Hi all. I go by darkskypoet or dsp for short... I've been mining for just a few days now with about 600MHashes/s, looking to move to ~ 1GHash/s in a couple days.

I think this is a neat and seemingly profitable socioeconomic experiment and hope that it continues to go well.

Currently I mine from the Beautiful British Columbia with fairly cheap Hydro Electric power (for the most part).

Oh and a side note, if you're looking at getting more mining hardware... 6990s are not a very cost effective way of doing so... Consider that 2 6970's for around $750 CDN will get you more MHashs/hr... for a lot cheaper.

Good luck and Good Mining.

Completely understand where you are coming from.. Heck to pay a hydro bill through online banking... it takes 2-3 days to go through.. and thats verified funds in the account to a large corp... But that 2-3 days gains them some interest... Its sad, as debit transactions are instantaneous... so there is no reason to take 2-3 days to xfer something electronically via an online payment. Visa upsets me too, as it never gives me a current up to the second balance.. it's always lagging by a few days, unless i call them. If ic an call them and get a balance up to the second, why isn't this available online as well? They keep claiming its the age of the Visa network, and it wasn't designed to pass that data that quickly.

Sigh.

Hopefully though, the liquidity issue with BTC is solved... However, realize that as volatile as BTC trading is now,  increased liquidity would increase that over the short term... something that may not be so desireable with merchants who can't implement floating scripted prices based on conversion rates at time of purchase...

Good luck with your transfer, and hopefully a better alternative emerges for you, and us all.

0.08/kwh (cdn) It was cheaper in the last province I lived... like 0.06 / kwh... But oh well. It's all Hydro-electric anyway.

If I qualified for the commercial rates in my old province, it would've been like 0.03 / kwh

Still easy to make money at mining... around $40 a month to mine at around 1GHash/s  by my calculations.

Hi there, i would like out of here for the following reasons:

1. I have read up quite a bit on these forums,and other sources.
2. I have not amassed my 5 hours yet because I am busy working on a difficult course at work, and it doesn't seem to double increment my time for following threads in different windows.. (thus not refreshing steadily over time like I would in one thread researching)
  2.a. And i have to keep hammering away at my RelVel and Rules of the road study materials... exams are coming soon.
3. My pool's forum is a forum on this site, and as such I would really like to be able to respond to their posts. (mining for bitcoins.lc); and
4. Pretty please with sugar on top.

Thank you for your time.

Yeah, I just started a couple days ago, and just ordered another 6950... considering power consumption vs the 5850 and that I already have one 6950... a cross fire rig mostly paid for (gpus anyway) if the mining does dry up is perfectly fine for me. However, i am not gonna jump in with hardware that would require a long amortization period... No real point if the difficulty ratchets like I think it will considering the new comers that will start mining. However, if i had it to burn, and then say an outlet for it.. (a gaming cafe off hours per se) then I would totally take the time to build out a lab to mine... as long as I had a fall back revenue generation stream.

Just Mining while I watch the market oscillate... new.. so not gonna buy any... yet.

Customer handling skills near 0... and prices that seem out of whack.. But then again, since our dollar rose here, a lot of that stuff is cheaper here now... Just hit Directcanada.com or ncix, or any of the bigger online stores... cheaper, better service, warranties, support, etc. Besides, anyone who knows anything about the high end, knows that two 6970's will rock a 6990... plus you can spread the heat out in your case. Crap... buy a few 6950's and unlock them... ATM sale priced 5850s in triplicate will outdo a 6990... and last i checked.. for 1500, you could buy ten of them...

Please.. don't go buying a 6990 for 1500 when a couple 6970's will outshine it.

Yeps. Just figure out how much power that is costing you, and depending on your electricity rate... you can see if its cheaper just to buy them.

Sadly, its a question of when some entity tries to make it illegal, tax the crap out of it, or pursues methods of attacking its liquidity. Hopefully the international scope of the BTC market will stall those attempts... but really, its a case of the EU and US attacking those who allow trades from/to established currencies and BTC. Otherwise, its quite difficult to stop it, or hurt it to any great extent. However the lack of liquidity with what most outsiders will see as 'real currency' is the largest danger to the BTC-verse. It then becomes an issue of coincidence of need based on vendors that can pay suppliers, or obtain enough other items of interest with BTC to continue accepting them.

The funny thing not mentioned in the white paper to any great degree, is that with the proliferation of GPGPU hashing to mine, the left over, nearly (relatively) useless compute power of say a botnet (low hash/s infrastructure) has no incentive to mine vs disrupting the mining efforts of others to allow its own GPGPU farm to attempt a counterfeiting operation. The case put forward in the whitepaper is that any assailant playing a direct attack game would be better off mining, then trying to deceive the peers as to who has the right transaction list.

However, if one has the ability to make/buy and trade a large amount of BTC, then suppress the mining operations growing and protecting the transaction objects, they then would have a much better chance of catching up and poisoning the pool to an extent where there is sufficient doubt as to which object is the accurate representation of the state of BTC accounts...

Hmm... perhaps this explains the DDoS attacks on pools... Attacking MtGox is just an attempt to bring clients over to other exchanges, or to devalue the BTC temporarily by threatening its 'stability and liquidity'... Scare people, they sell at disadvantageous terms, then buy up the BTC at a lower cost... essentialy then, rushing to sell in the BTC market is as disasterous as in any other physical market... you simply depress the price while being stampeded to the exits. Much like any economic market in the world, faith is required for its functioning. People, by and large, tend to distrust the virtual, and until that overwhelming impulse in the majority of older people goes away, the information economy will not grow to its potential. Similarly, how luddites attempted to hold back the industrial economy of yore.

hmmm.. interesting.

The thing about BTC is that it is a proof of concept about creating a type of currency that is not subject to counterfeiting. In order to do so there must be an incentive to play the game and stay ahead of would be attackers, via the expenditure of power and cpu/gpu cycles. If you consider what a BTC is worth to you, ie what you can do with it or gain for it, and compare that to the electricity and utilization of your hardware; you too can decide if its worth your time or not.

However, the value per unit of said currency, when the number of units of said currency are small and with the lack of information held by the majority about what its 'value' should be or is; is hard to determine a normal as both factors lead to a massive amount of volatility in price. As someone else said before, if you are concerned, then by all means avoid playing / trading / buying / selling until such values, information, markets, etc stabilize.

Else, you could inadvertently benefit others through your actions, without receiving the desired level of utility for your time / energy / money / etc.

For me; my electricity costs are roughly $0.08 per KW/h, and my two miners are probably burning a good 12KW/h per day (hopefully less, but I am rounding up). So for roughly $1 a day, I am achieving about 1.1BTC... Which means the price per BTC can fall tremendously before I fail to break even. However, because i find this all very neat, and quite an interesting project... my gained utility easily exceeds the $1 a day i am burning. So I doubt i would stop mining even if the price did fall to below my break even point of $1 /day.

Besides, there is a site in my country that will sell me the new kicks i want for BTC.. and I am only 3 away (I started mining the other day)

So if you are skeptical, mine and see where it gets you, if scared.. then run away. If interested, mine and see where it goes... But I know for me, i am not going to buy them to speculate... I have other stuff that takes my money

Yeah funny that... easy way to win an argument with nVidia fan-persons in nVidia vs ATI/AMD debates....

"How many Mhashes does your card get? CUDA be damned, go OpenCL."

Currently mining with a 6950 and 5850... and liking it. But in response to your question, I found, while reading up on a few pools, that it really depends on how the pool breaks down the payments as well. You may want to see what your given Pools rules are for that sort of thing. Also, its probably a different answer still if you are Solo mining.

I mine with btcoins.lc and I get paid based on my proportion of shares there. However some were mentioning a pay per share method... So there are different ways to break down the 50 BTC amongst different pools.

No kidding... I was clicking through a forum that I read from page 1-33, went to reply and realized no button... Thinking It was a browser Issue, I clicked through a few others... No dice until i hit the front page again.

At least now I don't think the probability is as high that I am crazy.

Hello everyone.