please don't mine bitcoin with such a thing, it is a purely waste of time
you need a power full device like antminer s3 s4 s5, anything else will not cut it
the same applies to litecoin
I dont need comment like this.
I need to know an estimate of how much i would make per day. This servers are online and i have nothing else to use them for. So instead of let them idle its better to mine. Even if i just make a dollar a day its still profit for me. So can anyone please let me know about how much i would make a day? and should i mine lite or bitcoin?
Whenever someone asks if it's a good idea to mine with general purpose hardware, the answer is always "no". This wasn't the case back in 2009-2012 when those with CPUs and GPUs could mine Bitcoin but nowadays, you'd be lucky to get a single cent per year. The reason for this is due to the huge increase in network difficulty caused by the introduction of ASICs.
But since you want the calculations to prove it, here it goes...
According to
this comparison of non-specialized mining hardware, dual Intel Xeon E5-2690 CPUs are capable of 66 MH/s. Yours is a slightly less powerful model that runs at a slower clock rate (2.2 GHz vs. 2.9 GHz) so I'd expect the hashrate for yours to be closer to 50 MH/s. This is quite good for a CPU but it is still far outclassed by ASICs. A modern ASIC such as the Antminer S5 is capable of 1,155 GH/s or 1,155,000 MH/s.
The Bitcoin network is designed so that only 1 block (currently with a reward of 25 BTC) is solved every 10 minutes on average. Your 50 MH/s machines would not be able to compete with mining farms which typically have hundreds of these ASICs stacked on top of each other in massive warehouses all competing for a slice of the same 25 BTC pie.
Plugging those values into
this mining calculator shows that your 50 MH/s should be capable of generating about 0.00000051 BTC per day, 0.00000354 BTC per week, or 0.00001540 BTC per month.
Now according to
Preev, 0.00000051 BTC is worth $0.0001264, 0.00000354 BTC is worth $0.0008770, and 0.00001540 BTC is worth $0.003815. That last figure is the total value of the BTC you'd earn after a month of mining 24/7. Multiply that figure by 12 and you end up with 0.0001848 BTC or slightly over 4 cents worth of BTC per year.
And that's assuming that the network difficulty remains the same. Unfortunately,
the difficulty tends to go up over time as more miners enter the field and newer models of ASICs are released so it's likely that you will earn even far less than this.
Not to mention you will also never reach the minimum payout threshold of any pool. You could choose to solo mine instead but I suspect it would be millions of years before you manage to find a block.
Litecoin is a slightly better bet but even mining LTC using CPUs will only get you several cents per year at most. Litecoin also has ASICs for it now.
A much better option might be to mine CPU mineable coins instead and exchange them to bitcoins via an altcoin exchange like Cryptsy. For a list of CPU mineable coins, check out:
http://www.cpucoinlist.com/Note however that the list hasn't been updated in a while so some coins might have switched over from being predominately mined via CPUs to being mined via GPUs instead.
For finding the most profitable altcoin to mine at any given moment, check out
CoinWarz.
