What is this BTC gizmo?

Discussion in 'Digital Currencies' started by TreasureHunter, Nov 20, 2013.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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  2. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    That's a USB ASIC essentially.
     
  3. capt.sparrow

    capt.sparrow New Member

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    Wow! that really explains it well!!

    NOT ...
     
  4. House

    House Well-Known Member Silver Stacker

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    Not that difficult to harness the power of The Google... It allows you to mine BTC. Different devices earn different amounts depending on it's power to solve problems.
     
  5. TreasureHunter

    TreasureHunter Well-Known Member

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    Ha ha ha :D

    It's obvious, it's Dexter's "hyper-crypto-nuclear-bitcoiner-tri-modolar-ionizer"... and it's actually USB compatible :p

    :lol:

    [​IMG]
     
  6. TreasureHunter

    TreasureHunter Well-Known Member

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    ...that explains it :p
     
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Until now I saw immense machines, computers with lots of GPU's, CPU's etc. etc. and huge cooler fans.

    I don't know what power a USB gizmo like that could have...
     
  8. House

    House Well-Known Member Silver Stacker

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    Here's an example on Gumtree;

    This ASIC USB miner, manufacturered by ASICMiner, will allow you to mine Bitcoins at a rate of 335MH/s with a power consumsion at 2.5Watts or 0.510mA each total of 3.3 GH/s.
    Running this device at the current difficulty is estimated to earn 0.0003 Bitcoins a day, which is approximately AUD$ 0.8 cents. Note. this is an estimate only and difficulty increases every 12 days.

    http://www.gumtree.com.au/s-ad/rowv...asic-miner-please-read-description/1026281539

    I have no idea what it is either! Looked it up out of interest
     
  9. beeteecee

    beeteecee New Member Silver Stacker

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    The block eruptor ones are way outdated these days.

    You will never mine more than they cost. You'd be better to just take the money and buy btc with it. You can get a zillion time better deal for mining hardware than ebay if you look on the btc forum, but still improbable you would ever break even.
     
  10. TreasureHunter

    TreasureHunter Well-Known Member

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    Suppose you have a laptop that runs on batter - more energy efficient, though less powerful than a large machine.
    Prolly it's better to mine LTC, they can be mined faster!

    Could you still mine Bitcoins/Litecoins with laptops on accumulator?

    Can you interrupt the mining process? Will it still mine you a little like 0.0000000001 LTC/BTC?

    You could simply go to your working place, plug it in and let it work during your working hours. Every day!

    This one promises power:
    http://www.ebay.com/itm/BITCOIN-USB...274?pt=LH_DefaultDomain_0&hash=item2ecbf8075a

    Give me an estimate to how much LTC can be mined in say... 6 hours with a laptop connected to a power plug?

    I suppose these can mine LTC or is a different device needed for that? I guess normally just the miner program should differ...
     
  11. beeteecee

    beeteecee New Member Silver Stacker

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    The ASIC miners are for mining bitcoins and most other alt coins, but not suited to ltc and a few others.

    If you were to mine, you would join a mining pool. This lets you connect a bunch of your miners into one team, as it were, and stop and start them as you please. So as they find lil bits they all feed into your pool account. Most pools have a minimum withdrawal limit, so if you have a slow miner, you will be mining a very long time before you cross that limit.

    There are calculators you can use, but to give you a rough idea, I have a decent quad core laptop. If I ran it 24/7 at full load for a year, I would have 6.1596 LTC according to the calculator, however the network difficulty rate is increasing super rapidly, which means every mining machine mines less and less as time goes on. So I'm guessing it would be more like 1 to 1.5 LTC in reality.

    Some of the alt-coins are suited to particular hardware. Primecoin is designed for CPU mining so you might have more luck with that, but the old days of mining are gone, imo.

    http://ltc.kattare.com/calc.php (my quad core is 22kh/s for reference)
     
  12. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Universal Serial Bus, Application Specific Integrated Circuit.
    Better?

    There's information on the Ebay pages. It tells you what it is.

    Surely you'd find Google more useful than posting questions on a Silver forum.
     

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