Bitcoin mining with dual 970s?

[afineout]

Hello, I was wondering what the status of bitcoin mining is. I would like to start as I don't pay for electricity. Is this a good option? What are the best mining programs? Do they let you schedule mining times? How fast do you make bitcoins?

[Ostwind]

GPU mining is dead.

[Kyuubixchidori]

Hello, I was wondering what the status of bitcoin mining is. I would like to start as I don't pay for electricity. Is this a good option? What are the best mining programs? Do they let you schedule mining times? How fast do you make bitcoins?

you will want to mine coins that are ASIC resistant if you do decide. 

 

GPU mining is dead.

..........well thats just not true

[afineout]

GPU mining is dead.

Why is that?

[LIGISTX]

Seeing as you don't pay for electricity, if you already have the cards, sure, you can make a few bucks. But don't spend money buying cards to mine on. You won't make that money back.

[rtpb5642]

Why is that?

They are way to slow. It would cost more in power than money u woudl get

[afineout]

you will want to mine coins that are ASIC resistant if you do decide. 

What is ASIC? lol

[Deletive]

Why is that?

It's not as easy as it use to be, you'll make no profit without specific ASIC hardware.

 

 

What is ASIC? lol

application-specific integrated circuit: pretty much customized for a particular use, rather than general-purpose use.

[SkilledRebuilds]

Hello, I was wondering what the status of bitcoin mining is. I would like to start as I don't pay for electricity. Is this a good option? What are the best mining programs? Do they let you schedule mining times? How fast do you make bitcoins?

Alternative-COIN mining is your best bet no doubt...

 

[afineout]

Seeing as you don't pay for electricity, if you already have the cards, sure, you can make a few bucks. But don't spend money buying cards to mine on. You won't make that money back.

Already have the cards. Would just be mining while I'm not gaming (while I'm at work or asleep)

[LIGISTX]

[afineout]

They are way to slow. It would cost more in power than money u woudl get

I don't pay for electricity

[LIGISTX]

Already have the cards. Would just be mining while I'm not gaming (while I'm at work or asleep)

You can, but I don't think there is much point any longer.

[SkilledRebuilds]

I don't pay for electricity

Unless your using ASIC machines, or have a house full of 1000x GPU's to do the work, like the other big boys who are taking all the pie pieces, its pointless.

 

Google

"Mining Alternative Coins"

 

"Alt Coin listing"

[afineout]

You can, but I don't think there is much point any longer.

But why? if I don't pay for electricty, already have the cards. Is it really just so slow that it isn't worth having my cards running under heavy load even when they are under warranty?

[SkilledRebuilds]

But why? if I don't pay for electricty, already have the cards. Is it really just so slow that it isn't worth having my cards running under heavy load even when they are under warranty?

Exactly this.

 

Alternative coins FARE A LOT BETTER, some are Asic restrictive, only CPU/GPU's can do some, less ASIC competition for shares.

[Pugs501]

Exactly this.

And because of the Chinese

http://www.businessinsider.com.au/take-a-tour-inside-this-chinese-warehouse-where-three-men-mine-200000-in-bitcoin-every-month-2014-8?_ga=1.244452227.748135639.1436277469

[SkilledRebuilds]

And because of the Chinese

http://www.businessinsider.com.au/take-a-tour-inside-this-chinese-warehouse-where-three-men-mine-200000-in-bitcoin-every-month-2014-8?_ga=1.244452227.748135639.1436277469

I watched that video they did a few months ago,...

 

It's nuts!

[ThE_MarD]

Heyyo,

@afineout , you need to buy a newer generation ASIC miner for Bitcoins. Don't bother with GPU mining on bitcoin, you'll be too far behind the ASIC miners to generate anything decent over time compared to alternative crypto currencies.

ASIC resistant crypto currencies like Dogecoin are pretty much non-existent meow.. ever since that infamous hack and theft of crypto currencies from Mt. Gox, a currency exchanger in Japan? Dogecoin have nearly lost all their value and dropped a lot... I was mining Dogecoin so I'm an idiot for not cashing out right away lol.

http://www.coinwarz.com/cryptocurrency

According to them? Goldcoin is worth checking into for mining since they use Scrypt, which is a mining algorithm that ASIC minters will have problems with so GPU mining might still be viable on it.

Sadly it looks like Cudaminer was abandoned last year though hmm... it was the best method of mining on NVIDIA GPUs since Cuda always worked better than OpenCL on NVIDIA cards...

https://bitcointalk.org/index.php?topic=167229.0

OH! This guy has some examples on how to mine with NVIDIA GPU and cudaminer for Goldcoin, worth checking into a little...

https://www.gldtalk.org/index.php?topic=243.0

Otherwise? try googling "cudaminer for goldcoin" I guess.

Good luck!

[pwn_intended]

But why? if I don't pay for electricty, already have the cards. Is it really just so slow that it isn't worth having my cards running under heavy load even when they are under warranty?

From my understanding, you'll be LUCKY if you can make $1 worth over the course of a month. You would have better luck kindly asking your landlord for $10 off your rent a month in exchange for not running up his power bill...

[afineout]

So then what coins are asic restrictive and what program do i use to mine them?

[FuzzyYellow]

not worth it.

[Sauron]

GPU mining hasn't been worth it for more than a year at this point. Especially with only teo cards.

[Kyuubixchidori]

What is ASIC? lol

for bitcoin, and the major altcoins, you can buy machines that are RADICALLY faster at mining then any GPUS you can buy. a 30$ asic will keep up with your gpus with ease. 

 

now, there are some some asic resistant coins, 

[Ahaber]

So then what coins are asic restrictive and what program do i use to mine them?

 

I would like to recommend that you join the ltt folding team and donate your computing power to science.