Bitcoin headache

Discussion in 'General Off-Topic Chat' started by pwsincd, Feb 5, 2014.

  1. pwsincd
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    pwsincd Garage Flower

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    too tired to think .. off to bed but :

    If i earn consistently like i do 100 micro bitcoins everyday . would it take me 27 yrs to make 1 bitcoin .. or am i too tired to do simple math ..
     


  2. Xexyz

    Xexyz GBATemp's™ Official Xexyz

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    What GPU do you have?
     
  3. Nathan Drake

    Nathan Drake Obligations fulfilled, now I depart.

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    27.397 years by my math. You're making 1/10,000 (or 10.000 depending on locale) of a bitcoin per day. That means 10,000 days to get one full bitcoin. With 365 days in a year, that comes out to approximately 27.397 years.

    By the by, if your mining is that abysmal, you may want to get a dedicated mining device, if you're serious about attempting to mine.
     
  4. pwsincd
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    pwsincd Garage Flower

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    cheers maybe im not as tired ....

    Some shitty GPU , I dont mine :)

    anyone know how to gain server root access to a website lol... its worth 1 BTC lmao.. god im bored.
     
  5. ryuga93

    ryuga93 Advanced Member

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    You should consider mining litecoin or dogecoin using the gpu,now Bitcoin is for ASIC only tools.
     
  6. Clydefrosch

    Clydefrosch GBAtemp Psycho!

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    just so you know, you lose more money in electricity than you gain in coins. just buy 100$ worth of some other new coin and wait for the inevitable surge.
     
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  7. pwsincd
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    pwsincd Garage Flower

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    yeah , i was just researching , i have looked at the doge etc, was just reading all info.. im aware of the processes in volved
     
  8. trumpet-205

    trumpet-205 Embrace the darkness within

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    If you want to profit from Bitcoin then buying the coin is your only option. Mining Bitcoin at this stage is simply not profitable.
     
  9. Joe88

    Joe88 [λ]

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    yup, unless you have custom built mining rig (not just throwing some gaming gpu's) then its not worth it
    you could always get a job instead of investing all this time and money on something that might not be profitable
    and try and play the stock market instead
     
  10. Ericthegreat

    Ericthegreat Not New Member

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    I could have bought bitcoins so cheap, but I thought "why would a currency made for drug dealers really ever go so high"....
     
  11. weatMod

    weatMod GBAtemp Advanced Maniac

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  12. Xexyz

    Xexyz GBATemp's™ Official Xexyz

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    Should've mined it. :( My 260X produces 300Mhash/s which is good right?
     
  13. trumpet-205

    trumpet-205 Embrace the darkness within

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    No. If you want to mine at a decent rate it is far from being good.
     
  14. Xexyz

    Xexyz GBATemp's™ Official Xexyz

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    It's ok, I don't mine seriously. :)
     
  15. Chocolina

    Chocolina GBAtemp Fan

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    Bitcoin Mining is all profit even on a crappy or outdated CPU if your electricity cost for your PC is zero. I recommend you steal electricity.
     
  16. weatMod

    weatMod GBAtemp Advanced Maniac

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    if were going to steal electricity i would use it to grow some killer KB and then sell it on the SR for bitcoins =PROFIT ,much more efficient and profitable than mining them
     
  17. trumpet-205

    trumpet-205 Embrace the darkness within

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    You really wouldn't profit from 300 Mhash/s anyway. You might as well do something good such as Bonic or Folding@home with that GPU instead.
     
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  18. Xexyz

    Xexyz GBATemp's™ Official Xexyz

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    Thanks
     
  19. pwsincd
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    pwsincd Garage Flower

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    ill try to get a job... wait.. my electrical business says i do and to sit back down :)
     
  20. FAST6191

    FAST6191 Techromancer

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    For the record there are still places in the world that bundle electricity with rent.
    That said it is what 1 US cent a day at present exchange rates (which are steady enough right now), even if the hardness does not increase.