Hey peeps,
there was this test by a few journalists from a magazine in Germany, who managed to buy a few different ASIC miners including a usb miner. So they tried the miners for a month or so and summarized their earnings. The funny thing is that only the usb miners gave ROI, even a bit of profit.
Bear in mind that the article is from late 2013 and the btc difficulty has increased exponentially since then, which means that there is pretty much no chance of ROI, not to speak about any profit what so ever.
If somebody is interested I could tell you the article and the magazine, just answer to this thread.
Topic: USB Miners - page 3. (Read 3706 times)
When people say the USB miners are not profitable is that under the estimation that 1BTC will always be around 500 USD?
What if 1BTC = 10,000 or 50,000 a few years from now?
What if 1BTC = 10,000 or 50,000 a few years from now?
If you expect bitcoin price to go 100 times higher and you want to maximize your profit, you shouldn't buy a miner but buy bitcoin directly now as it would give you more bitcoin.
Exactly, buying usb miners is stupid in any way you wanna see it, making back the roi is hard at this days.
Not everything in life is based on a roi, some people just want to be able try it out and to know that they are able to do it. Most hobbies generally don't make a person money. If a person can find a couple for a few bucks, whats the harm?
Most people waste more than that daily on stupid crap.
True, and so I used "and you want to maximize your profit" in my post.
If you are mining for fun, who cares about ROI
Is ok to buy 1 just for fun, but please don't buy any more as it is a waste of money.
When people say the USB miners are not profitable is that under the estimation that 1BTC will always be around 500 USD?
What if 1BTC = 10,000 or 50,000 a few years from now?
What if 1BTC = 10,000 or 50,000 a few years from now?
If you expect bitcoin price to go 100 times higher and you want to maximize your profit, you shouldn't buy a miner but buy bitcoin directly now as it would give you more bitcoin.
Exactly, buying usb miners is stupid in any way you wanna see it, making back the roi is hard at this days.
Not everything in life is based on a roi, some people just want to be able try it out and to know that they are able to do it. Most hobbies generally don't make a person money. If a person can find a couple for a few bucks, whats the harm?
Most people waste more than that daily on stupid crap.
True, and so I used "and you want to maximize your profit" in my post.
If you are mining for fun, who cares about ROI
When people say the USB miners are not profitable is that under the estimation that 1BTC will always be around 500 USD?
What if 1BTC = 10,000 or 50,000 a few years from now?
What if 1BTC = 10,000 or 50,000 a few years from now?
If you expect bitcoin price to go 100 times higher and you want to maximize your profit, you shouldn't buy a miner but buy bitcoin directly now as it would give you more bitcoin.
Exactly, buying usb miners is stupid in any way you wanna see it, making back the roi is hard at this days.
Not everything in life is based on a roi, some people just want to be able try it out and to know that they are able to do it. Most hobbies generally don't make a person money. If a person can find a couple for a few bucks, whats the harm?
Most people waste more than that daily on stupid crap.
You can try your luck by mining BTC by solo, if you get one block, would be great
Please don't do that, its as good as gambling.
You could do this but it would be like going out buying a lottery ticket.
When people say the USB miners are not profitable is that under the estimation that 1BTC will always be around 500 USD?
What if 1BTC = 10,000 or 50,000 a few years from now?
What if 1BTC = 10,000 or 50,000 a few years from now?
If you expect bitcoin price to go 100 times higher and you want to maximize your profit, you shouldn't buy a miner but buy bitcoin directly now as it would give you more bitcoin.
Exactly, buying usb miners is stupid in any way you wanna see it, making back the roi is hard at this days.
Agree, you will get much more bitcoin selling the USB miners and buying BTC directly.
When people say the USB miners are not profitable is that under the estimation that 1BTC will always be around 500 USD?
What if 1BTC = 10,000 or 50,000 a few years from now?
What if 1BTC = 10,000 or 50,000 a few years from now?
If you expect bitcoin price to go 100 times higher and you want to maximize your profit, you shouldn't buy a miner but buy bitcoin directly now as it would give you more bitcoin.
Exactly, buying usb miners is stupid in any way you wanna see it, making back the roi is hard at this days.
You can try your luck by mining BTC by solo, if you get one block, would be great
Please don't do that, its as good as gambling.
I've heard that USB miners aren't really useful for mining anymore but I really want to experience what mining is like, even if I'm not really getting anything more than a few satoshis. With them being pretty outdated I was wondering if anyone had one or two left over from when they actually were useful, that would be willing to send them to me. I could probably pay for shipping if need be. I understand that even the cost of the electric needed to use it, is more than I will get out f it, but it is nothing something I will be doing long. Like I said, kinda just want the experience.
Thank you all in advance.
Thank you all in advance.
I have 10 of them kicking around. Personally, I still can't believe that they are still selling, and/or that people are still buying them. I get that you want the experience, but even with all 10 hooked up, I doubt you'd see much of anything out of them.
Where are you located roughly?
Well I have nothing to lose but time honestly. I don't pay for electric, so I don't have to worry about that. Also I'm a bit of a show off, my sister thinks all of this is a huge scam. She doesn't get that putting your computer to work can generate something that equates to money. If I can get her on board the cryptocurrency train I'd feel pretty accomplished and maybe convince her to throw down some money with me to get a real miner.
I'm in NY a little outside of Poughkeepsie.
I'd send you a few if you were closer, cross country and cross border can get expensive for shipping though. Try craigslist or kijiji if you have it in your area. I did a Craigslist search for your area, came up with Hudson Valley. Looks a ways down the road though, but I see antminer u1's and u2's for around $20 bucks.
This is the search I did: http://hudsonvalley.craigslist.org/search/sss?sort=priceasc&query=Bitcoin%20miner
I'm sure there are ones closer than the ones I found, you know the area better than I would. Ebay might be an option as well. I see some going for cheap on there, might even be able to pick up local.
Good luck.
I never even thought to look on craigslist!! Thanks much.
You can try your luck by mining BTC by solo, if you get one block, would be great
The time taken to generate a block by solo mining using a block eurpter can be a few hundred years. By the time, your money cannot cover the time, effort and money used to generate it. 
Mining btc with USB's is great for a hobby but it makes no financial sense when you can earn more just posting on here with a sig campaign.
Could be more profitable to mine an alt currency, just try and avoid the plethora of shitcoins.
Could be more profitable to mine an alt currency, just try and avoid the plethora of shitcoins.
When people say the USB miners are not profitable is that under the estimation that 1BTC will always be around 500 USD?
What if 1BTC = 10,000 or 50,000 a few years from now?
What if 1BTC = 10,000 or 50,000 a few years from now?
If you expect bitcoin price to go 100 times higher and you want to maximize your profit, you shouldn't buy a miner but buy bitcoin directly now as it would give you more bitcoin.
You can try your luck by mining BTC by solo, if you get one block, would be great
This is already history mate You cannot mine solo for BTC never ever again.
BR
Gondel
You can try your luck by mining BTC by solo, if you get one block, would be great
That would be great. A block is 25 BTC plus transaction fees. That's about $15,000 worth of BTC. A USB miner costs what? $20? If you manage to turn 20 dollars into 15,000 dollars then you'd be the luckiest person in the world.
Unfortunately however, you're chances of solving a block with a USB miner would also be correspondingly miniscule. In fact, even if you run it 24/7, it isn't likely to happen for many, many years.
Still, it might be worth a shot since the alternative would be joining a pool and getting only a couple of satoshis per day. You might even run into the negative profit-wise considering electricity costs. If you do decide to solo mine with a USB miner, then think of it as a lottery and by running the miner, you are buying lottery tickets.
You can try your luck by mining BTC by solo, if you get one block, would be great
When people say the USB miners are not profitable is that under the estimation that 1BTC will always be around 500 USD?
What if 1BTC = 10,000 or 50,000 a few years from now?
What if 1BTC = 10,000 or 50,000 a few years from now?
Problem with most of the miners is that they cost more in electricity than you get in return. then there is the cost of the miner. Better off just taking the money you'll invest on USB miners and using it to buy bitcoin.
Whats a better return? Buying a usb stick for $20 bucks or $20 dollars worth of bitcoin?
When people say the USB miners are not profitable is that under the estimation that 1BTC will always be around 500 USD?
What if 1BTC = 10,000 or 50,000 a few years from now?
What if 1BTC = 10,000 or 50,000 a few years from now?
I've heard that USB miners aren't really useful for mining anymore but I really want to experience what mining is like, even if I'm not really getting anything more than a few satoshis. With them being pretty outdated I was wondering if anyone had one or two left over from when they actually were useful, that would be willing to send them to me. I could probably pay for shipping if need be. I understand that even the cost of the electric needed to use it, is more than I will get out f it, but it is nothing something I will be doing long. Like I said, kinda just want the experience.
Thank you all in advance.
Thank you all in advance.
I have 10 of them kicking around. Personally, I still can't believe that they are still selling, and/or that people are still buying them. I get that you want the experience, but even with all 10 hooked up, I doubt you'd see much of anything out of them.
Where are you located roughly?
Well I have nothing to lose but time honestly. I don't pay for electric, so I don't have to worry about that. Also I'm a bit of a show off, my sister thinks all of this is a huge scam. She doesn't get that putting your computer to work can generate something that equates to money. If I can get her on board the cryptocurrency train I'd feel pretty accomplished and maybe convince her to throw down some money with me to get a real miner.
I'm in NY a little outside of Poughkeepsie.
I'd send you a few if you were closer, cross country and cross border can get expensive for shipping though. Try craigslist or kijiji if you have it in your area. I did a Craigslist search for your area, came up with Hudson Valley. Looks a ways down the road though, but I see antminer u1's and u2's for around $20 bucks.
This is the search I did: http://hudsonvalley.craigslist.org/search/sss?sort=priceasc&query=Bitcoin%20miner
I'm sure there are ones closer than the ones I found, you know the area better than I would. Ebay might be an option as well. I see some going for cheap on there, might even be able to pick up local.
Good luck.
Watch the shipping costs. I got burned awhile a go and ended up paying double what the unit cost just for the shipping.
Good advice, I got burned on shipping costs on Ebay a few years back. That's why I mentioned the part about picking up local. I contacted a seller near where I am for an antminer S1. I was able to pick it up only a 30 minute drive away, he even dropped the price a few bucks since he didn't have to go through the the shipping steps and he also didn't have to pay ebay fee's
I think it's interesting that you want to spend money just to experience mining. I think it's kind of good. But why buy a USB miner. If you don't want to "earn" anything and just "experience" mining, why not just GPU/CPU mine? It would do the same thing, giving you first hand experience of mining and not earning any money.
That's what I did to get started, I saw results, although very small. Went out and bought the USB miners.
I think it's interesting that you want to spend money just to experience mining. I think it's kind of good. But why buy a USB miner. If you don't want to "earn" anything and just "experience" mining, why not just GPU/CPU mine? It would do the same thing, giving you first hand experience of mining and not earning any money.
I've heard that USB miners aren't really useful for mining anymore but I really want to experience what mining is like, even if I'm not really getting anything more than a few satoshis. With them being pretty outdated I was wondering if anyone had one or two left over from when they actually were useful, that would be willing to send them to me. I could probably pay for shipping if need be. I understand that even the cost of the electric needed to use it, is more than I will get out f it, but it is nothing something I will be doing long. Like I said, kinda just want the experience.
Thank you all in advance.
Thank you all in advance.
I have 10 of them kicking around. Personally, I still can't believe that they are still selling, and/or that people are still buying them. I get that you want the experience, but even with all 10 hooked up, I doubt you'd see much of anything out of them.
Where are you located roughly?
Well I have nothing to lose but time honestly. I don't pay for electric, so I don't have to worry about that. Also I'm a bit of a show off, my sister thinks all of this is a huge scam. She doesn't get that putting your computer to work can generate something that equates to money. If I can get her on board the cryptocurrency train I'd feel pretty accomplished and maybe convince her to throw down some money with me to get a real miner.
I'm in NY a little outside of Poughkeepsie.
I'd send you a few if you were closer, cross country and cross border can get expensive for shipping though. Try craigslist or kijiji if you have it in your area. I did a Craigslist search for your area, came up with Hudson Valley. Looks a ways down the road though, but I see antminer u1's and u2's for around $20 bucks.
This is the search I did: http://hudsonvalley.craigslist.org/search/sss?sort=priceasc&query=Bitcoin%20miner
I'm sure there are ones closer than the ones I found, you know the area better than I would. Ebay might be an option as well. I see some going for cheap on there, might even be able to pick up local.
Good luck.
Watch the shipping costs. I got burned awhile a go and ended up paying double what the unit cost just for the shipping.
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