Quote from: cat2 on October 18, 2015, 03:43:43 PM

Just for fun I pointed an antminer s3 averaging 435.37 GH/s at steak cloud. The first payout was from a partial shift and small. My first full shift payout was 10833.39825300 mint. I like to stake mintcoin with the wallet they provide and plan on sending any coins I mine there. I live in Los Angeles and electricity cost is very high. If you calculate the cost for mining mintcoin or any other coin in LA you will find these are the most expensive coins you will ever purchase. It makes much more sense financially to purchase coins of any type rather than spend the same amount on miners. If you don't get electricity free or very cheap forget about profit from mining. You'll never even break even on your miner cost. If you get free power from a dorm room or rental and run miners the landlord will notice the spike in the utility bill and start looking for the culprit. 4 antminers can easily fully load a 20 amp circuit and pop breakers. If you pull the plug when fully loading a circuit with miners you'll be surprised at how hot the metal blades on the plug are. The wires in the wall are that hot too.

That said I love mining. I sold most of my mining hardware but still run a small group of different miners. It's a hobby and people blow money on hobbies all the time. I have a couple of antminers pointing at steak cloud mining different coins for fun. I'm fascinated by mining equipment and crypto coins in general. I run the antminers and 4 different types of scrypt miners. The electricity cost versus return is ridiculously bad but I enjoy tinkering with the hardware and software.

If you want to mine with a cpu, try minergate. They provide the software to download and it's very easy to setup and run. I like to mine bytecoin there. When you cpu mine your cpu will get hot so your computer needs to dissipate heat well. Not generally a good idea on a laptop. Lots of fans are a good idea. I bought a cheap workstation on Ebay and use it to run miner software and stake a few different coins.

I like to to tinker with mining and have to point them somewhere and getting some mintcoin in the process is a bonus. Good luck checking out mining it's a good thing to stake and mine. It supports the coins network and it's a lot of fun to learn about it all. Grow your hoard of coins and don't sell any. Who knows, maybe someday they'll be worth something significant. ;-D

It is interesting you bring up the heat issue. I think mining is really getting to a dangerous point, IMO.

In my area, we have cheap electricity, and there have been several stories in the local newspaper about people doing bitcoin mining in the area, and in commercial buildings. The local Utilities companies really don't like it, because is sucks so much power, they are afraid they will have to charge everyone a higher cost of power to supply enough (supply and demand you know?) and right now they will not allow people to set up large mining farms on a large scale but they are talking about building MASSIVE mining facilities in the surrounding regions, but right now they are trying to decide what to do. Some are thinking to charge higher rates if they find out you are mining Bitcoins.

One commercial building in my town actually caught on fire because they had filled the room with miners, and overloaded the capacity of what the building was able to handle. The building actually started to catch on fire and the fire department had to come and shut it down and such. IMO, this is mining thing is really getting out of hand, and now the time we need to switch everything over to Mintcoin, and invest in "minting" instead of "mining". How long until people see the light? Mining is actually at the point of getting physically dangerous to our livelihoods. I mean what if you are living in an apartment or something, and some dude in your apartment complex who you don't even know, burns the place to the ground because he fried the wires, people lose their home, lives could be lost, and people's lives could be ruined. It is just a matter of time, before something like this happens IMO.

I used to be a bitcoin miner, and thought it was great at first too, it is a great hobby, but every few months, you need to upgrade to bigger and better...But it never ends, and it is a rat race with exponential growth demand that will eventually destroy you. It is incredibly wasteful, not just in electrical power, but in worthless parts of outdated technology. Proof of Work is basically proof of wasting resources.

This image captures it completely:

Never again. Never again will I go the mining route.

Eventually antminers will be worthless too...

You are rewarded more by the more energy and resources you burn through. What good is a kind of system is that? I eventually came to despise mining altogether, and embraced what Mintcoin has to offer. I truly believe in it that it will be highly successful in time and coming years.

Keep on minting my friends