Cryptocoin Mining?

[T_Yamamoto]

Dogecoins will bounce back.

Dogecoins to the moon!

(Only using a 660ti for mining, CPU is doing DC)

 

[holden j caufield]

What card is this? If it is 7950 or 7970, then I'd say take it! Even though those are really good results if you factor in power consumtion, you would be better off selling it for $325, buying a GTX 770 for ~$300, and getting your life back on track.

it was a 7950, yeah I think I may just sell off my stuff now and keep my current coins. It was fun but I really didn't sleep much, fretting the drops trying to get in and out at the right time. It was very exciting but and I may just keep 1 rig going for the hell of it but I never imagined I'd be so glued to it. I'd be refreshing my multipool, coinotron every few minutes, refreshing the exchanges every 30 seconds, trying to gain more coins through those fluctuations.

 

[T_Yamamoto]

it was a 7950, yeah I think I may just sell off my stuff now and keep my current coins. It was fun but I really didn't sleep much, fretting the drops trying to get in and out at the right time. It was very exciting but and I may just keep 1 rig going for the hell of it but I never imagined I'd be so glued to it. I'd be refreshing my multipool, coinotron every few minutes, refreshing the exchanges every 30 seconds, trying to gain more coins through those fluctuations.

Hardcore

 

[holden j caufield]

lol actually pretty sad, I'd find myself going to restroom in the middle of the night and then taking a detour towards the computer just to check... 2 hours later it's time to dress and go to work. The crazy part is 95% of my orders are auto orders where I set the buy and sell price and there is no need for me to look at it. But I couldn't help but check on them. GF would get annoyed when I'd check it while watching a movie at home (no I don't use my phone at the theatre) or out at lunch etc.

 

[Torn Mind]

lol actually pretty sad, I'd find myself going to restroom in the middle of the night and then taking a detour towards the computer just to check... 2 hours later it's time to dress and go to work. The crazy part is 95% of my orders are auto orders where I set the buy and sell price and there is no need for me to look at it. But I couldn't help but check on them. GF would get annoyed when I'd check it while watching a movie at home (no I don't use my phone at the theatre) or out at lunch etc.

Welcome to the life of being a trader on Wall Street, cuz those fellas likely do the same thing for stocks.

Also happens with fantasy sports.

 

[Attic]

it was a 7950, yeah I think I may just sell off my stuff now and keep my current coins. It was fun but I really didn't sleep much, fretting the drops trying to get in and out at the right time. It was very exciting but and I may just keep 1 rig going for the hell of it but I never imagined I'd be so glued to it. I'd be refreshing my multipool, coinotron every few minutes, refreshing the exchanges every 30 seconds, trying to gain more coins through those fluctuations.

I'd reccomend you find a way to set it and forget it. Find stable clocks and volts that don't require more than a look a day. Build up coins or set yourself up for auto trade into BTC at cryptsy or other. Then either hold BTC or trade BTC for USD once a week/month.

Let it run in backround and make some money.

 

[IEC]

Sounds like you're addicted. For what amounts to at best $10 a day I'd suggest you sell the card and get back to living...

 

[Torn Mind]

Seems like that if you can length the timeout time for websites, CoinedUp won't fail to load as often, although it will still take a while. Firefox and its variants and derivatives do support this feature. Maybe Opera does too, but I haven't checked...

Found this out while checking out the Kittehcoin thread on Bitcointalk...

 

[KingFatty]

hey guy quick question. If I have a card that does .0931- 0944v, at 990 core, 1490 memory and hashes at 611 khash stable. My coworker wants to buy it from me for $325. It seems like a really good card and I only used it for a few days. But the whole crypto currency is a little more time consuming for me than I'd like, I spend a ridiculous amount of time looking the charts and trying to trade them. I used to go exercise about 4-5 times a week and now I spend it looking at the little fluctuations in price etc.

Have you considered using sites like middlecoin? The concept is that you pay them 3% to do all the day trading/arbitrage/risk taking for you, and also they convert all profits into bitcoin. They find the most profitable scrypt-based coin, automatically set your card to mine it, and switch to a new coin as appropriate to maximize profits.

So that seems like it would solve your issues, because you won't use any of your time, just turn on the computer and walk away. Every day you'll get a deposit to your bitcoin wallet. So it's all out of sight.

I guess a better question is whether you can manage to leave the computer alone and just be like luke skywalker in the trench run, just let go luke, use the force and put away the screen, trust in middlecoin doing all the dirty work for you, and let the coins flow with the force into your wallet...

 

[thilanliyan]

^Yep I've been using middlecoin for a couple of weeks now too. Been good so far.

 

[Binky]

mtgox @ $1,000/BTC
coinbase @ $815/BTC

18.5% spread? That's ridiculous.

Has anybody come up with a way to move Mtgox to USD?

 

[JDG1980]

mtgox @ $1,000/BTC
coinbase @ $815/BTC

18.5% spread? That's ridiculous.

Has anybody come up with a way to move Mtgox to USD?

Am I missing something, or shouldn't investors be able to arbitrage this by buying BTC from Coinbase and selling them on MtGox?

 

[Soulkeeper]

Am I missing something, or shouldn't investors be able to arbitrage this by buying BTC from Coinbase and selling them on MtGox?

mtgox deposit/withdrawals are broken, it's like a blackbox now.

http://thegoxreport.com/
http://theblogchain.com/2014/01/24/mtgox-is-mtvesuvius-the-full-story/

 

[KlokWyze]

mtgox deposit/withdrawals are broken, it's like a blackbox now.

http://thegoxreport.com/
http://theblogchain.com/2014/01/24/mtgox-is-mtvesuvius-the-full-story/

2nd article was great. Thanks for sharing. As someone who got into cryptocurrencies last April, MtGOX has always been garbage to me. I got in by mining, purchasing LTC from other users and daytrading on BTC-E.

When buying/selling with other individuals, BTC-E is the reliable, more mature choice. MtGOX reeks of shadiness and incompetence.

 

[holden j caufield]

coinbase takes 5 days to convert your usd to btc.

 

[Silverforce11]

I highly suggest you guys who want USD/cash, to look up localbitcoins.com, its like an advert site where buyer/sellers put up listings and these guys play the middlemen to hold your coins/$ while the transaction occur... or best of all, you can actually meet up IRL and exchange bitcoin for cash! No transaction fees!

 

[Grooveriding]

I use cavirtex.com Deposit bitcoins, takes about an hour to 6 confirms, sell coins and direct deposit to my bank account happens in 1 business day.

 

[suklee]

You're probably better off using your normal wallet to send some BTC to an online wallet (or exchange) before you leave; then you can then login and send BTC over the web from your phone.

Never tried an online wallet before, but I am on a few exchanges.

Do you have an online wallet you can recommend?

 

[holden j caufield]

Have you considered using sites like middlecoin? The concept is that you pay them 3% to do all the day trading/arbitrage/risk taking for you, and also they convert all profits into bitcoin. They find the most profitable scrypt-based coin, automatically set your card to mine it, and switch to a new coin as appropriate to maximize profits.

So that seems like it would solve your issues, because you won't use any of your time, just turn on the computer and walk away. Every day you'll get a deposit to your bitcoin wallet. So it's all out of sight.

I guess a better question is whether you can manage to leave the computer alone and just be like luke skywalker in the trench run, just let go luke, use the force and put away the screen, trust in middlecoin doing all the dirty work for you, and let the coins flow with the force into your wallet...

Really wish I found that before multipool. I think that's well worth the 3%. Thanks

 

[SunnyD]

Well, I've gone and set up a pool. Nobody will probably care since it's for KlondikeCoin, but if anyone wants to jump on (I've been getting a little over ~100 KDC per day with 1.2MHash/s which at this morning's exchange rates was netted me about 0.023 btc)...

http://kdc.poolminewith.us

Feel free to throw some hashes at my server. Even if you want to just help me test it out for a little while.

Email verifications are enabled for everything, so if you don't get an email in a timely manner, check your spam folder.

Assuming everything ends up working properly with this pool, I'll slowly start adding other coin pools over the next few weeks.

 

[slashbinslashbash]

Never tried an online wallet before, but I am on a few exchanges.

Do you have an online wallet you can recommend?

No, I use the standard wallets. If you already have an exchange that you trust holding your coins, that's probably the way to go. When you want to pay somebody, just make a withdrawal to their address.

 

[broken_pixel]

it was a 7950, yeah I think I may just sell off my stuff now and keep my current coins. It was fun but I really didn't sleep much, fretting the drops trying to get in and out at the right time. It was very exciting but and I may just keep 1 rig going for the hell of it but I never imagined I'd be so glued to it. I'd be refreshing my multipool, coinotron every few minutes, refreshing the exchanges every 30 seconds, trying to gain more coins through those fluctuations.

They key to cryptocurrency is holding and waiting, don't give in to the pump and dumps.

 

[broken_pixel]

coinbase takes 5 days to convert your usd to btc.

Coinbase is the most secure for US based storage and exchange.

 

[broken_pixel]

mtgox @ $1,000/BTC
coinbase @ $815/BTC

18.5% spread? That's ridiculous.

Has anybody come up with a way to move Mtgox to USD?

No! Why would they? GOX is a pain via USA.

 

[Mark R]

Not just USA. Ever since Gox were done for money laundering, no banks will touch them.

If you live in Japan, you get get withdrawals in Yen, but foreigners can't open Japanese bank accounts.

Some withdrawals are making it out to Europe. However, small withdrawals in Euro are taking about 6-12 weeks, and withdrawals over about 1000 Eur are taking 6 months+.