Not really. You use BTC to buy shares, just like you use USD to buy shares of Apple. However, there is no guarantee that those share values will stay the same. They may rise, they may fall. So you may have bought 1 AM-PT share at 1.2 BTC, but in a year, that share may only be worth 0.6 BTC. It's all speculation, and with that comes risk.

WARNING: I void warranties!

http://www.invisiblerobot.com/pcie_x1/

I have 3 XFX 7970 Blacks with a stock core 1000 and memory 1250. Using BFGMiner 3.0.2, Catalyst 13.1, Win7 x64 I get about 600 MH/s per card. I run them in a milk crate with x16 riser cables, and they hit about 70C with an ambient temp of 20C.

The only settings I use with BFGMiner is -I 13 --gpu-memclock 1250. I can't seem to get the memclock lower, system crashes. If I bump the core clock to 1050, also crashes. So I'm happy with what I have thus far.

Other users have also disassembled the heat sink and reapplied thermal paste, as some report shoddy jobs by XFX. Temps seem to have improved for those users afterwards, but be warned you will be voiding your warrant with XFX if you do this.

@mjsherman - thanks for the manual payout, has been received!

@mjsherman - sent you a PM about manual payout if possible. Thanks!

WK - sent you a PM about manual payouts if possible. Thanks in advance!

Great replies everyone! Certainly more to think on. Wonder what would happen to old AM/AM-PT shares once next gen product comes out, lol!

Hmm, so ...

1 share AM-PT costs ~ 1.2 BTC currently and generates 0.007 BTC/week. Since BTC is about $116 USD currently, if you spend $139 USD to buy 1 AM-PT share, you would earn 0.007 BTC/week.

I have a miner consisting of 3x 7970 that generates 1.8 GH/s, which at current difficulty generates 0.09 BTC/day or 0.63 BTC/week. This rig cost me about $1500 USD to put together.

So if we were to compare investments, spending $1500 on a mining rig would net me 0.63 BTC/week.

In comparison, spending the same $1500 USD on AM-PT shares (assuming 1 BTC = $116 USD, and 1.2 BTC buys you 1 AM-PT share), would net you around 11 AM-PT shares, generating 0.077 BTC/week.

Granted I did not account for pending 3% management fee from BTCT.co, nor for costs of electricity for doing your own mining, but wow ... hardly seems worth it to buy shares of AM-PT. Am I missing something?

Once is accidental. Twice is coincidence. Three times is conspiracy. Ever since the recent difficulty increase, my sense is that nearly ALL pools have been having "Bad luck." Of course blocks will take longer due to difficulty increase. But "luck" or CDF has been consistently bad for BitMinter, Slush, and it seems Bitparking as well.

The first two pools I know first-hand by mining and checking their pool's own stats. Their threads in this forum coincide with Bitparking users' own complaints of poor luck. Is this coincidence or conspiracy?

I'm not into FUD, but this is an interesting theory: https://bitcointalk.org/index.php?topic=27062.msg2017786#msg2017786

What does 0.6% mean exactly? If I bought 1 AM-PT share @ 1.2 BTC, then weekly I get 0.006 * 1.2 BTC = 0.0072 BTC/week?

Anyone know the approximate amount the weekly dividend from AM-PT shares are?

There is no contact info on Pooledbits website. Do they have a presence in these forums? How do we contact them if there is a problem? Scary ...

I saw those from Cablesaurus ... not sure with the molex connector is for. But this could explain a lot due to differences in power specifications:

"All sizes of ×4 and ×8 PCI Express cards are allowed a maximum power consumption of 25 W. All ×1 cards are initially 10 W; full-height cards may configure themselves as 'high-power' to reach 25 W, while half-height ×1 cards are fixed at 10 W. All sizes of ×16 cards are initially 25 W; like ×1 cards, half-height cards are limited to this number while full-height cards may increase their power after configuration. They can use up to 75 W (3.3 V/3 A + 12 V/5.5 A), though the specification demands that the higher-power configuration be used for graphics cards only, while cards of other purposes are to remain at 25 W.[10][11] Optional connectors add 75 W (6-pin) and/or 150 W (8-pin) power for up to 525 W total (75 W + 3×150 W)" from http://en.wikipedia.org/wiki/PCI_Express#Power

So by plugging a x16 card into a x1 riser, you're only able to pull 10-25W max from the PCI-E side. A graphics card might be expecting 25-75W, hence the instability.

I have 3x 7970 running CGMiner 3.1.0 off of Win7 x64, Catalyst 13.1

I get about 500 kh/s (per card) using:
--scrypt --shaders 2048 --lookup-gap 2 --thread-concurrency 8192 -I 13 --gpu-engine 1000 --gpu-memclock 1675

When I try the settings above by Wilderness, I drop to about 380 kh/s (per card). Not sure why my cards don't do well with those settings. Very odd.

Well I'm game. Just bought 1 share in ASICMINER-PT. Now let's see if I can dice up my share into small derivatives, roll those into like 100 different packages, and resell them on Wall Street. Oh wait, didn't someone do that with subprime mortgages already? [/sarcasm]

I do think buying shares of a mining corporation, and collecting dividends may be the future of BTC as ASICs slowly trickle into the hands of a select few. Too bad I'm only owning a pass-thru share, so someone already skims a bit off the top. But if BTC can be split into 0.00000001 pieces, why not shares of pass-thru? Then why not shares of the pass-pass-thru, and resell, and resell ... you get the idea.

Heat kills solid-state devices. The more you keep it cool, the longer the component will last. If you weren't mining, how long did you anticipate keeping/using your laptop for? If you wanted to use your laptop for 10 years, then you will likely kill your laptop faster with mining.

On the other hand, if you expected to use your laptop for 2 years, then there is a good chance that mining (without overclocking, and with good ventilation) will not affect your useable lifespan.

Don't expect mining at that rate to provide enough income to allow you to buy a new laptop 2 years from now though!

Your original question was "I want to mine with cgminer." - SEE ABOVE

Your second question was "Is this possible" - YES

Your third question was "It is recommended this miner for this pool?" - CHECK https://deepbit.net/help

As far as I know, CGMiner should work fine. You should pick a miner that works well for your computer.

Now with 8+ TH/s we should on avg be finding 16 blocks/day at current difficulty 10076293.

So far today (past 15 hrs) found 4.
Yesterday (during full 24 hr period) found 7.

cgminer -o http://pit.deepbit.net:8332 -u youremail@whatever.com -p yourpassword

BTC tipping appreciated lol!