Installed my first bitcoin miner... - Page 9 - TigerDroppings.com

Posted byMessage
lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30371 posts

re: Installed my first bitcoin miner...


quote:

Day 4, still seeding.

Gonna have to speed this stuff up if we want the masses getting on board.


Maybe you need to water those bitcoins if you expect them to grow....


quote:

And to all in this thread...

If my miner can ever get started and hits bitdirt, and then if anyone starts accepting these for beers, I'm buying us all a round of Sam Adams.


Won't hold my breath, but I'll be there if it happens....







Back to top
  Replies (0)
NC_Tigah
LSU Fan
Member since Sep 2003
51111 posts

re: Installed my first bitcoin miner...


quote:








Back to top
Meauxjeaux
Memphis Fan
I have 89,275 posts with my alters
Member since Jun 2005
16525 posts

re: Installed my first bitcoin miner...


UPDATE BUMP

Seeding completed two days ago!

But I'm not sure if the software is doing anything else. There is no progress bar or calculation timers or anything.

Will report more later!






Back to top
TigerFanatic99
LSU Fan
Elkhart, IN
Member since Jan 2007
2700 posts

re: Installed my first bitcoin miner...


Hey Wiki, serious question here.

What kind of rig would it require to mine 1 bitcoin per month? solo mining, not part of one of those co-ops

core i7
4 gigs ram
7 out of 10 kind of video card.

I'm not sure I believe in it as a currency yet, but if people are buying these bastards at $33 a pop, why not? play the game?

would that get 1 per month? year?






Back to top
TheOcean
Florida State Fan
Member since Aug 2004
30543 posts

re: Installed my first bitcoin miner...


You would be willing to go through all of that trouble to mine one bitcoin a month?




This post was edited on 3/8 at 11:32 am


Back to top
TigerFanatic99
LSU Fan
Elkhart, IN
Member since Jan 2007
2700 posts

re: Installed my first bitcoin miner...


hey, if i can get 1 bitcoin a month and exchange it for enough to pay my internet bill, why wouldn't I?





Back to top
TheOcean
Florida State Fan
Member since Aug 2004
30543 posts

re: Installed my first bitcoin miner...


So you would spend $20-$30 (a month) in running your computer daily just to make $40 and going through all of the hassle to learn about bitcoin?






This post was edited on 3/8 at 11:41 am


Back to top
Waffle House
Virginia Fan
NYC
Member since Aug 2008
2190 posts

re: Installed my first bitcoin miner...


quote:

why wouldn't I?


Why wouldn't everyone? For that reason alone, I assume it to not be possible.






Back to top
  Replies (0)
baytiger
LSU Fan
Houston
Member since Dec 2007
43226 posts

re: Installed my first bitcoin miner...


quote:


7 out of 10 kind of video card.

Depends on the actual video card. Processor and RAM really don't matter much.

And it's over 40 today. Insane. Wish I would have bought some in December when I tried to but couldn't get my funds to exchange properly.






Back to top
TigerFanatic99
LSU Fan
Elkhart, IN
Member since Jan 2007
2700 posts

re: Installed my first bitcoin miner...


my comp runs 24/7 as it is for other reasons. is running this programs going to somehow use more electricity.

don't get me wrong, I'm not sunshine pumping yet, just don't see why I shouldn't try to take advantage of the situation






Back to top
baytiger
LSU Fan
Houston
Member since Dec 2007
43226 posts

re: Installed my first bitcoin miner...


quote:

my comp runs 24/7 as it is for other reasons. is running this programs going to somehow use more electricity.
it'll make your video card work harder so there's going to be additional power draw from the chip and its cooling.






Back to top
  Replies (0)
WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...


quote:

core i7
4 gigs ram
7 out of 10 kind of video card.


you probably would never earn anything if you solo mined with that.

you should join a mining pool. even the big time miners typically join mining pools.

quote:

but if people are buying these bastards at $33 a pop, why not? play the game?



$44.22 right now

quote:

would that get 1 per month? year?


ASIC's are coming out and they are going to make all CPU and GPU mining obsolete







Back to top
TigerFanatic99
LSU Fan
Elkhart, IN
Member since Jan 2007
2700 posts

re: Installed my first bitcoin miner...


what is an ASIC? cost? is it something I add to my comp, or is it a stand alone comp?





Back to top
WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...


quote:

what is an ASIC? cost? is it something I add to my comp, or is it a stand alone comp?


I think a mid range ASIC from Butterfly Labs is around $650. (they aren't shipping yet)

You add it to your computer.




This post was edited on 3/8 at 12:06 pm


Back to top
WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...


quote:

ASIC


Application Specific Integrated Circuit

Basically, it's a chip that's specifically designed to mine bitcoins, thus it's way more efficient



This post was edited on 3/8 at 12:10 pm


Back to top
el duderino III
Texas Fan
austin
Member since Jul 2011
1517 posts

re: Installed my first bitcoin miner...


you really did this? Meauxjeaux, I am disappoint. if you wanted to get your hands on some bitcoins, it would have been considerably more cost effective to just monitor the price to wait on some bad news or a random selloff. The market is so absurdly volatile you would not have had to wait long. A lot of early adopters have huge stashes and sell them in chunks, and they can easily sell enough to manipulate the price on their own.





Back to top
  Replies (0)
el duderino III
Texas Fan
austin
Member since Jul 2011
1517 posts

re: Installed my first bitcoin miner...


quote:

So you would spend $20-$30 (a month) in running your computer daily just to make $40 and going through all of the hassle to learn about bitcoin?
i dont get the logic either. bitcoin has really become more of a gambling related technology hobby more than a legitimate currency investment.






Back to top
  Replies (0)
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80466 posts
 Online 

re: Installed my first bitcoin miner...


quote:

Basically, it's a chip that's specifically designed to mine bitcoins,


quote:

I think a mid range ASIC from Butterfly Labs is around $650.


You add it to your computer.


quote:

(they aren't shipping yet)






Back to top
  Replies (0)
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12442 posts
 Online 

re: Installed my first bitcoin miner...


quote:

Basically, it's a chip that's specifically designed to mine bitcoins, thus it's way more efficient




I've got to hand it to the bitcoin creator/creators, they have convinced you to not only drink the koolaid, but also to mainline it by buying chips at $650/Pop.

I couldn't have come up with this, probably because I have a soul






Back to top
WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Installed my first bitcoin miner...


quote:

I've got to hand it to the bitcoin creator/creators, they have convinced you to not only drink the koolaid, but also to mainline it by buying chips at $650/Pop.




I don't mine and I haven't bought an ASIC. Did you have a point?






Back to top


Back to top