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    BitCoin Mining with a Dedicated Server?

    What do you think if using a dedicated server to earn BitCoin? Is it possible? I saw more people are using high PC specs to get BitCoin but not sure how if use a dedicated server instead. What are your thoughts?

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    Having recently played with the idea of Bitcoin as I might have some servers just sitting around, I can tell you after a 30 day run of a few servers, I made the equivalent of roughly $5 in bitcoin from 3 servers. Two of the servers were E3-1240v5 CPUs, and one E3-1270v6. So doing some more research it appears the only way to make money mining Bitcoins is with the ASIC mining hardware.

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    Quote Originally Posted by David Beroff View Post
    What do you think if using a dedicated server to earn BitCoin? Is it possible? I saw more people are using high PC specs to get BitCoin but not sure how if use a dedicated server instead. What are your thoughts?
    For bitcoins it's not possible to mine without FPGA or ASICs, BFGMiner (very powerful and very expensive), and it's already too late for Etherum and Litecoin.
    CPU are not fast enough, and GPU are too expensive.
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    Quote Originally Posted by VirtuBox View Post
    For bitcoins it's not possible to mine without FPGA or ASICs, BFGMiner (very powerful and very expensive), and it's already too late for Etherum and Litecoin.
    CPU are not fast enough, and GPU are too expensive.
    So dedicated servers on the market now are not possible to serve for BitCoin Mining?

    Quote Originally Posted by madRoosterTony View Post
    Having recently played with the idea of Bitcoin as I might have some servers just sitting around, I can tell you after a 30 day run of a few servers, I made the equivalent of roughly $5 in bitcoin from 3 servers. Two of the servers were E3-1240v5 CPUs, and one E3-1270v6. So doing some more research it appears the only way to make money mining Bitcoins is with the ASIC mining hardware.
    I am still new to bitcoin. I'd like to know how much did you spend for 3 these dedicated servers?
    and how much for $5 in bitcoin equal how many dollars?
    I tried bitcoin to dollar on Google and its displaying 5 bitcoins equal 14049.35 US dollars. Is that exact?

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    the conversiont bitcoin/dollar it's correct.

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    Quote Originally Posted by David Beroff View Post
    So dedicated servers on the market now are not possible to serve for BitCoin Mining?
    dedicated servers with GPU can be used to mine, but you will just only loose money. A server with
    4 x NVIDIA Geforce GTX 1080 cost at least $1400/mo.
    I tried bitcoin to dollar on Google and its displaying 5 bitcoins equal 14049.35 US dollars. Is that exact?
    Currently 5 bitcoins = 13957.70$
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    Quote Originally Posted by VirtuBox View Post
    4 x NVIDIA Geforce GTX 1080 cost at least $1400/mo.
    For example, If madRoosterTony ran 3 dedicated servers with this pricing then 3x $1400 = $4200 / month

    Quote Originally Posted by VirtuBox View Post
    Currently 5 bitcoins = 13957.70$
    and he earned 13957.70$, it is worth to get bitcoins in this way, right?

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    bitcoin it's like WallStreet with change value with euro/dollar etc there is good period and bad period.
    In anyway you need to know like it's work

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    Quote Originally Posted by David Beroff View Post
    For example, If madRoosterTony ran 3 dedicated servers with this pricing then 3x $1400 = $4200 / month

    and he earned 13957.70$, it is worth to get bitcoins in this way, right?
    No, he told you he earned around $5 in bitcoin, not 5 bitcoins. And he was mining with CPU, not GPU.

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  10. The Following User Says Thank You to VirtuBox For This Useful Post:
    David Beroff (07-23-2017)

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    Thats correct, I earned $5 total. Not 5 bitcoin. I earned 0.00179483 Bitcoin

    As we already owned these servers (i.e. servers that ready for someone to buy from us through the hosting company), they did not cost me anything. But on average these servers would cost someone around $150 a month. So doing the math $150 x 3 = $450 - $5 earned, I would have lost $445 a month.

    GPU mining increases the output, but from what I read not greatly. You have to use the ASIC devices if you want to generate any real bit coin.

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    Quote Originally Posted by madRoosterTony View Post
    I would have lost $445 a month.
    It is not a big amount but it was really a big experience for you

    Quote Originally Posted by madRoosterTony View Post
    GPU mining increases the output, but from what I read not greatly. You have to use the ASIC devices if you want to generate any real bit coin.
    This means you are still new to bitcoin mining and you are studying to earn more bitcoins, right?

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    Quote Originally Posted by David Beroff View Post
    This means you are still new to bitcoin mining and you are studying to earn more bitcoins, right?
    I currently have a little over 10 bitcoins that I have gained through a number of means over the years. My experiment was more if CPU mining was even a viable solution anymore. Due to the fact that any given time I have a number of servers that I can "Hijack" for use to CPU mine since we pay a flat rate fee on our power at the data center, its not really any money out of my pocket other then a little bit of bandwidth. Although it does not take long to setup a miner and I could have created an ISO image to load and make it even easier, earning $5 a month off of 3 servers is not worth my time to monitor which servers I have available, which ones have been reclaimed by the provisioning department and issued to clients, etc.

    I have no plans to setup an ASIC computer to continue to mine. From what I understand you can mine Litecoin with CPU mining, but as the price of it is around ~$45, Im not sure its worth it either.

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    Quote Originally Posted by madRoosterTony View Post

    I have no plans to setup an ASIC computer to continue to mine. From what I understand you can mine Litecoin with CPU mining, but as the price of it is around ~$45, Im not sure its worth it either.
    It's already too late to mine Ethereum/Litecoin with CPU, currently Nvidia GTX 1070 or AMD RX 570 are enough but if you check some online stores, both of them are out of stock due to the huge amount of sells for crypto mining.

    LiteCoin price during the past year :
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    Not really, not without dedicated Bitcoin equipment. You'll be paying more in electricity than you're gaining in bitcoin. It used to be the case, but no longer. Plus with the massive volatility in bitcoin (more than usual) right now, it's probably not the best use of your resources.

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    Bitcoin it's like WallStreet with modify value with euro/dollar etc there is great interval and bad interval.

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    please don't mine bitcoin with such a thing, it is a purely waste of time you need a powerful device like antminer s3 s4 s5, anything else will not cut it the same applies to bitecoin

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    Having bitcoins is great because we all know that it has a big amount of value so I think any one of us want to have that bitcoin. Bitcoin mining having with a dedicated server is good so that we can ensure earning those things.

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    Quote Originally Posted by mar06 View Post
    Having bitcoins is great because we all know that it has a big amount of value so I think any one of us want to have that bitcoin. Bitcoin mining having with a dedicated server is good so that we can ensure earning those things.
    You cannot mine bitcoin with a dedicated servers, even with addtional GPU. Bitcoin can only be mined with ASICS nowadays.

    But there are some good alternative you can mine with a CPU like the Monero (XMR).
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