bitcoin

I am open to digging out old gear and firing it up to do mining and see how it goes.  But at $20 per month, it really isn't worth the effort. I'm looking forward to hearing how it goes for you.

Daron. I went into minergate using your link but see no way to mine. Any help is appreciated

I switched to Paul's links. Im making some headway.

With brominer i was up to .0000004 coin. I checked later and it was at 0. The stop button was still there so i assume it was still mining. Do you have to collect it to keep it. If so, how? I did get a wallet number from coin purse. It was copy/pasted in.


Also, i didn't complete the bank info on coin purse. Is that only needed to buy and sell?

Lots of stuff I don't have an answer for.  I fiddled with it for one evening.  

I let it run on my phone all night, but must have had an internet blip that stopped it.

I had .ooooo1 when i went to bed, had .0000017 when i woke up.

Reading about mining, the energy use of the device exceeds the value of the coins. That gives the reasoning from paul to use it as a heat source-recoup that investment.

I also read that the mining gets harder over time. Getting coins next month will take more computing power than this month. This continues on and on

My understanding is that that particular site will switch to a cryptocurrency that has the best coin offering at the moment.  When I did it, it was some coin that was worth $350 per coin.  So, your mining created .0000017 of that coin, so about 0.06 cents.   Really awful.  

My computer is certainly not the most powerful, but after eight hours, it said I had about 20 cents.   Still pretty awful.   i very much doubt that that 8 hours used 20 cents of power.  A quick bit of math in my head and it was definitely less than a dime in power.  

But again:  if a person is using electric heat, then a dime of power to the laptop made the laptop generate enough heat so that it saved a dime in heat from an electric heater.  So, in a way, it was free electricity.


It sounds like if you run that phone 24x7 it would take a full week to generate one cent.  My guess is that there is something wonky and if you try again, you might get it up to something like two cents a day.  But still probably not worth it.  It would be easier to simply put ten bucks into your favorite coin and see what it does.  


And that's another way to look at it.   I could fiddle with that thing on phones and old computers and whatever for a month.   At the end of the month I might have $30 racked up in bitcoin.   And maybe it grows a thousand-fold in a year or two.  But the real question is:   rather than spend a few hours and add hundreds of hours of wear on this old gear, would I be ahead of the came if I did other stuff and then put $30 in bitcoin.  ??

Claim free coins here: bitcoinHEX.

This guy, Richard Heart, is building an interest feature into his bitcoin fork. Check it out, and please use the referral link above:)