PDA

View Full Version : Bitcoins



Acebmxer
07-02-2011, 12:13 PM
Hey guys; found this on another forum. Its called Bitcoins. This is not a scam its real. I dont know exactly how it works, but I can tell you it works.

What is Bitcoins. Well you use your gpu to do work and generate (or called Mining).

What can you do with these coins? You can convert them to cash, buy stuff or services with bitcoins.

This works best with ATI gpus.

Here is some links with all the information you need.

Bitcoin - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Bitcoin)
Bitcoin Forum - Index (http://forum.bitcoin.org/)
Bitcoin P2P Virtual Currency (http://www.bitcoin.org/)
https://www.instawallet.org (Online Bitcoin wallet. If you do not want to store your bitcoin wallet on your computer.)
https://en.bitcoin.it/wiki/Mining_hardware_comparison (See how well your gpu should perform)

Download these and install

Bitcoin 0.3.23 found here Bitcoin P2P Virtual Currency (http://www.bitcoin.org/) (This is your bitcoin wallet. A place to store your bitcoins.)
GUIminer GUI mining - updated host address for slush's pool (http://forum.bitcoin.org/?topic=3878.0) (this is the program to allow you to mine for bitcoins.)

Register at a bitcoin mining pool. I recommend using with BTCguild. https://www.btcguild.com Supply them with your bitcoin wallet and create at least one worker.
Start GUIminer and switch server to BTC guild. Enter your user name and password. copy this to extra flags "-v -w128" with out the "".
Then start mining.

Please feel free to post any comments or questions. Lets see who else here is doing this.
Again this is not spam or a scam. Mods if I posted this in wrong section please move when you feel it should be.

Acebmxer
07-02-2011, 01:24 PM
Trying out a new mining pool. https://www.triplemining.com/

If you would like to help out you can register here with my referral. https://acebmxer.triplemining.com/register

Please use second link when registering.

Lsdmeasap
07-04-2011, 01:16 PM
Use second link eh, sounds spammish?

Haha, just giving ya a hard time man, no worries! This has caught my eye lately too, but sounds like it takes too long to build up any worthy amount of cash, right? How much have you made so far, with what card?

Acebmxer
07-04-2011, 10:25 PM
Yeah I was trying to make it not sound so spammish :)

I have been switching between different mining pools. Usally BTC Guild or if I can get enough people to join Triplemining to make it worth it.

Right now running my 6950 +5850 I have made so far about 33 dollars in a couple days. Price per coin fluctuates right now its around $15.25 - $15.50 a coin

Forgot this link https://www.tradehill.com/ Tradehill is the place you go to, to trade in you coins for cash. please use my referral code when registering. TH-R111259

wazza300
07-05-2011, 03:04 AM
Do you know roughly how many hours it took you to earn $30?

Acebmxer
07-05-2011, 05:28 AM
That was running 24/7. Well as close as I could as the 6950 card is in my main system. So if I wanted to watch a movie I had to stop the miner. Or 1 website its banner is enough to lock the system up and force a reboot.

Also depends on the market for buying the bios. Found out Newegg also takes bitcoins. BitEgg.net | Buy Newegg Giftcards with Bitcoins (http://bitegg.net/) I havent tried it yet.

Lsdmeasap
07-05-2011, 09:08 AM
Wow man, interesting!! I thought it would take much longer to make money, that sounds like you could maybe make at least $50 in under two weeks even with time off, right?

Buying a BIOS, what do you mean by that?

Have you found anyone that has used and approves that Newegg card site? I read the FAQ, and that's a guy (Buying Newegg gift cards for you), not Newegg itself.

Acebmxer
07-05-2011, 10:07 AM
Oppss that was typo I meant to say bios=bitcoins lol... Ohh ok I just found I have not tried it. I haven't generated enough.

Profit wise it depends. on the market. The market seems to be dropping :( its down to $13.37. Hope it goes back up. But Depending on your electric bill I would hope that you should cover your coast in about a week or two. If you farm 24/7 depending on speed and such.

Lsdmeasap
07-05-2011, 11:09 AM
Ohh, forgot all about electric, with that in mind I'm back to thinking this might not be worth it for me to even try doing.

Acebmxer
07-08-2011, 06:56 AM
Here is a calculator to help figure it out. http://98.200.247.249:81/btc_calc.php

Here is a est. of what I could expect.


Selected Difficulty: 1,563,027.996
MHashes: 700 | BTC Revenue ($USD) | Power Cost | Profit
Per Day: 0.450 | $6.717 | $1.836 | $4.881
Per Week: 3.153 | $47.018 | $12.852 | $34.166
Per Month: 13.514 | $201.504 | $55.080 | $146.424

A member over at Xtreme systems is starting their own Xtreme bitcoin pool.