Author

Topic: some advice please with mining (Read 1011 times)

sr. member
Activity: 243
Merit: 250
August 29, 2014, 02:23:44 AM
#8
you are better off clicking on various bitcoin faucets than trying to mine with GPUs now-a-days.  even with alt-coins, you cannot make more than the cost of electricity to run it and cooling because of it.

Actually even using a faucet causes most users to lose money since computers typically don't run on free power.  If you make $0.03 and hour from faucets and power to run the PC costs $0.05 you're doing monkey work - something I would expect from the US government  Cheesy

Hahaha, agree.. only if the person is using his mining rig to run...
DrG
legendary
Activity: 2086
Merit: 1035
August 28, 2014, 09:24:54 PM
#7
you are better off clicking on various bitcoin faucets than trying to mine with GPUs now-a-days.  even with alt-coins, you cannot make more than the cost of electricity to run it and cooling because of it.

Actually even using a faucet causes most users to lose money since computers typically don't run on free power.  If you make $0.03 and hour from faucets and power to run the PC costs $0.05 you're doing monkey work - something I would expect from the US government  Cheesy
hero member
Activity: 784
Merit: 500
August 28, 2014, 09:28:06 AM
#6
I hope GPU is still profitable like those days. Scrypt asic has killed GPU Sad
hero member
Activity: 630
Merit: 500
August 28, 2014, 08:44:22 AM
#5
you are better off clicking on various bitcoin faucets than trying to mine with GPUs now-a-days.  even with alt-coins, you cannot make more than the cost of electricity to run it and cooling because of it.
legendary
Activity: 1022
Merit: 1005
August 28, 2014, 06:54:49 AM
#4
thank you, how can I do It, i thought the GeForce 610 with 2g of memory was another to use any advice and thanks for the welcome.

You may try mining some alt coins with that setup and hope that that they help you turn a profit in the future. Alts can be sold for BTC on exchanges that trade them. Even mining alts these days using GPU is not very profitable as it is extremely difficult to identify which coin may be the next BTC and which ones are scam coins, more of the latter these days!

You may want to try CPU mining Monero (XMR). I have started doing that as it is still slightly profitable and can be exchanged for BTC on Bittrex. Best of luck!

Just a word of caution: Don't get pulled in by cloud mining companies.. i did and i curse myself every day! Learn from my mistakes!  Grin
newbie
Activity: 3
Merit: 0
August 28, 2014, 06:34:09 AM
#3
thank you, how can I do It, i thought the GeForce 610 with 2g of memory was another to use any advice and thanks for the welcome.
DrG
legendary
Activity: 2086
Merit: 1035
August 28, 2014, 05:01:20 AM
#2
Welcome to the Bitcoin world!

Having said that you're in way over your head right now.  Mining left the realm of off the shelf (CPU/GPU) hardware last year.  Pretty much you can only mine with machines made specifically for mining bitcoins - generally referred to on these forums as ASICs.

You can try mining with your video card, but a good analogy would be like trying to eat an entire bowl of soup with a toothpick - possible but definitely not recommended as you will not earn not even a single penny with that video card.
newbie
Activity: 3
Merit: 0
August 28, 2014, 04:01:03 AM
#1
I've moved this post here as I was told this would be the best place, so I have just copied the post I put up.

as you can see I am new, so hoping for some advice please, I came across this site a week ago and I've been doing some reading but I think it time to ask for advice. I am using windows 7 and im using bitcoin core wallet, that is still synching it is 17 weeks behind should it take this long to catch up. I have 8 active connections to bitcoin network. plus I am using guiminer v2012-12-03 by kiv I have set new miner, opencl miner. I have a NVidia GeForce card which is up to date.the new worker I have set up is running at 5.0 mhash/s ( still is where im not sure ) appcepted 195 stale 1
now when I signed up to the bitcoincz, I put in my user name and bitcoin address and set threshold to 0.01. but I cannot set
estimated rewards
unconfirmed rewards
confirmed rewards are all set at 0. is there a way to change that or will it change if I get any coins. I have set up worker and I can see it in my account.but it as my log in name then a . then the workers name I have set up password as well and set it for slush's pool. in the miner do I put my user and worker ie user.worker and password or jusr worker and password. do I need default set .or just the work. please just some advice hoe to set it right or is there a video to follow I just need to set it up right thanks for your time reading this I hope you can help thanks.

the first post I put up can be found here

https://bitcointalksearch.org/topic/--759297

just a update my wallet as finished synching will it do it again if I stop it or is that it.

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