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1001  Other / Beginners & Help / Re: Golden Age of Mining on: August 10, 2011, 12:55:58 PM
Hard to tell, because in the beginning could easily be mine, but the hardware did not have a value as accessible as today. The price of BTC at the beginning was too cents.
If I could turn back time, would have mined since 2009, and sold 90% of the coins on June 8, 2011, when the price of BTC exceeded U$ 30.

 Wink

Imagine if you bought 10000 bitcoins between $0.02 and $0.10... Your <$1000 investement would be worth >$100'000 today :O

1002  Other / Beginners & Help / Re: Golden Age of Mining on: August 10, 2011, 12:27:12 PM
And those miners are getting a lot of sleepless nights worrying about their wallet.dat file.

Must be a nightmare if you have $100k+ in bitcoins and it is all dependant on you keeping one 256bit private key secure.
What is more you have no real "Police" or "Courts" to help protect you (as they do not understand bitcoins).

Also you have the dilemma of sell or not!

Luckily I only have 1.62 bitcoins that I bought just to try the whole thing out - so I really do not care if someone finds out my private key!

I think I'd be perfectly happy knowing I had a $100k wallet.dat and would not be losing any sleep over it at all Wink

Personally, I'd split the coins out over a few dozen wallet.dat files and keep them all on different USB drives in various places to reduce the risk of failure, loss or theft!

If I had $500k in bitcoins (at today's exchange rate), I'd sell maybe half and keep the rest, and buy gold bullion & real estate with the $250k. Diversification is key!
1003  Other / Beginners & Help / Re: Golden Age of Mining on: August 10, 2011, 09:36:27 AM
Probably end of May 2011, right when the $ value of the BTC started to ramp up all stupid-like.  I know a lot of people will say 2009 or early 2010, but those periods, while you could mine hundreds of Bitcoins per day on a Core2Duo, weren't nearly as profitable as they are today even with the recent diminished exchange rate.

Hundreds of coins per day?

Even if that's only 10% true and you could make 50 coins per day I'm literally foaming with jealousy.

If anyone was clever enough just to keep all their coins, they could be millionaires by now Shocked
1004  Other / Beginners & Help / Re: Trust No One on: August 09, 2011, 12:36:21 AM
I don't get it. How can people be so trusting with bitcoins?

Treat BTC like you would real money. Hell, you probably bought them with real money anyway; if you didn't, you mined them with computer equipment you paid real money for. You wouldn't play fast and loose with your bank account balance or credit cards, would you?

I get you, but if anything, my bitcoins are far far more secure than my real money is.

My real money sits in a brown piece of leather in my pocket, or more often than not just lying on a table somewhere. Anyone could take it and run off with it and I'd have no hope of getting it back.

The money in my bank is somewhat more secure, although it doesn't take a genius to watch me type in my PIN and steal my ATM card.

I guess I'm a little fast and loose with my coins, storing them here there and everywhere across maybe a dozen or so exchange websites rather than on my own wallet, but I don't really have that many at the moment, probably less than 30 coins all told.

If I were to rack up several hundred I'd probably make a handful of encrypted wallet.dat files and back them up a few times like the OP says. I'm not sure about mailing copies here there and everywhere, that seems a little over the top. It would certainly suck to forget the password to them though!
1005  Other / Beginners & Help / Mining with Nvidia GPU on: August 09, 2011, 12:26:24 AM
Just thought I'd start this thread as 99% of the posts on this board seem to be from people asking why they are getting poor hash rates on a Nvidia GPU.

Dear people with Nvidia GPUs. Your hardware sucks at bitcoin mining, period. Yes, it might be a very fast and powerful gaming card, and yes, when it comes to folding, Nvidia GPUs always beat ATI. But for this particular task, ATI cards are far far far superior in every way.

If you really seriously want to try to make some money mining, sell your Nvidia card and get an ATI one.

Put it into context. A Nvidia GTX580, top of the line card that costs $$$, is roughly about as fast as an ATI HD5750, a budget card you can pick up for less than $100.

You could sell a GTX580 and buy 2x HD5850s with the money, put them in crossfire, quadruple your hash rate, lower your energy usage and still have some cash left over.
1006  Other / Beginners & Help / Re: Intrinsic worth brainstorming (or, putting a price floor on BTC) on: August 09, 2011, 12:15:10 AM
Something is only "worth" what others are prepared to pay for it.

There is no intrinsic value to a Bitcoin, it is even more imaginary than actual money is.

Sorry but there can be no price floor.
1007  Other / Beginners & Help / Re: What's your Mhash/s? (Pissing contest here) on: August 01, 2011, 10:27:54 PM
Just tinkered with the overclock a little.

Memory down to 1000 (the lowest ATI Catalyst Control Center will allow  Roll Eyes ) and GPU up to 900, any further and it seems to lock up.

I can get a stable 181Mh/s out of it at those settings but the fan is pretty loud.

I shall have a go at taking the memory clock down as low as it can go tomorrow and see if I can lower the temps a little.
1008  Other / Beginners & Help / Re: What's your Mhash/s? (Pissing contest here) on: August 01, 2011, 08:15:18 PM
171 Mhash/s using GUIMiner v2011-07-01

HD5750 (720 cores) overclocked a little with stock cooling in a small Dell desktop case, so not really a mining "rig" just trying it out Smiley

The card is pretty efficient, only uses 90W with my modest overclock applied, so I think I'm getting a decent Mhash per watt?.

Definitely feeling the room a lot warmer though Tongue
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