Search content
Sort by

Showing 20 of 39 results by mushy99999
Post
Topic
Board Beginners & Help
Re: Realistic Bitcoin Mining Calculator
by
mushy99999
on 02/08/2011, 21:09:57 UTC
After playing around with this calc, it seems that 6 months from now, everyone under 1 ghash will have to call it quits.

Oh here we go again......and 4 posts. Yawn....
Post
Topic
Board Beginners & Help
Re: Realistic Bitcoin Mining Calculator
by
mushy99999
on 02/08/2011, 17:06:28 UTC
So why are you bolding "for profit". I am still mining and making quite a LOT of profit thankyou. YOU are the troll. Do some proper research before making such a "bold" statement. Idiot.
I'm guessing you've already paid off the cost of your hardware. If you've done that, or you're not buying hardware specifically for mining, it should work out to be profitable for users with decent ATI cards.

Yes I've paid off the hardware from mining quite a while ago and in the very near future my energy costs will also be zero (see other thread on free UK solar panels). It's very profitable for me. I also hold quite a few bitcoins too and will speculate with those at a later date.
Post
Topic
Board Off-topic
Re: Free Energy now available in the UK. Wooohoooo.
by
mushy99999
on 01/08/2011, 14:21:49 UTC
Please expand to your fellow neighbor country: The Netherlands!

I really don't see why other countries don't do this. Normally the UK is the last place to get anything good and the rest of Europe is years ahead.
Post
Topic
Board Off-topic
Re: Free Energy now available in the UK. Wooohoooo.
by
mushy99999
on 01/08/2011, 14:00:47 UTC
Testimonial..

"Given that the income is tax-free, the return on £14,000 investment is equivalent to 12.9% for a 50% tax-payer and 10.3% for a 40% tax-payer, with the investment recouped in as little as seven years. As the payments are linked to RPI, this equates to a real return of 18.2% and 15.6% respectively at today’s RPI rate of 5.3%"


You have to pay, but the government pays you back over the years..which makes them FREE

Nope, on this one you don't have to pay. They give you the option of them putting up the up-front costs so long as you have a south facing roof. The only thing is that you don't own the solar panels, they do. And they collect the cheque, however you get the electricity benefit and no maintenance costs or installation costs etc,......

A VERY good idea me thinks :-)
Post
Topic
Board Off-topic
Topic OP
Free Energy now available in the UK. Wooohoooo.
by
mushy99999
on 01/08/2011, 13:01:03 UTC
If you have a south facing house, you can now get solar panels for free.

Look here: http://www.ashadegreener.co.uk/

This makes Bitcoin mining a whole lot cheaper. :-)
Post
Topic
Board 한국어 (Korean)
Re: Korean!!!!
by
mushy99999
on 01/08/2011, 12:11:24 UTC
비트 코인 <- 구글링 하다 알게되었습니다.
경기도 거주, 서울 직장...

rig은 윗분 같은 저런 장비가 있어야만 하는 건가요?
mining이 비트 코인을 얻는 방법이라고 하는 것 같은데...

많이 궁금합니다. ^^;;;

반갑습니다~~

rig은 윗분 서명 같은 애플컴퓨터가 아니라도 가능합니다.

일반적인 PC이면 mining이 가능하고요. 가능하면 AMD의 고성능 그래픽 카드일수록 잘 됩니다.

문제는 전기를 너무 많이 먹어서 가정집에서 돌리기에는 무리가 따릅니다.



So is electricity more expensive than in the UK?
Post
Topic
Board Beginners & Help
Re: Realistic Bitcoin Mining Calculator
by
mushy99999
on 31/07/2011, 19:12:14 UTC
Newcomers need to see this calculator before they get into bitcoin mining for profit!
Thanks for a closer, more realistic outcome to mining!

5 posts. lol F.U.D

Amazing how many people sign up JUST to tell others NOT to mine. Get a life.

Amazing how many people are on here just to troll..

Did I ever suggest that newcomers shouldn't mine?
Oh, that's right, I didn't.

Oh really?? What were you suggesting then? You're full of it. If you're suggesting that you weren't trying to put newcomers off then what exactly were you suggesting? And how am I trolling? As I said earlier, get a life.

I was suggesting exactly what I said, that newcomers should check out this more realistic calculator before they get into bitcoin mining for profit.
You're trolling my post so it seems you need to get a life at a much more significant rate than I do  Roll Eyes

So why are you bolding "for profit". I am still mining and making quite a LOT of profit thankyou. YOU are the troll. Do some proper research before making such a "bold" statement. Idiot.
Post
Topic
Board Beginners & Help
Re: Realistic Bitcoin Mining Calculator
by
mushy99999
on 31/07/2011, 17:28:08 UTC
Newcomers need to see this calculator before they get into bitcoin mining for profit!
Thanks for a closer, more realistic outcome to mining!

5 posts. lol F.U.D

Amazing how many people sign up JUST to tell others NOT to mine. Get a life.

Amazing how many people are on here just to troll..

Did I ever suggest that newcomers shouldn't mine?
Oh, that's right, I didn't.

Oh really?? What were you suggesting then? You're full of it. If you're suggesting that you weren't trying to put newcomers off then what exactly were you suggesting? And how am I trolling? As I said earlier, get a life.
Post
Topic
Board Beginners & Help
Re: Realistic Bitcoin Mining Calculator
by
mushy99999
on 30/07/2011, 20:58:46 UTC
Newcomers need to see this calculator before they get into bitcoin mining for profit!
Thanks for a closer, more realistic outcome to mining!

5 posts. lol F.U.D

Amazing how many people sign up JUST to tell others NOT to mine. Get a life.
Post
Topic
Board Beginners & Help
Re: Realistic Bitcoin Mining Calculator
by
mushy99999
on 25/07/2011, 16:59:52 UTC
There are 0 for sale on planet earth anyway lol.

I can get 5830's no problem at all here in the UK. And cheap too.
Post
Topic
Board Beginners & Help
Re: Realistic Bitcoin Mining Calculator
by
mushy99999
on 24/07/2011, 16:52:49 UTC
Quote
If you plot price rises against difficulty you will see there is a price rise in line with difficulty rises, so even if you can only mine a lower amount of BTC, then the price you get for them is higher also.

Are you sure about that?
Maybe before Mai 2011 but now its more than questionable. Lets look at June to July difficulty and BTC price.
We started out somewhere around 0.6 mill and now we are at 1,69 mil - this is more than 280% rise in difficulty.
BTC was trading around 10 in the beginning of June and now we are at 13-14 USD. I see 30% rise (not bad at all). Forget the jump to 30, this had nothing to do with difficulty.
If you look at the July data, picture is quite the opposite to your prediction. Difficulty jumped from 1.2 mil to 1,69 an this is almost 40% jump. At the same time, BTC has fallen from 17 to 13.5.  Do be honest, this a bit strange.

BTC needs more businesses to accept the coin and not more miners to flood the market. In long term, I am bullish and I believe that more businesses will starting to accept the coin. This need some serious PR work and selling.
 
Well yes, except that there has been a few factors which have stagnated the price such as the MTGOX issue and the fact that trading fees have been waived over that period etc,. etc,... I really don't think you can take the latest month or two as valid examples. These have been strange months. I believe the price will re-adjust soon. I also think that due to namecoins being more profitable in the short term, this will reduce the difficulty of Bitcoins temporarily also (even if it's only the once). Over time we will see what happens but to simply put in a calculator where the price remains fixed for all eternity is not an accurate reflection in my opinion. I am holding quite a lot of Bitcoins (not selling) as I feel that they will rise in price soon. So although my profit may be (x) if I sell now, it will not be (x) later down the line, so you can argue that mining may be more profitable than the current price indicates if the value rises at some point. If the price rises, I get benefit for all previously mined coins as I'm holding on. The reverse is also true.



 
   
 
 

Post
Topic
Board Beginners & Help
Re: Realistic Bitcoin Mining Calculator
by
mushy99999
on 24/07/2011, 10:18:16 UTC
New miners and veterans alike, I present to you the most realistic bitcoin profitability calculator I have seen on the web.
This calculator take into account difficulty increases and should show you a more accurate overview of bitcoin mining and potential profits.

http://striketeam.ath.cx/btccalc/btccalc.php
If you find it useful, donate to the creators address on the website!

http://i.imgur.com/0gfyC.jpg

Nice, however incorrect, as it doesn't factor in price rises of coins. If you plot price rises against difficulty you will see there is a price rise in line with difficulty rises, so even if you can only mine a lower amount of BTC, then the price you get for them is higher also.

Nice graph, wrong conclusion.

Post
Topic
Board Beginners & Help
Re: Any solar powered rigs out there? I have an idea for one, check it out!
by
mushy99999
on 17/07/2011, 11:32:15 UTC


Btw..."just take a basic mining rig with a couple of 5870's"  Yeeeeeeah, that's a real basic rig *eye roll.*

This IS a basic mining rig. The 5870's can be bought for £120 if you know where to get them and happen to be the best value for money at that price. I used to have 5830's. They are currently £75 in the UK. But let's get serious here, this is a very basic mining rig. I know people who are running banks of 5970's using 20+ machines in Russia. The 5970's are not value for money (well for me anyway), but depending on your contacts / job etc, it is viable for some people due to how cheaply they can get their hands on the cards. Now each of those machines are pushing 2400 MH . That's serious stuff. Anything less than say 1000MH from a machine is simply playing at it. Let's face it even at that speed you're not going to get much return. So I stand by what I say, a couple (2) of 5870's is simply playing at it and basic.
Post
Topic
Board Beginners & Help
Re: Any solar powered rigs out there? I have an idea for one, check it out!
by
mushy99999
on 16/07/2011, 19:52:37 UTC
Ok, this would do what you want (cheapest possible solution).

http://www.aliexpress.com/product-gs/473114247-Free-shipping-10-100w-solar-panel-grid-solar-power-system-800w-wholesalers.html

So just a bit over $2300 for a solution. Is it worth it?
Post
Topic
Board Beginners & Help
Re: Any solar powered rigs out there? I have an idea for one, check it out!
by
mushy99999
on 16/07/2011, 19:30:26 UTC
Seems good, but it's out of reach for most people I think, not everyone knows that much about electricity, and where you get 50w panels so cheap?

How about this: http://www.youtube.com/watch?v=jTvAL7ty53M&feature=related
Post
Topic
Board Beginners & Help
Re: Any solar powered rigs out there? I have an idea for one, check it out!
by
mushy99999
on 16/07/2011, 18:36:50 UTC
I'm kinda into eletricity and inverters and batteries and all that for no real reason.

Look, there is no way in hell that you are going to be able to run a mining rig on Solar cost effectively. In fact if you just take a basic mining rig with a couple of 5870's in running at full, you would need to probably cater for around 750w continuous drain.

As you would only be able to get any sunlight during the day, you only have around 8 hours max (if you're very lucky) of any usable light. So to power it up you would need (in good conditions) around 20 80w panels. Hmm add that up. Ok, then you would need about 6 40w charge controllers (They're going to set you back around $150 each!!). On top of that, the batteries, the inverter etc,.... There is simply no way that this is worth it,...... Jeez, let's get real here. And if there was another way, then we would already know about it. Better off looking at fuel rods or something.
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: the most powerful mining rig ever contrived
by
mushy99999
on 10/07/2011, 22:43:02 UTC
daahhh. thank you for explaining this to me.. I was just about to wire them 100k£ ...



Phew,... managed to stop you just in time.  Grin Roll Eyes

P.S. you can send me 100BTC as thanks.  Grin
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: the most powerful mining rig ever contrived
by
mushy99999
on 10/07/2011, 22:41:40 UTC
daahhh. thank you for explaining this to me.. I was just about to wire them 100k£ ...



Phew,... managed to stop you just in time.  Grin Roll Eyes
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: the most powerful mining rig ever contrived
by
mushy99999
on 10/07/2011, 22:38:49 UTC
I am quite sure that there are companies based in Malaysia somewhere and offering their wares on alibaba. These companies claim to have thousands of 5970 cards in stock and ready to sell them for as little as 100$ a pop. Though, it's wire transfer or western union only.

I am sure that if you negotiate hard enough they can get more cards and they will sell it to you even at lower price. Surely at those kind of prices prices 1Thps rig may sound plausible. I hope you hear from them after money are sent.


If you deal on Alibaba, there are two things to look out for:

1.) Gold Seller
2.) Escrow

If you have either of those, then you can certainly guarantee getting the goods. I've asked for some quotes from China, let's see how cheap they go for either the Black Edition or the Sapphire Toxic (Both 4GB DDR5) cards. Although I don't think the memory is that important, it's the number of cores (which is 3200) in those cards. I would NOT use western union or wire transfer as you will be had.
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: the most powerful mining rig ever contrived
by
mushy99999
on 10/07/2011, 21:05:11 UTC
I just got a quote from the US. If I buy 50 5970's Black Editions it would cost 21,000 USD including shipping which comes to $420 per card. Not bad. If I order just 1 card as a sample it would cost $575 including shipping.

Next I'll get a quote from China and let's compare the difference.  Grin