_ 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 0 down vote favorite I don't need to pay for power to my computer.Is it a good idea to mine LTC or BTC on Intel Core Duo processor?My CPU is 2 x 2.6GHz (computer woks 24/7) mining-profitability cpu-mining up vote 3 down vote Mining on both Bitcoin and Litecoin is now dominated by ASICs.Even with Litecoin, you'd only mine at best about US$0.45 worth in a year.You should have better luck if you can find a cryptocoin based on something besides SHA-256 or scrypt, for which there is no GPU or ASIC mining, such as Riecoin or Darkcoin./ lists some more CPU-friendly coins.up vote 1 down vote Both of these links discuss how to CPU mine profitably./how-to/how-to-cpu-mine-x11/ or /index.php?topic=439874.0 But if you don't pay for power... Try to partner up with someone with a good mining rig and divide the profits.

Browse other questions tagged mining-profitability cpu-mining or ask your own question.You probably have heard of Bitcoin by now, some say this will be the future our financial transactions.We will see if that’s true or not in years to come.That said, Bitcoin might be hard to grasp on at first, it’s a form of crypto-currency that acts as a currency only live digitally on the internet.bitcoin spot north hollywoodThis isn’t a guide on understanding what Bitcoin is, but rather a step-by-step guide on how to spin off a virtual machine on your own to start mining Bitcoins.bitcoin celebrated as way to avoid taxesThe setup only works for mining on a shared pool, and is what most people out there are doing those days.jason kelly bitcoinIf you ever hoping to mine some Bitcoins shared pool is your best bet.

For a standard desktop CPU to mine a single Bitcoin, according to the calculation some did, it would need 100 years to mine one single Bitcoin.First go login to Microsoft Azure, they offer free trail if you don’t have a paid plan.We will be using Ubuntu as the base image to run this program called cpuminer.Click “All Resources” > Type “Ubuntu” Pick Ubuntu Server 15.04 or 14.04 both are ok.Click Create, this will proceed and you will need to give a hostname, user name and password.Remember the user name and password as that’s your root user to use to SSH login to the server.Use a tool such as Putty to SSH into the server with the credential and IP from above.Run the command below.First two command make sure your Ubuntu system are up to date.Next, it will grab all the dependencies that cpuminer requires in order to compile and run.” part to something that usually starts with stratum+tcp:// follow with your shared pool URL and your username and password.Make sure you add –a sha256d in the end if you are mining a shared Bitcoin pool.

This is the Bitcoin hash algorithm are in, and by default cpuminer is using Litecoin’s hash algorithm.So if you don’t add that you will be wasting time mining.Your program will never be able to solve any hashes and tractions, and you will never rewarded for the effort.If you don’t have a shared pool to mine, or don’t know where you should start.There is a list of comparisons of shared pools take a look before start mining !When you started the mining process, you should expect to see something similar above.If you see any accepted n/n khash/s (yay!!!)that means you are doing it right.You should expect to see rewards from your shared pool whenever you scoring a hash.Dogecoin has fallen from the early, heady days when no one really cared about the sustainability of the coin and everyone was riding their shibes to the moon.Today, Dogecoin is facing a whole host of problems, but perhaps the biggest of them was just solved.Dogecoin was facing the possibility of a 51 % attack.The coin is rapidly lowering it reward rate for miners.

That obviously is resulting in fewer miners which means a lower hash rate and a less secure network.The coin's community has decided to go forward with merged mining.Enabling merged mining will allow users to mine Doge and Litecoin (or other Scrypt-based coins) at the same time.It won't change the total output of coins, but will instead allow miners to receive two revenue streams at the same time, increasing their reward.Litecoin's creator Charlie Lee has been communicating with the Dogecoin community and has help make the case for merged mining.Dogecoin was never designed to last as long as it has.Fitting into its meme nature and nearly sarcastic creation, it was designed to last a year or two rather than exist as a long term, stable currency.Dogecoin was and still is very favorable to miners.Dogecoin is designed to be mined 20 times faster than Bitcoin.So whereas Bitcoin was designed to have 95 % of its coins mined in the first 20 years, Doge is designed to be 95 % mined in the first year.

The idea behind Bitcoin's mining algorithm is that in twenty years the coins will be valuable enough that mining is still profitable with 95 % of the currency already in circulation.Once 100 % of the coins are mined, the idea is that the mining fees will be valuable enough to encourage enough miners to secure the system.But, with 95 % of the world's Dogecoin set to be released by block 600,000 there will then be very little incentive for miners to process transactions and secure the network.If Dogecoin's price jump dramatically and compensated the drop in price, then the network would stay secure, but that appears unlikely.So, allowing miners to also mine Litecoin will secure both networks and increase the reward for miners of both currencies (assuming they switch to merged mining).It seems like a win/win for both currencies.But, there are some drawbacks.First, Doge will require another hardfork, something its community had to deal with once already.If the community decides to drop merged mining support then it will need to hardfork again.