Quote from: skimmer333 on July 08, 2014, 08:10:53 AM

Quote from: ALToids on July 08, 2014, 08:00:19 AM

You could have made a few dollars a day on CPU centric coins 2 months ago. Today you would be spending more in electricity mining than you could earn in coins. So unless you have free electricity, no point in mining.

I kinda have free electricity. I have to pay a fixed utility price a week, so may as well use it up

I've taken a look at the cpuminer on this forum (https://bitcointalk.org/index.php?topic=55038.0) and have that ready to go.
Just unsure on how to use it properly, or if it is to be used at all for coins like LiteCoin and PrimeCoin. Which was why I thought about using that middlecoin website.

Cheers,
Skimm

Bitcoin started off with CPU mining in 2009. It currently uses ASICs which are about 1 million times as powerful as a CPU. Same thing for Litecoin, it started off with CPUs but then went to GPUs which are 100x as fast and now ASICs are arriving there too which are about 10X that of a GPU. Same with Primecoin (XPM) - it started off with CPUs last year and went to GPUs this year.

You would make about 15 cents per month mining Primecoin. You would not even make 1 penny a month mining Litecoin. Even with free electricity unless a new CPU only coin comes out you can't make any money past a few cents - sorry you're late to the party Sad