How to mine bitcoin using USB?

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The proliferation of Bitcoin ASICs over the last several months have brought on an incredibly rapid increase in the Bitcoin difficulty factor. In fact, purchasing one of these Bitcoin mining machines now is probably more bitcoin mining asic miner block erupter to lose you money with some possible exceptions for next-generation pre-orders.

At the time of this writing BTCGuild bitcoin mining asic miner block erupter them for 0. There are also a number of individuals selling Block Erupters on Amazon and Ebay for various prices. Before it went down earlier this week, BitcoinTalk had quite a few merchants selling the hardware; it would likely be a good place to look if it comes back online. The BitCanary website lists a price of. Not just any hub will do however. Some miners report buying cheap port hubs just to find that they can only run Block Erupters.

While it is more expensive than other hubs with the same number of ports, it works well and will likely be used with future USB miners. Consider for instance that the current price of a Block Erupter is 0. With the next estimated difficulty atthat would put you making around 0. Adding more Block Erupters would only magnify your losses. It is possible to imagine a scenario in bitcoin mining asic miner block erupter investing in current mining equipment could become profitable again. For instance, if the price of mining hardware were to stay constant as measured in US Dollars or other fiat currenciesand the price of Bitcoin were to drastically increase, it is conceivable bitcoin mining asic miner block erupter investing in currently available mining hardware could yield a profit.

However, this is an unlikely scenario and you would still be better off now from a fiscal standpoint investing directly in Bitcoin rather than in hardware Bitcoin can be purchased directly through exchanges like Bitstamp or services bitcoin mining asic miner block erupter as Coinbase. Bitcoin mining may be entering a more professional era. Like many I had hoped that ASICs would be a bit of a leveler for Bitcoin mining, helping even the technological layman enter the field.

However, failures in development and shipping timelines from companies such as Butterfly Labs seemed to have stunted the interest of many entry level miners. Today the Bitcoin mining industry favors larger, more powerful machines.

If you need a primer on registering for a mining pool or the basics of mining, check out our article on GPU mining Bitcoin. Mail will not be published required. Install any drivers needed for your particular USB hub, if any. In the target section you should see somthing like the following: Start your miner by double clicking on the shortcut that you created, you should now be hashing away.

Conclusions Bitcoin mining may be entering a more professional era. Leave a Reply Click here to cancel reply.

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So If he left it stock and let it run for an hour he would have been ahead of the game. How long will it take for the next one to make up the cost of the one he killed?

This is why you slowly turn up the wick to see how fast you can overclock a device, instead of attempting to run it at nearly double factory spec right out of the gate.

I did start off slow with Then I found a After playing around with that for a day being semi stable I moved on to 16mhz. One thing I want to try is to abuse a ATtiny24 for its crystal oscillator circuit and see if I can steal the clock signal off it: The problem with overclocking this type of system is verifying it is working correctly when you overclock it.

Just attach your miner to a bitcoin mining pool, and look at the pool estimate of the hashing speed. All that matters is how many good hashes per second you can do. An error in one hash does not affect the other hashes. In a mining pool, you get credited for each share on average it takes 4GH to produce one share.

Er actually that is NOT correct….. Which means that my loss was actually I have no exact reason for the failing of the asic. Although I have a feeling that the 5v clock signal boards may have been a ticking time bomb waiting to destroy the chip. My next test I am planning on using a raspberry pi with voltage sensors on the asic core voltage lines and i2c temp sensors to monitor the stats of the block erupters at all times: Lot of very poor research in that article.

Not only is it flexible at room temperature which reduces pressure against the chip, but loses bond strength as the temperature increases. I remember from past experience that various versions of Arctic Silver were electrically conductive.

While much safer than electrically conductive silver and copper greases, Arctic Silver 5 should be kept away from electrical traces, pins, and leads. While it is not electrically conductive, the compound is very slightly capacitive and could potentially cause problems if it bridges two close-proximity electrical paths. So even with the latest version they have out, you run into issues with messing up the capacitance on the board.

You should be able to find some thermal adhesive that will stick the heatsinks to the appropriate chips while still conducting heat efficiently. I have a cooling solution. It is actually cooling 3 block erupters together, and your points about thermal glue are pointless, just screw the device to the heatsink. I have a perfect cooling solution, I had created it myself, it is designed to cool 4 erupters at once.

Over a year the current difficulty trend. The price is way too high on these right now once some competition get into the market prices should go down. I paid a bitcoin for each of mine several months back and have yet to mine a bitcoin between the two even after overclocking. Check out the thread on bitcoin talk https: Many people including myself are just starting to hear about Bitcoins even though they have been around since There are a group of clever developers are working on a tool that will allow people to make bitcoins every single day!

This is unlike anything you have ever seen or heard off and it makes perfect sense that early birds knowing this info will make a lot of money off the backs of people that come into a new moneymaking market too late.

The beauty of this is that you stay anonymous and in nowadays world flying under the radar is important. There is a free presentation seat to be grabbed so you can be the first to learn more about this bitcoin robot that is due to be released very soon to a small circle of people that follow its development. Check it out now: Trading bots only work for short periods of time, they lose their effectiveness quickly as the market changes.

I was wondering if this is the CPU or a separate chip on the motherboard. I know i should use a graphics card but im going to start out small and then buy one. When I started to mine i Noticed a chip on my motherboard getting Very hot. Would that be the GPU? It has no fan so if it is i want to put one in.

Its a chip on your mobo, but really only super high end graphics cards give you any kind of real POWER for mining. Also, look into what bitcoin mining pools are — going at it alone even WITH the right hardware will get you nowhere.

Here are my findings: You are commenting using your WordPress. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email. Notify me of new posts via email. By using our website and services, you expressly agree to the placement of our performance, functionality and advertising cookies. You will have done all that work for nothing.

Does he know why the blue smoke came out? Was it just overheat or some other mechanism? What value resistors did you select for upping the voltage? What 16mhz crystal did you use? Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in: Email required Address never made public.