Bluefalcon (OP)
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April 17, 2011, 10:25:53 PM |
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Do you have to have an initial amount of Bitcoins to collect from the fruits of your mining labor?
I can't find a good definitive answer anywhere in the wiki or am just reading over it. Any info would be appreciated :-).
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BitLex
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April 17, 2011, 10:34:49 PM |
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no, you only need mining-software and computing-ressources to use that software.
you only need initial bitcoins, if you want to buy or rent those computing-ressources with bitcoins.
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Bluefalcon (OP)
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April 17, 2011, 10:42:37 PM |
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Awesome, thanks for the answer. I'll let poclbm keep chipping away then.
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Zerbie
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April 18, 2011, 03:49:36 AM |
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If you have a newer ATI card, (5xxx or 6xxx) the easiest way to get started is to use the GUI mining program and a pooled mining operation like deepbit.net (my favorite). GUI mining app can be found here... http://bitcointalk.org/index.php?topic=3878.msg55160;topicseen#msg55160Deepbit.net can be found here... http://deepbit.net/ Note deepbit.net takes a 3% fee. Make sure you set up your BitCoin wallet so you can specify your receiving BTC address. |
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Randall Flagg
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April 18, 2011, 09:02:11 AM |
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If you have a newer ATI card, (5xxx or 6xxx) the easiest way to get started is to use the GUI mining program and a pooled mining operation like deepbit.net (my favorite). GUI mining app can be found here... http://bitcointalk.org/index.php?topic=3878.msg55160;topicseen#msg55160Deepbit.net can be found here... http://deepbit.net/ Note deepbit.net takes a 3% fee. Make sure you set up your BitCoin wallet so you can specify your receiving BTC address. Yes deepbit.net seem fair... I am a beginner too, i was wondering something.... if for the first block, i use the GPU on my machine only, so i get the first 50 BTC, then, after that, join a pool ? is that good idea ? I have a 5770, so the hash rate is pretty high right now... about 70 000 |
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[Tycho]
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April 18, 2011, 09:05:43 AM |
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I am a beginner too, i was wondering something.... if for the first block, i use the GPU on my machine only, so i get the first 50 BTC, then, after that, join a pool ? is that good idea ? I have a 5770, so the hash rate is pretty high right now... about 70 000 70 MH/s is nice, but i would recommend solo mining with at least 1-2 GH/s. It's just my opinion. |
Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks ! ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures ( NEW!). Third year in bitcoin business. |
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Randall Flagg
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April 19, 2011, 12:45:18 AM |
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I am a beginner too, i was wondering something.... if for the first block, i use the GPU on my machine only, so i get the first 50 BTC, then, after that, join a pool ? is that good idea ? I have a 5770, so the hash rate is pretty high right now... about 70 000 70 MH/s is nice, but i would recommend solo mining with at least 1-2 GH/s. It's just my opinion. Ahaha Tycho... Okay! okay, i just joined your pool  i won't get my 50 BTC but i least i'll have some to play with it |
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teknohog
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April 19, 2011, 04:08:42 PM |
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I have a 5770, so the hash rate is pretty high right now... about 70 000
Seems awfully low, do you mean a 5570? My 5570 (at 800 MHz) gets about 73 Mhash/s, whereas my 5770 (at 900 MHz) gets 180 Mhash/s. At the current difficulty, this 5570 takes an average of 63 days between finding blocks. So for your own mental health, it is probably better to join a pool and get a steady trickle of coins. |
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proudhon
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April 19, 2011, 05:28:39 PM |
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I'm going to post my newb questions in here too. What do I need to do to set up an EWallet? Apparently I need to do that before I join a pool and start mining. I happen to have a single 6990, and from what I can gather, joining a pool will be the best way for me to go. I'll earn, what, 50BTC a month that way?...  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Randall Flagg
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April 19, 2011, 05:31:55 PM
Last edit: April 19, 2011, 06:00:06 PM by Randall Flagg |
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I have a 5770, so the hash rate is pretty high right now... about 70 000
Seems awfully low, do you mean a 5570? My 5570 (at 800 MHz) gets about 73 Mhash/s, whereas my 5770 (at 900 MHz) gets 180 Mhash/s. At the current difficulty, this 5570 takes an average of 63 days between finding blocks. So for your own mental health, it is probably better to join a pool and get a steady trickle of coins. Well, i am on a mac, using Diablo, and i really have a 5770. I didn't test the others client if there are better one like this on a mac? But you make sense, i saw the comparaison chart, and i am below the usual ( https://en.bitcoin.it/wiki/Mining_Hardware_Comparison)... I think i'll have to check the other client instead of using Diablo, thanks for pointing that out ! But using a pool like deepbit is now a must (even for my 5770 card) On my console i can see some repetitive error message like "ERROR: Invalid block found on ATI Radeon HD 5770 (#1) possible driver or hardware issue)", weird? So i have now have to check what is the root cause of this... EDIT: by default it run at 64, i try to add -w 128, and instead of 70 Mhash/s.i have 99 Mhash/s, but still lower. -w 192 or -w 256 throw an exeption error... |
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