Bitcoins - magic digital fairy dollars - wtf

[Clifford-James]

In for later.

[DomAKARobot]

I wonder if it's possible to hack a 360 to do bitcoin mining. Maybe then I would consider it.

I have 3 of them that I don't use any more and wouldn't care if they break.

Oh nvm brb rrod

[Suhoi]

didnt bitcoin crash yesterday

its a huge scam, dont invest any real dollars in it

[PapaLazarou]

If you mined with a ****e computer but pooled your coins you'd be useing less power, but with pooling your coin you'd be making more coins?

When pooling the coins are split equaly? Or does it go off what you've contributed?

[SCAR-H]

What do I type for exchange rate in the calculator?

I'm just using 1BT = $20 USD.

So if I have .06BT you multiply that by 20.

didnt bitcoin crash yesterday

its a huge scam, dont invest any real dollars in it

If you want to play it safe, do not invest into Bitcoin mining. Do what I'm doing and invest the money you earn from this (if you do earn any) to buy new hardware. Even if this ends up failing right after you purchase your new graphics card, well at least you got a new graphics card.

You've got a lot of headroom to be OC'ing at those temps, which will in turn increase your mhash.

Likely significantly if you're running 65C at full load already.

How do I overclock my GPU? I know ATI Catalyst lets me boost some settings, but I don't want to screw anything up.

[KTownGT]

Started it up, why not...

AMD 6870, i5-2500 @ stock.

Using GUIminer default, I get ~231 Mhash/s.
Using Phoneix with set flags, it is around ~270, but lags my computer.

[SCAR-H]

Started it up, why not...

AMD 6870, i5-2500 @ stock.

Using GUIminer default, I get ~231 Mhash/s.
Using Phoneix with set flags, it is around ~270, but lags my computer.

Do those flags work for everyone? I want to increase my Mhash rate.

[Boatski]

my gtx580 is only getting 120mhash/s

just joined deepbits pool

wasn't the PS3 supposed to be used for something like this? The CPU and GPU of the unit was supposed to have a function where it could be used to run complex equations and give the answers to someone... Anyone remember hearing about something like that?

The PS3 can run Folding@Home, but it takes about eight hours to finish one Work Unit. I folded for EVGA for eight months. I have an $80 credit on their store atm from folding for them.

[FuzzeWuzze]

Started it up, why not...

AMD 6870, i5-2500 @ stock.

Using GUIminer default, I get ~231 Mhash/s.
Using Phoneix with set flags, it is around ~270, but lags my computer.

Wut? How is that possible. My 5850 gets 285MHash/s...using GuiMiner and -v -w 128 Option they suggest for 5xxx series cards. Have you tried different values for -w ? Like 128, 256, 512?

[SCAR-H]

Wut? How is that possible. My 5850 gets 285MHash/s...using GuiMiner and -v -w 128 Option they suggest for 5xxx series cards. Have you tried different values for -w ? Like 128, 256, 512?

I just entered those flags and I'm getting a 30% increase. Thanks and repped.

[Spungey]

I just entered those flags and I'm getting a 30% increase. Thanks and repped.

I got a 6870 as well, but my cpu is way worse than yours, gonna try this tomorrow.
Just wondering whats your mhash numbers at now ?

[SCAR-H]

I got a 6870 as well, but my cpu is way worse than yours, gonna try this tomorrow.
Just wondering whats your mhash numbers at now ?

I have a 5750 and I'm getting 130 mhash... not that great, but if this bitcoin stuff is real, I can buy a better card in about a month.

[ej25i]

Cpu has next to nothing to do with bit mining.
It runs solely off of your gpu.

To the guy askin about oc'ing, just go to your catalyst controller and increase your gpu clock speeds. Mem speeds dont effect your mhash at a rate that is beneficial so leave it stock to keep gpu temps down.

Slowly dial your clock speeds up until you see white spots on your monitor and then dial it back down 10-15 mhz. That is your peak stable clock.

Get a program like gpu-z to monitor your gpu temps.

Im running a 5770 at 950 mhz with mem at 1400 and im hitting 71-72 degrees max load with 75% fan speed.

[ej25i]

For whatever reason im seeing across the board that 5850s are pulling above average mhash.
More than higher level gpus.

[lastaftershock]

this is a bubble waiting to burst i wouldn't suggest anyone invest in it, unless that money you can lose it

[Laflare]

this is a bubble waiting to burst i wouldn't suggest anyone invest in it, unless that money you can lose it

a 10 dollar decrease in less than 10 days, I think the bubble might of already popped

[MrCrohns]

a 10 dollar decrease in less than 10 days, I think the bubble might of already popped

doesn't mean it wont go back up again

[TheAustrianOak]

i'm gonna set up a few test boxes, will post stats on what each box produces

current box is running:
dual quad cores - intel xeon e5504s @ 2.00 GHz
8 gigs ram
mining off the CPU using minerd on debian 6 (64 bit), as its a rackmount server with a very basic gpu

next box will be something similar cpu/ram wise but with dual nvidia tesla s1070s, same OS

averaging about 8 MH/s on the dual quads, will be interesting to see what those teslas are capable of. they should tear **** up


due to my current job i get the hardware, power, cooling, etc... for free in a 24x7 data center. only thing i have to do is set it all up on my personal time, then leave it running

[Boatski]

None of this is really worth the time/power consumption unless you have a recent ATi/AMD card.

[reyes12]

brb 329 megahashes according to chart for my 6870

It's OC'd and so is my phenom II x4 B55


how does one earn monies nao Im using the program

[ej25i]

this is a bubble waiting to burst i wouldn't suggest anyone invest in it, unless that money you can lose it

I hope no ones taking financial advice from you.

There is no loss of investment in bitcoin mining because it doesn't require any 'investment' besides leave your computer running.

Unless someones running a retarded set-up you'll never lose more money in electric bills than you will have gained from mining.

Upgrade your hardware with money made and there you go.

Something from nothing, and then if you decide to quit mining you have a better gpu in your rig for other use anyways.

[ej25i]

i'm gonna set up a few test boxes, will post stats on what each box produces

current box is running:
dual quad cores - intel xeon e5504s @ 2.00 GHz
8 gigs ram
mining off the CPU using minerd on debian 6 (64 bit), as its a rackmount server with a very basic gpu

next box will be something similar cpu/ram wise but with dual nvidia tesla s1070s, same OS

averaging about 8 MH/s on the dual quads, will be interesting to see what those teslas are capable of. they should tear **** up


due to my current job i get the hardware, power, cooling, etc... for free in a 24x7 data center. only thing i have to do is set it all up on my personal time, then leave it running

You're never going to see any money mining off of a cpu.

Better off getting the cheapest possible cpu/mobo combo to support a good ati card and mining off of that.

Also, I wouldn't recommend you this at your work. Mining bitcoins renders a rig next to useless if you're using your cpu to do it because it's going to keep your cpu near full load at all times while it's active.

You're going to overheat and fry all the cpu's in the data center unless no one else plans on using the pc's for anything at all, which doesn't seem to be the case since they're at your place of work.

[Mosho]

gonna jump the gun on this and buy a quad 5850 setup, should pay for itself in a month

[MajorGainz]

eh ill just run it for a month and see what i can get nah saiyan.

[SCAR-H]

Power consumption is negligible since my computer is already on at least 80% of the day.

Music during the day, download movies while I sleep.

[Slie]

i'm gonna set up a few test boxes, will post stats on what each box produces

current box is running:
dual quad cores - intel xeon e5504s @ 2.00 GHz
8 gigs ram
mining off the CPU using minerd on debian 6 (64 bit), as its a rackmount server with a very basic gpu
...

From what I read, mining is designed to take advantage of the GPU not the CPU. A GPU and CPU are vastly different in their respective capabilities and what they can accomplished. What they calculate and how they go about it completely different. Mining on a cpu is essentially useless.

From the wiki

A CPU core can execute 4 32-bit instructions per clock (using a 128-bit SSE instruction) or 8 via AVX (256-Bit), whereas a GPU like the Radeon HD 5970 can execute 3200 32-bit instructions per clock (using its 3200 ALUs or shaders). This is a difference of 800 (or 400 in case of AVX) times more instructions per clock. As of 2011, the fastest CPUs have up to 6, 8, or 12 cores and a somewhat higher frequency clock (2000-3000 MHz vs. 725 MHz for the Radeon HD 5970), but one HD5970 is still more than five times faster than four 12-core CPUs at 2.3GHz

[Spungey]

Power consumption is negligible since my computer is already on at least 80% of the day.

Music during the day, download movies while I sleep.

I think there is a big difference in the number of kWhs accumulated between running just itunes and a browser to running the GPU @100% load 24/7

[Boatski]

I'm going to order a MSI 6950 and play this for a month to see what happens. If it doesn't work out I can sell the card.

Power consumption is negligible since my computer is already on at least 80% of the day.

Music during the day, download movies while I sleep.

Power consumption when your GPU is idle vs when it is at full load is quite a difference.

[Mosho]

I'm going to order a MSI 6950 and play this for a month to see what happens. If it doesn't work out I can sell the card.



Power consumption when your GPU is idle vs when it is at full load is quite a difference.

I'm planning on getting quadfire 5850s, which should come to 600 watt per hour at 100%, where I come from that is like 6-7 cents an hour, so assuming the rest takes up to 100watt, the entire thing should run at around 8 cents per hour, 1.92$ a day, ~60$ a month, while making more than 1k$ farming (not giving an exact number since value of btc fluctuates, but anyone can calculate this)

[makimakiBB]

this is a bubble waiting to burst i wouldn't suggest anyone invest in it, unless that money you can lose it

Too many true believers for bitcoin to fail completely at this point.

People were most likely taking profits at $30, and no one buying, therefore a huge sell off.