There are only 2 miners running for Cognitive, all the other devices are "switched off" ==> mining into his own pocket. What is going on over there? You could at least provide daily updates until all the gear is working properly.
Garrett should allow some larger investors to come to the location and physically inspect the miners and see what is going on in person.
cgminer.btcguild.com is not responding to ping, the post about it has been removed, and I can't connect using my normal mining client to pool. Is anyone else having issues?
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BoardBeginners & Help
Re: Best way to invest $5,000 USD
by
kephael
on 27/11/2013, 22:48:15 UTC
I'd look into mining equipment that is not cryptocurrency specific so it will hold value over longer periods of time.
I'd say just watch some youtube videos, search for "litecoin mining" as far as I know there isn't really much that can be mined with only the CPU anymore, maybe something like feather coin. ASICs are miners you can plug into any computer, but it's a long story, just browse around the forums and look for videos.
You'll need a PCI-E Riser to mount a GPU, however since the R610 is a 1u server most GPUs will not fit. You'll want to mine CPU coins like Quark Coin, Primecoin, or maybe some others.
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BoardBeginners & Help
Re: Setup on Dell R610 Windows Server 2008R2.
by
kephael
on 27/11/2013, 19:00:26 UTC
You can make a bootable USB with Windows Server 2008 R2 installation media and boot the R610 from the USB and install the OS onto a local HDD. If the R610 has DRAC Enterprise you can remote in over the network and mount an iso image of Windows Server 2008 R2 as well and install the OS onto a local HDD that way. You won't be able to mine Bitcoin with a R610 unless you're going to be connecting ASICs to it in some manner as CPU mining bitcoin is not profitable. Litecoin is generally mined with GPUs as well and the R610 does not accept GPUs.
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BoardBeginners & Help
Re: What is the fastest way to deposit money to buy bitcoins?
by
kephael
on 27/11/2013, 18:48:07 UTC
For US based individuals I'd suggest using coinbase, they can do normal ACH withdraws and deposits. Most of the exchanges require a wire transfer.