- Nov 14, 2003
- 9,811
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edit: this post is very obsolete, because mining bitcoin with GPU is not viable anymore. However, I will leave it as-is as an interesting look at how things were a few years ago.
For modern GPU mining, scrypt based coins such as litecoin are the best bet.
<Newbie info>
How do I get started mining?
1- download the bitcoin client, install and run, this gives you a wallet and receiving address
http://bitcoin.org/
Current version is 0.7
2- choose a pool and create a pool account (some pools works without accounts), and create (at least one) worker account
https://en.bitcoin.it/wiki/Comparison_of_mining_pools
http://forum.bitcoin.org/index.php?board=41.0
[I use https://www.btcguild.com/ ]
3- download a miner program and install and run
http://forum.bitcoin.org/index.php?topic=3878.0
3b- if you don't see your graphic card as a valid openCL device, you might need to update to more recent drivers. catalyst 11.5, 11.6 are known to work, older drivers may not include the openCL driver new 12.2 drivers reported to be very good for mining
4- configure your miner. point it to the pool you signed up at, your pool worker account you created, for extra flags -v -w128 -f120 is recommended for 5 and 6 series AMD GPUs if you want to also use the computer for other uses. If you are only going to mine and don't need a response GUI, you can use -v -w128 -f0 and you will get slightly more mhash. * These settings are for guiminer* Other miner software requires different settings
5- start mining. you may want to open a program that allows you to view your GPU temperature, as mining is makes the GPU work very hard and you don't want to damage your graphic card
6- tweak settings, OC, buy more mining hardware, or post in this thread.
7- spend your bitcoins
FUN FACTS:
Since the original post aprox 3 weeks ago, I have mined 44 bitcoins, currently valued at $16.80 each. That totals $739. I am mining on 1 dedicated dual 5850 machine, another dual GPU machine I use for gaming, as well as 3 single GPU 5850-5770 machines I had available. I spent aprox $900 on hardware to mine at this rate (in addition to old hardware I had available). Even if I could only get 50% of original hardware value on resale, the operation has already paid for itself.
6/30 update: I spent 34 bitcoins on about $550 worth of hardware at newegg.com to add to my mining collection. If the whole thing collapses tomorrow, at least I have some "free" hardware.
2/19/2012 update-
Heh, looking at this post reminds me of the good old days of $16 bitcoins. Value now around $4.50. Still somewhat profitable though, especially given that waste heat is a useful thing in these winter months. Recently spent some 80 BTC to build another mining box.
Old OP: Does anyone do this? I have played around with distributed computing stuff before, but lost interest mainly due to there being no real point other than bragging rights. But bitcoins are worth real money... sorta (after an hour I've made half a cent with the CPU miner, although it looks like using GPU is much more effective). Not really much, but kinda fun to play around with at least.
I found it interesting that for various reasons AMD is vastly superior to nvidia in this.
https://en.bitcoin.it/wiki/Why_a_GP...CPU#Why_are_AMD_GPUs_faster_than_Nvidia_GPUs?
Anyone else messed around with this? Tips?
edit: I realize there is a distributed computing forum, but I am bringing up the AMD/nVidia performance disparity and I think it fits better with video card discussion. Feel free to move if disagreed.
Renamed to "Cryptocoin Mining?" because no one mines Bitcoins on GPUs anymore
-ViRGE
For modern GPU mining, scrypt based coins such as litecoin are the best bet.
<Newbie info>
How do I get started mining?
1- download the bitcoin client, install and run, this gives you a wallet and receiving address
http://bitcoin.org/
Current version is 0.7
2- choose a pool and create a pool account (some pools works without accounts), and create (at least one) worker account
https://en.bitcoin.it/wiki/Comparison_of_mining_pools
http://forum.bitcoin.org/index.php?board=41.0
[I use https://www.btcguild.com/ ]
3- download a miner program and install and run
http://forum.bitcoin.org/index.php?topic=3878.0
3b- if you don't see your graphic card as a valid openCL device, you might need to update to more recent drivers. catalyst 11.5, 11.6 are known to work, older drivers may not include the openCL driver new 12.2 drivers reported to be very good for mining
4- configure your miner. point it to the pool you signed up at, your pool worker account you created, for extra flags -v -w128 -f120 is recommended for 5 and 6 series AMD GPUs if you want to also use the computer for other uses. If you are only going to mine and don't need a response GUI, you can use -v -w128 -f0 and you will get slightly more mhash. * These settings are for guiminer* Other miner software requires different settings
5- start mining. you may want to open a program that allows you to view your GPU temperature, as mining is makes the GPU work very hard and you don't want to damage your graphic card
6- tweak settings, OC, buy more mining hardware, or post in this thread.
7- spend your bitcoins
FUN FACTS:
Since the original post aprox 3 weeks ago, I have mined 44 bitcoins, currently valued at $16.80 each. That totals $739. I am mining on 1 dedicated dual 5850 machine, another dual GPU machine I use for gaming, as well as 3 single GPU 5850-5770 machines I had available. I spent aprox $900 on hardware to mine at this rate (in addition to old hardware I had available). Even if I could only get 50% of original hardware value on resale, the operation has already paid for itself.
6/30 update: I spent 34 bitcoins on about $550 worth of hardware at newegg.com to add to my mining collection. If the whole thing collapses tomorrow, at least I have some "free" hardware.
2/19/2012 update-
Heh, looking at this post reminds me of the good old days of $16 bitcoins. Value now around $4.50. Still somewhat profitable though, especially given that waste heat is a useful thing in these winter months. Recently spent some 80 BTC to build another mining box.
Old OP: Does anyone do this? I have played around with distributed computing stuff before, but lost interest mainly due to there being no real point other than bragging rights. But bitcoins are worth real money... sorta (after an hour I've made half a cent with the CPU miner, although it looks like using GPU is much more effective). Not really much, but kinda fun to play around with at least.
I found it interesting that for various reasons AMD is vastly superior to nvidia in this.
https://en.bitcoin.it/wiki/Why_a_GP...CPU#Why_are_AMD_GPUs_faster_than_Nvidia_GPUs?
Anyone else messed around with this? Tips?
edit: I realize there is a distributed computing forum, but I am bringing up the AMD/nVidia performance disparity and I think it fits better with video card discussion. Feel free to move if disagreed.
Renamed to "Cryptocoin Mining?" because no one mines Bitcoins on GPUs anymore
-ViRGE
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