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  1. #1
    Is a Glockologist. R3L3NTL3SS's Avatar
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    Can someone explain bitcoins and bitcoin mining to me?

    Well, as the title says. Wat is?
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  2. #2
    Is a Glockologist. R3L3NTL3SS's Avatar
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    bump
    MFC

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  3. #3
    The Jarl eternalone423's Avatar
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    Bitcoin mining is when you dedicate your pc which a high powered graphics card to compute and complete a very hard math algorithm to create a bitcoin. The problem is the algorithm can take days to months before you create or 'find" a bitcoin. Also, for every coin found or created, the algorithm gets harder and harder. These days it's not really worth mining since your electric bill likely wont cover the costs.

    people also have been known to get their doors kicked in by the Feds because they'll see a huge spike in your electric bill and think you're growing weed lmao
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  4. #4
    ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ImSuperSerial's Avatar
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    Bitcoins is an internet currency used to buy legal/illegal goods/services (cracking/drugs etc), bitcoins are released in clusters that need to be mined, it used to be valiable but it isn't anymore, not even if u have 20 good pc's at home.
    Some people made a lot of money, most made nothing or lost.
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  5. #5
    Registered User ApeXz's Avatar
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    I was a bitcoin miner about a year ago. Pulled off a $380 electricity bill one month. Nuts.
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  6. #6
    Registered Weapon EssexBrah's Avatar
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    Dont know about mining but you can use them to buy drugs on Silk Road.
    If she hasn't got the glow, i don't want to know crew

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  7. #7
    The Jarl eternalone423's Avatar
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    Originally Posted by ApeXz View Post
    I was a bitcoin miner about a year ago. Pulled off a $380 electricity bill one month. Nuts.
    but what was profit?
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  8. #8
    Is a Glockologist. R3L3NTL3SS's Avatar
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    Sounds interesting as hell. But like you all said, it doesn't seem worth it.
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  9. #9
    Stay safe ( ͡° ͜ʖ ͡°) henrycole's Avatar
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    Originally Posted by EssexBrah View Post
    Dont know about mining but you can use them to buy drugs on Silk Road.
    lol silkroad, i remember playing this game a few years back and having a blast.
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  10. #10
    PM me acne/accutane ?'s Dude.Jon's Avatar
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    bitcoin mining:getting credits in form of bitcoins for letting a third party use your operating system for processing power usually doing complicated algorithms, eg. super-computing/hacking/university use.
    Reps if you go to www.ripple.org and click to give food/water/money or education and provide proof in my CP or with a PM
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  11. #11
    Is a Glockologist. R3L3NTL3SS's Avatar
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    How do people have like 100 video cards connected to one computer?
    MFC

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  12. #12
    Banned RepTillFailure's Avatar
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    U getting dat dere?
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  13. #13
    Registered User miscsleepdoctor's Avatar
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    they arent worth mining unless you have free power


    /thread
    Last post in every thread crew

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  14. #14
    Is a Glockologist. R3L3NTL3SS's Avatar
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    Originally Posted by RepTillFailure View Post
    U getting dat dere?
    No sir. If I was I know plenty of places that I can just use regular USD. lol
    Originally Posted by miscsleepdoctor View Post
    they arent worth mining unless you have free power


    /thread
    I know. It's just interesting to me.
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  15. #15
    Keep Hustlin' Cuz Lewisfan's Avatar
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    Deepweb - not even once
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  16. #16
    I ain't no bitch lowstrife's Avatar
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    Originally Posted by R3L3NTL3SS View Post
    How do people have like 100 video cards connected to one computer?
    They don't. AFAIK the max you can have is 5 single-slot video cards for most any commercial motherboard. I think the actual record is 8?

    Either way the only people who mine now are people who don't have to worry about electricity bills. Sometimes someone with access to a datacenter will pull a few spare servers off to do this kind of work (or folding@home).
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  17. #17
    Registered Weapon EssexBrah's Avatar
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    Originally Posted by henrycole View Post
    lol silkroad, i remember playing this game a few years back and having a blast.
    Im not talking about the game bro
    If she hasn't got the glow, i don't want to know crew

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  18. #18
    Is a Glockologist. R3L3NTL3SS's Avatar
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    Originally Posted by lowstrife View Post
    They don't. AFAIK the max you can have is 5 single-slot video cards for most any commercial motherboard. I think the actual record is 8?

    Either way the only people who mine now are people who don't have to worry about electricity bills. Sometimes someone with access to a datacenter will pull a few spare servers off to do this kind of work (or folding@home).
    Holy sh*t. So in pics like this people are actually running like 15 complete systems?!


    How the hell can you profit after spending thousandsssssss on hardware PLUS an insane electricity bill?
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  19. #19
    Banned Goldbrah's Avatar
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    Originally Posted by R3L3NTL3SS View Post
    Holy sh*t. So in pics like this people are actually running like 15 complete systems?!


    How the hell can you profit after spending thousandsssssss on hardware PLUS an insane electricity bill?

    Some people run these from raspberries, which are neat little motherboards that only function at the most basic level using linux, and thereby use way less power. Most simply spend a great deal of time overclocking these cards and optimizing their systems between 3 variables,


    power consumed
    hashes calculated
    heat generated

    Every individual system will have a different optimal point, and you can spend hours clocking and overclocking each card and configuring power supplies without even coming close to the actual optimal point of your system
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