It's tempting to get into mining just for the heat. Yeah heating with electricity is more expensive than natural gas, but if I'm making money with crunching then it works out nicely. Once I'm done my basement project and paid off my credit line I might seriously start to look into it. I'll start small, see if I can make a bit of money then increase the size from there.
we rannout of child labor to mine diamonds in afrika so now we are trying to mine fake diamonds on the internet using nerds
Lucky. The cooling might be what kills the project for me.
I wonder if I can run a mining rig using 100F outside air for cooling.....
Where can you buy these things? Legitimately.
you've been pissing all over crypto on here for as long as i can remember, and yet it just keeps growing and growing and gaining popularity and market share and value. when are you going to recognize that you just might be wrong?
I'm pissing on it because I have moral values. Sure I would love to make a quick buck and had I known before hand how ridiculously stupid it was to make money....maybe I would have went on board.
Yea, because what we need is more government control in our lives. I wish my cash purchases could be tracked as easily as my electronic ones, and I welcome my benevolent overlord's oversight of all my purchases.I wish the government would have nipped this in the bud a long fucking time ago, but they either #1 have skin in the game or #2 are a bunch of pussies.
It takes a tremendous amount of work to create bitcoins, and that's what keeps fraud out of the production/spending. Because they aren't found by people swinging pick axes, it doesn't mean it takes no work. You could say building roads doesn't take work, since it's the machines doing the heavy lifting.The whole basis of it is obtaining credits for doing absolutely.no.effort.
Computing fake algorithms to randomly obtain a fixed amount of "coins"....yeah explain to me how this creates a legitimate source for currency.
we rannout of child labor to mine diamonds in afrika so now we are trying to mine fake diamonds on the internet using nerds
I'm pissing on it because I have moral values. Sure I would love to make a quick buck and had I known before hand how ridiculously stupid it was to make money....maybe I would have went on board.
I wish the government would have nipped this in the bud a long fucking time ago, but they either #1 have skin in the game or #2 are a bunch of pussies.
The whole basis of it is obtaining credits for doing absolutely.no.effort.
Computing fake algorithms to randomly obtain a fixed amount of "coins"....yeah explain to me how this creates a legitimate source for currency.
I think....at one point it made sense...if you wanted to buy drugs or sex....because there were very very few ways to do that completely anonymously. Using cash to do these things is not valued because you have to do it in person and it may possibly be dangerous.
Also..the market value also is meaningless because it's in it's own imaginary market. A bitcoin is like a baseball card...unique and only so many. A baseball card may be worth $1000 USD, that DOES NOT mean a baseball card has more "intrinsic value" then real currency.
But at some point, you know what happens? The maker of the baseball cards gets greedy and then starts flooding the market with more cards, making the value of each card drop tremendously.
Everyone wants to make the quick buck...and if you can do it, good job and good for you.
Unfortunately, everyone else is a bunch of idiot lemmings and they are the ones who are going to get fucked in the ass...then people like me who have actual moral values will have to pay for their bailout social programs.
I have a few friends with boxes filled with what were once valuable and rare baseball cards. They are now not even worth the energy which would be produced if you burn them.
Go ahead, make a quick buck, but you are lying to yourself if you think this will last as it currently exists.
Litecoins differ from Bitcoins in that they cannot be mined with specialized chips like bitcoins. Right now you can only use CPU's and GPU's for litecoin mining. Any 5000 series or newer AMD cards do a good job. My 7970 mining for around 8 hours a day produced 0.95 litecoins in 5 days which is about $30.
Lucky. The cooling might be what kills the project for me.
I wonder if I can run a mining rig using 100F outside air for cooling.....
Litecoins differ from Bitcoins in that they cannot be mined with specialized chips like bitcoins. Right now you can only use CPU's and GPU's for litecoin mining. Any 5000 series or newer AMD cards do a good job. My 7970 mining for around 8 hours a day produced 0.95 litecoins in 5 days which is about $30.
They can't be mined with current specialized hardware.
GPUs are pretty well designed for litecoins though, cpus are pretty much obsolete already.
The first litecoin asics are supposed to hit in a month or two. The algorithm is more memory intensive than bitcoin, but not so much so that you can't just put a memory bus on the ASIC. Heck, the silicon budget might be high enough now that you could put enough memory on chip, how much space would it take for TSMC to put 1GB of ram on die?
The under lying algorithm that litecoin uses (scrypt) can be tuned to make it so memory intensive that it would be infeasible for a GPU or ASIC to do it...but then few PCs could do it either. Right now, the algorithm fits with the cache of a cpu or GPU, but it can be tuned so it doesn't.
Cooling depends on your system. You can cool with 100 degree air, but it may shorten the life of your server. You can get creative though and cool only the intake air like we do in datacenters (hot aisle/ cold aisle)
Research data center cooling but calculations to figure out what the wattage to heat would be for your particular system. You may need some software to read power consumption when grinding.