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This a good deal for a start at mining bitcoin?

#150inchDLPPosted 11/18/2013 8:27:22 PM
http://albany.craigslist.org/sys/4198036918.html
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http://www.youtube.com/user/Thereal50inchDLP -contains my Dreamcast project of putting HD vids of each US game up.http://bf3stats.com/stats_360/louerina
#2HydroCannabinolPosted 11/18/2013 8:39:08 PM
Lol no one mines BTC with GPUs anymore... well only ignorant suckers.

LTC is where its at for GPU. :P
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Steam ID: Mind_Explosion
I thought I chose very easy, not brand new to the game. - CheesyPhil
#3g7g7g7g7Posted 11/18/2013 8:58:40 PM
Not really, secondhand electronics are worthless, especially in bulk. As a job lot offer him half what he is asking.

Offer him $1500 but be willing to go up to $1750 and no more.
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You never see people quoting each other in sigs anymore. - Adam Laz
#4xanthan1Posted 11/18/2013 9:20:19 PM
You guys also forgot that the thing is likely to die soon and will more likely then not burn his house down before he makes ANYTHING off it but shame and buyers remorse.
#5r0ge00Posted 11/18/2013 11:03:43 PM
No one mines with GPUs anymore, at least no one with half a clue. ASICs are what people are using now. I've heard they take a while to get after you pay. Maybe someone else has some more experience.
#6AerothosPosted 11/19/2013 12:03:44 AM
Bitcoin mining? i've read a bit about it. So you're paid bit coins to make your computer run math calculations, but it rarely succeeds? What exactly are the calculations being used for? Why do they only succeed sometimes?
#7ggf162Posted 11/19/2013 12:08:05 AM
Aerothos posted...
Bitcoin mining? i've read a bit about it. So you're paid bit coins to make your computer run math calculations, but it rarely succeeds? What exactly are the calculations being used for? Why do they only succeed sometimes?


https://en.bitcoin.it/wiki/Mining
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#8AerothosPosted 11/19/2013 12:55:30 AM
Wow, ok so this is what i get so far. The calculations are actually a security system that constantly checks and rechecks every transaction ever made with bitcoins to prevent fraud. (do they serve any other purpose?)

Hidden in the code of these branching calculations is essentially a lottery ticket that says u just got paid some bit coins for participating in our security system. (multiple other miners check the authenticity of this thus ensuring the system isn't taken advantage of, and get a small amount of coin?)

The calculations keeps getting more complex requiring a borderline super computer at this point to really pull any kind of profit. (Is this to ensure that not too many bitcoins are created too quickly thus reducing their value?)

I think this is the gist of it but if anyone can kinda fill in anything i missed that would be helpful.
#90cu_87Posted 11/19/2013 1:49:20 AM
If you want to make any cash at all, buy yourself an ASIC. Mining with your GPU is a waste of time and a waste of valuable gaming time.