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lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 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....



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NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
59237 posts
Online

re: Installed my first bitcoin miner...


Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
19170 posts
Online

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!


TigerFanatic99
LSU Fan
Granger, IN
Member since Jan 2007
4673 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?


TheOcean
Florida State Fan
Member since Aug 2004
32760 posts

re: Installed my first bitcoin miner...
You would be willing to go through all of that trouble to mine one bitcoin a month?

Image: http://stream1.gifsoup.com/view5/3012035/come-on-man-o.gif
This post was edited on 3/8 at 11:32 am


TigerFanatic99
LSU Fan
Granger, IN
Member since Jan 2007
4673 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?


TheOcean
Florida State Fan
Member since Aug 2004
32760 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?

Image: http://stream1.gifsoup.com/view5/3012035/come-on-man-o.gif


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


Waffle House
Virginia Fan
NYC
Member since Aug 2008
2550 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.


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baytiger
Valparaiso Fan
Boston
Member since Dec 2007
44842 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.


TigerFanatic99
LSU Fan
Granger, IN
Member since Jan 2007
4673 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


baytiger
Valparaiso Fan
Boston
Member since Dec 2007
44842 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.


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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



TigerFanatic99
LSU Fan
Granger, IN
Member since Jan 2007
4673 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?


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


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


el duderino III
LSU Fan
austin
Member since Jul 2011
1624 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.


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el duderino III
LSU Fan
austin
Member since Jul 2011
1624 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.


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LSURussian
LSU Fan
Member since Feb 2005
85180 posts

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)


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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27620 posts

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


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?


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