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Showing 19 of 19 results by TKHatch
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Board Beginners & Help
Topic OP
UK Riots
by
TKHatch
on 09/08/2011, 23:11:15 UTC
Now they have vigilante groups on the streets of the UK protecting their homes and businesses.
http://pictur.eu/londonriots/vigilante-groups/ 
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Topic
Board Beginners & Help
Re: Mined my first coin!
by
TKHatch
on 01/08/2011, 14:03:38 UTC
@TS: Why don't you put her in the basement, like any good husband would. The mining rig I mean, of course Wink
  Cheesy
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Topic
Board Meta
Re: Rankings
by
TKHatch
on 31/07/2011, 09:34:54 UTC
Just what I wanted to know thanks.  Wink
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Topic
Board Meta
Re: Forum Login passwords not protected
by
TKHatch
on 31/07/2011, 09:31:54 UTC
Smells fishy to me.
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Topic
Board Economics
Re: A Visualization of US Debt
by
TKHatch
on 31/07/2011, 09:26:16 UTC
He is right, both parties would be considered 'right-wing', here in Britain anyway.

The part about "Liberalism, is considered to be a right wing ideology in Europe." is wrong but both parties are 'right-wing' whether they call themselves liberal or not. 
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Topic
Board Mining
Topic OP
Overclock over 900Mhz
by
TKHatch
on 30/07/2011, 23:59:38 UTC
How do I take my ATI 5870 over 900 with MSI Afterburner.

I see other people on here that have theirs running at over 900 but that is the max MSI Afterburner will allow me to go up to?

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Topic
Board Beginners & Help
Re: Mined my first coin!
by
TKHatch
on 30/07/2011, 23:25:35 UTC
OK so I compromised with the Wife.

I have my 5870 running at around 275Mhash/s.

With flags set to -v -w128 -s0.01 Note the -s for throttling the card.

My card clock and Mem is 900/900 Fan: 44% Temps: 74%.

That way it's not to hot, nor to loud, everyone's happy.

[edit] Image tags aren't working?  Huh


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Topic
Board Beginners & Help
Re: Is it worth it?
by
TKHatch
on 30/07/2011, 23:06:33 UTC
Did your calculation include fees?
No I didn't take fees into account  Undecided

I am in the process of assembling an economical mining rig at a cost of approx. $725 with an output of 1125 or more Mhash.
What hardware?

I view it as a hobby as much as anything.
A hobby? But there's not much to do once it's all set up.



I think what I am going to do is wait for the 7000 series cards to come out then reassess the situation.


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Topic
Board Marketplace
Re: For sale 4 fantastic BTC related domains, might be worth a fortune in 1 year
by
TKHatch
on 30/07/2011, 02:07:38 UTC
100BTC nearly $1400, crazy.

I did a little search and I found so many better domains similar to yours that I could get for $15 a year.

btcmoney.net
btcoins.net
btctechnology.net

Maybe you should offer them for around 2 or 3 BTC each at most.
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Topic
Board Beginners & Help
Re: Is it worth it?
by
TKHatch
on 30/07/2011, 01:04:29 UTC
And even more if the prices goes up.

That argument works both ways. But by the very nature of Bitcoin the price should certainly go up.

In my humble opinion, anything that requires more than 2/3 months to pay the initial investment isn't not worth it. Difficulty is increasing which will extend those 8 months indefinitely.

Also: the 7000 series should be out soon and your hardware will become outdated.

PS: here's a calculator that estimates difficulty to help you with your choice: http://forum.bitcoin.org/index.php?topic=26751.0

That's what I was thinking. If it takes over 8 months to pay off then is it worth it. Considering when I do start taking profit it won't be much.
Maybe I should wait for the 7000 series, but to be honest they would have to use 50watts a piece to make them profitable in my part of the world.
If the hash rate increases it would just be cancelled out by a rise in difficulty due to blocks being completed quicker across the network.

So realistically, unless electric comes down in price or Bitcoins increase in value, this isn't a valid investment opportunity really is it?

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Topic
Board Beginners & Help
Topic OP
Is it worth it?
by
TKHatch
on 30/07/2011, 00:34:28 UTC
If the price of a Bitcoin remains around $14 then is it worth buying a mining rig?

What I am thinking...

I was going to build two mining machines costing in total £2'500 (or around $4'100).
The builds' consist of six 6970s so I would be aiming to achieve a combined hash rate of around 2400 mhash/s .

My electric is charged at 12 pence (around 20 cents) per kilowatt hour.
My six GPUs will use around 200 Watts each. So that's 1.2kWh for them, plus, say another 0.2kWh for the two machines.

So that gives me a total of 1.4kWh. So now it's just a case of multiplying the amount of kilowatt hours by the amount I pay for my electric.

1.4 x 0.12 = 0.168

That means I'll be paying around 17 pence an hour, that's £4.08 a day, £28.56 a week and around £114.24 a month.

So considering my hash rate I should earn around £420 (or $700) a month on average.

That leaves me with an estimated £300 a month profit. It would take 8 months just to pay back my start-up costs.

Is it worth going ahead and buying the components or would you say that with the price of electric where I live it isn't worth it.

I suppose what I am really asking is, are these sort of margins acceptable and if you had access to the money would you go ahead with the above plan?

Please help I can't decide.
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Topic
Board Beginners & Help
Re: Internet connection dying
by
TKHatch
on 29/07/2011, 23:04:14 UTC
Stop mining with a laptop for a start.  Roll Eyes

I know that when my ISP wants to do upgrades they do so early hours, have you contacted your ISP?

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Topic
Board Beginners & Help
Re: Mined my first coin!
by
TKHatch
on 29/07/2011, 12:10:02 UTC
I wrote that whilst I was stoned so it may not make much sense.  Roll Eyes

Was trying to say I'll quit my marriage rather than mining, I love it.  Tongue
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Topic
Board Beginners & Help
Re: How long till BitCoins become outlawed?
by
TKHatch
on 29/07/2011, 00:18:35 UTC
I don't think it could be made illegal in the UK.

Well if it did the law would also apply to the Brixton Pound and many other regional currencies in the UK.
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Board Beginners & Help
Topic OP
Mined my first coin!
by
TKHatch
on 29/07/2011, 00:13:05 UTC
Today I mined my first whole Bitcoin. I know I'm taking all the credit when really I should be thanking my 5870, but she's a been a bit hot and bothered recently so I'll congratulate her later.

Crazy I know. But I have a feeling if my GPU could actually be angry with me it would be right now. More so than that time I stayed up for 24 hours playing Crysis. But to be honest on that one,  if I was standing next to my GPU (albeit in a life like human conscious form) - stay with me - she would probably shake my hand. Having enjoyed every minute of the splendid graphics Crysis had to show her.

If knowing that my GPU would hypothetically be angry with me isn't enough to worry about, the wife hates the noise and heat that my poor 5870 throws out whilst she's mining.

So I have no choice but to quit. It was short and sweet, I probably lost more than I gained, didn't really learn anything useful but hey, they say not all marriages work out.

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Topic
Board Beginners & Help
Re: Hello Bitcoin forum!
by
TKHatch
on 28/07/2011, 22:48:49 UTC
Sorry to hijack the thread, but what form of payment do the exchanges accept if they don't accept card payments or Paypal?



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Topic
Board Beginners & Help
Re: What's your Mhash/s? (Pissing contest here)
by
TKHatch
on 26/07/2011, 22:03:36 UTC
5870 > CORE: 900Mhz, RAM: 1225Mhz @ 395 - 408Mhash/s 
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Topic
Board Beginners & Help
Re: List of Legal and Illegal Nations.
by
TKHatch
on 26/07/2011, 15:52:37 UTC
I don't think it would be illegal in the UK. There are many local currencies in Britain that I know about.

The Brixton Pound for example. I hear there's a local currency in Cornwall too.

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Board Beginners & Help
Re: Introduce yourself :)
by
TKHatch
on 25/07/2011, 04:40:03 UTC
Hi, I'm new here.

Not long started mining, can't wait to get stuck in to the community.

 Grin