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Bitcoin Mining

Wanting to spend a bit to get into BTC mining; Is my rig viable?

Planning on purchasing 6 Rx580s and piecing together a rig. Is this a profitable decision? Calculators give varied results, or perhaps I just don’t understand how they work. Websites say that 6 Rx580s can provide 175.8 mh/s. I have many questions about BTC mining, but above all am curious about the build that I have chosen. Thanks, and happy investing. via /r/BitcoinMining http://bit.ly/2vzfXlE

From Nicehash to nicehash wallet or directly to electrum?

So i just changed from Coinbase to electrum (ouch the transfer fee) and im wondering if its worth setting the payout directly to my electrum or have it go to nicehash.Im worried about the fee’s which is why i’m asking this question. (Transfering from nicehash to the nicehash wallet which has a fee of 2%, while trasfering to external wallets with greater than 0.01BTC is 4% and 0.1 is 3%.) The transfer out of nicehash to electrum is .0005BTC per transfer)I get about 1~ mBTC a day if that helps.Can anyone help me out? via /r/BitcoinMining http://bit.ly/2unTERp

What are the real profitability with usb miners?

I’m using a 980ti and a 970 to mine on my two gaming computers (when not gaming)I was looking into USB miners but what are the real profitabilities with them? They seem way too underpowered compared to my GPU(s) and im not sure how much i would actually get because of everything going on with bitcoin right now.Tried going on youtube but all the videos there are a few years old, when mining was easier.Anyone have USB miners/ have used them before that can give me some information? If they are actually more than i thought i may invest in a few.Thanks for all the help! via /r/BitcoinMining http://bit.ly/2tBY8VK

Wanting to spend a bit to get into BTC mining; Is my rig viable?


Wanting to spend a bit to get into BTC mining; Is my rig viable?

Planning on purchasing 6 Rx580s and piecing together a rig. Is this a profitable decision? Calculators give varied results, or perhaps I just don't understand how they work. Websites say that 6 Rx580s can provide 175.8 mh/s. I have many questions about BTC mining, but above all am curious about the build that I have chosen. Thanks, and happy investing.

Submitted July 24, 2017 at 06:27AM by saywhoo
via reddit http://bit.ly/2vzfXlE

From Nicehash to nicehash wallet or directly to electrum?


From Nicehash to nicehash wallet or directly to electrum?

So i just changed from Coinbase to electrum (ouch the transfer fee) and im wondering if its worth setting the payout directly to my electrum or have it go to nicehash.

Im worried about the fee's which is why i'm asking this question. (Transfering from nicehash to the nicehash wallet which has a fee of 2%, while trasfering to external wallets with greater than 0.01BTC is 4% and 0.1 is 3%.) The transfer out of nicehash to electrum is .0005BTC per transfer)

I get about 1~ mBTC a day if that helps.

Can anyone help me out?

Submitted July 24, 2017 at 06:48AM by rulerofthelord
via reddit http://bit.ly/2unTERp

What are the real profitability with usb miners?


What are the real profitability with usb miners?

I'm using a 980ti and a 970 to mine on my two gaming computers (when not gaming)

I was looking into USB miners but what are the real profitabilities with them? They seem way too underpowered compared to my GPU(s) and im not sure how much i would actually get because of everything going on with bitcoin right now.

Tried going on youtube but all the videos there are a few years old, when mining was easier.

Anyone have USB miners/ have used them before that can give me some information? If they are actually more than i thought i may invest in a few.

Thanks for all the help!

Submitted July 24, 2017 at 06:14AM by rulerofthelord
via reddit http://bit.ly/2tBY8VK

Investing into bitcoin mining – how would i do it?

Hello /r/BitcoinMiningI’ve been lurking here for a while now, and i’ve finally decided to break the ice by asking a very big question on a controversial topic =/Should i invest into bitcoin mining? and if i could, how would someone go about doing this?so after a while of searching on the internet, I’ve been getting a lot of mixed answers. some answers are from years ago and others are semi-correct but don’t tell you as much and/or avoid the question entirely.which is why i am here asking a question that probably millions of other people have asked already.should i do it?here’s why im asking;;during my research, i went with the mentality of money not being an issue.I searched for the best bitcoin miner on the market today. not only did i find out that ASIC miners were the way to go, but i also found out that the best miner on the market today is the “Antminer S9” with specs of ~13.5 TH/s hashing power and a power consumption of 1350w.next i decided to use a profitability calculator to, let’s say, “Theoretically” punch in the numbers of Hashing power, power consumption, cost of electricity in my state, ETC ETC.after many days of curiosity, the information i gathered shows me that, albeit expensive, there is profit to be seen here.Then i started getting carried away by thinking about using a renewable source of energy into the mix and finding out how to buy oneso i’m now at a standstill because i don’t want to dive in head first into something without knowing the whole ordeal.so, i ask of you, please give me the cold hard truth!IS there a better way to go at this? or should i not do it?thank you. via /r/BitcoinMining http://bit.ly/2upIWbJ

Newb wanting to get into bitcoin mining – small scale

So, I’ve been doing some research, and it seems to be a very quickly changing environment right now, which leads to a lot of outdated information and confusion.The gist of what I’ve learned:CPU/GPU’s are no good. ASIC is necessary.In order to be truly profitable you would need to buy a 3,000$ miner with a “Terra” in the name, and even then it will take about a year to be profitableYou often end up spending more in electricity than you earn in bitcoinSo I realize that there may not be much of a place for somebody like me who just wants to do it small time. I was thinking about getting one of these http://amzn.to/2upGIZN thought since it was USB, it would be fairly low powered, and not spike my electricity bill, while still earning me a small amount of coin. Is this stupid? I’m having a very hard time finding any information at all on small time mining. For example, this subreddit is not very active. Most people who are serious about it get the big boy miners, which I can’t afford.What about mining other coins besides bitcoin? Are those more or less profitable? I’d be fine mining etherium too. Could I use the same USB miner for multiple coin types?Thank you for anybody willing to lend a helping hand. via /r/BitcoinMining http://bit.ly/2vO7w5t

Investing into bitcoin mining – how would i do it?


Investing into bitcoin mining – how would i do it?

Hello /r/BitcoinMining

I've been lurking here for a while now, and i've finally decided to break the ice by asking a very big question on a controversial topic =/

Should i invest into bitcoin mining? and if i could, how would someone go about doing this?

so after a while of searching on the internet, I've been getting a lot of mixed answers. some answers are from years ago and others are semi-correct but don't tell you as much and/or avoid the question entirely.

which is why i am here asking a question that probably millions of other people have asked already.

should i do it?

here's why im asking;;

during my research, i went with the mentality of money not being an issue.

I searched for the best bitcoin miner on the market today. not only did i find out that ASIC miners were the way to go, but i also found out that the best miner on the market today is the "Antminer S9" with specs of ~13.5 TH/s hashing power and a power consumption of 1350w.

next i decided to use a profitability calculator to, let's say, "Theoretically" punch in the numbers of Hashing power, power consumption, cost of electricity in my state, ETC ETC.

after many days of curiosity, the information i gathered shows me that, albeit expensive, there is profit to be seen here.

Then i started getting carried away by thinking about using a renewable source of energy into the mix and finding out how to buy one

so i'm now at a standstill because i don't want to dive in head first into something without knowing the whole ordeal.

so, i ask of you, please give me the cold hard truth!

IS there a better way to go at this? or should i not do it?

thank you.

Submitted July 24, 2017 at 03:53AM by wingman626
via reddit http://bit.ly/2upIWbJ

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