Mine as many alt coin using SHA 256 as you can. There are some that are really profitable.
Nah, none are more profitable then BTC.. look http://www.coinchoose.com/index.php
Topic: What else can you do with an Asic USB Miner? (Read 16107 times)
Nah, none are more profitable then BTC.. look http://www.coinchoose.com/index.php
Mine as many alt coin using SHA 256 as you can. There are some that are really profitable.
Make the USB miner into keychain and use it to mine whenever you get free electricity..
Well, the only thing I can think of is use ASIC USB Miner for heating which most people already knew. Other then that its uselesss....
How about mining?Yeah mining but soon, the electricity charges will be higher then that....
Well, the only thing I can think of is use ASIC USB Miner for heating which most people already knew. Other then that its uselesss....
How about mining? 
Well, the only thing I can think of is use ASIC USB Miner for heating which most people already knew. Other then that its uselesss....
sold my last 3 for £55 phew!!
i hit roi on them though, by selling weekly contracts on ebay
people paid well over the odds to test the water
i hit roi on them though, by selling weekly contracts on ebay
people paid well over the odds to test the water
I bought 10 of them for 1 BTC, I will keep them running and hope that BTC price goes up. They are not power hungry, so they can run forever
Seriously though I will probably tuck mine away in a corner somewhere and rely on pure luck to find a solo mine block.
Seems to be the way to go - I'm trying some alt mining for now just to give it a shot first.
They make perfect keychains 
On a serious note though, you got it cheaper than a lot of folks out there. I would run them anyways. There's always the possibility of the exchange rate compensating for the ineffectiveness of the product.
Think of it as gambling. ~30W power consumption hopefully won't make you bankrupt.
On a serious note though, you got it cheaper than a lot of folks out there. I would run them anyways. There's always the possibility of the exchange rate compensating for the ineffectiveness of the product.
Think of it as gambling. ~30W power consumption hopefully won't make you bankrupt.
Modern chainmail (EruptorMail) armor or the newest trend in earring fashions.
Seriously though I will probably tuck mine away in a corner somewhere and rely on pure luck to find a solo mine block.
Seriously though I will probably tuck mine away in a corner somewhere and rely on pure luck to find a solo mine block.
Xmas gifts this year. Give them to people who you think will show an interest in bitcoin and join the community
If you have a LOT of them, you can definately use them as Xmas lights while mining on alt-coins. I just joined TomPool for Alts and damn I love seeing the lights blink more often than BTC mining haha
The consensus around here about trying to get into mining now using USB miners is now pointless. With the difficulty rate and the ROI it doesn't make sense to buy USB miners - unless you want make this a hobby and tell your friends and family that you are 'mining' for Bitcoins.
So what else can you do with USB miners? Is there another virtual currency that you can use USB miners for or will these be paper weights?
So what else can you do with USB miners? Is there another virtual currency that you can use USB miners for or will these be paper weights?
Nothing much you can do, sell it while it still have some value.
Hello peeps ,
I come across threads talking about mining being dead but I do not understand why .
My thoughts :-
1) Mining is the simplest most anonymous way to obtain Bitcoins .
But the Bitcoins obtained by mining hardware are generally more expensive than those bought directly on an exchange because miners are heavily overpriced.I come across threads talking about mining being dead but I do not understand why .
My thoughts :-
1) Mining is the simplest most anonymous way to obtain Bitcoins .
Quote
2) Running miners in a home could allow you to lower your central heating thermometer transferring the energy to a heat producing source (miner)that also produces value (bitcoins ).
Heating with electricity is not very cost-effective. There are much cheaper forms of energy if all you need is heat.Quote
3) Miners placed into mineral oil with stones or bricks will release heat long after you turn the miners off .
Yes but only as much as the energy they consumed. And remember, that energy was pretty expensive to start with.Quote
4) Using miners as a replacement heating source negates the electricity cost .
If you would heat with electricity anyway, that's true. Direct heating with electricity is however not cost-effective in most parts of the world (I think the ISS is heated electrically, as burning stuff inside might be a little hazardous )Quote
5) with enough miners you could in fact place them in a sealed container filled with mineral oil and use them to heat your hot water system to save on make your energy usage more efficient while still producing a product with value ?
I may misunderstand some of the reasons for saying mining is "dead" but I feel that wasting the heat provided by our miners needs some thinking outside the box .
A usb miner placed into a 2 litre bottle of mineral oil can be used to keep a larger bowl of water warm ,while cooling the miner .
If we look at usb miners as a heating element then mining seems to be a case of adjusting your hash power to suit your income requirements .
I may misunderstand some of the reasons for saying mining is "dead" but I feel that wasting the heat provided by our miners needs some thinking outside the box .
A usb miner placed into a 2 litre bottle of mineral oil can be used to keep a larger bowl of water warm ,while cooling the miner .
If we look at usb miners as a heating element then mining seems to be a case of adjusting your hash power to suit your income requirements .
Again, electricity is a pretty expensive source of heat, even if it is being used to mine some mBTC as a byproduct...
Onkel Paul
Seven Steps how to Profit using Asic USB Miner
1. Create new SHA256 algorithm based alt coin.
2. Premine the coin
3. Add the coin to exchanges
4. Pump the coin
5. Dump the coin
6. Profit
7. Rinse and repeat
this only a joke.. don't try this at home.
1. Create new SHA256 algorithm based alt coin.
2. Premine the coin
3. Add the coin to exchanges
4. Pump the coin
5. Dump the coin
6. Profit
7. Rinse and repeat
this only a joke.. don't try this at home.
OK, I'll just do it at work then lol
Seven Steps how to Profit using Asic USB Miner
1. Create new SHA256 algorithm based alt coin.
2. Premine the coin
3. Add the coin to exchanges
4. Pump the coin
5. Dump the coin
6. Profit
7. Rinse and repeat
this only a joke.. don't try this at home.
1. Create new SHA256 algorithm based alt coin.
2. Premine the coin
3. Add the coin to exchanges
4. Pump the coin
5. Dump the coin
6. Profit
7. Rinse and repeat
this only a joke.. don't try this at home.
Hello peeps ,
I come across threads talking about mining being dead but I do not understand why .
My thoughts :-
1) Mining is the simplest most anonymous way to obtain Bitcoins .
2) Running miners in a home could allow you to lower your central heating thermometer transferring the energy to a heat producing source (miner)that also produces value (bitcoins ).
3) Miners placed into mineral oil with stones or bricks will release heat long after you turn the miners off .
4) Using miners as a replacement heating source negates the electricity cost .
5) with enough miners you could in fact place them in a sealed container filled with mineral oil and use them to heat your hot water system to save on make your energy usage more efficient while still producing a product with value ?
I may misunderstand some of the reasons for saying mining is "dead" but I feel that wasting the heat provided by our miners needs some thinking outside the box .
A usb miner placed into a 2 litre bottle of mineral oil can be used to keep a larger bowl of water warm ,while cooling the miner .
If we look at usb miners as a heating element then mining seems to be a case of adjusting your hash power to suit your income requirements .
I come across threads talking about mining being dead but I do not understand why .
My thoughts :-
1) Mining is the simplest most anonymous way to obtain Bitcoins .
2) Running miners in a home could allow you to lower your central heating thermometer transferring the energy to a heat producing source (miner)that also produces value (bitcoins ).
3) Miners placed into mineral oil with stones or bricks will release heat long after you turn the miners off .
4) Using miners as a replacement heating source negates the electricity cost .
5) with enough miners you could in fact place them in a sealed container filled with mineral oil and use them to heat your hot water system to save on make your energy usage more efficient while still producing a product with value ?
I may misunderstand some of the reasons for saying mining is "dead" but I feel that wasting the heat provided by our miners needs some thinking outside the box .
A usb miner placed into a 2 litre bottle of mineral oil can be used to keep a larger bowl of water warm ,while cooling the miner .
If we look at usb miners as a heating element then mining seems to be a case of adjusting your hash power to suit your income requirements .
I think we're past the point of anyone in their right mind believing these will make a profit at any cost except with extreme luck solo mining. Consider buying one of these as buying a toy only and only pay what you would be happy to pay for such a toy.
I'm thinking about getting one to use with an RPi, think it would be kind of neat, but probably never pay itself off.
Well I have a Raspberry Pi already + $10 Amazon gift card.... Hmmm...
Well I have a Raspberry Pi already + $10 Amazon gift card.... Hmmm...
well make sure you get one for $5. They don't ROI at higher prices if you are interested in profiting.
you kidding right? with 200 million diff next and with all major hash machines coming into the market that will take the diff to 500 million by years end, 50 cents is a good price. ASIC Miner sold millions of dollars at 95% profit, they are now flooded with urupters they can't sell nor will ever be able to sell, unless they do it as a vanity. Talking about striking it rich with BTCs lol
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