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Thread: Bitcoin mining

  1. #1
    I come in peace, seeking gold and slaves. AOD Member AOD_Goodyear420's Avatar
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    Default Bitcoin mining

    I just thought, why don't we put together an AoD bitcoin mining operation? With the amount of members we have, we could all make some decent coinage.

  2. #2
    Save your breath. You'll need it to blow up your date! Siegmier's Avatar
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    Because no one actually uses bitcoin

  3. #3
    I come in peace, seeking gold and slaves. AOD Member AOD_Goodyear420's Avatar
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    You'd be surprised how many dealers are accepting them these days.

    But seriously, if not Bitcoin mining, [email protected] or any of those cloud sourced projects, you'd be surprised what our entire computing power could accomplish.

  4. #4
    Looks like I picked the wrong week to quit sniffing glue kaserin421's Avatar
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    Quote Originally Posted by AOD_Siegmier View Post
    Because no one actually uses bitcoin
    The US government uses bitcoin they recently seized some and are selling them off. Overstock.com uses bit coin and also a lot of other online retailers. Bitcoin is no joke it could be we see bitcoin billionaires in the future.

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    Looks like I picked the wrong week to quit sniffing glue kaserin421's Avatar
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    Quote Originally Posted by AOD_Goodyear420 View Post
    You'd be surprised how many dealers are accepting them these days.

    But seriously, if not Bitcoin mining, [email protected] or any of those cloud sourced projects, you'd be surprised what our entire computing power could accomplish.
    The SETI one would be hellah dope. You hear on the moon Titan we found a mysterious object in its oceans? I'm hoping it might be marine life but prob just dust on the lense or something lol.

  6. #6
    I get enough exercise just pushing my luck Wolvenhaven's Avatar
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    Two years ago this would have been a viable idea; today not so much. The flops required to be a successful miner right now are so high you're looking at specialized hardware in the $20k range to be able to even begin to produce a decent ROI.

  7. #7
    Every waking moment is agony AOD Member AOD_Really Old Man's Avatar
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    Click image for larger version. 

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    Bitcoin, at the moment, isn't a really good idea to invest in. But in a few more years, who knows.
    Attached Thumbnails Attached Thumbnails Click image for larger version. 

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  8. #8
    I come in peace, seeking gold and slaves. AOD Member AOD_Goodyear420's Avatar
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    Either way, putting all of AoD's computing power into one cloud in order to mine Bitcoins, or any other forms of data, could be an interesting social experiment, as well as lucrative in some forms. We already have more members a lot of colleges and universities that have their own cloud computing groups.

  9. #9
    Looks like I picked the wrong week to quit sniffing glue Mikey-2-Guns's Avatar
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    Mining bitcoins costs more in equipment and power consumption than you get out of it. You end up with no or negative ROI. Plus bitcoin is just a libertarian fad and the only touted advantage I've heard of is to bypass paypal fees.

  10. #10
    I get enough exercise just pushing my luck Wolvenhaven's Avatar
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    Quote Originally Posted by AOD_Goodyear420 View Post
    Either way, putting all of AoD's computing power into one cloud in order to mine Bitcoins, or any other forms of data, could be an interesting social experiment, as well as lucrative in some forms. We already have more members a lot of colleges and universities that have their own cloud computing groups.
    We would probably make about $200 a month if we had 100ish members with the gaming machines doing nothing but mining. $2/person for about $40/person of electricity.

    Mining bitcoins with GPUs stopped being viable over a year ago.

  11. #11
    First take the plank out of your own eye.
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    Quote Originally Posted by AOD_Goodyear420 View Post
    put together an AoD
    We are AOD (capital O). AoD is someone else.

    Art by Blinix


    Thoughts become Actions. Actions become Habits. Habits become Character.

  12. #12
    I come in peace, seeking gold and slaves. AOD Member AOD_Goodyear420's Avatar
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    I do fine mining with my CPU, and gaming at the same time. Even $200 a month is $200 of month less we have to spend on vent or servers.

  13. #13
    Boycott shampoo! Demand the REAL poo! Frostythehitman21's Avatar
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    i would be intrested in this stuff i wanted to get in to it but i do not know much about it, only thing i know is recently they are selling built pc's just for mining that are very efficient power per profit i think i was some article on tom's hardware

  14. #14
    I come in peace, seeking gold and slaves. AOD Member AOD_Goodyear420's Avatar
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    I've seen the mining machines, and those $1500 to $20,000 machines are for solo miners who want to see a return plus profit, crowd sourced projects don't require it, especially with how many of us have top line gaming computers. [email protected] is another really good idea though, because our combined computing power helps expand our knowledge of the skies by analyzing data collected from SETI and sending it back to the station. Outside of that, Berkley has an entire department dedicated to this sort of research, anyone interested can look into it here: http://boinc.berkeley.edu/ It has everything from astronomy to cryptography, there's all sorts of stuff that is low cost on your system.

  15. #15
    I get enough exercise just pushing my luck xDEADxPOOLx's Avatar
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    is there any other websites that you can post so other people can check them out pls and thank you

  16. #16
    Ever notice how fast Windows runs? Neither did I Deadzone's Avatar
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    Quote Originally Posted by ReallyOM View Post
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    Bitcoin, at the moment, isn't a really good idea to invest in. But in a few more years, who knows.
    lmfao at the picture.

  17. #17
    Boycott shampoo! Demand the REAL poo! creamgirL's Avatar
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    Lucrative is kind of a risky declaration. It requires a lot of capital to invest in a bitcoin mining rig, and you need an ASIC processor which is basically useless for any other task. That and quite a few 690ti's and it takes a long time. I wish I got into it in high school. Boy, the money I could've made!

  18. #18
    I come in peace, seeking gold and slaves. AOD Member AOD_Goodyear420's Avatar
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    Again, those machines are only for solo mining and if you want a chance of seeing a decent return, and ASIC isn't all that needed. I'm using guiminer right now, and it works off either ATI or NVIDIA cards, your computers natural CPU, or you can plug in external hardware. And again, I'll point out it's more over an interesting social experiment to see what kind of power AOD can put together more than anything.

  19. #19
    Can I have your Tots Sid Nancy's Avatar
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    If someone would compile a way to do this, I say i'm in! I have 2 gaming pc's and ill happily leave them on overnight (Im in the UK so this is daytime for most of you) and contribute :D. Anything to help the survival of AOD :D.


 

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