but I get no response from my computer. The terminal just hangs. According to my system monitor the computer seems to be continuing to mine but the terminal is not responsive. Any suggestions?
So I used followed you instructions and have some screenshots of the results.
dell e6510 laptop (have access to quite a few of these free of charge)
i7 620m 2.66GHz
2 cores
4 GB DDR3 SDRAM
Does it seem reasonable enough to be able to mine with and stay competitive? Or do I need to figure out another option? Just your opinion. I’m super new to mining and Linux so the fact that I have it working in the first place is amazing lol. Thanks for the help.
My wild guess is that there will be 5,000 CPU-equivalents during the first month after the initial ramp up. What you have here is about 1/4 of what I call a modern CPU equivalent. There will be 17,000 blocks issued in a month, and you have 1/20,0000 of what the network might be. So you have a decent chance of getting 1 block in the first month, a value of $50 for the 10 coins in the block if the coin has an incredibly fast rise to $5 a coin. In short, it may not pay for its electricity usage after two months. It would be better to go with zeropond or wait until the coins come out on exchanges. I could be wrong. It might be only 1,000 CPUs the first month and you could get 100 coins in two months worth $10 each in a year.
Well I am actually going to be mining on 15-20 of these identical machines. I am just running the testnet on one. I am actually going to clone this instance onto the other machines using some instruction I found for the Amazon EC2 mining setup. I think it should be a similar setup with actually machines rather than VMs and electricity is not an issue.