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Author Topic: How many newbies are mining?  (Read 22482 times)
Byung
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June 15, 2011, 07:41:15 PM
 #141

I am just about to jump onto the bandwagon Cheesy luckily in my rig right now I have crossfired 5850's
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tehcodez
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June 15, 2011, 07:43:22 PM
 #142

That mining dog has gone to hunt. If you haven't started, don't.

Given the difficulty, only btc to be mined now is by miners who already have rigs.
Slab Squathrust
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June 15, 2011, 07:45:59 PM
 #143

I am mining.  Got two 5870s running 24/7 using free electricity! 
btcash
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June 15, 2011, 08:08:21 PM
 #144

I think it is a waste of time and energy to start minig.
Difficulty increases 50% every every two weeks and makes new hadware unprofitable.

The only way for newbies to profit by BitCoins is daytrading or longterm investments.

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June 15, 2011, 08:59:25 PM
 #145

haha yeahhh it's not that smart to go drop a ton of money on equipment if you don't have free elec...

BUUUUUT

I did do something with questionable ethics and i honestly don't care, but i'll do anything in the name of "science" and experimentation Smiley

Go to Frys Electronics, buy the equipment you need to mine for some serous time, mine for 28 days and return your equipment for full price, minus the intrest you accrued on your CC.

BOOM instant profit, no investment other than elec and intrest.  That'll get you your first high end video card...

at least that's how i did it...

but i already had an amazing mobo and 1200 W psu sitting around....

not a suggestion but just a way to get things done...

rules are there to protect the people who don't understand when to bend them...
computerparts
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June 15, 2011, 09:33:04 PM
 #146

haha yeahhh it's not that smart to go drop a ton of money on equipment if you don't have free elec...

BUUUUUT

I did do something with questionable ethics and i honestly don't care, but i'll do anything in the name of "science" and experimentation Smiley

Go to Frys Electronics, buy the equipment you need to mine for some serous time, mine for 28 days and return your equipment for full price, minus the intrest you accrued on your CC.

BOOM instant profit, no investment other than elec and intrest.  That'll get you your first high end video card...

at least that's how i did it...

but i already had an amazing mobo and 1200 W psu sitting around....

not a suggestion but just a way to get things done...

rules are there to protect the people who don't understand when to bend them...

You reap what you sow. Just pray they don't find out what you're doing.
jalidi
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June 15, 2011, 11:44:15 PM
 #147

First found out about this like first week of June.

Wish I had known about it earlier, but I've been running my 6970 since about the 8th when I figured out pool mining.

Sucks that the difficulty went up, I went from 2/3's of a coin just under 1/2 a coin a day, running about 380 Mhash/sec.

Even coming in at this late stage in the game should let you recoup at hardware investment costs. I'm building a new Crosshair V system with three 6970's (maybe 1.2 Ghash/sec) and I'm fairly certain that I'll break even on it and have a nice gaming system all paid for in the end if the market doesn't totally collapse between now and the end of the summer.

I was debating solo mining but I think I'm going to stick to pooled mining after the difficulty increase. And it's going to increase every two weeks, they say? The party is not yet over, but we're definitely late. Enjoy it while it lasts. Smiley

I am the proud miner of 20 BTC since June 9/2011!
Minting with 3x6970 (1.2 GHash/sec-x86 win7 guiminer)
Help my mighty pile of coinage grow: 1KseGadiZnuFoHoYkQJpFSwoVHWCs54e3
Adiamante
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June 16, 2011, 12:09:39 AM
 #148

Yeah..I downloaded some of the software (Bitcoin,GUIminer) a day ago and set it loose, but I'm not sure if it even working. I know I have an ATI Radeon 4200 card, but not sure if it even being used.

I'll do a booty wiggle for a free Satoshi   ( (( (( )))) (((( )) )) )

http://www.tradehill.com/?r=TH-R17815

1MXyJ8YV8VGKatnZ3fSjng11RNFSUugJg8
Phuimin
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June 16, 2011, 12:11:30 AM
 #149

I first found out about Bitcoin sometime during early winter, back in 2010. A friend at my university told me about it, and managed to get me interested. I put my server computer to work and mined for a while before I got too lazy about it, thinking it wasn't really worthwhile. Now I regret that decision.

Since then, I 'rediscovered' Bitcoin early this month, as the value had increased by quite a bit. I set two computers to mine, one with a 5870 and another with a 5850, but I was in a bit of a hurry to go visit my parents and attend a funeral, so I was unable to optimize the setup properly before I left town. Regardless, I can reach roughly 600 - 700 (5870 at 310 - 360, 5850 at 290 - 340) megahashes per second without a lot of optimizations, so there's that. Tomorrow I'll finally be returning to my own apartment, though, and I can start fiddling around.

I managed to set this up on 11.06.11, but there has been some downtime every now and then. Regardless, I've managed to acquire 2.5 bitcoins since then.

Donations! 1N8iqeXZSkWJFLvugLjHmoENXqjqQ3iLzF
Travis
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June 16, 2011, 12:17:02 AM
 #150

I'm not, don't have the proper hardware. Maybe I will in the future if I ever upgrade to a nice gaming rig.
bentov
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June 16, 2011, 12:38:56 AM
 #151

I was planning on starting tonight, but I'm having a problem with getting diablominer to work with my mac pro...4 more posts to go...

--bentov
88bitcoins
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June 16, 2011, 12:41:01 AM
 #152

I am mining.  Got two 5870s running 24/7 using free electricity! 

I just started mining too (with two 5830s), but have to pay for electricity :-(

Even so, imho it's still worth mining - at least for me I can always use the equipment for actual graphics work.

I've also ascribed to having multiple sources of income. At one point, all my little streams of income amounted to a decent monthly income. It's surprising how $100-450/month on multiple monthly incomes really add up.

I opted out of corp/mainstream work and lifestyle a while ago and have never regretted it. Bitcoin mining is just another (little) stream for now.
Adiamante
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June 16, 2011, 12:42:14 AM
 #153

I have been mining about 40%? of the time for 11 days. Received .76 bitcoins so far.
I pool with mining.bitcoin.cz as it's not practical for hobby miners to mine solo.

My setup is a single GTX460 that mines when im not playing vidya games Smiley

I have spare boards and psu's, as well as a 8800gtx and a hd3850 from older computers that I have started to rebuild to mine.

http://i55.tinypic.com/fc430z.jpg

Also, I mine (process transactions) to contribute to the bitcoin community. It's a win/win Cheesy



What is that compared to an ATI Radeon 4200? My window shows the same amount of blocks as yours but only 8 connections and nothing in the display. Mine just looks..well..blank. I have a feeling that I may have set mine up incorrectly.

I'll do a booty wiggle for a free Satoshi   ( (( (( )))) (((( )) )) )

http://www.tradehill.com/?r=TH-R17815

1MXyJ8YV8VGKatnZ3fSjng11RNFSUugJg8
Phuimin
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June 16, 2011, 01:44:22 AM
 #154

... large image here ...

If you really are paranoid about those transactions, you should blur the dates and times as well. They could be used to track down these transactions on blockexplorer. It wouldn't be easy, of course, but it's doable. Still, if you want to remain safe. You know. You can never know who could be out to get you.

Donations! 1N8iqeXZSkWJFLvugLjHmoENXqjqQ3iLzF
Auspician
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June 16, 2011, 01:48:47 AM
 #155

Just started mining a couple weeks ago.  Finally got my duel non-reference 6950's set up, mining 555 Mhash/s.
kuloch
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June 16, 2011, 01:49:20 AM
 #156

I've occasionally read about Bitcoin over the past couple months on Slashdot, so yesterday I figured I'd start playing around with it.  Conveniently, I have a Radeon HD 5850 that usually sits idle.  I have just over 0.1 BTC from slush's pool after mining most of today (with another 0.1 in estimated + unconfirmed), and nearly 0.03 from being on deepbit's pool for a while last night.  Not getting rich any time soon, but I'm curious to see how this all pans out.

I'm curious how many of the hardcore miners over the past several months have blown out their video cards.  I went with the suggestion of underclocking, dropping my memory speed from 1000 Mhz to 500 Mhz and the core from 725 Mhz to 550 Mhz.  Dropping the core speed gives me a performance hit, but is that worthwhile to further keep temperatures down?  I know that excessive heat is often what kills hardware that's pushed for performance.

YinCoin YangCoin ☯☯First Ever POS/POW Alternator! Multipool! ☯ ☯ http://yinyangpool.com/ 
https://bitcointalk.org/index.php?topic=623937
Bwincoin - 100% Free POS. BCc7XkRRbzy7cJkg4QTrA7JzseTAHgmc2A
somebadger
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June 16, 2011, 01:50:10 AM
 #157

you can +1 since i'm a newbie miner Tongue

http://pool.betcoin.co/banners/1.sig.png <-- Click here to join me Smiley
--
Have I been helpful ? Kick some coins over to 1BLkDhijWne8dAhK4TA9dceUC6C6K6Fite Smiley
Tim the Magician
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June 16, 2011, 01:56:51 AM
 #158

I'm planning to start mining this weekend.. I have a lot of computer parts laying around but I unfortunatly always favored Nvidia cards.. I've an ATX card and some fans coming from Newegg this friday so I'm going to try mining out.  Its too bad all the good cards are so hard to get.  Tongue
Chimel
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June 16, 2011, 02:08:33 AM
 #159

Been mining for a few days only, since the recent media articles on bitcoin.
My Nvidia 8800GTX was the shit 4 years ago, at $500-600, but it mines at only 26 MH/s, miner software are optimized only for Radeon's stream processors, not Nvidia CUDA.

I was planning to build a new PC later this year, might as well do it now, using Radeon cards this time.
I'd love to use 2-3 6990s but they are out of stock, so I'll aim for 1 GH/s instead of 2.
Tim the Magician
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June 16, 2011, 02:20:28 AM
 #160

I was planning to build a new PC later this year, might as well do it now, using Radeon cards this time.
I'd love to use 2-3 6990s but they are out of stock, so I'll aim for 1 GH/s instead of 2.

I know.. every card I look for is sold out everywhere.  I hope its not all bitcoin miners buying them all because the difficulty is going to go through the roof.

I'm building a mining rig now.. I already had a pretty decent gaming PC but with an Nvidia card so I am not even going to try mining with that.  Plus its got way too much CPU and hard drives I don't want to burn up.  It seems like purpose built miners where you downclock everything but the GPU to save watts is the way to go.
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