bittah.com!~ Anyone a bitcoin millionaire ? - Page 4

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Post »Mon Feb 10, 2014 10:24 am

I set up a cpu only mining thing and a wallet on coins-e as per the instructions here:
https://www.youtube.com/watch?v=OTOUvKdudsQ

I have a 5870, not sure how good that will be as a gpu for mining.
Max is huge right now and theres alot of hash power pointed at it atm. At its current difficulty you would probably get 2-5 coins a day with your 5870 (about $10AUD at current prices). CPU mining is probably not going to be worth it versus electricity costs.

That being said I've made around $600 the past 2 days thanks to max kesier but I was also one of the few who mined it at the start instead of yelling scam like 95% of the crypto community.
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Post »Mon Feb 10, 2014 10:36 am

almost there i think. pool gives me this:
cgminer.exe --keccak -o stratum+tcp://maxpool.1gh.com:17333 -u WALLET -p x

so i change the cg to sg. Where do i edit in the settings for the card?

edit oh i just put it after the above.

"--keccak: unrecognized option". Hmm...
Last edited by Duff5000 on Mon Feb 10, 2014 10:46 am, edited 1 time in total.
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Post »Mon Feb 10, 2014 10:44 am

Max is a bit different if your going to mine it then you need This version of cgminer. For every other coin use sgminer instead.

Your string will be

cgminer.exe --keccak -o stratum+tcp://maxpool.1gh.com:17333 -u WalletAddy -p x -I 13 -g 1 -w 256

replace "WalletAddy" with the address you get in the Recieve tab of the maxcoin wallet. Drop that entire string into a text file, rename it as 5870.bat and then drop that into the extracted folder from the above download link.

Keep an eye on your GPU's TEMP (you can see this when you run cgminer/sgminer).
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Post »Mon Feb 10, 2014 11:10 am

Ah that works, thanks.

GPU temp was up to 88 or so which is pretty toasty.
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Post »Mon Feb 10, 2014 11:16 am

Yeah I've got a pedastal fan pointed inside my case or else my 6850 gets upto 98 degrees. Going to be building a ghetto rig tomorrow when I can cash out some btc to aud.
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Post »Mon Feb 10, 2014 12:03 pm

If what i was reading is correct Max is going up and down in value by about 50%. (i cant remember how many decimals but between .020 and .030)
Probably easier to make some $ just trading.
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Post »Mon Feb 10, 2014 12:07 pm

If what i was reading is correct Max is going up and down in value by about 50%. (i cant remember how many decimals but between .020 and .030)
Probably easier to make some $ just trading.
Risky also. Price yesterday was 0.004 BTC. Within 30 minutes it had dropped to 0.001 BTC and has now made a little bit of ground back to 0.0025. I've made probably 50 bucks buying low and selling high. It would have been more but I panic sold some at a loss.

Max is volatile as fuck at the moment and in my opinion it is overpriced. I would expect it to likely loose more than 50% of its value in the couple of days.
http://www.cryptocoinsnews.com/2013/11/ ... ype-cycle/

got any power bills vs crypto-coins that end up in your bank account comparisons?

coinwarz.com Our current electricity price is $0.29 kWh last time I looked at my bill. Obviously if you could build a rig and leave it at the workplace or somewhere you aren't paying for electricity than your going to be much better off.

The 7950 is hands down the best card for mining when you factor in power consumption and price. Here is a comparison chart showing pretty much everything you need.
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Post »Mon Feb 10, 2014 3:13 pm

JBT would love this thread
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Post »Mon Feb 10, 2014 5:17 pm

JBT would love this thread
Well he doesn't check these forums anymore does he? Nub
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Post »Mon Feb 10, 2014 6:59 pm

JBT would love this thread
Well he doesn't check these forums anymore does he? Nub
Except for when his name is mentioned, and a 10, 000 word essay inevitably appears the following day :laugh:
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Post »Thu Mar 06, 2014 2:41 pm

http://www.news.com.au/finance/business ... 6846902152


I still don't get this bit coin thing. Sounds like the start of the end though.
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Post »Thu Mar 06, 2014 3:49 pm

aristo-
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Post »Thu Mar 06, 2014 4:03 pm

http://www.news.com.au/finance/business ... 6846902152


I still don't get this bit coin thing. Sounds like the start of the end though.
Bitcoin is resilient as fuck. When Gox filled for bankruptcy protection the price dropped to $480usd ish. A few days later and its back upto $640usd.

Theres a decent amount of money invested in the future of bitcoin and it'll take alot more than a few insolvent exchanges to take it down. This will end up being a good thing imo as users will hold their exchanges to a higher standard.

-Just added the 3rd 280x to my rig ;p
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Post »Thu Mar 06, 2014 5:29 pm

So i made an account on coins-e the other day, site looks to be gone now.
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Post »Thu Mar 06, 2014 8:35 pm

So i made an account on coins-e the other day, site looks to be gone now.
Maybe some downtime? Looks up now.

I hate both coins-e and cryptsy. Slow as hell transactions.

AuroraCoin really took off over the past week..1 AuroraCoin = $27AUD. The dev is meant to be distrubuting 50% of the total coin supply to every citizen of Iceland, pretty interesting experiement if they actually manage to distrubute the coins. Not worth it to mine any longer though.
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Post »Wed Mar 12, 2014 9:52 pm

I ran across this guy a couple of weeks back who is into data analysis, heavy science stuff for biofuel development synthesis or something, anyway he told me to look into Zerocoin, his opinion was that btc was easily trackable, because of the relative few places that you can exchange and cash out. Zerocoin was meant to be some total anonymous shit, but not sure how that makes sense, considering you still need to have places to cash out.

Sounds like you guys are making some money, but also sounds pretty crazy, like there's a new cryptofad to jump onto every 5 mins with all these coins, so it's a race to get into the mining early when the difficulty level is low and the yield is high, then hope like crazy for some relative growth.

Also beware of malware targeting wallets, seems to be a lot of it getting around.
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Post »Wed Mar 12, 2014 10:17 pm


Sounds like you guys are making some money, but also sounds pretty crazy, like there's a new cryptofad to jump onto every 5 mins with all these coins, so it's a race to get into the mining early when the difficulty level is low and the yield is high, then hope like crazy for some relative growth.
Spot on pretty much..

BTC was never meant to be fully anonymous. It was actually designed to be pseudo anonymous. At its core its actually just a huge public ledger (and thats the easiest way to think of it). You can follow funds from one address ("account") wherever it goes using the blockchain you just don't know which address belongs to whom. For instance "Satoshi" the guy that devoloped bitcoin has about 1 million bitcoin hidden across various addresses in 50 coin blocks..Everyone knows the addresses to his accounts but no one knows who Satoshi is.

Egold back in the day was anonymous and it did terribly, eventually went bankrupt due to all the allegations of criminal abuse.


Vice did a really good podcast on bitcoin and its worth checking out if your at all confused about what bitcoin is.
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Post »Tue May 06, 2014 11:05 pm

Image
Image
Motorsport is so good.
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Post »Fri Sep 19, 2014 9:50 am

So the mining 'boom' has been dead for a while now and I ended up selling 2 of my R9 280x's (bought them for 400 and sold them for 250) but I have since been developing apps and helping out certain community members for payment in BTC. I now have a portfolio of around 10 BTC and another 3BTCish in various altcoins.

Bitcoin currently in another downtrend but I feel strongly that it will pick back up. My next plan is to invest around $1000 AUD into day trading. Assuming I dont make too many bad choices I am aiming to turn that into $5000 by the end of 2014. As I've been running an online business for the past few months I have been afforded the time to do research which I'm hoping will allow me to stay ahead of the curve. Altcoin trading is essentially a free market without any rules or regulations and with regular price swings of thousands of percent I believe now is the perfect time to invest and 'play the market'.

For any freelance C++/Java programmer the Altcoin community would be the perfect place to hone your skills and possibly make some money while your at it.
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Post »Fri Sep 19, 2014 1:22 pm

I just read my post of the first page saying it wasn't going anywhere. After I made that post (in feb) I started buying a lot of litecoins and made around $600, I then got into other alt coins (I bought around 10 different kinds) and built my radeon mining rig which was making around $15 a day (i didn't leave it on too much) I was buying and selling like crazy and the market for altcoins was just going up and up and no matter how bad I invested I made money. After all that I made another $600 roughly so nothing too crazy.

I was predicting a bubble burst and it happened slowly and clearly, all altcoins dived in price as did litecoin, bitcoin and more. With every new altcoin added the price of the other coins decreased slightly. It's currently at a point where you've got a 1 in 10 chance of quadrupling your money, so it's not really worth it.

As for mining, that has died monumentally, dedicated mining rigs (which I don't own) mean using a normal computer to mine will only net you about a dollar a day (well that's how it's been for me). So I pulled apart my rig and use it as a netflix streamer now, which is the best website ever.

I rode the bubble and had so much fun playing the market but I really think it's over now unless you have 5-6 hours per day to inform yourself then buy and sell altcoins, but the market is dissolving.
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