Cryptocurrency
So do you still mine?TPRJones wrote:As to mining, it's best to join a pool. I'm part of Deepbit.net, and I used to get about 0.01 per day for my meager CPU activity when my computer was idle. Time to fire that up again, now that that's almost $5 a day.
I added my home server to a pool today for the hell of it.
It's not me, it's someone else.
I do. I have a process that starts up on my main machine every weeknight after I've gone to bed and is killed in the morning before I get up. That's typically only about 6 hours a night and I don't have it set up to fire up the GPU so it's CPU only and thus not very many cycles. I'm running it as part of deepbit.net and typically I get 0.02 bitcoins a month out of it. If I didn't already have the system on and drawing power I'd probably not bother.
To really do a lot in mining you need a dedicated powerful rig or access to a big network of zombies. But as the price of bitcoin keeps rising even the little things like mine start to become worthwhile.
Edited By TPRJones on 1386097534
To really do a lot in mining you need a dedicated powerful rig or access to a big network of zombies. But as the price of bitcoin keeps rising even the little things like mine start to become worthwhile.
Edited By TPRJones on 1386097534
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
Oh, in the post you quoted I should have said 0.001 per day. I dropped a zero. It's down by about 60% since then because I'm a smaller portion of the growing pool than I was, and the pool is hitting less often as the mining of bitcoins continues to grow (at a faster rate than the semi-defunct pool of which I am a part).
I should probably find a new pool that's more active than deepbit has been since March, but I'm too lazy to go looking for one.
I should probably find a new pool that's more active than deepbit has been since March, but I'm too lazy to go looking for one.
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
TheCatt wrote:Does 187 Mhash/s.
Ah. I'm typically running closer to 7 Mh/s, I think. Much slower.
As to $20 per month, we'll see. I pretty much ignore those coins as they dump into my home wallet whenever I accumulate 0.1 of them and I'll probably forget to do anything with them for a couple of years. With a little luck they'll be worth even more by then.
Get rich quick? No. Get rich slow? Probably not. Have a surprise wad of cash for a trip to Vegas in two years? Maybe.
Edited By TPRJones on 1386098054
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
I'm pulling out of MtGox. An comments on Coinbase as an option for converting to USD? Have you had a successful withdrawal? What methods do they use and what's their fees? I see lots of info on their site (before signing up, at least) about buying bitcoins, but little about USD withdrawals.
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
USD withdrawls on Coinbase (my referral URL, if you every buy any BTC there) work well. They are direct to bank account, so they need your bank account information. Purchases take 4 business days until you get instant purchase ability (which requires giving them a lot of personal information, and waiting 30 days). I did the instant bank account verification (they need your userid and password, or you can wait a few days and do the deposit verification scheme).
Withdrawls take about 2 days in my experience.
Coinbase appears to be based in the US, backed by some VC firms, etc. So they appear more reputable than the foreign exchanges to me. So far I have had no issues with them.
Fees are 1% for buying and selling, plus $0.15 bank fee.
Withdrawls take about 2 days in my experience.
Coinbase appears to be based in the US, backed by some VC firms, etc. So they appear more reputable than the foreign exchanges to me. So far I have had no issues with them.
Fees are 1% for buying and selling, plus $0.15 bank fee.
It's not me, it's someone else.
I've seen various Bitcoin miners on ebay. Some are USB devices.
They seemed like a bad investment though, because if the seller thought he could make money with them (at his cost) why sell them?
Also, 96,000 Bitcoins were stolen:
http://www.newrepublic.com/article....etplace
They seemed like a bad investment though, because if the seller thought he could make money with them (at his cost) why sell them?
Also, 96,000 Bitcoins were stolen:
http://www.newrepublic.com/article....etplace