Molits Posted December 14, 2017 #1 Posted December 14, 2017 I would like to ask you guys. Is mining using Personal Computer at home is still profitable? Anyone still mining using his/her PC as of this time?
kurian Posted December 14, 2017 #2 Posted December 14, 2017 I don't think it is profitable unless you have a good hashing power. It is advisable to mine some Altcoins instead. You can calculate your profit on online calculator. Analyze it to know whether its profitable or not.
sloj Posted December 14, 2017 #3 Posted December 14, 2017 Bitcoin mining isn't possible or profitable at all unless you have an ASIC (application-specific integrated circuit). If you want to start into it as hobby, check out Gekkoscience 2PAC USB miner. It is for SHA256 algorithm based coins. Alternatively you can start mining coins that don't require ASICs using your graphics card (GPU) or CPU. You have to do your own research though on what to mine using your GPU or CPU.
Molits Posted December 14, 2017 Author #4 Posted December 14, 2017 Yes as a newbie in mining I really want to try my computer at home but I am worried that my electricity consumption will hurt me. I will try to find out regarding Gekkoscience. Thanks
wilberthh Posted December 14, 2017 #5 Posted December 14, 2017 I believe bitcoin mining is no longer profitable now, especially if you are using low graphic cards. Also don't forget you have to deal with electricity bill as well. Well it was profitable years ago, you can even get many bitcoins with personal computer with low-mid graphic card (at first). Instead of mining, why don't you learn to trading? it's 100% more profitable I believe But goodluck buddy!
Molits Posted December 14, 2017 Author #6 Posted December 14, 2017 Thank you for that wilberthh. I am still studying and reading more about cryptocurrency to understand it further. I have a lot of friends telling me they earned good in trading and crypto lending.
Dextract Posted December 14, 2017 #7 Posted December 14, 2017 1 hour ago, Molits said: I would like to ask you guys. Is mining using Personal Computer at home is still profitable? Anyone still mining using his/her PC as of this time? Whats the hash power you get when mining it depends on some computers. Search in google whattomine a site which helps you to know wjat you should mine Happy Mining
remember Posted December 14, 2017 #8 Posted December 14, 2017 no. it will kill you your computer. mining using personal computer is bad bad bad way. it made pc always at 100% CPU .
Dextract Posted December 14, 2017 #9 Posted December 14, 2017 You can increase or decrease the number of threads you wanna use or better is mining in coinhive site or There are auto faucets just use blocker and then they pay you the mining bonus amount
sloj Posted December 14, 2017 #10 Posted December 14, 2017 Yes, without proper cooling it can damage or decrease the life of the CPU or GPU. Mining is a very resource hungry operation.
Molits Posted December 14, 2017 Author #11 Posted December 14, 2017 Thanks for all your advice guys. Now I rest my case
ktfor57 Posted December 14, 2017 #12 Posted December 14, 2017 I think we can earn more bitcoins betting or trading instead of mining
skillex Posted December 14, 2017 #13 Posted December 14, 2017 Bitcoin mining today or this year is no longer profitable compared on 2011 to 2014, i just read it here though https://www.buybitcoinworldwide.com/mining/profitability/
Molits Posted December 14, 2017 Author #14 Posted December 14, 2017 Thanks guys. I think I have to focus on trading instead of mining. Aside from frying my CPU and GPU I might be surprised with my electricity bill later.
barbaris Posted December 14, 2017 #15 Posted December 14, 2017 Do not even try to mine on a home computer, it's not profitable and bad for your PC.
Grifter Posted December 14, 2017 #16 Posted December 14, 2017 4 hours ago, Molits said: I would like to ask you guys. Is mining using Personal Computer at home is still profitable? Anyone still mining using his/her PC as of this time? i didnt mine bitcoins, i only mine alt coins, and i got some profits of it....
Grifter Posted December 14, 2017 #17 Posted December 14, 2017 1 minute ago, Han2x said: Can you share us some tips and sites on where to mine it @Grifter. I will be glad to try it. Thanks in advance. Mine Doge, litecoin, Etn, dash, Monero, and ripple. ill pm you later han2x....
skywallkee Posted December 14, 2017 #18 Posted December 14, 2017 Bitcoin mining with the personal computer isn't a thing anymore for at least 2 years. The only way you can mine and make some profit mining is by having a high-end pc. I saw that GTX 1080 Ti is pretty popular nowadays for mining, even so, it doesn't guarantee a big profit. You will surely need an ASIC. But if you try mining altcoins, you can make some profit. There are a few coins that over time will bring you success. I'm using minergate to mine and it works nice, I do have profit (very small, counting the electricity bill, but it is a profit overall). If you do care about your PC, you should never use it at full capacity. Don't mine on all your threads you have, save at least one for it and if you're doing something else, then you'll need at least 2 saved.
otomatis Posted December 14, 2017 #19 Posted December 14, 2017 if you still want to use your cpu to mining, try Monero. it's still profitable i think. or if you want simple mining using cpu, try computta. my ref links : https://computta.com/?ref=76089 for those who hate ref.links, here is the non ref links computta.com
Snike Posted December 15, 2017 #21 Posted December 15, 2017 I've done some research on this topic myself for long time now and I am sure the only way to be profitable with your PC at home is to invest in a pool mining site (be sure its not a scam)
skillex Posted December 15, 2017 #22 Posted December 15, 2017 If I may suggest, if youre eager to mine then mine for ripple and monero or ETN i can guarantee you for a great income in the future @Molits because thid coins hashrates and block is attainable right now compared to bitcoin that you still need to spend a thousand bucks just to afford and buy hash power 7 minutes ago, Snike said: I've done some research on this topic myself for long time now and I am sure the only way to be profitable with your PC at home is to invest in a pool mining site (be sure its not a scam) Thanks for this info, ill try this pool thing you mention too
xtinepink Posted December 15, 2017 #23 Posted December 15, 2017 lol I don’t really know about this stuffs but I was checking about bytecoin and saw a post about mining on windows, it was posted on their blog. You can check here. Hope this helps. https://bytecoin.org/blog/guide-how-to-mine-bytecoin-on-windows
mmo21st Posted December 15, 2017 #24 Posted December 15, 2017 You can mining XMR or other coin with PC, I think MinerGate is the best choice
barbaris Posted December 15, 2017 #25 Posted December 15, 2017 1 minute ago, SuddenlyBroke said: How much do ASIC's cost? are there different types of ASICs? I've heard the term before but never looked into it. I managed to take one for 1000$. But now cost up to 5000$ I use ASIC antminer s9
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