BTC on the move: +$7 USD

[KaptainBlaZzed]

BTC just broke $7 USD, that has not happened for quite a few months. :)

On a side note, i put in a pre-order for one or the BFL Jalapenos. Anybody else going to get the new ASIC hardware?

[Sparky]

So this means my old wallet from about a year ago that has 0.06 BTC in it is worth 42 cents? :lol:

I do wonder how my 7950 would do at this.

[Alpha]

I placed on order on the 23rd for a Jalapeno. I hope I'm one of the first. :)

I still have a hundred or so, and am mining with ~3GH/s

[BeepBeep2]

Those BitForce Jalapenos look like they would repay the investment pretty quickly! O:

I might have to get one myself, or even one of the Single SCs :D

[Liam_G]

Anybody got some power consumption numbers for the Bitforce Jalapeno 3.5Gh/s? I've got 30BTC just sitting in my wallet, this would be a good way to use it, but only if the power consumption is very low, I pay .24c/kWh. if its less than the comparable hashes/watt of the BFL Single which is ~320watts power consumption for 3.3Gh/s then sweet as! Somebody mentioned it is powered via usb, meaning less than 5watts right? that would be nuts. There is a cloud of mystery around this thing though so I'm more than a little sceptical.

[KaptainBlaZzed]

Nobody knows what the power consumption is going to be, right now it is all speculation.
For 22BTC i took a chance and wanted to be one of the early adopters. I am hoping for the best. :)

[[XC] Oj101]

According to this thread (http://www.overclockers.com/forums/showthread.php?p=7231854) it's 80 watts for ~ 800 MHash/sec.

[NKrader]

what 9000!!

[KaptainBlaZzed]

Oj101;5118299']According to this thread (http://www.overclockers.com/forums/showthread.php?p=7231854) it's 80 watts for ~ 800 MHash/sec.

That is for the current BFL Singles, and with a firmware upgrade it is closer to 900MHash/sec.

[Liam_G]

Nobody knows what the power consumption is going to be, right now it is all speculation.
For 22BTC i took a chance and wanted to be one of the early adopters. I am hoping for the best. :)

Yeah, I dropped 26 BTC on one as a speculator (Shipping to Australia incl.) I had forgotten I had 30BTC sitting in my wallet anyway, was never going to sell them and hadn't found anything good to buy with straight BTC yet, until now. Only have to wait like 3 months for this thing to ship though, lol. I had thought I might wait for the BTC price to rise so I could afford 2 jalapenos but really can't be bothered keeping track of it until i'm bringing them in again.

Judging by the offer BFL is making replacing the single for a 50% discount on the BFL SC or 8 Jalapenos I assume they compete quite well in terms of power, as well as being a lot cheaper. BFL said they will outpace the current range quickly so that has to include power consumption being better.

Anyway, we shall see. 3.5Gh/s for $150 is a bet I'm willing to take!

[slaveondope]

what 9.000!!

Coming soon ;)

I know more around here are still involved :cool:

[KaptainBlaZzed]

BTC > $8 USD :)

Anybody know what is making the price jump??

[RoadconeTuning]

I'm so beyond lost as to what you guys are talking about and i thought i had a pretty good grasp on odd internet things... google didnt help lol

[Liam_G]

I'm so beyond lost as to what you guys are talking about and i thought i had a pretty good grasp on odd internet things... google didnt help lol

Bitcoin, secure* virtual currency. People with AMD graphics cards or FPGA's can 'mine' these coins and speculation on the market means you can make some money from it, for a while. Google "bitcoin", there is lots more to it.

*bitcoin itself is secure but the holding of the coins and the way they are used can be shady.

there is also substantial manipulation of the market price via large dumping or buying of coins, same as all share markets really but it is such a small market that a single large investor can initiate huge swings in price. i think we may be seeing a little bump in price now, large investors steadily buying coins in large blocks and upping the price, getting more people to try their hand and then when it reaches say $10+ the big guys will dump again and the price will crash.

[KaptainBlaZzed]

BTC > $9 USD, I think i might unload a few at this price :)

[tool_462]

Man I lost track of BTC when it burst awhile ago, glad I sold mine all at $29+ but cool to see it rebounded :D

My wife still can't believe she got a 2008 Ford Explorer with 7,000 miles on it paid for in cash with a PayPal MO :p

[KaptainBlaZzed]

+10 USD today :)

[KaptainBlaZzed]

BTC on a roll > $11 USD :):)

[Sparky]

I still wish I got in this when it was easy to mine. Although my card I had at the time was worthless for mining, so.... :p:

[Movieman]

Can I tell you guys that I've already received over $2000.00 from MJ12...:D

[tool_462]

Can I tell you guys that I've already received over $2000.00 from MJ12...:D

What's MJ12?

You don't want to know how much I made when BTC hit $28+ and I liquidated...

[KaptainBlaZzed]

Can I tell you guys that I've already received over $2000.00 from MJ12...:D

I have gotten about $100 for MJ12 from work i did many years ago.

[[XC] Oj101]

MJ12 gives cash? o.0

[BeepBeep2]

Alright, time for me to sell enough parts to buy a BitForce Single...even if BTC crashed again, the new FPGAs would still turn a profit vs energy costs

[KaptainBlaZzed]

BTC > $13 USD :) :) :)

Cashing in some coins!

[OldChap]

If you have coins still it may pay you to look at the market http://bitcoincharts.com/markets/

Currently in the order of $17

[Zloyd]

Any idea whats making the price go up ? Am sitting on a few coins , this price is gonna come handy as im in a bit of a financial crunch personally :P

[OldChap]

No Idea at all. I don't really follow mining any more. I just happened to see this by chance

[BeepBeep2]

Any idea whats making the price go up ? Am sitting on a few coins , this price is gonna come handy as im in a bit of a financial crunch personally :P
Difficulty, confidence, ASIC miners will be out in a few months and I wouldn't be surprised if the price climbs close to $25-30 again.

[BeepBeep2]

Bitcoin is on the move, $46, omg.

[Alex-Ro]

Crap,i sold like 10 in octomber for 14$ a piece to a local guy....And to make a coin these days is a pain in the *** with videocards...

[Panther_Seraphi]

Coins are still going up now nudging 80 dollars a coin

Just sold 2.6 for 140 pounds sterling

[slaveondope]

99 problems but a bitcoin ain't one.
http://bitcoinity.org/markets

http://kveras.se/public/mtgox_wall/2013-04-01%2016:06:17.png

[desnudopenguino]

This is nuts. I've been watching and pooping my pants for the past few months. Also, litecoin has gone up about 30x over the same time period. Get yo crpyto and make it count fellas!

[slaveondope]

$140 a day later. How those nuts feeling?:rofl:

[tool_462]

I'm kicking myself every morning for selling 1,000+ and "getting out" back in the mid to high $20's a couple summers ago.


To think that a few 5830's made me that much money and would've made me over $100,000 in such a short amount of time is stupid.

[ggdh]

I had about 100 BTC. Sold it for 5$ when the price was dropping. I had no chance to buy it back... So yesterday I bought back 3 BTC (3!) and exchanged them to LTC. Over the night I tripled the value.
But it is still 800-900$ instead of 15k $ :shakes:

[BeepBeep2]

I'm kicking myself every morning for selling 1,000+ and "getting out" back in the mid to high $20's a couple summers ago.


To think that a few 5830's made me that much money and would've made me over $100,000 in such a short amount of time is stupid.
I think a lot of us are kicking ourselves...

LTC is extremely profitable ATM and I think it will continue to be on GPUs for a while as long as it doesn't flop, got 2x 5770, 2x 6870 and 2x 6970 to go on LTC later this week.

It the price stays where it is, looking at $600-1.5K/month, if it balloons in the future further, $2-3K/month...

But ~1500-1600w power draw is pretty bad...

I'm looking to expand to about ~3000w/4000 khash for LTC then let it run wild...

[tool_462]

I think a lot of us are kicking ourselves...

LTC is extremely profitable ATM and I think it will continue to be on GPUs for a while as long as it doesn't flop, got 2x 5770, 2x 6870 and 2x 6970 to go on LTC later this week.

It the price stays where it is, looking at $600-1.5K/month, if it balloons in the future further, $2-3K/month...

But ~1500-1600w power draw is pretty bad...

I'm looking to expand to about ~3000w/4000 khash for LTC then let it run wild...

I've had free electricity for the past 3 years too. Had a decent farm but my original 5830 did 95% of my coin gains back when you could get 20 coins/day with a single crappy card. For a few nights I even mined LTC on my Galaxy Nexus, just for the fun :p

[GeorgeStorm]

How do LTC compare/relate to BTC?

I currently have 10BTC in the bitclockers pool which I can't get due to some dodgy admins.... (by the sounds of it)

But not sure I really want to invest anything into mining again in case the market collapses again :/

[BeepBeep2]

HD 6870 worth 300-350 khash for LTC...
HD 6970 worth about 500...
HD 5770 worth about 200-220...

Overclocked of course...

@4.2 USD/LTC, at current difficulty it equates to $1200 a month profit for the six cards since I have 2 each assuming I can get 2000-2200 khash/s out of them.

The price has been floating between 2 and 4 USD the last week, dropped for a few days because someone dumped like 60000 LTC all at once at BTC-e.

I imagine that price and difficulty will go up the next few months as ASICs continue to saturate the bitcoin market, I'm hoping to $10-20 or so...

[desnudopenguino]

And with that the bubble burst.

GeorgeStorm, keep trying to withdraw. I randomly got a payout a week or so ago. Request payout a few times a day at random times and it will eventually get to you.

BeepBeep2, you are pulling 300 ltc a month with that hardware? I should switch over. I'm getting about the equivalent in mhash mining bitcoins, but you can convert ltc to btc at that rate and do much better (~50ltc = 1 btc, so 6 btc a month vs about 3 btc through mining)

Edit: My mind must be broken. I read 2000-2200 as 1000-12000 khash. That works out a little closer to what is really happening, but still profiting from ltc over btc is nice, and ltc can really only go up right now. Can you PM me with the miner you are using and your settings? I am only pulling 60k with my 5770.

[Ivanlabrie]

Mining ltc and then converting to btc is much better...doing so currently on my brand new 6950 1gb :D

[BeepBeep2]

And with that the bubble burst.

GeorgeStorm, keep trying to withdraw. I randomly got a payout a week or so ago. Request payout a few times a day at random times and it will eventually get to you.

BeepBeep2, you are pulling 300 ltc a month with that hardware? I should switch over. I'm getting about the equivalent in mhash mining bitcoins, but you can convert ltc to btc at that rate and do much better (~50ltc = 1 btc, so 6 btc a month vs about 3 btc through mining)

Edit: My mind must be broken. I read 2000-2200 as 1000-12000 khash. That works out a little closer to what is really happening, but still profiting from ltc over btc is nice, and ltc can really only go up right now. Can you PM me with the miner you are using and your settings? I am only pulling 60k with my 5770.
Currently LTC is gaining a little bit on BTC through this crash...
It was about .022 a few days ago, now .027...

By the end of this week I will have:
3x 6970 (2x 6970 + 6950) hopefully 1.5 MHash/s
2x 6870 580 KHash/s
1x 5770 210 KHash/s

My HD 5770 pulls about 210 Khash/s with Reaper v13 beta 4...the 6870s both only do about ~290 each with ~5% stales.

I'm thinking about dumping the 6870s on fleabay and upgrading those to 6950s for another $100 or so...
So then I'd have 1.5 GHash/s + ~ 1.2 GHash/s for the second rig optimistically if I could unlock the 6950s.

[desnudopenguino]

I've been solely cpu mining until recently, but I can't get any of my cards to get a good hash rate. They are all about 2-4 times slower than advertised). Do you have any ideas what could be the issue? The cards (other than the 5770) are in my sig.

[tool_462]

I've been solely cpu mining until recently, but I can't get any of my cards to get a good hash rate. They are all about 2-4 times slower than advertised). Do you have any ideas what could be the issue? The cards (other than the 5770) are in my sig.

What OS, graphics drivers, SDK version and miner are you using?

[BeepBeep2]

I'm on 13.1 with whatever SDK comes with it...

Used GUIMiner-scrypt to create the profiles.

[desnudopenguino]

Ok. I started a thread to stop hijacking this one LTC Thread (http://www.xtremesystems.org/forums/showthread.php?285846-Mining-With-LTC&p=5183429#post5183429)