Usb miners that pay more than they consume in power

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: philipma1957 on December 23, 2015, 11:26:33 AM

Quote from: Bayuu on December 22, 2015, 07:10:44 PM

USB miners is like the dumbest decision you'll ever make... They profit you literally nothing, especially with the difficulty rising quickly.

So you buy a stick from sidehack or a reseller cost in the USA 30-40 dollars.

Just 1 your point it at this pool

https://bitcointalksearch.org/topic/dec-11-to-jan-11-sidehack-compac-stick-pool-club-latest-setup-1283990

if we hit a block you get .24- .25 btc

if you are running a pc 24/7 the extra power is 5 watts about 4 kwatts a month about 50 kwatts a year.

at 12 cents a kwatt 6 dollars so for 1 year maybe 45 dollars and 2 years 51 dollars.

the chances are we will hit a block if we play for 2 years.

I plan on running mine for year's most likely. I might sell a compac or two to pay for electricity eventually. But as of now I'm just enjoying using them.

And I think the long term Phil mentioned really is important. Talking about year's of running not just a week or two. We stand much better odd's then some think by running for so long.

ezeminer

legendary

Activity: 2212

Merit: 1118

Lie down. Have a cookie

Quote from: philipma1957 on December 23, 2015, 11:26:33 AM

Quote from: Bayuu on December 22, 2015, 07:10:44 PM

USB miners is like the dumbest decision you'll ever make... They profit you literally nothing, especially with the difficulty rising quickly.

So you buy a stick from sidehack or a reseller cost in the USA 30-40 dollars.

Just 1 your point it at this pool

https://bitcointalksearch.org/topic/dec-11-to-jan-11-sidehack-compac-stick-pool-club-latest-setup-1283990

if we hit a block you get .24- .25 btc

if you are running a pc 24/7 the extra power is 5 watts about 4 kwatts a month about 50 kwatts a year.

at 12 cents a kwatt 6 dollars so for 1 year maybe 45 dollars and 2 years 51 dollars.

the chances are we will hit a block if we play for 2 years.

Exactly what Phil said.

Quote from: philipma1957 on December 22, 2015, 01:05:54 PM

https://bitcointalksearch.org/topic/run-2-closedsidehack-stickgekkoscience-compac-official-sales-thread-1126705

This was the website I used to setup my usb miners.
http://computers.tutsplus.com/tutorials/how-to-create-a-raspberry-pi-bitcoin-miner--cms-20353

The only thing you need is a USB hub that will deliver enough power per port, unless you have a hub that you are using half the ports.
Something like this might give you enough power, but is pricey. amazon.com USB hub

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: Bayuu on December 22, 2015, 07:10:44 PM

USB miners is like the dumbest decision you'll ever make... They profit you literally nothing, especially with the difficulty rising quickly.

So you buy a stick from sidehack or a reseller cost in the USA 30-40 dollars.

Just 1 your point it at this pool

https://bitcointalksearch.org/topic/dec-11-to-jan-11-sidehack-compac-stick-pool-club-latest-setup-1283990

if we hit a block you get .24- .25 btc

if you are running a pc 24/7 the extra power is 5 watts about 4 kwatts a month about 50 kwatts a year.

at 12 cents a kwatt 6 dollars so for 1 year maybe 45 dollars and 2 years 51 dollars.

the chances are we will hit a block if we play for 2 years.

zalucia

sr. member

Activity: 252

Merit: 250

Quote from: Bayuu on December 22, 2015, 07:10:44 PM

USB miners is like the dumbest decision you'll ever make... They profit you literally nothing, especially with the difficulty rising quickly.

USB miner will be less efficient than a big miners such as S7. USB miner is just for fun, not for profitability.

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: Amph on December 23, 2015, 02:58:22 AM

Quote from: VirosaGITS on December 22, 2015, 07:16:50 PM

Quote from: Bayuu on December 22, 2015, 07:10:44 PM

USB miners is like the dumbest decision you'll ever make... They profit you literally nothing, especially with the difficulty rising quickly.

Dunno, they make amazing lottery miners. They have a different purpose than let say a S5. They fill a different niche and just like any other hardware, some sticks are great (sidehack stick 8-23GH/s+) some sticks are horrible choices (nano, 400MH/s, etc whatever).

isn't better at this point to try your luck with the best faucets freebtcio, which give you a lottery, which is far easy and it's almost free and no electricity cost?

I don't know, do you stand to win 25BTC at one in a millions odd every day all year?

I kind of doubt some faucet operator would make enough money to come up with such a big prize, and if there is indeed such a prize that get accumulated, i would doubt it get handed off often.

That would also not teach you how mining BTC work. I think a USB stick is great to get the hang of it, since when you're getting your tiny payouts on the stick, going to real miners is actually a easier endeavor.

QuintLeo

legendary

Activity: 1498

Merit: 1030

The Compaq is probably the only miner on a USB stick with a prayer of actually being profitable for the medium term, but the probability of ANY USB-based SHA256 miner actually making enough back to pay for itself is pretty much zero at this point, unless you have FREE electric.

ALL of them cost quite a bit more per GH (and most are still best measured as cost per MH!!!!) than same-generation larger miners using the same chips, which makes profitability on them quite harder to achieve.

No, I don't get the "for fun" aspect some folks talk about. I can think of a LOT of things that are more fun than waiting on some low-performance miner to actually do something noticeable.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: VirosaGITS on December 22, 2015, 07:16:50 PM

Quote from: Bayuu on December 22, 2015, 07:10:44 PM

USB miners is like the dumbest decision you'll ever make... They profit you literally nothing, especially with the difficulty rising quickly.

Dunno, they make amazing lottery miners. They have a different purpose than let say a S5. They fill a different niche and just like any other hardware, some sticks are great (sidehack stick 8-23GH/s+) some sticks are horrible choices (nano, 400MH/s, etc whatever).

isn't better at this point to try your luck with the best faucets freebtcio, which give you a lottery, which is far easy and it's almost free and no electricity cost?

Chris!

legendary

Activity: 1382

Merit: 1122

If it's just for a hobby/fun a USB miner could be good for you. It'll never earn very much if you're in a pool and if you're solo mining you will probably never get any BTC.

If you don't pay for electricity it couldn't hurt to try! Just consider it a lottery ticket that you pay for once.

I'm interested in mining on the small scale too. If you're looking for profits you need to be the huge business with tons of miners at this point.

This link is a little old but explains it well https://www.cryptocoinsnews.com/block-erupter-usb-beginners-guide/

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: VirosaGITS on December 22, 2015, 07:16:50 PM

Quote from: Bayuu on December 22, 2015, 07:10:44 PM

USB miners is like the dumbest decision you'll ever make... They profit you literally nothing, especially with the difficulty rising quickly.

Dunno, they make amazing lottery miners. They have a different purpose than let say a S5. They fill a different niche and just like any other hardware, some sticks are great (sidehack stick 8-23GH/s+) some sticks are horrible choices (nano, 400MH/s, etc whatever).

Some people just don't get it. It's for the fun on this section of miners either fun or learning. Chances of making money is slim off of them I think everyone know's that. But you do it for the fun.

And yes I have much bigger miners that are for profit. So I don't do all with no goal of profit. But a few out there are fun especially with things like the compac group working together, we can run our compacs for very cheap for a long.. long time. My U3's on other hand a little more costly but still fun.

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: Bayuu on December 22, 2015, 07:10:44 PM

USB miners is like the dumbest decision you'll ever make... They profit you literally nothing, especially with the difficulty rising quickly.

Dunno, they make amazing lottery miners. They have a different purpose than let say a S5. They fill a different niche and just like any other hardware, some sticks are great (sidehack stick 8-23GH/s+) some sticks are horrible choices (nano, 400MH/s, etc whatever).

Bayuu

full member

Activity: 154

Merit: 100

USB miners is like the dumbest decision you'll ever make... They profit you literally nothing, especially with the difficulty rising quickly.

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: Raimonn on December 22, 2015, 06:42:45 PM

Think about how many satoshis will you earn every day with an usb stick minner, i think that will be a very low number, the usb stick has low electricity costs, but needs your computer running (that has higher electricity costs). I don't see it as a good investment.

Thats true, but most people run USB sticks off a RasPI or other devices that are already running 24/7. philipma1957 has a very nice setup with big USB hubs. Its very fun stuff to play with, though at some point you may want to look into something like a S5 if what you want is raising your hashrate.

Raimonn

legendary

Activity: 1470

Merit: 1001

Think about how many satoshis will you earn every day with an usb stick minner, i think that will be a very low number, the usb stick has low electricity costs, but needs your computer running (that has higher electricity costs). I don't see it as a good investment.

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: dunand on December 22, 2015, 02:48:51 PM

Quote from: Mitak on December 22, 2015, 02:11:58 PM

the question if it pays electricity

Others questions are:
How much do you pay for electricity?
How much do you pay the usb miners?

It pays for electricity, unless you have crazy high electricity costs. But if you're trying to ROI, this is more or less a good pick. Its a great USB miner, but profiting in mining Bitcoin lies elsewhere.

dunand

hero member

Activity: 637

Merit: 502

Quote from: Mitak on December 22, 2015, 02:11:58 PM

the question if it pays electricity

Others questions are:
How much do you pay for electricity?
How much do you pay the usb miners?

Mitak

full member

Activity: 126

Merit: 100

the question if it pays electricity

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: confusedxx on December 22, 2015, 01:04:53 PM

Hi guys

I am considering testing out mining. I have read a lot of mixed views. Many say you will never earn enough to pay for the power that is used. Some say differently.

I do not want to spend a thousand plus just to test and have some fun. So if I want to play and see, is there a guide for a raspberry setup running 5+ USB keys?

What are the fastest USB keys for mining?

Any direction you can provide to get me started would be appreciated

this is the fastest usb stick

https://bitcointalksearch.org/topic/run-2-closedsidehack-stickgekkoscience-compac-official-sales-thread-1126705

confusedxx

newbie

Activity: 8

Merit: 0

Hi guys

I am considering testing out mining. I have read a lot of mixed views. Many say you will never earn enough to pay for the power that is used. Some say differently.

I do not want to spend a thousand plus just to test and have some fun. So if I want to play and see, is there a guide for a raspberry setup running 5+ USB keys?

What are the fastest USB keys for mining?

Any direction you can provide to get me started would be appreciated

Topic: Usb miners that pay more than they consume in power (Read 1018 times)