Honest question, how much power my PC does require for some decent mining like this? I think I need a new PC for this and that is investment :)
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Honest question, how much power my PC does require for some decent mining like this? I think I need a new PC for this and that is investment :)
Try this 2 services mentioned, do benchmarks and they will give you average
Does this mean, we can directly mine even without ASIC using our PC?
Yes. As far as I know all the ASICs out there will only do SHA256 (though some might be even more restricted to only work with BTC). Some hash algorithms would be prohibitively difficult to put into an ASIC. There might be some other algorithms that could go into an ASIC, but that are used on coins that just aren't worth the development effort to do so.
Whatever the reason may be, it puts everyone on much more "even footting" when it comes to mining.
Asic can do scrypt, and some can do x11 too.
Yes Some asic and gridseed miner's do both. This is more for bitcoin, litecoin and Ethereum mainly. If you use EOBOT https://www.eobot.com/user/822288 and tie your miners in than you can mine multiple algorythems providing you use your miners to gain cloud mining power. This is also a great way to get more mining power for a low budget
@markosky just use the nicehash profitability calculator (https://www.nicehash.com/?p=calc ). Select your gpu or the gpu you are looking to buy. It will tell you how much power the gpu will use, what will be it's hash rate, What will be your Return on Investment (RoI), your profit and how much you will be making on daily basis
Hope that helps :)
Thankyou @kartikbholla
I tried to look for my hardware....LOL. I don't have anything like those expensive requirements.
I have an I7 950, 12GB ram, 2x amd 5770 in crossfire. It plays my steam games on windows just fine, and linux of course its a beast. So why is it so hard to mine with old hardware ? I would think it would be just the opposite. This is my first post in the community !