Cryptocoin Mining?

[note235]

damn, was going to get get it
i think the 5770s for $80 are still a good idea yes?

 

[foges]

Anyone consider shorting a bunch of these?

 

[soccerballtux]

bunch of you fellas going to get burned. Deepbit's pool power has tripled in the last 3 days. I wouldn't be surprised if we saw a 100% difficulty increase if not more coming up in the next few days.

 

[v8envy]

Linux has another advantage -- easy to set up diskless and/or USB stick operation. No hard drive sitting around sucking 5-10 watts of power all day long.

 

[note235]

ohhhhh thats nice...time to look into that haha

 

[v8envy]

bunch of you fellas going to get burned. Deepbit's pool power has tripled in the last 3 days. I wouldn't be surprised if we saw a 100% difficulty increase if not more coming up in the next few days.

And that's already been priced into coins when they ran up to $30. Even if the difficulty goes to 1.2 million that's still $4 in power to produce each coin, so roughly $8/day profit for a 5790 or two 5830s. I'd still run a mining rig for that.

Still well worth it, IMO. And that's if BTC prices don't increase to keep pace with difficulty.

 

[note235]

exactly
the difficulty rises but the price rises too

so im about to do a complete format on my hdd to my new ssd, if i wanted to save my nmc how would i go about doing that?

 

[YoungGun21]

I'll repost this link so people can check it out

https://en.bitcoin.it/wiki/Mining_hardware_comparison

 

[soccerballtux]

exactly
the difficulty rises but the price rises too

so im about to do a complete format on my hdd to my new ssd, if i wanted to save my nmc how would i go about doing that?

price only rises if people willing to buy.

 

[note235]

its been doing that fairly well so far

 

[YoungGun21]

deepbit has not tripled in size in 3 days. They were DDoSed so a bunch of people switched to pools like Slush and BTCguild. Now, Slush got DDoSed and a bunch of people jumped back to deepbit and BTCguild. It seems that whichever pool is the biggest gets attacked.

And people are definitely willing to buy. MtGox has done almost 60,000 BTC exchanges today.

 

[Acanthus]

BTCGuild is claiming their servers are "overwhelmed" so i would imagine they are getting DDOSed today.

 

[kevinsbane]

Bitcoin mining moves into the offensive actions...

Competing mining pool making things too hard for your own pool? Drive them out!

Let the bitcoin wars begin...

 

[Aikouka]

If you just randomly switch pools, does that harm your current work? So if I mine up .29 BTC via BTCGuild, BTCGuild starts getting hammered, and I switch to Slush... what happens?

 

[hawtdawg]

bunch of you fellas going to get burned. Deepbit's pool power has tripled in the last 3 days. I wouldn't be surprised if we saw a 100% difficulty increase if not more coming up in the next few days.

it's done nothing of the sort.

 

[soccerballtux]

it's done nothing of the sort.

look bros all I know is it reads 3ghash/s today and it read 1ghash/s 3 days ago.

 

[Muyoso]

If you just randomly switch pools, does that harm your current work? So if I mine up .29 BTC via BTCGuild, BTCGuild starts getting hammered, and I switch to Slush... what happens?

You lose the single share that you were working on for BTCGuild when you stopped mining for them.

 

[SZLiao214]

After they get enough power will they be able to hack the Gibson?

 

[OS]

Anyone consider shorting a bunch of these?

can you get a borrow somewhere?

 

[ImDonly1]

I just started and registered on btc guild. I am using guiminer. However, in the btc guild website it asks for my "wallet address" "used for receiving payouts from the pool" where do I find this/what is this?

 

[Aikouka]

I just started and registered on btc guild. I am using guiminer. However, in the btc guild website it asks for my "wallet address" "used for receiving payouts from the pool" where do I find this/what is this?

I created a Bitcoin wallet on mybitcoin.com

 

[ImDonly1]

OK got it now.

How long before I get a coin or anything?

I am using a 6850 at about 193-4 Mhash/sec on btc guild. Is it reasonable to expect ~$50-60 in 1 week?

Any major differences between the mining pools? What are you guys using?

 

[Aikouka]

Looks like I've got it all setup... the video card (5870) is rather noisy, but I'm only at 71C at 50% fan speed, so I can probably dial it back to 40% without a problem (at standard clock speeds).

Maybe I can overclock when I go to bed and jack up the fan speed!

 

[ImDonly1]

Looks like I've got it all setup... the video card (5870) is rather noisy, but I'm only at 71C at 50% fan speed, so I can probably dial it back to 40% without a problem (at standard clock speeds).

Maybe I can overclock when I go to bed and jack up the fan speed!

My 6850 is pretty quiet/silent at 58% fan speed. It is running at 71-72C under 98% load though.

 

[Aikouka]

My 6850 is pretty quiet/silent at 58% fan speed. It is running at 71-72C under 98% load though.

Is yours a blower or the umm... other style? Both my 5870 and 6950 are blower styles, which are notorious for noise .

EDIT:

And I think the 5000-series blowers were even noisier than the 6000-series blowers as well.