Thread: Bitcoin
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Old 20th April 2011, 15:06     #14
Jodi
 
Starting mining 17th of February @ 70 Mhash/second (760i5 + Radeon 5570, 13.8 + 60)

Unless you have a few quad Radeon 6990 rigs, solo mining is a waste of time. I would suggest pool mining, where you get a % of the 50bt prize when the pool gets one.

I use slush's pool at http://mining.bitcoin.cz

I was getting a coin/day until mid march, now I average around 0.8 coins/day. My worst was 0.56 coins in 1 day, by best was 1.89 on the 24th of Jan (after the first /. but before the 2nd /. effect).

Now I got me a Radeon 6870 ($360), so i'm mining at 300 Mhash/second all up. That'll give me about 3.5 coins / day. I got a 5850 (same speed but $280) but it was faulty :-( the 58xx and 59xx series are best for mining, but are rare as hen's teeth.

Current exchange rate is 1 bitcoin == 1.8 USD. 1USD = 1.27 NZD therefore 1 bitcoin = 2.286 NZD.

My box uses around 225W when mining, so that's 5.4kwh/day. At 26c/kwh, it costs me $1.4 / day in power to mine.

Soooo. For a day's mining I get (2.286 * 3.5) - 1.4 == $6.60

Last edited by Jodi : 20th April 2011 at 15:09.
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