New to mining. Electricity is free. What are some low cost hardware options that'll make enough for grocery costs?
I've been using nicehash on my gtx 1060 and my fx-8350 the last couple days, netting me a whopping $3.12 in 2 days. That's an extra 539 a year so it at least pays for 5/8ths of a months rent. However, I have about $450 to spare that I was going to use to buy bitcoin. I would like to, instead, buy a cheap mining rig that can at least make a couple hundred a month. At my current $46.8/month mining, I think a cheap dedicated rig could easily pull that off, right? I found a "AsicMiner Blade Block Erupter" for $50 on ebay that looks like it doesn't take much power, can be attached to my gaming rig's PSU, and gets 10Gh/s. My nicehash states im currently getting 29Mh/s, so that's a substantial, simple upgrade, right? All in all, if there are other options that I can easily attach to my computer, rather than a separate power supply, that's be amazing EDIT: i suspect my current 29Mh/s is wrong, or the online mining calculators are off, because when i plug in that rate it shows i make about $0.014 per year, which clearly doesnt match up. Can someone confirm this?
Want to invest in bitcoin but willing to accept more risk for more return? Maybe investing would be right for you!
As we all know, companies such as AsicMiner are currently kicking butt with their asics by releasing the eruptor blades and Erupter USB sticks for mining. This combined with their 28% or so of total hashing power for the entire bitcoin network is resulting in fantastic growth over the past few months, and their dividends are doing quite well. If you are interested in shares of AsicMiner , check out either Direct Shares or Pass Through shares, which is just one share of AsicMiner. You can find them in auctions on bitcointalk as well as sites such as BTCT.TO
There are other shares too, such as AMC which just recieved a few Avalons they purchased a while ago. Keep in mind that the owners relations with others on the forum is quite poor and very unprofessional, so I would still consider it rather risky.
There are also companies which are not based on bitcoin but experimenting with it as a source of capital, such as KenilWorth on bitfunder, who are a mining company which finds raw material deposits and then sells them to another company (I think). The people with that company are VERY responsive on bitcointalk and seem to be very professional.
You can even if you wish bet on funds which are reliant upon BFL's shipping, such as HaveLock's Investments Mining Fund. The owner of that fund is also rather response on bitcointalk and is a very down to earth person from what I have seen. For example, they just purchased a single Jupiter rig from KnCMiner in an effort to diversify so if BFL fails they will not be destroyed.
They are also other funds out there which are designed to represent an amount of Mhash/s per each share, for example RedStarMining which aims to have 180 Ghash/s eventually, with each share containing 2.818 Mhash/s.
Also, a very cool thing about these funds is that they are very present on bitcointalk in the securities section, so you can see up to date discussion about each fund. For example, for red star mining, here is their thread: https://bitcointalk.org/index.php?topic=63257.0 You can even get a fund in an exchange, such as Crypto-Trade! Though, they seem to be having some major issues with their site for a while now, which is unfortuntate.
There are tons of such securities available for lots of different styles people could choose, and because of bitcoin buying these shares is a very painless process. But do keep in mind that this is riskier than just holding bitcoin, and there are a good bit of scams prevalent in such securities, but if you keep an eye out and read their associated threads on bitcointalk you will be for the most part safe. Also, investing in companies like AsicMiner increases the network hash rate, making it even harder for a single entity to barge in and get more than 50% of the network hash rate, resulting in an even more secure network! These sometimes even hare shares which cost less than five dollars, so to get started you don't need much BTC at all. And here is the link to bitcointalk for anyone who wants to do more research and look at any other funds which might be of interest. Don't forget that there are some funds which are not exchanged on these sites, for example group buys where each buyer holds a certain percentage of proceeds from a very expensive miner they pool together to buy. As earlier though, be careful.
There is also a really good subreddit for discussing these securities as well as others on /BitcoinStocks ! Edit: Added in bitcointalk threads for each security I listed. Edit: It seems that there are nearly half as many downvotes as there are upvotes. Can anyone clarify?
I've noticed that the price of the same hardware has been going up in price alongside Bitcoin's inflation. For example, block erupters were first about $20, dropped to ~$8, and now they're nearing $50. Same with ASIC blades, they were $180, now they're almost $400. Why is this happening? I feel like this is combination with the increasing network difficulty is making it even harder for people to get into Bitcoins. Why drop $50 on something that will barely mine anything now? I get that you'll probably never make back your money regardless, but these things are way too expensive to be just a hobby. Edit: thanks for all the replies! I think I understand the situation better now.
ASICMiner is auctioning off 10 of their erupter blades over on bitcointalk.org I have been GPU mining for a bit and my returns are tickling down over time and I was not quick enough to hop on the ASIC train when it came into town. I believe in bitcoin as much as everyone else and want to keep hashing away, but affordability is becoming a concern. At the current auction of 60BTC for one blade it equates to about $5280USD for the 10Ghash of hashing power. I don't have that kind of cash to put into the auction and I know fellow GPU miners are probably in the same boat. What I propose is that we all take even stakes and subsidize the cost of the Blade and I will cover the cost of electricity and running it 24/7/365. Profits from the Blade will be proportional to how much you put into the Blade and its overall cost in BTC since the USD value fluctuates and the auction is in BTC. Payouts would of course be in BTC and would be weekly or monthly.
2014年3月時点で amazon.com で 300US$位で売っている専用チップASICを使ったBitcoin専用採掘マシーンの設定方法 簡単かと思ったら、なんだかんだで、1,2時間かかりました… モノ こんなやつです。 Amazon.com : Asicminer Block Erupter Blade 10ghash 必要なもの ASICMiner Block Erupter Blade Bitcoin Mining with Block Erupter ASIC Miner in Ubuntu With the new rise of Bitcoin prices yet again more and more people invest in buying coins and mining hardware. This drives the prices up, not only of the coins themselves but the hardware too. There are still people who consider bitcoin as a learning process, hobby or simply don't have the money to invest thousands of Euros in mining ... ASICMiner Block Erupter USB 330MH/s Sapphire Miner. The Sapphire Block Erupters were the first Bitcoin USB miners. They have 330 MH/s of hash power which would net you less than $0.01 per month. It may be a good choice just to see how mining works, but like with most USB miners: do not expect to turn a profit. GekkoScience Compac USB Stick Bitcoin Miner. The GekkoScience miners is just ... ASICMINER Block Erupter 336MH/s - ASIC USB Bitcoin Miner - Kostenloser Versand ab 29€. Jetzt bei Amazon.de bestellen! The Block Erupter Cube Bitcoin ASICs are the latest products (though already a few months old) to come out from the company ASICMiner – the same company that made the small USB sticks for mining Bitcoins. These ASIC devices are capable of 32 to 38 GHS (stock and overclocked) and come with a small form factor, but with a relatively high power consumption to be good choice to continue mining ...
ASICMINER Erupter Blade 10.7Gh/s Rio de Janeiro Brasil
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