Bitcoins!

P1n3apqlExpr3ss · Jun 11, 2011

Goddamnit didnt think of that... anyway to let virtualbox harness power at all? Or does linux need to be standalone?

So to get this running, i need to download ubuntu iso + linux catalyst drivers + mining client = BTC?

n-ster · Jun 11, 2011

If virtualbox doesn't let OpenCL work properly, you won't be able to use it to mine.

ubuntu iso + linux catalyst drivers + mining client should do great... but you also got to install the OpenCL drivers if they arent included in the CAT drivers. you got to download the bitcoin client as well also. There are a few Linux guides if you do a search in the bitcoin forums

P1n3apqlExpr3ss · Jun 11, 2011

Ive returned a vastly smarter man, as a result ive downloaded linux twice, made that dual boot. For no real purpose.

Currently downloading the blocks using client 0.3.21 and poclbm0428, on windows that is

As for how you receive money from it? (this allowed or not? saw something on first page of thread but not too sure, so feel free to edit this post) you go send coins and send to the address of buyer and receive whatever reward via paypal or whoever?

Also is anyone here part of a pool? They worth it or not?

More and more questions, i know ive got GPU mining up and going but how do i know/see CPU is as well?

Oh yea, does it need a constant internet connection? My internet is turned off every night...

n-ster · Jun 11, 2011

Needs internet,pool is a must, mining on windows has no real downside, I use the IRC channel bitcoin-otc to sell, if you want another way, PM me

FINALLY price is going down a bit

P1n3apqlExpr3ss · Jun 11, 2011

Will look into selling more once ive acumalated some BTC in the first place.
Good/bad price is going down? Price has dropped from 30 to 21 in the last 48hrs
Also must you run the batch file whenever you want to mine? Or just the bitcoin client?

n-ster · Jun 11, 2011

mine

make sure you are in a pool

theJesus · Jun 11, 2011

30 to 21 USD? Wasn't it like $5 not that long ago?

P1n3apqlExpr3ss · Jun 11, 2011

https://mtgox.com/trade/history
Seems as if it was $5 end of april

@n-ster
Am with slush's pool

matteumayo · Jun 11, 2011

theonedub said:
I wonder how BTC works as far as taxes are concerned.

I believe in the US bitcoin earnings (when sold for USD) that are greater than something like $3500 are taxed via the Capitol Earnings Tax.

This is good news, since the Capitol Earnings Tax is less than the standard income tax.

Also, I think we're going to see a huge price jump soon :toast:

silkstone · Jun 11, 2011

Anyone use Mt.Gox to get their money out? i'm thinking of using libertyreserve, but i've never heard of them before now.

n-ster · Jun 11, 2011

silkstone said:
Anyone use Mt.Gox to get their money out? i'm thinking of using libertyreserve, but i've never heard of them before now.

Why not just withdraw with Dwolla?

silkstone · Jun 11, 2011

n-ster said:
Why not just withdraw with Dwolla?

Is Dwolla better? I'll prolly have to xfer the funds to my family in the UK then they can send it to me or something, but i'd like a payment system that is decent. Pay pal would be good, then i could buy stuff online, but there are too many paypal scams with bit-coins, or so i read!

n-ster · Jun 11, 2011

silkstone said:
Is Dwolla better? I'll prolly have to xfer the funds to my family in the UK then they can send it to me or something, but i'd like a payment system that is decent. Pay pal would be good, then i could buy stuff online, but there are too many paypal scams with bit-coins, or so i read!

more like the potential to scam is high....

but if you need paypal, PM me

P1n3apqlExpr3ss · Jun 12, 2011

What flags/optimisations are you guys running under poclbm? Im currently using -w 256 -f 15 -v and getting 274mhash/s on my 6870 @ 970/1145

xenocide · Jun 12, 2011

Just gonna leave this here;

http://www.dailytech.com/article.aspx?newsid=21877

P1n3apqlExpr3ss · Jun 12, 2011

xenocide said:
Just gonna leave this here;

http://www.dailytech.com/article.aspx?newsid=21877

Saw this article, read it, realised I saw this thread in the recent posts, read about it, now im mining, its either this or folding and this gives greater returns

silkstone · Jun 12, 2011

P1n3apqlExpr3ss said:
What flags/optimisations are you guys running under poclbm? Im currently using -w 256 -f 15 -v and getting 274mhash/s on my 6870 @ 970/1145

thanks, i put those flags in and my output went up 25%

It has gone down to $11 usd today, a massive fall. it looks like that $30 high was a kind of manipulation. The market actually seems quite interesting and reminds me of the one in eve online.

P1n3apqlExpr3ss · Jun 12, 2011

silkstone said:
thanks, i put those flags in and my output went up 25%

It has gone down to $11 usd today, a massive fall. it looks like that $30 high was a kind of manipulation. The market actually seems quite interesting and reminds me of the one in eve online.

No problem, havent tested it out yet but i have seen other users using -w 128/64 and one guy using -v 2 no idea on impact on performance but -w could increase as the worksize is smaller

Market does seem pretty volatile but i dont really plan on trading them until i build up some BTC at least, currently only have around 1/4 BTC

matteumayo · Jun 12, 2011

Now is the time to buy, folks. I don't think we'll see it this low in the near future.

Expect $30-60 per in the coming month. You can take that to the bank.

P1n3apqlExpr3ss · Jun 12, 2011

Whoever writes this tends to agree with you matt
http://blog.bitcoinwatch.com/2011/06/bitcoin-market-analysis-jun-10th-2011-by-s3052/

However I dont really want to put real life funds into it.. barely got my mind around the mining side of it

ShiBDiB · Jun 12, 2011

I still dont understand how an intangible currency can hold value.

silkstone · Jun 12, 2011

ShiBDiB said:
I still dont understand how an intangible currency can hold value.

Think of it like a virtual item... people pay big bucks on things like face-book and 2nd life for intangible items.

ShiBDiB · Jun 12, 2011

silkstone said:
Think of it like a virtual item... people pay big bucks on things like face-book and 2nd life for intangible items.

Yes cause theirs a use for them, albeit a virtual one. Bitcoins.. whats the use of them outside of trading them for cash, how can something with no use be worth money.

silkstone · Jun 12, 2011

ShiBDiB said:
Yes cause theirs a use for them, albeit a virtual one. Bitcoins.. whats the use of them outside of trading them for cash, how can something with no use be worth money.

they can be exchanged for a "few" different kinds of goods. At the moment, most of the market (i assume) is driven by speculation, but having a trading base, where people are willing to exchange it for dollars means it actually has a fairly decent chance of taking off as a currency. The US Gov. would probably try to shut it down in the future tho. Even if indirectly.

ShiBDiB · Jun 12, 2011

silkstone said:
they can be exchanged for a "few" different kinds of goods. At the moment, most of the market (i assume) is driven by speculation, but having a trading base, where people are willing to exchange it for dollars means it actually has a fairly decent chance of taking off as a currency. The US Gov. would probably try to shut it down in the future tho. Even if indirectly.

Well only because people are earning money doing nothing thats based on nothing.. Unrealistically (in that this is highly unlikely to happen) if it grew exponentially it could seriously hurt an already damaged us economy.

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Bitcoins!

P1n3apqlExpr3ss

New Member

n-ster

P1n3apqlExpr3ss

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n-ster

P1n3apqlExpr3ss

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n-ster

theJesus

P1n3apqlExpr3ss

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matteumayo

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silkstone

n-ster

silkstone

n-ster

P1n3apqlExpr3ss

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xenocide

P1n3apqlExpr3ss

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silkstone

P1n3apqlExpr3ss

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matteumayo

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P1n3apqlExpr3ss

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ShiBDiB

silkstone

ShiBDiB

silkstone

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