Bitcoins!

[huayra.agera]

I use bitcoin-otc, too tired to explain that to you now though lol

Try lowering your mem clock to something along the lines of 330-350 with MSI Afterburner

http://www.bitcoin.org/smf/index.php?topic=4292.0

Your Mh/s will surely go up

Thanks for that! It did increase Mhash to 254 Mhash/s @ 1004/300. No problem mate, I'll do my research then.

 

[paulharrison123]

anothe vote for Bitcoin-otc, made 2 successfull transactions over the last 2 days easily on there, once you get your GPG authenitcation set up it is a very easy system to use

 

[matteumayo]

So how does B-otc work?

Is it automated or do you actually have to wait for someone to buy your coins?

 

[paulharrison123]

Its like a stock market, you talk to people in IRC and agree a price then proceed with how you want to do business - easy once you get the hang of it.

 

[huayra.agera]

What other flags do you input to the miner aside from -v -w128 and -f60 for more Mhash/s?
P.S. for a 6850.

 

[n-ster]

-f 0 if you arent using your comp

 

[huayra.agera]

-f 0 if you arent using your comp

Increased around 4MHash/s. Thanks for the tip! I got to talk to BitCoinExchange from the Bitcoin forums (http://www.bitcoin.org/smf/index.php?topic=6223.40) and he seems to be a credible person to deal with in terms of exchanging BTC to like Paypal, LR and other more. He said that his rate is 7.5-8% depending on the market. I got a quote for 10 BTC = 26.75$ Paypal. Do you think it's a reasonable offer?

 

[matteumayo]

Increased around 4MHash/s. Thanks for the tip! I got to talk to BitCoinExchange from the Bitcoin forums (http://www.bitcoin.org/smf/index.php?topic=6223.40) and he seems to be a credible person to deal with in terms of exchanging BTC to like Paypal, LR and other more. He said that his rate is 7.5-8% depending on the market. I got a quote for 10 BTC = 26.75$ Paypal. Do you think it's a reasonable offer?

Well even though you may not notice the ~10% take for 10btc, at higher sales offers it might seem like way too much.

Try and test it first, maybe he could put up a site or something so it's easier to trade.

I just saw his topic.

Seems legit.

 

[entropy13]

Anyone there willing to give a bitcoin for free? LOL

 

[huayra.agera]

Well even though you may not notice the ~10% take for 10btc, at higher sales offers it might seem like way too much.

Try and test it first, maybe he could put up a site or something so it's easier to trade.

I just saw his topic.

Seems legit.

Agree with you. Am just waiting for my 10 BTC mine. The only advantage I can see is it's direct to my Paypal and I find that convenient. Maybe I'll try negotiating terms . If I'm not mistaken his posted rated on the thread was around 3-4% that's why I wondered where the 7-8% "charge" came from. I'll keep you guys posted.

 

[huayra.agera]

Any thoughts on the best mining pool? Basically the one the gives more BTC.

 

[paulharrison123]

deepbit mine is what I use, has served me and my 6990 well, I cannot stress how easy once you get the hang of bitcoin-otc is - and you dont have to pay any fees, and can thrash out a price with potential buyers, makes it much more fun too.

Have already done 3 successfull trades on there! - Come find me ph123uk

 

[AphexDreamer]

Well I"m registed with bitcoin-otc

Maybe we can start conducting trade offers here on TPU?
Or is that against the rules?

I go by Nonlin so we can just do trades on the IRC.

 

[Easy Rhino]

Well I"m registed with bitcoin-otc

Maybe we can start conducting trade offers here on TPU?
Or is that against the rules?

I go by Nonlin so we can just do trades on the IRC.

if you keep it to PM that is fine. this thread is for technical stuff, remember.

 

[n-ster]

Increased around 4MHash/s. Thanks for the tip! I got to talk to BitCoinExchange from the Bitcoin forums (http://www.bitcoin.org/smf/index.php?topic=6223.40) and he seems to be a credible person to deal with in terms of exchanging BTC to like Paypal, LR and other more. He said that his rate is 7.5-8% depending on the market. I got a quote for 10 BTC = 26.75$ Paypal. Do you think it's a reasonable offer?

He's legit but that is outrageous exchange rate

Current exchange rate is about 3.48~3.50$ so 10 BTC would be AT LEAST 34$

I'd understand 32$ for 10 BTC but any lower is plain stealing lol.. 3.5/3.2= 9.X%

 

[huayra.agera]

He's legit but that is outrageous exchange rate

Current exchange rate is about 3.48~3.50$ so 10 BTC would be AT LEAST 34$

I'd understand 32$ for 10 BTC but any lower is plain stealing lol.. 3.5/3.2= 9.X%

Thought so. Maybe I'll try bitcoin-otc. Is it required that I have IRQ? Haven't read the guide that extensively yet, please forgive me, lol

 

[n-ster]

whats IRQ?

I use xchat2.

 

[AphexDreamer]

whats IRQ?

I use xchat2.

Yeah I use that too.

 

[matteumayo]

Could somebody give me a quick run-down on the process of selling on bitcoin-otc?

Not prices, etc. (can't do that in this thread) just the steps involved to get to the point where you can sell.

It would be a big help for me.

 

[AphexDreamer]

Could somebody give me a quick run-down on the process of selling on bitcoin-otc?

Not prices, etc. (can't do that in this thread) just the steps involved to get to the point where you can sell.

It would be a big help for me.

Basically you join the IRC and put up offers via commands like

;;sell 5 btc at 3.25 USD

That would sell 5 Bitcons at 2.35 US Dollars (Can be anything).

Your offer gets posted and you wait for someone to PM you or contact you to conduct the business.

This is where trust comes to play. They implemented a security feature and a trust system.

This is where you have to follow the step by step guide to setting up GPG and register your self in the Client.

Once your all setup and authenticated you'll have an encrypted key that only you will know. Using that key you "Login" to the IRC and have your own Trust Stats. This way registered people have a trust rating. Everytime you trade with someone, you input a command like ;;rate (Insert name here) and rate them form -10 to 10. 1 being the norm for a good trader and the negative for how bad they were.

That is really the jist of it. Again if you read this http://wiki.bitcoin-otc.com/wiki/Using_bitcoin-otc
and follow its step by step guide you'll get it up and running.

Main Site http://bitcoin-otc.com/

 

[n-ster]

note the 3.25$ is PER BTC

 

[de.das.dude]

how much khash/s do you need to start making bitcoins?
im making 30Mhash/s
(i is poor)


Also, just just thinking of this config:-
2 X 5770 (Rs. 7500*2 = Rs 15K)
+ cheapo amd athlon X2 250 (15K + 3K = Rs 18K)
+ cheap cfx mobo any options?
+ 2GB ram (pretty cheap)
and 500W power supply.
this is all fit in Rs 30K.

now only if someone were to finance this... how much would be the rate for btc collection?

 

[matteumayo]

how much khash/s do you need to start making bitcoins?
im making 30Mhash/s
(i is poor)


Also, just just thinking of this config:-
2 X 5770 (Rs. 7500*2 = Rs 15K)
+ cheapo amd athlon X2 250 (15K + 3K = Rs 18K)
+ cheap cfx mobo any options?
+ 2GB ram (pretty cheap)
and 500W power supply.
this is all fit in Rs 30K.

now only if someone were to finance this... how much would be the rate for btc collection?

I think 2x5770 is ~340-380m/hash?

Correct me if I'm wrong anyone.

 

[de.das.dude]

I think 2x5770 is ~280-320m/hash?

Correct me if I'm wrong anyone.

i saw you used a 5770 before, can you tell me the rate you were gennerating coiins? and what app you used to run the GPU?

 

[Dala]

One 5770 generates 180M/hash with newest poclbm miner using the "-v -w128 -f 0" settings. Two generates 360M/hash. Not the best cards to use, but if you can get them cheaply, go for it!