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[How To] Bitcoin Mining

eiii said:
Basically, what you guys do is becoming Bosslands Bitcoin-farming Botnet Zombies. True words.
Click to expand...

Except you're putting your bitcoins into your own wallet. Not to mention if you wanted too you could download the actual bitminter client on the bitminter site. All this is, is a rebranded bitminter client, that's it.

Why do you say we become Bossland zombies?
 
look like a kind of gomezpeer. pay us for running the software on an online PC
 
Phones said:
From what I've seen, I would loose more in electricity Bill than I would win in bitcoins LOL only profitable on countries where electricity is cheap, and the profit isn't even considerable if you only have one machine
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I have computer on almost 24/7 anyway and electricity is included in rent.. I could try.

I tried CPU. It's totally shit an not worth it.
 
Will it work on the cloud.

Ok, i am a Noob, i know. But can you not run this via cloud computing, thus not over loading PC or running up Electric bill?
 
Cloud computers have no GPU, so no , you will lose money on CPU mining.
 
For those wondering what gives BitCoins their value is YOU!
Think of it like this...

If we as a group decided that tooth picks were worth $6 each and we all agreed to use them for currency (tooth picks) and we all accepted their value at $6 each, they would be a new currency (tooth picks) we could use. The problem with this new currency (tooth picks), is someone could go to a store and get 100 for $1 or whatever. That would drastically impact the value of our currency (tooth picks).

Bitcoins wuould have this problem, But the algorithm prevents this devaluing of the currency (bitcoins), so the currency (bitcoins) stay somewhat stable.

Does this clear anything up?
 
I'm getting around 160 mhps, is that good? Oo

Tad.png
 
how do you join the bossland pool? i downloaded the client, made an account but how do i join the bossland pool?
getting around 0.19 coins a day :)
 
It is profitable but you need a bitcoin setup which will cost $$$... I know people who have 10 pure graphics cards and mine on a Linux OS going straight to their computer..

ALSO stealing your neighbours electricity makes it profitable :)
 
Hi,
hab mal ne Frage.
Habe nun viel gelesen und das Grundprinzip etc verstanden doch 5 Fragen bleiben noch offen

1.
Ist der Originale Bitminter Client der selbe wie von Bossland?

2.
Was genau sind pools bzw ist Bitminter ein Pool wo Bossland mit drin ist oder ist Bossland nen eigener Pool?

3.
Wie komme ich in die Pools?

4.
wo finde ich das "Standart Mining" Programm da ja das von der "Hersteller" Seite ja nur ne "Brieftasche" ist.

5. und letzte :P
Kann man mit der Brieftasche Minen und wird diese Ben?tigt f?r BitMinter, fals ja wof?r?


Danke f?r die Hilfe schonmal :)
 
Ok, glaube habe das mit BitMinter ein wenig mehr verstanden.
Bitte um best?tigung.

Bitminter ist nen Pool wo insgesammt 500Miner "arbeiten" d?rfen?
Und die Coins werden nur ausgezahlt bei erfolgreichen l?sen eines Blockes richtig? Also ist das system nicht gehandhabt wie eine "Surfbar" sondern es gibt nur Coins gegen ERFOLGREICHEN l?sen eines Blocks was das Solomining ja quasy ausschlie?t dann.

jedoch bleiben da ja die Fragen aus dem vorherigen Post von mir und noch eine weitere :P

Wie wird es gehandhabt bei erfolgreichen l?sen eines Blocks? werden die Coins auf die bisherigen knapp 440 Minder verteilt oder ist das Auszahlungsprinzip der Coins von gel?sten Blocks bei BITMINTER doch wie der einer Surfbar?
D.h. je l?nger ich Surfe desto mehr Points erhalte ich bzw Surfe ich (in meinem Fall) 24 std erhalte ich 0.13 Coins gutgeschrieben egal wieviele Blocks gel?st werden?
 
At about 183.1 Mhps how long will it take for me to be able to buy honorbuddy? :P And thanks for the tutorial Bossland. I am using a XFS Radeon 7770 and albeit I heard of these I was unaware I could just generate them.
 
You guys know a 600w PC running 24/7 only cost like 15$ a month in the US right ?
 
I am interested in this.

Anyone that could tell me what the electricity cost and the value of mined bitcoins would be worth using these things:
X6500 FPGA Miner
400 Mhash/s
It says it runs at ~20W
Swedish electricity at ~0.209 / kWh

What would the cost / value of mined bitcoins be for 1 day?

Sorry for asking you to calculate for me, but I am really not any good at this.

Electricity cost, would it be like this?
20 * 24 = 480 W / day.
0.48 * 0.209 = $0,10032 / day in electricity cost (not including the computer that needs to run at the same time)

Comparing the bitcoins the last poster got it was 0.1 btc / day for 160 Mhash/s.
So 0.25 btc per day at 400 Mhash/s.
Think 1 btc is worth $7.1 right now.

So that would be $1,775 / day.

So if I calculate correct it is:
Earned per day: $1.775
Cost of electricity: $0.1
Profit after electricity: $1.675

Am I wrong?

Would cost a lot to invest in those cards also, $580 / card. Would take a year to earn it back.
 
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I hope you will make demonbuddy able to be bought with bitmint aswell after the lawsuit. :) Hope you win btw! Waiting for the answer
 
dhselleruk said:
It is profitable but you need a bitcoin setup which will cost $$$... I know people who have 10 pure graphics cards and mine on a Linux OS going straight to their computer..

ALSO stealing your neighbours electricity makes it profitable :)
Click to expand...

Not in 1 computer :-)
ATI cards were the most profitable. But not anymore.

GPU rigs are useless.
You need FPGA or custom ASICs. Bitcoin price is down and difficulty is way up, so electric bill is higher then the bitcoin production on a highly efficent GPU miner.
With a FPGA miner you need with the same difficulty (not realistic, because it will increase), you need more then 1 year to earn back your investment.

Don't waste money on rigs as newcomer. 2 years ago, joining with big rigs would still result in a big profit. Not today.

Just buy the bots with cash!


@ xandor: Your calculations seem legit.
But you're approx with bitcoin generation is probably wrong. In 6 months and increased difficulty, you'll earn less bitcoins/day.

It will take more than 1 year till you break even.
 
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