Topic: minimum hardware specs for mining (Read 5315 times)
Bitcoin is no longer easy a cheap coin to get into for mining, if you have decent GPU's there are a couple coins you can turn to and some CPU coins but Bitcoin REQUIRES Asic and if you want to ever make and ROI it is 400$ minimum to try and get hardware that will make it.
At the moment as others have said, it takes more money to get into bitcoin mining. Most of the machines I have looked at would be profitable but you have to spend quite a bit to get into one. Another thing to look at, is how long will that machine stay profitable? Most of the lower hash rate machines will take a LONG time to just pay for themselves. Some are just a total loss, they will never make what you put in. With the difficulty rising it makes a lot of the machines cost more to run than it will make.
Bitcoin is no longer easy a cheap coin to get into for mining, if you have decent GPU's there are a couple coins you can turn to and some CPU coins but Bitcoin REQUIRES Asic and if you want to ever make and ROI it is 400$ minimum to try and get hardware that will make it.
$400 is for new hardware. If you have free power you can have people give you miners and you can split the profit with them. For them they would have stopped mining due to negative returns. This only works if shipping is cheap or you acquire them locally.
There is no minimum specs, you can do it with pentium 1 CPU if you want, problem is that it's so slow you will get 1cent in 5 years. You need ASICs to mine at least to get something significant. You need at least like 20 ANT miners to be able to earn some nice cash. Put 20k$ investment in miners and maybe you will get roi of 120% in 6 months including sale of equipment.
20 Ant miners would be sucking down roughly 10KH/s in a summer environment on basic 80+ PSUs.
The point that should be made is the computer specification no longer matter as the computer does nothing these days other than relay work to the ASIC miner. the ASIC miner is what is required to mine bitcoin. Please check the hardware subforum if you wish to purchase one.
There is no minimum specs, you can do it with pentium 1 CPU if you want, problem is that it's so slow you will get 1cent in 5 years. You need ASICs to mine at least to get something significant. You need at least like 20 ANT miners to be able to earn some nice cash. Put 20k$ investment in miners and maybe you will get roi of 120% in 6 months including sale of equipment.
I think the minimum is to cover electricity at least so if you have lets say a small miner that has hash power about 35Ghs with power consumpsion about 40w in 24 hours makes 960w with 0,13 per kilowatt it costs 0,12 usd per day and with current price of bTC makes 0,65 usd per day.
If difficutly does not change for ever (that will change in few days and again in few days) this makes half a dollar per day.
When you buy it it will cost about 80 usd with the current difficulty you need 160 days to break even then all the profit is yours LOL
this is the minimum
the maximum go to pictures of my rigs and see some monster installations...
If difficutly does not change for ever (that will change in few days and again in few days) this makes half a dollar per day.
When you buy it it will cost about 80 usd with the current difficulty you need 160 days to break even then all the profit is yours LOL
this is the minimum
the maximum go to pictures of my rigs and see some monster installations...
People, there is really no need to be mean towards these rookie wanna-be miners.
I guess all of us got into this knowing everything there is to know about mining.
I guess all of us got into this knowing everything there is to know about mining.
That's either very poorly done sarcasm or you're coming off as an ass without know it. You can just call them new mining enthusiasts.
People, there is really no need to be mean towards these rookie wanna-be miners.
I guess all of us got into this knowing everything there is to know about mining.
I guess all of us got into this knowing everything there is to know about mining.
Can you please suggest me which hardware specs I must have if I were to mine bitcoins?
IF there is an existing thread can you redirect me to it please.
I will tell you what go to
http://bitsolo.net
mine there with 1 usb stick and have some fun.
http://www.ebay.com/itm/Bitmain-Antminer-U2-1-6-2-0-GH-s-USB-Miner-USA-Shipper-Units-In-Hand-FREE-SHIP-/251583882232?pt=US_Virtual_Currency&hash=item3a939163f8
I run 9 usb sticks there for shits and giggles.
i run 1th and have 1th on order running at btcguild.
plus 55mh mining ltc
Can you please suggest me which hardware specs I must have if I were to mine bitcoins?
IF there is an existing thread can you redirect me to it please.
I will tell you what go to
http://bitsolo.net
mine there with 1 usb stick and have some fun.
http://www.ebay.com/itm/Bitmain-Antminer-U2-1-6-2-0-GH-s-USB-Miner-USA-Shipper-Units-In-Hand-FREE-SHIP-/251583882232?pt=US_Virtual_Currency&hash=item3a939163f8
or buy this
https://asicpuppy.com/magentoPuppy/index.php/rockminer-r-box-32-37gh-s-40-50-watt-miner.html
and mine it here
https://bitminter.com/
Well if you are looking to mine btc.. then you have to spend much more dollars to mine btc.. but they give your profit back in one month if you have free electricity .. my suggestion is to go and mine altcoin like ltc or doge or like it coin but mine only stable coin..
hmm you dont need a heavy processor ...
you need somethings you need a good gpu and a good mobo well mobo deosnot matter very much .. Just buy two r9 290x crossfire then mine.. you get much profit.. or 7970 its very cheap now a days..
hmm you dont need a heavy processor ...
you need somethings you need a good gpu and a good mobo well mobo deosnot matter very much .. Just buy two r9 290x crossfire then mine.. you get much profit.. or 7970 its very cheap now a days..
No minimum hardware spec for mining, just for it to be worthwhile you need at least R9 280x.
Short of having free electricity, mining on any GPU is almost a guaranteed loss now. Scrypt ASICs have dropped LTC/FTC/NVC values to the ground, and X11/X13 have followed suit.
Taking a chance in scrypt ASICs may have been a good idea 2 months ago, but considering the LTC price now it won't ROI.
No minimum hardware spec for mining, just for it to be worthwhile you need at least R9 280x.
Hate when people comment on post they don`t take the time to read
I do have http://www.cpu-world.com/CPUs/K10/AMD-Athlon%20II%20X3%20445%20-%20ADX445WFK32GM%20%28ADX445WFGMBOX%29.html
is this enough or probably just join a pool?
or will i have a better chance if i get to have such
http://www.clickbuy.ph/Raspberry-Pi-Mode-Bitcoin-Miner-l-B-512MB-RAM?
is this enough or probably just join a pool?
or will i have a better chance if i get to have such
http://www.clickbuy.ph/Raspberry-Pi-Mode-Bitcoin-Miner-l-B-512MB-RAM?
Did you even read the post above yours?
Since you can't be bothered to read a well-thought out, informative post, let me answer your question with as few words as possible...
No.
If you scare away all the new kids who are the pre-order ASIC vendors going to prey on?
YOU CANNOT MINE WITH STUFF YOU FIND IN A COMPUTER STORE OR FROM STOCK COMPUTERS
You need to buy special equipment, please see the hardware subforum.
I do have http://www.cpu-world.com/CPUs/K10/AMD-Athlon%20II%20X3%20445%20-%20ADX445WFK32GM%20%28ADX445WFGMBOX%29.html
is this enough or probably just join a pool?
or will i have a better chance if i get to have such
http://www.clickbuy.ph/Raspberry-Pi-Mode-Bitcoin-Miner-l-B-512MB-RAM?
is this enough or probably just join a pool?
or will i have a better chance if i get to have such
http://www.clickbuy.ph/Raspberry-Pi-Mode-Bitcoin-Miner-l-B-512MB-RAM?
Did you even read the post above yours?
Since you can't be bothered to read a well-thought out, informative post, let me answer your question with as few words as possible...
No.
I do have http://www.cpu-world.com/CPUs/K10/AMD-Athlon%20II%20X3%20445%20-%20ADX445WFK32GM%20%28ADX445WFGMBOX%29.html
is this enough or probably just join a pool?
or will i have a better chance if i get to have such
http://www.clickbuy.ph/Raspberry-Pi-Mode-Bitcoin-Miner-l-B-512MB-RAM?
is this enough or probably just join a pool?
or will i have a better chance if i get to have such
http://www.clickbuy.ph/Raspberry-Pi-Mode-Bitcoin-Miner-l-B-512MB-RAM?
Can you please suggest me which hardware specs I must have if I were to mine bitcoins?
IF there is an existing thread can you redirect me to it please.
You could try to mine with your computers CPU or GPU - but that would be like trying to dig a tunnel with your fingernails.
What you need are some devices called Bitcoin ASICs - these are computers built solely for mining Bitcoin, they can't do anything else (except other SHA-256 based coins).
We have an entire subforum on pretty much all miners here https://bitcointalk.org/index.php?board=76.0
Look for reviews and use a calculator before buying - you will end up losing money most likely.
Feel free to take a look at my affiliate signature. You will have the most efficient(best W/GH) miner.
Or look at the Hardware section: https://bitcointalk.org/index.php?board=76.0
Or look at the Hardware section: https://bitcointalk.org/index.php?board=76.0
Can you please suggest me which hardware specs I must have if I were to mine bitcoins?
IF there is an existing thread can you redirect me to it please.
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