Asic bitcoin miner usb erupter

asic bitcoin miner usb erupter

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Asic bitcoin miner usb erupter

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Похоже, что при обработке данного запроса возникло затруднение.

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asic bitcoin miner usb erupter

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It only takes a minute to sign up. Connect and share knowledge within a single location that is structured and easy to search. Since the block erupter is useless to mine for Bitcoin now. From what I understand the only other two options would be is to mine Namecoin or Devcoin since they use SHA encryption. But how can I mine these?

Would cgminer work? The process should be similar to mining Bitcoin - you would most likely want to connect to a mining pool or solo mine in a configuration analogous to mining Bitcoin. Also note that Namecoin supports merged mining, meaning that if you mine for a Bitcoin block through a pool that supports merged mining, your proof of work can still be used to create Namecoin blocks.

This effectively makes you mine for both currencies with the same amount of hashing power, increasing your expected return rate by the amount of other coin mined so instead of mining just Namecoin, you would be getting some extra BTC kickback as well for your submitted shares. Bitminter does merged mining with Bitcoin and Namecoin. Pretty easy java interface client if you like - but i still prefer cgminer myself for GPU mining.

Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group. Create a free Team What is Teams? Learn more. Ask Question. Asked 8 years ago. Active 5 years, 9 months ago. Viewed 6k times. Improve this question. Exploit Exploit 3 3 gold badges 11 11 silver badges 12 12 bronze badges. Add a comment. People would not be patient enough to sit every day and earn a dollar for a year.

The advantage of this device is that the use of a fan is not required so it does signify that it would not heat up as much as an ASIC or Gekko device would but on the other hand, it is time-consuming to earn. However, it is a good practice in terms of earning bitcoin but cannot be used more than that. We cannot really compare this device to a miner but it is similar to it. This is more helpful compared to the Avalon Nano 3.

The plus side is it works as a wireless router, so you can do some mining while providing internet for all your devices. The network will not block coverage for other devices, therefore, provide availability and not create a nuisance. This device can only mine using Bitcoin script, meaning you are competing with mining pools that have much larger setups. Having to use this option is not as popular as such since Bitcoin was only profitable in the early years before the competition has risen over the years.

Investing in hardcore hardware or buying bitcoins is more suitable. First, I doubt, for a fact, that this machine will return back the investments spend on the initial cost and running expenditure. Second, it is not the answer in which we are looking for to invest in to earn big bucks but rather earn enough just to support the network but all the more, it is an interesting concept.

To those users who have lack of knowledge in the usage and setup, there are clear tutorials that are taught in order for the users to know how to use the device, especially to those users who have zero experience in coding. Bitcoins are generated using the process called mining. If your computer is given a complex mathematical problem to solve then the goal is a 64 digit number. If your miner can solve that algorithm problem, Congratulations; you are now a proud owner of the new block, and you will be rewarded with Bitcoins.

The network automatically adjusts the difficulty of mining so that bitcoins are created roughly every 10 minutes. The reason why they call it mining is that there is a set number of bitcoins that can ever be mined in the system. There are only 21 million bitcoins that can ever be created in the system in total. You are digging it out of the system like precious metals from some mathematical mine. Bitcoin users are connected through the network and together, they set up a network that processes and checks all bitcoin transactions in a public ledger called the blockchain thus eliminating the need for a central bank since all the users together are the bank.

Thus reducing the very need for a bank. Therefore, the creation of GPU started, but as Bitcoin began to rise in popularity, more users started to enroll in the network thus creating difficulty in obtaining a bitcoin. So basically these chips cannot be used for anything else such as games etc but are made to be used for solving the algorithm in the most power-efficient manner.

This has made USB miners irrelevant and are no longer used by anyone who wants to profit from mining bitcoins and other altcoins. If you want to mine some serious bitcoins, you should definitely try could mining contracts.

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