newbie question regarding Minig | Bitcointalksearch.org

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: danielgold20 on May 06, 2017, 09:03:48 AM

Hello everyone!

I am interested to mine And i understand that there is special machines for this but as I understand that every machine normally can produce 1 spesific coin
So I am considering buying GPU ( all the computer ) and mine with him and not machines ( special miners )
My question is:
1.Does all coin mined through GPU? ( I know bitcoin is not )
2.Where I can find which coin how does He mined?
3.And is there an special company that cam produces special chip ( As ASIC for bitcoin? )

My advise to you it is much better for you to start learning about in trading because there many of the community here became successful
in actual trade. And it is still fast to get profit than doing mining rig. This is only my opinion and suggestion only. Cheesy

HCP

legendary

Activity: 2086

Merit: 4361

My advice is to go here: https://www.cryptocompare.com/

They have a lot of useful tools, like the calculators, that will give you an idea of whether or not you should even bother trying to do crypto currency mining... in a lot of instances, the costs of electricity (and initial investment required) for running GPUs/CPUs (and even some ASICs) will outweigh the amount of money made by mining various currencies...

This page: https://www.cryptocompare.com/mining/#/equipment

Will give you an idea of the various types of equipment (GPU/ASIC) that can be used and the various costs and performance of them.

They also have a bunch of guides here: https://www.cryptocompare.com/mining/guides/#/overview

Qartada

hero member

Activity: 546

Merit: 500

Quote from: danielgold20 on May 06, 2017, 09:03:48 AM

I am interested to mine And i understand that there is special machines for this but as I understand that every machine normally can produce 1 spesific coin

The special machines can mine one mining algorithm not just one coin, and several coins use the same one as Bitcoin (SHA-256). However, there are also more modern mining algorithms including Scrypt which is somewhat harder to be mined with ASICs. Fewer new coins use SHA-256 now than before.

Quote

1.Does all coin mined through GPU? ( I know bitcoin is not )

No. A large majority can though.

Quote

2.Where I can find which coin how does He mined?

Not sure what you mean by this. Can you clarify?

Quote

3.And is there an special company that cam produces special chip ( As ASIC for bitcoin? )

BITMAIN are the biggest ASIC manufacturers. Avalon is another one. A very popular miner right now is the Antminer S9 by BITMAIN.

danielgold20

full member

Activity: 126

Merit: 100

Hello everyone!

I am interested to mine And i understand that there is special machines for this but as I understand that every machine normally can produce 1 spesific coin
So I am considering buying GPU ( all the computer ) and mine with him and not machines ( special miners )
My question is:
1.Does all coin mined through GPU? ( I know bitcoin is not )
2.Where I can find which coin how does He mined?
3.And is there an special company that cam produces special chip ( As ASIC for bitcoin? )

Topic: newbie question regarding Minig (Read 416 times)