Title: I've mined for 24 hours. How many alpaca socks can I buy? Post by: niels on April 28, 2011, 06:04:42 AM it's 28 April 2011, mtgox is trading at ~1.75 usd/btc. I've been mining with a 3 GHz CPU for ~24 hours now. My client says it has 8 connections, 120606 blocks, and 1 transaction (my 0.05 from the faucet). How many alpaca socks can I buy?
Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: [Tycho] on April 28, 2011, 06:13:05 AM it's 28 April 2011, mtgox is trading at ~1.75 usd/btc. I've been mining with a 3 GHz CPU for ~24 hours now. My client says it has 8 connections, 120606 blocks, and 1 transaction (my 0.05 from the faucet). How many alpaca socks can I buy? CPU mining is worthless at this moment, you'll have to mine for some decades to generate a block.Most miners use powerful GPUs for this, that's many times faster. ATI 5970 does more than a 6 BTC per day at current difficulty level (in a pool). Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: kseistrup on April 28, 2011, 06:13:18 AM it's 28 April 2011, mtgox is trading at ~1.75 usd/btc. I've been mining with a 3 GHz CPU for ~24 hours now. My client says it has 8 connections, 120606 blocks, and 1 transaction (my 0.05 from the faucet). How many alpaca socks can I buy? If you're using your CPU to mint bitcoins, you're unlikely to get any bitcoins at all unless you join a mining pool (https://en.bitcoin.it/wiki/Pooled_mining). I have a CPU miner running on a machine that is otherwise mostly idle, and it's running at a slow The picture is different is you can use the GPU, but I guess someone else can tell you about it. Cheers, Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: grndzero on April 28, 2011, 06:14:02 AM You can buy 1/360th of Alpaca Socks.
Using your CPU to mine isn't going to get you very far. You really need to have a compatible video card from this list and probably join a pool. https://en.bitcoin.it/wiki/Mining_hardware_comparison Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: mjsbuddha on April 28, 2011, 06:17:40 AM obvious troll is obvious
Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: Jaime Frontero on April 28, 2011, 06:52:19 AM it's 28 April 2011, mtgox is trading at ~1.75 usd/btc. I've been mining with a 3 GHz CPU for ~24 hours now. My client says it has 8 connections, 120606 blocks, and 1 transaction (my 0.05 from the faucet). How many alpaca socks can I buy? save your 0.05BTC for twenty years and you'll be able to buy a small alpaca factory. with several guys named Al, to do your packing... Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: niels on April 28, 2011, 07:18:23 AM Ok, thanks. Those are really helpful answers for a noob.
So, neglecting the cost of hardware, what is the current cost, in joules, of digging a coin out of the cryptographic ground? I assume the answer will be a range of values; I'm interested in the variables. Also, how do you guys measure your energy consumption? Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: commlinx on April 28, 2011, 08:00:22 AM So, neglecting the cost of hardware, what is the current cost, in joules, of digging a coin out of the cryptographic ground? I assume the answer will be a range of values; I'm interested in the variables. Check out the following chart. Most people use watts as it's normally kW/Hrs that utilities charge in. I use a 5970 which is listed as about 300W and earns me about 6 BTC per day at the current difficulty, I could probably get say 7-8 if it was dedicated because I use it for other stuff as well. So I'd be using about 7.2kW/Hrs a day at .15 so a bit over a dollar a day. There are many variables, but if you have a decent ATI card it's generally currently profitable at the moment versus the power consumed. In my case I have the PC running all the time for other reasons anyway, so my "added" cost is a little lower versus a dedicated rig not doing anything else.Also, how do you guys measure your energy consumption? https://en.bitcoin.it/wiki/Mining_hardware_comparison The same questions have been asked and answered quite a few times before, the following thread includes a calculator and comments on the subject: http://bitcointalk.org/index.php?topic=5826.0 Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: shackleford on April 28, 2011, 08:10:00 AM it's 28 April 2011, mtgox is trading at ~1.75 usd/btc. I've been mining with a 3 GHz CPU for ~24 hours now. My client says it has 8 connections, 120606 blocks, and 1 transaction (my 0.05 from the faucet). How many alpaca socks can I buy? Do you have anything of value (including labor) that you can offer in exchange for the Bitcoins to buy the socks? Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: allinvain on April 28, 2011, 02:21:01 PM Have you considered selling your soul to the bitcoin gods? I hear they're very generous this time of the year......
But umm I think the best solution for you is to get the most powerful but CHEAPEST ATI Radeon card you can find. Scour the local classifieds sites or ebay. Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: rezin777 on April 28, 2011, 02:35:25 PM Also, how do you guys measure your energy consumption? http://www.newegg.com/Product/Product.aspx?Item=N82E16882715001 Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: allinvain on April 28, 2011, 02:39:38 PM Also, how do you guys measure your energy consumption? http://www.newegg.com/Product/Product.aspx?Item=N82E16882715001 Using that or a similar device. I got mine from Canadian Tire. It's not a kill-a-watt-with-extreme-prejudice but it does the same thing. Title: Re: I've mined for 24 hours. How many alpaca socks can I buy? Post by: drgr33n on April 28, 2011, 02:44:21 PM I'm using 5830's they are only £73 and still pump just under 270MH/s Probably work out about the same money to grab a 5970 of ebay for around £300 but for me I don't have £300 I can just go out and spend on a gc :D even though I'm getting money back I am poor as you like hahah.
Sapphire 5830 http://www.ebuyer.com/product/265356 xfx HD5830 xxx edition. http://www.ebuyer.com/product/263858 Sapphire 5850 http://www.ebuyer.com/product/265355 xfx 5870 http://www.ebuyer.com/product/248887 The cheapest new 5970 I could find is selling for £490 lol !! total rip off and forget ebay ATM I'm telling you most people on there take the pi^& nowa day trying to charge more than the retail prices and anything that does go on there just gets snapped up. Probably due to all the bitcoin attention :D So if you are one of those skiddies that keep outbidding me PPPPLLLEEEEAAASSSEEEE let me have just one :D PS: if you live in the UK you can get one of those watt meters for free by asking your electric supplier real nicely :D. They are a real nice bit of kit too its pre set to your tarrif so you know exactly how much electric your using :D !! |