Anyone mining bitcoin?

[Providence]

Wow... You all want to be millionaires so desperately?

 

[origamii]

Ok got a rig to test.

what kind of rig u use for testing?

 

[jeffrey159]

currently mining on vps using their cpu. mining YAC

 

[procmail]

currently mining on vps using their cpu. mining YAC

What's YAC?

And what's your hash rate pls?

 

[voiceoflove]

Use GPU to mine scrypt coin, use ASIC to mine bitcoin.

Unless new cgminer software can optimise 290x to raise speed to 1000 kh/s, get 7970 or 7950. They are the best p/p currently.


it is like how ppl use Firepro or Quadro card instead of CPU
for more info
whitepaper
http://bitcoin.org/bitcoin.pdf

Abstract. A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.

bro this is not layman term la

where the bitcoin come from ?
can the bitcoin become sgd?

 

[FinalTidus]

Who here mining bitcoin using Nvidia cards???

 

[procmail]

Who here mining bitcoin using Nvidia cards???

You should use something like cudaminer.

 

[curse154]

bro this is not layman term la

where the bitcoin come from ?
can the bitcoin become sgd?

How about you go do your own research?

 

[manshen]

OK guys I have tested mining using 290x oc to 1.1GHz....I have to say its totally not worth the time and effort. OK I use slush pool and cgminer. But I realise its way too slow to produce any meaningful income.

The reason is that pooled mining is divided into blocks, so those are mine faster will get a larger share. In the end, you will end up with a miserable small amount of share because of your speed.

290x can at most get me $1 a day.......I was like WTF........

GPU cannot make it these days. Need to go ASIC.

https://hashfast.com/products/shop/

I recokon we really need something like 400-800GH/s to get good profits....

Contemplating on this though....

 

[voiceoflove]

How about you go do your own research?

lol i did, but i still don get it,
some site say wad solve some math problem
if solve liao wif correct answer u get +1 point
if u solve liao wrong answer u get -1

i don get the point is why need to solve those problem?
who is the one giving those problem to solve?
what is bitcoin?
where the bitcoins appear from?
when this start to become a trend?
why are people mining bitcoins?
how bitcoin can become a currency?

 

[tarui04]

expected a dbl top to form some days ago. now that it happened, prepare for possible drops in bitcoin prices.

i've already sold all my bitcoins

 

[procmail]

lol i did, but i still don get it,
some site say wad solve some math problem
if solve liao wif correct answer u get +1 point
if u solve liao wrong answer u get -1

i don get the point is why need to solve those problem?
who is the one giving those problem to solve?
what is bitcoin?
where the bitcoins appear from?
when this start to become a trend?
why are people mining bitcoins?
how bitcoin can become a currency?

wrong questions to ask.

while you're asking these sort of questions, know that those people are making money (not me yet).

 

[procmail]

expected a dbl top to form some days ago. now that it happened, prepare for possible drops in bitcoin prices.

i've already sold all my bitcoins

Due to China's restrictions on financial institutions?

Litecoin seems to be holding.

 

[tarui04]

Due to China's restrictions on financial institutions?

Litecoin seems to be holding.

havent had the time to take a good look at that article. having exams now.

after exam then take a good look. anyway good timing too. offloaded, closed all my btc positions before exams start.

i had expected a dbl top before china announced the news. my guess is, either people expected china to do so and they "paint" the chart to form a dbl top

OR the news is just a convenient trigger for an already forming dbl top.

this is a question of fundamental analysis vs technical analysis.



exams end liao then i do a proper reply

 

[manshen]

Btw, one thing I have great skeptical about it is that the currency has no backing. China has banned bitcoins......sucks.

 

[aptget]

What yoou are not being told

Bitcoin: What You're Not Being Told | StormCloudsGathering

 

[jgyy1990]

OK guys I have tested mining using 290x oc to 1.1GHz....I have to say its totally not worth the time and effort. OK I use slush pool and cgminer. But I realise its way too slow to produce any meaningful income.

The reason is that pooled mining is divided into blocks, so those are mine faster will get a larger share. In the end, you will end up with a miserable small amount of share because of your speed.

290x can at most get me $1 a day.......I was like WTF........

GPU cannot make it these days. Need to go ASIC.

https://hashfast.com/products/shop/

I recokon we really need something like 400-800GH/s to get good profits....

Contemplating on this though....

Use it on ltc simple. Than change it to btc.

 

[jeffrey159]

What's YAC?

And what's your hash rate pls?

YAC - Yacoin another digital currency

1 thread/cpu on each vps , currently only got 10 vps.
still exploiting free vps to expand
i using bter.com to exchange from yac - btc
around $5 a day for me

0.03-0.05 khash/s.
I'm not using my host to mine

 

[procmail]

anyone knows where i can get PCE riser in SLS?

 

[tarui04]

expected a dbl top to form some days ago. now that it happened, prepare for possible drops in bitcoin prices.

i've already sold all my bitcoins

ta-daa.....i was right