- Nov 14, 2003
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And if you believe that we'll see $500+ bitcoins then you're better off simply buying bitcoins directly than mining.
But that is less fun.
And if you believe that we'll see $500+ bitcoins then you're better off simply buying bitcoins directly than mining.
By the way... did anyone else notice that the Coinotron LTC pool is really slow at paying out? I mean REALLY slow, like 24 hours slow.
Are any meaningful calculations being performed while 'mining'?
Or is just complicated number crunching for the sake of crunching?
By the way... did anyone else notice that the Coinotron LTC pool is really slow at paying out? I mean REALLY slow, like 24 hours slow.
Anything less than a 7950 is wasting PCIe slots.
My 7950 does 660 kh/s in LTC (which means at least 660 mh/s in BTC).
Windows only works properly with 4 gfx cards max and most boards support 3 at most.
More computers is always less ideal than less computers .
Besides, this way you can use one 7950 as your main gfx card for non-mining duties. You can even crossfire your 3-4 7950s if you are a masochist.
The next 2 waves of Avalon ASICs have already been sold, and each one represents at least 18 Th/s of hashing power. As those ASICs are being delivered, we'd have to see bitcoins in the $500 range to keep the current diff/price ratio.
And that's not counting all the additional hashing being added from GPUs, or other ASIC companies getting their ASICs up and running (whether in their own labs or in their customers' hands).
And if you believe that we'll see $500+ bitcoins then you're better off simply buying bitcoins directly than mining.
Well screw it, I sold my little coinage from 6 months ago and came up with around $300, so I went ahead and ordered a 7970. I'll see if I can recoup that final $100 before the crash. I'm lucky though, even if it crashes before I can make up the cash I'm still a gamer, having a card faster than my 6970 is fine by me. I might actually be able to play BF3 at 5760x1200...
The other thing to realize is that the prices may rise up again at some point in the future. I was sitting on 37 BTC earlier this year because they weren't worth trading at the time. That 1BTC that you mine in the next few weeks might be worth quite a bit more than $180 a year down the road.
The other thing to realize is that the prices may rise up again at some point in the future. I was sitting on 37 BTC earlier this year because they weren't worth trading at the time. That 1BTC that you mine in the next few weeks might be worth quite a bit more than $180 a year down the road.
You are so skeptical and looking back on this thread, the posts between you & Russian are quite interesting.
This is even more true for ppl who live in cold climate regions.. turning on a 1000W heater just costs you money. May as well turn on 1000W of radeons and earn money.
For those parties interested, I figured it out. The 5850 instance of cgminer needed the -g 2 tag.For combined that's probably so, but even if I run a cgminer instance with the -d 1 flag (pointing it to run the 5850 only) I still get the same issue. It won't produce a valid nonce.
fourth day card earns about 2.22 usd after electricity total earnings for the card .
$12.12 in four days. this brings net price to under 100. about $99.88.
I will track card for a few more weeks.
How long does it take for transactions to process? I just sent a bitcoin to my mtgox account and it hasnt' showed up yet. Making me nervous.
speculation to the peak price is very interesting. since there is a maximum of them in existence 11 million and up to 21 million. it is possible they could go up to very high prices. at 500 usd a coin. the current 11 million of them would be worth 5.5 billion usd. having 5 billion in coins that can move just about anywhere in the world has a lot of practical use to many people in countries with great restriction. I could see the item as a coin having real use for many people.
this could really jack the price. even the full amount of coins 21 million at 1000 usd each is only 21 billion usd. once again when compared to the entire world 21 billion usd is not that much money. so down the road when it has been mined. will it trade at 1000 usd a coin. maybe it will. or not.
All my life I have had a desire to find an interesting thing to place some money in. Well bit coin does qualify as very interesting.