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Author Topic: How many newbies are mining?  (Read 22516 times)
zdmas
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June 12, 2011, 07:27:55 PM
 #61

Been mining for a month....looks like the large increase in mining is going to cause a pretty severe difficulty correction soon.

Not just an increase in mining, but an increase in the quality of mining hardware. Currently about 9.71 blocks are being solved every hour, and the system is supposed to keep it around 6, so I think we'll see a pretty big increase in difficulty, but with the volatility of the market on Mt. Gox right now, we don't know if the value of mining will go up or down.
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BinaryMage
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June 12, 2011, 07:32:38 PM
 #62

I started mining yesterday, the same day I discovered Bitcoin. Not sure how profitable it will be, but I thought it would be fun to try. Personally, I think the heyday of mining is long gone, but there still is money to be made from it. The people who really profited were those who mined in the early days and kept their Bitcoins.

-- BinaryMage -- | OTC | PGP
finnthecelt
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June 12, 2011, 08:06:06 PM
 #63

Been mining since Wednesday.  Grin

I love it. I've learned so much in so short a time. Decided to get in when it was at $8.50 so running to $30 was exciting. The fall means nothing to me really.

Being involved in this in what I feel is still near the very beginning is fascinating. It's like wildcatting for oil and gold!!!
finnthecelt
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June 12, 2011, 08:11:24 PM
 #64

I started mining yesterday, the same day I discovered Bitcoin. Not sure how profitable it will be, but I thought it would be fun to try. Personally, I think the heyday of mining is long gone, but there still is money to be made from it. The people who really profited were those who mined in the early days and kept their Bitcoins.

No way. Imo, we are still near the beginning. What if BTC goes to $500 and you saved your BTC. What if you saved 1200 in a year?

If you had $600K in BTC would you feel the same way?
upisdown
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June 12, 2011, 08:29:26 PM
 #65

I started out mining, few day trials on each pool. After that I did some calculations and found for me at least and the equipment that I own that it just simply isn't practical.
gaoxing
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June 12, 2011, 08:43:32 PM
 #66

I found out about BitCoin 2 weeks ago.

The day after I found out about it I was already mining.

I am a programmer but learning about Gaming Hardware.

Seems those with a background in building Gaming Hardware
have the edge, so not exactly a level playing field, but all the
info it out there for those who look.  It would be more difficult
for a hardware head to learn programming

Pretty straightforward stuff, but want to get into liquid cooling to
increase overclocking
smackdaddy
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June 12, 2011, 08:55:03 PM
 #67

I wish I had been mining for a lot longer than I have, that's for sure!

finnthecelt
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June 12, 2011, 09:01:34 PM
 #68

I wish I had been mining for a lot longer than I have, that's for sure!

I know what you mean. I first heard about BTC over a year ago and summarily dismissed it. And how here I am again. Oh well.....at least I'm here.
allocater
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June 12, 2011, 09:06:47 PM
 #69

currently mining and trying to get my first bitcent (0.01)! At 10Mhash/s and 10% efficiency this will take a while, but I need 0.01 to withdraw it from the mining site. Then I will finally have my first bitcent in the wallet!
(my graphic card can not mine, it's a Geforce GT 230)
lemonz
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June 12, 2011, 09:20:10 PM
 #70

Also fairly new to mining... I found out about Bitcoin last Friday and started mining on Saturday.  Currently mining at a rate of about 3.3 GHash over at BTC Guild, and trying out 1bitc0inplz's bitp.it pool (although I've been having some troubles).

Currently running:
  • 3x 5050's @ 360 MHash
  • 8x 5830's @ 275 MHash
meighty
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June 12, 2011, 09:23:56 PM
 #71

Mining for a few days now. Only running about 32 Mhash/s so nothing special. I will admit I've been looking for an excuse to buy some new gear to upgrade my gaming rig. Looks like I'll be going ATI this time around.

http://www.minerware.com - Cost effective Mhash/s per Dollar
bustaballs
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June 12, 2011, 09:25:23 PM
 #72

I'm brand new. I just started mining yesterday. I'm running 205MH/s on a 6850.

legolover122
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Made a whopping total of 0.02 coin...


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June 12, 2011, 09:27:49 PM
 #73

i am mining.

i have made a whopping total of 0.02 coin.

The normal begging for a few coins through the signature trick :V
1CBz5rix6WLVS1xNXZgdi8tWMDATUXE7L8

Also selling TF2 hats and items. Send me a PM to see my offers, or make me one by viewing my backpack at:  *Link Removed*
(note: some items im not selling)
muyoso
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June 12, 2011, 09:30:56 PM
 #74

I am pushing 660Mhash/s with my two cards now, but will probably only be mining for 1 more difficulty increase.  With the bitcoin market as volatile as it is right now, there is so much more profit to be made buying low and selling high.  And I expect the difficulty increases to be MASSIVE, so that basically only the people who went all out are making any money off of it.

I drink it up!
meighty
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June 12, 2011, 09:31:30 PM
 #75

i am mining.

i have made a whopping total of 0.02 coin.

I'm at a whopping 0.23!!! ahah

http://www.minerware.com - Cost effective Mhash/s per Dollar
CovertAudit
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June 12, 2011, 09:32:28 PM
 #76

I have been mining for a few weeks now at 2Ghash
finnthecelt
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June 12, 2011, 09:37:59 PM
 #77

Also fairly new to mining... I found out about Bitcoin last Friday and started mining on Saturday.  Currently mining at a rate of about 3.3 GHash over at BTC Guild, and trying out 1bitc0inplz's bitp.it pool (although I've been having some troubles).

Currently running:
  • 3x 5050's @ 360 MHash
  • 8x 5830's @ 275 MHash

What 5830's are you using? I can't seem to squeeze that much out of mine. I haven't set up MSI afterburner yet....
muyoso
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June 12, 2011, 09:43:01 PM
 #78



What 5830's are you using? I can't seem to squeeze that much out of mine. I haven't set up MSI afterburner yet....

What 5830 do you have?  I have the Sapphire 5830 that was 110 on newegg a week ago, and I am getting 306Mhash/s out of mine, but I have gotten it as high as 315Mhash/s.  Don't want to push it though so I run it only at 306Mash/s 24/7.  

Stock voltage
Using Sapphire Trixx software, overclocked to 1010mhz
memory underclocked to 300mhz
Running about 56c at full load.

I drink it up!
whenhowwho
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June 12, 2011, 09:45:41 PM
 #79

well i just discovered bitcoin and mining about 12 hours ago. So after a few hours getting my hardware happy I started mining. A long time ago i was a pro gamer and have always used laptops. Most people have this thing that laptops are crappy and etc. I would have to agree that Most laptops are. My laptop isnt included among the crappy. Currently mining at about 210mh/s which from what i have read isnt too bad with a single 5870. The only thing i havent figured out quite yet is how to get the coins i have earned into my account on mtgox

1HUy7T9SyNLTJCVX3p8KzftApYdWgcsRqD
finnthecelt
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June 12, 2011, 10:00:13 PM
 #80



What 5830's are you using? I can't seem to squeeze that much out of mine. I haven't set up MSI afterburner yet....

What 5830 do you have?  I have the Sapphire 5830 that was 110 on newegg a week ago, and I am getting 306Mhash/s out of mine, but I have gotten it as high as 315Mhash/s.  Don't want to push it though so I run it only at 306Mash/s 24/7.  

Stock voltage
Using Sapphire Trixx software, overclocked to 1010mhz
memory underclocked to 300mhz
Running about 56c at full load.

I have the Sapphires. Let me go get the Trixx and try it out.
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