You successfully managed to make Bitcoin mining look epic. Congrats.  |
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I think the comparison is false regardless. Currency speculation has as little to do with mining as buying pork bellies on the commodity exchange has to do with farming hogs.
This thread is about if it still pays off to buy a new farm + some land and start to breed pigs, if the food will be 2% more expensive each day.  Depends. If I can either send the pigs to slaughter when I'm done or put tutus on them and make them join the circus...well, you get it. I'm the sort that would probably keep them all as pets and name them. |
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Good enough for now, then. Thanks for being so cool with everything. You really do have top notch support, too...especially for a noob such as myself. |
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I'm betting on some reduction in difficulty after the OC.net people get bored. Since a lot of them are gamers, I don't imagine that will take all that long (I saw that thread you mentioned...it was very sad).
Difficulty reduction won't happen any time soon. I think you're overestimating the number of OC.net people who make up the entire network hash rate, and underestimating how desperate some of these guys will be to pay back the hardware they purchased. OC.net is just one forum and I doubt it's the last one that will have a 'bitcoin revelation'. Expect more jumps in difficulty as more forums catch wind of this. I've got a hunch that after this next difficulty increase the percentage increase to the difficulty after that won't be quite as big because the big leap coming up in a few days will scare some people off. But, who knows. I'm not ascared. I just know that the 2.5-3 BTC I get a day will probably get cut in half or worse in the next six weeks. I can live with that.  |
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I'm betting on some reduction in difficulty after the OC.net people get bored. Since a lot of them are gamers, I don't imagine that will take all that long (I saw that thread you mentioned...it was very sad).
Difficulty reduction won't happen any time soon. I think you're overestimating the number of OC.net people who make up the entire network hash rate, and underestimating how desperate some of these guys will be to pay back the hardware they purchased. OC.net is just one forum and I doubt it's the last one that will have a 'bitcoin revelation'. Expect more jumps in difficulty as more forums catch wind of this. Again, you are probably right. Still, there were 160 pages of comments in just two days before the mods over there shut it down...seems like a fair amount of interest in a short timeframe. |
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I have been inexplicably paid.  The pool just sent out .27 BTC for me. Odd, since I have my threshold set at 1 and just took yesterday's payoff about 2 hours ago. Not that I'm complaining. |
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Ah...Photobucket finally came back up. Here's what I have to share: I'm operating off of the assumption that the dust improves my hashrate by 10-20%...this may be flawed logic, though... Holy... You know, just because we are called miners doesn't mean we have to actually be in a mine... Ah, shit...I'll get a rag... |
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That really sucks. I would consider jailbreaking my phone (*gasp*) for functionality in this realm. Apple really sucks in this regard...though I've been very happy with the hardware.
I've been extremely happy with the beta (though, in all honesty, I use it mostly for checking my wallet balance in bed).
Good luck getting this sorted.
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Ah...Photobucket finally came back up. Here's what I have to share:  I'm operating off of the assumption that the dust improves my hashrate by 10-20%...this may be flawed logic, though... |
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I'm not a betting individual...I get queasy buying scratch tickets. I sincerely hope you are wrong, though.  They did not have the same ethos that a lot of the people here do. |
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The next difficulty increase is already projected to be an incredible 37% now!
For prospective miners: Whatever your projected income is right now, multiply that by 0.73 and that's what you'll be making in 4.5 days. If you ordered a card at this very moment, I doubt it will show up before this difficulty increase reduces your profits to less than 3/4 of what you'd make with the same card today.
I'm betting on some reduction in difficulty after the OC.net people get bored. Since a lot of them are gamers, I don't imagine that will take all that long (I saw that thread you mentioned...it was very sad). |
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It's amusing to me...in reading this thread, you would think that there is absolutely no use for a high-end graphics card other than Bitcoin mining. This doesn't seem like 100% solid logic.
If you're a gamer looking for a new card, then by all means go for it! Bitcoin mining would effectively be a discount on money you would have spent anyway. No one will argue this. This thread isn't for these people. This thread is for the non-gamers snatching up GPUs and considering building second computers (motherboard, CPU, RAM, PSU, etc.) for them. 100% logic here. Well, then how do I tell the forum to stop updating me on it? It's damn depressing. You all sound like my 7th grade science teacher. |
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10.3 and 10.4 seem a little old...I'd personally try 10.7 and see what happens from there. SDK 2.1 is what I'm using with your same OS with quite a bit of success. I'm getting very similar speeds to you while using my computer. C:\Phoenix\phoenix.exe -u http://REDACTED@deepbit.net:8332 -k poclbm VECTORS BFI_INT FASTLOOP AGGRESSION=7 DEVICE=1 Edit: Try turning the Worksize off...BFI_INT seems to somehow mitigate the need to process the work in smaller pieces. At least, it feels that way. No change in speed at all after the new miners were installed. Thanks for the suggestion, is it possible to install 2.1 with the 11.4 drivers perhaps? I could try that and narrow down whether it's the SDK or the drivers causing the problem. Just for reference, my current setup gets about 278 MHash/s with aggression=7. I haven't tried it, but it probably won't hurt. |
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It's amusing to me...in reading this thread, you would think that there is absolutely no use for a high-end graphics card other than Bitcoin mining. This doesn't seem like 100% solid logic.
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Hmm, that ibook looks nice but you sure it's worthwhile mining on it if all you can get is roughly 20 KHash/sec? Also do you mean to say 20 MHash?
I was definitely kidding. I'll be lucky if it starts... Oh I'm sure it will start. There are a few OSX cpu miners around. Don't know how effectively its GPU can be exploited - if at all. If you do manage to get both CPU and gpu mining after a while you'll come back and see the laptop melted in a puddle of plastic and metal parts lool In the shape of Steve Jobs' face, no less... I do know that if someone wants to break into the Bitcoin Mining market, they are welcome to have at it with my 256MB nVidia 9300GE. I was getting 1700 kHash off of it on a good day. It's in the closet now. |
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Hmm, that ibook looks nice but you sure it's worthwhile mining on it if all you can get is roughly 20 KHash/sec? Also do you mean to say 20 MHash?
I was definitely kidding. I'll be lucky if it starts... |
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I agree with you JJG. I don't think it would be a smart idea to invest large sums of $ into mining hardware now. If one can find a super cheap deal on a good mining video card then maybe, but otherwise I can't justify buying something like a new 6990 JUST to mine..or more.
From what I've seen on the forums, the 5850 is a pretty solid card. Not terribly power-hungry and ~320 MHash/sec or so. Still very cheap, too...can probably get one for $120-$130, or cheaper used. I'm also very happy with my 5830, but it's not as efficient. I couldn't justify spending $700 on a GPU like a 5970 or a 6990...especially considering the risk. Assembling this pile of parts, throwing Ubuntu on it and snagging a cheap 58XX? Perfectly reasonable. I guess I want to thank JJG after all. For being a killjoy. And for convincing me to do a little bit better modeling on my projections. Having said that, I still want to grow a little bit of a mining farm. But I'll be reasonable about it. I know I said I was going to stay out of this. I agree. The 5850 is indeed a good mining card from a cost for performance basis. Then again so is the 5870 which is my current favorite. Why my favorite? Well mainly because I can't seem to find cheap 5970s. I can pickup some 5870s for $150-180 (CAD) so for me that's worth while. Also should the unthinkable happen and bitcoin goes flop I still have a reasonably well performing card that I can sell for a fairly good price. The key here is to buy your hardware used and well well below the market price - hard to do I know, but it's the ideal method. On the flip side I guess it's also less risky if you have a newer card like the 6990 because you cam more readily re-sell that one but once again that card costs MUCH more than a 5870 or 5850 so it will take you longer to pay it off and in that time you are far more exposed to market risk (of bitcoin itself, difficulty rise, etc). I was on CL and found just piles of guts...more than I would need to get started building a number of decent rigs. Boards with 1 and 2 PCI-e 16 slots, all kinds of fans...hell, one was a lot of 8 towers for $60 with pretty much everything I needed for 3 solid rigs, minus decent power supplies and cards. I bought none of it...but the prospect is there. Spending $200-$300 to get a rig operational isn't exactly a lucrative prospect, but it's feasible. One of the best kept secrets is where the hell you guys are getting 5870's for prices like that. And like I've said many times on this forum...if Bitcoin suddenly disappeared, I have plenty of uses for a bunch of computer hardware. To be honest, I'd probably go back to SETI@Home. How's that for altruism? Edit: Instead of mining rigs, I bought one of these for the missus...and another one shortly to follow for me. I bet I could get 20kHash/sec out of this... |
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Well to be fair, assuming both of them work and pool money, decisions like this should be made together (shared income and all that).
If he had a separate bank account with his own spending money in it however, then that would be odd!
She'll be doubly pissed when she finds out about that 2nd wallet.dat file you were hiding! If she is, then you keep that one. |
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I laughed pretty hard when I read this...but I suppose it's worth a shot. Strange development over the last few hours...was unable to stabilize that 970/380, so I'm back at the last known working config (960/390). Also, even running at the reduced core clock, I was seeing temps spiking at 82 and 83. Switched back to Phoenix...lost about 5 MHash/sec and the temps are back in the mid-70's. I've also got the big cooler running...the cats hate it, but they aren't making me any Bitcoins, last I checked. |
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Didn't get much of an improvement over Phoenix with straight POCLBM, but I did manage to stabilize the system at 970/380, which is nice. Hashrate is slightly higher when I'm using the computer, which is always a plus. I may have to go back to 960/390 at some point if this crashes a lot, but I'm up and running for now. I did briefly see over 300 MHash/sec right before my system crashed. :-/
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