BITCON... WHY its totally FLAWED

willrocks said:
Although I suspect you'd be better off using a CPU miner.
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Do you know of any good CPU miners, would prefer a GUI based one?

I've tried GUIMiner on this PC but it just won't detect any devices no matter what I do...apparently Feathercoin can be mined using CPU's with decent results.
 
willrocks said:
pro$pector said:
willrocks said:
Although I suspect you'd be better off using a CPU miner.
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Do you know of any good CPU miners, would prefer a GUI based one?

I've tried GUIMiner on this PC but it just won't detect any devices no matter what I do...apparently Feathercoin can be mined using CPU's with decent results.
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I tried minerd on a few computers at work was getting about 5-8 Mhash/s per server. So based on your office of 200 PCs you could get 1000 Mhash/s or more. You may be better off with a dedicated mining rig.
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you spend more on power than you get back in bitcoins, it's not worth doing
 
willrocks said:
RetardedMonkey said:
See, I'd be thinking 7950 is more efficient for mining. Can get them for the $300 mark and will come close to the performance of a 7970.
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The 7970 seems to get about 700 Mhash/s. The 7950 is around 550 Mhash/s. That's approximately 30% difference.

https://en.bitcoin.it/wiki/Mining_hardware_comparison
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You'll be hard pressed hitting 700MH/s on a 7970 that's for sure. Mine currently do about 660MH/s and they're GHz editions with 1100/1500 clocks.

Not to mention the Gigabytes are voltage locked so you'll be unable to use less power.

$400 - 7970 - 700MH/s gets you 1.75MH/s per $1 (1.65MH/s if you go off what I get)
$300 - 7950 - 550MH/s gets you 1.83MH/s per $1

7970 will definitely use more power due to it's 8+6 power configuration compared to the usual 6+6 for the 7950.

QG (on Whirpool/Ozcoin) did a build with 4x 7970 GHz and he can't undervolt them so pulls 1400W from the wall on his 1200W Platinum PSU.

Anyway, that's my reasoning for the 7950s.
 
I do about 660-670 currently on 1070/1750 clocks 1.112v and pull 630 at the wall of the whole system which has 4 fans a pump and a i5 2500k at 1.3v. oh don't forget the 4 DIMMs at 1.7v. That dude really needs to drop the volts. maybe he is including his monitor/s which I don't as they are off when mining.
 
Noppy said:
I do about 660-670 currently on 1070/1750 clocks 1.112v and pull 630 at the wall of the whole system which has 4 fans a pump and a i5 2500k at 1.3v. oh don't forget the 4 DIMMs at 1.7v. That dude really needs to drop the volts. maybe he is including his monitor/s which I don't as they are off when mining.
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He can't drop volts as the cards are locked unless he does a BIOS flash. They run at 1.256v standard.
 
I know someone who is looking at developing a coin (that isn't going to be called a coin) and will be able to be mined equally on AMD or Nvidia.
 
I just love these tiny alt currencies popping up everyday.

Creators/early adopters mine thousands of them in a few days, then the difficulty skyrockets and they sell for thousands of dollars as soon as an exchange accepts them.

Such a great scam.
 
Feathercoin had about 3 million mined in the first day.

So you can imagine the creators are LAUGHING about now with them being worth about $0.12 each at moment on the exchange.

Just need to scatter your sales.
 
pro$pector said:
I just love these tiny alt currencies popping up everyday.

Creators/early adopters mine thousands of them in a few days, then the difficulty skyrockets and they sell for thousands of dollars as soon as an exchange accepts them.

Such a great scam.
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I believe Crypto Curriencies are to the Banks what Napster was to the Record Labels. Adapt or perish. All those overdebted, "too big to fail" banks in the good ole will be first to go.
 
willrocks said:
Dynoman said:
I believe Crypto Curriencies are to the Banks what Napster was to the Record Labels. Adapt or perish. All those overdebted, "too big to fail" banks in the good ole will be first to go.
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A better analogy would be bit-torrent. Because in the end they did kill Napster, but they still can't kill bit-torrent.
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True True :)
 
willrocks said:
Unless they offer some significant technical advantages over bitcoin I think only 2-5 will survive long-term. Any short term gain they have will be just that.
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Agreed, I said 2-3 earlier in the thread. I personally think BTC, LTC and maybe PPC.

FRC having demurrage is an interesting concept, so that's another hat in the ring maybe.

It will be very interesting to see just how many of these are actually trading any volume on the exchanges come end of 2013.


willrocks said:
A better analogy would be bit-torrent. Because in the end they did kill Napster, but they still can't kill bit-torrent.
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...and I don't think they ever will!
 
I think Napster has a special place in everyone's heart who used it, bit torrent is "meh". Some of these other currencies names are pretty funny like bbqcoin the coin you can eat.
 
Noppy said:
I think Napster has a special place in everyone's heart who used it, bit torrent is "meh". Some of these other currencies names are pretty funny like bbqcoin the coin you can eat.
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Bittorrent is very mainstream nowadays & interestingly if you go to the Bitcoin forums they are starting to feel the same way about Bitcoin.
 
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