One cannot repeat it often enough: You cannot get rich, just by mining Bitcoins (unless you pay nothing for your electricity).
Even when doing very efficient mining it will approx. last over a year until you have the costs for your hardware back in (again, unless you pay nothing for your electricity).
Mining doesn't pay, thats per definition of the algorithm. When it does pay at a specific time, more people will start mining, which automatically increases difficulty until the number of people which are mining starts sinking again.
The only (but risky) way to make money with bitcoins is trading. There are enough Marketplaces out there, like Tradehill.
Topic: How much can one make with a server farm? (Read 5851 times)
Depends on your cost of electricity, which can vary by a factor of greater than 10 depending on where in the world you live: http://en.wikipedia.org/wiki/Electricity_pricing
hey tin thanks for the reply
let me rephrase my Q
What if you had the perfect setup for mining and many of them like server farms are there possibilities of mining like 100s of coins a day or 1000s?
let me rephrase my Q
What if you had the perfect setup for mining and many of them like server farms are there possibilities of mining like 100s of coins a day or 1000s?
Even with 100 CPU's, your not even going to make 10 coins a MONTH.
aw that is sad news looks like i am going to stick to trading,
With MTgox putting a hold on europe trading looks like 230AM EST is dead on the charts i havent seen the price change for about an hour and a half
With MTgox putting a hold on europe trading looks like 230AM EST is dead on the charts i havent seen the price change for about an hour and a half
hey tin thanks for the reply
let me rephrase my Q
What if you had the perfect setup for mining and many of them like server farms are there possibilities of mining like 100s of coins a day or 1000s?
let me rephrase my Q
What if you had the perfect setup for mining and many of them like server farms are there possibilities of mining like 100s of coins a day or 1000s?
7200 are produced per day.
to earn "1000's per day" would imply your server farm was a large proportion of the entire bitcoin network's processing power.
eg. capable of checking 2+ terahashes / sec
hey tin thanks for the reply
let me rephrase my Q
What if you had the perfect setup for mining and many of them like server farms are there possibilities of mining like 100s of coins a day or 1000s?
let me rephrase my Q
What if you had the perfect setup for mining and many of them like server farms are there possibilities of mining like 100s of coins a day or 1000s?
not much. I have a AMD 3.4 ghz quad core and it can mine at about 12 mhash/s. so 13*12= 156. I get 165 mhash/s from one ATI Radeon 5770 Graphics card. CPU mining kind of died when gpu mining was introduced.
Obviously those who are making good money off of mining BTC will want to keep the exact number secret but say you have a sever farm running all the time off of electricity that is paid for, what kind of figures would one be looking at? say you have 13 CPUs working perfectly and geared for mining
Curious
Curious
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