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What to do with ASIC

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ThinkTank

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Posts: 43
Location: Palm Springs

I have to older bfl singles that for efficacy sake are not with running at 50 gh for btC, is there any recommendation for sha 256 alt coin that would run w cg miner style program what would be worth wild, if not intellectually interesting other then btC ? Please not list every sha 256 alt coin but a reason why to pick one over the other thanx in advance

Posted on August 12, 2014 at 11:54 PM

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• eshriek

  

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  btc is the most profitable coin right now. Everything else is a guess. Even if you knew that a coin was going to go to the moon soon, you would be better mining btc and then trading the mined btc for that coin. But this is likely not the best solution.

  The best solution is to scrap it, unless your electricity is free. The money you save on your electricity bill can go towards btc or another coin. With 50GHs you would probably generate about .0012 btc per day (maybe a little over $20.00 per month). If you pay $0.15 per kw hour and your device is using more than about 200 watts (pretty much a guarantee with an old BFL), then you will never earn more than what it costs to run the device.

  http://www.electricity-usage.com/Electricity-Usage-Calculator.aspx

  If you're set on mining another coin, try to find something that just launched that you find appealing. You have to decide for yourself. Just the process of mining a new coin can be intellectually stimulating. SHA256 coins are relatively rare. Try finding a few on sites like the following:

  https://www.altcoincalendar.info/coins

  http://www.cryptolaunch.net/

  http://altcoinherald.com/altcoin-launch-calendar/

  ---

  Disclaimer! Please note, I don't know much about these sites (posting them is not an endorsement), I've mostly found them while on bitcointalk. It would nice to hear from others if they know pros/cons of these or similar sites.

  Posted on August 13, 2014 at 3:12 PM
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• ThinkTank

  

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  Location: Palm Springs

  excellent response thank you. Thinks..... what can I invent to utilize this older hardware.

  Posted on August 13, 2014 at 3:38 PM
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• sammir

  

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  its true, i think the best ides for you is sell the device get some money for it and buy btc, max profit.

  Posted on August 13, 2014 at 4:59 PM
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• ZyTReX

  

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  Buy BTC is the best way to profit :)

  Posted on August 13, 2014 at 5:01 PM
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• noel57

  

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  Sell it off and get a BTC you would make high profits from it.

  Posted on August 14, 2014 at 2:32 AM
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• noobdan

  

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  you can see http://www.coinwarz.com/cryptocurrency to decide which has more profit and right now 2nd is bitcoin, haven't seen this in a while

  Posted on August 14, 2014 at 8:21 AM
  Last Edited: August 14, 2014 at 8:22 AM
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• smartcoins

  

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  Posts: 270
  Location: Indonesia

  still mine, and I suggest that you rent ASIC power

  Posted on August 14, 2014 at 8:26 AM
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