I always thought mining with my graphics card was slow
For SHA256d coins it's actually terrible now that ASiCs are out But... For SCRYPT coins (ie Litecoin / Feathercoin / ETC) GPUs are still the best bet It's a nvidia, I hear good things. |
|
|
|
|
I always thought mining with my graphics card was slow
|
|
|
|
1) No, each computer has a limited number of slots. GPU's require PCI-E (PCI-Express) slots, most basic PC's have 1 or 2, enthusiast gaming/mining motherboards have 4 or more that can be accessible with "risers" because there is not physically enough room to fit all of those cards on a single board (the GPU cards that are good for mining all take up 2 expansion slot spaces). 5, sometimes 6 cards per PC seems to be a pretty hard limit. Also there is the power issue, generally a PC with more than 2 or 3 GPU's will need an extra power supply (PSU) unless you get a really powerful one such as 1200W+. (In general, a powerful GPU will take 300W. So 2 GPU's = 600W, add in other system components and some overhead, and you need 800W or so to power the whole system. Now, in the USA, many residential power circuits are 15 Amps, which at 110V is 1650W. So you could only power 2 of these systems on a typical household power circuit. If you have 20A or 30A circuits, you can go higher.) It looks like the PC's in the photo show 2x GPU's per motherboard, which is not terribly hard to accomplish. You see 3 "computers" in a row there on the shelf; 3 motherboards, CPU's, PSU's, and RAM sets, each with 2 graphics cards which do the actual mining.
Note, this is for GPU mining, which is basically only good for scrypt mining (Litecoin, Dogecoin, etc.) and not SHA256 like Bitcoin. They are 2 fundamentally different algorithms which require fundamentally different hardware to mine. ASICs are out for SHA256, nobody has yet produced and marketed an ASIC for scrypt, although several are supposedly being developed and tested. This is why GPU's are still profitable for scrypt mining.
2) HAHAHAHA! That card doesn't exist and it won't for several months, if ever. Nobody knows what you will really have to do with it in order to get it to run. BFL seems to be promising the impossible with it. Who knows? Maybe you have to slot it into a PCI-E slot, maybe you can run it on a USB cable. Maybe it consumes goat blood for its energy.
3) Any reasonable Bitcoin rig nowadays will consist of ASIC miners. There are many different configurations. Some of them are "standalone" (meaning they don't need to be plugged into a PC) while others require USB connections to a PC in order to mine. I am not aware of any that use PCI-E connections like GPU's that allow them to be directly plugged into a PC motherboard, but there's no reason why they couldn't exist.
In general, you sound very naive, not really technically inclined (if you were then you'd know what you were looking at in that photo -- regardless of mining, computer hardware has looked pretty similar for decades) and probably not getting into this for the right reasons. You are the "sucker in the room" and despite your inquisitive nature (I'm glad you're asking here before just pre-ordering a BFL card), you will be taken in by somebody and be ripped off. The power requirements are significant and will require expensive upgrades to most residential systems.
Gotta agree with above. 2 weeks ago I had no clue what mining was and how to do it. I started out small, just using my graphics card with bitminter to learn about it. I hadn't sunk any money in and I learned a lot. I went out and found 10 333 mh usb miners for cheap knowing I would never make money off them. learned a lot with them, still learning. Been using them for just over a week. Decided to step it up and learn more. Ordered a 30 gh cube. Took me a lot of research and searching to come to the conclusion to get it. Managed a pretty good deal I think, when I get it, I'll try to sell the 333 mh miners, still seem to be going for more than I paid on Craigslist and Kijiji. If I break even I'll be surprised, nor do I care, i learned a lot. Tonight I started to figure out bfgminer, since bitminter wont work with the cube? Got the usb sticks working and it looks like they even perform better in bfgminer. When I get the cube, again, learning curve. Looking into a power supply and what have you. When I have that all figured out and mining for a bit, I'll think about my next move. Maybe I'll look into a better graphics card and try litecoin. Who knows. Maybe I'll look into something big (2 th) Keep in mind, I'm still only treating this as a hobby because it interests me. Don't get into this with the mindset that you're going to get rich. Start out slow and learn as you go. That's my advice. |
|
|
|
I would love to be added to the free mining, curious to see how much of a difference it will be to my main worker here.
Just not 100% on what info you need. Sorry, still trying to learn this, all I've used so far is bitminter. It's all I know how to use at this point, LOL!
Any helpful info is appreciated.
Your worker can be anything you want Most pools use . or _ then a name for the worker and the password is usually x so for example if your username on CEX was Potato you could use anything after that for example Potato.1 with a password of x ie -o (output) http://us1.cex.io:3333 (pool address and port) -u Potato.1 (Worker Name) -p x (Worker Password) For Bitminter instead of . it uses _ so the only difference in syntax is it would be Potato_1 instead of Potato.1 I'm so confused. LOL! I don't see how my worker has a password here. I just created another worker and it didn't ask me to make a password. Not sure if I figured this out or not, here goes: stratum+tcp://mint.bitminter.com:3333 -u IamCANADIAN013_Worker3 -p x Does that look right? On Bitminter when you are logged in go to My Account > Workers And tell me what your Worker Username and Password is or make one Anyone can mine on that worker for you It's completely safe to share  Worker username is Worker3, it never asks me for a password. I'm just going off of this: Other clients: bfgminer, cgminer, etc. Connect to the pool at stratum+tcp://mint.bitminter.com:3333 (Stratum) or http://mint.bitminter.com:8332 (GBT or getwork). As user name put your Bitminter user name, an underscore, then a worker name, e.g. DrHaribo_asic3. In case you have firewall issues, port 443 and 5050 (Stratum) and 80 (GBT/getwork) are also available. Any password is accepted. So I'm assuming I don't need a password. Im sure 1234 will work So I guess it should be this? stratum+tcp://mint.bitminter.com:3333 -u IamCANADIAN013_Worker3 -p 1234 |
|
|
|
I would love to be added to the free mining, curious to see how much of a difference it will be to my main worker here.
Just not 100% on what info you need. Sorry, still trying to learn this, all I've used so far is bitminter. It's all I know how to use at this point, LOL!
Any helpful info is appreciated.
Your worker can be anything you want Most pools use . or _ then a name for the worker and the password is usually x so for example if your username on CEX was Potato you could use anything after that for example Potato.1 with a password of x ie -o (output) http://us1.cex.io:3333 (pool address and port) -u Potato.1 (Worker Name) -p x (Worker Password) For Bitminter instead of . it uses _ so the only difference in syntax is it would be Potato_1 instead of Potato.1 I'm so confused. LOL! I don't see how my worker has a password here. I just created another worker and it didn't ask me to make a password. Not sure if I figured this out or not, here goes: stratum+tcp://mint.bitminter.com:3333 -u IamCANADIAN013_Worker3 -p x Does that look right? |
|
|
|
Hi all, So I've decided to bring back my Mining Giveaway but because of large Minimums to withdrawal on most pools , The dust limit on transactions and the increases in fees I've decided to just avoid all of that and mine directly to whatever pool you all want me to mine on for you. So... Just post the Pool Address , Worker Username and Worker Password and I'll add you all to the Free Mining  Current Hardware I'm using for this is 5 x Bitfountain / ASiCMiNER Block Erupters @ 336 MH/s running on an Orico P10 Series Hub Unfortunately the other hardware is backlogged in owed Mining Contracts  I will also be purchasing 2 x Bitmain Antminer S1 180 GH/s units very soon When they arrive I'll be adding 2 x Butterfly Labs Bitforce SC Jalapenos @ 7.5 GH/s and 7.8 GH/s to the Free Mining Cheers, CrazyRabbi I would love to be added to the free mining, curious to see how much of a difference it will be to my main worker here. Just not 100% on what info you need. Sorry, still trying to learn this, all I've used so far is bitminter. It's all I know how to use at this point, LOL! Any helpful info is appreciated. |
|
|
|
|
seems the coins I managed to win when I was able to turn off adblock are gone. Balance says 0
Now I can't even get on if adblock is disabled for every site.
|
|
|
|
Thanks for the link. I'd still be looking at roughly $1340 Canadian, plus shipping, can't see how much they charge, I'm assuming it isn't free. Then I'm gonna get nailed by customs for tax and duty I assume. Tax alone would be about $160. There are people listing these on Craigslist for $3500 here though. Maybe some money in just reselling them, buy bitcoin with that. |
|
|
|
Wow that was a tough one! 283288 2014-01-31 00:27 1d 15h 20m 12,599,606,230 2,147,483,647 99.7% 382.1 BTC Fefox 112 left Thank goodness for Fefox! How many TH are they running seen FeFox find 3 blocks just on that 1st page! The last 2 have been brutal. Let's hope this isn't a sign of things to come luck wise. |
|
|
|
looks like bitminter is down
been working fine for me, looks like we got paid out for the last block as well. |
|
|
|
So I can pick one up (TerraMiner™ IV – 2TH/s, Networked ASIC Miner) for $6,391.97 U.S. to be delivered in May.
For the price, this seems to be the best bang for your buck that I have come across so far.
The only big variable i see is mining difficulty. Am I missing something?
I notice they only take Bitcoin and bank transfer, that's a big red flag to me, or is this normal with companies like this?
Do any take credit cards?
That's at least 3 months away, difficulty will go up 10x in that time. So 200 GH/s now is equal to 2 TH/s in May. You can get 200 GH/s now for just over $1000. Why would you throw away $5000??? 200 gh/s for $1000? I haven't been able to find anything close to that. I'll have to keep looking. |
|
|
|
just be aware that all that Bitcoin Dust form the free coin sites can really mess up your wallet and make it difficult to spend you coins.  I've been wondering about this since the announcement that people can cash out small amounts here now and I saw this: Don't collect many tiny payments in your wallet. It gives you a "wallet full of pennies" and you'll be forced to pay high fees to send the coins later. I'm not really clear what that means though or how it works. Sounds like the free sites are more trouble than they're worth. |
|
|
|
Having an issue with adblock.
I've disabled it for both pages. Ad's are now showing up.
But it's telling me to still disable it. Any ideas?
I have had more complaints about the Adblock detection, this is on top of my list. [/quote] I have managed a way to get around it, but it's a little annoying. If you go in and click disable everywhere and re-load the page it will let you roll. You can just go and click it back off after you roll.. It's a pain in the butt, but at least people can use the page. |
|
|
|
|
So I can pick one up (TerraMiner™ IV – 2TH/s, Networked ASIC Miner) for $6,391.97 U.S. to be delivered in May.
For the price, this seems to be the best bang for your buck that I have come across so far.
The only big variable i see is mining difficulty. Am I missing something?
I notice they only take Bitcoin and bank transfer, that's a big red flag to me, or is this normal with companies like this?
Do any take credit cards?
|
|
|
|
is it true I get paid for my posts
Not with Primedice until you have 50 activity. I have a question regarding activity vs. posts. What does it all mean? i have an activity 0f 28, but I've made 54 posts. How does activity increase? |
|
|
|
Haha, the comments! There is one, that sums up all misunderstandings about Bitcoin in one single Post. Amazing. Bitcoin is just another fiat currency with no backing of any sort. Just like the plain old CDN$, its value depends on global demand and nothing else, no gold, no silver, no nothing. The idea that it is de-centralized is foolish. Every currency has its own single issuing authority. Who decided that there will only ever be 21 million bitcoins? Who creates the puzzles one must solve to mine the coins? If it was truly de-centralized I could just create my own bitcoins out of thin air and use them to buy whatever I need. Given its increasing popularity, unless more are created, its value will rise even farther to the point that even big ticket items will be very hard to buy because a single bitcoin will be unaffordable. Also, being digital-only and internet-based, it only takes one teenage hacker in Russia to blow down this whole house of cards. Sounds like a guy my g/f works with. Thinks he knows all about it, but is totally clueless and on the other end of the scale. The only thing I see there that I also wonder about, is, Who decided there will only ever be 21 million? How much of a guarantee is that? Wow the irony.... calling someone clueless yet you'r also clueless yourself. Who decided there will only ever be 21 mill? Simple, Theymos... the admin of this forum decided that. Hes also the creator of bitcoin . Didnt ya know? While I'm just trying to learn, he's already drawn conclusions without any basis, see the difference? Calling me clueless because I ask questions is one of the reasons I was hesitant to learn about this stuff. |
|
|
|
Hey all,
I've been wondering this since I started to get into it. What happens if the price of Bitcoin tanks? We see these huge companies sink tonnes of money into mining farms. If the price tanks, do they continue to mine at a huge loss or just shut them down? Would the difficulty ever go back down to try to boost the price?
Why would a lower difficulty boots the price? I figure lower difficulty would boost the economy of it because more people would be inclined to minethat otherwise wouldn't with a higher difficulty. Kinda like how lowering interest rates boosts economic growth now. |
|
|
|
Congrats on trying to win big, and for taking the kinds of risk most people here clearly don't have the balls to do. If you have a small amount left I would play it again and try to get more of your money back. Just consider that 4g's gone and maybe your luck will change.
I probably wouldn't do it again though. At least now you know better and it's just money at the end of the day
There's the worst possible advice. Please ignore it. You don't need "balls" to gamble, just like you don't need "balls" to become an alcoholic. Get some help. Your luck will not change. That's the addict talking. Gambling is dangerous because whatever happens it's hard to quit. Even if you win big you're likely to try win even more. I never thought gambling was an "addiction" until I saw my buddy do this. We all played pull tabs or keno at the pubs. He started hitting the Casino. It got to the point where he had pulled out so many cash advances that he was broke the moment he got paid. He then started borrowing money from other sources. He was like a drug addict looking for his next high, I never knew that was possible when it came to money. Then again, people spend tonnes of money on facebook credits to beat a Candy Crush level. |
|
|
|
Actually that wasn't my point, I'll delete the referral part of the link. I'm actually curious to see what people have rolled. It looks to be one of the most used and favorite site's for free coins. I would love to know if people have rolled large. |
|
|
|
Simple question. If you haven't heard about it, its probably the best way to earn free Bitcoins with minimal effort. Here is the link: http://freebitco.inI wonder, whats the highest number that you have spun, mine was 09909. Can you beat that? |
|
|
|
|
Show Posts
