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Bitcoin Q & A - Ask Me Anything

Travis
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What do you suggest I do if I wanna do both make money and help support the network?

 

To make money:

Get a job.

 

To support the network:

Mine on your graphics card while away from your computer. Also, try to adopt the currency and tell friends and family about it.

~Judah

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To make money:

Get a job.

 

To support the network:

Mine on your graphics card while away from your computer. Also, try to adopt the currency and tell friends and family about it.

 

haha thanks xD i have a job right now I was just doing this as an extra way source of money/for fun it won't be my main income source. 

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How folding can be profitable instead of mining?

 

Usually miners try to get some money out of their efforts.

 

Folding gives you the satisfaction of knowing that you put in time and effort into a cause that is greater than any one person can do (without getting anything in return)

 

So in short, if you fold lots (think multiple 64-core machines running 24/7) you will become a billionare

~Judah

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  • 3 weeks later...
Posted

what is a good cuda miner since the last one I tried almost gave me a virus

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what is a good cuda miner since the last one I tried almost gave me a virus

Cuda Miner is a program, not a general name for a group of programs... 

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Cuda Miner is a program, not a general name for a group of programs... 

As you can see I am a noob in the mining comunity

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Explain to me, what Bitcoins and Bitcoin mining is like you would to a 5 year old.  I still dont understand it. 

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Currently it's $137 USD.

Keep in mind this is ever changing. It also changes based on where you get them. Remember, the price is not defined. The price is made based on what people are willing to give for them.

 

If you are curious on their prices, you can go to https://mtgox.com/ and view the "Last Price" amount at the top. Mt.Gox handles the most bitcoins compared to any other site so their prices are the most "accurate".

You may find them cheaper other places though.Or more expensive.

hahaha 137 times have changed... times have changed

 

 

Also are you still bitcoin mining

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Explain to me, what Bitcoins and Bitcoin mining is like you would to a 5 year old.  I still dont understand it. 

 

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  • 4 months later...
Posted

what software is best to mine 1 bit coin at this point in time, and how long will it take to run  on my rig, spec in my sig

My Rig  

 
PCPartPicker part list: http://ca.pcpartpicker.com/p/kGNksY

 

CPU: Intel Core i7-4770 3.4GHz Quad-Core Processor  ($379.00 @ shopRBC) 

CPU Cooler: RAIJINTEK THEMIS 65.7 CFM Sleeve Bearing CPU Cooler  ($34.99 @ NCIX) 

Motherboard: MSI CSM-H87M-G43 Micro ATX LGA1150 Motherboard  ($78.83 @ DirectCanada) 

Memory: Kingston HyperX 16GB (4 x 4GB) DDR3-1600 Memory  ($139.99 @ Memory Express) 

Storage: Kingston Fury 120GB 2.5" Solid State Drive  ($71.34 @ DirectCanada) 

Storage: Seagate Barracuda 2TB 3.5" 7200RPM Internal Hard Drive  ($92.95 @ Vuugo) 

Video Card: Gigabyte Radeon R9 280X 3GB Video Card  ($298.98 @ Newegg Canada) 

Case: Fractal Design Define R4 w/Window (Black Pearl) ATX Mid Tower Case  ($125.98 @ Newegg Canada) 

Power Supply: Corsair CX 600W 80+ Bronze Certified Semi-Modular ATX Power Supply  ($66.99 @ NCIX) 

Operating System: Microsoft Windows 8.1 - 64-bit (OEM) (64-bit)  ($116.00 @ shopRBC) 

Case Fan: Cougar Turbine 120 (4-Pack) 60.4 CFM 120mm  Fans  ($23.99 @ NCIX) 

Monitor: HP 22xi 60Hz 21.5" Monitor  ($187.11 @ Amazon Canada) 

Monitor: HP 22xi 60Hz 21.5" Monitor  ($187.11 @ Amazon Canada) 

Keyboard: Logitech G710 Wired Gaming Keyboard  ($114.99 @ NCIX) 

Mouse: Razer DeathAdder 2013 Wired Optical Mouse  ($76.99 @ Amazon Canada) 

Headphones: Kingston HyperX Cloud Pro Headset  ($78.98 @ DirectCanada) 

Total: $2074.22

Prices include shipping, taxes, and discounts when availableGenerated by PCPartPicker 2015-04-10 15:33 EDT-0400Build log http://linustechtips.com/main/topic/303263-the-dell-from-hell/#entry4121100 

Phone Compassion Spreadsheet https://docs.google.com/spreadsheets/d/1EN6s426gyxqPloIqT4wQ7Y7yovkkQy_5B3djVN-N-R8/edit#gid=0


Gta V Pc Online Crew http://linustechtips.com/main/topic/344773-unofficial-linus-tech-tips-gta-v-crew-pc/

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what software is best to mine 1 bit coin at this point in time, and how long will it take to run  on my rig, spec in my sig

 

On your current setup, mining at 100% 24/7, it will take 2742.46 YEARS to mine a single coin. This is on the current difficulty, which will increase as time goes on. So you are likely going to take longer than that.

If you want to support the network, run a node. If you want to make money, find a job.

~Judah

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On your current setup, mining at 100% 24/7, it will take 2742.46 YEARS to mine a single coin. This is on the current difficulty, which will increase as time goes on. So you are likely going to take longer than that.

If you want to support the network, run a node. If you want to make money, find a job.

i just wanted to buy a monstercat album

My Rig  

 
PCPartPicker part list: http://ca.pcpartpicker.com/p/kGNksY

 

CPU: Intel Core i7-4770 3.4GHz Quad-Core Processor  ($379.00 @ shopRBC) 

CPU Cooler: RAIJINTEK THEMIS 65.7 CFM Sleeve Bearing CPU Cooler  ($34.99 @ NCIX) 

Motherboard: MSI CSM-H87M-G43 Micro ATX LGA1150 Motherboard  ($78.83 @ DirectCanada) 

Memory: Kingston HyperX 16GB (4 x 4GB) DDR3-1600 Memory  ($139.99 @ Memory Express) 

Storage: Kingston Fury 120GB 2.5" Solid State Drive  ($71.34 @ DirectCanada) 

Storage: Seagate Barracuda 2TB 3.5" 7200RPM Internal Hard Drive  ($92.95 @ Vuugo) 

Video Card: Gigabyte Radeon R9 280X 3GB Video Card  ($298.98 @ Newegg Canada) 

Case: Fractal Design Define R4 w/Window (Black Pearl) ATX Mid Tower Case  ($125.98 @ Newegg Canada) 

Power Supply: Corsair CX 600W 80+ Bronze Certified Semi-Modular ATX Power Supply  ($66.99 @ NCIX) 

Operating System: Microsoft Windows 8.1 - 64-bit (OEM) (64-bit)  ($116.00 @ shopRBC) 

Case Fan: Cougar Turbine 120 (4-Pack) 60.4 CFM 120mm  Fans  ($23.99 @ NCIX) 

Monitor: HP 22xi 60Hz 21.5" Monitor  ($187.11 @ Amazon Canada) 

Monitor: HP 22xi 60Hz 21.5" Monitor  ($187.11 @ Amazon Canada) 

Keyboard: Logitech G710 Wired Gaming Keyboard  ($114.99 @ NCIX) 

Mouse: Razer DeathAdder 2013 Wired Optical Mouse  ($76.99 @ Amazon Canada) 

Headphones: Kingston HyperX Cloud Pro Headset  ($78.98 @ DirectCanada) 

Total: $2074.22

Prices include shipping, taxes, and discounts when availableGenerated by PCPartPicker 2015-04-10 15:33 EDT-0400Build log http://linustechtips.com/main/topic/303263-the-dell-from-hell/#entry4121100 

Phone Compassion Spreadsheet https://docs.google.com/spreadsheets/d/1EN6s426gyxqPloIqT4wQ7Y7yovkkQy_5B3djVN-N-R8/edit#gid=0


Gta V Pc Online Crew http://linustechtips.com/main/topic/344773-unofficial-linus-tech-tips-gta-v-crew-pc/

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  • 2 months later...
Posted

Would it be worth anything to mine with my rig? GTX 980 SLI, 16gb ram, i7 4790k. Would it actually make a profit or just use more electricity

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Would it be worth anything to mine with my rig? GTX 980 SLI, 16gb ram, i7 4790k. Would it actually make a profit or just use more electricity

 

No profit, those 980 will eat your power bill.

~Judah

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hi,
i was tried to minig BTC in pool last time in cca year 2012 or 2013 :) 
ive readed some forums if its worth to run minning on my new (half year old) desktop pc.
 
with config i5 4690k and geforce gtx780, 8GB RAM. 
 
and it is possible to run mining on GPU and CPU simultaneously ? or what will bring more succes, GPU or CPU ?
 
ive find some information that is possible to get cca. 500 hashrate with my GPU. can it be true ?
 
and another Q: litecoin cost less than BTC. so that means that is possible to earn faster less amouth with LTC ?

PS: i found info on : 

http://www.coinwarz.com/cryptocurrency

and

http://www.reddit.com/r/litecoinmining/comments/1wguw4/expected_hash_rate_on_nvidia_gtx_780/

 

thanx for answer

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hi,

i was tried to minig BTC in pool last time in cca year 2012 or 2013 :) 

ive readed some forums if its worth to run minning on my new (half year old) desktop pc.

 

with config i5 4690k and geforce gtx780, 8GB RAM. 

 

and it is possible to run mining on GPU and CPU simultaneously ? or what will bring more succes, GPU or CPU ?

 

ive find some information that is possible to get cca. 500 hashrate with my GPU. can it be true ?

 

and another Q: litecoin cost less than BTC. so that means that is possible to earn faster less amouth with LTC ?

PS: i found info on : 

 

thanx for answer

 

IF you had free electricity, it might be worth it. As long as your goal is to NOT be making any money, and simply to help increase the overall power and security of the network, i say go for it.

 

However if your only motive is for profit, that boat already came and left. Sorry dude. No money to be found here.

~Judah

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IF you had free electricity, it might be worth it. As long as your goal is to NOT be making any money, and simply to help increase the overall power and security of the network, i say go for it.

 

However if your only motive is for profit, that boat already came and left. Sorry dude. No money to be found here.

ok thank you for answer.

 

imagine i would get this :

 

http://www.dhgate.com/product/bitmain-antminer-s5-1155gh-s-0-51j-g-batch/216320560.html

 

how much nowdays can it take until it will be possible to mine 1 BTC ? please...

 

i found also site to calculate time to mine 1 BTC, but i was not able to find it out :D

http://www.dhgate.com/product/promotion-the-smallest-bitcoin-miner-in-the/211384722.html?recinfo=1,2,13#cppd-13-5|null:2

 

and second think: what is that :

 

http://www.dhgate.com/product/hot-bitcoin-miner-ant-miner-u1-usb-miner/185221280.html?recinfo=1,2,4#cppd-4-5|null:2

 

USB Miner ? lol

 

this is also lol

http://www.dhgate.com/product/promotion-the-smallest-bitcoin-miner-in-the/211384722.html?recinfo=1,2,13#cppd-13-5|null:2

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ok thank you for answer.

 

imagine i would get this :

 

http://www.dhgate.com/product/bitmain-antminer-s5-1155gh-s-0-51j-g-batch/216320560.html

 

how much nowdays can it take until it will be possible to mine 1 BTC ? please...

 

i found also site to calculate time to mine 1 BTC, but i was not able to find it out :D

http://www.dhgate.com/product/promotion-the-smallest-bitcoin-miner-in-the/211384722.html?recinfo=1,2,13#cppd-13-5|null:2

 

and second think: what is that :

 

 

http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1155.00&p=300&pc=0.05&pf=0.00&d=46684376316.86030000&r=25.00000000&er=284.78000000&hc=370''>http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1155.00&p=300&pc=0.05&pf=0.00&d=46684376316.86030000&r=25.00000000&er=284.78000000&hc=370'>http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1155.00&p=300&pc=0.05&pf=0.00&d=46684376316.86030000&r=25.00000000&er=284.78000000&hc=370

 

You will break even after 100 or so days, likely never because the difficulty is always going up.

 

You will mine a single coin after 2000 days.

 

 

Best of luck to you.

~Judah

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OK, thx and what about theese USB miners :D is this funny and un-usefull, am i right ?

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OK, thx and what about theese USB miners :D is this funny and un-usefull, am i right

 

 

as i said above, if you are trying to help the BitCoin network go ahead. If you are trying to make money, you wont.

 

If there were a magical dongle, that plugged in via usb, and made free money... EVERYONE would be using them. The fact that the free money has not happened, and very few people have them at all, shows that it just is not profitable anymore.

 

 

Another idea, BitNodes has an incentive program for running a full BitCoin Node. I am currently taking part in that program.

If you have spare hardware, or money to spend, check this out:

https://getaddr.bitnodes.io/nodes/incentive/

I guarantee you, if you make any money at all through BitCoins it will be through this and not mining.

 

 

I hope this helps

~Judah

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  • 5 weeks later...
Posted

So I have a pc at home not doing anything 26 days a month, I don't know any more than the previous sticky thread about Bitcoin.

What is a good place for me to learn on how to turn my pc into something useful?

Intel 5820K ¬ ASUS x99 Deluxe ¬ HyperX Predator 3000Mhz 16gb ¬ Gigabyte Titan X ¬ SuperFlow Leadex 850W ¬ Crucial Mx100 512Gb x2 RAID 0 ¬ NZXT H440 + HUE + X61 ¬ ASUS ROG Swift

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