Bitcoin reminds me of Liberty Reserve. (The way currency conversions are done by bidding)
[QUOTE=Van-man;30472271]So one could basically buy a Intel Atom powered mobo&cpu combo board that has a PCI-express slot and cram a Ati Radeon HD 6990 into the PCI-express slot and have a power effective grinder??
(including other necessary parts, such as RAM, PSU and so on)[/QUOTE]
Yeah.
There are people who have built rigs with an Athlon II and 3 6990's for mining.
If there was a facepunch pool I'd join it.
[editline]15th June 2011[/editline]
Is there any miniPCIE slot to PCIE x1 adapters around?
I could use my d510MO and 5750 for a dedicated rig.
Why join a pool? Mine for the BTC yourself
[QUOTE=nikomo;30472902]Yeah.
There are people who have built rigs with an Athlon II and 3 6990's for mining.[/QUOTE]
How do 3 6990's work?
I thought 4 GPU's was the max
What's best? solo or a pool on about 180 MHash/s
[QUOTE=Doritos_Man;30473106]How do 3 6990's work?
I thought 4 GPU's was the max[/QUOTE]
In CrossFire, yes, but you can run them independently.
[editline]15th June 2011[/editline]
[QUOTE=Maximum Mod;30473220]What's best? solo or a pool on about 180 MHash/s[/QUOTE]
Pool.
Is there an explanation of what exactly a 'block' is, and why it's 'minable'?
[QUOTE='[EG] Pepper;30472920']If there was a facepunch pool I'd join it.
[editline]15th June 2011[/editline]
Is there any miniPCIE slot to PCIE x1 adapters around?
I could use my d510MO and 5750 for a dedicated rig.[/QUOTE]
[url]http://www.aeneas.com.cn/english/product/RICOH/PM2C.htm[/url]
Though the dealers I've found that sells it charge a fairly high sum of dosh for it, besides the way the PCI-express slot adapter only fits in the mini-pciE socket of a d510mo would probably make the rear end of the card stick out of the back of any case.
So you'd also need a pci express x1 extender cable.
Been on the lookout for such adapter myself for a unrelated project.
[QUOTE=bobthe2lol;30473972]Is there an explanation of what exactly a 'block' is, and why it's 'minable'?[/QUOTE]
A block is a collection of info about transactions, and I might be wrong, but I think a block consists of multiple shares, and due to the encryption you need to do all the shares before you can read the block at all, and when you've done that you've mined it. I think it works like that.
[QUOTE=bobthe2lol;30473972]Is there an explanation of what exactly a 'block' is, and why it's 'minable'?[/QUOTE]
[url]https://en.bitcoin.it/wiki/How_bitcoin_works#Bitcoin_mining[/url]
Thanks
I'm wondering why does a bitcoin even have any value? It would only have value if people gave it value so why did people original do it?
[QUOTE=AzzyMaster;30474494]I'm wondering why does a bitcoin even have any value? It would only have value if people gave it value so why did people original do it?[/QUOTE]
The same reason that gold has value.
[QUOTE=AzzyMaster;30474494]I'm wondering why does a bitcoin even have any value? It would only have value if people gave it value so why did people original do it?[/QUOTE]
Perhaps the attraction of a currency that does not suffer from inflation?
It's the same with gold, surely? It's not useful, why would anyone want gold in the first place? It's rare, sure, but so are blocks. Blocks don't do anything (well they do I suppose, secure transactions) but neither does gold
BTC has been surprisingly stable on Mt Gox
stable would mean it has its healthy share of rallies and falls, but the change in price has flatlined for almost a full day
not good if you're trading
[QUOTE=Trumple;30474614]Perhaps the attraction of a currency that does not suffer from inflation?
It's the same with gold, surely? It's not useful, why would anyone want gold in the first place? It's rare, sure, but so are blocks. Blocks don't do anything (well they do I suppose, secure transactions) but neither does gold[/QUOTE]
Gold has a value of that it looks nice, while bitcoins are just nothing.
[QUOTE=AzzyMaster;30475659]Gold has a value of that it looks nice, while bitcoins are just nothing.[/QUOTE]
So banks store it in vaults because it looks pretty?
You make me laugh :v:
Bitcoins are the currency that represent what is backing them, in the same way normal coins represent the gold that is backing them. So yes, Bitcoins are nothing but so are actual coins, how much is the raw value of that pound in your pocket? Pretty much nothing, same with Bitcoins.
[QUOTE=AzzyMaster;30475659]Gold has a value of that it looks nice, while bitcoins are just nothing.[/QUOTE]
More like the combination of the nice look and the fact that it's rare.
my Mafia 2 already shipped
oh god oh man i'm gonna have loadsagaems
[QUOTE=FFStudios;30476354]oh god oh man i'm gonna have loadsagaems[/QUOTE]
but then you wont have loadsamunnay
BitClockers is really making my dick hurt with this current block. Over 1550 shares so far and still no payout, and the estimated earnings is only .08!
is all you do is stare at you bitlockers earnings?
[QUOTE=Squarebob;30477192]BitClockers is really making my dick hurt with this current block. Over 1550 shares so far and still no payout, and the estimated earnings is only .08![/QUOTE]
Why not use DeepBit or another one?
[QUOTE=Shadaez;30477228]is all you do is stare at you bitlockers earnings?[/QUOTE]
Yes because I want to work all the way through this current workload and then play games.
[quote]Unfair initial distribution
A much heard criticism is that the initial bitcoin distribution is heavily advantageous towards early-adopters. As stated, bitcoins are distributed ('generated') as reward for the solution to a difficult proof-of-work problem. Drawback is, that the amount of work that has to be done for one bitcoin is currently over 500,000 times more than the amount of work at which the first bitcoins were going. As more people join, and also because of a reward function that halves the number of rewarded bitcoins every so many blocks, it becomes harder to "generate" bitcoins over time, using the same CPU/GPU power.[36][37]
It is questionable if such a scheme will ever be widely accepted by latecomers. Alternative distribution proposals have been made.[/quote]
You're too late, this party's over!
[QUOTE=Ploo;30477437]You're too late, this party's over![/QUOTE]
This is what I feared, but at the moment it seems okay. How much longer will it last at this current difficulty though? And what are the other proposals?
[QUOTE=Trumple;30477242]Why not use DeepBit or another one?[/QUOTE]
[editline]15th June 2011[/editline]
is deepbit better
[QUOTE=Trumple;30477498]This is what I feared, but at the moment it seems okay. How much longer will it last at this current difficulty though? And what are the other proposals?[/QUOTE]
No idea but you'll have to be incredibly competitive if you wish to make a return on mining and keep expenses to an absolute minimum.
For anyone that did their fair share of mining back when this was brand new and held off selling their shiny bitcoins until now, well they're probably a millionaire.
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