Mine Bitcoins w/ Switch?

[I_doTinySoldering]

First, Bitcoin is resistant to GPU mining. I assume you're referencing some other cheaper currency that people use to buy drugs and hookers?

Second, using the GPU in the Switch to mine would be like digging the Panama Canal with a spoon.

Third, the one word answer should still be in the thread. It was accurate and appropriate.

 

[xaliax]

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.

Honestly, that was the best answer youve had so far. Just no.

 

[Risingdawn]

I feel so old whenever someone starts to talk about bit-coin.

I finally understand how my father felt when I tried to explain how to set the VHS timer to record match of the day.

 

[TheFatassOfKicka]

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.

It's the response you deserved, you know. You couldn't or wouldn't watch a two minute YouTube video for contexts sake, so that you'd know how bitcoin even worked before you asked the question. Instead, you expected a detailed explanation spoon-fed to you, one which you are not entitled to. And the cherry on top is how this question of yours doesn't even warrant a detailed explanation to begin with, because it takes the -bare minimum- understanding of how bitcoin mining works to know that you'd never want to use your Switch to mine btc.

It's been almost a decade since I posted on this website. Back in those days, choosing to hold the expectation that people would just take their time to carefully explain shit that you could easily learn yourself with very little effort was frowned upon here.

 

[PuNKeMoN]

It's the response you deserved, you know. You couldn't or wouldn't watch a two minute YouTube video for contexts sake, so that you'd know how bitcoin even worked before you asked the question. Instead, you expected a detailed explanation spoon-fed to you, one which you are not entitled to. And the cherry on top is how this question of yours doesn't even warrant a detailed explanation to begin with, because it takes the -bare minimum- understanding of how bitcoin mining works to know that you'd never want to use your Switch to mine btc.

It's been almost a decade since I posted on this website. Back in those days, choosing to hold the expectation that people would just take their time to carefully explain shit that you could easily learn yourself with very little effort was frowned upon here.

I can't watch a video while I'm at work. Somebody would know I'm not doing what I'm supposed to be doing. Sure, I could read about OTHER RIGS but my question was about the console discussed in this section of the forum, and there wasn't already a topic so I asked.
And what is wrong with asking for information on a topic you don't know or are interested in?

Am I entitled to a detailed answer? No. But a detailed answer is helpful. And the point of a community is to help each other.
Am I entitled to a condescending rant stating how someone decided to finally post after a decade just to be a dick? Again, no. But thanks for your excellent contribution.

 

[Deleted-442439]

Mining any crypto coin on Switch will not be profitable and even if it was the Switch is far to weak to get anything worthy of your time.

A underclocked TX1 would have worse performance than a cheap low end 1030, and even that is not going to give you much.

Mining requires a powerful energy effifient system, and when purchasing you need to think raw power / cost. In terms of that the Switch is a terrible deal.

If you want to get into crypto mining you need to invest in a dedicated mining rig or blow thoasands on a few 1080s, the profits are not what they used to be.

I would rather take that money and trade it on Binance tbh, the crash is just starting to recover so it is a good time to invest.

Have made a few hundred bucks from it, but only invest what you can loose.

 

[Red1Reaper]

Simply: Not, doing it you are going to wate electricity and switch life, even if you get something, the waster electricity doing it whould be greater.
If you want good bitcoins, you need a energy efficient dedicated system to do it

 

[evanm18]

Bitcoin specifically no but potentially mining other cryptos sure it could potentially be done most other cryptos dont require the same hardware requirements. having said that you are better off just mining those cryptos on a dedicated device it will be much more profitable using a device designed to handle that task. that being said it wouldnt be a bad idea for some malicious homebrewer to include some code that uses hundreds or thousands of switches to do the mining for the developer because even if the switch can only make chump change eventually with enough people unknowingly using your software chump change x 1000 = stacks on stacks of cash baby

 

[Deleted-442439]

Bitcoin specifically no but potentially mining other cryptos sure it could potentially be done most other cryptos dont require the same hardware requirements. having said that you are better off just mining those cryptos on a dedicated device it will be much more profitable using a device designed to handle that task. that being said it wouldnt be a bad idea for some malicious homebrewer to include some code that uses hundreds or thousands of switches to do the mining for the developer because even if the switch can only make chump change eventually with enough people unknowingly using your software chump change x 1000 = stacks on stacks of cash baby

Sure you could make a network of Switches, but the amount of people that would download the malicious app, and somehow have it running in the background without noticing battery drain and decreased performance would be close to none.

I would rather do that in a Homebrew tool (fusse launcher , tegrarcmsmash etc.) That would give you access to much more hardware and would be easy to hide.

 

[tivanh]

Not unless your going to write optimized drivers and patch the matching operating system to run on the switch.

For the price of a switch as a mining rig you'd get a dozen used ps3's. A system which today can be easily chained into 'supercomputer' status for algorithm computation.

 

[zeveroth]

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.

Absolutely no way in hell you are going to mine BTC with a switc. The equipment to mine bitcoin is extremely expensive .about 9 years ago, maybe, not today. Sorry buddy. You have a better chance of mining Bytecoin and possibly making a buck off it in a year.

 

[tivanh]

Look, at the end of the day. There is no money to be made from mining anymore.

Unless you've got unlimited free electricity and used penetration testing software to access unlimited free internet. Even then the statistics for hardware requirements to profit, before hardware failure are not good.

Bitcoin was so yesterday for profit.
Blockchain is great and will be used in secure ledgers worldwide, but will not be the next great fiat currency scam as bitcoin tried to be.

 

[GilgameshArcher]

I wouldn't go that far, I dislike miners as well but everyone needs to die

Fixed

 

[WiiUBricker]

Mining bitcoin with a Switch is like trying to swim a waterfall up. At the end of the day, you are exhausted and wonder why the distance between you and the waterfall has increased.

 

[Deleted-442439]

You are pathetically and demonstrably incorrect, and the people who liked your message are braindead sheep who don't understand the "GPU market" as you so retardedly put it. You people spreading this message are absolute mongoloids who can't afford a GPU Nvidia is price gouging and want to blame someone you can reach on social media or a forum like a crybaby piss-ant instead of the company withholding supply and price gouging. You and the people who liked your comment disgust me, people like you are the reason the mod scene is so shit these days. You all just retweet copy paste repeat whatever edgy comment you found on youtube to sound knowledgeable. No wonder this place is such cancer.

I agree with your point, but calm down lol

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and used penetration testing software to access unlimited free internet. .

Mining does not require much bandwidth at all and since when was there data caps on wifi lol

You can't just hack more speed it is limited by your local infrastructure. You can't turn a copper wire into a fiberoptic cable with hax. (Computers are not magic, and neither are hackers even the Reswitches wizards)

 

[tivanh]

I agree with your point, but calm down lol

--------------------- MERGED ---------------------------



Mining does not require much bandwidth at all and since when was there data caps on wifi lol

You can't just hack more speed it is limited by your local infrastructure. You can't turn a copper wire into a fiberoptic cable with hax.

What are you doing here?

Are we short on threads with people discussing piracy for you and your socks to attack.....

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I mean, educate.....

 

[Tekniquez]

You didnt even bother to research the hardware needed to be capable of mining and think the switch can. Short and simple its going to be a no it wont ever mine anything itll be dead before you get 1 coin.

 

[Deleted-442439]

What are you doing here?

Are we short on threads with people discussing piracy for you and your socks to attack.....

--------------------- MERGED ---------------------------

I mean, educate.....

My socks are in the washer, I can't attack pirates with bare feet...

 

[I_like_hacks]

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.

of course. if the switch can run linux you can mine bitcoins with it, but this is a bad idea.

let me explain the problem: basically mining is doing a lot of calculations. therefore your switch would not be in sleep mode during mining. you would run your switch at full speed causing a lot of heat which causes aging. would you chose to do the mining at like 50% performance to keep the heat down, your gains in bitcoin will go down too. as the mining performance will be bad overall, doing it only at 50% means you probably pay more for the power than you gain from bitcoins.

the system was just not made for it.

 

[ov3rkill]

I'd rather see someone mine on the Switch or make it capable to mine. I'm sure it'll be newsworthy. Most of us know it won't be efficient nor profitable but for the frontpage news, lols, memes, etc. It'll be worth it. I remember there was a Samsung Galaxy phone, I believe it was the S5, they made capable of mining bitcoins. Let them do what they want on their consoles, watch it burn, destroyed, bricked or whatever. I'm sure they'll be crying and come back to the forums and whine about it. Another newsworthy IMO.