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Bitcoins!

Discussion in 'General Software' started by pantherx12, Feb 17, 2011.

  1. P1n3apqlExpr3ss New Member

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    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?
     
    Last edited: Jun 11, 2011
  2. n-ster

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    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
     
  3. P1n3apqlExpr3ss New Member

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    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...
     
    Last edited: Jun 11, 2011
  4. n-ster

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    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
     
  5. P1n3apqlExpr3ss New Member

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    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?
     
  6. n-ster

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    mine

    make sure you are in a pool
     
  7. theJesus

    theJesus

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    30 to 21 USD? Wasn't it like $5 not that long ago?
     
  8. P1n3apqlExpr3ss New Member

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  9. matteumayo New Member

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    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:
     
  10. silkstone

    silkstone

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

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    Why not just withdraw with Dwolla?
     
  12. silkstone

    silkstone

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    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!
     
  13. n-ster

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

    but if you need paypal, PM me
     
  14. P1n3apqlExpr3ss New Member

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    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
     
    silkstone says thanks.
  15. xenocide

    xenocide

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  16. P1n3apqlExpr3ss New Member

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    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
     
  17. silkstone

    silkstone

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    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.
     
    Last edited: Jun 12, 2011
  18. P1n3apqlExpr3ss New Member

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    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
     
  19. matteumayo New Member

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    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.
     
  20. P1n3apqlExpr3ss New Member

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  21. ShiBDiB

    ShiBDiB

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

    silkstone

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

    ShiBDiB

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    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.
     
  24. silkstone

    silkstone

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    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.
     
  25. ShiBDiB

    ShiBDiB

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    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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