Is it worth bitcoin mining with this

[TheRagingGamer]

Specs:
Ati radeon hd 4870
intel c2d e4600 


So is it wort it for me to destroy my gpu and possible some other components.
What should i mine bitcoin, dog coin etc 
What can i do with the coins
How fast do components die when mining 

[AlwaysFSX]

You'd waste less electricity overvolting the hell out of them.

[_ASSASSIN_]

why do people even bother bitcoin mining with PC parts these days yo.

[Bloodyvalley]

No

[Clyne]

Your better off using this computer for folding instead of mining, you'll waste a lot of electricity and you get jack for money if you mine with these parts.

[Nico123473]

You would lose money paying for electricity

[mansoor_]

You are about 2-3 years late for profitable mining considering those specs.

[spartaman64]

get an asic card

[Firearm2112]

too late in the game

[FizzyFantom]

There is no real point in mining Bitcoin with anything other than ASICs now, and Dogecoin and Litecoin barely allow you to break even for GPUs (which will only get worse with Scrypt ASICs). If you are looking to mine something then you should look to other alt coins and ones with novel ASIC resistant hashes like Quark or Cryptonite. There is not much money in mining now, expecially on a small scale, but here are the SHA-256 and Scrypt hash rates for various GPUs/CPUs:

SHA-256:

https://en.bitcoin.it/wiki/Mining_hardware_comparison

Scrypt:

https://litecoin.info/Mining_Hardware_Comparison

[Easy To Pronounce Name]

It is no longer worth mining with anything less than 21 Terra Hash

[harrynowl]

you'd get more fun from overclocking them balls to the walls.

[TheRagingGamer]

you'd get more fun from overclocking them balls to the walls.

already did http://i.imgur.com/sxEMmSF.png

[harrynowl]

already did http://i.imgur.com/sxEMmSF.png

that's not balls to the walls, ~1.4v seems excessive for that oc anyway (or is your chip crap like my e4500?)  doesn't have to be stable

 

 

submit to my hwbot prime database

[Pelop17]

get an asic card

i wouldnt recommend you buying a ascic miner because you wont made any profit from the ascic since the price of the asic is too high so you will be making lost.

If you want to get into mining i suggest you bying bitcoins

 

Specs:

Ati radeon hd 4870

intel c2d e4600 

So is it wort it for me to destroy my gpu and possible some other components.

What should i mine bitcoin, dog coin etc 

What can i do with the coins

How fast do components die when mining 

[TheRagingGamer]

that's not balls to the walls, ~1.4v seems excessive for that oc anyway (or is your chip crap like my e4500?)  doesn't have to be stable

 

 

submit to my hwbot prime database

e4600 OC like crap if i want 3.4ghz i have to pump 1.7V but nothing can cool that 

[harrynowl]

e4600 OC like crap if i want 3.4ghz i have to pump 1.7V but nothing can cool that 

phase change / dice/ ln2 / lhe

 

but yes looking at hwbot they're not the greatest.

[TheRagingGamer]

phase change / dice/ ln2 / lhe

 

but yes looking at hwbot they're not the greatest.

i don't know how much voltage they pumped to get 4.8ghz but it has to be 1.7 and i can't boot with 1.7V

http://hwbot.org/hardware/processor/core_2_e4600_2.4ghz/

[RuecanOnRails]

While that set up is not good for mining, it's more than adequate to host a full Bitcoin node.. Assuming you wanted to support the network, why else would you want to mine?

 

Running a full node requires nothing more than forwarding port 8333 and keeping the core client open in the background. The bandwidth requirements are low and go completely unnoticed for the most part. If interested, I can help you set one up or provide more info.

 

 

The question of what can you do with the Bitcoins is a very open ended question. Similar to asking "what can I do with money?" Bitcoin is designed, and works like cash on the internet. You can spend it, save it, donate some, gamble it away, etc. It allows for a much safer and more secure method to make purchases online (and even in person). A complete payment network that doesn't reveal any sensitive financial data when sending value, meaning there is no identity or data theft possible. It's a push system not a pull like credit/debit cards, you cannot be hit with hidden or fraudulent charges.

 

Name something you would like to buy, there's likely a way to purchase it using Bitcoin.

[TheRagingGamer]

While that set up is not good for mining, it's more than adequate to host a full Bitcoin node.. Assuming you wanted to support the network, why else would you want to mine?

 

Running a full node requires nothing more than forwarding port 8333 and keeping the core client open in the background. The bandwidth requirements are low and go completely unnoticed for the most part. If interested, I can help you set one up or provide more info.

 

 

The question of what can you do with the Bitcoins is a very open ended question. Similar to asking "what can I do with money?" Bitcoin is designed, and works like cash on the internet. You can spend it, save it, donate some, gamble it away, etc. It allows for a much safer and more secure method to make purchases online (and even in person). A complete payment network that doesn't reveal any sensitive financial data when sending value, meaning there is no identity or data theft possible. It's a push system not a pull like credit/debit cards, you cannot be hit with hidden or fraudulent charges.

 

Name something you would like to buy, there's likely a way to purchase it using Bitcoin.

well lets say i go out and buy my self a 295x2 will bitcoin pay off then 

[ManWithBeard1990]

well lets say i go out and buy my self a 295x2 will bitcoin pay off then

Not at all. The cost of electricity is far greater than the amount of bitcoins you'll be mining. The only way for bitcoin mining to be slightly profitable is if you have a really good ASIC. An ASIC is a chip designed for one specific purpose, and one for bitcoin mining can do only that. It's useless for everything else. It's more efficient though because all the programmability that comes with GPUs doesn't need to be implemented, hence these use much less power. Less power and more bitcoins equals more money for you. But don't bother with them. The companies that make the really good ASICs tend to keep them and use them themselves.

[RuecanOnRails]

well lets say i go out and buy my self a 295x2 will bitcoin pay off then 

 

Nope, 2 290x would be better. Actually 290 generally has better price to hash ratio but that's besides the point. For mining, you generally need highly specialized ASICs (application specific integrated circuit) which are designed to mine and nothing else. They are thousands of times more efficient than any GPU configuration. That's for Bitcoin at least, there are other coins with other algorithms such as Litecoin, however there are no ASICs for those as well. 

 

Mining in and of itself is not something to be done for profit. It actually scales perfectly with mining efficiencies to keep any ROI and profits at a bare minimum. The most you can hope for in most cases is to break even with cost of electricity and hardware. Profits in Bitcoin are not seen from mining, rather from appreciation in value, at which point it's almost been a better to purchase coins directly instead of hardware to mine them.

 

 

There are some alt coins which are designed to be ASIC resistant, but they can be extremely volatile both in price and mining difficulty. To make it anywhere with mining those on a GPU you need to constantly be watching and hitting coin launches along with making quick decisions whether to continue mining one coin or switch to another based on profitability.

 

here's a couple links to see what you might be getting into for watching some of the coins.

http://coinmarketcap.com/all/views/all/

http://www.coinwarz.com/cryptocurrency

https://www.cryptsy.com/

 

 

While it is possible to see a return on your mining investment, it's pretty rare at this point. It's more about speculation in holding the coins you mine versus selling them immediately to pay off electricity.

[TheRagingGamer]

Nope, 2 290x would be better. Actually 290 generally has better price to hash ratio but that's besides the point. For mining, you generally need highly specialized ASICs (application specific integrated circuit) which are designed to mine and nothing else. They are thousands of times more efficient than any GPU configuration. That's for Bitcoin at least, there are other coins with other algorithms such as Litecoin, however there are no ASICs for those as well. 

 

Mining in and of itself is not something to be done for profit. It actually scales perfectly with mining efficiencies to keep any ROI and profits at a bare minimum. The most you can hope for in most cases is to break even with cost of electricity and hardware. Profits in Bitcoin are not seen from mining, rather from appreciation in value, at which point it's almost been a better to purchase coins directly instead of hardware to mine them.

 

 

There are some alt coins which are designed to be ASIC resistant, but they can be extremely volatile both in price and mining difficulty. To make it anywhere with mining those on a GPU you need to constantly be watching and hitting coin launches along with making quick decisions whether to continue mining one coin or switch to another based on profitability.

 

here's a couple links to see what you might be getting into for watching some of the coins.

http://coinmarketcap.com/all/views/all/

http://www.coinwarz.com/cryptocurrency

https://www.cryptsy.com/

 

 

While it is possible to see a return on your mining investment, it's pretty rare at this point. It's more about speculation in holding the coins you mine versus selling them immediately to pay off electricity.

OK than i was just asking because these guys seem to be making money http://www.reddit.com/r/dogecoin guess not 

[RuecanOnRails]

OK than i was just asking because these guys seem to be making money http://www.reddit.com/r/dogecoin guess not 

 

Nope they really aren't. Their coin recently had a decent pump (I'd guess it will be followed by an even greater correction)

 

A 290x can mine around 1M/hash. Mining dogecoin currently would earn about $0.05 per day. However at an estimated 300watt usage and a cost of $0.10 per K/watt has a running cost of $0.72 per day. A net loss of 67 cents per day. Other coins have higher daily earnings, but more often than not you will find electric costs push you into a negative.

 

Not to generalize, but quite a few of the dogecoin miners are minors (there's a pun there somewhere) who live at home and are subsidizing electrical costs due to their parents unknowingly paying for it.

[RuecanOnRails]

Unless you want to ignore the high running cost, seeing a positive return is difficult for gpu mining. It's generally why I recommend to purchase coins directly versus buying hardware to mine; It's one thing if you already had the hardware but don't buy GPU's with intention of mining.

 

You might be able to somewhat "write off" the electric usage by using it as a loud space heater during winter and turning down/off other in home heating.