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cooldude7

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#1

wtf bitcoin ?

07-05-2011, 10:09 AM

i wanted to give it a try.,

so i did.,

cpu: intel core 2 duo 2.66 ghz.,
ram : 3 geg ddr2
video ram : nvidia 9400gt 1 gb ddr2 ram.
hd 660 gb

i kept that app. running more than 3 hours and i get this

not a single cent ??

am i doing something wrong ?

wtf ?

Thanks for your time .

anyone had any success ? minning ?

Last edited by cooldude7; 07-05-2011, 10:24 AM.
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Harmon

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#2

07-05-2011, 10:12 AM

No, you are not wrong... you are a sheep. Enjoy your flock. Your shepard just used your PC for unthinkable acts.

This place never ceases to amaze me.

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cooldude7

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#3

07-05-2011, 10:16 AM

Originally posted by Harmon

No, you are not wrong... you are a sheep. Enjoy your flock. Your shepard just used your PC for unthinkable acts.

This place never ceases to amaze me.

i know they are doing something illegal using my pc's resources, but i just wanted to c, after all this bitcoin hype in news.,

so i tried it nad damn, not a single cent .
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#4

07-05-2011, 10:17 AM

You have to have AMD/ATI graphics card to mine bitcoins
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cooldude7

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#5

07-05-2011, 10:25 AM

Originally posted by Chosen

You have to have AMD/ATI graphics card to mine bitcoins

c'mon whats so special in ati?,, mine conf. isnt so bad., i guess ihave to try linux vcersion with cuda support.
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#6

07-05-2011, 10:32 AM

Free 🅑🅘🅣🅒🅞🅘🅝🅢 Every Hour (Yes, really. Free ₿itCoins.)
(Signup with ONLY your Email and Password. You can also refer people and get even more.)
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#7

07-05-2011, 10:34 AM

you are doing it wrong
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cooldude7

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#8

07-05-2011, 10:35 AM

Originally posted by Internet User

you are doing it wrong

teach me, ill pay u 50% of my bitcoin revenue, not kidding.
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Serge Litehead

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#9

07-05-2011, 10:39 AM

calculator to estimate how much can you mine based on hashing rate
http://bitcoinx.com/profit/

table of verious hardware and their various hashing rates based on various overclock and miner settings
https://en.bitcoin.it/wiki/Mining_hardware_comparison

CPU mining is so 2009-10, nvidia is obsolete too

solo mining is pointless now unless you have mining farm with throughput of 10+ GigaHash/sec

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#10

07-05-2011, 10:43 AM

Stick to WOW gold...

Looking for Opportunity!
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Serge Litehead

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#11

07-05-2011, 10:43 AM

https://en.bitcoin.it/wiki/Why_a_GPU...ter_than_a_CPU

nVidia is focused more on floating point calculations and ATI is better for integer calculations which is used for mining bitcoins. Plus ATI's have more streaming processors

do your homework!

Last edited by Serge Litehead; 07-05-2011, 10:45 AM.

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cooldude7

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#12

07-05-2011, 10:45 AM

Originally posted by holograph

https://en.bitcoin.it/wiki/Why_a_GPU...ter_than_a_CPU

nVidia is focused more on floating point calculations and ATI is better for integer calculations. Plus ATI's have more streaming processors

do your homework!

thanks for your input, i really appreciate it.
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#13

07-05-2011, 10:46 AM

dude, if you have taken as much time as it took to make the screenshots to cry in this post to read about bitcoin, you'd have known that:

1. your gfx card is worth fuck all when it comes to mining bitcoins

2. bitcoins are mined in blocks, so when you get some, you'll get a block with 50 bitcoins

3. this one's just for fun.. bitcoin value: about $15 atm. you spend 3 hours doing fuck all and you cry you didn't make $15.. you thought it would be that easy?

yea i <3 gfy too, all kinds of ppl here

ps. your pc is a piece of shit

Last edited by cAn_taH; 07-05-2011, 10:50 AM.
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#14

07-05-2011, 10:48 AM

not all is lost, you may go to the bit coin faucet for a free bit of a bitcoin;)
http://freebitcoins.appspot.com/

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#15

07-05-2011, 10:49 AM

How many Viagra spam emails did they have your computer send out in the 3 hours?

↑ see post ↑
13101
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cooldude7

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#16

07-05-2011, 10:50 AM

Originally posted by cAn_taH

dude, if you have taken as much time as it took to make the screenshots to cry in this post to read about bitcoin, you'd have known that:

1. your gfx card is worth fuck all when it comes to mining bitcoins

2. bitcoins are mined in blocks, so when you get some, you'll get a block with X bitcoins

3. this one's just for fun.. bitcoin value: about $15 atm. you spend 3 hours doing fuck all and you cry you didn't make $15.. you thought it would be that easy?

yea i <3 gfy too, all kinds of ppl here

ps. your pc is a piece of shit

i love you, i like it when people answer straight forward.,

thanks a lot for your input.

i have to upgrade my pc to something with i7 and with ati.
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cooldude7

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#17

07-05-2011, 10:52 AM

Originally posted by ottopottomouse

How many Viagra spam emails did they have your computer send out in the 3 hours?

i thought they cracking encrypted hash of government db ...
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#18

07-05-2011, 10:52 AM

So really, what is the processing used for? There has to be profit at the foundation of bitcoin for it to be worth something.
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cooldude7

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#19

07-05-2011, 10:53 AM

Originally posted by Caligari

not all is lost, you may go to the bit coin faucet for a free bit of a bitcoin;)
http://freebitcoins.appspot.com/

yeah i saw that b4, but i am not looking for free bitcoins or some easy money making, i just wanted to c how this thing works.
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cooldude7

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#20

07-05-2011, 10:55 AM

Originally posted by Matt 26z

So really, what is the processing used for? There has to be profit at the foundation of bitcoin for it to be worth something.

i guess md5 hash cracking, but i guess they dont need this much large network for that .,

maybe aes ?
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Caligari

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#21

07-05-2011, 10:55 AM

Originally posted by cooldude7

yeah i saw that b4, but i am not looking for free bitcoins or some easy money making, i just wanted to c how this thing works.

well unless you hook up to skynet that may be as close as you're going to get;)

of course you can always sell stuff for bitcoins, alot less $ in order to do this.

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Serge Litehead

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#22

07-05-2011, 10:59 AM

cpu/ram/video ram don't effect mining.

all you need good GPUs and enough power/cooling to OC them to get good hashing rates...
I have 2 ATI 5830 which give total 550MHash/s and unless I add another 500+ MHash its not worth much mining atm unless price per BTC shoots over $20-25

get on the mining forum, there's lots of great advice

before investing in hardware study links in my first first reply here, to get good idea what to expect and keep in mind difficulty resets every 10-14 days and been going up constantly so you will have to account for that too, good thing increase of difficulty is slowing down atm, maybe we'll see decrease soon, just don't bet on it

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cooldude7

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#23

07-05-2011, 11:01 AM

they have some javascript, you add it to your site and your surfers pc resources will be used to this thing and u make money,., only bigger tubes can earn some nice cash i guess., and surfer will think why their cpu usage is so high, while watching porn,

but as statastics says , average male watches porn for 12 minutes , then also million hits /day* 12 minutes, 12 mil. minutes., thats a lot cracking. just a thought.
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cooldude7

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#24

07-05-2011, 11:03 AM

Originally posted by holograph

cpu/ram/video ram don't effect mining.

all you need good GPUs and enough power/cooling to OC them to get good hashing rates...
I have 2 ATI 5830 which give total 550MHash/s and unless I add another 500+ MHash its not worth much mining atm unless price per BTC shoots over $20-25

get on the mining forum, there's lots of great advice

before investing in hardware study links in my first first reply here, to get good idea what to expect and keep in mind difficulty resets every 10-14 days and been going up constantly so you will have to account for that too, good thing increase of difficulty is slowing down atm, maybe we'll see decrease soon, just don't bet on it

this is some gr8 advice.
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#25

07-05-2011, 11:05 AM

Originally posted by Emil

Make Money
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Serge Litehead

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#26

07-05-2011, 11:21 AM

Originally posted by Matt 26z

So really, what is the processing used for? There has to be profit at the foundation of bitcoin for it to be worth something.

processing used to secure and process transactions which is called mining. its based on controlled probability of finding encrypted solution for each new successful block (the block contains new transactions) which is added to blockchain (public transaction log system) and for each such found block miner is rewarded with X number of bitcoins, which is currently 50
as network grows it becomes more secure against attacks. Currently networks processing power is greater than 500 top supercomputers combined. Only way to attack the network is to have same amount or greater of processing power then block chain can be forked and you may be able to do some nasty things, if you would want to rewrite older older transactions in blockchain you will need to spend even greater amount of processing power. From this perspective network isn't 100% secure but with such processing power attacker will be more profitable at mining then corrupting the network. Sorry I side-tracked but there is lots of stuff behind how this technology works with very elegant math solution to keep it decentralized and secure.

Bitcoin worth is really in ability to make fast and cost effective transactions in a secure decentralized way. This is first tech that can be greatly utilized for micro-payments as well.

Too much into to be able to put in few paragraphs hopefully I didn't make it more confusing.

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#27

07-05-2011, 11:27 AM

YOUR AD HERE!
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#28

07-05-2011, 11:35 AM

Originally posted by CaptainHowdy

i really dont understand what do they do with your pc when you dig bitcoins?

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#29

07-05-2011, 11:35 AM

Originally posted by holograph

processing used to secure and process transactions which is called mining. its based on controlled probability of finding encrypted solution for each new successful block (the block contains new transactions) which is added to blockchain (public transaction log system) and for each such found block miner is rewarded with X number of bitcoins, which is currently 50
as network grows it becomes more secure against attacks. Currently networks processing power is greater than 500 top supercomputers combined. Only way to attack the network is to have same amount or greater of processing power then block chain can be forked and you may be able to do some nasty things, if you would want to rewrite older older transactions in blockchain you will need to spend even greater amount of processing power. From this perspective network isn't 100% secure but with such processing power attacker will be more profitable at mining then corrupting the network. Sorry I side-tracked but there is lots of stuff behind how this technology works with very elegant math solution to keep it decentralized and secure.

Bitcoin worth is really in ability to make fast and cost effective transactions in a secure decentralized way. This is first tech that can be greatly utilized for micro-payments as well.

Too much into to be able to put in few paragraphs hopefully I didn't make it more confusing.

confusion is the first step towards enlightenment!
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cooldude7

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#30

07-05-2011, 11:37 AM

Originally posted by seeandsee

i really dont understand what do they do with your pc when you dig bitcoins?

exactly,..,.,.,.,.,.,

you can c the source code its open source app.,
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#31

07-05-2011, 11:41 AM

Originally posted by ottopottomouse

How many Viagra spam emails did they have your computer send out in the 3 hours?

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#32

07-05-2011, 11:45 AM

Originally posted by seeandsee

i really dont understand what do they do with your pc when you dig bitcoins?

when someone sends bitcoins, miners do the dirty work to secure and process that transaction along with others so it can reach the destination, for this miners get rewarded with new bitcoins. with time reward will be split in half and again and again until some point reward will be very close to zero but never reach it, by that time miners will be mainly rewarded by transaction fees for their job.

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#33

07-05-2011, 03:17 PM

Make a bank with Chaturbate - the best selling webcam program
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#34

07-05-2011, 03:20 PM

Zero Sum games are fun
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#35

07-05-2011, 03:30 PM

If you consider the initial cost of hardware, the cost to you in lost processing cycles that could be used for other things, the cost of your internet connection, the cost of the electricity to run your computers while mining, the depreciated value of the hardware over time and the value of your own labor installing the bitcoin mining software and keeping track of it all, it's very hard to see any value in the whole proposition unless bitcoin value is relatively high.
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Serge Litehead

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#36

07-05-2011, 03:50 PM

it all comes down to cost of new mining hardware and electricity, justifying against speculation of mining difficulty and btc price

mining GPUs selling out like hotcakes, you won't find much of used ones selling cheaper than retail unless you get lucky (if there's huge bitcoin crush and everyone rushes to sell their GPUs then it will depreciate significantly)

internet you already paying for, not much BW used

processing cycles are not lost in dedicated mining rigs, I run miners on my workstation and it didn't slow down my PC one bit, can even watch netflix while mining without quality loss
unless you pull processing cycles from already intence tasks such as video rendering/3modeling, it is not an issue

labor cost depends how organized, optimized and crafty you're, yes there is a learning curve, ones you setup everything you just have to keep an eye on it with occasional downtime for maintenance/repairs. people running dozens of rigs - they may spend more time in labor, but they are making it their business not a hobby

Last edited by Serge Litehead; 07-05-2011, 03:58 PM.

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