Click the 'report' link. It's just below the submission or comment body. AutoModerator will clean it up in no time! THINKING OF PRE-ORDERING? (us mods tell them to our kids around the campfire) FAQ RULES No 'FOR SALE' posts. Feel free to hawk your wares in our sister subreddit - this means no goup buys as well.

As common as it is in Bitcoin Mining, it is far to risky to be carried out over reddit. No verbal abuse. If you don't have anything nice to say, it's best not to say anything at all. Remember, we were all newbies once. Mining isn't exactly a trivial venture. No Referral Links.

How To Mine Experience Points XP On Raspberry Pi 2 here. No Amazon/eBay referral links. No mining pool referral links. No mining contract referral links. No referral links, period. No Promoting New Alt Coins. If there is a new alt coin out, this is not the place to discuss or promote it.

If you have questions about mining that alt coin, feel free to ask away! No short-URLs. Nobody should have to trust you before clicking on a link. URL-shortener services serve no use on Reddit as there is nothing restricting the size of your comment string.

How to use a USB Bitcoin Miner? This is a guide on how to mine bitcoins using the USB Block Erupters that we have for sale. STEP 1: Join a Pool. By joining a mining.

Do not ask for other people to mine for your address. Do not beg for donations simply for lending a helping hand. Anybody caught violating the rules will be banned on sight. If you notice somebody abusing the subreddit rules, please with the permalink in question. All members of the BitcoinMining subreddit are expected to read and follow the as well as the informal. Likewise, all moderators of this subreddit do follow the. POOLS ABOUT Want some help with your mining rig?

Don't know which ASIC miner to buy? Have a question or interesting post about Bitcoin mining in general? Well hello friend!

And welcome to! 's Inspired Greatest Quotes of All Time - RELATED SUBREDDITS is aimed towards general Bitcoin related discussion. Contains anything technical (i.e. Code, proposals, whitepapers, hardware, questions) relating to Bitcoin.

Is where you go to buy and sell things for Bitcoin. Keep in mind that USB miners are about the absolute worst when it comes to cost/performance compared to big miners. The USB devices simply are not hash-dense enough to be viable even with free electricity (and there is no such thing as free electricity, it has a cost whether it is a monetary cost or otherwise). If you want to by 15 sticks, you are way better off just getting an Antminer or something.

Even then, dont expect to make anything paying retail for a miner. Big farms get away with it because they buy 100's of machines at a time that gives them a volume discount, or are just making the gear themselves. Unless you are prepared to devote 100's of thousands to the effort, this is an expensive hobby and nothing more.

A typical USB block erupter will get 333MH/s under realistic conditions. Today, a share is worth about 1/156 of a penny and 333MH/s will get you a share every 13 seconds. That comes out to 43 cents per day per erupter, not counting the cost of electricity.

Difficulty is going up, and thus profitability going down, around 25% per month. So you can figure maybe $11 your first month, $8 your next, $6 the next, then $5, and so on. You might get about $50 before it becomes more trouble than it's worth. Realizing I'm very tardy to this post, I'd like to throw out this update for those currently googling this question. Background: I purchased 4 erupters back in November 2013- just to run beside my 4x5970s and 3x7950s, it was an experiment and at the time I was pretty new to mining in general. Usage: 4-erupters with 92mm cooling fan and powered-USB hub.

I've had a constant 1.3-1.4Gh/s with these USB erupters, peaking at 2.2Gh/s (but that's an anomaly and not constant) I use bfgminer and set them up to run @bitminter. They're super easy to use once you get the drivers set up and understand how to mine. I chose mining @bitminter because it seamlessly allows you to mine namecoin through the same port/pool. Don't use bitminter's flash miner if you want to mine alt coins with your gpus while going after bitcoin with the ASIC cards (it doesn't play nice if you have wallets running or cgminer working and you'll get a lot of rejects)- but by using a command line miner for sha-256, I can also run guiminer-scrypt or cgminer to hash out alt coins. Conclusion: So is it all worth it? With the 4 erupters running 24/7, @2.5W/ea I use about $0.02/USD of electricity while generating on average $0.12-$0.16 in bitcoin per day. In addition to the BTC, I generated about $0.03 in NMC.

Altogether, a daily profit of about $0.15 per day USD. Here's the breakdown as of today: 4xUSB erupters @$14.87/ea + $42.94 (USB Hub & Fan) + S&H = $106.16 Electricity (@$0.0616/kWH) $0.03/day x 98 days = $2.94 Total Expenditures: $109.10 BTC Generated:.03048521 NMC Generated:.09160374 (currently 0.00053247 BTC) Based off of the current NMC exchange rate, my erupters have generated a total of 0.03101768-BTC in under 100 days.

At the current BTC/USD exchange rate of $578.86, I've been able to generate $17.96 USD. So after nearly 100 days of mining with the block erupters, I'm sitting at USD. Good luck to those who still try the USB-ASIC route, I'll be mining DOGE and MINT with the cool kids:D. Pretty much the only real hope is bitcoin going up in price, that is what I'm basing my mining on. Taking the assumption that it goes way up in price there are two options: 1) buy bitcoin, 2) but a miner. In the first instance you will have, 1x your money.

In the second instance you will have the 1x plus you will still be generation more coins. It is all really a gamble on bitcoin going up. If it goes down the in either instance there is a loss. I am prepared to loose all in the hopes that bitcoin will survive.

My guess: If bitcoin survives another year, and I think it will, it will be substantially more valuable. What Is A BitcoinDark BTCD Mining Machine.