Silk Road forums

Market => Product requests => Topic started by: crazycanadian on October 24, 2012, 04:23 am

Title: looking for info on bitcoin mining... Plus shipping methods..
Post by: crazycanadian on October 24, 2012, 04:23 am
haha, I figured I would knock off 2 birds with one stone.. I am wondering about bitcoin mining and willing to buy a guiide or compensate for someone to truly explain it to me... Also looking for shipping methods, I already have good ideas etc and thinking of vending here on SR, but wondering if such shipping methods would work from say... South america to.. North america.. email me crazycanadian@tormail.org or msg me on the SR marketplace at crazycanadian
Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: parabol on October 24, 2012, 08:22 pm
User bitcoin mining is about to die. The difficulty will skyrocket when new hardware of butterfly labs ships (that is if this is not a scam). The claim they do hash rate of various gigs per second. You can still give it a try. Try guiminer, is a automated miner for starters, also you have to register in a pool to get a miner.

This is a mine http://mining.bitcoin.cz/ there are many. Register and get your miner
Here guiminer: https://bitcointalk.org/?topic=3878.0
Here a mining calculator http://www.alloscomp.com/bitcoin/calculator
Enter the mh/s per second your computer delivers. You need at least 500 mh/s for it to be worth it. At least that is what I think.

About shipping, you'll have to figure them out by yourself. No one is gonna reveal that info and you also shouldn't be asking like that.

Here some basic guidelines for an order to be Stealth:

1. Properly Sealing.
note: Nowadays there are alternatives to vacuum or to use in conjunction to vacuum.
2. Exterior of the package/envelope. How does it look, how does it feel.
3. Interior.
Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: TheGoodSon on October 25, 2012, 01:42 am
Unless you're going to sink $5000 or more into a dedicated FPGA computer, don't bother. Those who can afford such machines will have an advantage over small time users by a few orders of magnitude. I looked into it a while back, and the cost:benefit ratio isn't there any more. Even running quad Radeons doesn't come close to a pair of 4-per-board FPGAs.

If you're interested in such systems, these are the best on the web:

http://picocomputing.com/
Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: sniper123 on October 26, 2012, 06:24 am
Unless you're going to sink $5000 or more into a dedicated FPGA computer, don't bother. Those who can afford such machines will have an advantage over small time users by a few orders of magnitude. I looked into it a while back, and the cost:benefit ratio isn't there any more. Even running quad Radeons doesn't come close to a pair of 4-per-board FPGAs.

If you're interested in such systems, these are the best on the web:

http://picocomputing.com/
Are you saying that some of these cpu's have 16 video cards? Omg think what battlefield 3 would look on that computer. You could have four monitors.
Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: GiveUsSome on October 26, 2012, 06:27 am
$1500 will put you on the Pre-Order list for the BFL Single. If they are not a scam they should make your money back in 6 months (that's my estimate as the difficuly will increase when they come out)

of course they may be scam, and if their not there will be a huge back log so order now and you may get it by june 2013
Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: TheGoodSon on October 26, 2012, 02:22 pm
Unless you're going to sink $5000 or more into a dedicated FPGA computer, don't bother. Those who can afford such machines will have an advantage over small time users by a few orders of magnitude. I looked into it a while back, and the cost:benefit ratio isn't there any more. Even running quad Radeons doesn't come close to a pair of 4-per-board FPGAs.

If you're interested in such systems, these are the best on the web:

http://picocomputing.com/
Are you saying that some of these cpu's have 16 video cards? Omg think what battlefield 3 would look on that computer. You could have four monitors.

To my knowledge, only 8 GPUs have been made to work for computational tasks so far (very unstable though). The Radeon cards that I was talking about are the single-GPU kind.

Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: bear paw on October 26, 2012, 05:56 pm
you need very expensive programs and a computer to mine. ill message you tonight man.
Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: 2CBCB on October 26, 2012, 11:06 pm
I've got a single coming soon.

ASIC machines seem to be the only way forward for any serious bitcoin miner.
Even several thousand-strong nets of slaves isnt particularly good... unless you can infect the entire userbase of somewhere like HardOCP
Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: crazycanadian on October 27, 2012, 02:41 am
parabol- a pool?
Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: Marshall123 on November 12, 2012, 11:40 pm
$1500 will put you on the Pre-Order list for the BFL Single. If they are not a scam they should make your money back in 6 months (that's my estimate as the difficuly will increase when they come out)

of course they may be scam, and if their not there will be a huge back log so order now and you may get it by june 2013

Try 12+ months...

Since BFL's preorders sum up to about 500 Th/s already, the halving of the blocks, and the other 2 big players out there, the difficulty will skyrocket to a point where you get about 7-10 BTC a month with a single. A single being 1299 means you break even in about 10-12 months, and that's without taking power into account, nor the fact that you never know what the market or technology will bring in a year time.
I for one pre-ordered 6 jalapenos and a single, but I asked for a refund; I'm not gonna wait a year to breakeven :)
Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: bencooo on November 13, 2012, 05:13 pm

Try 12+ months...

quite conservative but ok :)

Since BFL's preorders sum up to about 500 Th/s already,

where is this number from? or it is only your estimate?

BFL clearly stated that they ordered 20 000 pieces of their ASIC chips from fab for upcoming batch plus some reserve. Every ASIC chip has 7.5GHash => total of 150Thash.
Title: Re: looking for info on bitcoin mining... Plus shipping methods..
Post by: GiveUsSome on November 15, 2012, 03:09 am
$1500 will put you on the Pre-Order list for the BFL Single. If they are not a scam they should make your money back in 6 months (that's my estimate as the difficuly will increase when they come out)

of course they may be scam, and if their not there will be a huge back log so order now and you may get it by june 2013

Try 12+ months...

Since BFL's preorders sum up to about 500 Th/s already, the halving of the blocks, and the other 2 big players out there, the difficulty will skyrocket to a point where you get about 7-10 BTC a month with a single. A single being 1299 means you break even in about 10-12 months, and that's without taking power into account, nor the fact that you never know what the market or technology will bring in a year time.
I for one pre-ordered 6 jalapenos and a single, but I asked for a refund; I'm not gonna wait a year to breakeven :)

do your sums take into account the amount of GPU miners who will stop due to the fact it not being worth their while anymore?

Or the amount of fake orders that were made thru BFL?