Banned for being confused about a banned rhino that somehow isn't from Africa
Banned because you forgot about the very rare Indonesian Rhino. Banned for previously skipping somebody else's reply. Banned for being an animal banned cause i misread your name as btclaire, and i like the name claire... Banned for disclosing personal fetishes in this thread - might want to keep that in the NSFW threads. |
|
|
|
Make in US used to be something to be proud of and people used to avoid "make in Japan".
Guess time have changed.
The quality of the American products have slipped quite considerably (due to a large number of reasons such as taxes, unqualified staff.etc), while that of the Japanese products have remained constant. I would agree with that assessment. 15 years ago you would buy something made in china and you would curse at the horrible instructions and shody quality. While today's stuff made in American may not be called shody, it certainly is not fine craftsmanship. Even the manuals are horrible - they're in English but they don't make sense, and skip obvious steps, and the diagrams are pathetic. Look at the ASICs coming out of BFL and compare that to the stuff Bitmain is putting out in China... so sad. |
|
|
|
If a super massive CME struck the Northern Hemisphere and wiped out 75% of life on the planet, would cockroaches use Bitcoin?
Well Josh Zerlan used it to buy his house, and since cockroaches are more complex creatures then him, yes they would use Bitcoin. |
|
|
|
Nobody told me I need a server to mine, just have one sitting there and my first ASIC rigs on the way is what I mentioned. Specifically the r-box newest gen... This is a question of operating a server as a host for other miners/investing, I guess, as well as running my own ASIC rigs, also about making your own pools but need server and such.... I am new, like I have mentioned but always learning:). I appreciate any input/advise and thank you.  Well you could use your server to host a pool but that would require quite a bit of low latency bandwidth, tons of time (I mean tons if you want the pool to succeed), and the electricity to support a powerful miner. If you're willing to donate bandwidth and electricity you could always run a Bitcoin node - which simply means leaving Bitcoin-QT running so you can relay the blockchain to other people - that would help support the network. |
|
|
|
If you have done "quite a bit" of research then you should have realised that laptops are not useful for any mining.
And since $4 is about 0.068 BTC then 68000 days is as good a guess as any.
Omg really? didn't knew it was that hard to mine. Well it didn't used to be hard to mine. When Bitcoins were worth a few pennies each you could mine hundreds on a laptop and even then people tossed their wallets away because it wasn't worth the effort to try to sell 200BTC. Since the price has multipled over 10000x the difficulty has increased 10000x to match. Except now Bitcoin is even more popular so you can't even mine pennies on a laptop. You can check all the historical bitcoin mining difficulty in https://docs.google.com/spreadsheet/ccc?key=0AiFMBvXvL2dtdEZkR2J4eU5rS3B4ei1iUmJxSWNlQ0E#gid=0Current difficulty is 18,736,441,558 while two years ago it was 2,036,671 Current price is $560 while two years ago it was $9 So, difficulty has increased 9200 times, and bitcoin price has increased by only 62 times. Yep, that's why mining is now only good for the people selling the miners. Obviously we need miners to support the network, but miners are probably don't it at a loss (at least most end users). |
|
|
|
So I am new to bitcoin/mining. Waiting for my first as ASIC miner to come in mail. Not sure if this right topic or spot to ask, but have been researching and found that having your own dedicated server is best if you where to mine?... Understanding equipment cost +/- $k, but in this case I am currently living with my fiancé and parents who had a call center business not work out  and currently own a Dell PowerEdge 2900 with 48g ram 6T SATA just sitting there for past year and a half  (also cage and racks in storage all server room equip.). I guess question is (we have fam member that know how to setup and what not), is this the better route to go? or other means (pools or personal)?...I appreciate any feedback. Thank you. I'm not sure who told you that you need a server to mine. With current ASIC mining technology you not even need a single computer to mine as some ASICs like Bitmain's S3 connect directly to the pool with an ethernet cable. Other miners require some basic control either through a raspberry pi or a basic PC but you don't need a server level machine. |
|
|
|
Electricity around here for 200 years, and no solar flare yet.
It really we have 12% change of this happening by 10 years, think we should face that flare thing already some time ago
The Earth has a self defense mechanism thanks to its own ferrous core. Should the flare release enough energy to overwhelm the fields dampening capability - well then don't stand next to your toaster. It's not an IF, but WHEN. |
|
|
|
Hello ! i'm new in this big world of cryptocurrency , i want to start mining just for fun ,, for undestand how this work ... can you explain me .. How can i get start ??
I have a simple Personal Computer .. WIndows xp 32bit dual cpu ... Which software i need or can i to use (miner) ??
which cryptocurrency can i mining ( i do not give a ... if i do not earn $ i think it's impossible with my tech ) but just for fun ..
32-bit OS - that pretty much excludes any modern CPU or GPU mining like Cryptonote. Sorry OP, but you would need a newer OS to be able to mine any decent CPU based crypto. |
|
|
|
cool, thanks for the response. so all the profitability calculators are way the f**k off? mine pooling would be better off, and if the difficulty doesnt increase so drastically in the short run, assuming a $550 coin or higher, would i break even at say 1 or 2 month like the calculators say or not?
Pool mining is the same idea as buying a lottery ticket repeatedly with 50 million other people.Lol, that's the same scam that put Sonny Vleisides and his cohorts in prison a few years back. Of course they were just spending the money people sent them and didn't actually buy lottery tickets. Wait I don't think pool mining is like buying a lottery ticket, in fact I think it's the opposite. If you solo mine, then YES that's like a lottery ticket but in a pool you'll get a steady return as long as the pool is big enough. The lottery aspect comes in because the difficulty is unknowable and if it goes up big then you're screwed. You've misunderstood DrG. He/she (I assume DrG is female because of the avatar, forgive me if wrong) said that pools are like buying lottery tickets with millions of other lottery players... you're going to win often but you'll have to split the winnings millions of ways. Hehe, I'm a dude. I used that pic because my kid wanted to see mommy when her mom was out of town. |
|
|
|
cool, thanks for the response. so all the profitability calculators are way the f**k off? mine pooling would be better off, and if the difficulty doesnt increase so drastically in the short run, assuming a $550 coin or higher, would i break even at say 1 or 2 month like the calculators say or not?
Pool mining is the same idea as buying a lottery ticket repeatedly with 50 million other people.Lol, that's the same scam that put Sonny Vleisides and his cohorts in prison a few years back. Of course they were just spending the money people sent them and didn't actually buy lottery tickets. Wait I don't think pool mining is like buying a lottery ticket, in fact I think it's the opposite. If you solo mine, then YES that's like a lottery ticket but in a pool you'll get a steady return as long as the pool is big enough. The lottery aspect comes in because the difficulty is unknowable and if it goes up big then you're screwed. Pool mining is a lottery. Just sit there on Ghash, BTCGuild, Eligius, Bitminter or any other pool and hope one of the guys in your pot gets lucky and finds the winning ticket. Ghash is buying 43K tickets, BTCGuild is buying 10K tickets, etc. It's just the lottery winnings are so reliable and diluted across many users. Instead of calling it a lottery - we ascribe the term variance to it - but it all comes down to luck if you will. If pool mining was steady return, then why is everybody upset at the 2nd largest public pool (BTCGuild) not returning a steady return? Because they haven't been winning the luck lottery for 3 months is why (besides the withholding attack). |
|
|
|
In economy/service announcements / discussion.
As noted above. Also since Bitcoin functions as a currency in some ways, just do your current job and use fiat to buy Bitcoin on an exchange. You're still earning the coins - just not directly. |
|
|
|
|
Fakhoury - are you trolling or legitimately asking if this is a good idea? Every person on this forum would tell you a resounding NO to your plan.
If you don't understand why please spend 30 min to 1 hour of your time and read the threads about cloud mining, Cex in particular. All you are doing is giving cloud mining companies more money to centralize the network - it hurts Bitcoin and you lose money to a company.
|
|
|
|
At 5W/GH/s they're running more expensively than Avalons and BFl 65nm gear - which can had for more or less free nowadays. Thanks for the review but this item is dead before it even hit the shelves.
if this is 110/130nm technology efficiency doesnt matter much - consider it as a small-batch test of thier design. If they go and replicate into 28nm they could catch up to the market quicly, and the review indicates a stable unit once mining. For a company like biostar playing catchup will be easier than it was for bitcoin manufacturers to oranise and fund thier first die-shrink who knows - maybe a BTC-240GH is on the horizon at the same power draw (would require 28nm assuming this was 110nm) I was under the impression from other EEs on the forums that shrinkage required quite an extensive redesign rather just switching the manufacturing process. If it's not too involved that maybe a quick jump to 28nm with a good design would put Biostar into significant competition with the current ASIC leaders. |
|
|
|
Are there any ASIC companies out there yet that know how to lick a stamp and get gear in the mail?
Possibly working gear?
I heard BFL wins bets and is able to ship miners without even paying for postage - ask LukeJr about this! The remaining viable companies are getting better at shipping in-stock items - the question is whether or not it's worth buying. |
|
|
|
cool, thanks for the response. so all the profitability calculators are way the f**k off? mine pooling would be better off, and if the difficulty doesnt increase so drastically in the short run, assuming a $550 coin or higher, would i break even at say 1 or 2 month like the calculators say or not?
Pool mining is the same idea as buying a lottery ticket repeatedly with 50 million other people. You will win every week but only a small amount. Mining solo is like buying 1 lotto ticket - most likely you will loose. Mining calculators are merely stated the expected return at a pool. Unless you have millions of dollars, assume you will be pool mining. The calculators simply use the numbers we plug in. If you think everybody else on Earth is enthusiastic to mine then assume 20% increase every difficulty. If you think some people have their heads on straight or are very pessimistic you can assume 5% growth. The reality is somewhere in the middle and will bounce from period to period - sometimes 30%, sometimes 3%. |
|
|
|
thanks all for replay the power cost per kw = $0.325i'm planning to work on slush pool, i don't know what is the difficult rate but i will get a high discount on this miners also i have good knowledge in linux, networking, and technical.. the calculations above is based on www.bitcoinx.com/profit/ resutls Wowza. You're almost at bad as me. I had actually to avoid running GPUs at home in 2011 and 2012 because my power was so expensive ($0.35). I missed on about 100BTC because of that. You will never be able to run any kind of miner with a profit with that electrical rate. You should consider either using colocation services or just skip mining entirely. |
|
|
|
how much to buy an sc miner 60 gh/s
If you're in the Los Angeles area I have 5 left I can sell each one for $50  Honestly it's not worth it unless you have free power. The SC Miners are horribly inefficient compared to what is out now. Oh c'mon now, just give them away! Fine, it's the last of my ASICs, so I'll do $15 per SC Single . I have free power but I feel bad sucking down 1500 watts to make $5/day over 5 Singles. |
|
|
|
Have been using Eligius but want to make the most amount of money for the small investment we have. What are the suggested pools, and is there a place to compare the potential differences on what you can make daily on avg per pool?
Thanks!
In the long run there won't be much difference in payouts between the different pools. Some charge fees, others don't. You could always set your miners to load balance across a number of pools to diversify your hashing power. Here's a good thread that shows a long-running experiment on three different pools (BTCGuild, Eligius and p2pool): https://bitcointalk.org/index.php?topic=416933.0Awesome, thanks! I guess that's in January so not too far behind but yea looks like that answers my question. I wish I had that many miners back then....ha. So are they all the same type of pool, like PPLNS? Why are there so many people on Ghash? I personally would never go use them, but interesting non the least. Yeah, having about 3.6TH/s 6 months ago would have been nice  (About 56 BTC nice). BTCGuild is PPLNS (I believe they had a PPS pool previously that you could mine for a fee... I'd have to let someone else clarify here) P2Pool is also PPLNS, but works based on a share chain. When a block is found, payouts are calculated for the previous 8640 shares. Eligius is a variant of PPS (CPPSRB) that wizkid devised. Why are so many people on GHash.io? I don't know... why do so many people use Microsoft products? Some things just defy logic Off topic but it ended up, for me at least, easier to undervolt and adjust card speeds and settings in Windows than it was in BAMT. Linux required flashing the cards while with Windows I was able to go from stock to optimal settings in about 3 minutes. Came in handy when switching between SHA/Scrypt and now other algos. |
|
|
|
Get a 1500 watt psu and hook like 4 to it... Save a lot of space and trouble..
There are a lot of people who would never even be able to order a 1500W PSU due to it being out of stock or not even available in their area of the world. It might be reasonable to get an 800W or 1200W and hook up 2 or 3 respectively, but 1500/1600W PSUs are sometimes hard to come by. Besides the availability of such PSUs, the prices they command are unreasonable. An EVGA 1300 G2 can be had for about $175 on Amazon. The EVGA 1600W PSU is about $350. I'm pretty sure I'd rather have 2 of the 1300W units for the same cost as one of the 1600W units. Another thing to consider is the power from the wall. If you're in the US and plugging it into your typical wall outlet, and there's nothing else at all on that circuit, you can pull a max constant load of 1440W before tripping your breaker (80% of 120V/15A), which renders the 1600W PSU a worthless investment.You won't trip the breaker at 80% of max load. The general rule is for continuous applications, like mining, is that the load is not to exceed 80% of the maximum. Short term items like microwaves can still use the max for a couple of minutes without tripping. 1/3 to 1/2 the households have 20A wiring now, so the 1600W isolated is usable - of course you could always use 240V. |
|
|
|
For those new to BItcoin you should really check it out it's called http://easilybitcoin.com it allows you to purchase physical giftcards that represent btc and you can pay by credit card, bank transfers, no photo ID or stupid verification process required., you can send them to anyone, including yourself, and cash it and get the bitcoin within an hour of receiving it. Yeah those stupid verification processes. Who the hell wants that. Us thieves need to be able to run these credit cards quickly and drain them to BTC as fast as possible  Obvious scam is obvious - next time at least use a spellchecker. |
|
|
|
|
Show Posts
