Entry-Level Bitcoin Mining Gear for Mac, Windows, and Linux [Update]

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Antminer U2


Behold the Antminer U2. It's literally a Bitcoin miner on a stick, a USB stick. This device hashes at 2 GH/s (giga-hashes per second), and it uses just 2 watts of power. They can be overclocked to 2.4 GH/s, too. As of this writing, they're just US$23 new from JonesGear (use coupon "MacObserver" for 5 percent off). If you want to dip your toes into Bitcoin mining just to see what it's all about, this is the device for you.

Antminer U2

Antminer U2

You can run them with CGminer and BFGminer on Windows and Linux. Mac users can use the command line version of either software, or MacMiner from Fabulous Panda, which puts puts a GUI on the command line apps. There's another GUI app called Asteroid you can use, too.

I love MacMiner.

The U2 has a fat heat sink on it, as shown in the picture, which means for most USB hubs, you'll only be able to use every other port. That would be an issue if you were planning on getting a lot of them, but I'm here to tell you not to get a lot of them.

At $11.50 per GH/s, they're expensive. Like I said, they're great for dipping your toes, but for a little more money, you can get a really cool device called the ASICminer Cube.

JonesGear also has the YellowJacket 2.2-3.0 GH/s USB ASIC Miner based on the Nanofury chip (a Bitfury chip, to be specific. I haven't tested this device, but it runs at 2.2 GH/s without overclocking, and JonesGear has it for $19. Use coupon "MacObserver" for 5 percent off.

Next: The ASICminer Cube

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Q. How is a cryptocurrency different from a Ponzi scheme?
A. It’s wrapped in a shiny layer of high tech delusion.

I invent a crypto currency out of nothing and convince people to invest. Early adopters, especially me, get the low hanging fruit. Anybody buying in later on struggles to earn the remaining coins with ever increasing difficulty.

And they ultimately represent nothing but CPU cycles. You can argue over the value of the US dollar, or Apple shares, but they represent an entity that has assets and economic activity. Even over priced tulip bulbs can be planted after the bubble bursts.

Solustech XxoxX

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This seems like a truer option too me for [explicative delete]itcoin:



Or just use this for your money:



I could not agree more. Bitcoins are not in fact a currency. They are a commodity that people are buying and selling at an agreed upon price. Currencies have something backing them up, even if it’s just the Bank of England, the Federal Reserve, or the Full Faith and Credit of the United States. Bitcoins have nothing behind them. They are only worth what the people wanting them are willing to pay. Sooner or later (I suspect sooner given all the recent problems Bitcoin companies have had) there will be a run on Bitcoins. Someone will try to cash out, this will spook others who will try to cash out. Soon, I suspect within a few minutes to hours, the combines weight of so many people trying to sell their Bitcoins will drive the value to near zero. It’s a pyramid scheme and those left holding when the music stops will pay the price.

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