Deep Web/Bitcoin Mining

[m73m95]

OK, so I've been reading up...

Can I try this off of my everyday computer? I would like to try it, before I invest any money on a 1off machine....but I don't want to lose all the information I have on this computer..either to hackers, or because I need to set it on fire.

Can the TOR browser be used every day? Like, in place of my normal FF browser? Does it recognize .com addresses?

[Rsully70sev]

Does that 40Ghz box need some minimum requirements on the PC it's plugged into?
Is a fast internet connection required or is the data small, just tought to process, and the answer sent also small?

Could this be a "problem"?

This is what I'm very interested in. The single unit makes it seem "plug & play" with just a USB. Since mining doesn't take anything else into account but GPU processing, I guess that's all you'd need. I'm thinking it's basically a big ass video/graphics card lol.

I'm sure there would be some sort of minimum requirements, but I really can't say. One would simply be power supply for your computer. That guy running 8 single units is running a 1200w PS. The maximum power usage under full load from those 8 boxes would be 640w.

Also yea it looks like the amount of BTC's rewarded is going to be cut in half supposedly at the end of the year.

[m73m95]

Can someone dumb all of this down for me.......way down?

How does it get from downloading a few programs with firefox, to coked out assassins for hire, to needing your garage filled with computers, and to making real money with fake money?

I'm so confused, I can't even figure out where to start reading

[Fusion]

Does that 40Ghz box need some minimum requirements on the PC it's plugged into?
Is a fast internet connection required or is the data small, just tought to process, and the answer sent also small?

Could this be a "problem"?

In less than six months (written in June), block 210,000 will be reached and with that event the block reward will drop by half, to the level of just 25 BTC. Thus instead of 7,200 BTC targeted for issuance per-day, only 3,600 BTC per-day will go to those mining.

[Texas Toast]

I explained earlier Mt Gox handles 80% of bitcoin trading. Consider it the ETrade of bitcoins. eBay is just for convenience so people pay a higher price ($25 compared to $12 on Mt Gox) simply because they don't want to go through the motions of bank transfers. They'd rather pay extra for the convenience of using PayPal. You'd simply sell your coins on Mt Gox at the end of the year.

Durp, totally forgot about MtGox.

This all really interesting, wishing I had a bit of disposable income!

[Rsully70sev]

Alright so let's say somebody sets up a year long system

One Year
BTC earned: 6,466.322
Revenue: $77,595.86
Power cost:$3,942.00
Net Revenue: $73,653.86

What the hell do you do with that money? Sure you can buy some cheap T.V.s and a gaming system or two, maybe even a couple party favors from Silk Road but even after all that you'll still have a good chunk of coins sitting around. I know you said ebay but it would take some time to move that much BCs, especially if everybody wants large batches untraceable back to them.

I've only looked into this a tiny tiny bit, mind explaining?

I explained earlier Mt Gox handles 80% of bitcoin trading. Consider it the ETrade of bitcoins. eBay is just for convenience so people pay a higher price ($25 compared to $12 on Mt Gox) simply because they don't want to go through the motions of bank transfers. They'd rather pay extra for the convenience of using PayPal. You'd simply sell your coins on Mt Gox at the end of the year.

[GaryE30]

Hmm, I've got a 600 sq ft basement that is unfinished and has A/C. Any contributors? You contribute to the stack and I'll split the earnings :)

[ninjaotter]

I'm happy to buy any BTC that people mine. PM me.

[Texas Toast]

Alright so let's say somebody sets up a year long system

One Year
BTC earned: 6,466.322
Revenue: $77,595.86
Power cost:$3,942.00
Net Revenue: $73,653.86

What the hell do you do with that money? Sure you can buy some cheap T.V.s and a gaming system or two, maybe even a couple party favors from Silk Road but even after all that you'll still have a good chunk of coins sitting around. I know you said ebay but it would take some time to move that much BCs, especially if everybody wants large batches untraceable back to them.

I've only looked into this a tiny tiny bit, mind explaining?

[Rsully70sev]

I'd like to see this project come out well.

They have single units available now for $600.
832 Mhash/s
80w under full load
Fan cooled
Simply connects with a USB cord, and you can get a hub for multiple.
It's literally like a turbo for your computer.



Considering my GPU averages 240 Mhash/s and I'm getting decent results, one or two of these would be insane.

[M42Technik]

You're convincing me more and more to do this...

[Rsully70sev]

Update:

Found these little gems this morning browsing. If their new devlopment is successful, this could be very profitable.

The new one they're working on is recording these specs:

40g Gh/s (40,000 Mhash/s)
Approximately 3000W used
Cost per kWh: ($0.15+/-)
Cost of hardware: $1,300
Value per BTC: $12 (Their value has gone from $7.60 when we first began this, it's high yesterday was $11.29. Increasing in value as I expected.)

24 hours
BTC earned: 19.754
Revenue: $237.05
Power cost: $10.80
Net Revenue: $226.25

One Month
BTC earned: 592.63
Revenue: $7,111.57
Power cost: $324.00
Net Revenue: $6,787.57

One Year
BTC earned: 6,466.322
Revenue: $77,595.86
Power cost: $3,942.00
Net Revenue: $73,653.86

[Rsully70sev]

Like what? What horrible and nightmarish things have you found while "digging" on the deep web that I can't fathom? The gross CP? The brutal load times? You're not the only person to have ever played around with Tor, it's been around a while now.



I'll spoil the surprise and tell you exactly what you'll get: nothing. You'd be sending completely anonymous currency to a completely anonymous stranger in return for something discussed over completely anonymous messaging. Sounds like a good investment to me.



Yes, you're right, there are people making many large cash transfers, some of which are in fact criminal in nature, but you're not going to just find some site where legitimate financial crimes are taking place. The whole reason the deep web is "deep" is because it's not indexed and cannot be reasonably searched. I assure you whatever you've found in the couple months you've been casually playing around with onions is not some high level mafia shit.

Take it or leave it bro. Do I personally know that these websites are legit, no, (not that I even care) but I'm sure many of them are to a certain extent. For example the Silk Road is more than real, and confirmed. As to laundering and the more high tech/high risk websites who knows. I'm sure this is all being done out of country, so high risk, high reward.

I know I'm not the first to experiment and indulge in tor bullshit, but I find it interesting to say the least. Btw, it's been like a week or two, not a couple months. Brutal load times? Step your PC game up bro, sure it takes longer than your normal browser- because it needs to bounce around your identity and everything processed is encrypted.

As for this...

"I'll spoil the surprise and tell you exactly what you'll get: nothing. You'd be sending completely anonymous currency to a completely anonymous stranger in return for something discussed over completely anonymous messaging. Sounds like a good investment to me. "

All I can say is "we'll see".

If I can get a 46" 1080p 120hz Samsung LCD TV for like $200, I might just take a shot.

I'm more interested in the bitcoining aspect than the deep web. I just wanted to present it as requested by Cale.

[MonkeyMadness]

Soo Lost.. O_o

[Raxe]

Hahahaha oooooookkkkkkkkkaaaaaaaayyyy buddy. You gotta dig deeper, the hidden wiki was just to blow some minds. I've dug way deeper and found shit that would make you not wanna click on this thread again.

Like what? What horrible and nightmarish things have you found while "digging" on the deep web that I can't fathom? The gross CP? The brutal load times? You're not the only person to have ever played around with Tor, it's been around a while now.

Yea the Silk Road is known for its drugs. But there are plenty of tech related onion sites. We'll see the validity of your statement when I get my MacBook Pro and new TV for practically nothing.

I'll spoil the surprise and tell you exactly what you'll get: nothing. You'd be sending completely anonymous currency to a completely anonymous stranger in return for something discussed over completely anonymous messaging. Sounds like a good investment to me.

There's many different fields in the deep web, one being money laundering. Despite what you think, there are people out there making millions and millions of unclean, undeclared cash that they can't bring to banks, or let alone use. You can't just walk up to the friendly Italian guy flipping a nickle anymore and get your money cleaned, it's all encrypted Internet based now.

Yes, you're right, there are people making many large cash transfers, some of which are in fact criminal in nature, but you're not going to just find some site where legitimate financial crimes are taking place. The whole reason the deep web is "deep" is because it's not indexed and cannot be reasonably searched. I assure you whatever you've found in the couple months you've been casually playing around with onions is not some high level mafia shit.