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Showing 7 of 7 results by SoundMoney4aFreeSociety
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Board Beginners & Help
Re: Introduce yourself :)
by
SoundMoney4aFreeSociety
on 06/02/2012, 23:10:50 UTC
Joshwaa...I don't really have a farm set up yet I have a three gaming pc's that will be running part time here soon...I have resources and capital I just am not tech savvy I build gaming pc's for fun but other than that I'm really limited on what I can and can't do when it comes to computers...I don't want to waste any resources until I figure out the best and most cost effective way to start mining...A lot of the security issues are way over my head as well a hacker could kill me and take my stuff fairly easy I'm pretty sure and I wouldn't even know what was going on until after it was gone so i've been spending some time trying to read all the information available so that I won't do anything foolish without really understanding... do you have recommendations on a trusted e-wallet for bitcoin because once i get that i am interested in investing...and do you have any suggestions on how to set up the farm...I would like to spend as little as possible so I was thinking about getting a workbench set up with like 10 am3 mobo's then 10 sempron processors and the only thing I really want to spend money on is the PSU's so i'm using as little energy as possible and graphics cards was thinking i'm gonna go with 5850's have you heard of set ups like i'm describing doing pretty well from the graphics card guides i figured running 10 of these pc's all on box fan cooling(I also live in the high desert so its cold and dry coolign shouldn't be any issues especially with running only one GPU per system to start) I thought I would be getting a little over 5 MH/s??? any suggestions or ideas are appreciated like i said i am not going to pretend to know what i'm doing I can build a bad a$$ gaming pc built this mining thing is a whole different ballgame!  I am also curious about those FPGA boards but I don't really understand anything about them and I have asking questions that I can look up the answers to myself but I just havne't gotten around to looking into what these boards are and what they do because I am busy busy busy!
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Topic
Board Beginners & Help
Re: Litecoin and ARM CPUs: A crypto-currency you can mine on the $25 Raspberry Pi?
by
SoundMoney4aFreeSociety
on 06/02/2012, 16:22:10 UTC
Right on well I'm learning...Its nice that i asked a question and didn't get smashed on for it...this seems like a good community!
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Board Beginners & Help
Re: Introduce yourself :)
by
SoundMoney4aFreeSociety
on 06/02/2012, 16:20:30 UTC
Nice to meet all of you too....That is impressive Joshwaa
3 more hours to kill lmao! Huh
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Topic
Board Beginners & Help
Re: Bitcoin Businesses and Developers, Let's Get Started!
by
SoundMoney4aFreeSociety
on 06/02/2012, 05:54:25 UTC
We're interested in establishing a business grounded in providing helpful information and guidance to the layman interested in investing in the bitcoin market (you can call it a trust fund). We'd like to have a website built and moderated ASAP; wherein we'll manage a blog that our investors can reference to learn more about the day-to-day activities within bitcoin's economy. Before long they should look no further than the television news, but a blog will suffice for a multitude of needs.

In addition to those services, we've set goals to establish a business that can be funded initially by private investors, followed by an IPO on the GLBSE. More to come from that.  Wink

Thanks for considering us businesses!

Coinvestor Team

I like the idea of helping layman's you need to think about two things however that not only are their layman's in technologically speaking but economically as well...help people with both sides of the equation to see the big picture..
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Topic
Board Beginners & Help
Re: Litecoin and ARM CPUs: A crypto-currency you can mine on the $25 Raspberry Pi?
by
SoundMoney4aFreeSociety
on 06/02/2012, 05:51:18 UTC
wouldn't the processing power be too insignificant to prevent counterfeiting and keep the crypto-currency secure...from my understanding the amount of processing power it takes to make a block is part of the security and keeps it rare if it were easy to make blocks it really would be no different than a video game currency people would trade for physical items that is all good when you want a game currency to play the game with but once the game is over its valueless unless you can sell your character and goods for cash you can spend outside the game...and even then it would lack liquidity which all currency must have!
I dont know maybe i'm way off base here but my technical knowledge is very limited and i'm more interested in bitcoin because i'm a fan of economics and the Austrian economics school of thought...
I have a question if i built miners with an APU's combined with GPU's would that increase a MH/s rate with any significance that would be cost effective
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Topic
Board Beginners & Help
Re: Trust No One
by
SoundMoney4aFreeSociety
on 06/02/2012, 05:42:38 UTC
This is good information for newbs to consider and should be first and foremost...I want to start mining I realize i won't make much if anything but I want to contribute because the goal is good I also am interested in investing in bitcoin but am hestitant because my computer literacy is limited i understand hardware and building pc's not much more than that any idiot with google can build a pc or miner as I can demonstrate lmao but to keep everything secure is where I am a little iffy so I am going to take my sweet time figuring the secuirty measures out before I take a plunge and start doing anything with bitcoin...thanks for the info
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Topic
Board Beginners & Help
Re: Introduce yourself :)
by
SoundMoney4aFreeSociety
on 06/02/2012, 04:58:28 UTC
My name is....well lets just say I'm an advocate for sound money and a believer in the Austrian school of economics...Anyways i'm glad to be apart of your community and will be happy to talk politics and economics on here as that is my area of expertise and I'm hoping in exchange that I can learn some technical things about how bitcoin works and getting my miners running as efficiently as possible... I don't want to make money(it would be nice)but i'm more interested in how this will collectively help society as a whole and am interested in starting a non-profit bitcoin venture...