I was looking into mining a little while ago, but with just a single PC right now its not Like I'd really make a bunch of cash, plus with summer here anyone with a farm would be heating their PC room up well.
Does speedguide have a mining operation for bitcoins?
If not, any plans on starting?
Speedguide Bitcoin pool...
"I'm like a lion on the prowl after prey"
I was looking into mining a little while ago, but with just a single PC right now its not Like I'd really make a bunch of cash, plus with summer here anyone with a farm would be heating their PC room up well.
Purchased some once for an app i needed. Lookedintpominning. fromwhat i read, los of CPU power, and its getting harder and harder to generate coins. Dont remember the exact details.
----Taken from http://startbitcoin.com/-----
Fran Tarkington June 30, 2011 at 5:43 am #
Let’s say I worked at a large hardware reseller and I had access to 8 or so servers that were sitting in my datacenter completely dormant. Would it be possible to set up a mining operation using these servers. They are a mix of D*** and H* servers and blades. They range in specs from 2.2Ghz to 3.06Ghz and have 16Gb-48Gb of ram. We have an OC-3 going into our datacenter. Could this suffice as a mining unit?
Thinkweis June 30, 2011 at 2:57 pm #
It would be very inefficient. You would probably only get around 15-25 Mhash/sec per CPU and your energy costs would go through the roof. ATI graphics cards are the only real way to mine if you are interested. I would recommend buying Bitcoins for the investment if you are not currently in a position to mine.
----Taken from http://startbitcoin.com/-----
Ye even with my AMD Phenom x6 1055T I'm only really doing 7.3-7.8 Mhash/s which is largely insignificant. Check this out: https://en.bitcoin.it/wiki/Mining_rig
I ended up selling my ATI Radeon HD 5770 but even then it was only one card and that's not really much help.
So practically your best bet is to join a pool or maybe if someone looked into it and figured out how to do it... create a pool of their own like say SG creates a pool and we all join in on the fun.
Everyone in on it gets a small share of bitcoin when it's found and it just accumulates to a certain amount before payout for each person. Of course SG would take in their own share as well.
"I'm like a lion on the prowl after prey"
We can start a pool if there is interest, let's say if there are 5+ people that would commit to participate for it to make sense ?
We would be a bit late to the party.
CPU hashing is very time inefficient. GPU mining is about two orders of magnitude more effective, however the processors do take a beating while running the software. It is arguable that the cost of equipment, electricity and heat management, would make this worthwhile.
I am not saying no, but do research.
Hell_Yes
Luck is where preparation meets opportunity - Seneca
"Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that 'my ignorance is just as good as your knowledge.'" - Isaac Asimov
It is my ambition to say in ten sentences what others say in a whole book. - Friedrich Nietzsche
Interesting point David... GPU mining is definitely better/more efficient than CPUs, still, would return justify the investment ?
After reading a bit, seems AMD GPUs (recommended by Bitcoin for better efficiency) draw 250-300 watts of measured power at full load.
References:
http://www.tomshardware.com/reviews/...n,2818-21.html
http://www.tomshardware.com/reviews/...w,3154-11.html
At 250 watts:
250 watts * 24 hours / 1000 = 6kWh per day
30 days * 6kWh = 180 kWh * $0.12 (12 cents per kWh) = $21.60 per month
So, it would likely cost $20 - $25 monthly to run a recent GPU at full load 24 hrs per day. (you may have to add a few bucks for the rest of your machine not being shut off or in sleep mode at night as well).
I have to read up on this a bit. Can you trade or exchange bitcoins for real money?
Sliding down the banister of life ..........................
Oh, I guess there's many factors to it.
Sliding down the banister of life ..........................
I have not folded for a while, but now, why not. No longer a heat issue, never an isp isuue, it's a good thing. I have a friend who immegrated to england, and he might not last the year. Very sad. Cancer. His parents live right up the street. I hope/pray he/we/she/somebody/antibody beats it!
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