Bitcoin Forum

Other => Beginners & Help => Topic started by: LuxeChains on May 20, 2013, 09:40:37 PM



Title: Mining @ 100 Mhash/s - how long to get chain of bit coins?
Post by: LuxeChains on May 20, 2013, 09:40:37 PM
Just curious.... how long would you figure it will take?

The bitcoin awarding, is it completely random, or based on a # of computations?


Title: Re: Mining @ 100 Mhash/s - how long to get chain of bit coins?
Post by: CryptoJunky on May 20, 2013, 09:41:31 PM
Are you pool mining or solo mining?


Title: Re: Mining @ 100 Mhash/s - how long to get chain of bit coins?
Post by: vlees on May 20, 2013, 09:48:40 PM
You can try this calculator to give you an estimate.

http://www.bitcoinx.com/profit/


Title: Re: Mining @ 100 Mhash/s - how long to get chain of bit coins?
Post by: LuxeChains on May 20, 2013, 10:12:21 PM
Are you pool mining or solo mining?

I would be solo mining I guess?


Title: Re: Mining @ 100 Mhash/s - how long to get chain of bit coins?
Post by: boobies on May 20, 2013, 10:20:53 PM
Are you pool mining or solo mining?

I would be solo mining I guess?

don't solo mine with that low of a hash rate, join a pool.


Title: Re: Mining @ 100 Mhash/s - how long to get chain of bit coins?
Post by: bearsworth on May 20, 2013, 10:23:00 PM
+1 at joining a group.


Title: Re: Mining @ 100 Mhash/s - how long to get chain of bit coins?
Post by: LuxeChains on May 20, 2013, 10:31:51 PM
You can try this calculator to give you an estimate.

http://www.bitcoinx.com/profit/

WOW - pretty cool....

So to get the default settings....  running 50,000 Mhash/s (is this the same as 50 Ghash/s?)
... you could buy this?
https://products.butterflylabs.com/homepage/50-gh-s-bitcoin-miner.html

And it would be $2500 and assuming 100W @ $0.15/kwhr it would generate $23235.83 USD in 3 months?

If that's the case, why doesn't everyone order one of these $2500 boxes????


Title: Re: Mining @ 100 Mhash/s - how long to get chain of bit coins?
Post by: boobies on May 20, 2013, 10:50:02 PM
You can try this calculator to give you an estimate.

http://www.bitcoinx.com/profit/

WOW - pretty cool....

So to get the default settings....  running 50,000 Mhash/s (is this the same as 50 Ghash/s?)
... you could buy this?
https://products.butterflylabs.com/homepage/50-gh-s-bitcoin-miner.html

And it would be $2500 and assuming 100W @ $0.15/kwhr it would generate $23235.83 USD in 3 months?

If that's the case, why doesn't everyone order one of these $2500 boxes????

because it's vaporware until they actually ship something to customers who have already ordered.


Title: Re: Mining @ 100 Mhash/s - how long to get chain of bit coins?
Post by: hl5460 on May 20, 2013, 11:01:33 PM
You can try this calculator to give you an estimate.

http://www.bitcoinx.com/profit/

WOW - pretty cool....

So to get the default settings....  running 50,000 Mhash/s (is this the same as 50 Ghash/s?)
... you could buy this?
https://products.butterflylabs.com/homepage/50-gh-s-bitcoin-miner.html

And it would be $2500 and assuming 100W @ $0.15/kwhr it would generate $23235.83 USD in 3 months?

If that's the case, why doesn't everyone order one of these $2500 boxes????

Actually, lots of these boxes have been ordered.


Title: Re: Mining @ 100 Mhash/s - how long to get chain of bit coins?
Post by: tuheeden on May 20, 2013, 11:21:58 PM
Yep - I ordered a 5 GHs box about a month ago and they said it would be another 30 to 60 days before it arrives.

By then I will need a 25 GHs box just to keep up...