May 2013
1 post
Anonymous asked: What is bitcoin-mining?
April 2013
26 posts
Anonymous asked: So how do I actually start mining in a pool? Is there a list of pools somewhere, hopefully with ranking by payout share, etc? I have the default program installed and updated: Bitcoin version v0.8.1-beta, and there's nothing about mining solo OR in a pool, and didn't even have an option to create a new Wallet, which some other vague instructional inclined. My system: Radeon 7950+Intel...
Great article on AMD Radeon vs Nvidia GPU's:...
http://www.extremetech.com/computing/153467-amd-destroys-nvidia-bitcoin-mining
Anonymous asked: I have an older 1.6 gig box with older decent graphics card. If I join a pool (slush) is it worth it to even try for solving a block or two? Electricity high and outdated hardware. Box will be dedicated, stay on always though. I started programming Bitcoin API stuff into ecommerce app, and became interested for the novelty of it at this point. Great site man. Thanks.
Mining Profitability and Hardware Spec Links
I just wanted to post a couple of handy links for everyone as I get a lot of questions regarding the efficiency/profitability of mining an various hardware. This calculator will help you estimate the profitability of mining depending on a variety of factors: http://www.bitcoinx.com/profit/
And this link will help you compare the specs of various mining hardware, like GPU’s, FPGA’s,...
Anonymous asked: I am apologize if this is a repeat question, but I cannot find any answer to this one anywhere. I was curious I started bit mining yesterday just for something to do, and its going at .0079 BTC/ day. At this rate it will take roughly 130 days to make 1 BTC. Now with say the Asic 50 Gh/s according to the calculators I will earn roughly 3.2 BTC/ day. My question being if I make the investment wil I...
Anonymous asked: Complete newb here: I have a pretty basic box - i5 2400 processor, 1Gb nVidia 550Ti, and 12Gb Memory. Worth joining a pool with this thing? And if so, what sort of return/timeframe would I expect?
Anonymous asked: I've got a gaming rig I built awhile back with a phenom II and a Radeon 6850. Do you think this rig would be good enough to turn a profit?
Anonymous asked: Now that the Avalon machines have entered the hash pool and the BFL rigs are soon to be released, how do you think it will effect the small miners doing this as a hobby or even second source of income? Is it worth entering the hash pool with GPU rigs?
Anonymous asked: nvidea
Anonymous asked: I couldn´t find any guide about how to go solo mining. every page says that is possible to go solo, but only explains poolmining. the only guide about solo mining is too old and doesn´t work anymore. is there another way to do that or can u only go pool mining?
Anonymous asked: Do you think the Bitforce products will ever actually ship? It looks like they've been "two months away" for a year. If/when they do, do you think that the value of Bitcoins will crash when everyone is mining at 10x-100x the rate that they previously were?
Anonymous asked: What do you think of Butterfly Labs' 5 GH/s Bitcoin Miner for someone on a budget?
Anonymous asked: Is it too late to start mining as of 4/16/13 or should i just give up and accept the fact that i missed the bus.
Anonymous asked: with all those equipments turned on, wont it spend a ton of electricity? Were i live we pay for the ammount we use. could that be a big problem to me? TY
Anonymous asked: I'm thinking about buying a BFL 25GH/s miner. I also emailed them about when I should anticipate the arrival of my miner, and they said it should be somewhere around mid-july. Do you think that this technology will become obsolete by then?
Anonymous asked: Are ASICs almost "plug&play" or do they require some solid knowledge (code/electronics...) ? (noob speaking, but i've been lurking for a moment now)
Anonymous asked: Thoughts on litecoins (assuming you've heard of them) and getting into mining these instead of bitcoins in regards to getting a special rig to mine them?
Anonymous asked: How do I mine solo on my own with a Mac?
travturn asked: I'm interested in getting a BFL Mini Rig SC and putting it in a colo facility. Any advice or things to be aware of? I've heard they are $30k. That right? How much power do they consume? Is it the best mining rig available? Thx!
Anonymous asked: How much profit have you made in your mining career?
Anonymous asked: If I know nothing about mining, or computers for that matter, can I start mining? Are there instructions?
Anonymous asked: when i am using GUIminer, it keep saying "Openclminer" id not definded, so what can i do?
Anonymous asked: What time is it?
mistaaah asked: How do we get paid for the bitcoin mining? ive set up a wallet , the guiminer and registered with a pool. please explain, im a noob.
Anonymous asked: I am running 10.5.8 on MPB1,2 and would like to do some GPU mining... is this even possible?
Anonymous asked: I know this isn't much of a question, but i've read through what you've previously answered and would like to say thank you for the great advice!
February 2013
3 posts
Anonymous asked: What do you think about other crypto-currencies, especially Litecoin? I mean when ASIC´s are common what are other GPU/FPGA miner like you gonna do? Don´t you think they are the future then and will grow? And AFAIk is the 2nd biggest, right? I don´t understand much about the has-algorythm´s they use and therefore not much about the hardware they need. Beside that FPGA is...
Anonymous asked: why do you always respond and answer people who dont know anything about bitcoin mining and want to start mining, but yet are way to lazy to read up and research everything on their own? it seems like every tom , dick, and harry come on here for an easy answer on what and how to do. your response to them SHOULD be to read up more information on the net because everything they want to know is on...
Anonymous asked: The Bfl 4.5ghash worth it? How much can I earn a month? Now at current difficulty and say dbl the difficulty?
Unimpressed by Avalon
It’s been all over the Bitcoin blogosphere lately: Avalon has shipped their first ASIC processors and Jeff Garzik has plugged in the very first rig and verified it hashes at (and even a little above) the advertised rate. I should probably be a lot more excited by this, but for reasons I can’t quite put my finger on I’m just not. Maybe it’s the prospect of smaller sleeker ASICs that use less power...
January 2013
13 posts
Anonymous asked: can i mine bitcoins on my phone ?
Anonymous asked: Hello I Just Recently discovered bit coin minning i own a cyber cafe and am looking to use the pcs on slow days or over night to generate more income i curently have 12 rigs set up and configured them all to work with Guiminner my pcs dish out a avg of 97.3/Mhash Is this something that is worth doing? acording to some bitcoin calculators i really wont be making anything? Should i take my 12 pcs...
freeneezzy asked: I am thinking about bit coin mining. My question is the banking industry as well as the CIA are seriously looking at utilizing the program much like PGP was during it's inception. (I worked in banking as a tech) Do you feel knowing this that bit coin mining is sustainable by independents as open source environment once aprroved by various government sectors for use?(entirely speculative...
Anonymous asked: what kind of computer do i need to mine
Avalon Ships First - Implications
There’s a lot of panic and drama surrounding Avalon’s recent announcement that they have shipped the first ASIC Bitcoin mining hardware to their waiting customers. Many feel like they chose incorrectly, put their money into the wrong company and that this choice is going to impact them dramatically. Many fear that the difficulty will skyrocket and ruin their profitability, but how realistic are...
Anonymous asked: how do i download the bit coin miner software?
Anonymous asked: Just getting started. I could spend the $ 1300 for the new chip. What is the difference between that chip & the lesser $$$ chip. Also, I have newer laptop. Should I buy a new PC with a fast processer? If so what is recommended, especially if I go with the new 60GH/s chip. What is average return on investment say for 6months of mining? Thanks!
Anonymous asked: What is a good signle GPU for bitcoin mining for <=$600?
Anonymous asked: I'm just getting into bit coin mining. I pre-ordered the Butterfly labs Single SC 60 GH/s. I am using an old Mac Pro. I realize I may need to buy a new computer once my Single SC arrives. What kind of computer systems should I buy, how much would it cost, and where is a good place to shop for one?
Anonymous asked: how do you mine
Anonymous asked: what is bit coin?
Anonymous asked: Hello! Is there a place on the web which explains how does the bitcoin is being created? Thank you!
October 2012
2 posts
14 tags
10 tags
HPCWire - Digital Gold Rush Powered by GPUs →
Rob Gelber @(@RGelber) writes on HPCwire about how CoinLab (@CoinLab) plans to put its customer’s fleet of GPUs to work in a new way. Excerpts:
“[CoinLab’s] contributors form a crowd-sourced supercomputer, powered by off-the-shelf gaming GPUs. The cluster is constantly crunching out the encryption to earn Bitcoins.” - “New [ASIC] equipment has some GPU users feeling...
September 2012
3 posts
19 tags
27 tags
Bitcoin version 0.7.0 released →
bitcoin:
A significant new release of the Bitcoin-Qt and Bitcoind clients from Bitcoin.org, v0.7.0, is now available for download.
This v0.7 release includes a number of new features, performance improvements and bug fixes and is the first major feature release since the v0.6 release nearly six months ago.
A subset of the improvements includes:
Calls for better privacy are answered with Tor...
18 tags
David Perry - Bitcoin Mining In Plain English →
A blog post by David Perry (@KJ6CCZ) gives a thorough explanation of how mining works without any of the specific details that “might scare the non-techies”. Excerpts:
Core concepts and terms:
Hash: I tell you that I added two numbers together and the result was 14,862. Given only that number there’s no way you could tell me what two numbers I added to get that total, but it...
August 2012
1 post
13 tags
List Of Mining Pools And Their Reward Methods →
Forum user organofcorti posts a handy resource for use in choosing a Mining pool.
Each entry in the list includes the listed pool’s hashrate, reward method and fee as well as a link to that pool’s discussion thread to further learn about each specific pool.
The first reply in the thread describes in more detail each of the reward methods.
In late November or early December 2012 the...
June 2012
5 posts
20 tags
