I read a book called "The madness of crowds" which described the South Sea bubble, and other disasters. One man set up an office and made a share offering "for a highly profitable venture but no one to know what it is". He was flooded with people willing to put 20% down. He took a pile of cash on the first day and, not wishing to push his luck, cleared off with the loot on the evening boat to France.

Scammers must be all over this ASIC mining rig business. I would go pick up a rig in person. But paying up front seems too dangerous.

From the README

cgminer -o http://pool:port -u username -p password

I'm coming back to Bitcoin after a year or so. Found my old coins and was happy to note that selling them yesterday yielded way more than my rig cost me. When I started mining people said it was too late to get a return 

Yesterday I downloaded the latest cgminer and managed to install it on ubuntu - shockingly easy. How do I add my pool information?

Last time I was using deepbit. I have an account there. Just looking to see where I put in my user/pass and specify deepbit. When I did this last time I seem to remember there was a GUI - I expect it was on windows. Perhaps I'm just missing the X windows GUI.

Thanks.

BTW, I'm tempted to go to the US and buy one of the monster mining ASIC set ups. But reading around it looks like they aren't actually shipping?

You have never had a one dollar bill in your head. Your knowledge of their existence is limited to your experience of external stimuli. The epistemological status of dollars and bitcoins is the same to you.

 

Pick up your hand bag and clear off. Hundreds of millions of people don't even have access to banks. Bitcoin serves a purpose for some people.

I downloaded guiminer and it worked right away. Still no luck getting anything to work on my Ubuntu 11.04 setup. I get tons of conflicts with one dependent package conflicting with another (oh, if you invited him, then I'm not coming to the party!)

This is a real pity, as I want to switch from Windoze to Linux completely. I feel pretty much at home on the command line and in control of my system.

Have the rest of you had luck installing on Linux?

We have black outs in many places for like 6 hours at a time. But the voltate is constant (until it dies). I live in an area with fewer problems (the power company people must have families there) and also my building has a generator. I have UPS for the PC, monitor, external HD and also for the internet connection box. We still get power spikes, which can kill equipment.

Electricity at my factory is even cheaper. If BC was a money spinner I'd stash many rigs there. But it seems like that ship has sailed.

Thanks for the feedback everyone.

I pay $0.065 US per kwh here in Bangladesh, which I believe is pretty cheap compared with other countries. How much are other people paying?

I know electricity is far more expensive in the Philippines, for example, you can pay $0.274 per kwh in Manila.

Hi, I've been mining for a day on my rig which has dual XFX 6950s. Using this calculator

http://tpbitcalc.appspot.com/recalculate

I see that I can generate just a few coins a week with my (so far) unlocked and un-oc'd cards. At least electricity is cheap where I live at 6.5 US cents per kwh.

So far this has been a fun project.