Question for Bitcoin Gurus

[2MuchMark]

Is there bitcoin mining software that can run on Linux, and that will see and take advantage of all available GPU's in addition to using all of the CPU Cores?

[pimpmaster9000]

Mining BTC with GPU is throwing money out the window...

[JFK]

Originally Posted by crucifissio

Mining BTC with GPU is throwing money out the window...

is buying Btc as well ?

[rowan]

Originally Posted by 2MuchMark

Is there bitcoin mining software that can run on Linux, and that will see and take advantage of all available GPU's in addition to using all of the CPU Cores?

Is it 2010?

If so, the answer is YES!

You can mine Bitcoin on a GPU, but you'll spend a shitload in electricity to make a few cents that you won't even be able to use (a typical transaction now costs a few dollars in fees). Custom ASICs took over mining several years ago.

[rowan]

I plugged in 100MH/s (which is a rough rate for a half decent card) into a mining calculator and got back 0.00000002 BTC/day

That's approximately one one-hundredth of a cent.

[PornDude]

Mining bitcoin = money wasting.

Unless you get free electricity.

[Spunky]

It will never work

[Sarn]

Arch: pacman -S bfgminer
Debian: aptitude install bfgminer
Gentoo: emerge bfgminer
OpenWrt: opkg repository for 15.05
Ubuntu: apt-get install bfgminer
BFGMiner - a modular ASIC/FPGA Bitcoin miner

[gnawledge]

Believe it or not it is a waste of electricity. You should just buy small dollar amounts at a time, or just say fuck it.

Bitcointalk has a lot of information. But unless you use a solar panel to a machine or computer it?s a waste.

[rowan]

Originally Posted by PikaPoka

Mining bitcoin = money wasting.

Unless you get free electricity.

Mining with a GPU is still pointless even when it's 'free'. You'd be lucky to make a dollar after a year of going flat out. I guess if the winters are cold, it will warm your house.......

With the value of BTC going up significantly in the past 6 months the cost of acquiring dedicated equipment (if you can even find it for sale) has also increased. There's really no point making a capital investment then waiting for months just to break even (hopefully) as you use it to mine. May as well just buy and hold BTC.

[CoolMikey]

[timeline pic]

[Ferus]

Even with the fastest computer, it will be a HUGE waste of money. Mining one bitcoin with just a PC now takes millions of years. You'll want a 1 TH/s or faster ASIC machine to start a small mining-at-home operation. -- so NO, never use a PC, no matter how much hardware you have.

You may buy miners here https://www.ebay.com/sch/Miners/179171/i.html
But its not worth it.

I trade my bitcoin (and other values) on https://www.etoro.com instead.

[2MuchMark]

Hi everyone, Thanks for the advice.

I have a couple of super-fast PC's with NVIDIA graphics cards left over from a previous project that so far generated about $1.59USD Per Day each. I'm thinking they are running slowly thanks to Windows 10 on each machine, and that switching to Linux might be more efficient. I could also add more GPU's too but I think Windows might be a serious hog in this setup.

I also have some servers sitting in a rack at our colocation and was thinking about running BTC mining software on them, but they don't have GPU's. I pay a flat rate for electricity there so I want to put those machines to use, but didn't think it would do anything if they didn't have GPU's. So, does modern BTC mining software not care (much) for machines without GPU's anymore?

I'm thinking about buying some ASIC's but I'm not ready to take the plunge yet. I'l still experimenting.

And of course its easier to make money buying & selling than just mining. I'm mostly just playing with it right now.

Cheers!

[Ferus]

Originally Posted by 2MuchMark

Hi everyone, Thanks for the advice.

I have a couple of super-fast PC's with NVIDEA graphics cards left over from a previous project that so far generated about $1.59USD Per Day each. I'm thinking they are running slowly thanks to Windows 10 on each machine, and that switching to Linux might be more efficient. I could also add more GPU's too but I think Windows might be a serious hog in this setup.

I also have some servers sitting in a rack at our colocation and was thinking about running BTC mining software on them, but they don't have GPU's. I pay a flat rate for electricity there so I want to put those machines to use, but didn't think it would do anything if they didn't have GPU's. So, does modern BTC mining software not care (much) for machines without GPU's anymore?

I'm thinking about buying some ASIC's but I'm not ready to take the plunge yet. I'l still experimenting.

And of course its easier to make money buying & selling than just mining. I'm mostly just playing with it right now.

Cheers!

I would rather sell the used hardware, than trying to make money from mining with it.

[rowan]

Originally Posted by 2MuchMark

I have a couple of super-fast PC's with NVIDIA graphics cards left over from a previous project that so far generated about $1.59USD Per Day each.

This doesn't sound right. Are you sure you're mining Bitcoin? As per above you would be lucky to make a fraction of one cent per day when mining Bitcoin with a typical GPU.

Originally Posted by 2MuchMark

So, does modern BTC mining software not care (much) for machines without GPU's anymore?

CPU mining Bitcoin was only viable when it first started. GPUs took over once it gained more appeal.

CPU -> GPU -> FPGA -> ASIC

[rowan]

Originally Posted by Ferus

I would rather sell the used hardware, than trying to make money from mining with it.

I switched off my scrypt miner in 2015 when the value it was mining was close to the cost of electricity.

I thought about selling it at the time, but then decided I'd keep it. Very glad I did, because I switched it back on a few months ago, and it's since netted me several thousand bucks more.

[Sarn]

For CPU can install this and choice altcoin
https://minergate.com/

[pimpmaster9000]

ASIC miners are a scam IMO...why would they sell them instead of using them? Sounds fishy to me...

[2MuchMark]

Originally Posted by rowan

This doesn't sound right. Are you sure you're mining Bitcoin? As per above you would be lucky to make a fraction of one cent per day when mining Bitcoin with a typical GPU.

Yup!



I just turned the machine on last night at around this same time yesterday, but had to turn it off for about an hour while I got VNC working. (Now I have a new problem. The stupid computer won't boot-up without a monitor connected. Frack).

Originally Posted by rowan

I switched off my scrypt miner in 2015 when the value it was mining was close to the cost of electricity.

I thought about selling it at the time, but then decided I'd keep it. Very glad I did, because I switched it back on a few months ago, and it's since netted me several thousand bucks more.

Correct. Maybe at the time the value of Bitcoins was much lower, so mining even on a super-fast ASIC wasn't terribly interesting. Today though its another story, hence my interest.

Originally Posted by Sarn

For CPU can install this and choice altcoin
https://minergate.com/

Was checking them out. Looks interesting!

Originally Posted by crucifissio

ASIC miners are a scam IMO...why would they sell them instead of using them? Sounds fishy to me...

They probably are, but maybe they just run out of space and or resources. That many machines requires a ton of power, a ton of AC, etc etc. Plus, why limit themselves to just using the machines themslves?

[mineistaken]

Originally Posted by gnawledge

Believe it or not it is a waste of electricity. You should just buy small dollar amounts at a time, or just say fuck it.

Bitcointalk has a lot of information. But unless you use a solar panel to a machine or computer it?s a waste.

is solar now the cheapest energy?

[rowan]

Originally Posted by 2MuchMark

That looks like a multipool which pays out in BTC. You're actually mining another coin - and the choice of coin can change depending on its value - then they sell it on an exchange and give you BTC. So yeah, it's almost always more profitable to mine something besides Bitcoin. Question is, are you still breaking even?

[JohnnyPearl]

Just buy Antminer S9. Here in Quebec with the current price for electricity and 5700$ US for a bitcoin, you'll make about 0.0025 Bitcoin a day per machine. Any other way is not worth the time or power.

Check this link out for more info on your setup https://www.cryptocompare.com/mining...n=&CostPerkWh=

[rowan]

Originally Posted by JohnnyPearl

Just buy Antminer S9. Here in Quebec with the current price for electricity and 5700$ US for a bitcoin, you'll make about 0.0025 Bitcoin a day per machine. Any other way is not worth the time or power.

Check this link out for more info on your setup https://www.cryptocompare.com/mining...n=&CostPerkWh=

4730 TH/s?

The problem with buying dedicated hardware, especially as a retail amateur, is that it will take some time to break even. Some rough calcs suggest at least 6-8 months at current value to pay back the purchase price of an S9, and over that time difficulty is likely to increase, so the payback could be heading more towards a year. By then your equipment is almost obsolete and you have to start the cycle over.

[freecartoonporn]

if you are new to mining and dont want to invest in hardware and fix numerous issues.,

then your best bet is get cloudminnig contract.
or
buy btc directly.

[2MuchMark]

Originally Posted by rowan

That looks like a multipool which pays out in BTC. You're actually mining another coin - and the choice of coin can change depending on its value - then they sell it on an exchange and give you BTC. So yeah, it's almost always more profitable to mine something besides Bitcoin. Question is, are you still breaking even?

I have no idea - right now I'm just playing with all of this stuff.

Originally Posted by JohnnyPearl

Just buy Antminer S9. Here in Quebec with the current price for electricity and 5700$ US for a bitcoin, you'll make about 0.0025 Bitcoin a day per machine. Any other way is not worth the time or power.

I was thinking about that. I'm in Quebec too so electricity is nice and cheap thats for sure. The main problem I have with this machine is the noise and heat it seems like it produces, at least that's what I saw on Youtube.

Originally Posted by rowan

4730 TH/s?

The problem with buying dedicated hardware, especially as a retail amateur, is that it will take some time to break even. Some rough calcs suggest at least 6-8 months at current value to pay back the purchase price of an S9, and over that time difficulty is likely to increase, so the payback could be heading more towards a year. By then your equipment is almost obsolete and you have to start the cycle over.

That's right, but there are people out there who are interested in buying smaller or out of date units too... except that I don't think they will work. As BTC becomes more complex it becomes harder to mine, so ever-faster machines will be required. Even worse, anyone who buys the old machines is just wasting their money unless they get a fast one dirt-cheap.

Originally Posted by freecartoonporn

if you are new to mining and dont want to invest in hardware and fix numerous issues.,

then your best bet is get cloudminnig contract.
or
buy btc directly.

I've been testing a cloud mining setup too. Super easy to get started, but pricey. ($279 gets you only 150 H/s which is less than what I have running on one of my old desktops right now. I'm just a beginner but it looks like you have to have some serious money and spread it out across a few different products in order to have it work. Of course I could be wrong... I probably am.

But yes by far the best way to make money in BTC is to just buy and sell. BTC's up 4.2% since yesterday. Amazing.

[NickBaer]

There's plenty of "Mining" sites, offering payouts like 10% per day. They may or may not be Ponzis, but invest what you are comfortable with risking (your "investment" is "forever" but never itself returned), and withdraw as often as your daily earnings allow.

At 10% per day, that "never returned" investment is already earned back in 10 days. At 3% per day, that "never returned" investment is already earned back in 30 days.

If the site lasts longer, thus the definition of "forever," you're swimming in BitCoin gravy.

There's plenty of younger, but older, guys who run Mining sites that you can "invest" in. Get in early, watch every day- get earnings out early, and often.

"Mining" also rides the wave of hourly fluctuations in BitCoin Buy/Sell rates. There's also "IPOs" to watch for, "Trading" sites, "Margin" sites. There's more to AltCoins that just buying and selling.

As for IPOs: a recent ad campaign stated if you had bought $5(USD) of BitCoins in 2010, that $5 would now be worth $5 million+. Thus, spending $5/£5/?5/5CAD on a new Coin, would not be against history.

[asklaurine]

As many others from here i can tell you that you can. Using GPUs can do that but you need cooling systems and free energy source😃

[adultchatpay]

Bitcoin mining is interesting.

[Sarn]

nicehash, as I know, take % from earning and mining pool altcoins through include inside other miners. some that miners have viruses(antivirus avast detected ).
need to try use direct miner
https://bitcointalk.org/index.php?topic=826901.0

[JohnnyPearl]

Originally Posted by 2MuchMark

I was thinking about that. I'm in Quebec too so electricity is nice and cheap thats for sure. The main problem I have with this machine is the noise and heat it seems like it produces, at least that's what I saw on Youtube

I can tell your personally that it produces heat. When I enter my mining room I have to be in my underwears lol!! The noise you hear is the sound of money so I don?t mine hearing it. Plus if I don?t hear them, then I know I have a problem.

Check out AntPool and Slushpool for mining pools. They seem to be the best in my opinion. If you want to buy and sell bitcoins in Canada check out quadrigacx.com

[2MuchMark]

Originally Posted by JohnnyPearl

I can tell your personally that it produces heat. When I enter my mining room I have to be in my underwears lol!! The noise you hear is the sound of money so I don?t mine hearing it. Plus if I don?t hear them, then I know I have a problem.

Check out AntPool and Slushpool for mining pools. They seem to be the best in my opinion. If you want to buy and sell bitcoins in Canada check out quadrigacx.com

Thanks JP!

[mineistaken]

Originally Posted by NickBaer

There's plenty of "Mining" sites, offering payouts like 10% per day. They may or may not be Ponzis

Yeah, may not be ponzis. Because they certainly could earn much more than 10% daily themselves, thus giving 10% is good business for them.

Lol

[MaDalton]

Amateurs!



https://www.slavorum.org/largest-bit...cret-location/