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Author Topic: what to do next ??  (Read 2026 times)
Hell-raiser
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July 24, 2014, 12:29:54 PM
 #21

I wish I had lots of i7 computer like you, good luck Wink

What would you do with them? Wink

Let's assume for a moment that you have 1,000 computers at your disposal. Any way to raise money using the whole pack? I'm not talking here about trivial things like selling computer time.
Mt. Gox
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July 24, 2014, 12:34:11 PM
 #22

what do the next would be sell them on ebay and purchase bitcoins with the proceeds

Well I don't think the computers are actually his so he probably can't sell them.

Actually he could probably sell them and replace them with celerons but that would be ripping off the school. Grin

EDIT/DISCLAIMER: DON'T DO THIS OP!!!

Dear GOD/GODS and/or anyone else who can HELP ME (e.g. MEMBERS OF SUPER-INTELLIGENT ALIEN CIVILIZATIONS): The next time I wake up, please change my physical form to that of FINN MCMILLAN of SOUTH NEW BRIGHTON at 8 YEARS OLD and keep it that way FOREVER. I am so sick of this chubby Asian man body! Thank you! - CHAUL JHIN KIM (a.k.a. A DESPERATE SOUL) P.S. If anyone is reading this then please pray for me! [ www.chauljhin.com ]
notlist3d
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July 24, 2014, 01:20:07 PM
 #23

what do the next would be sell them on ebay and purchase bitcoins with the proceeds

Well I don't think the computers are actually his so he probably can't sell them.

Actually he could probably sell them and replace them with celerons but that would be ripping off the school. Grin

EDIT/DISCLAIMER: DON'T DO THIS OP!!!

Using them to mine will most likely cause a loss of job on any decent school job.  It's a misuse of company resources any you can see cases of a few students getting in trouble for using campus resources to mine.

Unless your campus has agreed to it just don't do it.  They will easily see the traffic going out and if half way competent will be looking for someone. 
Testing123
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July 24, 2014, 02:05:54 PM
 #24

If you are ready to risk your job, you may use the computers to mine those very new cpu coins and wait for the coins to be listed on exchanges.

DrG
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July 25, 2014, 12:22:40 AM
 #25

If you are ready to risk your job, you may use the computers to mine those very new cpu coins and wait for the coins to be listed on exchanges.

There are no new CPU coins - everything has been commandeered into a GPU coin.  BTC, LTC, XPM, XMR - the whole lot - everything went GPU or ASIC.

Other than selling out CPU time for cloud services there's nothing the OP can do (especially not in a legally condoned manner).
ranochigo
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July 25, 2014, 08:55:04 AM
 #26

If you are ready to risk your job, you may use the computers to mine those very new cpu coins and wait for the coins to be listed on exchanges.
The computer may overheat and your computer's performance may be down graded. OP is better off selling all of those computers. Whether coins will be CPU resistant forever highly depends on the popularity. With huge popularity, your coin would not be as CPU resistant but would have a decent price. With low popularity, not much people would develop mining ASICs or GPU miners for that coin but the price would be quite low.

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DrG
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July 25, 2014, 09:25:56 AM
 #27

If you are ready to risk your job, you may use the computers to mine those very new cpu coins and wait for the coins to be listed on exchanges.
The computer may overheat and your computer's performance may be down graded. OP is better off selling all of those computers. Whether coins will be CPU resistant forever highly depends on the popularity. With huge popularity, your coin would not be as CPU resistant but would have a decent price. With low popularity, not much people would develop mining ASICs or GPU miners for that coin but the price would be quite low.

Does everybody just chime in without reading the first post!?!  4 people have already advised him to sell the computers.  He works or has access to a computer lab on a school campus.  He does not own the computers and he most definitely does not have the right to sell them.  He was contemplating mining on them - which would be illegal unless he got permission explicitly from the school.  Any possible income he could generate would be so minimal and not worth the risk of getting kick out or even charged with a crime.
serje
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July 25, 2014, 12:24:30 PM
 #28

If you are ready to risk your job, you may use the computers to mine those very new cpu coins and wait for the coins to be listed on exchanges.
The computer may overheat and your computer's performance may be down graded. OP is better off selling all of those computers. Whether coins will be CPU resistant forever highly depends on the popularity. With huge popularity, your coin would not be as CPU resistant but would have a decent price. With low popularity, not much people would develop mining ASICs or GPU miners for that coin but the price would be quite low.

Does everybody just chime in without reading the first post!?!  4 people have already advised him to sell the computers.  He works or has access to a computer lab on a school campus.  He does not own the computers and he most definitely does not have the right to sell them.  He was contemplating mining on them - which would be illegal unless he got permission explicitly from the school.  Any possible income he could generate would be so minimal and not worth the risk of getting kick out or even charged with a crime.

If mining is illegal on them why should we encourage him do it and lose his job and be straydog???

He will also lose his job if he sells them but at least he will have around 400 BTC by the time they will catch him ... so yeah out of the 2 illegalities we have here I recommend selling them!

Space for rent if its still trending
Simon8x
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July 25, 2014, 04:24:07 PM
 #29

If mining is illegal on them why should we encourage him do it and lose his job and be straydog???

And that's why a number of users (post 7,8,9,10, etc) have suggested him NOT to mine unless he has gain permission from the school.

As DrG said, some users probably didn't read the whole OP before making a suggestion, and so they thought OP owns the computers...

cp1
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July 25, 2014, 04:28:01 PM
 #30

Definitely mine altcoins with them.  I think good ones would be resumeCoin, unemployedCoin, lookingforworkCoin.

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
Brewins
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July 25, 2014, 06:31:09 PM
 #31

Next spend a good time making a plan to don't get caught mining and have some deniability if you get caught, because its 100% you'll get big troubles when you get caught.

The first step in the don't get caught planning would be not tell to others, even internet people, even if you don't say your identity or where you are, the use you'll give to your computers, so you the plan is basically already dead on arrival.
Then better follow the plan B: forget the mining stuff and just borrow one to play games.
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July 25, 2014, 07:01:43 PM
 #32

CPUs are hopeless in mining under current difficulty, no matter how many you have. You will mine less than your month's salary. Is it really worth loosing your job for? Cheesy
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July 25, 2014, 07:26:55 PM
 #33

I cant think of the name but the last conference at btc chicago had a campus club for Bitcoin that had grown a lot, was very impressive.

I would suggest IF going to do this get proper permission if you look up the club your chances are much better.  Depending on your campus your club might even get some equipment paid for or at least free electricity on some equipment.   You could be a adviser and have fun as a group.

But if they find hundreds of rogue computers with mining software they didn't approve it will be  LOT of trouble. 
Lorenzo
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July 26, 2014, 01:21:09 PM
 #34

Would a school really be so mean as to kick a valued member of their organization out just for mining? Didn't someone use their dad's computer a while back to mine bitcoins back in the early days or something? If I were a school, I would definitely freak out if one of my members was secretly selling my computers on eBay but completely excluding someone just because they decided to run a mining program that isn't too different from something like SETI@home or Folding@home (especially some altcoins such as Primecoin) on some of them seems rather harsh. If the electricity costs get too high or performance starts to suffer noticeably or components start to break, then perhaps a warning would be enough.
Simon8x
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July 26, 2014, 01:44:04 PM
 #35

Would a school really be so mean as to kick a valued member of their organization out just for mining? Didn't someone use their dad's computer a while back to mine bitcoins back in the early days or something? If I were a school, I would definitely freak out if one of my members was secretly selling my computers on eBay but completely excluding someone just because they decided to run a mining program that isn't too different from something like SETI@home or Folding@home (especially some altcoins such as Primecoin) on some of them seems rather harsh. If the electricity costs get too high or performance starts to suffer noticeably or components start to break, then perhaps a warning would be enough.

I don't know if anyone has lost his job for misusing the computers before, but I do find people getting warnings and restrictions in http://www.thecrimson.com/article/2014/2/20/harvard-odyssey-dogecoin/ and http://www.bbc.com/news/technology-27779030

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July 26, 2014, 02:14:13 PM
 #36

Would a school really be so mean as to kick a valued member of their organization out just for mining? Didn't someone use their dad's computer a while back to mine bitcoins back in the early days or something? If I were a school, I would definitely freak out if one of my members was secretly selling my computers on eBay but completely excluding someone just because they decided to run a mining program that isn't too different from something like SETI@home or Folding@home (especially some altcoins such as Primecoin) on some of them seems rather harsh. If the electricity costs get too high or performance starts to suffer noticeably or components start to break, then perhaps a warning would be enough.

Anyone who would load unauthorized software on every computer they set up is not a "valued" member of staff....  Any IT has to sign a policy at a campus job guaranteed to include not to abuse it like this.

Ultimately they WOULD catch on, and they then will want to find how it happened and take it off all of the computers.  Add cost of investigation, and cost of removing software the could be a LOT more then mining profit's from CPU mining. 

I suggest looking into club route still.  You might be able to be adviser and get student's involved.   School support would go a long ways.
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July 26, 2014, 03:08:16 PM
 #37

Anyone who would load unauthorized software on every computer they set up is not a "valued" member of staff....  Any IT has to sign a policy at a campus job guaranteed to include not to abuse it like this.

Ultimately they WOULD catch on, and they then will want to find how it happened and take it off all of the computers.  Add cost of investigation, and cost of removing software the could be a LOT more then mining profit's from CPU mining. 

I suggest looking into club route still.  You might be able to be adviser and get student's involved.   School support would go a long ways.

It's interesting when people claim that they never promised not to do a specific thing. And then you show them the Terms of use they agreed to, complete with their signature, they become silent.

I should have gotten into Bitcoin back in 1992...
michaelwang33
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July 26, 2014, 05:11:34 PM
 #38

Anyone who would load unauthorized software on every computer they set up is not a "valued" member of staff....  Any IT has to sign a policy at a campus job guaranteed to include not to abuse it like this.

Ultimately they WOULD catch on, and they then will want to find how it happened and take it off all of the computers.  Add cost of investigation, and cost of removing software the could be a LOT more then mining profit's from CPU mining. 

I suggest looking into club route still.  You might be able to be adviser and get student's involved.   School support would go a long ways.

It's interesting when people claim that they never promised not to do a specific thing. And then you show them the Terms of use they agreed to, complete with their signature, they become silent.
A lot of people also sign agreements, and agree to TOS without even glancing at what they are agreeing to.

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