Lots of noob questions - page 2. | Bitcointalksearch.org

Beany

newbie

Activity: 7

Merit: 0

Thanks everyone

Sorry but a few more questions.... @Anduril: You say "it may take you just under 2 years to produce a new bloc (50 coins)" ... whats a "new bloc"?

So to start mining i was reading this guide and it says i need to install bitcoin from bitcoin.org.

And being as i have AMD graphics cards, i need the AMD Stream SDK.

Then i need to get GUI miner? (dont want command line rubbish).

So i've done all that.... and now i'm waiting for Bitcoin to download the block chain. Then i can start mining with GUI miner. Is all this correct?

electricdonkey

newbie

Activity: 6

Merit: 0

Quote from: Beany on June 19, 2011, 08:23:29 PM

With all the news lately about bitcoins and the MTGox hack (SQL injection? SERIOUSLY? a 12yo kid could do that!) it's got me interested in bitcoins.
So for all the people worrying that the bad press will put people off, well, i doubt it will. It might just get more people aware of bitcoins like myself.

So lots of possibly stupid questions:

1. How can i actually make money with bitcoins? I know theres some places where you can buy stuff with bitcoins, but there dont seem to be that many... is there any way i can sell bitcoins for standard currency ($ or £)? and if i can, where would i do this?

2. Do any of the miners work with Windows or are they all Linux? If theres any Windows miners, are they free and where can i get them?

3. Does CrossFire work? I have two 6970's, will they both be used by miners?

4. What exactly do i need to start mining?

5. Is there anywhere i can buy consumer goods with bitcoins? Do any of the large online stores accept them? Because all the places i've seen so far are not exactly great.

2. If you visit the subforum for Mining software, you can find most all miners listed, which are for both Windows and Linux.

3. From what I know, Crossfire is generally discouraged, with miners preferring to use individual cards.

4. If you have a computer you can begin mining. A CPU is the least that is required, but CPU mining is not viable anymore. If you want to really start mining you'll need relatively high end graphics card. (preferably AMD)

5. There are workarounds, but generally no, there are no MAJOR stores that accept Bitcoin as a currency.

Anduril

member

Activity: 92

Merit: 10

Quote from: Beany on June 19, 2011, 08:23:29 PM

1. How can i actually make money with bitcoins? I know theres some places where you can buy stuff with bitcoins, but there dont seem to be that many... is there any way i can sell bitcoins for standard currency ($ or £)? and if i can, where would i do this?

Forget buying stuff for the time being. The main way to make money is to mine bitcoins, but if you start mining by yourself with a normal computer it may take you just under 2 years to produce a new bloc (50 coins). So you have to pool resources. To me mining is not the way to go, so at the moment people are making money by playing the exchange rate at the exchanges. The problem? The main exchange, MT.Gox, is the one that got hacked. The second biggest one is closed, so right now your options to seel bitcoins for standard currency are limited.

In other words, you just chose a bad moment to join.

Quote

2. Do any of the miners work with Windows or are they all Linux? If theres any Windows miners, are they free and where can i get them?

There are several Windows ones, list here: http://forum.bitcoin.org/index.php?topic=16125.0 .

Quote

3. Does CrossFire work? I have two 6970's, will they both be used by miners?

Yes.

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4. What exactly do i need to start mining?

A miner

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5. Is there anywhere i can buy consumer goods with bitcoins? Do any of the large online stores accept them? Because all the places i've seen so far are not exactly great.

There are very limited places to purchase things with Bitcoin, and not a single reputable online store accepts them. Here is a list: https://en.bitcoin.it/wiki/Trade

BitcoinPorn

hero member

Activity: 630

Merit: 500

Posts: 69

1. Mt Gox, it's safe

or TradeHill (I'll insert my referral link in this space once I get one I suppose)
2. http://lmgtfy.com/?q=windows+bitcoin+miner
3. I have no idea what you just said.
4. Computer. Ask a more exact question for more exact answers.
5. There are options out there that do buying of things on NewEgg and Amazon. With Amazon, that is so much goods available right there.

Beany

newbie

Activity: 7

Merit: 0

With all the news lately about bitcoins and the MTGox hack (SQL injection? SERIOUSLY? a 12yo kid could do that!) it's got me interested in bitcoins.
So for all the people worrying that the bad press will put people off, well, i doubt it will. It might just get more people aware of bitcoins like myself.

So lots of possibly stupid questions:

1. How can i actually make money with bitcoins? I know theres some places where you can buy stuff with bitcoins, but there dont seem to be that many... is there any way i can sell bitcoins for standard currency ($ or £)? and if i can, where would i do this?

2. Do any of the miners work with Windows or are they all Linux? If theres any Windows miners, are they free and where can i get them?

3. Does CrossFire work? I have two 6970's, will they both be used by miners?

4. What exactly do i need to start mining?

5. Is there anywhere i can buy consumer goods with bitcoins? Do any of the large online stores accept them? Because all the places i've seen so far are not exactly great.

Topic: Lots of noob questions - page 2. (Read 1831 times)