re: Bitcoin Casinos Release 2012 Earnings

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How does one go about mining?

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I have been watching some Youtube videos about mining and it appears that it takes more than one computer to do enough volume to actually see any noticeable gain. I saw one guy had 24 computers which allowed him to run at 48Gh (Not sure what that means but speed of your setup determines how many bitcoins you mine). The 48Gh equates to 15.71 Bitcoins a day. (Roughly 3.05Gh per bitcoin) Earlier in the thread someone said that a bitcoin is worth $17 so that means this guy brings in about $267 a day. I am not sure what his expenses would be...... I assume just maintenance and electricity.

What I don't understand is if there is a predetermined amount of bitcoins mined (I think the ratio discussed earlier was 25 Bitcoins every 10 minutes and in 4 years that will split) how does the speed of the computer determine how many bitcoins you mine. Wouldn't that depend on your computers speed vs. the speed of other miners computers. Is it not essentially a race to solve a problem? Who ever solves the equation gets the bitcoin... Right? So the guy with the fastest computer should win every time.... I'm confused

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If I have a typical gaming PC build and I set it up to mine 24/7, what kind of B$ should I expect after a week or a month of dedicated mining?

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Depends on your video card, honestly.

ATI video cards are better miners than NVidia cards, especially from a price per MHash/s perspective.

I've had my gaming rig mining off and on for the past month or so and I've made about 5 bucks. Mine has a 560Ti in it and I estimate I've been mining about 30% of the time since I started.

With an ATI 7970 you can probably triple that output.

eta: if it hadn't been for the bitcoin run over the last month, I'd have closer to $3.50 or so in bitcoins.