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Title: I'm new to bitcoins, and have a question about mining? Post by: Bluefalcon on April 17, 2011, 10:25:53 PM Do you have to have an initial amount of Bitcoins to collect from the fruits of your mining labor?
I can't find a good definitive answer anywhere in the wiki or am just reading over it. Any info would be appreciated :-). Title: Re: I'm new to bitcoins, and have a question about mining? Post by: BitLex on April 17, 2011, 10:34:49 PM no, you only need mining-software and computing-ressources to use that software.
you only need initial bitcoins, if you want to buy or rent those computing-ressources with bitcoins. Title: Re: I'm new to bitcoins, and have a question about mining? Post by: Bluefalcon on April 17, 2011, 10:42:37 PM Awesome, thanks for the answer. I'll let poclbm keep chipping away then.
Title: Re: I'm new to bitcoins, and have a question about mining? Post by: Zerbie on April 18, 2011, 03:49:36 AM If you have a newer ATI card, (5xxx or 6xxx) the easiest way to get started is to use the GUI mining program and a pooled mining operation like deepbit.net (my favorite).
GUI mining app can be found here... http://bitcointalk.org/index.php?topic=3878.msg55160;topicseen#msg55160 Deepbit.net can be found here... http://deepbit.net/ Note deepbit.net takes a 3% fee. Make sure you set up your BitCoin wallet so you can specify your receiving BTC address. Title: Re: I'm new to bitcoins, and have a question about mining? Post by: Randall Flagg on April 18, 2011, 09:02:11 AM If you have a newer ATI card, (5xxx or 6xxx) the easiest way to get started is to use the GUI mining program and a pooled mining operation like deepbit.net (my favorite). GUI mining app can be found here... http://bitcointalk.org/index.php?topic=3878.msg55160;topicseen#msg55160 Deepbit.net can be found here... http://deepbit.net/ Note deepbit.net takes a 3% fee. Make sure you set up your BitCoin wallet so you can specify your receiving BTC address. Yes deepbit.net seem fair... I am a beginner too, i was wondering something.... if for the first block, i use the GPU on my machine only, so i get the first 50 BTC, then, after that, join a pool ? is that good idea ? I have a 5770, so the hash rate is pretty high right now... about 70 000 Title: Re: I'm new to bitcoins, and have a question about mining? Post by: [Tycho] on April 18, 2011, 09:05:43 AM I am a beginner too, i was wondering something.... if for the first block, i use the GPU on my machine only, so i get the first 50 BTC, then, after that, join a pool ? is that good idea ? I have a 5770, so the hash rate is pretty high right now... about 70 000 70 MH/s is nice, but i would recommend solo mining with at least 1-2 GH/s.It's just my opinion. Title: Re: I'm new to bitcoins, and have a question about mining? Post by: Randall Flagg on April 19, 2011, 12:45:18 AM I am a beginner too, i was wondering something.... if for the first block, i use the GPU on my machine only, so i get the first 50 BTC, then, after that, join a pool ? is that good idea ? I have a 5770, so the hash rate is pretty high right now... about 70 000 70 MH/s is nice, but i would recommend solo mining with at least 1-2 GH/s.It's just my opinion. Okay! okay, i just joined your pool :) i won't get my 50 BTC but i least i'll have some to play with it :) Title: Re: I'm new to bitcoins, and have a question about mining? Post by: teknohog on April 19, 2011, 04:08:42 PM I have a 5770, so the hash rate is pretty high right now... about 70 000 Seems awfully low, do you mean a 5570? My 5570 (at 800 MHz) gets about 73 Mhash/s, whereas my 5770 (at 900 MHz) gets 180 Mhash/s. At the current difficulty, this 5570 takes an average of 63 days between finding blocks. So for your own mental health, it is probably better to join a pool and get a steady trickle of coins. Title: Re: I'm new to bitcoins, and have a question about mining? Post by: proudhon on April 19, 2011, 05:28:39 PM I'm going to post my newb questions in here too. What do I need to do to set up an EWallet? Apparently I need to do that before I join a pool and start mining. I happen to have a single 6990, and from what I can gather, joining a pool will be the best way for me to go. I'll earn, what, 50BTC a month that way?... :-\
Title: Re: I'm new to bitcoins, and have a question about mining? Post by: Randall Flagg on April 19, 2011, 05:31:55 PM I have a 5770, so the hash rate is pretty high right now... about 70 000 Seems awfully low, do you mean a 5570? My 5570 (at 800 MHz) gets about 73 Mhash/s, whereas my 5770 (at 900 MHz) gets 180 Mhash/s. At the current difficulty, this 5570 takes an average of 63 days between finding blocks. So for your own mental health, it is probably better to join a pool and get a steady trickle of coins. Well, i am on a mac, using Diablo, and i really have a 5770. I didn't test the others client if there are better one like this on a mac? But you make sense, i saw the comparaison chart, and i am below the usual (https://en.bitcoin.it/wiki/Mining_Hardware_Comparison)... I think i'll have to check the other client instead of using Diablo, thanks for pointing that out ! But using a pool like deepbit is now a must (even for my 5770 card) :) On my console i can see some repetitive error message like "ERROR: Invalid block found on ATI Radeon HD 5770 (#1) possible driver or hardware issue)", weird? So i have now have to check what is the root cause of this... EDIT: by default it run at 64, i try to add -w 128, and instead of 70 Mhash/s.i have 99 Mhash/s, but still lower. -w 192 or -w 256 throw an exeption error... |