Bitcoin Forum

so im new to bit coin mining
if i understand correct a computer can generate cash out of thin air? just by compiling code and doing calculations?
and how can turn i turn bitcoins into euro's ?
can some one tell me if these settings are correct?
and what is this *Your bitcoin address for receiving rewards:*
how do i know what my bitcoin adress is ???

http://anonymouse.org/cgi-bin/anon-www.cgi/http://img819.imageshack.us/img819/2157/bitcoin.jpg

system specs
Intel Xeon E5520 x2 (16 threasds)
24gb ram ddr3 1033mhz
3gb ramdisk
2x 500gb HDD 7500
HD5970

my system is mainly used for rendering and compiling code, subversion server
and gaming becus im a game designer

what do you mean by boat on mining?

You need a bitcoin client and that will tell you your bitcoin address.

ok and what is khash/s exactly?
is it like Gflops? tflops ?

Dude, forget about it. No offence but you obviously haven't got a single clue what Bitcoin is all about.

Seriously, starting off like this, you will certainly waste more time and money than you will ever make (if any) with mining.

Hello Intelxeon, if you still insist on mining with your hardware at this point, there's a good guide on the thread

Helpful Articles for Newcomers (Please read before asking for support.) https://bitcointalk.org/index.php?topic=15918.0 (https://bitcointalk.org/index.php?topic=15918.0)
Beginner's guide to Bitcoin and mining.
3. How To Get Started With Mining
   How to get started using your gpu to mine for bitcoins on windows
4. Miners
   python OpenCL bitcoin miner
   GUI mining - now with BFI_INT optimization
5. Mining Pools

that would be enough to get you started.

i am here to learn
and my current system is made for Rendering not for mining!

Hi,

Not to be rude, here we are always happy to answer all the questions, but since they are taking the trouble to try to help, I hope that at least you've visited any of these sites (all better), this is a forum not a classroom:

http://www.weusecoins.com/
http://bitcoin.org/
https://en.bitcoin.it/wiki/Bitcoin

Edit:and this forum, here is all the information you need

thx but can you explain me what khash/s exactly is ?

Well, here's my take at it: for some reason people seem to think that this mining business is all that Bitcoin is about, or "the major thing" of Bitcoin. It's not. Bitcoin is a new currency or "digital money", a revolutionary piece of technology, an idea than can (and hopefully will) create a breakthrough in global finance and our monetary systems. And this mining stuff is essentially just an implementation detail. Not necessary to use Bitcoin at all. I simply buy my bitcoins at exchanges, rather than mining them (cause it's cheaper, easier, and faster).

Yes, you could have earned a lot of cash if you started earlier, but nowadays (especially if you're in the euro zone) you will most likely lose money by mining, because the required resources (electricity and hardware) will cost more than the actual coins you'll mine.

The idea of "generating money out of thin air, just by doing calculations" is really not the right way to think about this.

For one, the more people that are mining, and the more hardware power they add to the network, the more calculations you'd have to do to earn one bitcoin. See, bitcoins are mined at a constant rate worldwide, no matter how many people are mining. So more people mining = less bitcoins mined per person. And there are TONS of people mining nowadays, with crazy ass hardware.

On top of that, the mining reward (the number of bitcoins that are mined every 10 minutes) is about to be halved in a few days from now.

But also without the mining aspect, Bitcoin is a very exciting upcoming technology, and there's more than enough to discover. Welcome to the world of Bitcoin :)

The amount of hashes you can calculate per second. A technical detail related to the mining process.

By the way, if your mining rate is expressed in k(ilo)hash/s rather than m(ega)hash/s, you will pretty sure mine exactly ZERO bitcoins over the next year.

It's not about the processing power of your system, it's about the performance of your system compared to the rest of the world. And the rest of the world has some insane dedicated mining hardware running 24/7.

Again, if you want bitcoins, you're most likely better off by just buying them at an exchange. Better off as in: cheaper, faster, easier.

If you wanna mining, see this:

http://www.butterflylabs.com/products/ > BitForce 'SC' Pre Orders
https://www.bitcoinasic.net/
http://avalon-asic.com/

It's the future! ;)

If your interested in mining with payments in actual currency, you might want to try mining at https://eclipsemc.com/ .  This site makes payments to Dwolla from Bitcoins that you have mined, which in turn you can transfer out to your bank account.  Very simple site to use. 

that Jalapeno looks intresting
it out performs a gpu by easly, thats correct? low power consumption

these thing they need to connected to a pc correct? usb?

how com my miner cant connect?