Check out this video on youtube of some guy building a litecoin rig with similar motherboard... if you haven't assembled a PC before then you could pick up a few tips.

http://www.youtube.com/watch?v=L_dnTQ8xeV0

Not to mention the explosion of scrypt hashing power soon to arrive, those calculations are probably very generous.

Have you calculated the probability of ever finding a block with this setup?   Off the top of my head you will have much less than 1% chance of EVER finding 1 block and this is assuming you will leave the machine running for years. 

I can imagine after a full year of no results and also the increasing difficulty you will get fed up wasting money on the electric and cost of depreciating hardware for nothing.

I've been thinking about how pooled mining works, there are a couple of thing which have left me wondering how fair it all actually is.

1.  Is there anything preventing a (dishonest) expert coder from modifying his mining software, allowing it to only submit his work that doesn't discover a valid block for the pool, but when the time comes that he actually finds a valid block the modified software will disconnect from the mining pool and submit the block by himself, therefore he gets to keep the entire 25btc block....   It would seem like a pretty major flaw to pooled mining if this worked, so I'm sure there is something preventing it from happening, if so what is it?


2. Staying on the topic of greedy mining. I'm pretty sure I have read somewhere that it doesn't matter how many transactions miners include in each block, it shouldn't take any extra computational time to produce each hash, I don't understand that.   So again, if the same expert coder rewrote his mining software to only include 1 transaction in each block, am I correct in thinking this wouldn't provide any advantage over including the standard 100-1000 transactions in each block?

for a grid with prizes of 100BTC you are talking about over 10 billion pixels sold at 1 satoshi each to make the 100 BTC back

I really think you should be including a link to the source of your articles.

A couple of months ago I was playing around on cex.io... Then randomly 1.5btc arrived at my depositing address. I definitely didn't deposit it.  

I contacted the support team but they seemed even more clueless about it than me at the time.

Maybe something like this has happened to you, your money has been received by another account or something?

They are already taking pre-orders for the antminer u2 over at buy-antminer.com.  Link in my signature.

Haaha I've got that exact mug....

Well, if the announcement is anything about their new .com domain I will be thoroughly unimpressed.  We can see already they own it, and who in the right mind would ever launch a new startup if the .com wasn't available.

emm.. litecoin wallets?

I really hope it isn't, fuck litecoin.

So, for less than 30 million usd technically a new owner could step in and restore all mtgox balances and continue business as normal?  (i say normal, obviously would have a lot of trust to regain)   

Surely in the long term some smart investors would be all over that???

I'm having the same problem with a bitcoin withdrawal...

It's been 2 hours so far for btc withdrawal, I know it isn't that long especially if processing it manually, but when you need to spend the coin asap 2 hours delay just isn't gonna cut it in future.

EDIT: It arrived shortly after posting! I also got a quick reply to the email I sent.

Antminer U2 won't be shipping until the end of march apparently.

yes, use my link below.

is that a screenshot pasted onto the laptop screen or something? it looks messed up.

To be honest, I want next day delivery and certainly don't want to pay import taxes etc so I'm not going to order from USA.

So do you think that 500w psu won't give out enough power? or do u think it just isn't best to max out a power supply?

what about this 600w unit? would this be better for me?

http://www.ebay.co.uk/itm/600w-Power-Supply-Unit-Silent-Quiet-ATX-PC-Computer-PSU-600-Watt-/330920294518?pt=UK_Computing_PowerSupplies_EH&hash=item4d0c62f876

My antminer s1 arrives tomorrow and i still dont have a power supply.

Will this power supply work with it?

http://www.ebay.co.uk/itm/Sumvision-500W-Quiet-Silent-ATX-PC-Power-Supply-Unit-PSU-500-Watt-with-SATA-/201043054980?pt=UK_Computing_PowerSupplies_EH&hash=item2ecf199184

If not can someone recommend a similarly price one that will work from ebay!

Thanks

I have bought the antminer s1, just awaiting delivery now... I'd like it is someone can confirm to me or not will this power supply do the job....

it's 500w, the cheapest one on ebay.

http://www.ebay.co.uk/itm/Sumvision-500W-Quiet-Silent-ATX-PC-Power-Supply-Unit-PSU-500-Watt-with-SATA-/201043054980?pt=UK_Computing_PowerSupplies_EH&hash=item2ecf199184

If not, can somebody recommend a similar one, I don't really want to spend close to £100 on a name brand, I'd rather buy a cheap one that can be cheaply replaced if it breaks ( which i agree would be more likely with a cheap unit)

I thought it was 2040 we will started to enter the decimal amounts of bitcoins per block..

And i also thought the 21m was slightly lower than the final amount of coins produced... Can anyone back me up on this?

It should be simple enough to do the maths and work that out..

So technically all 5 answers are correct... Or in my case, only the last one!