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Bitcoin mining dangerous?

S

Samm3

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As the titles says, is bitcoin mining dangerous in any way?
Can it give other people acces to your computer, give you viruses etc?

I just wanna know if there's any risks with it except the electricity bill.
 
Unless you got a super rig, with like 4 ATI card's past the 5xxx's and the money to electricity.


This isn't even worth it.
 
I got 2 AMD Radeon HD 6870 ^^
I just thought I could make some bitcoins to afford to buy Honorbuddy ^^
If I want to buy this bot with bitcoins it would take me approximately 16-17 days to mine.
The downsides is that I have to run it 24/7 and the computer sounds like a freakin' fire truck with this shit on, and I even got an Alienware Aurora R3 computer.
 
You'll spend more on your electricity bill than you would if you just bought HB.
 
No, not really
I calculated how much extra it costed to run it for 16-17 days and it was 2 EUR.
 
Killaaaa said:
Unless you got a super rig, with like 4 ATI card's past the 5xxx's and the money to electricity.


This isn't even worth it.
Click to expand...
dude ur wrong u can buy fpg cards but like 500-600$ and each get 300-400m/hs
 
Samm3 said:
As the titles says, is bitcoin mining dangerous in any way?
Can it give other people acces to your computer, give you viruses etc?

I just wanna know if there's any risks with it except the electricity bill.
Click to expand...

1. bitcoin mining itself is not dangerous.
2. No, bitcoin mining can not give your computer a virus. However since bitcoins have value if people know you have them it makes you a valuable target for more convential attacks such as phishing, key loggers, ect to try and gain access to your machine.
3. Bitcoins are a anonymous method of exchanging value via a peer to peer network. The risks are multiple, but are the same as with any type of currency trading. (I. E. You bought high and sold low, you paid cash for a worthless product, you spent more making the coins than they are worth, ect.)

Having said that, bitcoin mining can be quite profitable if your have done your homework and have proper equipment.

With current market conditions I produce about $667.83 dollars of value in bitcoins per month, which costs me approximately $253.99 in electricity for a profit of $413.84 per month. These figures change based on a number of factors: bitcoin generation difficulty, electrical rates, current bitcoin to dollar exchange rates, ect. There are plenty of ways to fail to handle any of those factors and kill your profit.

Having said that, I have a fairly large mining rig. I am currently hashing at 6.8GH/s. The rig to do this has ten 5870's GPUs, and a handful of other 69xx and 5xxx series cards. This represents a large investment in hardware and time. The hardware has long since paid for itself, and produces a profit for me each month, and I own the hardware which has value and paid for itself.

I go by same nick in the official bitcointalk forums. If you follow the forums you may have read the guide I made on constructing open frame cases for mining rigs.

100_0320.webp

Album: vent
 
Last edited:
Detritus said:
1. bitcoin mining itself is not dangerous.
2. No, bitcoin mining can not give your computer a virus. However since bitcoins have value if people know you have them it makes you a valuable target for more convential attacks such as phishing, key loggers, ect to try and gain access to your machine.
3. Bitcoins are a anonymous method of exchanging value via a peer to peer network. The risks are multiple, but are the same as with any type of currency trading. (I. E. You bought high and sold low, you paid cash for a worthless product, you spent more making the coins than they are worth, ect.)

Having said that, bitcoin mining can be quite profitable if your have done your homework and have proper equipment.

With current market conditions I produce about $667.83 dollars of value in bitcoins per month, which costs me approximately $253.99 in electricity for a profit of $413.84 per month. These figures change based on a number of factors: bitcoin generation difficulty, electrical rates, current bitcoin to dollar exchange rates, ect. There are plenty of ways to fail to handle any of those factors and kill your profit.

Having said that, I have a fairly large mining rig. I am currently hashing at 6.8GH/s. The rig to do this has ten 5870's GPUs, and a handful of other 69xx and 5xxx series cards. This represents a large investment in hardware and time. The hardware has long since paid for itself, and produces a profit for me each month, and I own the hardware which has value and paid for itself.

I go by same nick in the official bitcointalk forums. If you follow the forums you may have read the guide I made on constructing open frame cases for mining rigs.

View attachment 64557

Album: vent
Click to expand...
holy shit, looks like you built a time machine! how much was the rig if you don't mind me asking?
 
Detritus said:
1. bitcoin mining itself is not dangerous.
2. No, bitcoin mining can not give your computer a virus. However since bitcoins have value if people know you have them it makes you a valuable target for more convential attacks such as phishing, key loggers, ect to try and gain access to your machine.
3. Bitcoins are a anonymous method of exchanging value via a peer to peer network. The risks are multiple, but are the same as with any type of currency trading. (I. E. You bought high and sold low, you paid cash for a worthless product, you spent more making the coins than they are worth, ect.)

Having said that, bitcoin mining can be quite profitable if your have done your homework and have proper equipment.

With current market conditions I produce about $667.83 dollars of value in bitcoins per month, which costs me approximately $253.99 in electricity for a profit of $413.84 per month. These figures change based on a number of factors: bitcoin generation difficulty, electrical rates, current bitcoin to dollar exchange rates, ect. There are plenty of ways to fail to handle any of those factors and kill your profit.

Having said that, I have a fairly large mining rig. I am currently hashing at 6.8GH/s. The rig to do this has ten 5870's GPUs, and a handful of other 69xx and 5xxx series cards. This represents a large investment in hardware and time. The hardware has long since paid for itself, and produces a profit for me each month, and I own the hardware which has value and paid for itself.

I go by same nick in the official bitcointalk forums. If you follow the forums you may have read the guide I made on constructing open frame cases for mining rigs.

View attachment 64557

Album: vent
Click to expand...

Where do you usually sell your bitcoins?. Is bit can be considered as payment method when buying game virtual goods?
 
Nice! So after 15 months to break even on buying every graphics sold at.newegg, you make enough monthly to.handle a car payment... I will never understand why ppl don't put their creativity and resources to a better use. Bitcoin sucks so much ass
 
GPU mining isn't worth it anymore. Soon the difficulty raises that high, so only the best ASIC miner will make profit. The only persons getting really rich right now, are the sellers of mining hardware.
 
A1l3n said:
Unless you got a super rig, with like 4 ATI card's past the 5xxx's and the money to electricity.


This isn't even worth it.
Click to expand...

Do it at work :) Let them pay for the power.
 
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