Bitcoin - Page 2

cEvin · 10th May 2011, 12:01

how about not needlessly wasting electricity?

Trigger · 10th May 2011, 12:31

for every tree he burns he gets $0.17 in virtual coins
u mad?

A Corpse · 10th May 2011, 13:38

320mhash is pretty fast, what GPU are you using? I only got 70mhash out of my 4850. I wouldn't consider anything faster to be spare scrap.

edit: 6950 I see. That's a $400 video card, and you're not using it for anything else? You'd have to be pretty lucky to make that back, let alone other hardware costs and power.

Juju · 10th May 2011, 14:22

Quote:

Originally Posted by A Corpse

320mhash is pretty fast, what GPU are you using? I only got 70mhash out of my 4850. I wouldn't consider anything faster to be spare scrap.

edit: 6950 I see. That's a $400 video card, and you're not using it for anything else? You'd have to be pretty lucky to make that back, let alone other hardware costs and power.

Yup. You're right. It's a risk I'm taking, with the hope that if the difficulty gets to such a degree that I'm mining next to nothing, I'll pull the card out and sell it on trademe. Hopefully the loss is made up from the coins I have generated.

Ajax · 10th May 2011, 16:10

Bwahaha, what the hell is this nickle-and-dime shit, seriously.

A Corpse · 10th May 2011, 17:13

Wonder if you can rent cloud GPU time somewhere to do this viably?

Sarge · 10th May 2011, 19:33

Bought a 2nd hand 5870 and selling my GTX 460 since it's slow as.
Pretty cheap to upgrade, using an old PC with a true 400W PSU as well so hoping it can run the 5870 - runs the GTX 460 fine heh.

crocos · 10th May 2011, 19:40

GTX460 - how much you wanting for it?

It'd have to be a step up from the 8800GTS I'm rocking at the moment ^_^'

Sarge · 10th May 2011, 19:44

TradeMe around $250?, hardly been used was supposed to rock SC2 with it.
Message me at work could sell to ya

Jodi · 11th May 2011, 07:19

1) Slush wasn't stealing - was a cascaded HW failure or a targeted DDOS attack.
2) Yes someone has investigated using the cloud to do bitcoin mining. But because they all use nVidia, cost == 5 * reward. So it's pointless ATM.
3) 5870 has the same mining speed as a 6950. Miners love these cards.
4) Difficulty just went up 50%. Due to go up again in another 11 days. This is the only real reason you'll never pay back your HW.
5) However the exchange rate just jumped from 3.2 USD / btc to 5 USD / btc. I'm xing fingers the bubble won't burst before I've sold my coins.
6) Or you could speculate that it won't and just buy and sell btc. Lots of money to be made if it keeps going up.

Sarge · 11th May 2011, 23:31

Think this 400W psu I have won't cut the mustard for the 5870 damn have to upgrade ;( it ran my GTX 460 fine. Get around 360 mhash with the 5870 for a bit.

Jodi · 12th May 2011, 07:01

Quote:

Originally Posted by Sarge

Think this 400W psu I have won't cut the mustard for the 5870 damn have to upgrade ;( it ran my GTX 460 fine. Get around 360 mhash with the 5870 for a bit.

The 5870 will draw 16A on the 12v rail. So make sure your PSU can supply at least 20A.

Sarge · 12th May 2011, 08:20

Ran fine overnight no crashes or anything ... think the issue was with ATI overdrive was enabled and so it was OCing the card on the fly. Just left it on defaults and it's perfectly fine.

Juju · 12th May 2011, 10:49

Mtgox hit over $6US overnight.

this bubble hasn't burst yet....

Sarge · 12th May 2011, 12:57

Might build a PC at work and have it running 24/7 hehe

Juju · 12th May 2011, 16:30

Wow... it's a fucken mission for non americans (And esp NZ'ers) to convert bitcoins to cash and vise versa. Especially now that paypal isn't accepted much.

Any protips?

^BITES^ · 12th May 2011, 17:01

Quote:

Originally Posted by Sarge

Might build a PC at work and have it running 24/7 hehe

Yer my 4tb a month box would be well worth it :>

crocos · 12th May 2011, 18:10

Quote:

Originally Posted by Sarge

Might build a PC at work and have it running 24/7 hehe

I'm sure there's more than enough spare CPU cycles on the ESX cluster...

Sarge · 12th May 2011, 18:16

Quote:

Originally Posted by crocos

I'm sure there's more than enough spare CPU cycles on the ESX cluster...

Need GPU so might put it in my test lab and run it 24/7 ...

crocos · 12th May 2011, 18:17

So that mean you're not selling me the GTX 460 then?

Sarge · 12th May 2011, 18:30

I sold the GTX 460 as it sucked for Bitcoins ... plus I don't game so much.

Juju · 13th May 2011, 09:41

Quote:

Originally Posted by Juju

Wow... it's a fucken mission for non americans (And esp NZ'ers) to convert bitcoins to cash and vise versa. Especially now that paypal isn't accepted much.

Any protips?

Found an NZ site that accepts NZ bank payments in exchange for liberty reserve.

www.webmoney.co.nz

Jodi · 13th May 2011, 12:54

Problem is all the bloody fees involved.

Let's say you sell 10 btc for 6 usd on mt gox

trade fee: 0.65% = 0.39c usd ($59.61)
withdraw fee to liberty reserve: mt gox: 1% = 60c usd ($59.01)
withdraw fee to liberty reserve: libert reserve: 1% = 59c usd ($58.42)
curreny conversion (current - 1c = * 1.24) = 72.44 NZD
bank account xfer webmoney: 3% or $10usd: ~$12.50
money in account: 59.95 NZD (fees: 15.05 usd, NZD)

via otc 10 btc @ 6usd = 10 btc @ 7.5 NZD = $75 NZD

Fees eat 20% of your money. Ugh.

Lightspeed · 16th May 2011, 17:15

Some guys reckon Bitcoin is the doom:

http://launch.is/blog/l019-bitcoin-p...t-weve-ev.html

MadMax · 16th May 2011, 20:31

nube: i'm getting 4500 khash/s but no coins after ~ 2 days ... do i need to wait more?

A Corpse · 16th May 2011, 20:44

Use a GPU. CPU is a waste of time. Even 70Mhash from my GPU is expected to take what, 2 months to "solve" a block (50 coins), on average (it's a bit of a lottery).

MadMax · 16th May 2011, 21:51

afaikt it is ... when running i can hear the fan on my 4850 spin up and cpu usage is 0

A Corpse · 16th May 2011, 22:08

No, that's definitely a CPU-level rating.

Use GuiMiner, it can use CPU and GPU.

http://www.bitcoin.org/smf/index.php?topic=3878.0

Jodi · 17th May 2011, 07:02

Quote:

Originally Posted by MadMax

nube: i'm getting 4500 khash/s but no coins after ~ 2 days ... do i need to wait more?

https://en.bitcoin.it/wiki/Mining_hardware_comparison

The 4850 should be getting at least 70,000 khash.

Unless you are mining at at least 1GHash, use pool mining like slush's or deepbit.

1.2 GHash = 2x6990, or 4x6950

Rocket · 24th May 2011, 16:52

I earnt more reading this stupid thread.

Acido · 29th May 2011, 19:48

Should install on our production blade servers they are pretty fast

p01s0n · 30th May 2011, 20:33

rofl

Juju · 4th June 2011, 15:30

Hovering around $15USD on Mtgox now.....

just sayin..

Rocket · 6th June 2011, 13:20

oops that was page 1.

madmaxii · 8th June 2011, 15:29

Over USD$23.00 on Mt Gox now.

Bet the guy who paid 70btc fo a pizza a couple of months ago wished he had a crystal ball.

Juju · 8th June 2011, 17:20

$27.00USD now

50% gain in 24 hours?

Rocket · 8th June 2011, 18:17

Quote:

Originally Posted by Juju

$27.00USD now

50% gain in 24 hours?

I would think running bit coin on corporate network with corporate power would = teh sack.

Quote:

12) Bring PC to work. No keyboard/mouse/monitor installed so setup RDP. RDP into it and video card can't see GPU - great. I guess cause no monitor is plugged in. Go out to Jaycar to buy resistors and plug to make a dummy plug. Plug it in, still can't see GPU. Ffffffffffffff.

DrTiTus · 12th June 2011, 10:18

http://www.dailytech.com/Digital+Bla...ticle21877.htm

It does bounce back a little, but it's a bit of a funny currency to me still.

Lightspeed · 12th June 2011, 11:01

I can see bitcoin gaining some popularity, until the point some big company that buys/sells them gets done for money laundering...

Jodi · 13th June 2011, 07:06

Quote:

Originally Posted by Lightspeed

I can see bitcoin gaining some popularity, until the point some big company that buys/sells them gets done for money laundering...

Pffft, what was that urban legened? Every USD $20 note has traces of cocaine on it?
I would be more scared if the illegal drug trade wasn't using the currency, as that would mean no one had confidence in it.

Oh wait, money laundering? Yea, same point as above. Would be scared if no one was doing it.

10th May 2011, 12:31	#42
Trigger Laserman	for every tree he burns he gets $0.17 in virtual coins u mad? __________________ Are you slow? The alleged lie that you might have heard, me saying, allagedly moments ago... That's a parasite that lives in my neck.

10th May 2011, 13:38	#43
A Corpse talkative lurker	320mhash is pretty fast, what GPU are you using? I only got 70mhash out of my 4850. I wouldn't consider anything faster to be spare scrap. edit: 6950 I see. That's a $400 video card, and you're not using it for anything else? You'd have to be pretty lucky to make that back, let alone other hardware costs and power. __________________ Broke my addiction! Bye bye Eve, hello Minecraft. Wait... >_< Last edited by A Corpse : 10th May 2011 at 13:39.

10th May 2011, 16:10	#45
Ajax Architeuthis	Bwahaha, what the hell is this nickle-and-dime shit, seriously. __________________ Infest my hood with crack 'cause I'm the mack.

10th May 2011, 17:13	#46
A Corpse talkative lurker	Wonder if you can rent cloud GPU time somewhere to do this viably? __________________ Broke my addiction! Bye bye Eve, hello Minecraft. Wait... >_<

16th May 2011, 20:31	#65
MadMax Stuff	nube: i'm getting 4500 khash/s but no coins after ~ 2 days ... do i need to wait more? __________________ My degree of sarcasm depends on your degree of stupidity.

10th May 2011, 12:01	#41
cEvin Love In Vein	how about not needlessly wasting electricity?

10th May 2011, 19:33	#47
Sarge	Bought a 2nd hand 5870 and selling my GTX 460 since it's slow as. Pretty cheap to upgrade, using an old PC with a true 400W PSU as well so hoping it can run the 5870 - runs the GTX 460 fine heh.

10th May 2011, 19:40	#48
crocos	GTX460 - how much you wanting for it? It'd have to be a step up from the 8800GTS I'm rocking at the moment ^_^' __________________ Ξ √ Ω L U T ↑ ☼ N وكل يوم كنت تعيش في العبودية

10th May 2011, 19:44	#49
Sarge	TradeMe around $250?, hardly been used was supposed to rock SC2 with it. Message me at work could sell to ya

11th May 2011, 07:19	#50
Jodi	1) Slush wasn't stealing - was a cascaded HW failure or a targeted DDOS attack. 2) Yes someone has investigated using the cloud to do bitcoin mining. But because they all use nVidia, cost == 5 * reward. So it's pointless ATM. 3) 5870 has the same mining speed as a 6950. Miners love these cards. 4) Difficulty just went up 50%. Due to go up again in another 11 days. This is the only real reason you'll never pay back your HW. 5) However the exchange rate just jumped from 3.2 USD / btc to 5 USD / btc. I'm xing fingers the bubble won't burst before I've sold my coins. 6) Or you could speculate that it won't and just buy and sell btc. Lots of money to be made if it keeps going up.

11th May 2011, 23:31	#51
Sarge	Think this 400W psu I have won't cut the mustard for the 5870 damn have to upgrade ;( it ran my GTX 460 fine. Get around 360 mhash with the 5870 for a bit.

12th May 2011, 08:20	#53
Sarge	Ran fine overnight no crashes or anything ... think the issue was with ATI overdrive was enabled and so it was OCing the card on the fly. Just left it on defaults and it's perfectly fine.

12th May 2011, 10:49	#54
Juju get to da choppa	Mtgox hit over $6US overnight. this bubble hasn't burst yet....

12th May 2011, 12:57	#55
Sarge	Might build a PC at work and have it running 24/7 hehe

12th May 2011, 16:30	#56
Juju get to da choppa	Wow... it's a fucken mission for non americans (And esp NZ'ers) to convert bitcoins to cash and vise versa. Especially now that paypal isn't accepted much. Any protips?

12th May 2011, 18:17	#60
crocos	So that mean you're not selling me the GTX 460 then? __________________ Ξ √ Ω L U T ↑ ☼ N وكل يوم كنت تعيش في العبودية

12th May 2011, 18:30	#61
Sarge	I sold the GTX 460 as it sucked for Bitcoins ... plus I don't game so much.

13th May 2011, 12:54	#63
Jodi	Problem is all the bloody fees involved. Let's say you sell 10 btc for 6 usd on mt gox trade fee: 0.65% = 0.39c usd ($59.61) withdraw fee to liberty reserve: mt gox: 1% = 60c usd ($59.01) withdraw fee to liberty reserve: libert reserve: 1% = 59c usd ($58.42) curreny conversion (current - 1c = * 1.24) = 72.44 NZD bank account xfer webmoney: 3% or $10usd: ~$12.50 money in account: 59.95 NZD (fees: 15.05 usd, NZD) via otc 10 btc @ 6usd = 10 btc @ 7.5 NZD = $75 NZD Fees eat 20% of your money. Ugh. Last edited by Jodi : 13th May 2011 at 12:58.

16th May 2011, 17:15	#64
Lightspeed	Some guys reckon Bitcoin is the doom: http://launch.is/blog/l019-bitcoin-p...t-weve-ev.html __________________ Stay shook. No sook.

16th May 2011, 20:44	#66
A Corpse talkative lurker	Use a GPU. CPU is a waste of time. Even 70Mhash from my GPU is expected to take what, 2 months to "solve" a block (50 coins), on average (it's a bit of a lottery). __________________ Broke my addiction! Bye bye Eve, hello Minecraft. Wait... >_<

16th May 2011, 21:51	#67
MadMax Stuff	afaikt it is ... when running i can hear the fan on my 4850 spin up and cpu usage is 0 __________________ My degree of sarcasm depends on your degree of stupidity.

16th May 2011, 22:08	#68
A Corpse talkative lurker	No, that's definitely a CPU-level rating. Use GuiMiner, it can use CPU and GPU. http://www.bitcoin.org/smf/index.php?topic=3878.0 __________________ Broke my addiction! Bye bye Eve, hello Minecraft. Wait... >_<

24th May 2011, 16:52	#70
Rocket	I earnt more reading this stupid thread. __________________ Later Boltz!

29th May 2011, 19:48	#71
Acido	Should install on our production blade servers they are pretty fast

30th May 2011, 20:33	#72
p01s0n	rofl __________________ \|\|hellameke.com Image host of NZG pro's\|\|Tu meke Tu much\|\|

4th June 2011, 15:30	#73
Juju get to da choppa	Hovering around $15USD on Mtgox now..... just sayin..

6th June 2011, 13:20	#74
Rocket	oops that was page 1. __________________ Later Boltz! Last edited by Rocket : 6th June 2011 at 13:23.

8th June 2011, 15:29	#75
madmaxii	Over USD$23.00 on Mt Gox now. Bet the guy who paid 70btc fo a pizza a couple of months ago wished he had a crystal ball. __________________ Carpe Diem

8th June 2011, 17:20	#76
Juju get to da choppa	$27.00USD now 50% gain in 24 hours?

12th June 2011, 10:18	#78
DrTiTus HENCE WHY FOREVER ALONE	Bitcoin loses 1/3 of its value in 24 hours http://www.dailytech.com/Digital+Bla...ticle21877.htm It does bounce back a little, but it's a bit of a funny currency to me still. __________________ Finger rolling rhythm, ride the horse one hand...

12th June 2011, 11:01	#79
Lightspeed	I can see bitcoin gaining some popularity, until the point some big company that buys/sells them gets done for money laundering... __________________ Stay shook. No sook.