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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 309

post #3081 of 22321
jalapeno was crap tongue.gif

I'll be converting most of my LTC > BTC, I have prolly ~ .08 BTC atm, so better than nothing.
[ WOMD ] Rainuke
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[ WOMD ] Rainuke
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post #3082 of 22321
Can anyone tell me how those of you in the US are getting usd onto btc-e? for lack of a better word, all their accepted methods look....sketchy.
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post #3083 of 22321
Quote:
Originally Posted by TheLAWNOOB View Post

Kay now this is not fair. My HIS 7850 is beating my XFX 7870 in mining, the 7850 has less cores, lower core frequency, and lower memory frequency !

Wth is going on? The 7850 is running on first gen i3 and 7870 is running on second gen i5.

Another reason to not get XFX.

My 7850 is an XFX. Been getting around 60% of the average Kh/s rate for a 7850 though it's probably because the cores are underclocked to 600 mhz.

The fan is rattly and balls loud. I hope the 7950 isn't the same. Too bad- their fan shrouds look boss though.
Quote:
Originally Posted by Shurr View Post

Can anyone tell me how those of you in the US are getting usd onto btc-e? for lack of a better word, all their accepted methods look....sketchy.

I don't bother trying to get dollars directly in bitcoin exchanges, too much workaround.

What I do is use CoinBase to wire money directly from my bank account to their website, then deposit the bitcoins I get in CoinBase to the address that Btc-e gives you in the "funds" page.

CoinBase would probably be the easiest website to convert US dollars to bitcoin right now.
Edited by ccRicers - 11/21/13 at 2:39pm
post #3084 of 22321
Pill, good luck getting a cheap ASIC lol. Sold me Jalo for $480 shipped.
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post #3085 of 22321
Quote:
Originally Posted by ccRicers View Post

What I do is use CoinBase to wire money directly from my bank account to their website, then deposit the bitcoins I get in CoinBase to the address that Btc-e gives you in the "funds" page.

CoinBase would probably be the easiest website to convert US dollars to bitcoin right now.

This is what I was thinking, Coinbases btc price is quite a bit higher at any given time than btc-e, why is that?
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post #3086 of 22321
Quote:
Originally Posted by Shurr View Post

This is what I was thinking, Coinbases btc price is quite a bit higher at any given time than btc-e, why is that?

Coinbase seems to use an aggregate of exchange prices to get their value. Their prices seem to be more similar to Bitstamp, another online exchange. Btc-e's prices are usually the lowest- I hear it's because it's easier to move currency around.

There is no "dominant" value at any point now since the currency is still fluctuating all over the place. Take localbitcoins, where you have to meet someone in person locally. In my area their prices are high, probably because they are hedging their bets on the price going up so they don't take a big loss.
post #3087 of 22321
Thread Starter 
Quote:
Originally Posted by phillyd View Post

BFL has their Jalapeno new for $275ish I'll try to find one used.

Do as you please, but ordering asics is not a bright idea, whereas getting a few radeons (which you can always resell to gamers or benchers) is not only faster, more profitable but also way safer.
Also, if you go hunt for used ASICs sellers will overprice them considerably.
If you still feel like mining Bitcoins, then feel free to order those, I wouldn't do it nor advise it to anyone. thumb.gif
post #3088 of 22321
Quote:
Originally Posted by kyismaster View Post

Youll be surprised what underclocking and incredible mem clocking has done for me

I'll be very surprised if it has indeed made a single 7870 push out a sustained 600-700KH/s.

In everyone else's experience, there is an optimal core/memory ratio for any given GPU, and going beyond this (say by increasing memory clock more, or reducing core clock) does not offer tangible performance benefit.

What you are stating is utterly unprecedented, which is why we are so skeptical.
Quote:
Originally Posted by phillyd View Post

No, you mine Litecoins. I mine Bitcoins. I believe there is a chance this currency will hang in there for a lot longer than Litecoins.

The point he was trying to make is that you can accumulate Bitcoins faster and with less risk via mining Litecoin with GPUs than getting a BFL Jalapeno. The initial cost of entry to significantly profitable BTC mining is a bout two more zeros tacked on to what you are likely to be able to get a BFL Jalapeno for.

At current difficulties, a single 7970 will make LTC that you can convert to BTC faster than a 5GH/s Jalapeno can directly mine BTC, even after accounting for the greater electricity cost of the GPU.
Quote:
Originally Posted by barkinos98 View Post

Well yeah
bitcoins were the first thing in the e-coin stuffs i'm sure they'll hang out longer...

I'm not entirely convinced.

Bitcoin is far more popular, but largely because it's the first, not because of any special merit it has. Whether being first is enough, only time will tell.

I readily rule out altcoins that don't offer anything new, that have been pre-mined, that are too vulnerable to 51% attacks, or are obvious scams, but many of the rest are fair game. I do convert a portion of anything else I mine to Bitcoin, and often back again, but having a quantity of at least two cryptos has numerous advantages.
Edited by Blameless - 11/21/13 at 5:37pm
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post #3089 of 22321
Electricity is 6 cents a kWh off peak, 12 cents a kHw on peak.

Is it a good idea to mine on 2 7850s, 3 5850s, and 4 6970s?

How much power do you thing that will suck up when mining litecoins?

My estimate is 1.3kWh, assuming the GPU's don't go full retard.

So around 77$ for electricity? Weekends are off peak, on peak is about 10 hours every weekday.
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post #3090 of 22321


hands down, best BTC price ever.
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[ WOMD ] Rainuke
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