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Technology and Internet Emerging and current tech related issues. Internet, DRM, IP, and other technology related discussions. |
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bitcoin mining
a friend of mine noticed i am running 2 radeon 4850 and says "damn dude you should mine with those" and got me wondering about it so did a lil research on mining and still lost but found some info about mining with my cards but have no idea what it means ...lol
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Model Mhash/s Mhash/J Watts Clock 4850x2 150.60 0.602 250 625 so confusing from what i see my hardware is way old and slow compared to most i found while searching .....
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#2
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Here's what good it is.
Hm. I've got a pair of OG Visiontek 4870's in an old Phenom 9850+ box that aren't doing anything at the moment ... I wonder if the reward in bitcoins is worth what I'd blow in electricity? Seriously - my i7 laptop paid for itself in about 40 days just in terms of the PG&E bill, never mind the productivity increases.
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NRA Life Member No posts of mine on Calguns are to be construed as legal advice, which can only be given by a lawyer. |
#4
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ok from what i can see its a sham looking at the exchange rate to buy gold with BC its almost funny and find very few legit places that take BC ... its interesting but not for me ...
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#7
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yeah it's hard to understand. i found one site with bit mining app. you can solo or work in groups.
http://www.weusecoins.com/mining-guide.php at the moment I'm trying out this website to see if it will actually get a payout. It'll be years before I can buy anything decent though lol http://www.bitcoinplus.com/generate if you're on a 64 bit system make sure you run it in a 64 bit browser. It works way faster that way get the bitcoin app here and i guess it has to sync with the network first. you get an address and use that to receive the bitcoins http://bitcoin.org/ Last edited by Brianguy; 03-09-2013 at 12:20 AM.. |
#10
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Technically speaking, you're not even supposed to be browsing non-work related web sites. |
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#12
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#13
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What I'm saying is, do it at your own risk. If you get fired, don't say your brothers at calguns.net didn't warned you about it. Last edited by bigbearbear; 03-09-2013 at 2:35 PM.. |
#15
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Keep in mind, my general opinion on the liberty of these matters aside, that my understanding is that due to the nature of the illegal commerce or laundering that theoretically could occur under a BC mechanism, organizations like the NSA, CIA, ATF, DEA, DHS and FBI are probably actively listening, tracking, and researching all BC participants. Probably this thread too!
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"Just leave me alone, I know what to do." - Kimi Raikkonen The moment the idea is admitted into society, that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.' and that `Property is surely a right of mankind as real as liberty.' - John Adams http://www.usdebtclock.org/ Last edited by odysseus; 03-09-2013 at 3:13 PM.. |
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#17
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Did I scare off the thread?
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"Just leave me alone, I know what to do." - Kimi Raikkonen The moment the idea is admitted into society, that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.' and that `Property is surely a right of mankind as real as liberty.' - John Adams http://www.usdebtclock.org/ |
#18
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With the release of new bitcoin mining hardware, GPU mining (at least for me) isn't worthwhile anymore.
Maybe 8 months ago, I had a few cards mining. 4770, 5770, 5830, 5830, 5850, 5870, 6770, 6850 At the difficulty level at the time, I think I was around 1300mhash/s. Now 1 ASIC miner will use less electricity and put out way more hashing power than that.
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“The rifle itself has no moral stature, since it has no will of its own. Naturally, it may be used by evil men for evil purposes, but there are more good men than evil, and while the latter cannot be persuaded to the path of righteousness by propaganda, they can certainly be corrected by good men with rifles.” - Jeff Cooper, Art of the Rifle |
#19
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So the mining task is to calculate hashes so that transactions can be recorded?
Why do the mining tasks get more complicated over time? Is that something intentionally built into the system because of the expectation that computers will become faster over time and they want to keep the mining task challenging for the current hardware? Or Is it simply because the transaction records become larger over time which causes them to be more complex to calculate? Last edited by SoCal326; 03-10-2013 at 6:36 PM.. |
#20
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I just read all the links, it still doesn't make any sense what so ever...
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None of my posts are serious or real, nothing I post is legal advice. |
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#24
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Just trying to look out for fellow CGN'ers, don't want to see more threads like the one with the guy crying about getting CGN blocked on their third day at their new job.
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"Any unarmed people are slaves, or are subject to slavery at any given moment." - Dr. Huey P. Newton |
#25
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Bitcoin would be an interesting idea if it were stable, in that at least you could obtain currency that the government couldn't inflate away. But you can already do that with precious metals, and it may be as easy to bury gold than to make an un-hackable Bitcoins wallet. So the only advantage of Bitcoin is crime and evading capitol controls. But as governments begin to regulate the Bitcoin exchanges, moving your money out of a Cyprus or Argentina might be trickier.
So if Bitcoin goes from 30 to 90 per dollar after Cyprus, and then the Eurozone and U.S. authorities regulate the exchanges, Bitcoins would plummet in value, maybe back down to what they were before, just a few dollars each. Still, an interesting idea to watch. |
#26
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NY Senator Chuck Schumer doesn't like Bitcoin, in fact he hates it.
That's reason enough for all of us to learn more about it and give it some thought. I have no interest in any kind of mining but if I can accept payments where every one causes Chuck Schumer to give birth to a fully grown cow without benefit of epidural, it might be worth it. The only thing I can't figure out after reading all the techie mumbo-jumbo is how do I turn bitcoins into cash so I can deposit them in the bank... But as I read more about Bitcoin I'm reminded of the debacle of the NORFED Liberty Dollar. -Mark
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Manufacturer of CA AWB Compliance Products from Oct 2009 to Nov 2018
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#27
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same issue here i can consider myself somewhat computer savvy but by reading some info about it looks very complicated and beginners forget about it. One thing that is a major concern is the susceptibility to be hacked in which it did happen several times. There is no code that cannot be hacked so that's a major problem.
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ehhh Last edited by cpl_dan; 03-30-2013 at 2:55 PM.. |
#28
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Its not all a racket, there are plenty of vendors, and a list is kept at the bitcoins forums. You gotta be quick for some of them since they delete any posts with guns or chemistry. Its a niche market, you can use bitcoins for a variety of gaming stuff, especially for EVE. Maybe one day you can buy food with it and pay rent...
The hacking that has taken place targeted personal computers and some networks. Logging in and transfering bitcoins from the victims wallet to the theifs wallet. Asides from the networks that were hacked, the home users are probably the type that lose their credit card every month, and click on whatever add pops up from the internet. There is risk in everything. One should have a laptop only used for transactions fitted with tor, truecrypt, and only used sparingly and disconnected from the net when not in use. No facespace...no twiting, no games. Your side of the ethernet is the easiest to be hacked. Beyond that its in gods hands. |
#29
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The cost/benefit of mining isn't worth it. It takes a lot longer to mine them than it did a few years ago.
Sent from my SGH-T999 using Tapatalk 2
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Oppressors can tyrannize only when they achieve a standing army, an enslaved press, and a disarmed populace. -- James Madison The Constitution shall never be construed to authorize Congress to prevent the people of the United States, who are peaceable citizens, from keeping their own arms. -- Samuel Adams, Debates and Proceedings in the Convention of the Commonwealth of Massachusetts, 86-87 (Pearce and Hale, eds., Boston, 1850) |
#30
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Sent from my SGH-T999 using Tapatalk 2
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Oppressors can tyrannize only when they achieve a standing army, an enslaved press, and a disarmed populace. -- James Madison The Constitution shall never be construed to authorize Congress to prevent the people of the United States, who are peaceable citizens, from keeping their own arms. -- Samuel Adams, Debates and Proceedings in the Convention of the Commonwealth of Massachusetts, 86-87 (Pearce and Hale, eds., Boston, 1850) |
#31
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Coinbase is making it very easy to buy/sell bitcoin with your bank account (w/ very low fees) and then to use your bitcoin to purchase stuff.
Keeping your wallet on your machine is a non-trivial matter (you need to run bitcoin processing code); better to keep the wallet elsewhere (and optionally back it up to your machine). |
#32
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BTC is a stepping stone to a global currency. AT this point in the mining game you either need a dedicated serious ASIC mining rig running
1,500 Gh/s and free power. An ideal setup would be a cheap apartment with power included running multiple rigs 24-7 at around 6,000 Gh/s. Now the problem is recouping the cost of the gear, as more blocks BTC are discovered they become ever increasingly more difficult to find. Personally I work in a mining pool and just do it for the fun aspect, will never get rich.
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Sofa King Tactical! |
#33
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XL-650 to feed the: .45ACP's Les Baer Concept V, Ruger SR 1911, Ruger Nightwatchman,custom built Colt M1911, Springfield .45ACP Loaded.. 9MM SA Range Officer,Ruger P-85, Springfield Stainless 9MM loaded, SA 9MM 5.25" XDM, Springfield 9mm Stainless Range Officer, STI double stack .45ACP. IDPA A41750 Safety Officer NRA Certified RSO "Stay out of the deep end of the pool; correct the problem with your credit card, not your dremel!" |
#34
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Shop Amazon and contribute to CGF! click this link before going to amazon.com http://www.shop42a.com www.appleseedinfo.org "Everyone has a plan, till they get punched in the face." -Mike Tyson |
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