That sounds wise Aikouka. I was going to sell my 6850 and happily run Intel HD Graphics until BF3 is released -considering whatever GPU available at that time. But now I'm keeping it mining for giggles at the very least. Radeon is better for video playback as well and especially OpenVideo Decode allowing acceleration with madVR.
-
We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.
Cryptocoin Mining?
Page 24 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
With 'only' 6.5 million of 21 million coins having been mined and only a tiny portion of the population aware of bitcoins one might say this ponzi scheme has quite a bit of potential left. I'd say the odds of the bottom falling out in the next 60 days are as low as ever.
My hardware has just paid for itself after only 7.5 days. Roughly 7 bit coins, 4 sold at 22-24, 3 left. Assuming I can get $50 per 5830 (that'll be cake for another year or so) I have just covered my hardware and power costs.
Planning ot keep going. If this makes enough to get a 6990, sure, I'll get one. If not, I'm not worried either. It will have been entertaining while it lasted.
My hardware has just paid for itself after only 7.5 days. Roughly 7 bit coins, 4 sold at 22-24, 3 left. Assuming I can get $50 per 5830 (that'll be cake for another year or so) I have just covered my hardware and power costs.
Planning ot keep going. If this makes enough to get a 6990, sure, I'll get one. If not, I'm not worried either. It will have been entertaining while it lasted.
Did you cash out through mt gox? How is using Dwolla, never heard of it so seems sketchy giving bank info out?
I plan to mine for a few more weeks. Once I stop making ~80 dollars a week I will stop and tell my 5830 and maybe even my 5850 as well for an inflated price and then wait until BF3 and use the profits from the cards alone to pick up something nice. I am guessing by the time BF3 will be released, the bitcoin market will have crashed either due to government intervention or a massive attack by hackers or the difficulty driving out all but the people who spent tens of thousands on mining rigs. Maybe I will pick up a pair of cards for crossfire for next to nothing when they are flooding the market.
I also expect a lot of people are idiots and put thousands and thousands of dollars in hardware on credit cards expecting to make greater returns in bitcoins. When the value of the bitcoin falls dramatically I expect those people to throw their hardware on the market for whatever they can get for them.
I also expect a lot of people are idiots and put thousands and thousands of dollars in hardware on credit cards expecting to make greater returns in bitcoins. When the value of the bitcoin falls dramatically I expect those people to throw their hardware on the market for whatever they can get for them.
Awesome, man, thanks for the info!
Dark Shroud
Golden Member
It works, now, there is a bit of a delay between the groups when it comes to sending the money. It shouldn't take more than a few hours. You just have to remember that Mt Gox tells everyone to use Dwolla so they're probably flooded with transactions.
Just remember that every time you send money to Dwolla they'll take $0.25 from the transaction as a fee. So it's better to do fewer larger amounts if you're a penny pincher like I am.
Anyone use this place?I would rather not give out my banking info. http://www.btcbuy.info/Default.cshtml
YoungGun21
Platinum Member
Dwolla is extremely safe, and is a competitor to PayPal. It has been around for a while now. If you trusted the evil Paypal, you should have no problems trusting Dwolla.
In fact, they do background checks when you make an account with them. We tried to make a joint account and just used a combination of our names, and our account got shut down because we weren't a "real person" lol. Fixed that now though.
To whoever was wanting to sell their 5970, you can probably make more money mining with it than you will sell it for. My advice is to keep mining with it, then when you aren't seeing as much of a return, sell it if the price is still at a premium. Or I'll give you $100 for it right now. 😉 (or even $100 worth of BTC!)
In fact, they do background checks when you make an account with them. We tried to make a joint account and just used a combination of our names, and our account got shut down because we weren't a "real person" lol. Fixed that now though.
To whoever was wanting to sell their 5970, you can probably make more money mining with it than you will sell it for. My advice is to keep mining with it, then when you aren't seeing as much of a return, sell it if the price is still at a premium. Or I'll give you $100 for it right now. 😉 (or even $100 worth of BTC!)
NoStateofMind
Diamond Member
Anyone aware of a multi-GPU overclocking utility?
EDIT: Looks like you have to flash the clocks/voltage you want for each card individually. A tedious process that will have good rewards!
EDIT: Looks like you have to flash the clocks/voltage you want for each card individually. A tedious process that will have good rewards!
Last edited:
Pneumothorax
Golden Member
Just took advantage of the craziness on fleabay on the 5870 right now. If I would've tried to sell my 5870 a fews months ago on FS/FT here I probably would've gotten at most $175-$200 shipped. Just sold my XFX for over $300 a couple of days ago! 😀 Just placed an order for a MSI 6950 reference card for a planned unlock.
Aikouka
Lifer
Hmm I looked at the cards on eBay and I saw one for $220 (bid) with about 2 hours left, so I was a bit weary to try my own luck. I'm not sure if I have it available so I can check to see what it ended at... I should probably try and find it.
Hmm, so if I generate ~1 BTC a day right now... how much is this going to hurt me?
Difficulty went up to 8xxK today from 567K. So in ten days you'll be getting 1/3 of what you were getting yesterday roughly.
Aikouka
Lifer
1) Get GUI Miner
2) Setup your wallet (online or on your PC)
3) Sign up with a pool and setup wallet details
4) Create a worker at your pool
5) Set your miner to use your worker's settings (worker name + password)
6) Start mining
EDIT:
Ouch... if the price of Bitcoins doesn't rise sharply, I'll probably just bail then :\. I'd still probably make money over the electric use, but whether it will be worth it or I will find people to buy the coins... that's what I can't guarantee.
hans030390
Diamond Member
I bet the decline had something to do with Silk Road being temporary offline and closed to new registrations. Now that it is back up (and the black market that uses BTC seems to be doing fairly well now), I imagine prices will remain at least somewhat more stable. BTC had that incredible growth after the "public" articles/news came out about Silk Road.
Also, once there is a fast way to get USD into MtGox (or other similar ways to buy BTC within a few hours), I imagine prices will increase. It's such a PITA to buy BTC now, and eventually it won't be feasible for the average user to continue mining BTC (unless it is met with a proportional increase in USD value). Once you can quickly, easily, and safely buy BTC with USD, I imagine many people will opt out of mining and continue on with that route. I already do a bit of both, but I primarily mine because it's such a hassle to buy BTC. By the time I get money into MtGox from Dwolla, who knows how the value of BTC will have changed!
I know someone is setting up a site that will allow you to send money to MtGox "instantly". It seems as though that's all the site will offer for now. That could be a potentially excellent service for BTC. Once things like this are implemented, I imagine the value of BTC will increase and be more stable.
there's a couple open box 5850's on newegg http://www.newegg.com/Product/Produ...7320 600007601&IsNodeId=1&name=Radeon HD 5850
ensign_lee
Senior member
Both are out of stock.
That was quick,the 5830 show in stock but you can't add them to your cart http://www.newegg.com/Product/Produ...7320 600007612&IsNodeId=1&name=Radeon HD 5830
Last edited:
artvscommerce
Golden Member
The 5850 is back in stock now, but they now have a limit of 1 per customer, and the price is fairly high.
Last edited:
Here's a link to some general information with a few videos:
http://www.zdnet.com/blog/btl/bitcoin-a-guide-to-the-future-of-currency/50601?tag=nl.e539
http://www.zdnet.com/blog/btl/bitcoin-a-guide-to-the-future-of-currency/50601?tag=nl.e539
Attic
Diamond Member
For those doing this have you noted the value of Bitcoins moves linearly with the difficulty?
If the next difficulty is 1/3 more difficult than todays difficulty, do bitcoins move to trade at 1/3 higher price in the market? Or do they move up but only at something like a 50% rate relative to difficulty increases, ie) 1/6th in this case?
If the next difficulty is 1/3 more difficult than todays difficulty, do bitcoins move to trade at 1/3 higher price in the market? Or do they move up but only at something like a 50% rate relative to difficulty increases, ie) 1/6th in this case?
notty22
Diamond Member
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 25K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 24K
-
-
