bitcoin mining

[Jeepers]

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

Model	 Mhash/s	 Mhash/J		 Watts	      Clock
4850x2	 150.60	       0.602	        	 250	        625

so can someone tell me what this bitcoin mining is all about ? and how much is earned mining with a single 'puter ? and what good is BC, where are they spent ?

so confusing from what i see my hardware is way old and slow compared to most i found while searching .....

[Peter.Steele]

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.

[winnre]

You'd pay more in power than you'd get in coins. So only run it on your work computer.

[Jeepers]

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 ...

[Brianguy]

I guess I'll give this a try at work. I have nothing to lose

[Brandon04GT]

I tried reading up on bitcoins and the deep web and that that crap and I still never understood what it's all about.

[Brianguy]

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/

[bigbearbear]

I guess I'll give this a try at work. I have nothing to lose

Except your job if you boss finds out.

[Brianguy]

Except your job if you boss finds out.

I'm going to lose my job for having a website open in the background? You must work at a nazi run company.

[bigbearbear]

I'm going to lose my job for having a website open in the background? You must work at a nazi run company.

Utilizing company asset (electricity, network bandwidth and computers etc.) for your own profit, it is considered stealing and most companies will list that as an offense that can see you terminated for it.

Technically speaking, you're not even supposed to be browsing non-work related web sites.

[Brianguy]

Utilizing company asset (electricity, network bandwidth and computers etc.) for your own profit, it is considered stealing and most companies will list that as an offense that can see you terminated for it.

Technically speaking, you're not even supposed to be browsing non-work related web sites.

I don't think that is going to be a problem. I'm on youtube and CGN all day hogging up bandwidth

[Merc1138]

Utilizing company asset (electricity, network bandwidth and computers etc.) for your own profit, it is considered stealing and most companies will list that as an offense that can see you terminated for it.

Technically speaking, you're not even supposed to be browsing non-work related web sites.

LOL, worry about the policies of your own company and stop assuming that everyone else has to put up with similar rules.

[bigbearbear]

LOL, worry about the policies of your own company and stop assuming that everyone else has to put up with similar rules.

I work from home and I set my own policies (I mean, literally too, as I run my own Active Directory Domain Controllers).

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.

[bohoki]

bitcoins are like tickets at chuck e cheese you never get to trade them back in for tokens but once you have a hundred or so you can get a spider ring or a comb

[odysseus]

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!