Is STEEM Worth Mining?

in #steem8 years ago


(this image is not owned by me, I found it on google images for the purpose of this post)

Yesterday while smoking a J I wondered, is STEEM worth mining?

With my phone and the internet I found if you mine it goes into your steemit account as Steem Power which is interesting. I also found STEEM isn't on coinwarz.com so I couldn't check the mining difficulty.

I rang my mate who introduced me to coinwarz to see if they knew about alternative websites that might have the coin listed. However once we'd had a little chat I found that they didn't and to which they asked why? I explained my situation and in the end it was concluded I would have to setup mining on a machine to see what HPS I get and then calculate a better machine spec based off my findings.

So this morning I've got things going... just about.

I've install the windows miner and got it running/syncing with blockchain.

While it sycned up I found a downloadable blockchain and went back to setup using the blockchain info I had downloaded. I must say it seemed to not be doing anything so I scrapped using that and went back to the original setup, which I know is syncing something.

But I'm not convinced it is going well with this amount of red

It is saying it was trying to push a block that is too old so maybe it is fine.

As long as it syncs correctly and starts mining okay all will be well.
I'm looking forward to getting extra Steem Power by mining, just so you know its the STEEM I want and not the Power but one leads to the other so there we are.

There are a few very useful sources going about to guide you through set up:

https://steem.io/documentation/how-to-mine/ (looks like it is for a linux set up)

windows:
https://steemit.com/steemit/@cryptos/getting-started-mining-steem-on-windows
https://steemit.com/steem/@tuck-fheman/how-to-mine-steem-in-windows
http://cryptomining-blog.com/8168-a-quick-guide-on-how-to-mine-steem-on-windows/

These windows links are pretty much Identical articles, age may matter, one has less seed links. I read all of these during setup but you could use this one(https://steemit.com/steemit/@cryptos/getting-started-mining-steem-on-windows) and get started no problem.

Yesterday I was getting and IDE for working C/C++/C# and ended up with one that used to do all but now only has C#. I went and install Visual Studio and well it does C++/C# and that'll do I guess.

Later

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FYI, not sure if you saw it, but a patch was published yesterday for the CPU miner:
https://steemit.com/steem/@picokernel/we-may-have-just-fixed-a-critical-bug-in-steem

Of note, the mining queues have been dominated for a number of weeks by one or two users who are probably using unpublished gpu code. Yesterday's patch might change that a little, but the GPU miners still have a big advantage. Also, I hope you're aware that converting steem power to steem (powering down) happens in 104 weekly withdrawals, so once you have steem power, you are not going to be able to convert quickly from steem power to steem.

Thanks for the link

since I downloaded today hopefully the patch has been implamented on the version I downloaded. If not it is fine, I am testing on my laptop which is only CPU however I intend on seeing how my tower does in a few weeks once I have moved into the new house.

I had read about the 104 week withdrawal on steem power I need to do a bit more of a read up but that is fine

Thanks for sharing I might look into it more with a better pc.

I'm on my laptop trying it out, currently haven't finished syncing with the blockchain.

In one of the guides someone is using an AMD A10 mining with 2 cores and I'm sure thats what I have.

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