Post
Topic
Board Beginners & Help
Re: noobie requesting help
by
ranochigo
on 22/06/2015, 14:18:46 UTC
Anyway OP, if you're still interested in mining with your computer then you could try mining altcoins and converting these to bitcoins using an altcoin exchange like Cryptsy. There are many altcoins out there which can still be mined using CPUs or GPUs. The only ones which have ASICs built for them are SHA-256 based coins like Bitcoin and Peercoin, and scrypt-based coins like Litecoin and Dogecoin.

Agree. In most country, the electricity cost will never make you profit mining Bitcoin. However, mining altcoin might give you a little profit. Well, most altcoin difficulty is lower compared to Bitcoin. Also, instead of mining by yourself, joining a pool might speed it up. If you intend to mine Altcoin and join a pool.. Choose a pool which will automatically mine profitable altcoin and exchange it into Bitcoin for you.
The reason for the lower difficulty is also the lower price and the lower profitability. If the coin is profitable, ASIC miners would be rushing to mine it for sha256 and scrypt. The main problem with multipool is that they may only exchange your coin at x time per day and if the coin crashes before the time reaches, you're doomed.