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If you have the ability to buy a good ATI graphics card.. mine with it for a few months and then sell it for close to what you paid for it you can make a few bucks.
you wont get rich though.
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Between 50BTC and Deepbit? Would you say the two are comparable?
Comparable yes. Both pay you X BTC per share of work your computer submits. One just pays more than the other (50btc = more). The amount you get paid per share for 50btc is 48.5 / difficulty = 48.5/2.6 million = roughly .00001865 per share. |
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IF that is the case and this company can continue to operate profitably than maybe it is undervalued.
A large part of making money in the stock market is finding undervalued stock and buying them.
The hard part is actually knowing what is undervalued or not.
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Just to point out many GPU users are switching to mining litecoin or have litecoin as a fall back position in the event of what has been said above coming to pass.
But then the future of LTC is unknown as well. Currently they're worth .0034 BTC or so each, so like 4 cents. Not a huge sum, but heck. its something if your power is cheap or if you just enjoy playing around (and you actually get several coins a day from a single core i7). |
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That's not a problem, an HD 6450 only has 160 stream processors. It's not the godzilla of the graphics world. My 3870K APU has 400 stream processors and OC'd to 900Mhz I get 98MH/s. pretty much inline with half a 6770 with 800 stream processors.
That chip with the HD 4000 is performing pretty much where it should.
100mh/s... not bad for a $100 CPU. |
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Is your power rate > $0.10 per kWh?
The relevance of this depends a LOT on the % of the year that the given miner uses heat/AC. More heat = power costs matter less, as they save on heating. more AC = more 'double dipping' as you then have to AC all that heat your mining creates |
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It is kind of like asking.. "will I make money buying X stock??"
The answer: Maybe, depends on a LOT of factors.
1. the price of BTC over the next few months
2. how long until ASICs and the stupid rise in difficulty.
3. how much BTC you earn from your hardware until such time
4. how much you can resell the hardware for once it is obsolete
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I was hoping for a few good final months before ASICs arrived, because I expected people to ditch their GPU farms while they still can get a decent price for them. I mean, good luck selling your GPUs in november or whenever these asics hit.
Why do you feel the used GPU market will suddenly crash? There are a LOT more gamers out there than there are miners. I would be surprised if there was more than 1-4 people GPU mining in a given city of 100k or so. I could be wrong though, but i'd be surprised if I was. |
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Why would anyone want to pay a fee to reduce variance when they can just use a no fee PPS pool?
I'd rather have variance than more fees...
This puzzled me when I was asked to offer PPS to miners that wanted PPS but also wanted to mine at Ozcoin, I said yes at a 5% fee, these miners agreed. I think there must be more to choosing a pool than just the fee  best Graet Sure is! For example, some things I personally look for in a pool: 1. supported on BTCMon (iOS app) 2. decent up-to-date website that lets me track income and progress, there is just something VERY awesome about refreshing after a minute or two and seeing the PPS balance increase ever so slightly. 3. email notification of idle miners. 4. then, after seeing who meets those criteria, I tend to go for the lowest fee. |
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This sounds like an interesting and innovative idea. It almost sounds like hedging, if the price drops in the future, you are covered, if it goes up, then the 'loyalty points' might be worthless.
Question: Is there any guarantee that the 'other' work assigned in the future is legit and won't be illegal? (not cracking passwords for hacking etc)
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The most ridiculous idea i have heard on this forum Did you spend 5 mins thinking ?  At the most basic level it seemed like an idea at least writing down and presenting. Innovation and good ideas dont just suddenly pop up, they are filtered out of LOTS of awful ideas that come before it. Original thinking should be encouraged IMO espescially when someone is willing to take the time to write it out in a grammatical cohesive manner. |
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Reading this thread is like reading a bunch of stories about people who bought shares of apple for $7 each in 02...
I wonder how quickly 1 ghash/s would of solved blocks back in the day.
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no really, i'd like you guys to tell me why the fiat conversion indicator is not important :-)
Because just like the stock market, some people are more psychologically 'resistant' to short term swings in price. Until one can train their mind to be more long term thinking, it is easy to look at the price hour by hour, day after day and worrya bout what will happen next. That said, one needs to keep informed so that if 'it hits the fan' then they can get out before it gets too ugly (like when a company or the currency might start to fail and loses long term viability, but even then it is a gamble, if you buy when its cheap, you can lose all, or gain a lot if it recovers). |
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Tried this for litecoin.. only was getting 6.7kh/s on my 7870's.. *unamused*
However, your bitcoin tool worked BEAUTIFULLY. I was never able to get cgminer to work correctly before on my own. What is your BTC address so i can send you a tip?
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TeamViewer is best free solution Highly recommended Team viewer is really nice and it even has a free app for remote controling your windows machines from an android or iOS device. |
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The Bitcoin technology renders "banks" as we know them obsolete. I definitely wouldn't say obsolete. There is always going to be a demand for an entity that safehouses peoples wealth. Whether that is in the form of cash money or a bitcoin file, they will always serve a purpose. |
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The thing I am curious about is what will those first shipped units sell for on the aftermarket.
Depending on how many people want one and how badly, I wouldnt be surprised to see people paying $300-400 each for the first units.
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I just stumbled upon a post where a guy is selling an android tablet for X amount of BTC and thought "ya... thats some risky stuff right there" and realized actual reasonable usage of BTC isn't so far away.
Think about all of the devices coming out with NFC capability. Combine this with a quality, proven app on say android/iOS and you have a good replacement for cash/paypal for in-person transactions. There is no specific worries about trust, as it is just as risky as a cash/goods handover in person and what address someone is using is not an issue either, as the apps would store all that information automatically and transfer over the appropriate info when the 'bump' is made.
What do you guys think? To me, this sounds pretty sweet and something that could reasonably become a possibility.
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I have two Gigabyte 7870s OC'ed to 1175 with 1231 voltage in afterburner and they get 435 m/hash 24/7.
running them in a corsair 400r case and temps are about 74/63 (ambient 25).
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Mine does 756 mh/s @ 52 C,only because of my room being 80 F...........  They were designed for room temps of 72 F or cooler,which is pretty stupid considering most folks buying these were/are going to be running them in a basement/garage/bedroom.....not in datacenters So,figure anywhere from 750-896 mh/s at best  Not necessarily stupid, as most people will comparison shop this device at the top performance level, not the expected level for their given environment. If their sales are higher because of this, then they have made the correct decision. |
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