$#@! and stuff

[Nightshade]

well can see that nun of you know anything about bit coin mining Lol heres a few pointers

First

you all forget about the ELECTRICITY it consumes ALOT. (Most Of the Time More than it makes you back)

Mining On your GPU Is Far Superior to mining on your CPU in fact mining on your Cpu is a Joke and should not be contemplated unless its mining alongside your Gpu

You need a full fledged Gaming Machine to even think about mining, raspberry pies / small machines are not worth it as the time it takes to get a bitcoin / namecoin takes far to long and is not efficient

A PROPER mining machine is comprised of 1-4 GPU's in crossfire or sli and a dual socket MB Or an i5 quad core or higher ,as it takes FAR more Computer Grunt to mine than u think

Most of the time if your paying for power u wont make enough to Make it worthwhile at least not in Nz , as your looking at least 1 1000w machine running 24h a day Mining

if you want to make a mining machine its best to go for something like say a pair of old 5870s on a cheap crossfire board , its all about the Gpu Grunt thats what churns the bitcoins

out, you could set up clusters with small machines but u would be better just buying a real gpu or 4 Or some Nvidia Teslas if your Feeling Rich

The other thing that has happened is bitcoins have got alot harder cruch out as the math /numbers, there crunching get harder all the time as more people start mining, that's how they keep the value of the bitcoin up by making the hashes harder

So Sorry Its Not The New Way to make money Unless you have a good supply of GPUs and FREE POWER lol Hope That Helps

Thank you for getting back on topic. There are some in the thread floating around out in left field. I have the money to put together a decent rig, and even have the ability to build it muself. I just wanted to hear some experiences from others.

Also from what I've read the smaller 5 GH/s machines work well when ran in a pool with several others. To be honest this is where I would probably start before dropping ten grand or so on a better machine.

[bbeljefe]

Hmmm..... get a many as you can now, before they ain't worth shit LOL\

each new ledger update creates some newly minted bitcoins. The number of new bitcoins created in each update is halved every 4 years until the year 2140 when this number will round down to zero. At that time no more bitcoins will be added into circulation and the total number of bitcoins will have reached a maximum of 21 million bitcoins

That won't cause the value to drop, it will cause the value to rise. Economics works on the principle of supply and demand. When the supply is finite, demand rises and value increases. Likewise, when supply is unlimited, demand falls accordingly and so does value.

There is a near infinite supply of US currency and, there is nothing stopping the state from making more of it. The result.... your 2013 dollar will buy about the same amount of goods or services that a brand new dime would buy a hundred years ago.

[big dee]

I would rather not be apart or dealing in the same areas on the Internet as those sick fucks an childporn. Regular Internet is good lol you guys can keep the underground part of it for your selves

[big dee]

Plus I read that the bitcoins can drop up to 60% in the first 24 hours after you buy them. I honestly don't see any good from any of this shit lol not for my taste at all. I will use cash or keep trading lol

[Chris Hammer]

What about dedicated bitcoin machines like the 5ghs or whatever they call them up to 500ghs operate at higher efficiency and more calculations a second then GPUs....

at least what some small digging has shown they use much less power, you plug them and goes pretty smoothly once you ahve it connected to PC...

Its not for me and didnt take to long looking into so don't flame if Im off track.

[big dee]

Why not run them off solar power then after the cost if buying it all it would be free

[Guest]

Plus I read that the bitcoins can drop up to 60% in the first 24 hours after you buy them. I honestly don't see any good from any of this shit lol not for my taste at all. I will use cash or keep trading lol

lol look at bitcoinity.com charts. 60 percent drops my ass

[bbeljefe]

Beware the "I read" and "I heard" advisers who don't provide links to their reading or at least, enough information so that you can do your own due diligence....

[big dee]

Yea I doubt half if the stuff I've read was even truth and I have no clue at all when it comes to bitcoins. I'm learning more tho as I read.

[SPLadd1ct]

Jacob Fuller of Sundown mines for bit coins!