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This thread is broken.
Clicking page 7 always takes me to page 6.
Viva le repeat
How long does it take to mine one bitcoin on a 7970 or above (on average)?
This thread is broken.
Clicking page 7 always takes me to page 6.
Viva le repeat
It won't. There are committees meeting today to discuss the future of Bitcoin in the US. The fervent buying right now is because (some of this is speculative) China is trying to take control of Bitcoin and gain a majority of the Bitcoins that have been generated. The Chinese interest is believed to be a play on gaining future inroads in mineral rich Africa as well as to try and get a jump on a world currency that is not dollars.
The US Government has the power to shut down Bitcoin at any time by declaring it a currency. Its use to purchase illegal drugs and for money laundering have likely all ready made it a target.
The FBI is in possession of something like 200,000 bitcoins as a result of the Silk Road bust, so perhaps tax dollars are being spent to surge the bitcoin price up so that these coins can be liquidated for a huge profit.
It won't. There are committees meeting today to discuss the future of Bitcoin in the US. The fervent buying right now is because (some of this is speculative) China is trying to take control of Bitcoin and gain a majority of the Bitcoins that have been generated. The Chinese interest is believed to be a play on gaining future inroads in mineral rich Africa as well as to try and get a jump on a world currency that is not dollars.
The US Government has the power to shut down Bitcoin at any time by declaring it a currency. Its use to purchase illegal drugs and for money laundering have likely all ready made it a target.
The FBI is in possession of something like 200,000 bitcoins as a result of the Silk Road bust, so perhaps tax dollars are being spent to surge the bitcoin price up so that these coins can be liquidated for a huge profit.
edit: I'm still mining bitcoin using video cards for a super healthy profit
I wouldn't mine bitcoin direct. You do much better mining scrypt coins. Try middlecoin.com. It switches to the most profitable scrypt coin, converts to BTC, and deposits BTC into your wallet. I make ~$4-5 a day on a single 7950 at current exchange rates. ~$1-2 at lower rates.
I wouldn't mine bitcoin direct. You do much better mining scrypt coins. Try middlecoin.com. It switches to the most profitable scrypt coin, converts to BTC, and deposits BTC into your wallet. I make ~$4-5 a day on a single 7950 at current exchange rates. ~$1-2 at lower rates.
The only thing I can say is, I mined bitcoin when it was at $5.00 a coin. I mined 80 coins, and forgot about them. I am now freaking rich, and will be able to pay off my 30 year mortgage soon LOL.
SELL! SELL!! SELL!!! That said, I heard that it can be expensive to convert Bitcoins to cash. I have no experience with them, so I don't know what the fee is.
The only thing I can say is, I mined bitcoin when it was at $5.00 a coin. I mined 80 coins, and forgot about them. I am now freaking rich, and will be able to pay off my 30 year mortgage soon LOL.
About 64,000... a good payday for sure but don't forget about Uncle Sam's cut...
For that kind of untraceable investment, I would seriously consider taking a Caribbean vacation just to make a cash withdrawal. Or maybe Ireland, that's where Apple and Google like to launder their profits isn't it?
aaaannd how much electricity are you consuming per day to power your computer and GPU to mine that much per day?I wouldn't mine bitcoin direct. You do much better mining scrypt coins. Try middlecoin.com. It switches to the most profitable scrypt coin, converts to BTC, and deposits BTC into your wallet. I make ~$4-5 a day on a single 7950 at current exchange rates. ~$1-2 at lower rates.
or invest in a precious metal or silver/goldFor that kind of untraceable investment, I would seriously consider taking a Caribbean vacation just to make a cash withdrawal. Or maybe Ireland, that's where Apple and Google like to launder their profits isn't it?
1% on coinbase
For that kind of untraceable investment, I would seriously consider taking a Caribbean vacation just to make a cash withdrawal. Or maybe Ireland, that's where Apple and Google like to launder their profits isn't it?
aaaannd how much electricity are you consuming per day to power your computer and GPU to mine that much per day?
I tired to mine litecoins a few days ago, I have just a single 7950 but figured any profit would be nice. I was getting a 40-50% stale rate. I would really like to get into this and see how it goes but I'm totally lost.
I tired to mine litecoins a few days ago, I have just a single 7950 but figured any profit would be nice. I was getting a 40-50% stale rate. I would really like to get into this and see how it goes but I'm totally lost.