Topic: I will donate to you, for your help. (Read 2672 times)
"Everyone needs gasoline for their vehichles. There's no way this store will go out of business." <2 months later> "Going out of business..."
Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?
Quotes like are dangerous. There is no such thing as "there is no way this will bust." So many people have trouble even understanding the bitcoin concept; this thing can bust easily.
Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?
Just have a back up plan...you're investing more than me and my brother's shared college fund to give a comparison...
That is all I am saying as well. But if you have the cash to lose then please go forward etc.
Don't re-mortgage your house for this etc. !
Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?
Just have a back up plan...you're investing more than me and my brother's shared college fund to give a comparison...
technically there will be the same amount of btc to go around since the system is designed to allow for 6 blocks per hour. this is why we see difficulty adjustments to begin with, to keep the flow of new btc stable.
Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?
Well it depends because there will be loads of used 5850s on eBay after all the miners have quit in a hypothetical scenario and the market would be saturated ( where as now these cards are rarities ) and you could end up with nobody wanting to buy your cards or if at all, for a very small sum etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
In fact, most investors bought up 5xxx series cards, which really excel at mining but aren't really top end gaming cards. So now you have a market flooded with mid ranged gaming cards that most gamers probably already have or have better than, reducing value even more.
http://www.tomshardware.com/reviews/best-graphics-card-radeon-hd-6990-geforce-gtx-590,2912-7.html
uh...says who? 5870s and 5850s, hell, even 5770s are pretty damn good graphics cards that can play most games out there without a sweat.
In fact, most investors bought up 5xxx series cards, which really excel at mining but aren't really top end gaming cards. So now you have a market flooded with mid ranged gaming cards that most gamers probably already have or have better than, reducing value even more.
I sir, am that market!
Are you sure you want to invest $14000?
Yes I'm pretty certain, If not more.
but you know that most likely you can get more coins if you buy them with those 20k usd on mtgox than you can possibly mine with that equipment IF difficulty will rise that fast?
plus $750 for electricity per month (assuming .15c for kWh)
Why would it go bust? It's doing so well, and only growing.
It's more volatile than Neo-nazis at a bat mitzvah.
Well it depends because there will be loads of used 5850s on eBay after all the miners have quit in a hypothetical scenario and the market would be saturated ( where as now these cards are rarities ) and you could end up with nobody wanting to buy your cards or if at all, for a very small sum etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
In fact, most investors bought up 5xxx series cards, which really excel at mining but aren't really top end gaming cards. So now you have a market flooded with mid ranged gaming cards that most gamers probably already have or have better than, reducing value even more.
After you finish your setup, I would recommend to switch the bitcoind into testnet. Then, you will very soon mine your first *FAKE* 50 BTC just to verify that everything works fine. Do not forget to switch back to real chain!
Well it depends because there will be loads of used 5850s on eBay after all the miners have quit in a hypothetical scenario and the market would be saturated ( where as now these cards are rarities ) and you could end up with nobody wanting to buy your cards or if at all, for a very small sum etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
At least with mining you can't lose your entire investment: can always hawk the hardware on ebay, right?
Well I am just trying to help you mate.
Anything is possible. Do not forget that etc.
The point I was trying to make was : "do you have a disaster plan or similar etc. to avoid losing your 14 000 etc. ?"
Just trying to be helpful etc.
I suggest taking it relatively easy and not going and splashing all your cash for ati cards etc.
Anything is possible. Do not forget that etc.
The point I was trying to make was : "do you have a disaster plan or similar etc. to avoid losing your 14 000 etc. ?"
Just trying to be helpful etc.
I suggest taking it relatively easy and not going and splashing all your cash for ati cards etc.
impossible to predict, but it very well could... could be tomorrow could be 2 years from now... could never
Why would it go bust? It's doing so well, and only growing.
What if it goes bust, not that I hope it will etc. ?
Are you sure you want to invest $14000?
Yes I'm pretty certain, If not more.
Are you sure you want to invest $14000?
In case IP addresses change, I use
Code:
rpcallowip=192.168.10.*
People here add their bitcoin wallet addresses for this reason.
Feel free if you want to. This board was set up to help and share knowledge.
Feel free if you want to. This board was set up to help and share knowledge.
You guys are so AMAZING, and FAST with the help. I will try this asap. Please PM me your emails, I'll get something together to donate to you asap. Thanks, I'm sure I'll need more help soon. I am planning to set up a public mining pool
Edit your bitcoin.conf
Edit these lines
And then connect every mining client to the server with the same username and password. Just tried this on my machine with CPU and GPU miner and it worked.
so basically if your bitcoin client is on machine with ip-adress 172.1.2.0 and your mining machines have IPs 172.1.2.1 - 172.1.2.10 your bitcoin.conf should look something like this
Edit these lines
Code:
server=1
rpcport=8332
rpcuser={username here. Any username}
rpcpassword={password here}
rpcallowip= ip of the mining rig. Add this line for every minig rig in your net.
so basically if your bitcoin client is on machine with ip-adress 172.1.2.0 and your mining machines have IPs 172.1.2.1 - 172.1.2.10 your bitcoin.conf should look something like this
Code:
server=1
rpcport=8332
rpcuser=slave
rpcpassword=ibowtomymaster
rpcallowip=172.1.2.1
rpcallowip=172.1.2.2
rpcallowip=172.1.2.3
rpcallowip=172.1.2.4
rpcallowip=172.1.2.5
rpcallowip=172.1.2.6
rpcallowip=172.1.2.7
rpcallowip=172.1.2.8
rpcallowip=172.1.2.9
rpcallowip=172.1.2.10
To be more specific on this topic than i've seen so far. Basically you...
1. set up your bictoin client on a machine on the network.
2. configure an rpc user name and password in the bitcoin.conf (location varies by operating system). this username and password can be anything you want.
3. set a connect ip for the bitcoin client/daemon to listen on. by default it only listens on local host, i've heard you can add/change connect=* in the bitcoin.conf to have it listen on all available ip's/network interfaces. not sure if you can set a specific ip/interface to bind to without listening on all or only localhost though.
4. run bitcoin as a server/daemon. bitcoind is the application name
5. set the miners on each machine up like you would for a pool, except point them to the network ip of the machine running the bitcoin daemon, using the user name and passwords defined in the bitcoin.conf
that should be about it. anyone else feel free to correct me on my inaccuracies, throw in any missed steps, or offer any alternatives. this information was all gathered with a little forum reading and google fu as i only have one machine to mine with, and it pool mines.
1. set up your bictoin client on a machine on the network.
2. configure an rpc user name and password in the bitcoin.conf (location varies by operating system). this username and password can be anything you want.
3. set a connect ip for the bitcoin client/daemon to listen on. by default it only listens on local host, i've heard you can add/change connect=* in the bitcoin.conf to have it listen on all available ip's/network interfaces. not sure if you can set a specific ip/interface to bind to without listening on all or only localhost though.
4. run bitcoin as a server/daemon. bitcoind is the application name
5. set the miners on each machine up like you would for a pool, except point them to the network ip of the machine running the bitcoin daemon, using the user name and passwords defined in the bitcoin.conf
that should be about it. anyone else feel free to correct me on my inaccuracies, throw in any missed steps, or offer any alternatives. this information was all gathered with a little forum reading and google fu as i only have one machine to mine with, and it pool mines.
I am running Windows 7.
I am planning to run 10 Machines each with 2 x 6990 cards in them. So that's a total of 13ghash/s. I want to know how to set everything up to mine to 1 single wallet. I read another thread that if I don't set it up that way they will be mining and competing against each other. Any help is appreciated. Thanks guys. Again, I will donate to you for your help.
I am planning to run 10 Machines each with 2 x 6990 cards in them. So that's a total of 13ghash/s. I want to know how to set everything up to mine to 1 single wallet. I read another thread that if I don't set it up that way they will be mining and competing against each other. Any help is appreciated. Thanks guys. Again, I will donate to you for your help.
You could install the bitcoin software on your Windows box and configure it to talk to the Bitcoin network be a server for all the other boxes. Then for every 6990 you have to run 2 clients and you set then up to talk to the bitcoin server on the Windows machine.
The cards don't compete with each other. They each get their own work to work on to try to solve a hash that generates a block of coins.
I am running Windows 7.
I am planning to run 10 Machines each with 2 x 6990 cards in them. So that's a total of 13ghash/s. I want to know how to set everything up to mine to 1 single wallet. I read another thread that if I don't set it up that way they will be mining and competing against each other. Any help is appreciated. Thanks guys. Again, I will donate to you for your help.
I am planning to run 10 Machines each with 2 x 6990 cards in them. So that's a total of 13ghash/s. I want to know how to set everything up to mine to 1 single wallet. I read another thread that if I don't set it up that way they will be mining and competing against each other. Any help is appreciated. Thanks guys. Again, I will donate to you for your help.
Better ask your questions here. It will be good to have noob-thread here.
Hi Folks,
I am new to bitcoin. I will donate either BTC or USD to you, for your help. I just need help with some very basic setup to begin with. Later on, I will need help with starting up a mining pool for others to join in. If you are savvy with all this, feel free to contact me. I would like to work with someone who can allocate some time in explaining to me over skype or chat.
Thanks, and I look forward to working with you soon.
I am new to bitcoin. I will donate either BTC or USD to you, for your help. I just need help with some very basic setup to begin with. Later on, I will need help with starting up a mining pool for others to join in. If you are savvy with all this, feel free to contact me. I would like to work with someone who can allocate some time in explaining to me over skype or chat.
Thanks, and I look forward to working with you soon.
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