[4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool

[hennessyhemp]

Sometimes I worry about the environmental impact caused by mining.

I think it's up to us to lessen the impact on the environment...and as mining operations get more massive, I foresee solar, wind, and
hydro generation as a necessity.  In fact, that will fast become the most profitable kind of mining operation because you're not only
mining bitcoin, but also electricity, which will mean in the future bitcoin mining operations will probably be closely linked with energy
generation as a matter of necessity.

In this way, I'd say Bitcoin is a hell of a lot greener than oil, and inspires progress in "green" technology, rather than raping our planet
for it.

[kkurtmann]

Sometimes I worry about the environmental impact caused by mining.

I think it's up to us to lessen the impact on the environment...and as mining operations get more massive, I foresee solar, wind, and
hydro generation as a necessity.  In fact, that will fast become the most profitable kind of mining operation because you're not only
mining bitcoin, but also electricity, which will mean in the future bitcoin mining operations will probably be closely linked with energy
generation as a matter of necessity.

In this way, I'd say Bitcoin is a hell of a lot greener than oil, and inspires progress in "green" technology, rather than raping our planet
for it.

Good post from a forward thinking individual.

[thehairymob]

Sometimes I worry about the environmental impact caused by mining.

I think it's up to us to lessen the impact on the environment...and as mining operations get more massive, I foresee solar, wind, and
hydro generation as a necessity.  In fact, that will fast become the most profitable kind of mining operation because you're not only
mining bitcoin, but also electricity, which will mean in the future bitcoin mining operations will probably be closely linked with energy
generation as a matter of necessity.

In this way, I'd say Bitcoin is a hell of a lot greener than oil, and inspires progress in "green" technology, rather than raping our planet
for it.

Only of concern to those who believe in made made global warming, which I don't. Yes the planet is going through a warming cycle as it has in the past but this is nature at work. To think man is able to control the planet or even have more than a slight effect upon it is really rather big headed. Humankind isn't that great after one small volcanic eruption throws up more CO2 in a day than man can throw out in ten years. A medium one can cause a volcanic winter that last decades. Yeah we could nuke ourselves into extinction along with most other life form on the planet but the earth would heal and carry on without us, without as much as a blink. As you can tell I don't work about carbon footprints I leave behind. And no I don't have a car and I work minimal wage so mining is a chance to dream. Of course in the morning like most dreams I still have to get up and make a living, hehehe

[hennessyhemp]

https://www.youtube.com/watch?v=ysa5OBhXz-Q

Lessening or completely re-working our current energy strategy may in fact stave off large volcanic events because when the planet is healthy, it doesn't need to destroy the lecherous beings that have infected it (obviously I said "may" because it of course "may not").

Interestingly, I foresee hemp as being the number one component to inhabiting and colonizing planets that are not our own, as you could create a sort of self-replicating farm using hemp as a building material, food source, oil for engines, and a whole lot more.  Hemp nanotechnology is just getting started and supercapacitors are already being made that beat graphene for the same purpose.  

Green tech is not only the logical progression, it's capable of filling all of our wallets thousands of times over as early innovators in the space.

The republicans loved me when I was lobbying for hemp at the Capitol in Illinois, saying I wouldn't like them because they were from the wrong side of the fence...I replied that doesn't bother me...all I have to do is show you boys the money...hemp is bipartisan and multinational.

I keep daydreaming about a solar cell (made from hemp nanotubes), charging a hemp supercapacitor battery system which runs my mining rigs (which are also now printed on hemp circuit boards using special hemp microchips).  The craziest part is that all these technologies already exist, but are not yet scaled for production...that's up to us.

[mstrongbow]

https://www.youtube.com/watch?v=ysa5OBhXz-Q

Lessening or completely re-working our current energy strategy may in fact stave off large volcanic events because when the planet is healthy, it doesn't need to destroy the lecherous beings that have infected it (obviously I said "may" because it of course "may not").

Interestingly, I foresee hemp as being the number one component to inhabiting and colonizing planets that are not our own, as you could create a sort of self-replicating farm using hemp as a building material, food source, oil for engines, and a whole lot more.  Hemp nanotechnology is just getting started and supercapacitors are already being made that beat graphene for the same purpose.  

Green tech is not only the logical progression, it's capable of filling all of our wallets thousands of times over as early innovators in the space.

The republicans loved me when I was lobbying for hemp at the Capitol in Illinois, saying I wouldn't like them because they were from the wrong side of the fence...I replied that doesn't bother me...all I have to do is show you boys the money...hemp is bipartisan and multinational.

I keep daydreaming about a solar cell (made from hemp nanotubes), charging a hemp supercapacitor battery system which runs my mining rigs (which are also now printed on hemp circuit boards using special hemp microchips).  The craziest part is that all these technologies already exist, but are not yet scaled for production...that's up to us.

Sadly it won't be until BIG OIL (petro), BIG PHARMA (pharmaceuticals) and BIG FARM (GMO farmers) ALL decide that they should use HEMP for production as they are the ones controlling the lawmakers. Peope can deny ALL they like but it's the truth.

[hennessyhemp]

While I certainly get that the industry was usurped long ago by several monopolies, it is still up to us as individuals to put our money where our mouth is, literally by buying products you support.

It seems overly simplistic to think that you can change the world with your breakfast cereal choice...but the truth is you can.  Create a demand for the hemp market by buying hemp...the farmers will provide whatever is most profitable to farm...stop buying GMO corn and start buying hemp.

In other news...this is my first couple days on Slush...looks like I missed the 300% surge.  Are there multiple server addresses I should be listing for slush (like two different servers for the same worker), or does it try to optimize my connection to the closest node?  I know with some pools I've had it listed on both their east and west servers just in case the closer one goes down.

[thehairymob]

I'd rather smoke the hemp, hehehe

[mstrongbow]

While I certainly get that the industry was usurped long ago by several monopolies, it is still up to us as individuals to put our money where our mouth is, literally by buying products you support.

It seems overly simplistic to think that you can change the world with your breakfast cereal choice...but the truth is you can.  Create a demand for the hemp market by buying hemp...the farmers will provide whatever is most profitable to farm...stop buying GMO corn and start buying hemp.

In other news...this is my first couple days on Slush...looks like I missed the 300% surge.  Are there multiple server addresses I should be listing for slush (like two different servers for the same worker), or does it try to optimize my connection to the closest node?  I know with some pools I've had it listed on both their east and west servers just in case the closer one goes down.

I would ping each address and choose the fastest responding one for your workers. Welcome to the slush pool!

[mstrongbow]

On another note...I predict the pool will find a few blocks starting in the next hour or so as I will be taking most of my miners offline while I transport them to their new "home"  found a local hosting provider with rates cheaper than I can run them myself!

[Fento]

I'm in an apartment with a fixed rate for utilities so my 22GH/s don't cost me a thing..!   

[hennessyhemp]

I would ping each address and choose the fastest responding one for your workers. Welcome to the slush pool!

That's what I do, I'm just wondering if there is a list of servers...I haven't found it yet if there is...just mining.bitcoin.cz:3333

[mstrongbow]

I would ping each address and choose the fastest responding one for your workers. Welcome to the slush pool!

That's what I do, I'm just wondering if there is a list of servers...I haven't found it yet if there is...just mining.bitcoin.cz:3333

Yeah I just double checked, not many choices but I've been mining on slush since this spring, awesomest pool!

[mstrongbow]

Saturday Night's Alright!!!!!!  ^ Hey mstrongbow, did u get your miners moved and hashing again?

Sure did bro! I was surprised how quick they were hashing...basically within an hour of returning home they were reporting back on the pool dashboard, stoked!

[66tbird]

Sometimes I worry about the environmental impact caused by mining.

I think it's up to us to lessen the impact on the environment...and as mining operations get more massive, I foresee solar, wind, and
hydro generation as a necessity.  In fact, that will fast become the most profitable kind of mining operation because you're not only
mining bitcoin, but also electricity, which will mean in the future bitcoin mining operations will probably be closely linked with energy
generation as a matter of necessity.

In this way, I'd say Bitcoin is a hell of a lot greener than oil, and inspires progress in "green" technology, rather than raping our planet
for it.

Only of concern to those who believe in made made global warming, which I don't. Yes the planet is going through a warming cycle as it has in the past but this is nature at work. To think man is able to control the planet or even have more than a slight effect upon it is really rather big headed. Humankind isn't that great after one small volcanic eruption throws up more CO2 in a day than man can throw out in ten years. A medium one can cause a volcanic winter that last decades. Yeah we could nuke ourselves into extinction along with most other life form on the planet but the earth would heal and carry on without us, without as much as a blink. As you can tell I don't work about carbon footprints I leave behind. And no I don't have a car and I work minimal wage so mining is a chance to dream. Of course in the morning like most dreams I still have to get up and make a living, hehehe

Some light reading from a very long list from a very short search. Science is my passion.
http://www.skepticalscience.com/volcanoes-and-global-warming.htm
http://hvo.wr.usgs.gov/volcanowatch/archive/2007/07_02_15.html

[thehairymob]

Sometimes I worry about the environmental impact caused by mining.

I think it's up to us to lessen the impact on the environment...and as mining operations get more massive, I foresee solar, wind, and
hydro generation as a necessity.  In fact, that will fast become the most profitable kind of mining operation because you're not only
mining bitcoin, but also electricity, which will mean in the future bitcoin mining operations will probably be closely linked with energy
generation as a matter of necessity.

In this way, I'd say Bitcoin is a hell of a lot greener than oil, and inspires progress in "green" technology, rather than raping our planet
for it.

Only of concern to those who believe in made made global warming, which I don't. Yes the planet is going through a warming cycle as it has in the past but this is nature at work. To think man is able to control the planet or even have more than a slight effect upon it is really rather big headed. Humankind isn't that great after one small volcanic eruption throws up more CO2 in a day than man can throw out in ten years. A medium one can cause a volcanic winter that last decades. Yeah we could nuke ourselves into extinction along with most other life form on the planet but the earth would heal and carry on without us, without as much as a blink. As you can tell I don't work about carbon footprints I leave behind. And no I don't have a car and I work minimal wage so mining is a chance to dream. Of course in the morning like most dreams I still have to get up and make a living, hehehe

Some light reading from a very long list from a very short search. Science is my passion.
http://www.skepticalscience.com/volcanoes-and-global-warming.htm
http://hvo.wr.usgs.gov/volcanowatch/archive/2007/07_02_15.html

But no one seems to have the figures for dormant volcano of medium to large suddenly becoming active. How much damage did Krakatoa cause to the atmosphere in the 19th century? That is a medium volcano after all and was the cause of the "mini ice age" as it was called at the time. Even the Thames froze over in winter after that event. And what would Yellow Stone do to the environment if it went off? Human extinction? Big business and global warming = higher prices for energy. Sound like a great partnership.

[Franklin16422]

A slight bit off topic but an interesting article:

http://techcrunch.com/2014/08/25/gold-dealer-drops-credit-card-payments-for-bitcoin/

[Hitmouse]

Am I calculating this right? 

That the early part are 2015 it will no longer be cost effective to run miners based on the increasing difficulty. In other words varying costs of electricity and hardware will mean by March , April of 2015 most mining operations will be running in the red even with payed off miners and low cost electricity based on the current floating value index of bitcoins?

From what I have read there isn't any new miners / hardware that is capable of being cost effective when calculated against the upcoming difficulty.

I wonder what will happen to the HUGE cloud mining companies?

The only way I see mining continuing is a revolution in hardware and low cost electricity or massive price shift in bitcoins.

So whats next?

[Billbags]

Those calcuators are not perfict, but they will come out with more efficient miners. The 37ghs miners I was using in November used 340watts. So I sold and replaced with new ones(180ghs/370w and 24ghs/60w), which I sold and replaced with(1000ghs/1120w and 32ghs/40w), which I sold and replaced with(900ghs/860w and 443ghs/370w). This is the system I've had to use to keep making profits along with certain pool strategies. If it gets to a point they can't improve the chips, they will have to supply more chips that are under volt/under clocked extremely and/or find another style of mining like they have before(ie..solo to pool to original network to getwork to asic and stratum). But yes, the miners you have now will most likely be obsolete in early to mid 2015. Also remember only 21 million bitcoins will ever be mined, so the price will go up dramatically as long as people keep utilizing this p2p system.

[x86cam]

Hello! I'm new to Bitcoin mining in general, and I followed a tutorial on how to get started. They suggested this pool. I just wanna say that I don't know like anything about bitcoin, besides the basics, and I'd like to know if I should go any further with what I am doing.

I have an ATI (or AMD) Radeon HD 7770 (GHz Edition) that I use for gaming and, well, this. I get 200 Mhash/s, and I wanna know if this is good for mining. I've mined about 0.00000494 BTC so far, and that's within a day. I also want to know if I should upgrade to a better Graphics Card or an ASIC thingy later on.

I know this thing is good for beginner users, and I just hope it survives everything I throw at it.

Anyway, thank you

I like Bitcoin so far btw. I just wish there was a method I could take. (I only have like $50 to spend right now)

[RogMiner]

Hello! I'm new to Bitcoin mining in general, and I followed a tutorial on how to get started. They suggested this pool. I just wanna say that I don't know like anything about bitcoin, besides the basics, and I'd like to know if I should go any further with what I am doing.

I have an ATI (or AMD) Radeon HD 7770 (GHz Edition) that I use for gaming and, well, this. I get 200 Mhash/s, and I wanna know if this is good for mining. I've mined about 0.00000494 BTC so far, and that's within a day. I also want to know if I should upgrade to a better Graphics Card or an ASIC thingy later on.

I know this thing is good for beginner users, and I just hope it survives everything I throw at it.

Anyway, thank you

I like Bitcoin so far btw. I just wish there was a method I could take. (I only have like $50 to spend right now)

Hello and welcome to mining.

Mining Bitcoin with a graphics card is not cost effective, it was the case some time ago that you could get good returns on a graphics card but that time has now passed. As you have found out you can earn about £0.01 a day with your graphics card but it will use about £1.00 a day in electricity meaning you will lose about £30 a month.

That said mining is great fun and if you want to really join in you need to be mining with an ASIC, with your $50 budget there isn't much you can do, but if the cost of electricity doesn't phase you then your next step could be to buy a cheap 2GH/s USB ASIC miner, however I would recommend checking out eBay for an Antminer S1 which are dropping in price all the time, you won't make any money unless the price of Bitcoin goes through the roof but if you underclock it there are still some months useful mining available.

As things stand the only way to make money is to spend money, and even then you may just lose everything so be careful, read the posts in this forum and in the hardware forum before spending any money and then you will be able to make an informed decision. Please heed this warning and don't rush out and buy anything, hardware prices will always come down so you have plenty of time to decide your next move.

Finally, be careful with your graphics card, overclocking it will make almost no difference to your hashing rate but it will eventually break your card, mining with your graphics card 24/7 will eventually break it. You don't want to end up with a huge electricity bill and no gaming machine, that really would be the worst of all worlds.

If you are going to mine at the low end then please just do it for fun, as doing it for money is a huge risk.