Anybody bitcoining or litecoining?

wvjohn · Post by **wvjohn** » Thu Aug 08, 2013 8:48 am

I have a couple of older desktops which have been sitting around for a while, thought maybe use them for this - from what I read, the only thing you need is a decent video card - the rest if basically fluff. I could use them to heat my office in the garage and maybe make enough to pay for the electricity

I know the high end miners are all custom chips, etc.

Pugsley · Post by **Pugsley** » Thu Aug 08, 2013 10:42 am

I will tell you right now that you will not "make" any money doing this. The electric cost far outweighs any money you will "make".

The people doing it now are using $1000+ ASICs (that can't be used to do anything other then mining) to do the mining and even they are starting to get diminishing returns.

Post by **FlyingPenguin** » Thu Aug 08, 2013 2:06 pm

Yeah, in the early days you could make some bitcoin on your PC with a decent graphics card, but the system is designed to make it more difficult as more people succeed.

Now you've got people with garages full of dedicated hardware doing this, and there's no way you can compete.

This is what one of these "super bitcoin mining" rigs looks like:

wvjohn · Post by **wvjohn** » Thu Aug 08, 2013 5:32 pm

Back to checking the web for abandoned gold mines, I guess.

If we'd tossed as many cpu cycles at bitcoin as we did folding, we'd all be rich(er).

normalicy · Post by **normalicy** » Sat Aug 10, 2013 6:50 pm

Not into it myself and yeah, it's not as easy to get them as it used to be.