Quote from: deadweasel on November 27, 2013, 04:06:01 PM

Quote from: zongo on November 27, 2013, 04:03:38 PM

Greetings Guys;

I have just started mining as of today

The reason is I bought a new rig 2 weeks ago and thought i would put it to good use.
Though, after reading, it looks like I dont have the correct hardware for it. Dont matter, as i dont really expect much out of mining:)
I have been reading about mining for a couple of hours and I have to say that I have understood some of it (main points). The rest was quit difficult to grasp; still very interesting concept and i think very much inline with the current state of the world.
I have subscribed to this forum in search of new friends in the bitcoin community and also if I can be of any help dont hesitate to contact me.
This is my hardware:
G750JX
ram: 16G
Processor: i7 4700 @ 2.40
GPU: GTX 770M

I meant to install linux on it but unfortunately I run into compatibility issue so I am sticking with win 8.1 for the moment.

Soft for mining 'guiminer': Read that it was ok for newbies
Soft for my wallet 'multibit'. Dont know if thats an ok soft but hope so

Anyways, enough of babling on my side and thank you to all for all your time.

zongo

Your best bet is to sell the computer and gear and buy bitcoins and hold them for 5 years. Otherwise you will realize a loss, almost guaranteed.

Sad but true. Unless you have free power and a lot of infrastructure in place, you're not likely to even break even. That said, screw it, mining is still fun. I'm currently mining BTC with a couple Blue Fury sticks. I lucked into a deal on Ebay and got them at just over $100 each. My machines are already on 24/7 for work, so sticking these in the back hasn't added to my power bill in any noticeable manner. And they're slowly raking in the BTC. Unless they burn out in the next few months, I figure I may break even with the way BTC has been going up.

Your other option is to mine one of the alt coins like Litecoin. The scrypt algorithm is more friendly toward CPU and GPU than BTC mining. Note that with an Nvidia card you'll probably want to look into Cudaminer.

Good luck. And have fun.