So is thinking of investing in this to get my company off the ground to afford to work for myself and get a few SR-2s acceptable? :hrhr:
So is thinking of investing in this to get my company off the ground to afford to work for myself and get a few SR-2s acceptable? :hrhr:
Yep, pretty much. I'd jump on this while it's available.Quote:
Originally Posted by [XC] Oj101
Technically, it also requires an investment in hardware, and potentially upgrades (since you will be earning less once you get slower compared to others), but I think it's still pretty damn good.
Will this all work on linux?
I can get two 5770's for $130, is that worth it?
So if you follow the $$ how does this work?
Someone is sending us distributed computing packets?? for an unknown project?? and then paying the cruncher in virtual currency? :shrug:
This sounds to me like selling snow to Eskimos.
Okay, you guys got me interested so I started doing some research.... this 44 page document on the legality of Bitcoin was a rather interesting read and I suggest that some of you take a look at it (just hit the one-click download link near the upper portion of the page and, if you aren't comfortable with that, I have the PDF): http://papers.ssrn.com/sol3/papers.c...act_id=1817857
After reading that, as well as a bunch of other stuff this afternoon, I've decided that the Bitcoin mining thing isn't for me (mostly due to legal grey areas and how that could possibly have a negative impact given our household profession).
Perhaps they should ditch RSA for AES... I'd be a little more comfortable with that. ;)
Is there any extrapolation possible on how far into the future mining will be possible?!
If you buy two complete 4x5870 miners that cost maybe thousand € each then at the current rates (1600mhashes/s x2 equals 1693€) and my current energy cost (.19cent, 2kw load equals 1440kwh/month or 274€ in utilities/month) you'd need at least two months to offset initial costs.
Just started on bitcoin, lets see how it goes.
I don't even own a single ATI card. :( Would be nice to do nothing and generate cash..
Could you elaborate?Quote:
Originally Posted by Petra
I don't think I'd worry too much about legal ramifications as of yet. The author himself is seeking/allowing donations in his introduction. I would think as the author is just finishing up his law degree at Yale, I doubt he would jeopardize his becoming a lawyer if he thought there could be problems.
I just ordered 9 5870's and 2 5850's - German market is pretty much empty now except for a few overpriced old cards :D
Prices are going up every day BTW. I just sold 5 BCT today for 11€ each, whereas yesterday I only got 8€ per BCT.
Join while it's still going, and put the money to good use (cruncher hardware/utility bill etc) :)
If you follow the money, you will find that someone created a limited number of tokens for use in virtual trades. Since there's a limited number, there's now a limited supply. The real money in this is in the bitcoin currency brokers; they keep the spread (which can be a few centers per bitcoin) when people buy bitcoins with more established currency.Quote:
Originally Posted by dairyFarmer
The thing to realize is that these currency traders will ALWAYS make money; traditional currency will inflate while this currency never will. That means that the bitcoins they bought yesterday and sold today will have appreciated in value.
Can anyone help me get a connection? I'm stuck at that point. Maybe it's a firewall somewhere blocking it; it's not my network.
hmmm.... i have some horsepower here at work. i may give this a try. nothing like banking off free electricity eh?
maybe i can get my wife to let me buy some stuff at home if it pays for itself in a month or two...
will post up my endeavors eventually.
Can you post a screenshot?Quote:
Originally Posted by Bobsama
Also, are you mining solo? That didn't work for me, try joining a pool.
Trying to get my two 5870s to work, but when I run the miner program it complains that it didn't detect any openCL devices. So I tried another version (2.2), which seems to work. How much extra performance will I get by using 2.1 instead of 2.2? And why isn't 2.1 working for me? Thanks! :up:
TBH I had the same problem with most rigs. I'm running on 2.1 only on my main machine with dual 5870's, here's what I did (may or may not help you):
- I had Cat. 11.3 with APP already installed when I found out about bitcoin, so I went to control panel --> software and fired up the ati uninstaller. Selected manual, and only unchecked the APP SDK version 2.45xxx, rebooted
- then I installed the 2.1 SDK and it worked
Simply installing the catalyst w/o APP and the 2.1 SDK caused the same error for me on a freshly installed rig, for whatever reason.
my 5970 is getting 1Mhash/s per core. I installed 11.4 with 2.1 SDK. Kinda had a feeling it wouldn't just fire up :p:
Yes, the 2.1 SDK isn't for everyone. In fact I now believe it rarely works correctly... you lose about 5% on the 2.4 so I recommend staying with that if you have problems or don't want to mess with things.
Just download the latest 11.5 cat, install, and run. Easy :)
1st post updated with some performance tipps and a new, completely free mining pool
Just use the latest SDK, it's really not THAT much of a difference...
By the way, I am trying btcguild.com. No fees is nice, but I am getting "Connection problems" every few seconds on both of my miners, so I think that will reduce the mining performance.
Also, I'm not sure, but do I need one worker per one device? What are they for?
http://img269.imageshack.us/img269/2624/unledyol.pngQuote:
Originally Posted by jcool
HD5850 on the Q8300 @ 3.0 system. I'll overclock this rig a bit higher later.
:eek: Wow! I don't have the guts to do that.Quote:
Originally Posted by jcool
I am very tempted to buy a handful of 58XX cards as well, I have the PCIe slots to run 10 total. I am just worried that as soon as I do that, the bitcoin bubble will then burst.
At the very least I am going to put my 5850 back on water cooling and OC it up.
Yeah well... no risk, no fun :cool:
Bobsama, I have no idea what could be causing this other than your router or software firewall.
Maybe try a different pool? The BTC guild is better anyway cause it's completely free, I just edited my 1st post.
Bobsama, I had the same problem. Gui miner was trying to connect and after 10 minutes of waiting i figured out there's something wrong :hitself:
I uninstalled 11.5 drivers, replaced with 10.5 and manually installed SDK 2.1 from jcool's link :up:
And btw, i'm getting 410Mhash/s with 5870@940. Is it about right? Power usage is ~235W with 2600K with power saving on (1600MHz).
In 24 hours it did ~0.8 coin...