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Message
re: Installed my first bitcoin miner...
Posted on 2/28/13 at 1:04 pm to Meauxjeaux
Posted on 2/28/13 at 1:04 pm to Meauxjeaux
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....
0
Posted on 2/28/13 at 2:10 pm to LSURussian
quote:
Posted on 3/8/13 at 10:11 am to NC_Tigah
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!
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!
Posted on 3/8/13 at 11:29 am to Meauxjeaux
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?
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?
Posted on 3/8/13 at 11:31 am to TigerFanatic99
You would be willing to go through all of that trouble to mine one bitcoin a month?
This post was edited on 3/8/13 at 11:32 am
Posted on 3/8/13 at 11:37 am to TheOcean
hey, if i can get 1 bitcoin a month and exchange it for enough to pay my internet bill, why wouldn't I?
Posted on 3/8/13 at 11:39 am to TigerFanatic99
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 3/8/13 at 11:41 am
Posted on 3/8/13 at 11:40 am to TigerFanatic99
quote:
why wouldn't I?
Why wouldn't everyone? For that reason alone, I assume it to not be possible.
Posted on 3/8/13 at 11:43 am to TigerFanatic99
quote:Depends on the actual video card. Processor and RAM really don't matter much.
7 out of 10 kind of video card.
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.
Posted on 3/8/13 at 11:44 am to baytiger
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
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
Posted on 3/8/13 at 11:55 am to TigerFanatic99
quote:it'll make your video card work harder so there's going to be additional power draw from the chip and its cooling.
my comp runs 24/7 as it is for other reasons. is running this programs going to somehow use more electricity.
Posted on 3/8/13 at 11:55 am to TigerFanatic99
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
Posted on 3/8/13 at 11:59 am to WikiTiger
what is an ASIC? cost? is it something I add to my comp, or is it a stand alone comp?
Posted on 3/8/13 at 12:05 pm to TigerFanatic99
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 3/8/13 at 12:06 pm
Posted on 3/8/13 at 12:09 pm to TigerFanatic99
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 3/8/13 at 12:10 pm
Posted on 3/8/13 at 2:32 pm to Meauxjeaux
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.
Posted on 3/8/13 at 2:35 pm to TheOcean
quote:i dont get the logic either. bitcoin has really become more of a gambling related technology hobby more than a legitimate currency investment.
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?
Posted on 3/8/13 at 2:35 pm to WikiTiger
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)
Posted on 3/8/13 at 4:49 pm to WikiTiger
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
Posted on 3/8/13 at 5:59 pm to Vols&Shaft83
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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