07-21-2017, 03:00 PM #1
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?
07-21-2017, 03:10 PM #2
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.
07-21-2017, 03:25 PM #3
CPU are not fast enough, and GPU are too expensive.
07-22-2017, 10:24 AM #4
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?
07-22-2017, 10:29 AM #5
the conversiont bitcoin/dollar it's correct.
07-22-2017, 10:31 AM #64 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?
07-23-2017, 03:51 AM #7
07-23-2017, 08:30 AM #8
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
07-23-2017, 08:35 AM #9
The Following User Says Thank You to VirtuBox For This Useful Post:
David Beroff (07-23-2017)
07-23-2017, 07:47 PM #10
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.
07-24-2017, 02:28 PM #11
07-24-2017, 03:16 PM #12
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.
07-24-2017, 07:21 PM #13
LiteCoin price during the past year :
07-31-2017, 03:36 PM #14
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.
10-09-2017, 07:25 AM #15
Bitcoin it's like WallStreet with modify value with euro/dollar etc there is great interval and bad interval.
10-12-2017, 03:22 PM #16
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
01-15-2018, 03:16 PM #17
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.
01-15-2018, 08:26 PM #18
But there are some good alternative you can mine with a CPU like the Monero (XMR).
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