How Do I Bitcoin mine ?

[Durvelle27]

Ok i remember a little while back a few guys here were telling me about bitcoin mining and now i finally upgraded my video card and want to know how to bitcoin mine. Thx for any help i receive

 

[chimaxi83]

There is a rather large thread here, in this very sub forum, discussing mining. Search takes two seconds. I'd link it, but I'm on mobile, and well, teach a man to fish...

 

[Durvelle27]

There is a rather large thread here, in this very sub forum, discussing mining. Search takes two seconds. I'd link it, but I'm on mobile, and well, teach a man to fish...

lol thx and yea ik about that thread but i cant find it ?

 

[thilanliyan]

It should be on the 1st or 2nd page of the video card forum.

 

[Durvelle27]

how come they didn't sticky it

 

[Unheard]

how come they didn't sticky it

Because it was a fad that cost more to mine than you got in return. The value of it crashed fairly quickly after it was introduced.

 

[Chiropteran]

Because it was a fad that cost more to mine than you got in return. The value of it crashed fairly quickly after it was introduced.

Not true.

 

[thestrangebrew1]

Thread: http://forums.anandtech.com/showthread.php?t=2167303

I'm interested also, although I don't kknow if my hardware will support it currently.

 

[Chiropteran]

I'm interested also, although I don't kknow if my hardware will support it currently.

With an nvidia card, basically no. You can mine, but it's not worthwhile.

 

[thestrangebrew1]

With an nvidia card, basically no. You can mine, but it's not worthwhile.

I posted my question in the actual thread, but I wanted to try it on my server (adding a gpu of course) that's on 24/7.

 

[Durvelle27]

were do i find my wallet address

 

[blastingcap]

You are in the wrong forum for these series of q's. Go to bitcoin.org or bitcointalk.org and search. Heck, even Google will get you answers faster.

 

[hyrule4927]

Because it was a fad that cost more to mine than you got in return. The value of it crashed fairly quickly after it was introduced.

Except not . . . but feel free to keep spreading misinformation. Meanwhile I'll be cashing in my bitcoins for $10 each.

 

[Durvelle27]

getting 358.9 Mhash/s wonder if i can get higher

 

[VulgarDisplay]

Because it was a fad that cost more to mine than you got in return. The value of it crashed fairly quickly after it was introduced.

Bitcoins are worth about $10-11 right now? How is that not valuable. I just started a few week sago and have made $40 so far.

 

[blastingcap]

No you haven't, not when you factor in electricity and depreciation unless you were going to get the card anyway. Difficulty is going to go up by a factor of 10-20 soon due to reward halving and ASIC/FPGA mining, so if you haven't gotten into the mining game by now, it's probably too late to actually make money after all expenses are accounted for. Anyway, this "Durvelle" guy may want to check out bitcoin.org and bitcointalk.org instead of spamming a zillion posts asking fundamental questions about mining. We have a few experienced miners here, but there are thousands of experienced miners on bitcointalk.org so that's where he should go to ask questions.

 

[WhoBeDaPlaya]

Because it was a fad that cost more to mine than you got in return. The value of it crashed fairly quickly after it was introduced.

I'm not sure what you're smoking , but even back when the value crashed to ~$4, it was still profitable for a lot of folks to mine. My cost to mine each coin was ~$2, so yeah, not exactly Gangnam Style, but still profitable.

 

[philipma1957]

No you haven't, not when you factor in electricity and depreciation unless you were going to get the card anyway. Difficulty is going to go up by a factor of 10-20 soon due to reward halving and ASIC/FPGA mining, so if you haven't gotten into the mining game by now, it's probably too late to actually make money after all expenses are accounted for. Anyway, this "Durvelle" guy may want to check out bitcoin.org and bitcointalk.org instead of spamming a zillion posts asking fundamental questions about mining. We have a few experienced miners here, but there are thousands of experienced miners on bitcointalk.org so that's where he should go to ask questions.

with weather getting colder your pc can be used to lower your heating bill. I use 425 watts to hash about 1650

mHash.

since the 425 watts give off heat about 2200 btu and I run that 24/7 that has a secondary value.


My power bill for 425 watts 24/7 is about 425watts x 24hours x 30days x .225dollars per k watt = $68.85


so I get 2200 btu per hour that is 1.5 million btu a month in heat.

this is 1500 cu ft of gas my cost for 100 cu ft is about $1.10 .

so the heating value of my gpu mining is worth 15 x 1.10 or about 16 or 17 bucks.


the electric power cost is about 68.85.

so my net power cost is just over 52 bucks a month.

so 5 coins at 10 bucks I break even.


since aug 17 to sept 14 I did 18 coins or about 180.

I would profit 120 to 130 a month. so even if the price drops to 6 bucks I profit.

now if price drops to 6 bucks and I earn 9 coins a month I break even.

 

[RussianSensation]

getting 358.9 Mhash/s wonder if i can get higher

Put this flag in:

-v -w 128 -f1

Bitcoins are worth about $10-11 right now? How is that not valuable. I just started a few week sago and have made $40 so far.

That's good. Less believers, more for the rest of us

 

[Durvelle27]

Put this flag in:

-v -w 128 -f1



That's good. Less believers, more for the rest of us

i did do that. but then i increased my core clock to 900Mhz and decreased my memory clock to 300MHz and now i get 367.8 Mhash/s

question what's a good pool to use right now i'm using BTCGUILD

 

[RussianSensation]

I like that pool. BTCGuild generally is stable despite the 5% fee. Sometimes I also run bitminter.com client since it uses almost no CPU power.

Right now at BTCGuild you can mine for a bit using their new Stratum Pool
https://www.btcguild.com/stratum_beta.php

Just launch the Proxy (With GUI Miner I just directed it to Other and have the Proxy started, then pressed Star mining and it worked automatically). If you shut off the Proxy window, it won't mine.

 

[Durvelle27]

I like that pool. BTCGuild generally is stable despite the 5% fee. Sometimes I also run bitminter.com client since it uses almost no CPU power.

Right now at BTCGuild you can mine for a bit using their new Stratum Pool
https://www.btcguild.com/stratum_beta.php

Just launch the Proxy (With GUI Miner I just directed it to Other and have the Proxy started, then pressed Star mining and it worked automatically). If you shut off the Proxy window, it won't mine.

i have no clue how to set that up ?

 

[wlee15]

i did do that. but then i increased my core clock to 900Mhz and decreased my memory clock to 300MHz and now i get 367.8 Mhash/s

question what's a good pool to use right now i'm using BTCGUILD

Make sure your memory clock is actually set at 300mhz because most 6XXX cards need the memory clock to be at least within 150mhz or so of the core clock, and if its not it may revert to the default memory clock.

 

[Durvelle27]

Make sure your memory clock is actually set at 300mhz because most 6XXX cards need the memory clock to be at least within 150mhz or so of the core clock, and if its not it may revert to the default memory clock.

just checked and your right it defaulted back to 1250MHz how do i get it lower

 

[WhoBeDaPlaya]

Make sure your memory clock is actually set at 300mhz because most 6XXX cards need the memory clock to be at least within 150mhz or so of the core clock, and if its not it may revert to the default memory clock.

Not true. Just install ATI Tray Tools. I run my 6950s memory at 300MHz.