[How to] fund your cruncher's utility bill OR how to make money using bitcoin

[Sparky]

Shut down bitcoin. But I'm keeping the wallet file with my 0.01 coins in it in case I get a card later that can actually do something

[don_xvi]

Re: 5830s... They got posted over on the bitcoin forums, too. Those folks scooped up a bunch!

Also, here's a payoff schedule for different cards: http://www.bitminer.info/

[Sparky]

Re: 5830s... They got posted over on the bitcoin forums, too. Those folks scooped up a bunch!

Also, here's a payoff schedule for different cards: http://www.bitminer.info/

That calc looks off, no way I was pulling $3 a day from my 4870...

[artemm]

That calc looks off, no way I was pulling $3 a day from my 4870...

TBH, you should be getting over $4 per day at the current (insane) rates.

Try tweaking drivers by installing 2.1.

A user with 2.1 was able to attain 104 Mhash/s with guiminer.

Comments: "-w 256 -f 1, Windows 7 64-Bit, GPU Core OC to 830 MHz, GPU Memory UC to 190 MHz (saves 30 Watt at outlet)"

[Sparky]

I have 10.12 drivers with 2.1 installed. Sitting around 80-90 Mhash/s typically but what I see coming up on the site doesn't look very promising. Maybe I'm not giving enough time.

My GPU core is overclocked to the highest CCC will allow (790 MHz).

What does the -w 256 -f 1 stuff mean or do?

One thing I don't particularly like is how this severely affects the usability of my PC. Makes it feel like an old ancient box lol, just viewing the smiley's list in the reply box makes everything run at like 2 fps

*edit* I guess the unconfirmed rewards does equal 0.04 bitcoins now, that might be getting a little closer to being worth something. Eventually. Hm. I might keep this running for a few days and I'll just put up with the display lag. 0% CPU usage thankfully, just hammers the GPU.

[Red Maw]

the 5830's on newegg for $109 were a great deal. i'm glad I got two

My stock 5850 is around 275 Mhash/s, drops to low 200's though if do pretty much anything on the comp. It's also worth noting that my daily payout on BTC Guild gets lower each day (not even going to make it to .4 bitcoins today lol), probably has something to do with everyone here and their many gpus

[SMTB1963]

i just saw this thread earlier this morning, and skimmed through all the FAQ about bitcoin and mining, and here are my thoughts:

crunching and folding has always been a donation of your hardware and resources to help the research you believe in, in hopes of a cure being found one day. bitcoin mining is the exact opposite, there are no work units to crunch/fold, and the results are purely selfish because the money goes into your own pocket.
...

I gotta say I generally agree with WFD's sentiments. I've resisted the temptation to make value judgements about bitcoin in this thread, but at this point I find it very troubling that it has completely dominated the discussion here over the past week. As WFD notes, bitcoin has nothing to do with charity, scientific research, finding cures, philanthropy, goodwill, or any of the other things that brought us to this forum. It's about easy money. Period. Crunching...folding...these DC efforts unquestionably create something new, something positive for the world. In my opinion, Bitcoin creates nothing and does nothing - except separate fools from their money.

I mean absolutely no disrespect to jcool or anyone else participating in this thread, and I'm not against anyone making a quick buck. But in my opinion, this discussion just doesn't belong here - especially since there are plenty of forums on the net that are 100% devoted to the subject. (there, I said it)

Maybe I'm pissing into the wind here. Maybe a very strong wind. In any case, I do stand willing to have my mind changed if anyone wants to share a different perspective.

[ggdh]

I have a difficult decision to make: I bought 2x5830 for my parents. And I didn't know that each will require 2x6pin. But my parents' psu will handle only one (1x6pin + 2 molex). So another one will sit in a box for another month before I will move out from Ireland. Should I buy a new PSU (COOLERMASTER Ultimate UCP 700W has 4x6pin) for ~100$? There's always a chance that this bubble will burst anytime

[shoota]

I'd say yes. No point in letting a gpu just sit there idle

[shoota]

I gotta say I generally agree with WFD's sentiments. I've resisted the temptation to make value judgements about bitcoin in this thread, but at this point I find it very troubling that it has completely dominated the discussion here over the past week. As WFD notes, bitcoin has nothing to do with charity, scientific research, finding cures, philanthropy, goodwill, or any of the other things that brought us to this forum. It's about easy money. Period. Crunching...folding...these DC efforts unquestionably create something new, something positive for the world. In my opinion, Bitcoin creates nothing and does nothing - except separate fools from their money.

I mean absolutely no disrespect to jcool or anyone else participating in this thread, and I'm not against anyone making a quick buck. But in my opinion, this discussion just doesn't belong here - especially since there are plenty of forums on the net that are 100% devoted to the subject. (there, I said it)

Maybe I'm pissing into the wind here. Maybe a very strong wind. In any case, I do stand willing to have my mind changed if anyone wants to share a different perspective.

I'm pretty sure a lot of us are going to get new crunchers out of this. I know I'm planning on it.

[Tom128]

I gotta say I generally agree with WFD's sentiments. I've resisted the temptation to make value judgements about bitcoin in this thread, but at this point I find it very troubling that it has completely dominated the discussion here over the past week. As WFD notes, bitcoin has nothing to do with charity, scientific research, finding cures, philanthropy, goodwill, or any of the other things that brought us to this forum. It's about easy money. Period. Crunching...folding...these DC efforts unquestionably create something new, something positive for the world. In my opinion, Bitcoin creates nothing and does nothing - except separate fools from their money.

I mean absolutely no disrespect to jcool or anyone else participating in this thread, and I'm not against anyone making a quick buck. But in my opinion, this discussion just doesn't belong here - especially since there are plenty of forums on the net that are 100% devoted to the subject. (there, I said it)

Maybe I'm pissing into the wind here. Maybe a very strong wind. In any case, I do stand willing to have my mind changed if anyone wants to share a different perspective.

I think the main reason it is in here is that people in this forum often have two things: A big electric bill, and alot of empty PCIe slots, both because of efforts to eradicate diseases. I don't think the idea of plugging in extra pieces of hardware onto a pre-existing crunching rigs with the purpose of making money to offset costs is such a bad thing. Just my 2 cents.

[ggdh]

I'd say yes. No point in letting a gpu just sit there idle

It's on its way I will have 5870+2x5830 running. And than back to crunching

[shoota]

It's on its way I will have 5870+2x5830 running. And than back to crunching

Cool! I can't wait to get all mine setup so i can turn on some more crunchers with the electricity paid for

[p2501]

How about we make an picture thread for btc miners?! =)

[don_xvi]

Have any of you esteemed members of our tight community here actually gotten your money from Mt. Gox into Dwolla and into your bank?
I've read that it can take days for money to get from Mt. Gox to Dwolla, but don't like how it feels waiting on faith based on posts from all manner of people I have no connection to (i.e. at bitcoin.org).

[shoota]

I'm wondering the exact same thing

[slaveondope]

Have any of you esteemed members of our tight community here actually gotten your money from Mt. Gox into Dwolla and into your bank?
I've read that it can take days for money to get from Mt. Gox to Dwolla, but don't like how it feels waiting on faith based on posts from all manner of people I have no connection to (i.e. at bitcoin.org).

I received a few thousand already via Mt.Gox->Dwolla->Bank account. Just be sure to file your taxes correct the feds are aware of that transaction chain and they are reported.

Mt.Gox -> Dwolla ~2-3 days sometimes 1
Dwolla -> Bank ~2-4 days to clear.

[shoota]

And how exactly do you report this correctly?

[slaveondope]

And how exactly do you report this correctly?

I suggest you talk to a tax agent. It could be claimed several different ways depending on your situation.

[KaptainBlaZzed]

I received a few thousand already via Mt.Gox->Dwolla->Bank account. Just be sure to file your taxes correct the feds are aware of that transaction chain and they are reported.

This has me concerned.

Will i be receiving a statement from Mt.Gox for my yearly earnings?
Or do i just report my earnings at tax time?
Should i run it like a business and set up revenue and expense tracking?

I am thinking i will run this like a business and see what happens. (time to make a new spreadsheet)

so far my new business has quite a loss.

[don_xvi]

I received ...already via Mt.Gox->Dwolla->Bank account.
Mt.Gox -> Dwolla ~2-3 days sometimes 1
Dwolla -> Bank ~2-4 days to clear.

Thanks. I just wanted a confidence boost!
Now I just lost out on TWO 5870s I was trying to get my hands on.

[[XC] hipno650]

I gotta say I generally agree with WFD's sentiments. I've resisted the temptation to make value judgements about bitcoin in this thread, but at this point I find it very troubling that it has completely dominated the discussion here over the past week. As WFD notes, bitcoin has nothing to do with charity, scientific research, finding cures, philanthropy, goodwill, or any of the other things that brought us to this forum. It's about easy money. Period. Crunching...folding...these DC efforts unquestionably create something new, something positive for the world. In my opinion, Bitcoin creates nothing and does nothing - except separate fools from their money.

I mean absolutely no disrespect to jcool or anyone else participating in this thread, and I'm not against anyone making a quick buck. But in my opinion, this discussion just doesn't belong here - especially since there are plenty of forums on the net that are 100% devoted to the subject. (there, I said it)

Maybe I'm pissing into the wind here. Maybe a very strong wind. In any case, I do stand willing to have my mind changed if anyone wants to share a different perspective.

you know you are 100% right when you day it is the exact opposite. however in my situation I am doing even more WCG than I was before. The power costs in my part of the country have gone up 66% this year alone and running dedicated crunchers was becoming impossible do to power. however now that I have a few systems that can make me money by having them on it allows me to run Bitcoin on my GPU and WCG on my CPU on a machine that normally would have been turned off. so it's a win win.

that how it is for me anyways. I am sure there are other like me and others that are just in it for maximum money. however I know personally that if this seems to work out for a little while I will be buying as many new machines as possible with dual 6990's and 2600k's meaning I get to add more 2600ks to WCG that I would have not have been able to before.

just my 2 cents.

[artemm]

you know you are 100% right when you day it is the exact opposite. however in my situation I am doing even more WCG than I was before. The power costs in my part of the country have gone up 66% this year alone and running dedicated crunchers was becoming impossible do to power. however now that I have a few systems that can make me money by having them on it allows me to run Bitcoin on my GPU and WCG on my CPU on a machine that normally would have been turned off. so it's a win win.

that how it is for me anyways. I am sure there are other like me and others that are just in it for maximum money. however I know personally that if this seems to work out for a little while I will be buying as many new machines as possible with dual 6990's and 2600k's meaning I get to add more 2600ks to WCG that I would have not have been able to before.

just my 2 cents.

This.

jcool should get a pat on the back for posting this. If anything, it's putting MORE work into WCG not only because the profits will most likely be reinvested, but because it's allowing more people to financially justify their machines.

There will always be a way to abuse any new technology and evil people will find it. However, it doesn't mean that the technology itself is evil and can't be put to good use (like a perfect side project to crunching WCG.)

[shoota]

now if only we could get wcg to run on nvidia gpu's. but i digress.. sigh

edit: crap btc are $30 a piece right now and BTCGuild is down ugh!

[Alpha]

no its not : new site http://www.btcguild.com.