine.com shows that if you have a 3070, you can mine the ZelHash algorithm and make $0.35 a day after the electricity cost. This is not much, but surely you can use it as pocket money.

philipma1957

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well small mining with free power does happen.

my Modified t21 burns 72 k-watts a day.

it uses 1 phase 230 volt power and on my settings does 160th. that is 8 bucks a day earned.

part of my work involves solar.

in New Jersey solar has both fed and state legal kickbacks.

A typical home owner can fit 40 x 400 watt panels that is a 16kwatt system. which is a constant 3.2 kwatts gridtied average

the power company will not approve that if you burn only 2kwatts constant. they will drop you to around 30 4000 watt panels.

I bring in the t21 run it for 6 months and you will qualify for the bigger system.

The limit is on average 3kwatt asic for a home owner.

A business may do 2-3-4 or more if they have bigger roof space.

So we have 2-6 units running around the state. these just earn and the only cost was buying them.

so they make more per unit than any unit at a big place.

stompix

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Quote from: MeGold666 on July 05, 2024, 01:30:06 PM

Serious question: How old are you ? am I talking to a 13 year old kid ? what is this ?
If you still didn't get it, it's a rhetorical question.
/over&out.

Nope, you're talking to an actual miner!
So, what's your actual experience in the field? Grin

Plenty of people out there still mining with what you say it's junk and still making more than your companies who have to beg for investments, issue debt and pay hundreds of thousands to employees to keep it running! You can have the latest models at half price, if you pay 6 cents per kwh a guy with 2 cents and running two s19 in his bedroom will make more per the than that said company!

Again, understand that there are different scenarios out there, and your assumption of cheap energy being associated with living in a tent surrounded by a pack of lions ..we'll...is a telling sign you need to go out more. Wink

MeGold666

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Quote from: stompix on July 05, 2024, 12:22:42 PM

Quote from: MeGold666 on July 04, 2024, 02:26:36 AM

Do not buy ASIC, you will never get your ROI (Return Of Investment).
Especially if it's not the latest hardware, anything older than "latest" is a worthless scrap that some people try selling like if it's worth something. It's not.
~
Big mining companies struggle to get their ROI and have been mining at a loss for some time - reason they are replacing ASIC's for HPC and switching to AI training.
Hint: it's not only the kWh cost! the whole infrastructure costs a lot of money to maintain.

You just destroyed your own argument!
Private small miners don't have to care about infrastructure as you don't need the same thing for a 30kw draw as for a 400MW farm, and everything is pretty scalable from scratch when you're a small two fans fan and one room would be enough, you won't have rent, you won't have maintenance guys, you won't have an accountant to care about and pay.

You have dirt cheap energy or even free one, you're better than the best farm by exactly buying and running scrap.

I thought it's a common knowledge and a logic thing to understand that big mining operations scale a lot better than small miners Grin

I wrote about infrastructure costs just as a side note, small miners always overpay due to the fact that this big companies have better deals, earn a lot more with latest hardware and then sell it to idiots who still want to mine with this now outdated junk.

Of course, if you live in a third-world country where people starve and don't have water to clean their bottoms then sure, go ahead and buy it and mine with it on your unstable electric line.

Cool

Serious question: How old are you ? am I talking to a 13 year old kid ? what is this ?
...
If you still didn't get it, it's a rhetorical question.

/over&out.

stompix

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Quote from: MeGold666 on July 04, 2024, 02:26:36 AM

Do not buy ASIC, you will never get your ROI (Return Of Investment).
Especially if it's not the latest hardware, anything older than "latest" is a worthless scrap that some people try selling like if it's worth something. It's not.
~
Big mining companies struggle to get their ROI and have been mining at a loss for some time - reason they are replacing ASIC's for HPC and switching to AI training.
Hint: it's not only the kWh cost! the whole infrastructure costs a lot of money to maintain.

You just destroyed your own argument!
Private small miners don't have to care about infrastructure as you don't need the same thing for a 30kw draw as for a 400MW farm, and everything is pretty scalable from scratch when you're a small two fans fan and one room would be enough, you won't have rent, you won't have maintenance guys, you won't have an accountant to care about and pay.

You have dirt cheap energy or even free one, you're better than the best farm by exactly buying and running scrap.

avikz

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Quote from: windrunnersylvanas on May 23, 2024, 08:35:20 AM

I am completely new to this mining lesson and have not even started yet. Is that possible to mine bitcoin with a high-end laptop or a pc? have anyone tried it and is that profitable?

Not at all! You will only end up burning your laptop. Bitcoin mining requires specialized mining equipments.

If you have already purchased a laptop for yourself then look for some CPU mineable coins like XMR. There you still have a chance to make some money. But with Bitcoin mining, you won't make a dime. Rather end up paying a huge electricity bill and a huge laptop repairing bill.

JayDDee

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Mining anything on a laptop is a bad idea, it isn't designed or able to dissipate that much heat.
ASICs are the only viable way to mine Bitcoin and many other of the major altcoins.
Some altcoins can be mined competively with a desktop GPU or CPU depending on the algorithm used.

Although technically possible to mine most coins, including bitcoin, on a CPU or GPU, it isn't competitive
if an ASIC exists.

Being competitive doesn't mean it's profitable, it just means you have the same chance as everyone else.

MeGold666

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Quote from: paid2 on July 03, 2024, 03:35:40 PM

Do you think the thousands of ASICs that are currently hashing all over the world are unprofitable?

Big mining companies struggle to get their ROI and have been mining at a loss for some time - reason they are replacing ASIC's for HPC and switching to AI training.
Hint: it's not only the kWh cost! the whole infrastructure costs a lot of money to maintain.

My suggestion was for typical consumer here (from a civilized world), I'm not prohibiting you from buying one. Wink

Here's a nice calculator if anyone is interested in ASIC mining, just don't forget to put cost of the ASIC in the field and modify power costs, etc:
https://www.minerlist.com/coin/bitcoin/calculator

Cheers!

paid2

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Quote from: MeGold666 on July 03, 2024, 07:01:11 AM

Do not buy ASIC, you will never get your ROI (Return Of Investment).

This is the dumbest thing I've read on the forum today!
How can you make a general law about using ASICs? Don't you think it depends on your available infrastructure and your electricity cost?
If you had the space and pay electricity at $0.01 per kwh, would you still say that "you will never get your ROI" with ASICs?

Do you think the thousands of ASICs that are currently hashing all over the world are unprofitable?

MeGold666

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You can mine other cryptocurrency and then trade it to Bitcoin.

Just be sure to use compressed air once a month to clean radiators from the accumulated dust and once a year replace thermal-paste and you'll be fine.
I've been mining for almost 10 years now as a hobby and my 3 laptops are fine, mining 24/7.

It's also good to remove the battery if you're planning to mine 24/7.
You can also undervolt and put some cooling pad, but I've been running fine without this mods - my ambient temps are around 21 degree.

People who say you will "ruin your laptop" are just repeating what they've heard and it's not true.

Do not buy ASIC, you will never get your ROI (Return Of Investment).
Especially if it's not the latest hardware, anything older than "latest" is a worthless scrap that some people try selling like if it's worth something. It's not.

bitvestorhacked

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The topic should be called, Ruin your laptop mining bitcoins, very bad idea trying to mine bitcoin with your laptop not only are you gonna waste your time but as you have said a high end laptop that probably wont be cheap, so you will learn an expensive lesson mining bitcoin with your high-end laptop.

kezyskie71

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Quote from: _act_ on May 23, 2024, 08:43:20 AM

No. If you want to mine bitcoin, you need to read about ASICs which are the mining machines used for bitcoin mining since many years ago. If you mine with laptop, it will not be profitable for you because the CPU hashrate will be very small. You can research about Bitmain Antminers which can be a good start.

Read the OP of this pinned thread: BITCOIN MINING INTRO & RULES OF THIS SUBFORUM - READ BEFORE POSTING

Starting mining on a high end laptop should not be done as it will only waste your time and put your laptop down due to its light CPU, as you do research on Bitmain Antminers which can be a good start.

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Quote from: windrunnersylvanas on May 23, 2024, 08:35:20 AM

I am completely new to this mining lesson and have not even started yet. Is that possible to mine bitcoin with a high-end laptop or a pc? have anyone tried it and is that profitable?

A big no. If you are just going to do mining on a PC or laptop, then don't start it because you will only waste your time and stress the equipment that could eventually give up. Remember, a PC or laptop cannot stay 24/7, and in order to maximise the profit in mining, you should have an equipment or mining rig that could stay 24/7. So if you just want to mine using a PC or laptop, don't consider it. No matter how high-end it is, if it is not built solely for mining, then it's useless. Better invest in a more powerful mining rig. It doesn't have to be many; you can start with a few rigs if you have a short budget. It is sad to say that in order for you to mine and earn from it, you will need to invest a lot of money in order to have a proper setup and, of course, expenses in terms of electricity and internet.

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Quote from: windrunnersylvanas on May 23, 2024, 08:35:20 AM

I am completely new to this mining lesson and have not even started yet. Is that possible to mine bitcoin with a high-end laptop or a pc? have anyone tried it and is that profitable?

No, all you are going to do is ruin a good laptop and not make much of a profit. Buy an actual piece of hardware that was designed for mining. I can recommend Philipma1957 as a reputable seller of such hardware.

Rruchi man

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Quote from: windrunnersylvanas on May 23, 2024, 08:35:20 AM

I am completely new to this mining lesson and have not even started yet. Is that possible to mine bitcoin with a high-end laptop or a pc? have anyone tried it and is that profitable?

If you are looking for ways to get Bitcoin and you are considering mining as an option, know firstly, that it is not possible to mine with your laptop, no matter how high-end it is, and that mining is very cost-intensive, and demands you to be sure that it is what you want to do before starting. It requires equipment, requires adequate electricity, requires proper space and some other factors like the legal nature of mining in your country if you want to make your mining a success.

And like I have said before,

Quote

If there is any application or software that the developers tag as being able to mine bitcoins, it is fake and should be avoided.

BitMaxz

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The laptop even if it is high-end it's not worth to mine altcoin or even if you can able to mine Bitcoin it's not worth it because you will never reach your ROI and in the worst case it would end up melting components inside your laptop. After all, as the above said it does not well cool.

I suggest if you want to mine BTC buy a ASIC unit as suggested above It is a bit expensive but if you are looking for 2nd hand unit at a cheap price contact offordscott here https://offordscott.t.me/

paid2

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Quote from: windrunnersylvanas on May 23, 2024, 08:35:20 AM

I am completely new to this mining lesson and have not even started yet. Is that possible to mine bitcoin with a high-end laptop or a pc? have anyone tried it and is that profitable?

Nope. You need a sha256 ASIC to mine BTC.

Other are mentioning Nicehash or altcoins mining, even these ideas are not the best ones imo, as laptops are often not so well cooled and will overheat quickly.

In any cases, if you don't have cheap electricity, or a good infrastructure, or the funds to buy serious ASICs, you should just find some other business to do

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