I think he can now afford to dine at the restaurant 
Best reply ever LOL !
Topic: YouTube Video: Bitcoin Mining: Three Months Later (Read 4914 times)
Best reply ever LOL !
I think he can now afford to dine at the restaurant
If those rigs standing in your kitchen... Where the hell are u preparing your meals?
I wonder the same thing...
MtGox is operated from Japan.
isn't it ironic that the biggest exchange of a crypto commodity that's created basically by massive electricity consumption is operated from a country plagued by the biggest nuclear meltdown in a power-plant known to mankind so far.
btw i liked your video : )
hey i was just wondering what MoBo and CPU are you using in your rigs?
If those rigs standing in your kitchen... Where the hell are u preparing your meals?
Hey casascius
You mentioned you still solo right? How much are you still able to make. Are you close to the point where you will join a pool?
I have about 3.5k mhash and I'm in a pool right now. Was wondering how viable it would be to solo.
I will probably never join a pool. The difference is insignificant for me. My miners just got a block within the last hour. It's less frequent, but I still get blocks perhaps slightly better than every other day it seems. Difficulty calculator says I should get a block every 31 hours at current difficulty (157426).You mentioned you still solo right? How much are you still able to make. Are you close to the point where you will join a pool?
I have about 3.5k mhash and I'm in a pool right now. Was wondering how viable it would be to solo.
Where do you get the current difficulties? also I am going to start up a farm already have 3 5870's! Gonna get a nice farm up and going but tbh I realize if I spend money on a farm I can sell the cards and come out even if it doesn't work out because its not like once you buy the hardware it becomes worthless :3 Thinking of getting a cheap p4 and a cheap p45 board and sticking 2 5970's in it!
How many Mhashes do you have? Was it 8K? I think I remember that from the video.
Do you just let them solo all together? nothing fancy right?
Although at my rate I don't think I can actually solo effectively.
I'd be in the 60+ hours compared to you.. if what you have is 8K
Do you just let them solo all together? nothing fancy right?
Although at my rate I don't think I can actually solo effectively.
I'd be in the 60+ hours compared to you.. if what you have is 8K
Hey casascius
You mentioned you still solo right? How much are you still able to make. Are you close to the point where you will join a pool?
I have about 3.5k mhash and I'm in a pool right now. Was wondering how viable it would be to solo.
I will probably never join a pool. The difference is insignificant for me. My miners just got a block within the last hour. It's less frequent, but I still get blocks perhaps slightly better than every other day it seems. Difficulty calculator says I should get a block every 31 hours at current difficulty (157426). You mentioned you still solo right? How much are you still able to make. Are you close to the point where you will join a pool?
I have about 3.5k mhash and I'm in a pool right now. Was wondering how viable it would be to solo.
Hey casascius
You mentioned you still solo right? How much are you still able to make. Are you close to the point where you will join a pool?
I have about 3.5k mhash and I'm in a pool right now. Was wondering how viable it would be to solo.
You mentioned you still solo right? How much are you still able to make. Are you close to the point where you will join a pool?
I have about 3.5k mhash and I'm in a pool right now. Was wondering how viable it would be to solo.
Quote
Look at what happened to Wikileaks. They tried to shut down wikileaks.org, and 1400 new mirrors popped up overnight. MtGox doesn't have a monopoly on the Bitcoin trading market, someone could start a viable competitor tomorrow and be in business easily.
Wikileaks does free dissemination of information. MtGox holds actual Bitcoins and US Dollars which would be confiscated.
The fact that so few Bitcoiners realize how easy it is for someone to sue MtGox and get a judicial injunction (US, Japan, anywhere) thus holding up thousands of EVERYONE's money is a testament to how horrible a crash is going to affect the community. I'm sorry for those of you who don't understand this.
I wish I had as long kitchen as yours. 
Then, I would not have to mine inside my living room, fighting with noise and heat.
Then, I would not have to mine inside my living room, fighting with noise and heat.I watched your video, and the one other bitcoin rig video on youtube at the time, before I decided to buy some dedicated hardware. Unfortunently I didn't have the money to go all out with 2 5970's right off the bat.
I wish I had as long kitchen as yours. Then, I would not have to mine inside my living room, fighting with noise and heat.
Then, I would not have to mine inside my living room, fighting with noise and heat.
LOL you have made your fortune using BTC !
Had 25 000 so that is about 250 000 considering 1 BTC = 10 USD.
Nice !
Care to explain what hardware you are using ?
Thanks !
Had 25 000 so that is about 250 000 considering 1 BTC = 10 USD.
Nice !
Care to explain what hardware you are using ?
Thanks !
Thanks for the sharing and update! However:
protip: never never never let your address out. hehe.
protip: never never never let your address out. hehe.
I created a YouTube video to describe my experience with mining as well as buying lots of Bitcoins when they were 80 cents.
Excuse the amateur production and my wobbly hand with the iPhone. Otherwise, enjoy!
Excuse the amateur production and my wobbly hand with the iPhone. Otherwise, enjoy!
Thanks for sharing your experience with Bitcoin.
Nice video...glad to see the update. It's an interesting dynamic in that when the price of bitcoins is rising at a fast enough clip, it's better to just buy bitcoin...and when the price levels out, the difficulty will likely catch up very fast and erode profits. I viewed it the same way you did, a lower risk way of obtaining bitcoins.
Heh...well, I think there are already a half dozen or so fully operational competitors to mtgox. I think the key at this point is to expand the usage of bitcoin enough to where buying locally for cash is viable. At that point, every electronic means of getting money into any exchange could be shutdown, but you could take a wad of cash out of the atm and find someone locally to buy from.
Look at what happened to Wikileaks. They tried to shut down wikileaks.org, and 1400 new mirrors popped up overnight. MtGox doesn't have a monopoly on the Bitcoin trading market, someone could start a viable competitor tomorrow and be in business easily.
Heh...well, I think there are already a half dozen or so fully operational competitors to mtgox. I think the key at this point is to expand the usage of bitcoin enough to where buying locally for cash is viable. At that point, every electronic means of getting money into any exchange could be shutdown, but you could take a wad of cash out of the atm and find someone locally to buy from.
Awesome video. What motherboards and PSU are you using for your rigs?
-EP
-EP
But you would have faced the exact same uncertainty and risk as you would if you contemplate buying $1000 worth of BTC today.
that is oversimplifying and incorrect, in my opinion
the demand might have come from early adopters. now that they've gobbled up theirs, will growth stall without another group who are nearly as eager?
... the demand for digital money that is easy, near zero cost, to transfer, limited in issuance and pseudo-anonymous is difficult to estimate.
However, let's just say that there are more than 100,000 people on the planet of 7 billion that might like to use this .... run the numbers, the current exponential growth could go on for a long, long time ... us here now could be considered the "early adopters" after another 18 months of exponential growth ... it's difficult to get your head around the potential size of the shift in wealth/money perceptions that is possible, for anybody.
Life of its own now, enjoy the ride.
To buy or to mine? man, we faced same question, same thought process and came to same decision.
The only difference is you have bigger balls, you did everything on a larger scale. I guess that's true for everything in your neck of the woods.
EDIT: Don't be alarmed, I have your zip code b/c once I was seriously considering buying your mining hard drives.
The only difference is you have bigger balls, you did everything on a larger scale. I guess that's true for everything in your neck of the woods.
EDIT: Don't be alarmed, I have your zip code b/c once I was seriously considering buying your mining hard drives.
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