February 2012
1 post
11 tags
Feb 3rd
6 notes
January 2012
4 posts
14 tags
Jan 25th
6 notes
12 tags
Zulius - How I Set Up A Dedicated Bitcoin Miner →
This guide by Zulius (@_zulius_) shows how to build a dedicated/headless/automated GPU Bitcoin mining rig running the Linuxcoin operating system and Smartcoin miner management.
Previous Posts
Jan 24th
3 notes
13 tags
Jan 14th
8 notes
13 tags
Bitcoin Mining A $16.7m Industry In 2011
Mined during 2011 were blocks 100410 through 160036 with each being awarded 50 BTC. As a result, about 2.98 million BTC were issued. With the average daily price (exchange rate) of $5.60, that means Bitcoin mining is roughly a $16.7 million industry when considering just the value of the coins as they were mined. Transaction fees add to that total, but are irrelevant yet and represented only a...
Jan 4th
139 notes
December 2011
2 posts
11 tags
Bitcoin Currency Inflation Rate Will Drop 50% Next...
Every bitcoin in existance first passes through the hands of a Bitcoin Miner.
That is how the currency is issued.
Today the targeted rate that bitcoins are issued occurs at a level of about 7,200 new bitcoins per day — calculated using the 50 BTC per block and blocks solved about once every 10 minutes.
That level will be changing in about a year though when the block award drops in half from 50...
Dec 21st
7 notes
11 tags
Dec 2nd
7 notes
October 2011
3 posts
16 tags
Oct 29th
22 notes
10 tags
Anonymous asked: Hello, my friend and I are thinking about investing in a small mining operation. I realize things are slow right now what with the exchanges, but we're patient and feel that prices will go up again. As what I read varies from post to post, and opinions on tech change so quickly, I ask you--if you were to build a basic rig right now for 500-1000 dollars, what would you use? I realize every...
Oct 18th
29 notes
15 tags
Oct 7th
12 notes
September 2011
3 posts
Anonymous asked: hey there, i have a dedicated server and I am thinking about doing some mining, but I am curious what the "mining" really is? Are you processing algorithms in order to generate coins for your self? Or are you getting paid to process things for others?
Sep 8th
15 tags
Sep 6th
16 notes
17 tags
Sep 6th
8 notes
August 2011
12 posts
14 tags
All Things IT: Why the idea of FPGA Bitcoin Mining... →
An argument is made as to why the higher cost of FPGA hardware should not be an acceptable alternative for Bitcoin mining. Excerpts:
General processors have lower startup costs (dedicated ATI GPU’s for example) and higher operational costs due to power consumption, FPGA’s have a higher startup cost (~$60-$100 per chip currently at 100 Mhash/sec) with a lower operational cost.
6990 Break Even...
Aug 31st
24 notes
10 tags
Aug 23rd
33 notes
10 tags
Aug 21st
12 notes
11 tags
Aug 21st
16 notes
15 tags
Aug 19th
14 tags
Aug 19th
8 notes
14 tags
Aug 17th
120 notes
13 tags
Aug 12th
19 notes
Anonymous asked: is it legal to mine bitcoins?
Aug 12th
2 notes