Question:
How many bitcoins could I mine per day with this computer?
Falloutkid
2013-11-01 02:19:30 UTC
Ok so I am going to buy a computer to mine bitcoins, it has 16 GB of RAM, 4.4 GHZ and quad core. It will be used only for mining bitcoins, it will be used for NOTHING other than mining bitcoin and it will be in a cool well-ventilated area. Also it will be left running 24/7. I will probably just connect it up to a mainstream pool.
So roughly how many bitcoin a on average could that mine per day?
Eight answers:
Ankh
2013-11-02 12:58:28 UTC
CPU is now irrelevant

FPU is now irrelevant

GPU is fast becoming irrelevant

ASIC mining possible

CloudHashing possible



You need to do more research on mining before you purchase a PC to mine with. If you would like to mine Bitcoin you shouldn't start in the past. As more powerful hardware and hashing power comes online, the difficulty of finding a reward is ever increasing. This is a technology and hardware race to continue earning.



So, if you are intent on mining come up to speed on ASIC Mining. From Bitcoin Wiki:



An application-specific integrated circuit, or ASIC, is a microchip designed and manufactured for a very specific purpose. ASICs designed for Bitcoin mining were first released in 2013. For the amount of power they consume, they are vastly faster than all previous technologies and already has made GPU mining financially unwise in some countries and setups. https://en.bitcoin.it/wiki/Mining#ASIC_Mining



Most ASIC manufacturers have a pretty big backlog of orders, and often by the time you finally receive the hardware it could be obsolete. Read company and community forums to get a feel for who you should trust.



For example - Butterfly Labs is just now shipping preorders from March and April for it's products. In the meantime other ASIC providers hit the market and dropped hardware prices.



You may also want to check into Cloud Hashing. This is just a fancy term for hosted hashing. Essentially, they host and manage the hardware, power, internet, etc. You rent hashing power in Ghashes. Pay attention to the fees with the plans. I read one plan where you paid for 100 Ghs, but 50% went to maintain site and hardware. There is no real standard at this time, so read carefully.
anonymous
2015-08-10 14:49:22 UTC
This Site Might Help You.



RE:

How many bitcoins could I mine per day with this computer?

Ok so I am going to buy a computer to mine bitcoins, it has 16 GB of RAM, 4.4 GHZ and quad core. It will be used only for mining bitcoins, it will be used for NOTHING other than mining bitcoin and it will be in a cool well-ventilated area. Also it will be left running 24/7. I will probably just...
anonymous
2014-07-18 18:40:37 UTC
Try CEX IO. Is very good and safe. Just be ready to each time they reach a market coverage over 40% because people fear they could take all, but you can easily buy more power to mine. All the money you are thinking for buying that Computer use half and buy GH/s (mining power)



If you don't have an account yet check it out here..



https://cex.io/r/1/mrpasticho/0/
anonymous
2013-11-02 04:45:26 UTC
You should scrap that idea and buy a Raspberry Pi, they're cheap and really low power output (This is important)

Along with that get yourself a USB hub (10 slots minimum I would suggest) and USB fan and 10 ASIC USB Block Eruptor's. (Roughly 3360 MH/S)

In total you will of spent less than half the cost of a quad core desktop, and as you are only using it for mining bitcoins this is highly recommended to save yourself some money in hardware costs which are irrelevant.



Once you're setup join a mining pool to get a constant income, I suggest triplemining they have a nice lotto system and low fees. Join my pool if you're interested? http://Squedge.triplemining.com



Hope this helps
?
2014-02-25 11:30:06 UTC
if you bought 3 radeon 7970s you wouldnt mine 1 in a month... 3 7970s can only mine 2000 mh/s. you need to buy a ASIC that can do atleast 600GH/s... they make PCI/e cards that do this but are expensive. like 2200 for a 600ghs card.

IM GOING TO WARN YOU RIGHT NOW, BE WARY OF SCAMS!!!!!!!!!!!! a company "xtreme miners" has taken MILLIONS from people offering a 5 and 7TH/s miner, charger 15,000 dollars. They are complete scammers. And theres a bunch more. If they only take bitcoins, you know there scamming. Why wouldnt a company take real money? cause there SCAMMERS. Anyway, Just be very very very very very very very very vvvvveerrrryyyyy careful if your going to buy a ASIC, DO YOUR RESEARCH...



Just read this forum, so many people got burned for over 10-15k, some lost there life savings...



http://bitcoinscammers.com/xtrememiners-net/#comment-1525
?
2013-11-01 17:33:40 UTC
You won't mine many Bitcoins with that setup becuase you'll be competing against large group of miners who have joined forces and mine Bitcoins together.



I recommend you join a "Bitcoin mining pool" - you'll have a lot more luck mining bitcoins.



The largest Bitcoin mining pool is Eliquis - they have thousands of miners in their pool.
Pierre
2013-11-01 04:40:01 UTC
Not a lot... Look for articles that talk about mining with the GPU from high-end graphical cards, might be more productive...
anonymous
2013-11-01 02:26:17 UTC
The machine is irrelevant. It is your internet connection that will limit you.


This content was originally posted on Y! Answers, a Q&A website that shut down in 2021.
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