Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 | 5 | 6 | 7
freitasm

BDFL - Memuneh
68872 posts

Uber Geek

Administrator
Trusted
Geekzone
Lifetime subscriber

  #470196 17-May-2011 18:06
Send private message

Just PM me for the code. We will work at 10 BTC at the moment.




 

 

These links are referral codes

 

Geekzone broadband switch | Eletcricity comparison and switch | Hatch investment (NZ$ 10 bonus if NZ$100 deposited within 30 days) | Sharesies | Mighty Ape | Backblaze | Coinbase | TheMarket | My technology disclosure


nobz
30 posts

Geek


#470889 19-May-2011 00:45
Send private message

I do bitcoins aswell and loving my returns. Currently using 2 HD5970. Next week going to buy a quadfire HD5850 Wink. Just started when prices increased to $2 (April).

Anybody want to buy bitcoins from me? (Mtgox USD and then USD to NZD)

(I hate the difficulty!!!, I hope prices increase when difficulty increases too.)

 
 
 
 


vfxguynz
34 posts

Geek


  #470904 19-May-2011 06:57
Send private message

Ive just joined to bitcoin game, bought a ATI HD5850 yesterday, currently making 1 BTC per ~12 in a shared pool. At the current BTC to USD, it pays for itself in power + little extra (still have to work it out properly), and is a nice heater in my room :)
Am looking at buying a few more HD5850 as they are relatively cheap per Mhash/s ($280 and get around 330Mhash/s)

@nobz

By Quadfire 5850's you mean 4 GPUs in one unit? (ATI noob here.. nVidia ftw :P)

LennonNZ
2435 posts

Uber Geek

Trusted

  #470930 19-May-2011 08:29
Send private message

330Mhash/s hmm.. my mac is getting 1561khash/s :-(


vfxguynz
34 posts

Geek


  #470935 19-May-2011 08:41
Send private message

LennonNZ: 330Mhash/s hmm.. my mac is getting 1561khash/s :-( 



Are you using the BitCoin software from www.weusecoins.com? If so, it will be calculating using your cpu, which is a hell of a lot slower than most GPUs.

Have a look here for lots of information about generating coins http://forum.bitcoin.org/index.php?board=14.0

nobz
30 posts

Geek


  #470980 19-May-2011 10:37
Send private message

vfxguynz:

@nobz

By Quadfire 5850's you mean 4 GPUs in one unit? (ATI noob here.. nVidia ftw :P)


Yeah 4 gpus (bought already the MSI 890-FXA to support it Wink and a 1200w cooler master power supply (80 plus gold)).

This bitcoin is sooo addicting. Tongue out

nobz
30 posts

Geek


  #470983 19-May-2011 10:44
Send private message

LennonNZ: 330Mhash/s hmm.. my mac is getting 1561khash/s :-(



I highly recommend you don't use your CPU. With New Zealand expensive electricity bill you won't make a return, but just loses. (Unless you're getting free electricity it's a win)


My GPUs do 1.5 Ghash/s. Today's difficulty and exchange rate its make around NZD$60-64 per day, minus $3.45 for electricity.

 
 
 
 


vfxguynz
34 posts

Geek


  #470993 19-May-2011 10:59
Send private message

nobz:
LennonNZ: 330Mhash/s hmm.. my mac is getting 1561khash/s :-( 



I highly recommend you don't use your CPU. With New Zealand expensive electricity bill you won't make a return, but just loses. (Unless you're getting free electricity it's a win)


My GPUs do 1.5 Ghash/s. Today's difficulty and exchange rate its make around NZD$60-64 per day, minus $3.45 for electricity.


Wow man, thats something I would love. 
Hopefully, when I sell my car subs (dont use em, dont even know why I bought them, I'm a geek - not a car enthusiast!) I'll buy another HD5850, bringing me 1BTC every 4 hours; 6 per day (average).

How much is that beast? (the Quadfire HD5850) Just to clarfy, that is 4 HD5850 on one mobo right? Not 1, with 4 chips on a single pcb?

vfxguynz
34 posts

Geek


  #470994 19-May-2011 11:01
Send private message

On iPhone and can't edit posts...

Nobz, do you mine solo, or do you belong to a pool?

gjm

gjm
760 posts

Ultimate Geek


  #470996 19-May-2011 11:07
Send private message

my old pc is currently doing 344khash... maybe I should just give up. I have no bitcoins :-(




[Amstrad CPC 6128: 128k Memory: 3 inch floppy drive: Colour Screen]

vfxguynz
34 posts

Geek


  #470998 19-May-2011 11:12
Send private message

@gjm
You are using you CPU for that then?
At that rate, according to http://www.alloscomp.com/bitcoin/old_calculator.php it would take you around 35280 days to get a block of 50 BTC. Not worth the 96 year wait I think :)

gjm

gjm
760 posts

Ultimate Geek


  #471001 19-May-2011 11:16
Send private message

that is disappointing, especially with the rapture this weekend. On the plus side its jumped up to 1300 khash for some reason. Should knock it down to a few decades. Its just a cpu in an old machine that I fired up to have a look at this bitcoin thing. If people are making 60 - 70 bucks a day thats about 25k a year...is that right? Are some people really making that?




[Amstrad CPC 6128: 128k Memory: 3 inch floppy drive: Colour Screen]

nobz
30 posts

Geek


  #471002 19-May-2011 11:17
Send private message

vfxguynz: On iPhone and can't edit posts...

Nobz, do you mine solo, or do you belong to a pool?


I used to mine solo early last month making like 350BTC average a week. (Just keeping it as reserves and exchanging when I need to pay my electricity bills)

Right now am with deepbit.net. So far all pools are giving me the same "weekly" return.


gjm: my old pc is currently doing 344khash... maybe I should just give up. I have no bitcoins :-(


I think its better to stop. Because with that rate it might take you like 18-24 minutes just to make a single share, presuming you're in a pool.

vfxguynz
34 posts

Geek


  #471003 19-May-2011 11:21
Send private message

@gjm

Yeah it's true that people are making that sorta money. But they spent like 3K on hardware, that gets paid back in the space of a month, and anything else is profit.

As with anything like this, there's always that risk, always people with better hardware, willing to take more risks.

As I look at it, if I get another 2 or 3 HD5850's, if I make the money back, sweet, if I don't, I've got one hell of a gaming computer :P

nobz
30 posts

Geek


  #471004 19-May-2011 11:22
Send private message

. If people are making 60 - 70 bucks a day thats about 25k a year...is that right? Are some people really making that?


Last week I exchanged 200 BTC for USD$8 and got NZD$2000 (why am building a second rig). So yeah "maybe" you can make 25k a year or more if this trend current trend continues, prices follows difficulty

vfxguynz: @gjm

Yeah it's true that people are making that sorta money. But they spent like 3K on hardware, that gets paid back in the space of a month, and anything else is profit.

As with anything like this, there's always that risk, always people with better hardware, willing to take more risks.

As I look at it, if I get another 2 or 3 HD5850's, if I make the money back, sweet, if I don't, I've got one hell of a gaming computer :P


True, that's why I don't buy cheap CPU and ram, like most miners do. I plan to build gaming machines in mind incase this market crashes and sell it as a gaming machine.

1 | 2 | 3 | 4 | 5 | 6 | 7
View this topic in a long page with up to 500 replies per page Create new topic





News »

Huawei launches IdeaHub Pro in New Zealand
Posted 27-Oct-2020 16:41


Southland-based IT specialist providing virtual services worldwide
Posted 27-Oct-2020 15:55


NASA discovers water on sunlit surface of Moon
Posted 27-Oct-2020 08:30


Huawei introduces new features to Petal Search, Maps and Docs
Posted 26-Oct-2020 18:05


Nokia selected by NASA to build first ever cellular network on the Moon
Posted 21-Oct-2020 08:34


Nanoleaf enhances lighting line with launch of Triangles and Mini Triangles
Posted 17-Oct-2020 20:18


Synology unveils DS16211+
Posted 17-Oct-2020 20:12


Ingram Micro introduces FootfallCam to New Zealand channel
Posted 17-Oct-2020 20:06


Dropbox adopts Virtual First working policy
Posted 17-Oct-2020 19:47


OPPO announces Reno4 Series 5G line-up in NZ
Posted 16-Oct-2020 08:52


Microsoft Highway to a Hundred expands to Asia Pacific
Posted 14-Oct-2020 09:34


Spark turns on 5G in Auckland
Posted 14-Oct-2020 09:29


AMD Launches AMD Ryzen 5000 Series Desktop Processors
Posted 9-Oct-2020 10:13


Teletrac Navman launches integrated multi-camera solution for transport and logistics industry
Posted 8-Oct-2020 10:57


Farmside hits 10,000 RBI customers
Posted 7-Oct-2020 15:32









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.