Hey guys
Thinking about getting into mining with USB Bitcoin miners. Do you think it’s a good option for someone just starting out?
I’m looking to use six of these USB miners but I’m kinda lost on how to get going.
If anyone has experience with this, I’d love to hear any tips or advice you might have!
USB mining was a dumb concept to start with, because you need a lot of power to mine at least decently. Maybe back then USB mining was slightly viable, but now your only option is to mine with ASICs.
Where have you heard or read about this USB bitcoin miner? For you to mine Bitcoin, you need an ASIC miner and that's not as little as an USB.
I do believe that you've watched a video like this: --> https://www.youtube.com/watch?v=_aEMh4esWBU&t=108s "Solo Mining Bitcoin with AntMiner USB Stick on Raspberry Pi"
At the end of that video it says that it's a lotto mining and mostly a gamble. And that USB is even going to be hotter that you barely touch it based on what the guy said on that video.
If you haven't bought any of those USB miners then I suggest you just use that money, buy Bitcoin and keep it in some secure hardware wallet. HODL till maybe bull run and sell. You will be way better off. But if you are willing to mining whilst expecting no rewards at all, then give it a go.
Read through this threads, you might get some helpful info
1. https://bitcointalk.org/index.php?topic=5340726
2. https://bitcointalk.org/index.php?topic=5337008
Bitcoin mining history
Long time, years ago, you could mine bitcoins with CPUs and mining it with USB is something I never heard about but if it is possible, it would be around the times for CPU mining. Later, when Bitcoin mining comes to GPUs or FGPAs, ASICs, you can not return to mine bitcoin with CPUs or USBs. Because difficulty on the network is very high and even solo mining with an ASIC is impossible to find any block. Chance is nearly 0% with solo mining nowadays.
Right here, on this forum maybe?
https://bitcointalk.org/index.php?topic=5355470.0
Why not? If the USB miner is using bitmain S9 or s19 chips, what's stopping you from mining?
You need to differentiate between a CPU or GPU which are standalone units and USB which is a standard for connectivity.
Mate, you can't even be profitable with a decent gaming computer with a high end graphics card mining Bitcoin, how do you think USB mining will end up?
This idea is complete trash and I am not sure if it ever worked. It should stay archived and not shared with people as it is complete dumb in my honest opinion.
Maybe try searching ASIC Miner and get those if you really want to do Bitcoin mining.
It's fun to buy one and use for practice, you know, setting up pools and see the whole thing in action, you should know that even if you see a USB miner today it's going to be very cheap, that's because they are not profitable anymore.
I can still see loads of this miners on aliexpress website till date, good for practice and other things, it's a shame that no new PoW coins what to run on the sha256 algorithm anymore, if not, USB miners will still be a thing today, not for Bitcoin though but other new altcoins.
Forget about these USB miners and try getting an asic miner that's specifically for mining Bitcoin and make sure you have affordable electricity in your city.
Although I hate the way to earn Bitcoin through faucet, but I must say claiming faucet is better than mine Bitcoin using USB.
You're not earn anything mine Bitcoin using USB, while you're still need to pay electric cost and it will damage your hardware because it's need to be run all the time except you stop it. USB and ASICs miner is different, I think even you want to get an experience in mining, you need to buy ASICs miner, you can try the cheap one.
I think you mean mining devices such as Bitcoin USB-Stick Miner bitshopper GekkoScience Compac F 200 up to 350 GH/s
The price is approximately $335, and you get 350GH/s in ideal conditions.
If we compare it to the Bitmain Antminer S19 Pro 110TH - SHA-256 - Bitcoin Miner, its price is about $2,499. In ideal conditions, you get the 110TH.
110TH is 110,000 GH/s and by dividing both sides by 350 we get 314 while the price difference is about 7 times ($2,499/$335.)
What I am trying to say here is that instead of buying 6 Bitcoin USB-Stick Miners, you can buy one Bitmain Antminer S19 Pro and you will get a return equal to buying about 300 Bitcoin USB-Stick Miners.
All the above assumptions are in ideal conditions and for the purpose of comparison only, and no other things have been calculated and I don't know if there is any altcoin can be mined at a profit using 350GH/s.
As many others before, do you realize that the said USB miner is using ASIC chips, the same as on an S9?
That tiny USB miner everyone laughs about is way better than the first ASIC Bitmain launched and can still compete in terms of raw hashrate with their second model , the S3, which does 440GH/s while the Compac F usb miner gets 300+.
I don't understand why people are fixated that much on the USB thing.
If you slap a modern ASIC chip on an usb miner it will have the same characteristics as an ASIC, the only limitation is that you can barely fit one while with a 3000w miner you get 3 boards full of chips.
If he's looking for profit, buy the s19, but be careful if you can run it at all in your house;
If he's looking to experiment with a miner for fun and not thinking of money buy a used old miner from two or three generations ago.
If he's just looking for a novelty item and a fun quiet thing with no money involved, yeah, the USB miner might be a thing.
How did you say it's a complete trash and dump? As he said he is a newbie that needs some guidance and knowledge which is why he ask.
Comparing the hashrate speed between GPU and USB miner the USB miner is much faster than the GPU because the USB miner uses ASIC chips like Compac F and other USB miners newpac/2pac.
If you don't have much knowledge about USB miners then I'll give you a list of them below.
- GekkoScience NewPac / Terminus R606 (BM1387) Official Support Thread
- GekkoScience 2Pac/Compac BM1384 Stickminer Official Support Thread
And don't forget all people who always ask for a question are those who become most successful.
I see some Memecoin can be mined with ~350GH/s but I don't know if this altcoins worth to buy a miner for $335.
Therefore, even if this thing is possible, I think it is better to spend this money to buy those memcoins directly.
Memecoin? God have mercy on your soul, it's better to buy Bitcoin with what you have, your money will be safe with Bitcoin instead of meme coin, you can wake up one day and find out that the meme coin is no more existing, maybe rug pulled.
Even if it's not a meme coin and it's PoW alt I still won't try it because Bitcoin is the best bet for every new crypto investors.
If you can't afford a Asic miner today it's not the end of the world yet, tomorrow is another day, maybe trying to buy Bitcoin now will open door to buying Asic miner someday, it's possible, think about doing this rather than some altcoins.
I was mining shitty coins on video cards that were paid off before. I lost on not mining the same ethereum instead, and these shitcoins are still in my wallet. You should not buy mining equipment to mine shitcoins.I don't understand these risks.
In this day and age, you can't mine Bitcoin properly if you don't use an Asic miner. Now about the Usb miner that you are talking about, I don't seem to hear or see anything that they are still getting good income there instead if that is what you did at this time, you will surely end up spending high electricity consumption there.
Therefore, that is no longer an effective way to earn bitcoin in mining at this time because the effective way now for you to mine Bitcoin is if you use Antminer S19 pro, and Bitmain Anminer or Canaan avalon.
This USB device has a very long payback period, and is more suitable for an original gift for those who have used these devices before. For 300 dollars it is better to mine bitcoin on a video card using Nicehash, mining other coins, and receiving payment in bitcoins.
You can buy a usb miner or 2 or 3 or 4 or 5 or 6. But they are very costly to buy.
The cheapest way to mine btc is buy a used bitmain L3+ point it to nicehash and have it pay you in BTC.
Or if you want to directly mine BTC use
https://bitcointalk.org/index.php?topic=5340015.0
Futurebit Apollo
Alas, those usb sticks do up go tera range of hashes, way more powerful than the best gaming computer out there.
I am sure the guy that solved a block last year using a usb stick with disagree with your statement.
You all need to understand that those USB sticks are actually ASICs, just using a lot less chips.
And someone won the lottery last year, and I've never won a big win. USB ASICs will definitely not be used by business miners.
2 cents profit per day on a USB asic for 299 euros as an example of the worst investment in mining.