Were you mining with a client that supported OpenCL on the GPU?
I don't know. I'm a noob. Are you asking because of the hash rate? If so, the rates I'm getting are in line with other GTX460's on the Mining Hardware Chart.
Were you mining with a client that supported OpenCL on the GPU?
It always seemed like a matter of time until people started using dedicated logic for mining. My understanding is that the hardware for generating hashes is pretty simple, so you would be able to fit a ton of them on a chip. This is one reason AMD cards tend to do better than nVidia, for this kind of workload more simple cores are better than fewer complex ones. Hashing is just *massively* parallel. ASICs could probably be many orders of magnitude faster than GPUs for hashing, would really change the dynamics of mining. Could do to GPU mining what it did to CPU mining: Make it so that it isn't even worth it or possible to mine on a GPU. Will definitely be interesting to see how it pans out.You guys definitely missed the bus on this one. Difficulty is destroying miners profits pretty effectively. I used to make ~30 bitcoins/day with my dual 6970s in February. Since then difficulty has increase from 25k to 250k and difficulty is about to jump by over 70% in the next ~24 hours.
Those of you who are naysayers, it isn't a pyramid scheme with a nasty catch. The system is completely open source, you aren't crunching numbers to destroy America. The one catch is that it is not free money, you may make some money in the short run, but unless you have cheaper electricity and can stay ahead of the pack hardware wise, and I'm not just talking about GPUs. People are starting to develop ASICs for this and using FPGAs due to their better performance per/watt. In a few months time I'll probably be selling all my cards because the difficulty just continues to march ever higher and I won't have the capital to purchase swarms of FPGAs and the ASICs probably won't be sold to the public.
I think there are easier one, compute for cash. Just google it
It always seemed like a matter of time until people started using dedicated logic for mining. My understanding is that the hardware for generating hashes is pretty simple, so you would be able to fit a ton of them on a chip. This is one reason AMD cards tend to do better than nVidia, for this kind of workload more simple cores are better than fewer complex ones. Hashing is just *massively* parallel. ASICs could probably be many orders of magnitude faster than GPUs for hashing, would really change the dynamics of mining. Could do to GPU mining what it did to CPU mining: Make it so that it isn't even worth it or possible to mine on a GPU. Will definitely be interesting to see how it pans out.
At 80 MHps, I will need at least 3 of these to achieve a single 5830 hashrate.
That is $595.-x 3 = $1785.- at full price, vs. $190.- for the 5830.
Giving the 5830 is consuming $11.- a month in electricity, and assuming this board will consume zero electricity, it will take more than 145 months, or 12 years to recover the investment, always comparing to a 5830.
Folding@home favors Nvidia cards.
http://www.bit-tech.net/hardware/graphics/2011/04/26/best-graphics-card-for-folding/3
Basically, while 1 block per 10 minutes is the goal, it's been above that number for awhile now. Each time the difficulty adjustments goes through it's not enough to fully reduce the speed down to 10 minutes, and/or people just keep buying more hardware to compensate. This has been the case with the latest adjustment, which has people on the bitcoin forums talking about the next difficulty increase already because it's known that it will occur. So you see that while the goal is 50 BTC per 10 minutes, in reality it's been higher than that. As the difficulty increases try to push it down the rate of bitcoin production really will go down from the level it is at now, unless new hardware is added to the equation- but even new hardware simply delays the production decrease, as it will cause another difficulty increase.
The thing is, while the overall rate remains the same, your personal rate will go down unless you upgrade your hardware, which is costly and cuts profits down. It might seem like the pool insulates you from this, but it really doesn't. Your rate of bitcoin gain goes down just like everyone else's, unless you upgrade your hardware to compensate for the difficulty boost.
Then there is the school of thought that as difficulty increases perhaps the USD value of a bitcoin will increase. Supply and demand, as it becomes harder to mine a bitcoin more people will buy them instead of mining, driving up the cash value. It's interesting to think about, but nobody can really know for sure what will happen.
While its interesting, i don't see the purpose. Whats they point when the only real use of bitcoins in trading between other people. Lets be honest, the places that do accept bitcoins is nothing exciting or useful.
To many worse things that could occur vs good with this. Namely government intervention, which has happened to other projects like this in the past.
Not saying i don't like it at all. Just to many IFs involved.
I guess that is the good thing about our plan, we will just keep adding mining rigs until it isn't really feasible anymore. With each extra rig, they will pay for themselves fairly quickly (~3 weeks). After that, it is profit, that will most likely just be used to build another mining rig.
It can be converted to USD. Takes a minute to set up, but that's what my group is doing.
It is, I want 60 coins by the end of August to invest into hardware and hopefully 100 coins by Christmas.
I'm just wondering if a HD 5830 is better at mining than a HD 6850 card.
As far as it being speculative... what about the US economy? The US dollar has lost something like 95% of it's value since it's inception and it's only going down because of things like "quantitative easing" and just printing money out of thin air with nothing backing it.
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I just started last week....
The sad thing is that it's clearly extremely late to be joining the bit mining field. The people who have been doing this for a while have undoubtedly made some serious money.
Some of these people are mining @ 2500MH+ which comes out to more money than I make working a full time job.
As far as it being speculative... what about the US economy? The US dollar has lost something like 95% of it's value since it's inception and it's only going down because of things like "quantitative easing" and just printing money out of thin air with nothing backing it.
With the difficulty level going up, it's probably not really worth investing a ton of money into mining equipment this late in the game. I picked up a 6870 and 2 5770's this week but still have one 5770 not running. I'm just wanting to mine steady for a few weeks and see what the actual return is for me.