question about p2pool and multibit plus other questions

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: thedigi321 on August 09, 2015, 03:19:35 PM

i was wondering about p2pool, but the bitcoin core takes forever and i have read i can't use multibit, is this true?

i have a 63 GH/s Antman U3 miner and i am looking for a small pool to join that be easy to join and make something off my miner(or just make a small profit) Eligius' chart said it would take 5 months to get to the minimum payout

i am a casual miner but can keep my miner on for a little while, is there any suggestions or did i waste 42 dollars? Sad

Well you are best of selling it right away if you succeed. You will not get ROI out of it, as the posts above are suggesting. Sorry for your loss, but the pace of change in bitcoin world is huge, things change from day to day and it's alwasy the best to do a thorough research before you decide to invest in anything bitcoin related.

odolvlobo

legendary

Activity: 4522

Merit: 3426

Quote from: thedigi321 on August 09, 2015, 07:01:23 PM

Quote from: unholycactus on August 09, 2015, 03:24:37 PM

You did waste a lot of money on your miner. You'll never be able to get ROI.
You can always experiment around with pools and learn how mining works.

so there is nothing i can do to get a ROI? like joining a small pool?

The amount you make from mining has little to do with the pool.

A 63 GH/s miner earns about 0.0006 BTC per day. Currently, that's worth about $0.16, so it will take at least 262 days to pay for the miner. It will probably take much longer than that because the revenue per day generally decreases over time.

Now, you also have to consider electricity costs. Depending on the cost of your electricity, it is possible that the electricity will cost more than the value of the mined bitcoins. The U3 uses about 50 W, or about 1.2 kWH per day. If your electricity costs $0.10 per kWH, then the U3 is costing you $0.12 per day to operate, so your profit is actually only $0.04 per day. If your electricity costs more than $0.13 per kWH, then you are losing money by turning on the U3.

thedigi321

newbie

Activity: 2

Merit: 0

Quote from: unholycactus on August 09, 2015, 03:24:37 PM

You did waste a lot of money on your miner. You'll never be able to get ROI.
You can always experiment around with pools and learn how mining works.

so there is nothing i can do to get a ROI? like joining a small pool?

unholycactus

legendary

Activity: 1078

Merit: 1024

Quote from: thedigi321 on August 09, 2015, 03:19:35 PM

i was wondering about p2pool, but the bitcoin core takes forever and i have read i can't use multibit, is this true?

i have a 63 GH/s Antman U3 miner and i am looking for a small pool to join that be easy to join and make something off my miner(or just make a small profit) Eligius' chart said it would take 5 months to get to the minimum payout

i am a casual miner but can keep my miner on for a little while, is there any suggestions or did i waste 42 dollars? Sad

You did waste a lot of money on your miner. You'll never be able to get ROI.
You can always experiment around with pools and learn how mining works.

thedigi321

newbie

Activity: 2

Merit: 0

i was wondering about p2pool, but the bitcoin core takes forever and i have read i can't use multibit, is this true?

i have a 63 GH/s Antman U3 miner and i am looking for a small pool to join that be easy to join and make something off my miner(or just make a small profit) Eligius' chart said it would take 5 months to get to the minimum payout

i am a casual miner but can keep my miner on for a little while, is there any suggestions or did i waste 42 dollars? Sad

Topic: question about p2pool and multibit plus other questions (Read 632 times)