Deep Web/Bitcoin Mining

[tjts1]

Shit is happening fast in the BTC world- an acquaintance of mine started this:

https://www.bitcoinrunner.com/

As far as the "but people are doing illegal stuff with it!" argument-

You can still buy a gun, download a torrent client, etc etc

Thats a great idea. Bookmarked it, thanks.

[jclar]

Trading for $75/ea on Mt. Gox right now...

[InuFaye]

95 on mt.gox now.

[Rsully70sev]

I was just going to post. I nearly pissed myself this morning. Glad I kept my PC running, I'm sitting close to 53btc's. On Mtgox that's around $5k, on eBay they're selling for $130+ making it $6500. Not a bad ROI from a $350 investment.

Yayaya, "if I can't see it, touch it, etc" it's not a smart investment. This is technology meeting economics at it's finest. Believe me, I have plenty of money invested in gold, but it hasn't brought me a 1,700% return.

[GaryE30]

Damn WTF is up with this crazy jump?

I need to get in on this :)

[herbivor]

Many years ago, pre-internet, I used to be into this customizable card game, similar to "Magic", if anyone is familiar with that. Even though a pack of 30 cards cost $5, if you got a rare card, it could be worth upwards of $100 for one card as that was the going rate for the geeks like me that were playing the game. Well, the fad died along with the game and now the cards are worth virtually nothing. This bitcoin thing seems like the same thing to me. It has value amongst the circle of geeks that give it value, but in reality it is nothing. It doesn't seem useful beyond the criminal world, so unless you're a criminal, why mess with it?

[Rsully70sev]

That's like trying to relate them to Pokemon cards or Beanie Babies. It's not the same whatsoever, don't believe me?
Just watch...



Sold one last night to test the waters...for $130.00 in 26 minutes

[InuFaye]

Just hit 103 on mt.gox

[Rsully70sev]

$108 on mtgox.
Just sold another on eBay for $160, took about an hour.

Now building two rigs using 3x XFX ATI Radeon 7970's in each which should be good for 3.6g/hash; I'm expecting an ROI of $75/day. If all goes well, I'm building 10 more.

[GaryE30]

$108 on mtgox.
Just sold another on eBay for $160, took about an hour.

Now building two rigs using 3x XFX ATI Radeon 7970's in each which should be good for 3.6g/hash; I'm expecting an ROI of $75/day. If all goes well, I'm building 10 more.

How long before you get that ROI? Surely those 7970s put you back a bit. Also what does a rig consist of? How are you powering these GCs? Are they run via usb?

[cale]

I've got an OC'd 3570k and OC'd 660ti's in sli hinernating all night, maybe they should be earning me some cash. Electricity is covered in my rent so nothing out of pocket for me!

[pandaboo911]

$108 on mtgox.
Just sold another on eBay for $160, took about an hour.

Now building two rigs using 3x XFX ATI Radeon 7970's in each which should be good for 3.6g/hash; I'm expecting an ROI of $75/day. If all goes well, I'm building 10 more.

Why don't you go with FPGA? I herd those r the way to go now

[Rsully70sev]

It would take about a month (or two to be safe) to be in the green and clear those GC's. I'd be seeing a return the minute I turn the pc on. They're expensive but they do work.

Idk what an fpga is and how it relates to mining. (I'm not a computer nerd as much as I'd like to be, but I figured out bitcoining lol) We researched and blueprinted what everyone else is using to mine and what would be most efficient.

[pandaboo911]

It would take about a month (or two to be safe) to be in the green and clear those GC's. I'd be seeing a return the minute I turn the pc on. They're expensive but they do work.

Idk what an fpga is and how it relates to mining. (I'm not a computer nerd as much as I'd like to be, but I figured out bitcoining lol) We researched and blueprinted what everyone else is using to mine and what would be most efficient.

FPGA is basically a GPU core that doesn't require a PC to run it, it's standalone-ish. Biggest advantage is the power savings, its powered by USB so it will only draw like 10 watts, per 200mh/s.

[Rsully70sev]

I'll definitely have to look into that, thank you for the advice man.