LOL it was only £100. pocket change.
Its lasted 2 weeks already so im happy.
:\ Do people even mine to get btc/profit in the long term or just drive up the difficulty for fun & to see a number go higher on their screen |
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I suggest spending 50 more, and buying 2 mobos, psus, cpus, hdds, and 4 5830s or 3 5850s and get 50% more hash rate at only 50% more power consumption.
That's semantics, you can't get those cards new & boxed anywhere at reasonable prices anymore, or at all since they are 99% out of stock. The bulk of my rigs contain 5830's and 5850's and I bought those ~9 months ago.. Even then it was a struggle, and I had to settle for a few used ones. Even eBay is mostly filled with used ones or massively price gouged pieces. Newegg ran out ages ago. The only realistic purchase option at this time is a 6870 or a 6950/6970 if you go for ordinary cards instead of dual gpu's. But I do agree that if you run your cluster as a home op, even a single 6990 will make your room uninhabitable. I'd never do it at home, but I do run 4 at separate location. |
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Beats Las Vegas in 2/3 aspects. Pooled mining would also return more than 100% right now, but with zero fun and much time wasted for a wimpy return (or considerable risk if you scale).
You fail to take in account that every day you don't find a block, you lose 0,55 BTC that would otherwise be in your bitcoin wallet. Those "wimpy" losses add up very fast. So for every 100 days you find nothing, you are losing over 50BTC or a whole block because you're not in a pool. Variance only evens out in the long term so it could be another 100 days or even 3 years before you find your next block. Just because you win the lottery once doesn't mean it's going to happen again anytime soon. Just because you found a single block with a 5870 doesn't mean it's going to be a regular event. However, a pool with 3000 ghash/s finds blocks in about 20 minutes average. Your share of the current block doesn't necessarily even have a fee for variance reduction if you mine in a 0% pool like BTCguild. It seems some people get overly enthusiastic about solo mining just because they got lucky once |
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thats why i want to overclock higher to 1000 or 1100 core.
1100 core.
what Take a temp gun & point it at the vrm, it will be scorching hot, for your money's sake I hope you don't do that. It wont be worth the miniscule increase in hashing rate & jump in power usage. Really, one of the worst ideas is to overvolt and 30% OC a dual gpu card |
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lots of people buying bitcoins above 2 cents per coin have clearly not heard of dutch tulips
Are tulips anonymous or limited in absolute quantity by inherent design? How many tulips can I store in my wallet? The reference to historical events is failure in itself. They have nothing in common. You might just as well compare the price of gold to tulips & wonder why it has been so high for decades & why the other one crashed hundreds of years ago. |
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The 6990 is rated for 375W by AMD. With 4 of them at 375W you'd be right at 1500W.
No. The processor consumes power, as well as the motherboard, HDD (and very slightly the RAM). Even a Sempron 140 consumes 45 watts so it's going to be more than 1500W |
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Simple: Don't run a 6990's cores at 1000mhz. That's *insane* for 24/7 usage.
Power usage will go to 500-600 watts just for the card & kill the VRM in continuous use.
Remember that it uses 450W just in the normal OC mode which is 880mhz.
It goes exponentially higher, and rewards get diminishingly lower as you raise the clock frequency.
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Then, who do you think might like almost free DNS? I already listed a bunch of legitimate sites and businesses that might need it at the end of my post. Nothing against the idea in general. |
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Which is why it should be as simple as explaining how to configure your browser to view flash or pdf content. Obviously there is only a reason to do so if it enables access to some content that's useful to the user. Such content could be expected to be developed more readily if it was at least easier to get to the sites.
What kind of content is going to need protection from DNS seizures (besides the gambling example that's going to be used here, I do believe people have a right to gamble their money be it on the internet or Las Vegas and wont argue about that)? To my mind springs instantly certain sites & services, not talking about Silkroad. Mostly sites that practically contain evidence of crimes against young human beings. Those people are batshit crazy and paranoid about security & anonymity due to prison realities against their kind. Then again, I could see legitimate activity as well that could be at risk of seizure in the future such as Bitcoin business, prepaid cell phones/visas, online payment processors similar to e-gold, or torrent sites. |
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But those thing can be explained fully in a single sentence to anyone who is confused. I'm saying that not only do people not understand namecoin, they don't understand anything in your explanation.
My explanation wasn't an explanation of namecoin. It's a description of different ways it could be used. If someone asks me what namecoins are I say "It's a system for registering a special type of domain name". Still an arbitrary 99% of people do not understand what is a domain name let alone what is the value in a "special type of domain name". If I tried to guide my grandafther over the phone on how to access a .bit domain I'd be spending the good half of a day on the concept. If I tried to guide him to download the bitcoin client so he can create a wallet, that will take about a minute. Even less for me to send him 0.05BTC as a test. |
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Password recovery is not an issue to me as it takes user error in the first place. Don't lose passwords and it won't matter.
If you used Mt. Gox in the past then your password has already leaked onto the web in the accounts.csv file. Granted, with current technology it will take long to crack (if you made it long enough) but it was certainly no user error, and there is nothing you could have personally done to prevent it. I'd treat it as gone for good & stop using that pass everywhere. |
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Tradehill International transfer fee: $45
A bad joke? How are they going to compete with Mt. Gox which has free withdrawals? AFAIK mtgox didn't offer international wire withdrawals at all. You'd have to use Dwolla or LR or other such US-specific nonsense I'd never heard of before starting with Bitcoin. I've recieved dozens of international wire transfers from Mt. Gox at $0 fee. Last one just 2 days ago. |
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Ya, got accepted ~12 hours ago. Pass has 20+ variating case letters, numbers, special chars etc.
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Don't listen to stuff you read on forums or that "Traders" tell you.
> 85% are clueless and lose money.
I have better advice: >Listen to the 15% that aren't clueless And have something to spend for yourself as well instead of saving up for an inheritance to leave behind. |
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If you truly hate spam that much, why did you GIVE your precious cloistered email address to MtGox, instead of using a one-time throwaway, or trackable email? It's because you are LAZY, and expect others to do the hard work of IT security for you, isn't it?
Guess what? If you used a disposable email, you aren't getting your Mt. Gox account back. Sucks if you actually had money or bitcoins there. Not so much if your total wealth is 2 bucks & you spend all day spamming ref. links and pyramid schemes on forums because you're too cheap to actually do something to earn it, like trading or mining. |
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The problem with namecoins, in my opinion is that people just don't understand them. Are they meant as a currency? Are they meant as a reserve or token of web addresses? Whenever someone explains it, they go into DNS servers and stuff like that. Regular folks understand coins, transaction fees, confirmations, etc... Only webgeeks understand DNS; I know I don't.
This is exactly why namecoin will remain forever just a 'project' like a small Linux distribution, and Bitcoin will probably reach great adaption like Ubuntu. The masses have to understand what you are proposing to them. The moment you start talking about DNS seizures and ICANN, you alienate 99% of the population. If you explain you can create an anonymous wallet in 20 seconds & recieve money into it, that's a much easier concept to sell. |
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If it keeps rising to about 3-4m it will already be pretty unprofitable at current exchange rates to most small miners.
I'll halt mining if it rises to ~8M but prices stay at current levels, just wont be worth it, except as a speculative investment into the long term value of bitcoins
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-You can fit up to 4 of them for a total of 8 GPU's on a big motherboard
good luck getting opencl to run on more than 4 gpu cores Works just fine |
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Do you want to make money by adjusting price, or stubbornly price a 6.3% performance increasing miner at BTC worth $2,000 dollars (or two full rigs with 2x 6990) ?
I operate ~40 GPUs in datacenter and wouldn't pay even 20BTC for this software based on current exchange ratio to fiat.
Your software is good.
Don't ruin your chances to profit from it by setting a ridiculous price or refusing to accept current economical realities; It will take years to pay off the investment even for huge clusters.
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Seriously why would people buy 6990 when its so freakin expensive
Let's compare to two 6950/6970's: -Takes only 1 PCI-e slot -You can fit up to 4 of them for a total of 8 GPU's on a big motherboard -You don't need two computers to run a big amount of GPU's -You save by not having to buy another (or multiple) motherboard, power supply, processor, cooling, RAM -Consumes 375W at stock 450W in OC mode; two 50/70's consume 500W in total without any overclocking (much more if OC'ed) -Better resale value So it's actually a bargain and one of the best, if not the best mining card for large clusters. Of course it's not the best card if you only intend to run one PC and earn a few bucks per day. I however bought 10+ because of the above qualities. |
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