Reddit Reddit reviews Gridseed ASIC Miner for Litecoin and Bitcoin Mining

We found 7 Reddit comments about Gridseed ASIC Miner for Litecoin and Bitcoin Mining. Here are the top ones, ranked by their Reddit score.

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Gridseed ASIC Miner for Litecoin and Bitcoin Mining
gridseed, scrypt asic miner, bitcoin miner, low power mining.
Check price on Amazon

7 Reddit comments about Gridseed ASIC Miner for Litecoin and Bitcoin Mining:

u/Didi_Midi · 4 pointsr/reddCoin

Well...

I have roughly 760kH/s Scrypt myself (2 Gridseeds), for which i should be charged $15.20.

What 760kH/s (or 15 bucks and 20 cents) are:

  • 329.969 RDD at www.wesellredd.com @ 15% flat fee right off the bat.
  • 0.41 LTC / Month (2% Pool fee accounted for and assuming constant price and diff), or about 40.000 RDD / Month.
  • An actual SHA256 Scrypt dual miner from Amazon that roughly outputs - in Dual Mode - what you offer.

    What 760kH/s (or 15 bucks and 20 cents) are NOT:

  • Less than 20.000 RDD / Month (subject to change over time, i.e. go down).
  • No choice of pool.
  • The "hashing" could be done by bots for all i know.

    I love seeing services being built around RDD, but quite frankly, you seem to be charging a tad too much and misleading the customer because 15 bucks of your product will NEVER get you 325k+ RDD, maybe an order of magnitude less...

    ...then again i could be wrong.

    ----------------------

    Edited for clarification.
u/Utsubushi · 4 pointsr/dogemining

If you're in the USA, you can usually source those for less on Amazon.

A single 65w power supply with a 4-way adapter is more than enough to power four Gridseeds (at 8w each) safely in scrypt-only mode. You could probably power 6 to 8, but I like having space in the power envelope to work with.

u/evilgold · 1 pointr/dogecoin

It's wrong, because that is a bitcoin/SHA256 ASIC, which won't mine any doge at all. It will earn about $3 a day mining BTC.

If you want to mine dogecoin or any other scrypt based coin you'll need a Scrypt ASIC such as this one or this one

u/SoCo_cpp · 1 pointr/Bitcoin

This article seems to neglect that dual-miners have existed for a long time. They weren't great, but they aren't in any way infeasible. Most miners are familiar with the Gridseed ASIC Miner for Litecoin and Bitcoin Mining. They seem pretty quick to dismiss this product as a scam, without really providing any solid reasons.

u/__Cyber_Dildonics__ · 1 pointr/btc

Do you have a link?

I also found one:

http://www.amazon.com/Gridseed-Miner-Litecoin-Bitcoin-Mining/dp/B00J4XPKJU

I think ideally a proof of work would require a CPU, and it is possible to make a mining algorithm like that, however any algorithm different from bitcoin's means there is no overlap in the influence of a btc miner. I actually think the current bitcoin miners are smarter than they are being given credit for but decentralization of power/influence will be very positive for at least the next 5 years in my humble prediction.