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Rant What was the point in being in IT, if we missed the bitcoin boom?

Discussion in 'General' started by rainbowbridge, 1 Dec 2013.

  1. Weekly_Estimate

    Weekly_Estimate Gives credit where its due

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    Fancy sharing a guide or?

    Sent from my GT-I9305 using Tapatalk
     
  2. MrDomRocks

    MrDomRocks Well-Known Member

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    https://litecoin.info/Mining_tutorials

    Is what I looked at using nvidia gpu mining. Couldn't connect to a pool so will be looking for a good one.

    The Mothership
     
  3. SuicideNeil

    SuicideNeil New Member

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    This is how I see it, form a non-IT / non-Techy perspective:


    Thing is, working in IT means basically fixing computers, setting up networks and doing nerdy things to make computers talk to each other; it doesn't really have anything to do with understanding investment opportunities. That's the kind of thing venture capitalists and investment bankers would have looked into or gone probing around to learn about, since it's still currency at the end of the day, nothing more, nothing less. The fact you can 'mine' bitcoins just means any potential investor would get a nerd to build them a machine to do it, or would find out how to do it for them self- working in IT might mean you had more of a chance to be included in the boom, but back then it was far more of an underground thing so mainstream folks didn't find out until too late...
     
  4. kirk46

    kirk46 Cheesecake Nom Nom

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    We mine ltc is the pool I use. .. no fees

    Sent from my GT-I9505 using Tapatalk
     
  5. Weekly_Estimate

    Weekly_Estimate Gives credit where its due

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    Set this up at 3 in the morning then still woke up for work at 7 yes!!

    Woke up to about 00.02 litecoins so should have 1 in 3 days I guess

    Sent from my GT-I9305 using Tapatalk
     
  6. MrDomRocks

    MrDomRocks Well-Known Member

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    I'm hoping to get mining overnight and see what happens just leave my system running.

    Checked the price if LTC from what I found it is currently $35 but that might be wrong.

    Here's hoping to break even or epic monies.

    The Mothership
     
    Last edited: 3 Dec 2013
  7. Weekly_Estimate

    Weekly_Estimate Gives credit where its due

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    Certainly going to be interesting thanks for getting me into this lol :p

    Sent from my GT-I9305 using Tapatalk
     
  8. motoroller

    motoroller New Member

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    I started LTC last night. Any tips?

    Do NOT use wemineltc. They skim off 30-40% of the hashes you generate. Use the litecoin calculator to see what you'd expect to earn, and compare that to what you actually earn.

    I've moved to givemecoins.

    How do we sell litecoins?
     
  9. kirk46

    kirk46 Cheesecake Nom Nom

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    and where have you got this info from??

    ive been mining there since April and not have any issues?

    sell them at BTC-E thats where i go.....

    you can withdraw via paypal with a 6% fee, $500 minimum

    its very difficult other ways ive found..
     
    Last edited: 3 Dec 2013
  10. motoroller

    motoroller New Member

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  11. Weekly_Estimate

    Weekly_Estimate Gives credit where its due

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    Don't sell save save save DAT der USB in my pocket worthless nope got 0.02 litecoins on

    Damn smart computer turned off just after I went to work then restarted 5 minutes before I got home

    I use to see members "folding allot" and I always toke it as code for mining what is folding?

    Anyone want to invite me into the secret bit tech mining society yet?
     
  12. GeorgeStorm

    GeorgeStorm Aggressive PC Builder

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    Folding is normally used to mean folding @ home which uses distributed computing to perform calculations to try and help with medical research.
     
  13. Teelzebub

    Teelzebub Up yours GOD,Whats best served cold

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    Not forgetting helping Stanford University getting huge grants for research that everyone else does for them free, And of course making your electric bill even higher :thumb:
     
  14. TaRkA DaHl

    TaRkA DaHl New Member

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    Mining with give me LTC personally, they seem to have a blip daily where they drop out for a while so I stuck in a backup pool with multipool. I put in multipools jumping scrypt server, so I mine random coins when with them. Maybe one of those random coins will amount to something and I will have random cash sitting there in the future.
     
  15. kirk46

    kirk46 Cheesecake Nom Nom

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  16. alecamused

    alecamused Member

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    So apart from missing the bitcoin hype ..
    Litecoin as silver (in relation to bitcoin as gold). What do you imagine the limits of litecoin would be in the next few months?

    And what do you think about the crapload of other crypto-coins. Does anyone of you see the next big thing? Or will bitcoin and litecoin be the only ones with that rise in value.
    PPC (Peercoin) is being involved with the upcoming springfield trek convention, which might give it a push in demand/value/believability.
     
  17. Yariko

    Yariko New Member

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    Well, I still have two GTX460 for folding@home rig, but I need all the other components to get the rig ready :D Really like what they are doing, it's pretty much my way to do something for "the charity", I've folded 1961 WUs with my GTX560Tis and little bit with 8800GT :p

    But hey guys, anyone mining PPC (Peercoin) ?
     
  18. MrDomRocks

    MrDomRocks Well-Known Member

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    Just bidding on a 5850 if that goes through picking up an ITX board with a fullsize pcie so I can use my currently defunct media centre pc for mining. Will see how things go xD
     
  19. Weekly_Estimate

    Weekly_Estimate Gives credit where its due

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    Interesting, I'm looking at getting one aswel currently mining at 700 kh/s which sucks!

    Some cards have got up too 1500kh/s lol
     
    Last edited: 5 Dec 2013
  20. motoroller

    motoroller New Member

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    I'm thinking about the three main "alternative" cryptocurrencies. Litecoin, peercoin and feathercoin.

    I've got two Gigabyte 7970's in my main PC which I'm thinking of removing for LTC and replacing with nVidia cards.





    What kind of hash rate does a 5850 give?

    I'm guessing you've got a 7950 or 7970 for 700kh/s?
     

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