BitCoin Mining with a Dedicated Server?

David Beroff · Jul 21, 2017

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?

madRoosterTony · Jul 21, 2017

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.

VirtuBox · Jul 21, 2017

David Beroff said:
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.

David Beroff · Jul 22, 2017

VirtuBox said:
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?

madRoosterTony said:
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?

CaygriWEB · Jul 22, 2017

the conversiont bitcoin/dollar it's correct.

VirtuBox · Jul 22, 2017

David Beroff said:
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$

David Beroff · Jul 23, 2017

VirtuBox said:
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

VirtuBox said:
Currently 5 bitcoins = 13957.70$

and he earned 13957.70$, it is worth to get bitcoins in this way, right?

CaygriWEB · Jul 23, 2017

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

madRoosterTony · Jul 23, 2017

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.

David Beroff · Jul 24, 2017

madRoosterTony said:
I would have lost $445 a month.

It is not a big amount but it was really a big experience for you

madRoosterTony said:
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?

Lem · Jul 31, 2017

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.

johnnymorgan · Oct 9, 2017

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

rdpproviders · Oct 12, 2017

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

mar06 · Jan 15, 2018

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.

DTS-NET · Feb 22, 2018

agree with VirtUBox cost wise but you can mine with dedicated servers Dual CPU or GPU or you just need the right programs on the server.

execorehosting · Mar 7, 2018

There is a lot lower overhead to mine alt coins like XMR. For instance I can produce around 600-800h/s on a server I pay $75/month. Surely it's not pay for itself. Might as best do for me $1-2 a day ( dont crucify me on the estimates), but when you add in speculation it COULD more than make up for its cost. And of course i'm only paying sub $100 a month and getting a use out of it for other aspects of my business. On the other hand, I dont have a use for servers with GPUs installed. And I have not found any for lower than $200/month. So I might produce more h/s but now my investment becomes a dual use plan to just a purely speculative approach. Where my expectation is to make profit, but the reality is with overhead I may be hoping for a pop to just break even.

mithras123 · Mar 12, 2018

In a short amount of time the cryptocurrency will take over the money from every country.

valvps · Mar 13, 2018

which can be mined with a server or vps?

execorehosting · Mar 13, 2018

You can mine with server or VPS, just depends if the host you are buying from will allow it. Its far more economical to mine an Altcoin like monero than BTC with a cpu, but hey if you want to take 5 years to make a coin go for it!

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