Any CPU mining worth the cost of electricity? What about Helium and Helium miners?

[Hemmingstamp]

I'm sure it will. Doesn't mean I'm going to tolerate it..

I'm glad to hear it.

 

[R-T-B]

If you do want to go the helium route they seem to be taking orders for that Bobcat radio relay/miner in crypto-stablecoins (USDC) form. It claims to have a 10mi range. I'd happily do the cash-> crypto-stablecoins part for you if you need it and probably buy one myself in the same order @PaulieG


There's a 10-12 week lead time to build it though. That's icky. But I will admit the techy in me is tickled by this idea. Cool little thing I was not aware of. Just don't... you know, it should go without saying, but it doesn't. Never spend money you can't afford to lose. I'd just be in it for the fun.

 

[Amite]

I'm pretty much a complete noob with anything crypto. I have no interest in GPU mining whatsoever for so many reasons I won't get into here. However, I am curious. Is there anything out there that is CPU only and profitable after electricity costs? Also, what about Helium and helium miners? Are the miner machines likely to be worth the investment? I have done some research, but much of this stuff still makes me dizzy.

Try Chia
game while mining

 

[PaulieG]

If you do want to go the helium route they seem to be taking orders for that Bobcat radio relay/miner in crypto-stablecoins (USDC) form. It claims to have a 10mi range. I'd happily do the cash-> crypto-stablecoins part for you if you need it and probably buy one myself in the same order @PaulieG


There's a 10-12 week lead time to build it though. That's icky. But I will admit the techy in me is tickled by this idea. Cool little thing I was not aware of. Just don't... you know, it should go without saying, but it doesn't. Never spend money you can't afford to lose. I'd just be in it for the fun.

The Bobcat appears to be the most cost efficient Helium miner. I think I would have bought 2 if they had took payment in something other than crypto. I'll send you a PM tonight or tomorrow regarding your offer. This is certainly just fun for me. If there is profit, it would just be a bonus. I'm just really curious.

 

[R-T-B]

The Bobcat appears to be the most cost efficient Helium miner. I think I would have bought 2 if they had took payment in something other than crypto. I'll send you a PM tonight or tomorrow regarding your offer. This is certainly just fun for me. If there is profit, it would just be a bonus. I'm just really curious.

Ditto. Would be fun to form a TPU group to play with it at least.

Try Chia
game while mining

Chia is pretty much a non-earner without 16TB now or something I heard... just sayin'

 

[Space Lynx]

The telecommunications companies are notorious for 'donating' to congress. I really don't see Helium going anywhere, if it gets any traction at all, they will make sure it gets shut down, in USA anyway. I'm sure they will claim stuff like security risks, etc.

 

[lexluthermiester]

The telecommunications companies are notorious for 'donating' to congress. I really don't see Helium going anywhere, if it gets any traction at all, they will make sure it gets shut down, in USA anyway. I'm sure they will claim stuff like security risks, etc.

Actually that's possible... There's also the issues of degraded signal effect. The FCC might step in and put the clamp on it all...

 

[R-T-B]

It's all possible, but my understanding is the FCC already approved the bands it uses, so kind of hard to walk back that approval.

Actually that's possible... There's also the issues of degraded signal effect. The FCC might step in and put the clamp on it all...

Not much else operating in the 915Mhz spectrum that I know of... open to being shown otherwise though.

 

[MIRTAZAPINE]

Ditto. Would be fun to form a TPU group to play with it at least.


Chia is pretty much a non-earner without 16TB now or something I heard... just sayin'

I tried Chia out curiosity by using HDD to plot rather than ssd to do it as I don't wanna burned it up. I am keeping an eye on this coin as it affect my datahoarding hobby hdd collection. You are right it is a non-earner. It ok if you already have existing NAS to do this too. Even then to get to fill up a 16TB would take ages without an SSD doing it or goup of rams and cpu threads. The network is at 10.441Eib now, the speed of growth is insane. It was only at 8EIB on last saturday few days back. You could not fight the rapidly increasing difficulty. I just plotted 2.2TB worth of HDD estimated time to win a coin is 3 years lol. By the looks of the exponential of growth for the Chia network. They would take a sizeable percentage of HDD shipment used the coming months. Better to just buy some WD or seagate shares, their sales are going up.

 

[R-T-B]

The Bobcat appears to be the most cost efficient Helium miner. I think I would have bought 2 if they had took payment in something other than crypto. I'll send you a PM tonight or tomorrow regarding your offer. This is certainly just fun for me. If there is profit, it would just be a bonus. I'm just really curious.

Any thoughts on this PaulieG? Not to rush you but if doing a combined order I may just be jumping on my own soon.

I'd still happily convert the crypto for you of course, so no pressure.

 

[PaulieG]

Any thoughts on this PaulieG? Not to rush you but if doing a combined order I may just be jumping on my own soon.

I'd still happily convert the crypto for you of course, so no pressure.

Everything hinges on whether I get some of this gym equipment sold tonight. A guy from Atlanta will be up to look at it this evening, so I'll know better then.

 

[R-T-B]

Everything hinges on whether I get some of this gym equipment sold tonight. A guy from Atlanta will be up to look at it this evening, so I'll know better then.

I'm still evaluating for a day or so what my plans are so sounds good.

 

[MentalAcetylide]

I wouldn't expect it to crash any time soon unless something dramatic unexpectedly happens. There's a guy making over $300 per day mining "lone wolf" style with around 45 low end 4Gb NVidia cards in server racks running some kind of Linux OS specifically meant for mining. That's with the cost of electricity included. Altogether he spent close to $17k on the equipment over the past couple of years adding on to it.

 

[R-T-B]

I wouldn't expect it to crash any time soon unless something dramatic unexpectedly happens. There's a guy making over $300 per day mining "lone wolf" style with around 45 low end 4Gb NVidia cards in server racks running some kind of Linux OS specifically meant for mining. That's with the cost of electricity included. Altogether he spent close to $17k on the equipment over the past couple of years adding on to it.

That's nice but this thread isn't about gpu mining.

 

[lexluthermiester]

I wouldn't expect it to crash any time soon unless something dramatic unexpectedly happens. There's a guy making over $300 per day mining "lone wolf" style with around 45 low end 4Gb NVidia cards in server racks running some kind of Linux OS specifically meant for mining. That's with the cost of electricity included. Altogether he spent close to $17k on the equipment over the past couple of years adding on to it.

That's nice but this thread isn't about gpu mining.

Not to mention that with the "Proof of Stake" change-over happening, GPU mining is going to be dead in the water...

 

[ShiBDiB]

I actually did a semi deep dive on helium last week. As far as mining it's HEAVILY dependent on your location and the amount of people near you also mining. There's also a tipping point where a location gets oversaturated and becomes less profitable.

There's posts by RF techs who are setting up crazy antenna setups to maximize profits (a few then saying it was NOT worth the investment outside of it being interesting to do).

It has the makings of being profitable for a few people in great locations, and being a pricey investment for those who get in late or don't research their location well enough.

 

[R-T-B]

I actually did a semi deep dive on helium last week. As far as mining it's HEAVILY dependent on your location and the amount of people near you also mining. There's also a tipping point where a location gets oversaturated and becomes less profitable.

I did a little homework on this too. It's basically encouraging you to build in dead zones, but not in corn fields. You still want nodes nearby (ie people live there).

I live in an ok spot for this, actually. There are already 1-2 nodes near me.

BTW, I ordered mine @PaulieG, and the taxes (at least here in Washington) plus the shipping from Chinaland make its price rather more hefty. Still willing to do the convert for you but keep this in mind:

Keep in mind there is also a ~$4 fee to send the payment. It gets up there a bit above the $429 for the miner, as you can see. I like the tech, but the costs are a bit out there. We'll see how it goes.

It has the makings of being profitable for a few people in great locations, and being a pricey investment for those who get in late or don't research their location well enough.

I'd say if money is your goal, buy the token now as it seems to be "hot." But again, what do I know? I'm a frog.

 

[R-T-B]

$100 in Helium swelling nicely. Keep in mind, most crypto is flopping right now...

https://www.coinbase.com/price/helium

 

[R-T-B]

I just wanted to update re my miner order, it still has not shipped. They have a timeframe that suggests it will ship soon (1-2 months, next few batches), but I doubt I will make an RoI on the miner itself due to the incredible turn around it took.

@PaulieG if you want to mess with it I might sell my seat to you. Lmk if you have any interest. Bobcat miner that should be shipping within 1-2 months at tops. You can also wait until I have it in hand, no issue on my end (and understandable).

I know you wouldn't pay full price, Hit me.

 

[R-T-B]

My miner arrived today.

I had a change of heart. Despite no ROI in site, I am going to document the setup and earnings of this thing, review style.

It is the least I can do, given this is one of the few productive "Proof of " algorithms out there today.

Stay tuned.

 

[lexluthermiester]

My miner arrived today.

I had a change of heart. Despite no ROI in site, I am going to document the setup and earnings of this thing, review style.

It is the least I can do, given this is one of the few productive "Proof of " algorithms out there today.

Stay tuned.

No sarcasm intended: I'm interested in reading/viewing what you're talking about.

 

[Deleted member 202104]

My miner arrived today.

I had a change of heart. Despite no ROI in site, I am going to document the setup and earnings of this thing, review style.

It is the least I can do, given this is one of the few productive "Proof of " algorithms out there today.

Stay tuned.

Will you post it here or somewhere else? I'd enjoy reading through it.

 

[R-T-B]

Will you post it here or somewhere else? I'd enjoy reading through it.

In the crypto forum, most likely in a new thread.

No longer a news writer officially but still can show off some tech fun.

 

[stinger608]

All of the mining trends have sparked a serious interest in me, but man, what way does a person go? It's mind boggling how many different "mining" projects are out there and on the horizon.

I just looked, and the helium is at $42.xx right now. I was thinking of, like @R-T-B , tossing a hundred at it and forget about it for awhile............But, finding how to buy this is also mind boggling!!!!!

 

[R-T-B]

So no photos of the setup because that will come later, but fun fact: new "curved screen" android phones seem to currently have an issue with the Helium app where you cannot press the button to tell the miner where to send your payout. Pretty amazing.

Fortunately, I had an old Iphone SE and was able to complete setup with that. But yeah, that was a serious rough edge that almost ended this before it began.