Mine Bitcoins w/ Switch?

[PuNKeMoN]

I don't know much about generating cryptocurrency but I do know that people mine them the way gamers farm for coins in RPGs. I also know it is a passive income, ie money that you don't work to attain.

So I was thinking, I leave my switch on but in sleep mode basically 24/7 so is there even a way to mine BC with a Switch? Had anyone else thought of this idea?

I'm interested in the possibilities and look forward to a knowledgeable user's input.

 

[tunip3]

I don't know much about generating cryptocurrency but I do know that people mine them the way gamers farm for coins in RPGs. I also know it is a passive income, ie money that you don't work to attain.

So I was thinking, I leave my switch on but in sleep mode basically 24/7 so is there even a way to mine BC with a Switch? Had anyone else thought of this idea?

I'm interested in the possibilities and look forward to a knowledgeable user's input.

Not yet

 

[CaptainLoozer]

I think I could mine bitcoin faster with a hampster wheel. Do some research on hardware requirements for any decent mining rig and you'll find out why no one would ever want to do this.

 

[PuNKeMoN]

No.

Great answer filled with such insight.

Really. One word. Wow. Your level of understanding must be outrageously offended by my post.
Thanks for taking the time.

 

[Ev1lbl0w]

I'm no expert either but if you want to mine bitcoins use a computer, not a console. Computers are generally more efficient, since consoles need homebrew to allow that kind of software to run. Also you'll just be wasting your console, reducing it's lifetime.

This is a cool video explaining what Bitcoin mining is. It's probably outdated to the present day, but you get the idea already bitcoin mining ain't easy.

 

[CaptainLoozer]

I'm no expert either but if you want to mine bitcoins use a computer, not a console. Computers are generally more efficient, since consoles need homebrew to allow that kind of software to run. Also you'll just be wasting your console, reducing it's lifetime.

This is a cool video explaining what Bitcoin mining is. It's probably outdated to the present day, but you get the idea already bitcoin mining ain't easy.

Basically this. Normal price of a switch is around 300 bucks. You'd kill your switch before you made that much money in bitcoin.

 

[baretbh]

I don't know much about generating cryptocurrency but I do know that people mine them the way gamers farm for coins in RPGs. I also know it is a passive income, ie money that you don't work to attain.

So I was thinking, I leave my switch on but in sleep mode basically 24/7 so is there even a way to mine BC with a Switch? Had anyone else thought of this idea?

I'm interested in the possibilities and look forward to a knowledgeable user's input.

Sounds like an extremely bad idea, even if it was possible, the gpu is terribly weak and would most likely just fry your system

 

[NightStorm1000]

Coin Miners can go die in a barnfire. They destroyed the GPU market.

 

[baretbh]

Coin Miners can go die in a barnfire. They destroyed the GPU market.

I wouldnt go that far, I dislike miners as well but no one needs to die

 

[ZShock]

Not sure you could mine any meaningful amount of BTC in your switch's lifetime, but even if you mined other cryptocurrencies, I don't think it'd be a good idea to lay that much stress into it.

 

[Nincompoopdo]

LOL using Nintendo Switch to mine Bitcoin? With the speed of a mobile gpu you can mine a dollar per day. You are better off playing Minecraft.

Edit: A thought just crossed my mind... $1 is the daily wages in India, so if you live there maybe this is a good idea.

 

[Paulsar99]

You're probably going to messed up or kill your switch before you can gain any significant amount of virtual currency from it. Consoles are made for gaming and not for mining.

 

[Duhasst0]

Coin Miners can go die in a barnfire. They destroyed the GPU market.

I hate miners too, altho I was one once. Always missing the big payout needing the money right away. I do agree they destroyed the market, I happened to find my gpu on Craigslist for a decent price before btc hit anything great. Sucks that you could get a gpu for $110 is now what $200 plus?

OP you don't want to do that with your switch amyway. If you do make any money it's not gonna be much and you will probably warp that switch before you do.

 

[lisreal2401]

A 13 year old PC rig would be better. Anything other than a fucking mobile Tegra X1...

 

[VitaType]

Basically this. Normal price of a switch is around 300 bucks. You'd kill your switch before you made that much money in bitcoin.

If he had to pay the electricity bill he even would loose alot of money instead of gaining any using this hardware (yes, mining Bitcoins became insanely demanding).

 

[arianadark]

you would have such a high electric bill https://www.thebalance.com/how-much-power-does-the-bitcoin-network-use-391280

 

[linuxares]

If you want a Switch as hot as a nuclear reactor, mining on it is a TERRIBLE idea in every single way. It's not strong enough or cold enough to be able to handle bitcoin mining.

 

[Wiiunator]

I don't know much about generating cryptocurrency but I do know that people mine them the way gamers farm for coins in RPGs. I also know it is a passive income, ie money that you don't work to attain.

So I was thinking, I leave my switch on but in sleep mode basically 24/7 so is there even a way to mine BC with a Switch? Had anyone else thought of this idea?

I'm interested in the possibilities and look forward to a knowledgeable user's input.

It would cost you more money in electricity to mine bitcoin with a switch than it will make you and it will seriously damage your GPU with the heat generated... Only ASIC miners (do a google search) are some what profitable for bitcoin if you pay close to nothing for electricity. Just as a point of reference mining ethereum (which is one the most most profitable minable crypto with GPU) with a 1070 overclocked running 24/7 will make you under $40/ month and that’s not counting the cost of electricity. Actually just checked with an online mining calculator right now you will make $300 profit a year with a 1070 running at 100% for 365 days... with a switch based on it GPU specs it will cost at least $150 a year to mine ether...( no profit, that’s a lose) and will likely fry your switch way before that...

 

[BlastedGuy9905]

Coin Miners can go die in a barnfire. They destroyed the GPU market.

First thing I saw when I searched on an unpopular selling website when I searched for "GTX 1060" were mining rigs. I was fucking mad. You can't even buy GPUs cheap SECOND-HAND! They sell them like they are new!

 

[Quantumcat]

The cost of electricity would far outweigh anything you made in bitcoin. You need to have solar power or some other free source of electricity if you want to make any money in crypto mining.