In b4 “You wont make a profit”… i know, i want to use my computer to heat my apartment. i figure that even if i’m making a “loss” each month on the mining it’s still cheaper than running my apartments electric heaters when you account for the sold (or not) bitcoin.

I’ve been doing well keeping things warm by Folding at home on the CPU but apparently AMD GPUs aren’t supported for that and i want to put my GPU to work too.

I briefly mined some litecoin in like 2013/14 when BTC was just about popping off. other than that i have no mining experience (and i would have been using windows back then)

Need to sort something soon, Jan and Feb are probs the coldest months in the UK and i have gotten this far this year without using the heaters

  • OsrsNeedsF2P@lemmy.ml
    11·
    6 months ago

    As others said, you probably want to mine something like Monero instead of Bitcoin, since you literally won’t even make a penny (even if you had free electricity) mining BTC.

    Gupax (https://gupax.io/) is quite good for this, it makes it as simple as one-click run

  • AndrewZabar@lemmy.worldEnglish
    4·
    6 months ago

    Not to hijack this post, but since there are knowledgeable folks participating, could someone point to either an article or a video that explains the various crypto currencies, how they work, what role the mining functions, and explains them in language that most people can understand?

    Thank you if anyone has a reference to provide. :-)

    P.S. I’m aware Google exists, but I’d like one that’s at least vetted by someone knowledgeable. Between search manipulations and AI, I’ve found searching to be very iffy as it is in terms of finding good authoritative results.

  • HappyTimeHarry@lemm.eeEnglish
    4·
    6 months ago

    Head over to moneroocean.stream or unminable.com and mine whatever GPU coin has the highest return.

    Avoid nicehash, they used to be popular but recently started nickle and dining fees for all kinds of stupid reasons.

  • GooeyGlob@lemmy.worldEnglish
    4·
    6 months ago

    Bitcoin is basically only mined via ASICs now. You can still mine something like ETC but honestly chains have (rightfully) been moving to far more efficient consensus using Proof of Stake.

    For the amount of electricity you would need to mine a meaningful amount of BTC, you’d be much better off buying spending $50 or $100 worth of BTC or ETH every week. Either hodl or DCA sell when prices bounce up.

  • Jumuta@sh.itjust.works
    3·
    6 months ago

    if you can get a heat pump (maybe a window unit) it’ll get >100% efficiency bc of heat pump magic

      • Shadow@lemmy.ca
        1·
        6 months ago

        Ah no, I haven’t mined in years. That sucks to hear, they used to be an easy thing to point people at.