Alright, I'm getting a Jalapeno [QUESTIONS]

[Thedovahkiin909]

First of all.
Hello everyone! I just joined!

So I'm completely new to BitCoins, but I've made up my mind to get money from them. I'm wondering exactly what I'll have to do. So I have a few questions...

1.) What is the best mining program? (ASIC compatible?)
2.) What is the best free guild?
3.) My computer is a steaming pile of you-know-what, that won't affect my ASIC will it?
4.) How hard is setting it up?
5.) Should I get a 'secure' BTC wallet?
6.) Did I miss anything? 

Okay so if you answered any of those, thanks a lot!

Now here is a scenario... Just tell me everything I got wrong, if it's not too much trouble. And if something will be really hard. (I'm what I'd call tech-savy, but not a genius)

I make an MtGox account and link it to my bank for selling.
I make a BitCoin wallet. (secure?)
I download the GPU miner of my choice.
I get the Jalapeno.
I install the software, plug it into the wall and my computer.
Somehow link it to my BitCoin wallet and GPU miner? (hard?)

That about right?
Thanks so much everyone! Now I can finally go to sleep.

[SirLolicon]

First of all.
Hello everyone! I just joined!

So I'm completely new to BitCoins, but I've made up my mind to get money from them. I'm wondering exactly what I'll have to do. So I have a few questions...

1.) What is the best mining program? (ASIC compatible?)
2.) What is the best free guild?
3.) My computer is a steaming pile of you-know-what, that won't affect my ASIC will it?
4.) How hard is setting it up?
5.) Should I get a 'secure' BTC wallet?
6.) Did I miss anything? 

Okay so if you answered any of those, thanks a lot!

Now here is a scenario... Just tell me everything I got wrong, if it's not too much trouble. And if something will be really hard. (I'm what I'd call tech-savy, but not a genius)

I make an MtGox account and link it to my bank for selling.
I make a BitCoin wallet. (secure?)
I download the GPU miner of my choice.
I get the Jalapeno.
I install the software, plug it into the wall and my computer.
Somehow link it to my BitCoin wallet and GPU miner? (hard?)

That about right?
Thanks so much everyone! Now I can finally go to sleep.

I doubt that the Jalapeno will even arrive...
And it will take waay longer than you expect for you to breakeven.

My advice is not to do that, and instead buy bitcoins with the money
and trade stuff.

[Kaepora]

First of all.
Hello everyone! I just joined!

So I'm completely new to BitCoins, but I've made up my mind to get money from them. I'm wondering exactly what I'll have to do. So I have a few questions...

1.) What is the best mining program? (ASIC compatible?)
2.) What is the best free guild?
3.) My computer is a steaming pile of you-know-what, that won't affect my ASIC will it?
4.) How hard is setting it up?
5.) Should I get a 'secure' BTC wallet?
6.) Did I miss anything? 

Okay so if you answered any of those, thanks a lot!

Now here is a scenario... Just tell me everything I got wrong, if it's not too much trouble. And if something will be really hard. (I'm what I'd call tech-savy, but not a genius)

I make an MtGox account and link it to my bank for selling.
I make a BitCoin wallet. (secure?)
I download the GPU miner of my choice.
I get the Jalapeno.
I install the software, plug it into the wall and my computer.
Somehow link it to my BitCoin wallet and GPU miner? (hard?)

That about right?
Thanks so much everyone! Now I can finally go to sleep.

I doubt that the Jalapeno will even arrive...
And it will take waay longer than you expect for you to breakeven.

My advice is not to do that, and instead buy bitcoins with the money
and trade stuff.

They will probably deliver but ~5 Gh/wont be of much a short while after they are released. They are good right now though

[black2burn]

I would only order a Jalapeno if you want to contribute to the bitcoin network. (which is totally cool btw)

 Besides that, it is not a good investment compared to simply owning bitcoin.  By the end of this summer, the difficulty will be so high that 5 GH/s will give you very little.  Additionally, if you order now, you shouldn't expect to see your miner until almost 2014. 

[FrigidWinter]

Unfortunately I have heard and seen the math that says a 20% difficulty increase every month for the next few will happen. About the point where you break even is when you will be getting the same amount of btc as with a modern GPU. Best to buy btc and trade/ hold or buy a gpu it will have resale value and it can game!

[Thedovahkiin909]

Alright, thanks guys.

How much will 5GH/s get me? I was expecting around $700 per month.

So when will the Jalapeno be released to the public? Is there anything else under $650? Where would the best place to order it be?

Also, I have devised a get-rich-quick scheme (nobody ever got rich quick without one!). I am going to buy a new ASIC machine EVERY single time I get enough money. When BitCoins get too hard for the average Joe, I want to have a section of my house filled with ASIC machines.
_______________________________________________________________________
Also, did I have everything about right with how I'll do this? Nothing there is too hard right? And any recommended programs?

[greyhawk]

How much will 5GH/s get me? I was expecting around $700 per month.

By the time you receive it? Maybe 30 bucks a month.

[Svennisen]

By the time you get your jala, the difficulty will be x10 x20 or x80. Hard to estimate, but you will not make much money on it.


Sorry, you missed the boat.

My advice.
Look out for new offers, be first to order.
Watch out for scams.

In the meantime, buy btc if you want to be involved.

[Svennisen]

But if you really do buy a Jala. Buy a raspberry pi and run MinePeon on it. Running with your laptop will draw quite and amount of power.

[Welsh]

If you are still thinking of getting one, I believe CGminer is suppose to be a good program. There was a discussion on this the other day in the mining section. You may want to go and look at that. (I know you can't post, but all the answers will be there).

[J35st3r]

Also, I have devised a get-rich-quick scheme (nobody ever got rich quick without one!). I am going to buy a new ASIC machine EVERY single time I get enough money. When BitCoins get too hard for the average Joe, I want to have a section of my house filled with ASIC machines.

Unfortunately its this attitude (yes, I know you're only j35t1ng) that has caused the spike in ASIC pre-orders, subsequent price hike and is contributing to the huge rise in difficulty. In a Gold Rush only those that sell the shovels get rich. Take care and do the math on your ROI.

[bumpk1nK]

Also, I have devised a get-rich-quick scheme (nobody ever got rich quick without one!). I am going to buy a new ASIC machine EVERY single time I get enough money. When BitCoins get too hard for the average Joe, I want to have a section of my house filled with ASIC machines.

Unfortunately its this attitude (yes, I know you're only j35t1ng) that has caused the spike in ASIC pre-orders, subsequent price hike and is contributing to the huge rise in difficulty. In a Gold Rush only those that sell the shovels get rich. Take care and do the math on your ROI.

The huge rise in difficulty is very good for Bitcoin. Thanks for the gamblers who preorders months (sometimes a year) in advance the ASIC devices. If everyone took my conservative approach, wait and see when the ASIC devices are in stock the difficulty would be a lot lower = less secure Bitcoin

[rolloffacliffpleaseanddie]

First of all.
Hello everyone! I just joined!

So I'm completely new to BitCoins, but I've made up my mind to get money from them. I'm wondering exactly what I'll have to do. So I have a few questions...

1.) What is the best mining program? (ASIC compatible?)
2.) What is the best free guild?
3.) My computer is a steaming pile of you-know-what, that won't affect my ASIC will it?
4.) How hard is setting it up?
5.) Should I get a 'secure' BTC wallet?
6.) Did I miss anything? 

Okay so if you answered any of those, thanks a lot!

Now here is a scenario... Just tell me everything I got wrong, if it's not too much trouble. And if something will be really hard. (I'm what I'd call tech-savy, but not a genius)

I make an MtGox account and link it to my bank for selling.
I make a BitCoin wallet. (secure?)
I download the GPU miner of my choice.
I get the Jalapeno.
I install the software, plug it into the wall and my computer.
Somehow link it to my BitCoin wallet and GPU miner? (hard?)

That about right?
Thanks so much everyone! Now I can finally go to sleep.

lmao, congrats

[DickyWong]

Diy Klondike miner better than waiting for the Jalapeno.

[Alexander The Great]

Your going to eat a jalapeno?? Goodluck.

[ktttn]

First of all.
Hello everyone! I just joined!

So I'm completely new to BitCoins, but I've made up my mind to get money from them. I'm wondering exactly what I'll have to do. So I have a few questions...

1.) What is the best mining program? (ASIC compatible?)
2.) What is the best free guild?
3.) My computer is a steaming pile of you-know-what, that won't affect my ASIC will it?
4.) How hard is setting it up?
5.) Should I get a 'secure' BTC wallet?
6.) Did I miss anything? 

Okay so if you answered any of those, thanks a lot!

Now here is a scenario... Just tell me everything I got wrong, if it's not too much trouble. And if something will be really hard. (I'm what I'd call tech-savy, but not a genius)

I make an MtGox account and link it to my bank for selling.
I make a BitCoin wallet. (secure?)
I download the GPU miner of my choice.
I get the Jalapeno.
I install the software, plug it into the wall and my computer.
Somehow link it to my BitCoin wallet and GPU miner? (hard?)

That about right?
Thanks so much everyone! Now I can finally go to sleep.

Bitcoin, bitcoins. No capital C. This makes me stupid gooly eye crazy.
Perhaps this is advanced trolling and I am not in on the joke.
Anyone feel like clarifying?
Wish I could anawer them there questions.

[Thedovahkiin909]

Bitcoin, bitcoins. No capital C. This makes me stupid gooly eye crazy.
Perhaps this is advanced trolling and I am not in on the joke.
Anyone feel like clarifying?
Wish I could answer them there questions.

Haha, I just saw it spelled like that somewhere.

Any way, aren't there any ASIC machines for under $600 that I can buy right now? And what will 5GH/s get me now?

[greyhawk]

And what will 5GH/s get me now?

If you had one in your hand right this second? 536.37$ per months. 2 days ago it was still 600$ per month.

I think you need to see how long the order queue is.

This is the list of people waiting for their order before you: http://bfl.ptz.ro

Note this is only the small part of orders that we know about. There's lots more we don't know about.

[Thedovahkiin909]

Okay then. What the heck is up with this? http://www.ebay.com/itm/Bitcoin-ASIC-USB-Miner-not-BFL-or-Avalon-In-HAND-not-preorder-/271218634803?pt=LH_DefaultDomain_0&hash=item3f25e3f033 Is it a scam? It says 336MH/s!

EDIT: Nevermind. 

[atariguy]

If you really want to get started on $600, buy two 7950 GPUs and put them in your existing computer (it can't be any worse than the old P4 I'm using for mining). They'll break even before you ever get an ASIC that you order today.