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post #51 of 124
Quote:
Originally Posted by Bitemarks and bloodstains View Post

Here is a good video about BTC

Mm. Superb video, thanks for posting it.
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post #52 of 124
Quote:
Originally Posted by Speedster159 View Post

With my GTS450 i'm looking 5 Dollars a month. With the BFL 302.82 USD first month...?

Would you consider 0.13 Kwh cheap?

With a HD7950 you'd get about $2 / day , or ~$1 after electricity

No , $0.13 USD/ KWh is average http://en.wikipedia.org/wiki/Electricity_pricing#Global_electricity_price_comparison


HD7950 with core overclocked , memory downclocked (and memory undervolted) is the best choice.

HD 7790 is not that efficient due to the amount of cards you can fit on a motherboard. Gets less than half the hash rate of a HD7950 , less Mhash/W but less $/Mhash. For a starter card it's a good intro.
Edited by AlphaC - 6/6/13 at 12:53pm
post #53 of 124
Quote:
Originally Posted by lacrossewacker View Post

immune to inflation? Who's to stop a company donating 24 hours of their server load to bitcoin "mining" and just loading up on some crazy amounts of curreny

Difficulty scales with hash rate.

Supply is effectively fixed, the share of that supply one can get is all that changes.
Quote:
Originally Posted by Hokies83 View Post

A Asic Is a Gpu.

It has one goal in life and will only do one thing.

Mine Bit Coins.

GPUs are ASICs, but Bitcoin ASICs are not GPUs.
Quote:
Originally Posted by lacrossewacker View Post

has anybody here actually received lucrative assets from this? Money? Purchased items?

It's a billion dollar plus economy, so yeah.

Personally, I've almost totaly replaced PayPal with Bitcoin and Litecoin. I also mine (total profit of maybe 10k dollars in the last two years, I trade/sell as I go), but this has been secondary to simply using it to avoid ludicrous fees, privacy infringement, and transaction delays that anything associated with a bank usually implies.
Quote:
Originally Posted by WR6133 View Post

Anyone says they are making money still GPU mining is

a - Liar

b - Steals electricity or has somebody else pay the bill and have 20+ GPU's running

You do realize that electricity is pretty cheap some places?

GPU mining profitability has taken a nose dive with increasing difficulty, this is true, however, at 8 cents a kw/h I can still make 3-5 times as much as electricity costs, with a proper setup.
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post #54 of 124
My interest in this got sparked a few months ago. I did some reading and research and lost the spark because the electricity here runs .8878 kw/h. I don't think that my 6950 would be of any good use with a rate like that. I do find all this very interesting though.
post #55 of 124
Quote:
Originally Posted by Theroty View Post

My interest in this got sparked a few months ago. I did some reading and research and lost the spark because the electricity here runs .8878 kw/h. I don't think that my 6950 would be of any good use with a rate like that. I do find all this very interesting though.

I'm surprised that you even bother turning on your computer to browse OCN with electricity at that cost, at least with anything more powerful than a netbook.
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post #56 of 124
Got the calc wrong apparently, with my GTS 450 i would get -4.48.

Lol..
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post #57 of 124
Quote:
Originally Posted by Theroty View Post

My interest in this got sparked a few months ago. I did some reading and research and lost the spark because the electricity here runs .8878 kw/h. I don't think that my 6950 would be of any good use with a rate like that. I do find all this very interesting though.
That is ridiculously expensive! Are you on some sort of private land or have a smaller electric company? The average electricity cost for the US is between .08-.17(.37 in Hawaii). If I were you I would be asking some questions to my electric company. Just took a second look, at .88 your electricity costs more than every other countries average in the world! :/
Edited by XiCynx - 6/6/13 at 1:06pm
post #58 of 124
Quote:
Originally Posted by XiCynx View Post

That is ridiculously expensive! Are you on some sort of private land or have a smaller electric company? The average electricity cost for the US is between .08-.17(.37 in Hawaii). If I were you I would be asking some questions to my electric company. Just took a second look, at .88 your electricity costs more than every other countries average in the world! :/

At that rate, it would be cheaper to buy a solar power system, even if you lived in Canada.
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post #59 of 124
nobody should feel toooo cheap about the power cost. We fold 24/7 for a good cause. At least this gives you some sort of payments back!
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post #60 of 124
So apparently .13 is pretty good... o.o

And i thought our electricity here is high.. -.-"

What would be the best GPU to get for a budget of $50? (Considering the system will be some CM PSU with a Bronze certification, and an old 775 P4 at 2.4Ghz?)
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