[Bitcoin] Process-sharing for Virtual Currency

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[Bitcoin] Process-sharing for Virtual Currency

Postby slycat » Mon Jun 06, 2011 5:26 am

So what is it? A lot has been going on back and forth through the Arch Linux ARM twitter page and I became curious. What does it mean to the community of plug computers that are booted 24/7? I've personally read into the opportunity, but am not sure if want. Anyone here dabiling in this digital moneypit-tree? And if so, what have you done so far with this new generation of processing-power-profit?
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Re: [Bitcoin] Process-sharing for Virtual Currency

Postby crimsonredmk » Tue Jun 07, 2011 3:05 am

It definitely doesn't work on a plug computer. Basically, if you have an AMD Radeon 4000 or higher, you can run a "miner" that'll pay you in Bitcoins for calculating hashes. Right now, one bitcoin is worth $18. With a $110 AMD Radeon 5830, I make about 0.75 Bitcoins a day. Sure, it takes extra power to run, but if you have a desktop with a PCI-E slot, you're in business.

First, get a Radeon. Nvidia makes slower cards for mining.

Next, install Windows 7 or Arch Linux. Phoenix miner (Google), AMD Catalyst, X server, AMD App SDK (AMD Stream SDK), pyopencl.

Third, go to a pool, like mining.bitcoin.cz, sign up. It'll tell you exactly how to run Phoenix (the miner process). Now wait until your Bitcoins come in. Get a Bitcoin address at mybitcoin.com. Trade for USD at mtgox.com. Move to bank using Dwolla.com.

Or come in to IRC, we talk about it there a lot too!

Edit: Of course, you can buy stuff with Bitcoins too. Reddit has a Bitcoin market and there are a few auction sites and other things you'll find by using Tor ;) . You can also buy Newegg, Amazon, and Visa gift cards using them. Or donate to Arch Linux ARM!
Remember, Arch Linux ARM is completely donation-supported, and is totally awesome.
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Re: [Bitcoin] Process-sharing for Virtual Currency

Postby DePingus » Thu Jun 09, 2011 2:33 am

I've read several lengthy articles about BTC lately and all have left me with the questions to these answers!
Thanks!!!
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Re: [Bitcoin] Process-sharing for Virtual Currency

Postby Parsa » Thu Jun 09, 2011 10:15 am

mikestaszel wrote: With a $110 AMD Radeon 5830, I make about 0.75 Bitcoins a day. Sure, it takes extra power to run, but if you have a desktop with a PCI-E slot, you're in business


Thanks for the info! what speed are you getting for that?

I have been mining on a ndvidia 9600GT using pheonix for the last few hours and its'only running at 16.70 Mhash/sec.. I saw on the bitcoin.org forum someone was kinda sad he was only getting 130 Mhash/sec.. so I am assuming I need a new card :)
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Re: [Bitcoin] Process-sharing for Virtual Currency

Postby crimsonredmk » Fri Jun 10, 2011 2:01 pm

AMD is the way to go, have a look at https://en.bitcoin.it/wiki/Mining_hardware_comparison for pretty much every card on the market and its numbers.
Remember, Arch Linux ARM is completely donation-supported, and is totally awesome.
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