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BitCoin Mining and Free Electricity

#31Ch3wyPosted 12/9/2013 5:43:29 PM
ATARIJAWA posted...
XxTwisted26xX posted...
Hmm, well lets say that paying electricty isnt a concern. It will be paid off.

With 4 poopy laptops and my current rig, it will be a good nice money gain?

I think they said its $9 a Bitcoin right now?


With the rate it's going with the recent surge of users in the last few weeks even with 4 laptops and your rig it would take over a year to make 1 bitcoin. The time of making money on it has passed. It's the end of the fad now and the crash is just around the corner.


They said that when it was $140.
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#32XxTwisted26xX(Topic Creator)Posted 12/9/2013 10:31:51 PM
Will mining bitcoins slow down my internet network btw? Like should I connected everything to the internet router with ethernet cables and not wirelessly?
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Steam: xxtwisted26xx
Not the best but it's my first: i5-3570k(CPU) Memory 8GB (RAM) Radeon HD 7970 (GPU) Rosewell 650 (PSU) 120GB King (SSD) Asus VN247HP 1ms
#33Worknofun370Posted 12/10/2013 8:49:28 AM
Ch3wy posted...
ATARIJAWA posted...
XxTwisted26xX posted...
Hmm, well lets say that paying electricty isnt a concern. It will be paid off.

With 4 poopy laptops and my current rig, it will be a good nice money gain?

I think they said its $9 a Bitcoin right now?


With the rate it's going with the recent surge of users in the last few weeks even with 4 laptops and your rig it would take over a year to make 1 bitcoin. The time of making money on it has passed. It's the end of the fad now and the crash is just around the corner.


They said that when it was $140.


Do you understand how Mining bitcoins works? And why it becomes less feasible as time passes?
#34XxTwisted26xX(Topic Creator)Posted 12/10/2013 10:18:24 AM
I know theres a limit on how many bit coins can be found a day and the value awarded is halved every 4 years.

Out of my 5 computers set up, only 3 are able to mine. The other 2 laptops from 2008 said they can only CPU mine and they still havent found anything :(.
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Steam: xxtwisted26xx
Not the best but it's my first: i5-3570k(CPU) Memory 8GB (RAM) Radeon HD 7970 (GPU) Rosewell 650 (PSU) 120GB King (SSD) Asus VN247HP 1ms
#35RavenoussdPosted 12/10/2013 10:27:10 AM
ThePCElitist posted...
Fade2black001 posted...
I would imagine the laptops Overheating unless you got some really dope ass cooling for them.


Dope ass cooling

This should be the name of a company.


lol
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