What are options to mine a profitable crypto on my computer. - page 11.

fancywarlock

copper member

Activity: 15

Merit: 1

CTO, bitcoinR

Quote from: ?? on ??

Quote from: PochJvb on May 19, 2020, 12:43:37 AM

Quote from: adaseb on May 17, 2020, 11:50:21 PM

I will save you the hassle of investigating further and just say that there is nothing that you can mine on that laptop. You shouldn't ever even mine on a laptop due to a fire risk of the battery exploding.

Right now mining is very competitive and BTC even had a halving which makes it more competitive. The cheapest way to mine if you still want to is to get a desktop and buy a RX 470 8GB GPU for like $100 and mine ETH, you will make like $0.25 a day before electrical, after electrical probably nothing. So if you want to get involved in crypto just buy the coins directly as an investment. If it was that easy to mine with a $50 laptop, everybody would be doing it.

Thank you for the valuable suggestion, bitcoin mining is no more profitable for beginners and for those who don't have specific hardware to mine. Even then on this thread we see options like

ETN - Electroneum - https://electroneum.com/

MASS - https://massnet.org/en/

Trust me, every coin is quickly optimized and with difficulty makes it unprofitable for random hardware like a laptop, especially with the cost of damage to components not meant for that kind of workload and heat. If you really want to mine instead of buy coin, you will need to build a rig or or learn about an alternative.

This is true. I could not believe how quickly CPU mining was optimized out by GPU miners for bitcoinR (XBR). We did a little bit of investigation and found that it was a single person who was a video editor for a local news channel leveraging his high-performance GPUs in his video editing rigs and that's what kicked off the competition for hashpower. It's very interesting to observe. You can watch it here: Blockchain Explorer:
bitcoinR Block Explorer.

We went from <500 in difficulty to 48,693,306 within the span of a few hours. Insane.

PochJvb

jr. member

Activity: 72

Merit: 3

Quote from: adaseb on May 17, 2020, 11:50:21 PM

I will save you the hassle of investigating further and just say that there is nothing that you can mine on that laptop. You shouldn't ever even mine on a laptop due to a fire risk of the battery exploding.

Right now mining is very competitive and BTC even had a halving which makes it more competitive. The cheapest way to mine if you still want to is to get a desktop and buy a RX 470 8GB GPU for like $100 and mine ETH, you will make like $0.25 a day before electrical, after electrical probably nothing. So if you want to get involved in crypto just buy the coins directly as an investment. If it was that easy to mine with a $50 laptop, everybody would be doing it.

Thank you for the valuable suggestion, bitcoin mining is no more profitable for beginners and for those who don't have specific hardware to mine. Even then on this thread we see options like

ETN - Electroneum - https://electroneum.com/

MASS - https://massnet.org/en/

rdluffy

legendary

Activity: 2450

Merit: 1472

It's not good to mine without good hardware, and with laptops you will kill the battery and probably the laptop, mining requires some good way to dissipate the heat

But you can "mine" with your Smartphone

There's a coin: ETN - Electroneum - https://electroneum.com/

You can download the app on your smartphone and the app simulate a mining operation based on the power of your device, and will not consume any power or resources, the app can be closed
The only effort you will need to do is to enter on the app once a week and press a button to extend the reward

It's not a huge amount of money, but if you hold for some months the amount will be good

If you need better explanation, please leave a comment here, but it's very easy

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: PochJvb on May 17, 2020, 08:02:19 PM

Quote from: RozoTheMiner on May 15, 2020, 08:42:56 PM

~ snip ~

I should also ask you what components do you have in your computer

I have a HP laptop not very special just a normal one with 500 GB HDD, 8 GB RAM and Core i5 Processor. I don't my laptop has expensive components that I can use to mine any coin that requires extensive processing.

I will save you the hassle of investigating further and just say that there is nothing that you can mine on that laptop. You shouldn't ever even mine on a laptop due to a fire risk of the battery exploding.

Right now mining is very competitive and BTC even had a halving which makes it more competitive. The cheapest way to mine if you still want to is to get a desktop and buy a RX 470 8GB GPU for like $100 and mine ETH, you will make like $0.25 a day before electrical, after electrical probably nothing. So if you want to get involved in crypto just buy the coins directly as an investment. If it was that easy to mine with a $50 laptop, everybody would be doing it.

PochJvb

jr. member

Activity: 72

Merit: 3

Quote from: RozoTheMiner on May 15, 2020, 08:42:56 PM

~ snip ~

I should also ask you what components do you have in your computer

I have a HP laptop not very special just a normal one with 500 GB HDD, 8 GB RAM and Core i5 Processor. I don't my laptop has expensive components that I can use to mine any coin that requires extensive processing.

PochJvb

jr. member

Activity: 72

Merit: 3

Quote from: MASSNET on May 15, 2020, 11:55:25 PM

Why not try mining MASS？

You mean I can mine this with staking just my hard disk. That's I am hearing for the first time. May I ask what is ROI on this? One more thing more HDD I bring more coins I can mine. It will be the same like PoW then more hash more you have more BTC you can get.

adaseb

legendary

Activity: 3808

Merit: 1723

There are ways to mine however you need to invest some money. First issue is your electrical bill, if its like $0.10 kwh then its not worth mining anything. If its half that then you have some options.

You can get an ASIC however the latest ones are very expensive. At the current rates you will only make a profit if the underlying coin goes up in the near future. Hence you might as well just buy BTC and hold it.

You can get a desktop computer and buy a GPU like an RX 470 8GB and make like $0.25 per day per card before electrical costs. Same with getting a high end CPU like Ryzen and mining XMR. However the profits are small. There really is no point at the moment.

MASSNET

copper member

Activity: 31

Merit: 6

Why not try mining MASS？

JayDDee

full member

Activity: 1424

Merit: 225

There are no shortcuts to answer your question, it takes personal experience. However, I would advise never
to mine with anything that has a battery unless it's ready to be junked anyway. Mobile devices aren't designed
to be run hard and don't have the heat dissipation necessary for 24*7 operation at full load. It could also be a fire hazard.

RozoTheMiner

full member

Activity: 200

Merit: 103

Hello Bitcoin World!!

You can speculation mine. Grandpa did and made 8k or so =)

Grandpa's Cryptocurrency Mining Update With His Alienware Area 51 PC
https://youtu.be/xTLRXOKL2dg

If you're interested in speculating into a newer project that I would look into https://veruscoin.io/

It's one of the most profitable CPU mineable coins available and you can stake what you mine for a 28% yearly Roi.

This video focuses on one major Tech release that happened but I also skim the surface of a lot of other technology and potential that it has.

Major Cryptocurrency Mining Opportunity - Watch NOW!
https://youtu.be/mygBphTBYpE

I should also ask you what components do you have in your computer

SesAnn3

jr. member

Activity: 33

Merit: 1

Good question but for that you have to search yourself. I suggest find some options and discuss here with senior members. Try to do the handwork yourself rather then finding it easily.

PochJvb

jr. member

Activity: 72

Merit: 3

I dont have the financial capacity to mine bitcoin. Is there anything I can mine profitably using my ordinary electronic gadgets like laptop, mobile and related stuff?

Topic: What are options to mine a profitable crypto on my computer. - page 11. (Read 3872 times)