Mining Bitcoins with old rigs | Bitcointalksearch.org

Bizmark13

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Quote from: geforcelover on June 29, 2014, 03:48:09 AM

hey you cannot mine any thing with old rigs.. i mean you cannot mine a single btc with old rigs even satoshis so i suggest you to go and mine some alt coins like btc or ltc they can give you some profit..

BTC isn't an altcoin, and you can't mine it profitably with either CPUs nor GPUs nowadays. You could mine LTC with a graphics card but scrypt ASICs are now available which have the same hashpower but consume a fraction of the electricity costs.

geforcelover

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hey you cannot mine any thing with old rigs.. i mean you cannot mine a single btc with old rigs even satoshis so i suggest you to go and mine some alt coins like btc or ltc they can give you some profit..

DrG

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In 2011 I was making 0.2BTC/day off of just one $150 6870. I made no objections to anybody mining back then because it made sense. Now you have to really understand the risks. Plopping down $3k for 10 high end video cards and eating depreciation only to see them make $5 a day might be pretty disparaging. Risk analysis is needed.

MilesJohan

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x11 mining is what you are looking for. But the price has dropped a lot and it might not be profitable anymore.

Nathan101

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I think it is a bad idea. BTC mining is not much profitable as it was earlier. Mining with old rigs is horrible. You should think about Altcoin.

DrG

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Quote from: Nawaytes on June 26, 2014, 09:10:11 PM

Quote from: DrG on June 24, 2014, 01:53:48 AM

Quote from: Nawaytes on June 23, 2014, 09:58:23 AM

my rig is so old, but I still use it to mining, it is impossible to mine bitcoin with the high difficulty. so I mine some altcoin with small difficulty.
i prefer mine x11 or x13 like darkcoin, lioncoin, cryptcoin. because i get good Hashrate with my old rig Cheesy

Well as long as the hardware is capable of allowing GPUs to mine scyrpt, X11, X13 coins then yeah you're OK. But that's not what I would consider old. Something like a Celeron 333 or Pentium 75MHz rig - that would be old. If it can support a PCIe Gen 2 slot it can probably mine.

Something like a Celeron 333 or Pentium 75MHz rig is not old.
but it's time to bury them Cheesy

rig that doesn't support PCIe.
most importantly, like you said. they can support the PCIe and whatever the processor. it can be mine.

We're talking in PC times, and in PC times they are old. They don't have PCIe slots so they're essentially obsolete for mining. The processors can't handle instruction sets to even CPU mine.

What were considering old? I have my 386 SX. My dad has punchcards in the garage that he used with Fortran (most likely before you were born). I think I have a stone tablet...

Nawaytes

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Quote from: DrG on June 24, 2014, 01:53:48 AM

Quote from: Nawaytes on June 23, 2014, 09:58:23 AM

my rig is so old, but I still use it to mining, it is impossible to mine bitcoin with the high difficulty. so I mine some altcoin with small difficulty.
i prefer mine x11 or x13 like darkcoin, lioncoin, cryptcoin. because i get good Hashrate with my old rig Cheesy

Well as long as the hardware is capable of allowing GPUs to mine scyrpt, X11, X13 coins then yeah you're OK. But that's not what I would consider old. Something like a Celeron 333 or Pentium 75MHz rig - that would be old. If it can support a PCIe Gen 2 slot it can probably mine.

Something like a Celeron 333 or Pentium 75MHz rig is not old.
but it's time to bury them Cheesy

rig that doesn't support PCIe.
most importantly, like you said. they can support the PCIe and whatever the processor. it can be mine.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: lapah on June 25, 2014, 06:03:20 PM

Is that even possible? like old rigs to mine btc.. is negative earnings though.

depends how old.
i still have a dozen 58xx rigs that are still making a profit on x11 & x13 coins.
it sure isnt what it used to be, but its not that bad either.

cheers

Muhammed Zakir

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I prefer Zakir over Muhammed when mentioning me!

Hello!

You can mine some altcoins though you will not get a high profit! Roll Eyes

.

First mine a coin, so you can find your hash rate.

Then, go to this site and put your hash rate is scrypt coloumns.

Now you can see easy coins which can give a little profit.

Kindly,
Muhammed Zakhir

MilesJohan

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Quote from: Azgalush on June 21, 2014, 07:25:09 AM

Is there any way for those poor fellows like me, equipped with an Intel Dual core 2.2 GHz CPU and no GPU and no Bitcoins in their wallet to buy hashes, start mining some Bitcoin in tiny amounts? Or any other type of service that would run in the background of my PC and generate Bitcoin like ThreadManager ( https://coingeneration.com/ ) and others.

You should mine cpu only coin with your CPU, then convert it to BTC.

lapah

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Is that even possible? like old rigs to mine btc.. is negative earnings though.

Benjig

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Quote from: Harley997 on June 24, 2014, 08:17:21 PM

Quote from: BTC_Fundamentals on June 24, 2014, 02:18:12 PM

sure no reason to use those oldies for BTC mining.
Nothing older 5870 rig can do something related to mining. With 5870 rig it is still possible to mine something if you are on free electricity.

it would probably not even be worth your time in setting up the machine as it would mine so little.

And with that cards you can only mine brand new alts triying to make some profit because if you wanna mine well stablished alts or bitcoin it will be a waste of time.

Harley997

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Quote from: BTC_Fundamentals on June 24, 2014, 02:18:12 PM

sure no reason to use those oldies for BTC mining.
Nothing older 5870 rig can do something related to mining. With 5870 rig it is still possible to mine something if you are on free electricity.

it would probably not even be worth your time in setting up the machine as it would mine so little.

Azgalush

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Quote from: thecoindoctor on June 24, 2014, 01:37:53 PM

Quote from: Azgalush on June 21, 2014, 07:25:09 AM

Is there any way for those poor fellows like me, equipped with an Intel Dual core 2.2 GHz CPU and no GPU and no Bitcoins in their wallet to buy hashes, start mining some Bitcoin in tiny amounts? Or any other type of service that would run in the background of my PC and generate Bitcoin like ThreadManager ( https://coingeneration.com/ ) and others.

Best to use a good pc man

Of course it is better, but that costs money, which I am short on.

BTC_Fundamentals

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sure no reason to use those oldies for BTC mining.
Nothing older 5870 rig can do something related to mining. With 5870 rig it is still possible to mine something if you are on free electricity.

thecoindoctor

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Quote from: Azgalush on June 21, 2014, 07:25:09 AM

Is there any way for those poor fellows like me, equipped with an Intel Dual core 2.2 GHz CPU and no GPU and no Bitcoins in their wallet to buy hashes, start mining some Bitcoin in tiny amounts? Or any other type of service that would run in the background of my PC and generate Bitcoin like ThreadManager ( https://coingeneration.com/ ) and others.

Best to use a good pc man

Azgalush

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Quote from: ranochigo on June 24, 2014, 08:26:15 AM

Quote from: Azgalush on June 21, 2014, 07:25:09 AM

Is there any way for those poor fellows like me, equipped with an Intel Dual core 2.2 GHz CPU and no GPU and no Bitcoins in their wallet to buy hashes, start mining some Bitcoin in tiny amounts? Or any other type of service that would run in the background of my PC and generate Bitcoin like ThreadManager ( https://coingeneration.com/ ) and others.

OP, please note that coingeneration is a confirmed scam, it does not payout.

I only took that as an example, it also used 100% of your CPU, even though task manager couldn't detect it.

ranochigo

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Crypto Swap Exchange

Quote from: Azgalush on June 21, 2014, 07:25:09 AM

Is there any way for those poor fellows like me, equipped with an Intel Dual core 2.2 GHz CPU and no GPU and no Bitcoins in their wallet to buy hashes, start mining some Bitcoin in tiny amounts? Or any other type of service that would run in the background of my PC and generate Bitcoin like ThreadManager ( https://coingeneration.com/ ) and others.

OP, please note that coingeneration is a confirmed scam, it does not payout.

monim1

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Mining is not profitable as it was earlier. If you are thinking about mining BTC, then you are in the wrong way. BTC mining become even harder. So i suggest you to mine altcoin like Dogecoin, Reddcoin etc. I am mining with www.genesis-mining.com. They are providing the lowest rate. So you may also try.

Soappa

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Quote from: DrG on June 22, 2014, 04:51:09 AM

Best way to make money out of that rig is to sell it at a garage sale or on eBay and use those funds to buy the crypto you want. It would save time, your sanity, and electricity.

Or he could use the old pc to manage his offline wallet.

Topic: Mining Bitcoins with old rigs (Read 2290 times)