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[How To] Bitcoin Mining

For me it is 0.033 Coins/day on a Sapphire ATI HD 4890 with 1 wow running...makes 1 coin/month wich is worth ~5,6?. (67?/year)
In Idle the card takes 75,1 watt and if used it takes 180 watt.(May even go up to 270 but i dont think the bitcoin client can do that) (1) So Mining will take about 100 watt extra.
This makes (24/7/365) a total of 876 Kwh per year. (2)
I pay 0.237 ? per KwH which means I will have to pay 207,6?/year to generate 67?/year. Means in a country were power is lower than 7 eurocents per KwH this is worth it.

In addition. Lets say 10 millions of people like me start using Bitcoins 24/7/365 we would use 8.750.000.000 KwH per year just for the graphics card (rest of system not included)
Germanys best Nuclear Plant generates aprox. 11,090909... Twh per year (3). 1 Twh is 1 billion KwH which means that the nuclear plant generates 11.090.909.090 kwH/year. Considering that we wouldnt just have to run the graphics card 10 million 24/7 Bitcoin users would alone require germanys most powerfull nuclear plant just for generating bitcoins. Surely almost noone using this will have it running 24/7 but if this becomes widespread more than 10 million users will be there fast (dunno how much it is today). Now imagine this to become really great and let 1 billion people run it...do the maths.

Imo this project is a really bad idea with only one purpose...earn electricity enterprises billions of dollars and euros. I dont really see the use that comes from the project.


(Sorry if my maths is worng...im not really good at it)
(1)Test der Grafikkarte Radeon HD 4890 Vapor-X von Sapphire - grafikkarte
(2)Energieverbraucherportal: Tipp-Artikeldetail[backPid]=247&tx_ttnews[tt_news]=468
(3)Liste der Kernreaktoren in Deutschland (youd have to calculate yourself by dividing total Twh till 2010 thruog 22 years of use)
 
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Using this BitMinter Client will give me what advantage?
I see in the file, ill be part of Bossland, what does that mean exactly ?

<property name="com.bitminter.client.team" value="Bossland" />
 
so my question is if we partake in Bossland team - we will all split what is mined ... but is there a limit to how big the team is and im guessin the bigger the team the faster you mine bitcoins.
 
I guess Bossland will be rewarded for what we mine and thats why he is promoting it here
 
Bioern said:
I guess Bossland will be rewarded for what we mine and thats why he is promoting it here
Click to expand...

No, zero. Its just the first user friendly client. And there are Team features planned from the developer himself.
 
Bossland said:
Not really, but the pool generates blocks faster, so you do not have to wait 2 years till you alone generate 1 block
Click to expand...
It's the same sort of setup though.
It uses mass numbers to get results "faster".
In the end you'll get as much as you "should have" from mining alone, but it will just show up in partial coins.
It does this through a comparison of how much total work from the pool was done in a set amount of time, and how much of that work you did.
Thus, you get your share.

At least within my understanding :)

I would do some mining, but somehow I can't update my laptops GPU driver since it has switchable graphics with a discrete Radeon 6770M HD 2G and and on-board intel pos.
If anyone would have any insight into these annoying setups on say any HP Pavilion dv7 series laptops that'd help immensely. (If you want to help me, please do it in a PM. This is not my thread :p)
 
zameek said:
no need to be dick did read im asking wat cards does he use
Click to expand...

so wats best gpu to use​
Click to expand...
​
No you didn't.
No need to call other people names. You weren't precise in your question and it could easily be interpreted as you asking "What is the best card to use" and not "What card do YOU use"
 
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Okay, so running Bitminter on GPU, will it bog down your machine?
 
Depends on the priority you assign to the process. Usually there's some internal setting like "aggressiveness" or something. Been a while. A good friend of mine made 40k with this and some folks who were on it earlier have earned tens of millions. Client bugged for me, when my friend told me about it so I left it untouched for months until I realized I had missed my chance to make some proper cash with this. :/
 
What I'm missing is what we are calculating FOR.
 
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