Bitcoin Mining??

[artistpavel]

Wonder how much these people make

[Mathus]

Mother of God! - mother of god

Yea, only around $22,500 in graphics cards for that top picture....no big deal lol
I really hope that the setup paid for it's for that guy, or if he is at least using it for folding.

[yycraven]

Bitcoin Mining — PaulStamatiou.com


GUIMiner Download - Softpedia

[Mathus]

Thanks for all the info everyone. I think that I am going to skip out on the bitcoin mining and just stick to FAH.

[dandelioneater]

Is there any evidence to suggest it may pick up again?

[TedShackley]

its probably code breaking for the worst kind of criminals like the mossad or CIA, and at the end of the scam, they will do a 'pump and dump' which is just robbing the outsiders at the end

and guess what, we are on the outside

[KaptCrunch]

Originally Posted by TedShackley

its probably code breaking for the worst kind of criminals like the mossad or CIA, and at the end of the scam, they will do a 'pump and dump' which is just robbing the outsiders at the end

and guess what, we are on the outside

pyramid scheme

[dropt]

A little late to this thread, but there's a lot of wack information in here. It's not a pyramid scheme, or a ponzi scheme, nor is it a pump and dump. It's an attempt at a decentralized p2p currency that is seemingly doing quite well (and growing.)

Those two pictures that were posted, the first is a bench of 6950's. All together at the current values for exchange and difficulty is pulling ~ ~2400 USD a month (before power).

The bed full of what I assume are 5970's would be pulling about ~2700 USD/month (pre power).

In fact, if you follow it at all you'll know that people are now starting to go the route of FPGA (Field Programmable Gate Array). Think of it as a purpose built circuit that does nothing other than compute SHA-1 hashes for mining bitcoin.

There's still plenty of profit to be made if you're smart (going out and buying 70 7970's to start mining is not 'smart')

[enzo matrix]

Originally Posted by dropt

A little late to this thread, but there's a lot of wack information in here. It's not a pyramid scheme, or a ponzi scheme, nor is it a pump and dump. It's an attempt at a decentralized p2p currency that is seemingly doing quite well (and growing.)

Those two pictures that were posted, the first is a bench of 6950's. All together at the current values for exchange and difficulty is pulling ~ ~2400 USD a month (before power).

The bed full of what I assume are 5970's would be pulling about ~2700 USD/month (pre power).

In fact, if you follow it at all you'll know that people are now starting to go the route of FPGA (Field Programmable Gate Array). Think of it as a purpose built circuit that does nothing other than compute SHA-1 hashes for mining bitcoin.

There's still plenty of profit to be made if you're smart (going out and buying 70 7970's to start mining is not 'smart')

SHA-2 not SHA-1. Specifically, 256.

Edit: a double sha256, so not just one. So it's like SHA256(SHA256(n))