Bitcoin Forum

Now that the tempertures have started to dip my mining operations are paying off. My Radeon 5870 puts out a nice flow of hot air that keeps my home office nice and comfortable. While the rest of the house is in the 60's, my computer room stays perfectly comfortable in the low to mid 70's!  ;D 

If I was not mining I'd have to run a small room heater. Instead it is like getting free electricy to mine using the computer to warm the room. Getting a coin about every 5-6 days to stay wam. LOL

In the summer I don't think I will mine. With crazy electricity costs here, I'm now barely making more than the cost of electricity. If I have to run an A/C to cool the room in the summer it would not pay off to keep mining. (Unless Butterflake Labs finally ships my super duper vaporware per-order mining CPU.)

Any ideas what I should buy at the end of winter with my coin collection?

Interesting, perhaps someday, "Cold" will be considered a natural resource.  As such the most profitable bitcoin mining rigs will be installed in locations that have both cheap electricity and lots of access to naturally occurring cold.

A coin every 5-6 days?  That's a monster of a 5870!  Even at 400 MH/s, you should be getting less than 2 coins a month.  To maintain 5-6 coins a month, you'd need around 1,200 MH/s.

While Bitcoins interest me, I'm not quite ready to relocate to Yakutia in Siberia!

http://www.youtube.com/watch?v=rZjfScL_wRE

I may have miscalculated as I just recently started to let it run all the time. But when I looked 24 hours after getting the last coin I had accumulated almost 0.2 Bitcoins. So I extrapulated about 6 days to get the next one. Can you get lucky and get paid faster at times? I noticed sometimes the round only lasts a few minutes and I get paid the same amount as when a round lasts 4 hours.

Yes, luck absolutely plays a role in it, so if you're basing calculations off of coins received, it makes sense why it was off significantly.

I use this calculator often: http://www.alloscomp.com/bitcoin/calculator

One of the rounds payed out 0.0064 BTC in 8 minutes. That comes out to 1.15 coins per day if that kept happening. Maybe someone can come up with software that analyzes the time each round takes at the various mining pools and then calculates which pool should have the next shorest round and plug you into that pool for the round.  ;D  Then again, if Butterflake Labs ever ships my CPU I don't really have to be that concerned about heat and electricity cost for a while. 

That's like trying to guess which of a variety of coin-flippers will flip the next heads.  It could be any of them.

I wish I had the opportunity, I can only cpu mine which isn't efficient at all anymore so I don't even try.

I started CPU mining at first just to learn how this stuff works but it is totally inefficient and you lose money doing it. Then I bought a used Radeon 5870 for cheap and it makes some money. The problem now that I have a fast GPU is deciding during my spare time if I should play Battlefield 3 at full high resolution or let the PC mine coins! LOL.

If only BFL would ship me one... I'm only giving it a 50/50 chance I will ever see my ASIC or my money back.

I have nowhere near enough money for an AISC

I have the same problem :D

I say let the PCs mine coins until the ASICs come out, then play lots of Battlefield 3

You should really move to Iceland if you are serious. Flat rate electricity for heating (read mining), and they threw bank managers in jail for society damaging bank management.
There was a month long peaceful rally in front of the parliament until trials was promised. The government also refused to back foreign loans used to finance US sub prime speculation.

For comparison, my own country paid 5 years worth of trade surplus in bank subsidies as our country's largest bank threatened to default. Iceland didn't, their government serve the people not the banks.

the markets punished them for a while,  but now seems to have forgotten, people really suffered the first 2 years. Iceland is attracting a lot of business especially Aluminium refineries and server farms now and their economy is recouping a lot faster than the rest of Europe which still is at a standstill.

N.B.
And for those Americans who think that Europe is dragging down your economy (once in a while mentioned on CNN as a reason that the US has a harder time getting  back on track):

The Sub prime bubble was brokered by American investment banks to a lot of European pension funds, and governments. It's not your fault that our advisors or politicians are stupid, but please Don't insult us by blaming us for the consequences of your own banks successful attempt at scamming Europe.

Anyone from Iceland on this forum? Maybe they don't need Bitcoin as they have uncorrupted banks and leaders.

I woke up in the morning thinking I left the heater on all night but it was just my computer lol

Iceland and Finland apparently have the highest per-capita Bitcoin penetration on earth, so far. They may be smart cookies in those parts. :)

bitcointip Luno +BTC0,02

Never thought of it as a winter heater, now if you could only reverse it in the summer, creating a heat exchager, then you'll be doing real good. The technology is there!

When i go to sleep, my rig in my room makes it too hot to stay asleep all night -_-

Is having a mining rig is equivalent in terms of heat produced/watthour used as an electric heater? I am thinking of replacing my old space heater :)