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

[ggdh]

Indeed the last difficulty increase step of 57% was a bummer :/

[c22]

New estimated diffuculty will be 1534711 (+11%) in 6 days, 14 hours

[ggdh]

Most likely will be higher as this predictions started at +4% when the difficulty changed last time. The closer to target block count, the higher % increase will be.

[c22]

It's obvious it will be higher, but there won't be 57% increase this time I hope. I've got pretty strong miners and paying lamost nothing for electricity, so I don't care that much, but it's ridiculous I got 2-3 BTC per day with such a high hashrate and the price of BTC is not increasing :S

[ggdh]

I feel your pain. Few days ago I bought 12BTC, just for fun, with hope of any even tiny profit. Still waiting to have 100% of my money back...

And how about this comparison:

Previous Difficulty Steps / no. of BTC / day
with 1Ghash/sec

25997 - 38.69 BTC
34171 - 29.43 BTC
36459 - 27.59 BTC
47618 - 21.12 BTC
55589 - 18.09 BTC
68838 - 14.61 BTC
76193 - 13.20 BTC
75394 - 13.34 BTC
68979 - 14.58 BTC
71019 - 14.16 BTC
82347 - 12.21 BTC
89086 - 11.29 BTC
92348 - 10.89 BTC
107677 - 9.34 BTC
109670 - 9.17 BTC
115063 - 8.74 BTC
157426 - 6.39 BTC
164364 - 6.12 BTC
244139 - 4.12 BTC
286349 - 3.51 BTC
434877 - 2.31 BTC
499567 - 2.01 BTC
567358 - 1.77 BTC
699398 - 1.44 BTC
876954 - 1.15 BTC
1379223 - 0.79 BTC

[INFRNL]

what happens when the difficulty get so high; that its hard for anyone to produce? Then everyone gives up; or does it reset or something. I would like to at least be able to pay off my cards, but the difficulty change is making it really hard to do. I am nowhere near what I originally hoped for and its taking a lot longer to make a coin now

[Tom128]

The difficulty can change in both directions, it's more of a throttle mechanism attempting to make it average around 10 minutes for a new block to be solved by the entire bitcoin network. If people start leaving it could go back down.

Not to be confused with the reward for a block, which will eventually drop to 25 from 50 once enough coins exist. That trend will always go down. I think that one is at least a year in the future though.

[ggdh]

what happens when the difficulty get so high; that its hard for anyone to produce? Then everyone gives up; or does it reset or something. I would like to at least be able to pay off my cards, but the difficulty change is making it really hard to do. I am nowhere near what I originally hoped for and its taking a lot longer to make a coin now

Look at difficulty numbers again and you will notice that there was already a decrease (75394 -> 68979). So it's possible.

As Tom128 wrote: the network will adjust the difficulty to maintain ~300 coins / hour production. Pity that increase of difficulty does not equal increase of the price. Bitcoin needs to get much more popular - unfortunately after recent attacks it will be harder than we thought.

[meanmoe]

how about i register with the referral code of the last person that posted it in this thread, and you can register using my code

EDIT: i went back a couple pages and i think [XC] gomeler was the last one, so i registered under his referral code. here is my code just registered: TH-R111869

I used yours, mine is TH-R112387

[Source]

Hmm, installed it and got it working.
However, but obvious, puts my HD5870 to 100% with 66°c Core and 96°c memory.
Where the energy-meter also goes wild.

And in CCC, I can't set my memory lower then the default 1200MHz.

With the current balance of energy/Bitcoins and the amount of people participating, is it still worth running on a single GPU system, on for 12/24 a day?
Also cuts in the GPU's life, those high temps, not? Normally runs on 35°c Core / 45°c memory, where I like to keep it for 3-4 years :P (GPU: water / MEM: Heatsink).

Plus not the lowest energy prices here in The Netherlands. =(

[don_xvi]

If your card is a reference design, install MSI Afterburner and you can reduce the memory clock.

Bitcoin mining profitability has plummeted since the initial frenzy here 6 weeks ago. It's a common question "Is it worth mining with a small farm?" but the reduced profitability means it's less intrusive. No need to stress about your bitcoin mining every day, just play with it weekly or something. You can also mine and hold and hope the market value of BTC increases. Then you never have to think about it until you catch word that they've got a street value of $30 or $40!

[KaptainBlaZzed]

Hmm, installed it and got it working.
However, but obvious, puts my HD5870 to 100% with 66°c Core and 96°c memory.
Where the energy-meter also goes wild.

And in CCC, I can't set my memory lower then the default 1200MHz.

With the current balance of energy/Bitcoins and the amount of people participating, is it still worth running on a single GPU system, on for 12/24 a day?
Also cuts in the GPU's life, those high temps, not? Normally runs on 35°c Core / 45°c memory, where I like to keep it for 3-4 years :P (GPU: water / MEM: Heatsink).

Plus not the lowest energy prices here in The Netherlands. =(

use this calculator the estimate your profit.
http://www.kaptain.me/btc_calc.php

[Smartidiot89]

Thought I'd give this a try, I am currently getting ~80+ Mhash/s, how is that for a stock HD 5770? Also getting extreme slowdown on my system, it feels very sluggish even as I am typing right now.

EDIT: 97% GPU usage according to MSI Afterburner so it's working but if my system will be this sluggish I don't think I can do this

[Alpha]

that 5770 should be getting you 150-200mh/s. do you know what flags you are using?

[Smartidiot89]

that 5770 should be getting you 150-200mh/s. do you know what flags you are using?

I use this one:
-v -w128

[OldChap]

https://en.bitcoin.it/wiki/Mining_hardware_comparison is a list of people's cards which shows some of the different miners and settings used. I am not sure which miner you use but the better outputs seem to be with phoenix

[Smartidiot89]

https://en.bitcoin.it/wiki/Mining_hardware_comparison is a list of people's cards which shows some of the different miners and settings used. I am not sure which miner you use but the better outputs seem to be with phoenix

Great will check it out. I wasn't bothered that my MHash/s was bad cause I didn't know it was from the beginning :P Just that whatever I do with it running makes my system feel extremely sluggish with small delays even when typing on forums.

[acebmxer]

Great will check it out. I wasn't bothered that my MHash/s was bad cause I didn't know it was from the beginning :P Just that whatever I do with it running makes my system feel extremely sluggish with small delays even when typing on forums.

download and install these drivers. http://forums.guru3d.com/showthread.php?t=348465. The newer version the the SDK will allow the system view flash enabled web pages and watch video while still mining. Watching videos while mining is not suggested but the gpu will not crash the system if you do and will throttle down your mining.

[OldChap]

In phoenix you can adjust the AGGRESSION figure to help with your problem. I expect you can with others too but I am not sure how

[JAWS]

guys do you need the run both the bitcoin client (?) and guiminer at the same time? Do I need to link them for any reason?

[Aerou]

Only if you are "solo mining"

Otherwise the bitcoin client just is a network client managing your digital wallet which is a separate activity from the actual mining. No direct link between them if you are in a mining pool.

[Smartidiot89]

Thought I'd give this a try, I am currently getting ~80+ Mhash/s, how is that for a stock HD 5770? Also getting extreme slowdown on my system, it feels very sluggish even as I am typing right now.

EDIT: 97% GPU usage according to MSI Afterburner so it's working but if my system will be this sluggish I don't think I can do this

that 5770 should be getting you 150-200mh/s. do you know what flags you are using?

download and install these drivers. http://forums.guru3d.com/showthread.php?t=348465. The newer version the the SDK will allow the system view flash enabled web pages and watch video while still mining. Watching videos while mining is not suggested but the gpu will not crash the system if you do and will throttle down your mining.

In phoenix you can adjust the AGGRESSION figure to help with your problem. I expect you can with others too but I am not sure how

Time for some multi-qouting but I thought it might be of help to others

I noticed yesterday that when I closed all my tabs (and windows) on Firefox my Mhash/s went up from 80-90 to 197 sometimes touching 200. So I tested popping up Firefox again but this time closing my youtube windows which solved the problems so it was indeed video playback which caused not only my slow MHash/s but also my system "feeling sluggish and unresponsive". The new drivers might solve this but that's something I will have to try out later before I can comment on it

A BIG BUT, I don't get the same video watching a video with Internet Explorer 9, only Firefox.

[shoota]

I see where Th no longer accepts dwolla, what are guys doing now to transfer funds? Mt. Gox? PayPal? What's Th best alternative?

[acebmxer]

I see where Th no longer accepts dwolla, what are guys doing now to transfer funds? Mt. Gox? PayPal? What's Th best alternative?

I switched over to CampBX. They still accept dwolla. Also prices seem to be a little bit better then TH or MT.Gox as for BTC to USD. You can use my referral code in my sig.

[shoota]

Alright cool I'll check them out. I see Mt. Gox still uses Dwolla too