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Old 10th May 2011, 12:01     #41
cEvin
Love In Vein
 
how about not needlessly wasting electricity?
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Old 10th May 2011, 12:31     #42
Trigger
Laserman
 
for every tree he burns he gets $0.17 in virtual coins
u mad?
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Old 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.
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Last edited by A Corpse : 10th May 2011 at 13:39.
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Old 10th May 2011, 14:22     #44
Juju
get to da choppa
 
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.
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Old 10th May 2011, 16:10     #45
Ajax
Architeuthis
 
Bwahaha, what the hell is this nickle-and-dime shit, seriously.
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Old 10th May 2011, 17:13     #46
A Corpse
talkative lurker
 
Wonder if you can rent cloud GPU time somewhere to do this viably?
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Old 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.
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Old 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 ^_^'
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Old 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
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Old 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.
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Old 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.
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Old 12th May 2011, 07:01     #52
Jodi
 
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.
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Old 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.
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Old 12th May 2011, 10:49     #54
Juju
get to da choppa
 
Mtgox hit over $6US overnight.

this bubble hasn't burst yet....
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Old 12th May 2011, 12:57     #55
Sarge
 
Might build a PC at work and have it running 24/7 hehe
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Old 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?
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Old 12th May 2011, 17:01     #57
^BITES^
 
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 :>
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Old 12th May 2011, 18:10     #58
crocos
 
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...
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Old 12th May 2011, 18:16     #59
Sarge
 
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 ...
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Old 12th May 2011, 18:17     #60
crocos
 
So that mean you're not selling me the GTX 460 then?
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Old 12th May 2011, 18:30     #61
Sarge
 
I sold the GTX 460 as it sucked for Bitcoins ... plus I don't game so much.
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Old 13th May 2011, 09:41     #62
Juju
get to da choppa
 
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
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Old 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.
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Old 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
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Old 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?
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Old 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).
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Old 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
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Old 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
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Old 17th May 2011, 07:02     #69
Jodi
 
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
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Old 24th May 2011, 16:52     #70
Rocket
 
I earnt more reading this stupid thread.
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Old 29th May 2011, 19:48     #71
Acido
 
Should install on our production blade servers they are pretty fast
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Old 30th May 2011, 20:33     #72
p01s0n
 
rofl


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


just sayin..
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Old 6th June 2011, 13:20     #74
Rocket
 
oops that was page 1.
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Last edited by Rocket : 6th June 2011 at 13:23.
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Old 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.
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Old 8th June 2011, 17:20     #76
Juju
get to da choppa
 
$27.00USD now

50% gain in 24 hours?

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Old 8th June 2011, 18:17     #77
Rocket
 
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.
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Old 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.
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Old 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...
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Old 13th June 2011, 07:06     #80
Jodi
 
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.

Last edited by Jodi : 13th June 2011 at 07:07.
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