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devin
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June 12, 2011, 07:44:07 PM
 #1

I'm new to Bitcoins and I've been mining for the past 3 days using guiminer with my 8800GT overclocked @ ~700 cores ~1000 memory.
I'm turning out about .03 a day on deepbit. (PPS)
Is there anyway I could possibly get more? Like, would I make more at a different pool?
are there any opportunities for a noob like me to earn some Bitcoins other than mining?
Any answers are appreciated! <3

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hawk196
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June 12, 2011, 09:36:20 PM
 #2

I'm new to Bitcoins and I've been mining for the past 3 days using guiminer with my 8800GT overclocked @ ~700 cores ~1000 memory.
I'm turning out about .03 a day on deepbit. (PPS)
Is there anyway I could possibly get more? Like, would I make more at a different pool?
are there any opportunities for a noob like me to earn some Bitcoins other than mining?
Any answers are appreciated! <3

Sadly the mining game is not so easy and profitable to get into unless you have a lot of money to spend. I am also learning this the hard way Sad You could try investing directly by buying BTC on one of the markets and hoping it goes up in value to resell later but I'm afraid that's your only option. I'm thinking of buying some myself as I just haven't mined enough to consider it a good hobby income.
CovertAudit
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June 12, 2011, 09:38:30 PM
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Mining on NVIDIA hardware is not as profitable as ATI hardware keep mining and buy BTC when the price is low
meighty
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June 12, 2011, 09:39:50 PM
 #4

Like it was just said. Unless you have ATI gear, it's not worth the power to run it.

Buy new hardware or you can try your hand at buying/selling!

http://www.minerware.com - Cost effective Mhash/s per Dollar
fascistmuffin
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June 13, 2011, 12:27:29 AM
 #5

Like said above, Nvidia cards are not good for mining because of their architecture. The reason why ATI/AMD cards are better at mining are because of their larger number stream processors that do a lot of simple work. Nvidia went for another approach to the stream processors: Smaller numbers that have different clocks, do more complex work, and are physically bigger. If you're thinking of getting a different card (since 8800's are pretty old at this point, and you'd need two of them to run Crysis on highest settings), look at https://en.bitcoin.it/wiki/Mining_hardware_comparison for some hardware comparison.
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June 13, 2011, 06:16:23 AM
 #6

I threw together a little site that does some simple math the other day. Still waiting on links from NewEgg but http://www.minerware.com

http://www.minerware.com - Cost effective Mhash/s per Dollar
Lowtax
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June 13, 2011, 06:26:42 AM
 #7

Take the money you'd spend on a card and buy BTC with it.

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Alik
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June 13, 2011, 06:54:31 AM
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Take the money you'd spend on a card and buy BTC with it.

I like your picture lol.
devin
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June 14, 2011, 08:52:39 AM
 #9

Okay, to all of you suggesting not mining because it's "not worth it", are you sure that you are giving me solid advice, or are you trying to deter me away from doing so to keep the difficulty down (;
Haha, seriously though. I'm considering buying a Radeon 5830. Pulling out 300 mhash/s.
I used the calculator on deepbit and it says with that much power I would probably be pulling out .50 Bitcoins/day.
Would you consider this being a good idea? I could use the profit to buy another rig and pull out another 300 mhash/s. (I already have an unused monitor/hard drive I could use for another rig, I have the parts already picked out on newegg.com. around ~350 bucks for mobo, card, ram, psu.)
Would it be worth it?

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somethinghidden
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June 14, 2011, 09:10:53 AM
 #10

If your ready to invest some money I would say go for it. I plan on investing a bit of money as long as my concerns that I post in the newbies section are answered and I find the answers acceptable. In the long term if the bitcoin is successful and all 21m coins are mined your coins mined now should be worth a pretty penny in the future.

Gimme some bitcoins: 1CnJ7X4QBk8UDoiRmuTrSoxXVgUWbo4dTZ Smiley Thanks!
devin
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June 14, 2011, 09:16:14 AM
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If your ready to invest some money I would say go for it. I plan on investing a bit of money as long as my concerns that I post in the newbies section are answered and I find the answers acceptable. In the long term if the bitcoin is successful and all 21m coins are mined your coins mined now should be worth a pretty penny in the future.
I did the math, I'd be pulling out around 20 dollars a day with a 400 dollar investment. Within a month I'd have made around 560 dollars. But I'm only pricing each coin @ 20 dollars. They do flucuate in price. So I could end up selling them @ 30 bucks a pop. :p

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