Cryptocoin Mining?

sandorski · Dec 31, 2011

Magic Carpet said:
Sorry, I meant your bitcoin career

Haven't started yet. Been thinking about it since last April(ish), lol.

Magic Carpet · Dec 31, 2011

sandorski said:
Haven't started yet. Been thinking about it since last April(ish), lol.

my gut feeling suggests, you give it a go.. now is a good time

Dark Shroud · Dec 31, 2011

Magic Carpet said:
my gut feeling suggests, you give it a go.. now is a good time

Seriously this right here. The HD 6800 cards are getting cheap and deals on HD 6950s should start popping up soon.

Smartazz · Dec 31, 2011

If you have the parts, why not? Cost of electricity is likely lower than the value bitcoins fetch. I kind of want another 6870 for primarily gaming, but it'll make a good second mining card too. Maybe I should sell my bitcoins to cover some of the cost.

hawtdawg · Dec 31, 2011

Company just got a new office with FREE ELECTRICITY! Have my 4 g/hash worth of rigs up and running.

jmarti445 · Jan 9, 2012

Just got into mining I'm on the Arsbitcoin group. The value of Bitcoin's has shot up a good bit. Using two 5870s, just a hobby right now but I figured what do i have to lose with this.

WhoBeDaPlaya · Jan 9, 2012

jmarti445 said:
Just got into mining I'm on the Arsbitcoin group. The value of Bitcoin's has shot up a good bit. Using two 5870s, just a hobby right now but I figured what do i have to lose with this.

Might want to be careful with Arsbitcoin. It had a major outage a few weeks ago and more than 2/3 of the people jumped ship to other pools. The owner of the pool has stated unequivocably that he is no longer putting any / much effort in maintaining the servers. The only reason he hasn't shut the pool down completely is it would be too much of a hassle to do so compared to keeping it in zombie mode.

I jumped from there to ABCpool.co. Same constant payout, pool hashrate that's on par with Arsbitcoin.

jmarti445 · Jan 9, 2012

WhoBeDaPlaya said:
Might want to be careful with Arsbitcoin. It had a major outage a few weeks ago and more than 2/3 of the people jumped ship to other pools. The owner of the pool has stated unequivocably that he is no longer putting any / much effort in maintaining the servers. The only reason he hasn't shut the pool down completely is it would be too much of a hassle to do so compared to keeping it in zombie mode.

I jumped from there to ABCpool.co. Same constant payout, pool hashrate that's on par with Arsbitcoin.

Hmm, thanks, I think I will take a look into this.

slayernine · Jan 9, 2012

WhoBeDaPlaya said:
Might want to be careful with Arsbitcoin. It had a major outage a few weeks ago and more than 2/3 of the people jumped ship to other pools. The owner of the pool has stated unequivocably that he is no longer putting any / much effort in maintaining the servers. The only reason he hasn't shut the pool down completely is it would be too much of a hassle to do so compared to keeping it in zombie mode.

I jumped from there to ABCpool.co. Same constant payout, pool hashrate that's on par with Arsbitcoin.

Thanks for the recommendation, decided to get back into doing some bitcoin mining. What are people using for bitcoin mining currently? I have a few video cards sitting around that should work pretty good. 5770, 5850, 6870. Found a couple guys on kijiji selling 5770's for $60-70 that I'm considering.

Smartazz · Jan 9, 2012

Slayernine, I would just mine with what you have. Too risky to buy other mining equipment though.

WhoBeDaPlaya · Jan 9, 2012

slayernine said:
Thanks for the recommendation, decided to get back into doing some bitcoin mining. What are people using for bitcoin mining currently? I have a few video cards sitting around that should work pretty good. 5770, 5850, 6870. Found a couple guys on kijiji selling 5770's for $60-70 that I'm considering.

What you have is perfect. Folks generally mine with higher end 5xxx and 6xxx cards (>= 5770, >= 6850).

Zargon · Jan 9, 2012

what big pools are still alive? I mined with btcguild and bitcoins.lc

hawtdawg · Jan 9, 2012

Zargon said:
what big pools are still alive? I mined with btcguild and bitcoins.lc

slush is still going

Smartazz · Jan 9, 2012

I'm still using BTCguild, they're pay per share now though.

Magic Carpet · Jan 9, 2012

Whoever was buying coins a month ago, could just sell some and make some nice profit

Infraction Jack · Jan 9, 2012

Is it worth doing this to make money? I have a 5450.

dakU7 · Jan 9, 2012

It will take you about a month to generate a coin with your 5450.
If you don't already own the hardware, there's no reason to get into mining at this point.
Difficulty needs to go way down, or price needs to go way up in order for it to be profitable.

Infraction Jack · Jan 9, 2012

Damn that is a long time. Seems like another need money to make money deals.

Dark Shroud · Jan 9, 2012

Yeah you would need a couple of AMD cards to make some coins with Bitcoin right now.

I personally am running two 5870s slightly over clocked 24/7 and my 6970 part of the time. I have a third 5870 & two 5830s I'm going to get set-up soon.

You need 5800 or 6800 series cards at least and all will cost you a minimum of $150 apiece.

Infraction Jack · Jan 9, 2012

That is a shame. I was reading up on bitcoin and in theory it would seem like a great tool for lower income households to make some extra cash while contributing to society. I wonder if there is another distributed computing project like this that would fit that kind of situation.

ensign_lee · Jan 9, 2012

Infraction Jack said:
That is a shame. I was reading up on bitcoin and in theory it would seem like a great tool for lower income households to make some extra cash while contributing to society. I wonder if there is another distributed computing project like this that would fit that kind of situation.

What? Do you have a link? That's the first time I've ever heard of anything like that.

NoStateofMind · Jan 10, 2012

ensign_lee said:
What? Do you have a link? That's the first time I've ever heard of anything like that.

Folding@home?

Zargon · Jan 10, 2012

Smartazz said:
I'm still using BTCguild, they're pay per share now though.

yeah I saw that

ensign_lee · Jan 10, 2012

PC Surgeon said:
Folding@home?

That doesn't make sense. Folding@home doesn't pay you? And Bitcoin was never devised as a system for lower income families to make money...?

Which is why I was asking for a link to the article proposing that Bitcoin was a great way for lower income families to make side income. I'd never heard that angle before, and to me, it doens't make much sense.

Magic Carpet · Jan 10, 2012

Got your shiny new dual-6990 miner? Wondering when it will pay off? If you enter your hash rate below, this page will calculate your expected earnings in both Bitcoins and dollars over various time periods (day, week, and month).

Here's a bitcoin calculator. Before you start mining, check if it's worth it

Cryptocoin Mining?

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