Its not abut mining with a soundcard.... its about using multiple chips together not a retails audigy etc... ofcourse one signle sound card could do anything

 what do you mean by coinbase?

ok if you keep insisting it means two things.. you are either trolling this topic to get it locked or you are just typing quotes you read in this forum and paste them as you see fit presenting them as your opinnion.. because no offense but the things you say make no sense..


So I make a last try to reason with you...


Most of the things you say are either not true at all or just one side of them is (if you have inmind particular situations and dont see the big picture)


So lets talk with hard numbers... a BFL BitForce Miner that does 50GH/s costs 2500$ if you order it right now 14/10/2013 you will get it around 14/05/2014 if you are lucky..... by then the difficulty will be at a rate of billions so yes this miner is going to bring nothing in terms of profit back to you... so you are right in this particular situation


The big picture now..

Lets assume we live in a perfect world were you could get this particular miner @50GH/s TODAY 14/10/2013 infront of our door.. well then the scenario changes a lot.... because if it starts mining today at current difficulty of 189,281,249 (and scaling that diff to lets say 70% per month that will lead to 4 billion at about 180 days/6 months) you will have summed up about 3000$ networth = 500$ profit (since the miner costs 2500$)

if you had 20 of them that means that you could have 10.000$ profit in just 6 months!




So what stops you doing this? A)AVAILABILITY  or better to say INavailability B)Price of the asics


So if lets say a simple a class microhip (thats used in phones pci cards dvd players etc) ok its NOT a miner asic it cant do GH/s on one chip but it can put out lets say 90 Mh/s on its own and costs lik 10$ or much lower (if you order in big quantities) consider ordering 250 of them (= 2500$ -if we dont count the discount caused by the wholesale type of order- running at ~25GH/s)


that means that after 12 months you will have 3000 usd networth = 500 usd profit

Which by having the same calculations of 70% per month increase of difficulty will lead to a difficulty of 110,279,464,758 at the 12th month.


So this case shows justs that the numbers add up but is it worth it? well if there are not any microchips out there capable of doing more than 90Mh/s and if your capital is only 2500$ then maybe its not worth it..


But if there are some chips that do even better MH rates and/or you capitol is bigger then its totaly worth it.

Yea and also you are not good with precentages and proportions... thats all true for AN asic miner for the ONE chip you have..

but have you asked yourself why you just have ONE miner and not like 200 of them?

I am sure you asked yourself that and the answer is easy

1)you do not have money to buy more of them since they are ridiculously expensive
2)even if you have the money to make a big investment by the time you will get the gear you pre-ordered (if you get it at all) it wont do crap or it will have a very considerable decrease of income...



So why not instead of buying like ONE rig that costs 5000 usd and does 2TH/s and will ship Q2 2014 not ordering like 1000 pieces 5$ each of industry available chips reporgram them and have them ready to mine TODAY at lets say 800 GH/s rate... and when difficulty is getting higher with the profits that you accumulate from TODAY since the then buy some more chips that will be ready to ship at virtually the same day!!!

I am trying to make more sense about what miners do how pools are set up and with which creteria they get assignet some work and assign work to their pool grid

I am still at the beginning... learning the fundamental ideas...


So I read this: http://www.coindesk.com/information/how-do-bitcoin-transactions-work/ (its about a simple explanation on how transactions are made using bitcoins)


But I have a question now..


So if miners actually do just validating traffic of the bitcoins then how did this all start?

I mean ok after some people exchanged bitcoins all miners had to do is to decifer those packages of information validate that the ammounts add up corectly and then verified the transaction

But how did it start? I mean back when noone had a bitcoin or a fraction of it.. how did the frist miners mine.. what was the "job" that was assigned to them? since there could not be a blockchain of transactions since no transaction occured at the very beginning of bitcoins...

So any ideas or links? thnx a lot.

Obviously you are not so familiar with technology (ofcourse there is no problem with that) you consider audio chips graphic chips asics FPGAs x86 Processors as to be completely different things..


They all have things in common they do binary isntructions... their difference is their efficiency per chip at some instructions etc...


So a more appropriate analogy would be this:


to transfere 10000 kilos of gold from lets say africa to USA what do you prefere?  to order some fancy highspeed  Jets that will need like 10 hours to do the delivery (which you have to wait a year to get manufactured and be available to you and cost like 10.000.000 usd ) or to use simple propeled one seat planes that will do the job in lets say 20 days but cost in total 5.000.0000 and are available right now.

Please if you have not the slightest idea about tech then please dont post in this topic... Its like you are saying graphic cards are designed for videogames and not for mining... its needs just for a chip to be capable of doing arithmetics with integers in order to beable to mine... the hard part is to see how to put them all in a board and make a suitable miner program that can use them.

Well it could make sense since one BFL asic chip for example costs 70$per piece if for example I could combine 10 audio chip at 7$each doing half or 1/3 the MH/s rate of a single bfl asic then It would be profitable buying like 1000 chips (which will lower the per chip price) spending a few more K for the board design and you have almost instantly mh power whenever you want to upgrade you have just to make a new order that will arrive in a mater of days maybe weeks at worse.. no 6-9+ waiting time.

Well no it doesnt how did you came up with that... see this too: https://en.bitcoin.it/wiki/Mining_hardware_comparison#Nvidia


again i am not telling that I should have big MH rate with my nvidia GTX 650 ti I know the rate will suck I just dont know why it sucks that much maybe I need to do some settings? or update something besides the GPU driver... the chart that I linkded does not have my card but it has its previous revision GTX 550ti which puts out more Mh/s than GTX 250 and a stronger card of the 6xx generation that does even better so I should be in the midle..

Well I said that I dont know how to setup cudaminer everytime I tried it either couldnt connect to a pool (like slush) or if connected it didnt had any MH/s rate (I think I manage to connect it to BTC guild)

Also I know that Ati cards are faster.. but my question was different since my 650 TI is a faster model than the 4 year old GTX 250 in any case (Clocks,ram,shaders,pipelines,cores etc) why does it produce less MH/s than the 250... maybe the fault is somewere else....

A chip that has been manufactured for audio process porpuses like to be on soundcards and stuff

like a CPU,GPU its a APU

Hello, I took a look at this: http://emu10k1.sourceforge.net/as10k1-manual/emu_over.html and was interested if there is anyone that has or did heared of someone mine using his sound card or using a miner that uses other kind of chips instead BFL,Avalon asics etc


I mean even if their MH/s rate is low because of their low clocks they are so cheap so maybe they have better MH/$ rate and if their compined into racks of lots of them together then they sound like a good investment.. needless to talk about their imediate availability

I would like to get more into it just for the science of it I mean what is the target when designing an asic for hashing bicoins? I know a few things about GPU and CPU x86 architecture but very little to nothing about those chips

This question is technical I would like to know which family of chips are capable of doing this job (and as an extend are used in the GH/s machines out there )

Are other electronic chips capable of doing this job?


My ultimate thought on this is the idea of maybe purchasing a big batch of chips directly from a manufactuer and hire an engineer to combine them together in a pcb for just doing bitcoin mining..


It could make sense if the chips used for this are not expensive (the high price on the miners could be more like because of the high demand big rush ) the actuall cost to make them from scratch maybe not so bad.. more simply to put to buy a retail miner machine that does 2th/s you need atleast 5000usd.. why not pay 3000-4000 usd to a professional to make some basic microcode and design to combine lots of chips for integer calculations supporting SHA256 (which would cost lets say an other 3000 for 100 of them maybe that would produce little lower same or better GH/s perfomance at the same cost but could be almost imediatly available to you every time you want to upgrade (just ordering the chips the pcb etc the design is already done in the first place and you got another TH/s machine without waiting half a year for it to be delivered)

so anyone that could tell me some technical details on this?

thnx

yes I know that ati is better than nvdia... its just that GTX 650 ti is a much newer and stronger card than gtx 250 so isnt it stranger to have lower Mh/s than the the GTX 250?

Hello I have a GTX 650 ti GPU and I manage to do only 45 Mh/s I have seen on charts online that a GTX 250 which is a much weaker cards puts out 80 Mh/s so why do I have so low hashing?


Also I have an old 9800 GX2   could I use them both for mining? should I set them up as different workers?


I also have a Dedicated PhysX card is it compatible with any mining software??


Last but not least I can not run mining under CUDA (with cudaminer for example) could anybody give me a little heads up about this? thnx

Does anyone have a clue of what he is talking about?

I dont mean dissrespect... but one say one thing and the other says the absolute contrary!

one says the black arrow site is a scam an other says it has been discussed here that its trustworthy..

a guy says X company is prooven to be good the other one says they dont have even the technology to do it...

I am so confused...

I am not a native english speaker so maybe I didnt express myself well


I believe that most of the people that are mining (like 70 to 90% of them) are people with average or mid grade salary (in real life jobs) and they have average to low grade hardware (most of them usb sticks,5 GH/s machines and some of them 500GH/s machines tops...)


So for those people if the difficulty exceeds lets say 6 or 8 billion they sure will quit since their hardware wouldnt even get them a thusandth fraction of a bitcoin per day in that difficulty so if and when they quit the difficulty should drop down (since 70% or 90% of the miners dont mine anymore having as a result the average time for a block to be found to increase noticably)


So at that time it should be a good idea do get into mining with a strong piece of hardware thats what I was talking about mine for a few weeks and then when people keep on coming back you just wait for the difficulty to raise up again.

Also what about this site here anyone heared of them?  https://cloudhashing.com/

Yes but does diffulty also lower down if noone mines or if it takes more than 10 minutes for a block to be found?


if so then when difficulty reaches such extreme numbers I suppose that most of the community will drop out from mining... thus forcing difficulty to low down again then attracting old miners to return difficulty raises again eventually people will drop out.. etc etc wouldnt it be a good idea to have a 2TH/s machine and "come in game" when difficulty raises so high making people to quit and gaining profit by mining while the difficulty level drops (because of less miners in the game) ?? and then take a brake again when people come back and raise the difficulty level?