Bitcoin Sign up or log in to customize your list._ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 1 down vote favorite This question already has an answer here: In the ASIC-age, is it worth starting mining Bitcoin at home?From a previous business, I have 5 Dell Poweredge 2850 Servers, each with 2 Intel Xeon 3.4 Ghz processors.I also have 2 2950's, a huge 7150, and few other smaller 1 U Dell servers.All but 2 of those machines are just sitting there in the rack and not even turned on right now.I have seen CPU miners and know that these are not optimal, but have considering making 5 mining servers out of the 2850's to just see what happens.My power bill increases around $400 a month when running all of these servers/switches/UPS/Firewall/etc.(more in the summer than winter of course).I have all the infrastructure and hardware to setup these machines, but I can't seem to find any data on potential earnings with Xeon processors to see if it would be worth my time or the extra power to build miners out of these machines.

I understand that with the difficulty going up the earning will continue to decrease, but if anyone could provide some rough potential numbers or suggestions for further research, it would be appreciated.mining-profitability cpu-mining marked as duplicate by Nick ODell This question has been asked before and already has an answer.If those answers do not fully address your question, please ask a new question.up vote 3 down vote If you could get recent GPUs (Radeon HD 6850 or newer) for very, very cheap, you might be able to make a couple of Bitcoin per month.It may not be worth it, depending your electricity costs.Use these tools to help guide you to an informed decision: P3 Kill A Watt power meter, to find your actual power consumption Mining hardware comparison, to find a GPU that will work in your system and plug its hashrate into... Mining profitability calculator, to calculate what your break even or profit point will be.vanitygen is probably your best bet given the equipment that you already have.

up vote 1 down vote Two or three years ago, yes, you might've mined some BitCoins with this equipment.bitcoin kdeNow it's all obsolete, compared with ASIC-based equipment that outclasses it by 3 or 4 orders of magnitude in hash-specific processing power.bitcoin block payoutYou could run all your current equipment for a month and probably not even mine a single coin.virus in bitcoin blockchainup vote down vote I would try running SCRYPT based miners.bitcoin penguin reviewI have 3 poweredge servers to set up and thats my take for now.bitcoin 886Not the answer you're looking for?bitcoin vs scrypt

Browse other questions tagged mining-profitability cpu-mining or ask your own question.bitcoin cloud mining calculatorCan data centers tap unused server capacity to mine for Bitcoins?logiciel pour bitcoinThe question occurred to the team at the online backup service iDrive, which performs most of its customer backup jobs overnight, leaving its 3,000 quad-core servers idle for much of the day.bitcoin for sale in ghanaSo the company ran a test with 600 servers to see whether Bitcoin mining could become a secondary revenue stream.The result: running Bitcoin mining software on those 600 quad-core servers for a year would earn about 0.43 Bitcoin, worth a total return of about $275.08 at current prices on major Bitcoin exchanges.“Its a waste of time, so any other company thinking about mining with their infrastructure, learn from us,” said iDrive’s Matthew Harvey.

You need custom machines to effectively mine bitcoins and generate a real ROI.” The iDrive test-drive reinforced a common theme on Bitcoin mining forums: To earn money by mining, you need to invest in highly-customized computers using ASICs (Application Specific Integrated Circuits) to crunch data for creating and tracking bitcoins.Bitcoin is sometime referred to as the “Internet of money,” a platform using cryptography and software to offer an alternative currency and payment-tracking system.At its heart is a huge distributed computing network that verifies each transaction.Participants in this online ledger are rewarded with new bitcoins, which are issued about every 10 minutes.Over the past year, the computing power supporting the bitcoin network has soared.The cryptocurrency is now supported by a powerful global network backed by 150,000 petaflops per second of computing power, roughly 600 times the combined power of the all the supercomputers in the Top500 list.Practitioners of Bitcoin mining – the term for using data-crunching computers to earn newly-issued virtually currency – are adopting more powerful hardware, pooling their efforts and seeking to slash their power bills.

Most serious Bitcoin miners have graduated from CPUs and GPUs to specialized chips such as FPGAs (Field Programmable Gate Arrays) or ASICs that can be optimized for specific workloads.This has led to the emergence of a new class of hardware vendors selling custom hardware for bitcoin mining.The horsepower required to succeed in Bitcoin is highlighted by the iDrive simulation, which used 600 servers.“Our study projected a year of mining at 100 percent processing power 24/7 and the assumption that the difficulty of mining (the calculating of hashes) would increase linearly,” iDrive noted in a blog post describing its experiment.“In the end, we learned a lot about the interesting process of bitcoin mining, however, for us, the pros did not outweigh the cons.So, IDrive decided to stick with that we do best.” They’re not the only ones who’ve contemplated repurposing powerful equipment to pursue cryptocurrency, The 4,000-core Odyssey supercomputer at Harvard was secretly used to mine Dogecoin, the ironic virtual currency used primarily for online tipping.