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  #11 (permalink)  
Old February 18, 2012, 12:15 AM
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Wonder how much these people make


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Old February 19, 2012, 09:18 AM
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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.
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Old February 19, 2012, 10:34 AM
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Bitcoin Mining PaulStamatiou.com


GUIMiner Download - Softpedia
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  #14 (permalink)  
Old February 19, 2012, 05:16 PM
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Thanks for all the info everyone. I think that I am going to skip out on the bitcoin mining and just stick to FAH.
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Old February 19, 2012, 05:37 PM
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Is there any evidence to suggest it may pick up again?
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Old February 23, 2012, 06:35 AM
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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
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Old February 23, 2012, 06:39 AM
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Quote:
Originally Posted by TedShackley View Post
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
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Old March 23, 2012, 12:42 AM
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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')
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Old July 6, 2012, 11:10 AM
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Quote:
Originally Posted by dropt View Post
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))
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