Generally hardware wears down with use. On the other hand, you might have some malware that is just bitcoin there to steal calculator wallet bitcoin beware of decrypting calculator and mhps forth. This can usually be found on your monthly electricity bill. You are just able to use this generator for the next. Every transistor has a mhps lifespan, but it's temperature related.
Is this the right way? I'm still brand new too, so I might be misunderstanding something as well, but when people talk about earning 0. Some PGP public keys you should import: Views Read View source View history. Log in or sign up in seconds. To see whether you will earn any money, you need to input a few pieces of data into a special calculator:
Think my partner and I will jump in and mine Bitcoin bitcoin LiteCoin calculator one machine each. Microsoft Windows 7 x64 Client: Not too sure bitcoin the DragonMint machine lots of mhps press out there but Slush does sound reputable. The current number of Mhps awarded per block is Addresses can be a one-time use thing or you can use the calculator address for a long period of time.
This data was taken from an advanced Bitcoin mining calculator using the following stats: Date of calculation — August This result can change depending on your own electricity cost, the change in mining difficulty and most importantly the change in the price of Bitcoin. So even though home mining is an expensive business there are still other option that may be relevant for you to get into the mining game at a lower cost.
This means that you do not buy a physical mining rig but rather rent computing power from a different company and get paid according to how much power you own. However, when you do the math it seems that none of these cloud mining sites are profitable in the long run.
But make sure to do the math before putting your money into any of these plans. One more option you can consider is mining Altcoins instead of Bitcions.
Today there are hundreds of Altcoins available on the market and some of them are still real easy to mine. Some good examples for Altcoins are Litecoin , Dogecoin and Peercoin. I n order to understand which Altcoins are profitable you can find website indexes such as CoinChoose that give you a complete Altcoin breakdown.
On CoinChoose you can see the difficulty for each Altocoin, where can you exchange them and what are the chances to profit Bitcoins by mining each specific Altcoin.
My guess is that in the long run you could make a profit from Bitcoin mining but only if you invest a considerable amount of money in a good mining rig e.
You must really be careful as there are so many scams out there! Good Luck people, be weary. I have heard Hashflare and Genesis are trustworthy. Only ones I know for sure. It could still be profitable. Also, they have a great support team. Been happy with them.
Asic based machines only. I just finished writing an article on Ethereum mining for this site and I covered the Titan V. I can afford to buy an S9 machine and the monthly electricity costs, but is that enough??
How long is an S9 expected to be the best machine? Thanks, Steven, very helpful. Not too sure about the DragonMint machine lots of negative press out there but Slush does sound reputable. Think my partner and I will jump in and mine Bitcoin and LiteCoin with one machine each. MinerGate is an established smart-mining multipool that allows you to mine all of the top cryptocurrencies, including XMR. Hi Emmanuel, please post your question here or in our Ask Me Anything section: Last updated on November 24th, at Select miner Released How much electricity does your miner consume?
Avalon 7 November WW 0. AntMiner S7 August W 0. AntMiner S5 December W 0. Avalon 6 August W 0. It has a small chance of mining a block but does not generate monthly revenue. Notify of new replies to this comment.
Thanks for the stats - I used the posts above in this thread to compile a table at https: Some data is missing, please feel free to edit. November 26, , Pentium R III mobile cores: Intel R Atom tm N cores: Another 2 GPUs tested: Windows Vista 64bit model name: Use your freedom, use bitcoins! Universal Bitcoin Smartcard coming soon. December 02, , Here are two additional statistics: Microsoft Windows 7 x64 Client version: However, if other members could define the needed specifications or explain how to obtain additional precision, I would be glad to provide the data.
On a side note, my iM seems to have a lower hash rate than racerx's iM. Is there an optimum parameter for the processors that I should use to obtain higher hash rates? BitLex on December 03, , December 03, , Microsoft Windows 7 x64 Client: Microsoft Windows 7 x64 Miner: FlyingMoose on November 08, , MrFlibble on November 22, , OS is windows 7 64bit Dual Xeon 16 logical cpus 8 physical cores with hyperthreading Offical Client 0.
It will take you wherever you wish, but it will not replace you as the driver. Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own. I don't do CPU generating anymore, but those who do may be interested in my experience. This is on Fedora 12 Linux. Powered by SMF 1.