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      =ADK= Discord Link   04/24/2017

      Come join us in =ADK= Discord To download the Discord app go here: https://discordapp.com/   Discord is going to have a small learning curve over teamspeak so be prepared, but the fellow members as well as the Admins will gladly help you if you have any issues with installing or using the app. Once you have Discord installed all that's left to do is click the button below.   Welcome to the future of the =ADK= Community.   Click Here To Join! 
Guneddown

Bitcoin mining for ADK

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What are bitcoins and how do they work?
If you don't know what bitcoins are I'd recommend watching this video.

How does this benefit ADK?
Bitcoins are a great currency! When you read the "How can we get bitcoins" section you will realize how useful it is. Also the exchange rate as of now for bitcoins is 1 bitcoin == $110. You can find an update exchange rate here.


How can we get bitcoins?
At this time there are two decent methods. The first is the in-browser system and the second is the client system.

The in-browser system can be found here and I have taken the liberty of setting up the account already (proof that I'm not scamming you found below). All you have to do is click the "Start generating" button. If you want to learn more about this system you can read this article they have posted explaining the process quite well.

Pros -

  • Easy to configure (just click a button!)
  • Uses only spare resources

Cons -

  • Large fees
  • No as efficient

The client system is the other way. This involves downloading a client (I highly recommend using this one but a list can be found here) and then (in 99% of cases) joining a group. I highly recommend slush's pool as they are usually the best. From there you configure your client (adding your user name and password that you got from the pool) and start mining! When using the client I don't recommend selecting any of the CPU cores. CPUs are very slow (compared to GPUs) and it's really not worth it.

Pros -

  • FAR smaller fees (14% compared to 2%)
  • More efficient
  • Uses maximum resources
  • If you choose to make your own wallet your name will be featured when you donate.

Cons-

  • Harder to configure (Technically but concidering it auto detects most GPUs it's not that hard).
  • Like a honey badger it don't care if you need that power for gaming. Because of this I recommend using it while you are away or just browsing the internet.
  • In order to cash out you need a bitcoin wallet. This wallet can be downloaded here. You can also send it to: 1GEGj7jnsv429gJVYSb2rTCLAv5aeAmJCv (Proof that I'm not scamming you found below)


How do we know that you aren't scamming us?
If you are using your own bitcoin wallet then well there is no possible way for me to prove this simply because I can't do it in the first place. If you use the in-browser or sending the bitcoins to my wallet then I can prove it. The address for the bitcoin wallet is 1GEGj7jnsv429gJVYSb2rTCLAv5aeAmJCv now you can track all in coming / out going transactions made by this wallet using this website. It's kind of hard to cheat when you can stalk my every transaction.


Can I mine for my own profit?
Yes! If you don't feel like donating to ADK or if you just want to make a little cash on the side you can set up your own wallet and have the funds transferred there! It's totally up to you.

What's the best hardware to generate bitcoins?
In terms of CPU vs GPU the GPU spanks CPU. The reason for this is CPUs are made for those big hardcore numbers where as GPUs are made for small, fast calculations (you need fast math for good framerates). Because of this I don't recommend checking any of the boxes for CPU mining (available in the clients only).

When looking at AMD vs Nvidia you find AMD is the winner. AMD uses a completely separate architecture than Nvidia. AMD focuses on having a massive number of less powerful cores. This makes it great for pumping out a huge number of hashes. If you don't have a Nvidia card don't give up just now. Nvidia is still a viable option. While you most likley won't be beating the AMD guys you're still going to pump out a considerable amount of power (i should know I run Nvidia). If you would like some facts on your hardware you can find the stats here.


Things to look out for (mostly client but in-browser can read anyway)*
First off if you're using a client make sure you don't forget to stop mining before you attempt to play a game. If you do it's not a big deal mostly due to the fact that you'll notice quite quickly. If you have a computer that is known to overheat I'd recommend not using the client, the browser should be fine but make sure you judge it. If you are using a laptop and are using the client be sure to run a "test" before leaving the computer alone to mine for long periods of time. The test is pretty much starting the application and running it for a decent amount of time checking to make sure it's not overheating. Also for laptop users make sure your laptop has good ventilation (flat hard surface don't leave it on your carpet). A quick recommendation I have is to download a monitoring application. Because I have an EVGA card I downloaded Precision X. MSI has a similar one I believe is called MSI afterburner. This allows you to do quick checks making sure nothing crazy is happening.

*Please note this section is really for the people with laptops or really hot computers. Mining clients for the most part are good at not stressing the computer due to the fact that the hardcore miners who purchase lots of expensive, powerful cards dislike having them pushed too far and die quickly. If you don't have a hot computer or laptop only recommend reading the last few sentences.


Conclusion
Bitcoins are a great, easy way to get some more income for ADK. This is especially useful for those who can't donate cash (such as me). There isn't really a downside to the bitcoin mining. While the bitcoin value is know to either jump or fall at random (not too common falls are usually after a jump yet there is an overall gain in price) occasions it doesn't really effect us. We don't care about raising or falling prices due to the fact that we don't really care how much money we're making just that we're making making some. It's also a great way to get people more involved in the community. The biggest reason I thought of this is the fact that in order for people to play a good majority of the games ADK is into they good computers with high profile graphics cards. We can utilize this power for something that really helps ADK.


Feel free to post and questions you may have.

Edited by Guneddown

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1) what is the bitcoin backed by?

2) what exactly is my computer doing to "mine" bitcoins?

3)how do I turn this e-currency into real money with a face value.

4) How long does it take the average gaming rig (see signature) to make one bitcoin.

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also, while looking at pools. I see that the amount of funds dispersed by pools depends on the number of shares you provide to the pool....so you can see where this question is going.

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@[member='Hoole'] 

1. Sadly the USD and most modern currencies are no longer backed by any physical item. The same goes with Bitcoin.

2. As I mentioned above your GPU is "hashing" large amounts of data. If you want to learn more you can read this from their wiki.

3.As mentioned above, you take your bitcoin to an exchange. They give you USD/Euro/what ever in exchange for your bitcoins.

4. The most simple way to explain shares is they are a percentage of the profit based on that amount of work they did. A number of things will determine how long. For example how often you do it. How much you give the client (intensive usage causes the client to use less power so the video card isn't slammed). And if you're going at it alone. If you fly solo it will generally take an insane amount of time. In order to solve "Blocks" your computer must play a mathematical guessing game. So luck plays a big part. You could hit it big and solve a block resulting in a reward of 24 bitcoins ($2,500) or you could spend the next decade and get nothing. That's why slush's are so important. They combine the power and result in a more steady stream.

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Indeed it is. Wish we could get some people doing it however. I kinda feel like I wrote that whole thing for nothing.

Edited by Guneddown

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Yea bitcoin just isn't worth it to mine anymore with cpu or gpu. If you have an ASIC for bitcoin mining then you have a chance. But right now it seems that litecoin is easiest to mine. Maybe we can setup a ltc miner too.

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So...

I make an account on https://mining.bitcoin.cz/

Then I download the client and sign in?

I watched a few tutorials and for the most part they all gave different websites to sign up to...

Some said I need a wallet and told me to sign up to MT.GOX, however I read on reddit that MT.GOX is bad?

From what I understand, when I sign up I will get an address where I can receive payments, right?

Can you correct/explain some of this? I think I got a lot wrong and I am a bit confused.

 

Also, instructions were not clear enough, got dick stuck on ceiling fan. :blink:

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I spent a day "mining" and only came up with .004 BTC  which is just shy of 50 cents...won't even pay for my power cost.

You have a 0.483 Mhash/J rate. I'm not surprised. Also your computer managed to suck up 2 Kilowatts?

 

 

Mining is not worth the power cost.

Your video card is in the high 1's so you shouldn't really have a problem.

 

Yea bitcoin just isn't worth it to mine anymore with cpu or gpu. If you have an ASIC for bitcoin mining then you have a chance. But right now it seems that litecoin is easiest to mine. Maybe we can setup a ltc miner too.

Depending on how you're running it your video card is JUST below 2. And while I've looked into LTCs  I've found that at $3.25 they aren't worth it for me. ASIC miners are very nice but very expensive and far more rare. Due to the balancing act that bit coin has if you run the right system (without ASIC or FPGA boards) it will always be profitable.

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So...

I make an account on https://mining.bitcoin.cz/

Then I download the client and sign in?

I watched a few tutorials and for the most part they all gave different websites to sign up to...

Some said I need a wallet and told me to sign up to MT.GOX, however I read on reddit that MT.GOX is bad?

From what I understand, when I sign up I will get an address where I can receive payments, right?

Can you correct/explain some of this? I think I got a lot wrong and I am a bit confused.

 

Also, instructions were not clear enough, got dick stuck on ceiling fan. :blink:

Okay. I'm not sure how you managed that but I'm going to help you out. 

First all the paramedics. 

Second Replace dick (pick another one up at walmart).

Third come back.

 

Now that we have that straightened out lets start.

 

1) Sign up at https://mining.bitcoin.cz/

2) Get username and password for "worker" after signing up.

3) Download GUIminer. https://bitcointalk.org/?topic=3878.0

4) Put username and password into GUIminer.
5) Select GPU do not select any CPU cores.
6) Make sure "server" is set to "slush's pool".

7) Hit start.

 

Collecting your coins.

 

1)  Get a bitcoin wallet. Found here http://bitcoin.org/en/ (bit-coin QT)

2)  Click receive coins.
3)  Copy and paste address you need into the "Bitcoin address" box inside your account (on the bitcoin.cz website).

4)  Set the threshold to just above what you have.

5)  Click save.
4)  Pass threshold

7) You now has coins.

 

Converting into USD

 

1) Find an exchange center

2) Follow their instructions

3) You now has dollars.

4) I choose them because they're the most well known. 

 

 

If you manage to get your balls stuck in a ceiling fan again I'd recommend repeating the first few steps.

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Get ready for more questions...

1) For GUIminer, you meant to input the worker username and password right?

2) Would you suggest changing the worker password to make it more secure or would it be better leaving it as is?

3) For bitcoin-Qt, I noticed I did not have to login... Could you explain how or where it stores the coins? For example if my HDD gets wiped, will I lose my bitcoins?

4) Will changing the label in "Receive coins" affect the address? I find the (no label) a bit annoying and want to change it.

 

5) What set up do you recommend for this https://mining.bitcoin.cz/accounts/profile/

Your Bitcoin address for receiving rewards

Send threshold: Coins will be sent once the reward crosses over the threshold

Estimated reward: Estimated reward for current round

Unconfirmed reward: Pending reward from unconfirmed blocks

Confirmed reward: Your confirmed balance from valid blocks

Total reward: Unconfirmed + Confirmed rewards

Username in stats: Show my username in public server stats

Notify me on payout: Send email when the system sends me a payment

 

6) If I uncheck the Username in stats box, will it have any negative effects?

7) Which exchange Center would you recommend?

 

I apologize if asking this many questions is annoying. I just don't wont some lucky bastard getting my bitcoins because of my mistakes.

 

Also, thanks to clear instructions, bought replacement at walmart. Got nurse to sew it on in the walmart medical section. However, now I am lost in the store...

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1) Yes

2) Leave it as is.... I didn't even know you could change it. Actually now that I think about it, it doesn't really matter.

3) Yes

4) No this is simply a label. It's mostly meant so you can give it to certain people so then you know who's sending stuff to you. ( If you have multiple accounts for multiple pools you can see how much you're receiving from each pool).

5) Not sure what you mean?

6) Well I wouldn't be able to theoretically stalk you. Other than that no.

7) Which ever one give you the most. I haven't looked into them all to much.

 

I found if you start pissing on the floor of the Walmart they usually will send someone to get you. He's a really nice guy. He doesn't know how to give piggy back rides correctly however. The shoulder is not your back. 

 

 

Also asking questions isn't bad plus if you have these questions chances are someone else does also. Even if they're too shy to ask.

Edited by Guneddown

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I was hoping you could help me figure this out.

On GUIminer, I get two options for device...

[0-0] Turks

[0-1] AMD FX(tm)-8120 Eight-Cor

 

You told me to pick my Graphics card which is Radeon HD 6670

Have I encountered a problem or is my Graphics card the first option?: [0-0] Turks

I am currently updating my Graphics card to see if that makes GUIminer list Radeon HD 6670 as an option.

Any suggestions on what I could try doing?

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ummm...... try selecting turks then starting the miner. If you get a hash rate around 100 then that's your Graphics card. Otherwise, I honestly have no clue.

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Alright. Thanks for the help!

I haven't tried running the miner because I am currently waiting for the bitcoin wallet to "Synchronize with the server"

Started at over 200,000 blocks and I am now down to around 30,000 :D

As soon as I am done, I will give you an update on how it worked out.

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Alright, I am back.

Information from https://mining.bitcoin.cz/stats/

So far I have been able to mine 0.00003767 BTC in 2 days...The fist day I got 5 shares and only got 0.00000010 BTC. The first 2 of the 5 shares being 0.00000010 BTC and the other 3 shares giving me 0.00000000 BTC. Which I find a bit odd, but I will just deal with it for now. On my second day, I managed to mine another 5 shares. The first 3 shares gave me 0.00000000 BTC again. :mellow: 1 share gave me 0.00003757. :)  Which was by far better compared to the others. The lowest send threshold appears to be 0.01, so I am not going to be getting bitcoins to my wallet any time soon.

 

I am currently forced to use my CPU because GUIminer doesn't recognize my GPU. My CPU seems to be mining at a rate of over 800 khash/s. I am currently looking into fixing the GPU issue. I have read that I need to download this http://developer.amd.com/tools-and-sdks/heterogeneous-computing/amd-accelerated-parallel-processing-app-sdk/. However, I have been having trouble downloading it with my browser. It seems to stop mid download.

 

Anyway, Thanks for all the previous help! Also, if Bitcoin works out for me, I will be donating to ADK. Although, I don't think it will be anytime soon. Due to the slow mining...

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Alright, I am back.

Information from https://mining.bitcoin.cz/stats/

So far I have been able to mine 0.00003767 BTC in 2 days...The fist day I got 5 shares and only got 0.00000010 BTC. The first 2 of the 5 shares being 0.00000010 BTC and the other 3 shares giving me 0.00000000 BTC. Which I find a bit odd, but I will just deal with it for now. On my second day, I managed to mine another 5 shares. The first 3 shares gave me 0.00000000 BTC again. :mellow: 1 share gave me 0.00003757. :)  Which was by far better compared to the others. The lowest send threshold appears to be 0.01, so I am not going to be getting bitcoins to my wallet any time soon.

 

I am currently forced to use my CPU because GUIminer doesn't recognize my GPU. My CPU seems to be mining at a rate of over 800 khash/s. I am currently looking into fixing the GPU issue. I have read that I need to download this http://developer.amd.com/tools-and-sdks/heterogeneous-computing/amd-accelerated-parallel-processing-app-sdk/. However, I have been having trouble downloading it with my browser. It seems to stop mid download.

 

Anyway, Thanks for all the previous help! Also, if Bitcoin works out for me, I will be donating to ADK. Although, I don't think it will be anytime soon. Due to the slow mining...

 

 

Considering you managed to get your dick stuck in the ceiling I am amazed by how much you've done. Have you tried the in browser thing? It might find it. I would stop mining until you find out the problem. Mostly because even 0.00003757 isn't even worth the 1% of your network it's taking up.

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1) what is the bitcoin backed by?

2) what exactly is my computer doing to "mine" bitcoins?

3)how do I turn this e-currency into real money with a face value.

4) How long does it take the average gaming rig (see signature) to make one bitcoin.

its not backed by anything not even a promise from the government, which is why the price is so volitle, if bitcoin just ceased to exist, the bitcoins would be usless.

 

the coimputer "mines" by calculating hashes (very much like cyptography) the more hashes per second you can do th emore likely you are to find a block that has the coins in it.  its akin to each hash is like a lotto ticket and each "block" that has coins in it are the prize, so you can see dedicated rigs spar MUCH better and WAY more efficiant, its not really viable or cost effective to do it on your own, especially without VERY specialised equipment known as ASIC's that are in bitcoin miners they usually always out perform even very high end systems for a fraction of the cost, and even less energy consumption. 

 

the calculation is in hashes per sec, so 15-20 mega hases per second (Mh/s) is generally seen in most decent store bought computers, some fairly high end gpu calculationgs with really good setups can get to maybe 500 or so Mh/s but a asic miner that costs WAY less to run in energy (a huge factor since these need to run 24/7 full blast, or darn close) can reach 5Gh/s upto around 65gh/s  (thats right Giga-hashes).

 

http://www.butterflylabs.com/  those do around 50Gh/s for only 2500 bucks, I spent 4K on my computer (see the specs) and although i have not tried it (due to the un-viability of it) I could bearly hope for a MAX of around 500Mh/s with a titan, and imagine running my cpu and gpu at full blast 24/7 the power consumption and wear and tear on a 1K gpu and 500 dollar CPU and mobo.   the gtx was designed for several hours of gaming a day or every few days, now the 4000 dollar K20X GPU which the titan was built after was designed to run for longer times.

 

and their is also the added cost of having to upgrade fairly often due to the fact that the "difficulty" of the hashes increase as the average proccessing of them goes up, inorder to keep things constant. meaning that the longer you use the same equipment the lower it will perform.

 

the process of doing it in groups will result in more payouts but at a less amount, sometimes VERY low amounts. its usually based on how much you contribute in terms of Mh/s etc.  BUt as a group its like having several Gh/s or even a few hundred Gh/s but keep in mind that the coins get split up.

 

tranfering it to cash is not to difficult there are web sites that can transfer it to your bank, or even people that buy them locally.

 

there are a few places in metro areas that may take them in some way as a form of payment. as well as online retailers (some)

 

due to the nature of the bitcoin, its not really a currency as it is an investment of sorts, with its value fluctuating based on how many of them are "in the market"

 

another thing about the miners is that they are genearlly manufactured in waves due to the need to change the architecture to keep up with the increased diffaculty.  That leads to wait times of pre orders of 2 months or even longer.  which ALSO leads to inflated ebay prices for the unit when they get it. (check ebay)

 

if you really want to actually make money, pre order the units, then sell them on ebay.  the people trying to mine, are the suckers that the people actually making any money are getting it from. (just they way it works.)

 

I do not partake also bitcoins have a kind of bad rap from the fact they are VERY annonymous in nature, and also can easily stolen or lost. for exapmle if you do not encrpyt your wallet, you can get all your funds stolen, its recommeded to use more than one wallet as to not have all your eggs in one basket.

 

and if you lose or forget your password, you will NEVER see those funds again unless you find the password (there is no password recovery)

 

due to the anonymity of bitcoins, they also get used for illegal goods quite often.

 

some places do not even allow the discussion of bitcoins lol.

 

 

you can try and if you have a spare computer or two give it a try, it may be a day before you get any coins, or 6 months. you can also get more detailed info from the various wikis etc that are made about it. but unless jumping on in the early stages (too late) you may not get rick quick :/

 

joining a pool you may be able to make a few bucks but some get WAY techncial with it, monitoring power usage etc, (if you spend more in electricty than you bring in, its not very viable is it).

 

hope that's an fairly easy to read and understand post, since its my first real post :)

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https://bitcointalk.org/index.php?PHPSESSID=ag2tsu2njoh37pmjcd3tauoj31&topic=142270.0

 

Correction now, after calculating about what I could do its more like 250 or so Mh/s

 

also AMD gpus were in mind when the program was designed so in general AMD gpu's are a bit better. Also this kind of processing is not based on FPU's like nvidia is designed around its integer/logic ops

 

https://bitcointalk.org/index.php?topic=163750.0

Edited by Field_Sweeper

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its not backed by anything not even a promise from the government, which is why the price is so volitle, if bitcoin just ceased to exist, the bitcoins would be usless.

 

the coimputer "mines" by calculating hashes (very much like cyptography) the more hashes per second you can do th emore likely you are to find a block that has the coins in it.  its akin to each hash is like a lotto ticket and each "block" that has coins in it are the prize, so you can see dedicated rigs spar MUCH better and WAY more efficiant, its not really viable or cost effective to do it on your own, especially without VERY specialised equipment known as ASIC's that are in bitcoin miners they usually always out perform even very high end systems for a fraction of the cost, and even less energy consumption. 

 

the calculation is in hashes per sec, so 15-20 mega hases per second (Mh/s) is generally seen in most decent store bought computers, some fairly high end gpu calculationgs with really good setups can get to maybe 500 or so Mh/s but a asic miner that costs WAY less to run in energy (a huge factor since these need to run 24/7 full blast, or darn close) can reach 5Gh/s upto around 65gh/s  (thats right Giga-hashes).

 

http://www.butterflylabs.com/  those do around 50Gh/s for only 2500 bucks, I spent 4K on my computer (see the specs) and although i have not tried it (due to the un-viability of it) I could bearly hope for a MAX of around 500Mh/s with a titan, and imagine running my cpu and gpu at full blast 24/7 the power consumption and wear and tear on a 1K gpu and 500 dollar CPU and mobo.   the gtx was designed for several hours of gaming a day or every few days, now the 4000 dollar K20X GPU which the titan was built after was designed to run for longer times.

 

and their is also the added cost of having to upgrade fairly often due to the fact that the "difficulty" of the hashes increase as the average proccessing of them goes up, inorder to keep things constant. meaning that the longer you use the same equipment the lower it will perform.

 

the process of doing it in groups will result in more payouts but at a less amount, sometimes VERY low amounts. its usually based on how much you contribute in terms of Mh/s etc.  BUt as a group its like having several Gh/s or even a few hundred Gh/s but keep in mind that the coins get split up.

 

tranfering it to cash is not to difficult there are web sites that can transfer it to your bank, or even people that buy them locally.

 

there are a few places in metro areas that may take them in some way as a form of payment. as well as online retailers (some)

 

due to the nature of the bitcoin, its not really a currency as it is an investment of sorts, with its value fluctuating based on how many of them are "in the market"

 

another thing about the miners is that they are genearlly manufactured in waves due to the need to change the architecture to keep up with the increased diffaculty.  That leads to wait times of pre orders of 2 months or even longer.  which ALSO leads to inflated ebay prices for the unit when they get it. (check ebay)

 

if you really want to actually make money, pre order the units, then sell them on ebay.  the people trying to mine, are the suckers that the people actually making any money are getting it from. (just they way it works.)

 

I do not partake also bitcoins have a kind of bad rap from the fact they are VERY annonymous in nature, and also can easily stolen or lost. for exapmle if you do not encrpyt your wallet, you can get all your funds stolen, its recommeded to use more than one wallet as to not have all your eggs in one basket.

 

and if you lose or forget your password, you will NEVER see those funds again unless you find the password (there is no password recovery)

 

due to the anonymity of bitcoins, they also get used for illegal goods quite often.

 

some places do not even allow the discussion of bitcoins lol.

 

 

you can try and if you have a spare computer or two give it a try, it may be a day before you get any coins, or 6 months. you can also get more detailed info from the various wikis etc that are made about it. but unless jumping on in the early stages (too late) you may not get rick quick :/

 

joining a pool you may be able to make a few bucks but some get WAY techncial with it, monitoring power usage etc, (if you spend more in electricty than you bring in, its not very viable is it).

 

hope that's an fairly easy to read and understand post, since its my first real post :)

Why you bought a Titan baffles me but that's beside the point right now. What I did want to say is butterfly labs and pretty much all ASIC are "pre-order" to my best knowledge only one ASIC model has ever shipped and I forget which company it was that did it.

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I bought a titan because I wanted the best of the best :)

 

I am not sure if any actually have shipped or not, I am pretty sure they have, its just that they come in waves so the next time you order your waiting. lol

 

but I don't partake in mining, the effort and strain required result in way to little return for me.

 

in other words bitcoin mining seems to have a really low ROI, at least currently

Edited by Field_Sweeper

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