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Yes the value fluctuated like a stock, so there is risk that you won't be making the current $14 per coin in the future. There's also a chance you could make more, but supply is increasing faster than demand so I don't see that happening.It seems the valuation of Bitcoin varies wildly. To quote The Curious Capitalist from Time Magazine, June 29, 2011:
Full article here:
http://curiouscapitalist.blogs.time.com/2011/06/29/bitcoins-does-an-internet-currency-mean-the-doom-of-the-dollar/
Is this the new furmark?
I would recommend doing this on a system that won't be used at all. I killed two cards, on one card I was just browsing the internet when it failed. My brother also killed his 5750, but that was running constantly at over 100 degrees Celsius.
I find it hilarious that I sold each of my 5870's for more than a 6970's retail value and yet the 6970's perform better. Sense? Bitmining makes none.
Right now the 5770 and 6770 provide the fastest turn around for your money... just a FYI. Tweeked they do 220 Mhash a sec and only cost 94 bucks AR on newegg. the $129 5830 is right behind them, but eats more electricity.
I would still go with the 5830 as being the best performer for the price. It will do over 300Mh/s easily.
When pricing cards don't forget to factor in PCIE slots. Once you're full, you're full. Good price/value or not it's a new rig if you want more.
And yeah as someone said... looks like a coming difficulty increase...
It seems the valuation of Bitcoin varies wildly. To quote The Curious Capitalist from Time Magazine, June 29, 2011:
Full article here:
http://curiouscapitalist.blogs.time.com/2011/06/29/bitcoins-does-an-internet-currency-mean-the-doom-of-the-dollar/
Only problem with the 5830 is power consumption. It's almost that of a 5850 which can also out due it. Though 5850's are hard to find unless used. Newegg/Chiefvalue has had some 5830's in stock.
I still agree with SulSeeker and say that the 5770/6770 is the best valued card atm.
You will only get around $3 per card, that might be worth it, but it was nothing compared to $12 a day around a month ago. I have stopped since it just doesn't seem worth the noise, heat or worry of breaking a card, especially for only $2-3 a day.I'm gonna try this out for a month on a single 6970 and see if it's worth the increase in the electricity billand if so go run it on both 6970s.
Thx for the comparison.
If your killing cards its because your running them way over the temp threshold or using a cheap power supply. Invest in better cooling and a better power source or don't mine.
Pst, your fanboy is showing.On the flip side, if you need a gaming card, Nvidia's the way to go... they're all in stock at the moment.
And over half of it is held in 1 mining pool.
SA literally halved the value of Bitcoins in one day by just posting various "SELL SELL SELL!!!" topics in various forums.
Think about this the next time you decide to invest in what is basically internet monopoly money.
And here comes the armchair economist cavalry![]()
Looks like now isn't the time to really get into the game as far as difficulty increase and the amount of people that will begin mining now.
currently mining at 1800 mhash with 5 6950/6970's, someone should start a bitcoin thread....
My cards were not over the threshold. When my last one died it was running at 68 degrees Celsius. The max I ever saw it reach was 76. And my power supply is a seasonic 850w, I doubt that's the issue. It could also be that MSI cards are just made of cheap components, but I don't know. I'm just saying it may not be a good idea to mine on the pc you use everyday or just do it while you're sleeping or at work. You can't even play a video on your computer without the whole computer freezing with a 6900 card.
makes me wish amd would just bite the bullet and use the cuda/opencl apis to dev their own compatible gaming physics platforms, even porting physx directly would give them so much leverage over nv the way things are going right now. most gamers can't really see the advantage in buying amd when they get left out of key features, what good is a blazing fast card when you don't get the eyecandy? nvidia is hanging on a thread here, such wasted opportunity for competition.
Now, I've read about this bitcoin before and still don't quite understand it fully. Maybe someone can give me a quick summary about it.
1.) How do you earn money? Or, more specifically, where does the money come from?
I know you can't create money from nothing yet I see it's possible to convert bitcoin to real currency.
You mine coins, then transfer the coins to a site like mtgox and from there sell for USD
2.) I see that bitcoin is similar to folding, is that entirely true?
I suppose it is similar in some ways.
3.) Importantly, is this even legal? Taxable even?
It's legal.
4.) Can you purchase with bitcoin alone?
Yes, lot's of stores selling bitcoin related items/hardware accept bitcoins in payment
5.) How does this even affect video card pricing? I've seen a few posts here on [H] mention that bitcoin crashed/hurt the video card market or something along those lines.
5000 series went up but has seem to settled now, 6000 series has also gone up from what i've seen.
Thank you.
Kyle, can you please explain how you were able to get GPU-Z to run while using GUI Miner? Every time I try it locks up my system.
I would recommend doing this on a system that won't be used at all. I killed two cards, on one card I was just browsing the internet when it failed. My brother also killed his 5750, but that was running constantly at over 100 degrees Celsius.
Not really. It's hotter than "typical gaming" yes, but not as much as Furmark. Bitcoin mining is somewhere in between.
wait wait, we can make money with our massive beasts of machines(provided they AMD)? man and here i was thinking i just spent money on em >< lol. Guess i'll have a reason to keep my machines running now when i'm afk![]()
Kyle, can you please explain how you were able to get GPU-Z to run while using GUI Miner? Every time I try it locks up my system.
Answers based on what I think are in blue.
Actually, in many cases, downclocking the memory results in higher hashing speeds. The prevailing theory is that it's due to the latency being lower on the slower clocked memory.