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Bitcoin/Bit mining questions

Discussion in 'Windows OS and Software' started by GamingACU, Aug 21, 2011.

  1. GamingACU

    GamingACU Notebook Deity

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    I'm not sure if this is the correct sub-forum for this, but I figured that since it's software it might be applicable to ask here.

    Anyways, I've got a friend that's been doing this for awhile now and has been making a decent amount of money. I was wondering if a stable internet connection is required to do this.

    I'm currently deployed to Afghanistan, but I do have access to the internet in my room, however, it's fairly slow and unstable. On the plus side power consumption is free, so bitcoin would be pure profit (minus the cost of a new laptop, which I've been considering anyways).

    Also, if anyone else had other comments to add about bitcoin I would appreciate perspective/tips.
     
  2. woofer00

    woofer00 Wanderer

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    Bitcoin mining full tilt at present rates is supposed to generate around $150 on a workhorse desktop. Considering bitcoins are apparently depreciating in the face of recent hacks and attacks, it may take some time to recover the laptop's cost.
     
  3. GamingACU

    GamingACU Notebook Deity

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    $150/what? every month or year?

    I need a new laptop anyways, I figured this would just help out a little to pay for it.
     
  4. gmoneyphatstyle

    gmoneyphatstyle Notebook Deity

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    PCPer.com did a great article on bitcoin mining, check it out here.

    PCPer.com also does a great podcast on comuting and hardware, recommend you check it out. They talked about their article on bitcoin mining in one episode.

    I'm not sure how a laptop GPU would compare to these desktop graphics cards though. Not very well I'd imagine.

    I can't help but wonder how much money you could make if you had access to a military server farm, hehheh.

    PCPer.com did a seperate article that takes cost of power in the US into consideration. You can read it here. Wouldn't apply to your case though.


    [​IMG]

    [​IMG]
     
  5. GamingACU

    GamingACU Notebook Deity

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    lol, yea I could make a killing if i could access all of our computers on the network and mine that way.

    Anyways, I'm probably going to get 6990's in CF, which I believe are the desktop 6870, but slightly downclocked. I'd be happy if that chart was correct and I made around $2/day.

    However, I'm still wondering about the necessary internet connection? I was told that some people were only using about 20mb dl/day. My internet connection here is going to be fairly slow so i was wondering if that was going to hinder me.
     
  6. Pommie

    Pommie Notebook Deity

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    Be careful, it may be best to talk to someone in the military first about this. Using the internet in a deployed location to farm for bitcoins might get you in trouble. Everyones internet use will be monitored. Also, if it does require a large internet presence, you might find yourself slowing down the internet for everyone else.
     
  7. GamingACU

    GamingACU Notebook Deity

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    I won't be using the government's internet. It's a private line that I have to pay for.
     
  8. Pommie

    Pommie Notebook Deity

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    Ok well then you're sorted! What laptop are you planning on getting? From what I know, I can't see it using much internet. Do you have a phone with internet? Might be an idea to tether your phone up, reset the downloaded data setting, then start up Bitcoin. Track it for an hour, then see how much has been downloaded.
     
  9. GamingACU

    GamingACU Notebook Deity

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    Hmm, no I don't have an internet phone.

    I'm currently deciding between the M18x and the x7200 both with 6990 CF.
     
  10. talin

    talin Notebook Prophet

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    The reason the bitcoin will depreciate is it will become harder and harder to generate new blocks (as they become longer with the more bitcoins created, it requires more processing calcuations to generate a new one). Plus there is only going to be 21 million of them, period. Be careful because one of the co-founders admitted that bitcoins are widely used by the russian mafia in money laundering, as well as used for illegal/illicit purposes. I'd stay away.
    Instead invest in a real currency or precious metals.
     
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