LINKS: - - - - - Welcome to! Pure security using only for fair distribution of wealth. Hello, I am starting out with Peercoin and I want to know the most effective way I can mine Peercoin while not spending more than ~$100. For example, would it be a smarter idea for me to buy a USB block eruptor (like those used for bitcoin), a GPU, or a CPU (new or used). Power costs aren't too much of an issue in my case and the most profitable choice would be preferred.

Please stick with me here because I am new to Peercoin. Thanks for your help! Thanks for all the responses! I will be using some kind of ASIC to do my mining because that currently looks like the best solution. Thanks again for all your time and help!

Hello and welcome to Peercoin:) Peerocin mining is a POW SHA256 process so yes you would want any BTC mining device to mine Peercoins. The USB block eruptors, KNC miner, etc any ASIC device, the power costs of running a GPU or CPU for mining will just not be profitable. You say you have about $100 to inverst. Are you dead set on mining? Have you cheap / free electricity and is that why you are wanting to mine?

Dec 4, 2013 - Or you could simply buy some Peercoins in an exchange and leave your client on and connected all the time: the way PPC works, you'll get a small interest on your coins over time (circa 1% annually). Or you can simply buy them, and after 90+ days (or even 1 year) start up your client and leave it connected. Peercoin, also known as PPCoin or PPC. These hashes and creating blocks is called 'mining. Energy to run the client software on a computer. How can I mine PeerCoin? The way PPC works. Ubuntu Server vs Desktop for mining PC. Mining with a geforce 315. Hot Network Questions. Compared to the spaghetti state of the latest stratum-mining python server, this software should also have a lower barrier to entry for other developers to fork and add. SHA256 (Bitcoin, Freicoin, Peercoin/PPCoin, Terracoin, etc. Some miner apps will consider the pool dead/offline if it doesn't receive anything new jobs. What is Peercoin? Introduced in August 2012, Peercoin (PPC). And this risk has seemed very real in the past when certain BTC mining pools did.

I ask this as with Peercoin there is the option of buying Peercoins and Minting Peercoins. You can mint on very little hardware, see the peerbox project and with rising difficulty or hardware hard to get hold of that will be cost effective on mining then buying and minting 1% per year may be a better investment option. If you do decide to mine PPC here are some of the pools you can mine at, looks at their stats and what hashrate the users are mining with and their daily ppc rewards • • • for example taken from coinotron just now 7.112TH gets 48.02 PPC per day, 1.430TH gets 9.66 PPC per day With a raspberry Pi you can run a node for 1.3Watts and combine that with the findstakeJS project you can predict when you should turn on your minting device to mint a block if you dont want to leave the device on all the time but want to mint and get your 1% per year reward.

Hope this helps and feel free to ask any questions Fuzzybear • • • •. Yeh it is great to have a hands on feel for mining and its a great project to have on the side and leave running. Yes I would say start with something small. Fastest Ethereum ETH Miner more. Test with a $10 USB eruptor or something as you will see that mining 24 7 requires a cool, clean child free area and you will learn a lot on setup, once you happy then invest in a larger ASIC. It may be of interest to you that I have been putting data (and a chart eventually) showing which pool has found blocks in the last 600 POW blocks. Fuzzybear • • • • •. If you are dead set on mining, the decision is easier than you may think.

Just hit eBay and get the fastest Bitcoin miner that will fit within your budget. Two things to consider: does the miner come with a power supply and does it have a built in controller. I mine just as a hobby, I have a Rockminer 35GHs hooked up to my Raspberry Pi which is a dedicated full Peercoin node. I get about 5 PPC a month.

I calculated how much I would have been willing to invest in a miner, figured out how much PPC I would have generated and I buy that amount of peercoin outright. If I were to buy a miner, and already had a suitable computer power supply, I would get an Antminer S3. You can find them on eBay at around $120, sometimes they have the power supply included.

They mine at around 440Gh/s which means about 90-100 peercoin a month. Minimum MonaCoin MONA Buy. In fact I'm still considering doing this myself. Here's an example • • • •.

Yes, CGMiner dropped GPU mining support from version 3.8 upwards - you need to get 3.7.0 which still has it and still works like a charm (at least on Windows and Linux). Be careful to check at a profitability calculator if it's worth it - given too many people with ASICs have diverted them for other SHA256-powered coins, you might not cover your costs. Or you could simply buy some Peercoins in an exchange and leave your client on and connected all the time:, you'll get a small interest on your coins over time (circa 1% annually). Or you can simply buy them, and after 90+ days (or even 1 year) start up your client and leave it connected for some hours - you'd still earn some riskless interest, but less than if you'd left the client on the whole time, as discussed in-depth in the answers to.