Introduce yourself :)

[trogdorjw73]

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.

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[Ean]

I'm not Batman ...

[Bricolage]

Hello. I'm Bricolage.

[kitich]

Hi there. Kitich.

[jake262144]

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]

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]

Hi im new to this forum but not to the bitcoin world

[jake262144]

@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]

Hi! I'm just getting started with this bitcoin stuff, this forum looks informative!

[Qwarkman]

i just want to post stuff, let me out of here!

[Uvon]

Sup guys, just getting started with Bitcoin. Seems like a very promising idea, really hope it keeps going and takes off.

[solin]

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

[MyZhre]

 
I love the bitcoin idea, so I came here

[rjk]

toasting in epic bread

or whatever, just posting 

[4g0tt3n]

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]

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)

[grinder3011]

Hi folks

[diepigman]

I've been a major bitcoin supporter since I first heard about it.

[kkurtmann]

Hi, I'm Kurt, been mining for a few months now with 3 machines totalling around 700 Mh/s solo at first then soon realized pool mining was way better at the current difficulty, anyhoo... posting to get out of newbie section

[hackattack2077]

Hello everyone,hack here. Just waiting to get out of the damn newb spot, to pm some folks for some coin. Nice forum!