Nobody has posted
this link yet?
Hi all,
I have an IBM x336 Type 8837 eServer 1RU(recently gifted). It's a Xeon 3.0Ghz with a 4Gb RAM.
I'm wondering if it is worthwhile trying/attempting to do any type of mining with either BitCoin or a different coin? i.e. Litecoin, PrimeCoin, DodgeCoin etc.
As you can probably guess, it doesn't have a video card, so I would be cpu mining.
Would it be worthwhile to even attempt to do some mining with this machine? It's sitting there doing nothing at the moment.
Also, was looking around and came across a suggestion to use middlecoin.com. Has anyone used this site before, and if it is worth mining with the above, would it then be worth using this site?
Cheers,
Skimmer.
Don't bother mining Bitcoin with your rig. CPU mining became worthless in the very early days of Bitcoin mining. GPU mining became worthless last year when ASICs hit the scene.
The same has happened/is happening with Litecoin. It was once mined by CPUs, then by GPUs. It's still mined by GPUs today but ASICs are coming out that are far more efficient and powerful. Soon it will no longer be profitable to mine Litecoin with even the most high-powered GPUs.
Your best bet would be to mine CPU coins. That is, coins which use an algorithm that can't yet be mined with GPUs because a GPU miner isn't available or coins where GPU mining provides little or no advantage. Check out the link that I posted above. The selection of coins that you can mine with your current setup is limited, but they do exist. For example, there is Bytecoin and Monero (both anonymous coins) and Riecoin (a coin very similar to Primecoin).
Once you have mined these coins, you can either choose to keep them - or trade them for bitcoins on an exchange.