Anyone still mining Bitcoins?

[EmileS]

Hey guys,

Is there anyone still mining Bitcoins? I see the price of a bitcoin is very high at the moment. I don't think it is even lucrative anymore with the current difficulty level? Running your GPU at full load for a month 24/7 can't be good.

Saw the price, and thought of trying again. Opinions?

 

[agentrfr]

I'm currently making 0.04 coins a day (500Mhash/s) at about 80W of power. My PC is on anyway, so its quite nice now with it being 180USD/coin. (~= R1 900 pm)

 

[Pooky]

I'm currently making 0.04 coins a day (500Mhash/s) at about 80W of power. My PC is on anyway, so its quite nice now with it being 180USD/coin. (~= R1 900 pm)

Is there an easy way to get setup doing this? I would love to make 1900 a month!

 

[EmileS]

I'm currently making 0.04 coins a day (500Mhash/s) at about 80W of power. My PC is on anyway, so its quite nice now with it being 180USD/coin. (~= R1 900 pm)

At what temps are your GPU/s running? And is it at 100%? I don't want to nuke my new GPU.

 

[killadoob]

At what temps are your GPU/s running? And is it at 100%? I don't want to nuke my new GPU.

It would be 100% and you will nuke your gpu. It isn't really worth using gpu's to mine anymore. You will need to buy a new gpu within 2 years.

If you really want to make money on bitcoins you need to import the latest bitcoin miners, ghash not mhash we talking about.

 

[agentrfr]

At what temps are your GPU/s running? And is it at 100%? I don't want to nuke my new GPU.

Running at 72 *C, and have manually set fans to 100% (OC'ed the cores by about 10%, underclocked memory to about 25% stock). I'm not "nuking" my cards, but I will say that they are being well used.

 

[SomeoneEls]

I'm currently making 0.04 coins a day (500Mhash/s) at about 80W of power. My PC is on anyway, so its quite nice now with it being 180USD/coin. (~= R1 900 pm)

What card do you have out of interest?

 

[Jimmy-Z]

I'm also mining. Started (on & off) about 2 months ago 2.5 coins so far. I might cash out when I can afford another 7970

 

[Gtx Gaming]

There is guy making 6-7k a month on carbonite , but his got quite a farm running , he keeps on buying even more gpu's.

Though the place he rents he does not pay the power usage , so his profiting big time.

 

[Pada]

My question is: who would want to buy coins!?

agentrfr: what CPU do you have, because 80W is quite low, even if it is 80W just for the CPU alone!

 

[Jimmy-Z]

Pada: The obvious place to sell would be the online exchanges. MtGox & BTC-e seem to be the most popular. You can also make online purchases with your coins.

The CPU is actually pretty much unimportant as mining is done solely by the GPU. CPU mining is extremely inefficient. My 3960x only mines at 20/30 Mh/s. Also you can run several GPU's in a single rig using the extra pcie 1x slots which some of the older mobos had.

 

[killadoob]

My question is: who would want to buy coins!?

agentrfr: what CPU do you have, because 80W is quite low, even if it is 80W just for the CPU alone!

Everyone, the banking crisis is making people scared to keep their money in banks. Look at some countries in europe, they have daily limits, some of the rich might not get their money back.

That is why bitcoin is exploding. No trust in the banking system anymore. Bitcoin could become a major currency at this rate.

pada people are not mining bitcoins using their cpu's, gpu's have all the power along with the asic miners that are going to bring an end to gpu mining due to the difficulty level. The new bitcoin miners do ghashes not mhashes. They are hitting the market this month.

The days of gpu mining for bitcoins are coming to an end shortly. if you buy the best bitcoin miner on the market for around 200k, you can make roughly 200k dollars a month depending on the price of the bitcoins.

 

[Jimmy-Z]

Is there an easy way to get setup doing this? I would love to make 1900 a month!

Check out bitminter. It's the easiest to use & to set up. Also if you can, then get some 2nd hand AMD GPU's. Nvidia isn't as good for mining.

 

[killadoob]

Check out bitminter. It's the easiest to use & to set up. Also if you can, then get some 2nd hand AMD GPU's. Nvidia isn't as good for mining.

I would suggest people import these and ignore gpu mining, the difficulty levels is going rise so high when these butterfly gadgets hit the market.

http://www.butterflylabs.com/landing/landing-aw.php

 

[Hemps]

How much bandwidth does this use?

 

[killadoob]

How much bandwidth does this use?

Pretty much nothing.

 

[Hemps]

So you just register and install the client and sit back and relax?

 

[JIMMYtheSKULL]

I wonder if anyone has set up a clients site and run this as a service. Not sure if that's possible, but I'm sure some one out there would abuse this.

 

[Gtx Gaming]

My question is: who would want to buy coins!?

agentrfr: what CPU do you have, because 80W is quite low, even if it is 80W just for the CPU alone!

You can also use to buy stuff at landmark pc

 

[Kayoss]

I'm currently making 0.04 coins a day (500Mhash/s) at about 80W of power. My PC is on anyway, so its quite nice now with it being 180USD/coin. (~= R1 900 pm)

Sorry, but this concept is completely new to me. But what if one were to buy something like this?

https://products.butterflylabs.com/homepage/50-gh-s-bitcoin-miner.html

That does 50GH/s as opposed to your 0.5GH/s.. That's 100x more. Surely that's a worthwhile investment?.. Again, i'm completely new to this whole concept of Bitcoins and it seems like it's a nice thing to get into.. Or am i missing something here?