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Author Topic: Introduce yourself :)  (Read 1053525 times)
beelzebobo
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November 01, 2011, 06:51:34 AM
 #3461

Hey y'all I'm a new newbie... Keen to get involved in bitcoins ^_^
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DeathAndTaxes
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November 01, 2011, 08:59:18 PM
 #3462

So I started mining in June when the hype was big; I managed to get together a crew of six high-end AMD GPUs and was really hoping prices would stay high. I did manage to cash out and pay for all the hardware, but then the price died on me. So sad. Now I'm just hanging around looking at BTC from afar and wondering if there's a reasonable chance of making money. I've got about 40 BTC left that I'm thinking to play with as speculation, but all of the miners are shut down. (Hint: drawing 2000W of power at $0.08 per kWh for 1.2BTC per day means that I'd have to see BTC prices of at least $3.2 just to break even; realistically I'd want it at $6 or more given the volatility.)

Wait 2000W for ~1.5GH?  Are those graphics cards or lead smelters?

3x5970 are <1000W and push 2300MH/s+.
trogdorjw73
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November 02, 2011, 06:57:04 AM
 #3463

So I started mining in June when the hype was big; I managed to get together a crew of six high-end AMD GPUs and was really hoping prices would stay high. I did manage to cash out and pay for all the hardware, but then the price died on me. So sad. Now I'm just hanging around looking at BTC from afar and wondering if there's a reasonable chance of making money. I've got about 40 BTC left that I'm thinking to play with as speculation, but all of the miners are shut down. (Hint: drawing 2000W of power at $0.08 per kWh for 1.2BTC per day means that I'd have to see BTC prices of at least $3.2 just to break even; realistically I'd want it at $6 or more given the volatility.)

Wait 2000W for ~1.5GH?  Are those graphics cards or lead smelters?

3x5970 are <1000W and push 2300MH/s+.
Well, the power is an estimate. I've got three systems with two x16 slots, so the net result is 1 x 6950, 2 x 5870, 2 x 5850, and 1 x 5670 (not so high on the last one, but the slot will only fit a single wide card). All are slightly overclocked, but to varying amounts. Actual power draw is probably closer to 1200-1500W, but the three systems have a 550W, 700W, and 750W PSU. Either way, even if it's only 1200W total (which is probably a bit low), the result is that I can hash around 2000Ghash/s. When I quit mining, difficulty was a bit higher so that worked out to around 1.2BTC/day. Looks like with the drop in mining power I'd now get 1.5BTC per day. So, let's see, best case I can mine maybe 1.5BTC per day for an electrical cost of $2.3; if my estimates are a bit too low on power (so closer to 1500W than 1200W), we'd be at $2.88 per day. Given the volatility of BTC right now, I can't sink a bunch of extra money into mining in the hopes of recouping my costs.

What I do know is my power bills were up about $125 per month, which works out to closer to 2200W of power draw. Rather than put the extra money into mining, I'm seeing if I can speculate and increase my BTC holdings that way. So far, not so good, but I've decided to be a bit more cautious after some stupid decisions early on and I managed a 2% increase in BTC today. That works out to around 1BTC for zero cost in electricity, which is better than 1.5BTC for $2.30 in power bills.

Ean
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November 02, 2011, 08:07:03 AM
 #3464

I'm not Batman ...

Quote from: Douglas Adams
The World Wide Web is the only thing I know of whose shortened form takes three times longer to say than what it's short for
Bricolage
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November 02, 2011, 04:15:39 PM
 #3465

Hello. I'm Bricolage.

Nikki the Bitch will help bring this forum back to a reputable position.
kitich
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November 02, 2011, 04:42:07 PM
 #3466

Hi there. Kitich.
jake262144
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November 02, 2011, 05:46:12 PM
 #3467

Hey, I'm me ^^

Been lurking around for awhile; never felt the urge to register... the moment I needed to post I'm relegated to "noob central".
Sweet...

Anyhow, well met guys.
trogdorjw73
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November 02, 2011, 06:24:31 PM
 #3468

Hey, I'm me ^^

Been lurking around for awhile; never felt the urge to register... the moment I needed to post I'm relegated to "noob central".
Sweet...

Anyhow, well met guys.
Welcome, Jake262144... I'm still working towards losing my newb status after realizing that I couldn't just post a reply elsewhere. Thank you, trolls of the Internet!

Flyers66
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November 02, 2011, 08:35:00 PM
 #3469

Hi im new to this forum but not to the bitcoin world Cheesy
jake262144
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November 02, 2011, 09:15:22 PM
 #3470

@trogdorjw73

Could be worse: registering an account with forums.overclockers.co.uk involved one of the mods MANUALLY enabling new accounts last time I checked.
THREE business days after my filling out the registration form, the mod replied he didn't much care about the numeral in my forum handle; "spam account" it looked like to him xD
I get it: their forums, their regulations but it sure looks like mods shooting themselves in the foot.
SmutnaRzeka
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November 03, 2011, 12:49:15 AM
 #3471

Hi! I'm just getting started with this bitcoin stuff, this forum looks informative!
Qwarkman
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November 03, 2011, 01:08:01 AM
 #3472

i just want to post stuff, let me out of here!
Uvon
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November 03, 2011, 01:30:38 AM
 #3473

Sup guys, just getting started with Bitcoin. Seems like a very promising idea, really hope it keeps going and takes off.
solin
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November 03, 2011, 03:03:01 AM
 #3474

So, I suppose I should make the obligatory intro post.  New to BitCoins and digitized currencies in general.  Seems to be quite the new flavor for something that has been around for so long (currency, that is).

-cheers
mrplants
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November 03, 2011, 03:44:38 AM
 #3475

I'm MrPlants.  I had heard about bitcoin a while back, just decided to look into it today. I'm still pretty overwhelmed by everything, hoping to change that soon.
MyZhre
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November 03, 2011, 09:56:00 AM
 #3476

 Grin
I love the bitcoin idea, so I came here

NXT: 13997163105778396158
rjk
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November 03, 2011, 08:11:41 PM
 #3477

toasting in epic bread

or whatever, just posting  Grin

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
4g0tt3n
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November 03, 2011, 11:44:44 PM
 #3478

Hi, currently running a 50 5830 rig mining site
Just recently started an account here,
working a few fpga and solar plant projects.

hope to get out of this newbie section soon
muze
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November 04, 2011, 01:12:50 AM
 #3479

I'm muze; been around lurking, but I'm not usually much of a talker...figured it was about time to make an acct lol (now that I need to use the market)
ilikesound
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November 04, 2011, 08:13:23 PM
 #3480

Bitcoin is a new discovery for me, and I think the idea is fantastic. I've been researching it all day instead of working on things that are considerably less interesting than digital currency.

I found this board by following a link to a post someone made offering logo designs for 10 bitcoins. I'm also a graphic designer (web design and programming, too), with my forte being illustration. I'd love to start selling custom illustrations and portraits in the marketplace. I've been itching for new projects outside of my in-house design gig. After I get the newbie requirements taken care of, you'll probably see me there first thing.

Brooklyn, represent.  Cool
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