Author Topic: bitcion and such  (Read 10728 times)

mechnut450

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bitcion and such
« on: 14 December 2017, 21:01:05 »
 so i want to experiment  with attempting the new fad of bitcoin and such mining  while i am working or busy and not at home.  i looking for xp and the off chance of a a profit lol.  mainly i need to find simple program(s) to mine using my Pc. like I said only interested in it for fun since I know my system not that powerful.  If  anything this will allow me to possible upgrade parts over the years.

 As my current understanding is i only make if lucky 50 bucks a year lol. but i also know that  there are gpu and cpu based programs and I figure if anything i can run one of each and just let run while at work and such. I am not worried about over heating as it all water-cooled now and  I maxed out roughly in the 97 degrees F when I max the system out( plus it helps keep the kids room a couple degrees warmer at night lol ) 
 my other understanding is i need a wallet to have funds transferred from and into. ( i am having my buddy help me with this  after holidays ) so i can mine without it until I get enough built up to make a transfer to I figure.

MoneyLovinOgre4Hire

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Re: bitcion and such
« Reply #1 on: 14 December 2017, 22:07:59 »
Given the nature of bitcoin, I'm not sure that it would be possible to have a detailed discussion here without running afoul of several of the Rules.
Warning: this post may contain sarcasm.

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ColBosch

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Re: bitcion and such
« Reply #2 on: 14 December 2017, 22:28:28 »
I'll give some advice that won't run afoul of the rules: don't do it. If you do decide to get involved in Bitcoin, then do your research first, and talk to folks in that community rather than on a fan page for giant robots.
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Lazarus Jaguar

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Re: bitcion and such
« Reply #3 on: 14 December 2017, 23:58:01 »
Cryptocurrency is a bubble.  Dont do it
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ColBosch

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Re: bitcion and such
« Reply #4 on: 14 December 2017, 23:59:05 »
Cryptocurrency is a bubble.  Dont do it

And you won't even have any pretty flowers or stuffed animals to show for it.
BattleTech is a huge house, it's not any one fan's or "type" of fans.  If you need to relieve yourself, use the bathroom not another BattleTech fan. - nckestrel
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Bosefius

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Re: bitcion and such
« Reply #5 on: 15 December 2017, 02:27:07 »
You will need to build a specific computer system to be profitable. There are guidelines online. Those systems are extremely power hungry, as in doubling your power bill easier. Very honestly, from everything I've read, you won't make a profit anytime quickly.
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Kidd

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Re: bitcion and such
« Reply #6 on: 15 December 2017, 06:18:32 »
so i want to experiment  with attempting the new fad...
hold up right there.

Don't jump in because everyone's doing it, its on the news front pages and Leonard Hofstede earned a pile of bucks on it.

You probably don't know the technology or economics of cryptocurrency, the pros and cons surrounding it, and you want to go straight into technical implementation - it's directly analogous to people with neither investing nor business knowledge opening up stock exchange accounts and sinking money into penny stocks.

Yes, you ARE putting in money. "Mining" cryptocurrency is very costly for your electricity bill, particularly for developed countries with high power tariffs.

If you have an interest in this, online literature about cryptocurrency has exploded exponentially along with prices. Read. READ. READ until you are able to understand what its all about.

If you don't, you are falling afoul of Rule #1 of Investing: don't invest in what you don't understand.

Frankly, if you don't do all the above, you would be better off spending your time and energy working your way up the corporate ladder.

On the upside, if you are a gambler, then you might consider putting in your casino money into Bitcoin, withdrawing it into a secure wallet*, and not touching it for the next year or so. But only if this course of action can replace gambling. Frankly if you enjoy gambling to start with, I might say that at least when you gamble you pay the casino for entertainment value. If you do this you might lose your gambling money AND not even have the peripheral fun of doing it.

*if you don't understand what this means, either find out, or don't do it.

(insert pointless disclaimer about investment advice here. Heck, if you're listening to some unknown online persona for investment advice in the first place, you have more problems to reflect upon than where to put your money.)
« Last Edit: 15 December 2017, 06:26:15 by Kidd »

mechnut450

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Re: bitcion and such
« Reply #7 on: 15 December 2017, 06:58:10 »
oh i know ther ea bunch to it that  i know right now but since my pc on all the time for a ftp i figure it possible to use my idle gpu to make money  if possible. if not at least  something to fool around with ... :Like i said i not putting in any money  until i understand it better but i figure if i can get a basic start on it with just my gpu mining  I would like to hear some people xp about it and any possible resources to do some free. ( at least until I figure out if i can afford to do so ) if not I can simple abandon it later on and move over to the next thing to pass my time lol.

pheonixstorm

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Re: bitcion and such
« Reply #8 on: 15 December 2017, 06:59:52 »
If I wanted to do some mining I've got a nice network here all ready to go. 6 decent computers and another 2-3 older machines I could put into the grinder #P

Kidd

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Re: bitcion and such
« Reply #9 on: 15 December 2017, 07:10:59 »
oh i know ther ea bunch to it that  i know right now but since my pc on all the time for a ftp i figure it possible to use my idle gpu to make money  if possible. if not at least  something to fool around with ... :Like i said i not putting in any money  until i understand it better but i figure if i can get a basic start on it with just my gpu mining  I would like to hear some people xp about it and any possible resources to do some free. ( at least until I figure out if i can afford to do so ) if not I can simple abandon it later on and move over to the next thing to pass my time lol.
then the best use of your spare time now is not to set up a mining rig, but READ. Read about cryptocurrency technicals, economics and history stretching all the way back to 2012. Reading a map is always better than driving really fast.

mechnut450

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Re: bitcion and such
« Reply #10 on: 15 December 2017, 22:07:52 »
oh I am reading what I can find. and I am not building a rig for mining, I want to find what will run on my system. ( it on 24/7 most the time now. with only restarts and an down time if we lose power . as I been working on a ftp vpn set up and testing it with a friend help. he keeps making it sound like it not hard and is offering to help me with software(paid kind) and the wallet set up.  But I told him I not putting any money out to start something. if it show me profit and I can later on upgrade like my gpu ( or add a second one ) and run more programs. I dont plan on building a mining rig..

I mean come on I running a 8 core amd that 3.5 with 32 gig ram and a R9 380x gpu. it plays everything I want when I got time. but i Dont have money for newest cards and such. heck if i could get them to work together I run my old card with the new card but I know that wont work since the old one a R7 265.  even with my pc specs it take me years to make a full coin lol. and by then the market would be dead.. like i said i want to experiment with mining encase it proves useful in the future for pc building for others. and ifi  can do so and pay some for  upgrades that great.

 heck I am still working on getting a stable dos mode to run older games like duke nukem and doom on a windows 10 pc lol ( so far it just a sound issue to figure out lol since doss is all but gone  with sound cards support in newer cards.


guardiandashi

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Re: bitcion and such
« Reply #11 on: 16 December 2017, 01:31:29 »
that's what dosbox is for

elf25s

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Re: bitcion and such
« Reply #12 on: 19 December 2017, 11:55:04 »
that's what dosbox is for
beat me to the punch...
but yes dos box is the thing to go with for dos games and other old dos based programs
i had a version of windows 3.11 3.14 and 95 running on dosbox
as for bit coin stuff i suggest get something else other than bitcoin it can get pretty heavy on your cpu at times and it is way over mined with too many people in the chains.
there was a board while back i came across about how to optomize your mining and it had nice easy section on how to for various types of cryptocurrency. sadly its no longer around
but if you are really into or going full blat into cryptomining i suggest a full blown rig usually they are custom made and go from 800usd  to 15k usd
keep in mind that time you put in may not be worth the return.
you sure cannot out run death...but sure as hell you can make that bastard work for it!

mechnut450

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Re: bitcion and such
« Reply #13 on: 19 December 2017, 12:33:43 »
yeah dosbox was fun I need to set up were I can get the sound to work right lol.

As for the mining the one program I am using is gpu style mining. and in about a week I shall see how it worked out. the only time I dont mine
 is when gaming or if I do a restart lol.  I was looking into ether  or so too but I not found that software yet.

elf25s

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Re: bitcion and such
« Reply #14 on: 19 December 2017, 13:55:40 »
http://www.pcgamer.com/what-you-need-to-know-about-cryptocurrency-mining/
here is most recent article about crypto currency etc they also have older articles about set ups and rigs if it helps
and if you want do a search on cracked site for some tongue in cheek reading about the cryptomining...
you sure cannot out run death...but sure as hell you can make that bastard work for it!

mechnut450

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Re: bitcion and such
« Reply #15 on: 20 December 2017, 15:23:20 »
thanks elf that was some good info I need more like that.
 I also found a program to do some of the mining form cpu on there.   Now  I need to find a way to do some extra cooling lol I am up to 44-45 C in temps.  I was thinking of looking for someone that can custom print possible a  hood scoop for my rad. ( have it so it snug to the rad top and set up so it pulls air  out with 120 mm fans on it. like a large hood scoop lol.( the computer now is  keeping the room about 78 degrees which is like 6 degrees warmed than the rest of the upstairs. 

 I also wonder if adjusting the pump faster or slower would remove more heat or effect it anyway. ( testing it as I go ) or even moving it downstairs and run a cable though  wall and see if it heats downstiars up some since it cooler down there instead. or adding another radiator  to the system. ( I know it means more fans and more fluid to move but if i can keep it cooler I be happy.

If not for having my gliders in the room it kept ( they like it above 70 ) I open a window  and/or totally block  the vent to see if it heats entire room upon it own lol..

My wife laughing and say wont need to run a space heater for them now sine the pc actually producing more heat lol.

guardiandashi

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Re: bitcion and such
« Reply #16 on: 20 December 2017, 15:54:29 »
http://www.overclockers.com/nuclear-tower-water-cooling/

this article is how an overclocker "solved" his cooling issues..

I am not saying its your answer but its something to consider.

Kidd

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Re: bitcion and such
« Reply #17 on: 20 December 2017, 16:35:45 »
BTW, hasn't the fact that bitconi has dropped almost 20% in the past few days cooled your ambitions somewhat?

mechnut450

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Re: bitcion and such
« Reply #18 on: 20 December 2017, 20:26:26 »
I will look into the article in morning once i ma back home.  I think it mainly my low rpm fans not moving it enough air. they are like 1200rpm max fans.

I seen, but it all in fun for m. I not putting actual money out expect for electric and that already spent since pc on  ( and counters the heating bill some lol )  If it bounces around like stocks it will start climbing again once holidays are over, If not I can shut it off any time. I can only wait and see. at least until I make my first (deposit into wallet).

elf25s

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Re: bitcion and such
« Reply #19 on: 23 December 2017, 18:39:04 »
https://www.youtube.com/watch?v=j7opj5-32hw
this had been hiding in my recovered bookmarks
you sure cannot out run death...but sure as hell you can make that bastard work for it!

Von Jankmon

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Re: bitcion and such
« Reply #20 on: 26 December 2017, 16:19:52 »
Can someone explain cryptocurrency to me, especially how a blockchain works.
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agen2

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Re: bitcion and such
« Reply #21 on: 27 December 2017, 05:58:52 »
Basically they are treated on the market like raw materials, because there is a demand in bitcoins, but with them you can not pay taxes, because they are not recognized by sovereign states.
So I advise you to stay away from them, unless one day the sovereign states recognize them as payment of taxes, but I think IMO, at that point we are on the verge of a third world war.
 Just remeber that they are raw material and not currency.
« Last Edit: 27 December 2017, 06:02:38 by agen2 »

Bedwyr

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Re: bitcion and such
« Reply #22 on: 27 December 2017, 15:00:04 »
Can someone explain cryptocurrency to me, especially how a blockchain works.

This is probably the best introduction to the technology and how it works in practice: https://arstechnica.com/tech-policy/2017/12/how-bitcoin-works/
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elf25s

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Re: bitcion and such
« Reply #23 on: 27 December 2017, 15:35:08 »
This is probably the best introduction to the technology and how it works in practice: https://arstechnica.com/tech-policy/2017/12/how-bitcoin-works/
damn you beat me to that article...
but it does explain it very nicely

also there are few boards that help newbies i have links to
when and if i get home ill see if i can dig them up btw they not only deal with bitcoin but other cryptominers as well
you sure cannot out run death...but sure as hell you can make that bastard work for it!

Von Jankmon

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Re: bitcion and such
« Reply #24 on: 28 December 2017, 02:59:10 »
So I advise you to stay away from them, unless one day the sovereign states recognize them as payment of taxes, but I think IMO, at that point we are on the verge of a third world war.
 Just remeber that they are raw material and not currency.

Thanks for the heads up and friendly advice.

I have no interest in getting into bitcoin.

First, its a bubble that may pop soon.

Second, I am reluctant to buy into any goods or service that regularly pops up in my junk mail filter.  Bitcoin 'offers' now outnumber Viagra, Russian brides and gambling sites combined.  I find that endorsement dubious.

Third, I don't like how it is a vessel for organised crime and financial obfuscation. Ransomware habitually asks for cryptocurrency.

Fourth, there appears to be nobody behind it that we can see.  So who controls it and to what ends.  I would rather "trust" a national bank.




This is probably the best introduction to the technology and how it works in practice: https://arstechnica.com/tech-policy/2017/12/how-bitcoin-works/

Thanks for that.  I wanted a hype jargon and BS free guide.  You delivered.
Amazing how much misinformation is out there.
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mechnut450

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Re: bitcion and such
« Reply #25 on: 03 January 2018, 20:02:04 »
just a update for you guy, I am actually having some fun with the mining.  it based on my cpu ( one I am using mainly. the gpu miner was really slow on turn around. it took it just over 2 weeks to make 60cents or .00005 of a bitcoin. and ran hard.  the other program I using ( i started only on the 20th) and it already up to about 22 bucks or .0015 of a bitcoin.  the other program running does so on my cpu and suggest I could make about  80 a month.

I love the fact I not had to run our space heater in the glider room to keep the minimum  temps in here at all. ( I actually need to figure out how to move more of the heat out of the room at night lol.. ( temps are almost in the higher 70s)  I have actually had a coworker and some others start asking me how it was going and expressed interest in having me upgrade their systems to run  or even build them a new system as they running old dual core systems that using ddr2 ram lol..

Bedwyr

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Re: bitcion and such
« Reply #26 on: 04 January 2018, 01:48:24 »
Well if you’re having fun and it’s not hurting you, good for you.
Alas poor Photobucket. I knew him Horatio, a fellow of infinite jest, of most excellent fancy.

mechnut450

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Re: bitcion and such
« Reply #27 on: 07 January 2018, 16:50:37 »
I editted post
   I was saying to pm me so I didn't post/ advertise for the company in the forums.   I just figure I share the info via pm .  I didn't know about the referrals part until this evening.  if interest in the program it a free program.
« Last Edit: 07 January 2018, 17:18:57 by mechnut450 »

Bedwyr

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Re: bitcion and such
« Reply #28 on: 07 January 2018, 17:01:31 »
No. And please don't solicit in the forums to take PM requests and referrals either. I'll let that one slide and we certainly don't police what happens in PM. But explicitly calling for business dealings on PM is something we prevent. It takes the forum to ugly places.

So we can talk *about* the thing. People can PM unsolicited requests and we won't deal with it, let alone know about it (unless there is abuse that gets back to us, which is a very serious thing). But no "message me and we'll do business <wink> <wink>" please. Thanks.

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mechnut450

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Re: bitcion and such
« Reply #29 on: 07 January 2018, 17:21:33 »
changed post      but program is free ( I like i said before i wont pay for or use a program i have to pay for or give info too. )

 I not even put a card to my wallet  lol..  I figure I wait until it a grand then pull it out of my wallet into paypal or some thing later on.. I will mainly be using the funds to upgrade if I get the chance too.

 

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