how do you suppose a student could get a job, just to get may be 10 dollars to buy bundles like these?
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I think he meant students as in College students. You do not exactly have time with jobs when you're a college student. You have to go to school, study at school, go home, study at home, and then do homework at home, sleep, do more studying at home, then finish the homework assignments that are due, etc. From here, you can decide if you have enough time for anything else but, if you're a sane person, you would choose social life over job.
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Mow a lawn. Paint a fence. Help out in the canteen a few times. Wash a car. Take a water-gun assassination contract, leaving an advert on a post-it. Maybe take a note from the Lusty Argonian Maid. It doesn't take long, but I bet you can't polish just one spear.
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There's university students who both work and have kids while being in school. Where there's a will there's a way. When you're born in low-income housing and your only prospects are to get an education or end up as a statistic, you will make it regardless if things are tough.
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after reading the op's post i decided to give in and finally try it.
he sorta demystified it a bit.
mining litecoin on 1 pc with cuda miner.
and mining alphacoins on another with cg miner.
they are already always on, so i figured why not.
i will check my profits in a week, lol.
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I suggest mining in a pool alongside other miners. If one of those pools discovers the next block in the blockchain before you do by yourself, everyone in that pool gets a share of the profits while you get zero as a solo miner.
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So, I had my PC mine when I remembered to run the mining program when I wasn't using the PC.
In 7 days, a measley total of around 35-40 hours, I made $10.31 (profit, after Electric cost) in Bitcoin, by mining mostly Alphacoin with CUDAminer on my 460GTX.
Not bad.
And the videocard stayed rather cool, not getting any hotter than when marathon gaming.
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For anyone who doesn't have to pay for electricity, this is an excellent idea.
I'd suggest reading up on how to properly configure cgminer so your GPU doesn't overheat, and to not even try if you don't have an AMD card.
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Show me a law that says I can't mine crypto coins.
In general, everything that is not illegal is legal.
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It is completely legal, and those selling items for bitcoins do so voluntarily. Even if there were objections to bitcoins, it is essentially a token bartering system. Instead of bits of paper, bottle caps, trading cards or turnips, you're using chunks of data that you used your GPU to essentially 'decipher'. They are meaningless and worthless on their own, but because there is a market of people who use them for barter, they gain value (albeit a very unstable one).
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Yes, that's where bitcoins come from. You're essentially renting out your computer's CPU and/or GPU.
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I am confused to all this Bitmining stuff, I am running a Asus GTX 680 4gb. Is this suitable for mining or should I not? and what's the earnings like? Can I really earn more than the cost of my electricity? My psu is a Seasonic 850W 80 Plus Gold.
I'd really like to learn more about this, even if it's not for me I'd really appreciate someone that know a lot about this stuff explain more, seems fascinating.
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id imagine a gtx 640 would do the job, as to turning a profit i very much doubt it if your living outside the third world where electricity is cheap enough to justify it and even then im sure id want to be running my gpu into the ground for a few pennies per day
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Ah I see, I'm in Canada, British Columbia. I pay 6.90 cents per kWh until 1,350 kWh is used then it costs 10.34 cents per kWh.
Thanks for the info, anyone else have an information about bitmining as well? I am very curious about the whole thing.
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So AMD or nothing eh? well looks like I'm not gonna be mining myself, but still very interesting. Why do AMD cards outperform Nvidia cards for mining? yet for video games/gameplay AMD or NVIDIA are both Liable, with myself leaning more towards NVIDIA for gaming.
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for those who are so concerned about electricity(IDK how the rates are outside of the free times which might make this cost more money.. unless ofc you run ridiculous mining rigs)) is to use TXU's free nights/weekends(one or the other)(I can't do this since half + of my time is nights and can't be having my GPU sitting there mining
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If you on slow CPU,It's gonna takes month or even years to get that shitty bitcoin.
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.. I've get curious and got some reading about this bitcoing thing, now I know I'm maybe risking sound stupid here but... what I din't get at all is, from where comes the cash?
For what I've understant you get the bitcoing from "nothing", just mine them from the calc blocks and stuff, and people buy these bitcoing. But still why would someone buy a virtual coin that is just being generated all the time from nothing and apart of being selld it's not usefull for anything else? ..
And while I kinda understand that the thing about currenncy is to buy cheap and sell for more, I can't see the diference from if I just say "I have this currency called Dravemoney do you want to buy 100 Dravemoneys for 1 dollar?"
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From the more I read more I understand that it's all about "safe currency not related with any country or gov" and still, so there's someone just "making money" from nothing and people actualy buy this money just because they believe that this is safe and that someday aroudn 2030 this virtual currency will stop being "generated from nothing"?
And there's actually markets working over that just because this promisse of a safe virtual currency?
This stuff is kinda of blowing my mind, I mean, so if when it reach someday the theoretical cap of 20 million bitcoint, and the system just keep generating the bitcoins nonstop forever...? (Or that the guy who created this thing don't just have a backdoor that can make infinite bitcoings for himself when he tipes IDDQD?) Based on what they can just trust on that thing? This sounds like faith... they do that just because they have faith in this currency and that it will indeed be safe and stuff and not just... blow...?
My mind is blowing... ._.
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Also I would love to be this Satoshi Nakamoto guy, and the day the currency get to the 20 million cap, just type a special command and blow the entire system. Just to see makets and people worldwide that trusted this thing go crazy on a spiral of chaos and panic. o_o
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"safe currency not related with any country or gov"
I dunno, I don't call any currency that fluctuates so wildly and suddenly a 'safe' currency, much less when the currency is data, and hackers remain a thing. Besides, it is also manipulable if any individual or group pools their resources and then makes coordinated pinches and pushes on the market.
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As far as I understand, Bitcoins are more like gems, or precious metals. People obtain them slowly, and the resource is finite. Then other people use these Bitcoins as an investment. Kind of like buying gold - it's price is only going up, so why not? =)
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Ya, but who can 100% ensure it will be indeed finite? No one right? That is the crazyness of this stuff. Gems or precious metals are physical and sure finite, but bitcoing being data, till they get to the cap of 20 million it is just a theorycal finite thing.
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I get that by the entire network sharing and controling all the data, would be harder to just have a final day code hidden in the midle of it, but still... it's weird to think about a new currency being generated from nothing and that anyone who want can just go and generate a few bucks for himself before the cap is reached. Weird and fantastic, and still almost TOO good...
Maybe it's like that we know we're getting old ._.
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Because unlike gold, this data has no use except as an empty barter currency/stand-in, and so is prone to utterly crashing within a moment's notice, as well as the potential to burn more money on the electricity needed to mine, than you will make back on the fractions of a coin you will make.
I'm all for getting stuff for virtually free, but bitcoins in general is a really flawed idea. I'm just surprised it's still around, though I suppose the laundering/gambling potential is a good draw.
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Yeah, I've watched that on the http://www.bitcoinmining.com/ site, they have some more explanations, was one of the places where I've understand a bit more of all the concept.
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I'm glad to read a few people checked the facts for themselves and realized it's doable and profitable. The window of opportunity to mine profitably is slowly closing as FPGA SCRYPT miners will enter the market in a few months from now.
If you want to try and skip the transfer from litecoin to bitcoin, why not write to the humble bundle support to request checkout with litecoin? I'm sure if enough people will write to them they will add support.
Also, there are websites that will sell you steam games for bitcoin. I have no idea if they are trustworthy and I would strongly suggest reading reviews about them before using them, as bitcoin transactions are non refundable and you have absolutely no buyer's protection. Your only protection is the site's reputation. I am also in no way affiliated with any such site.
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I personally mine LTC off give-me-coins and get around 7USD with my old 7850, and around 14USD with my 7970 (that's an average 21USD PER DAY), it pays off considering the very low electricity prices and 0% fee on the pools themselves.
Some warnings for those who are unsure:
Make sure the GPU is well ventilated and doesn't go higher the nominal temperatures on high load (check reviews for that).
Start the miner without overclocking the GPU at all. The difference is usually minimal and not worth it.
*While you CAN use an NVIDIA card, or a CPU to mine, you definitely won't get the same efficiency as an AMD card. (Hell, a GTX TITAN has a similar hashrate than a 7850)
Finally: If you're still unsure, i welcome you to try mining yourself, you probably won't be able to game at the same time, since the GPU will be at 99% constantly (you'll notice mouse lag overall, but you can still copy files or listen to music, watching a video will be like having a very old computer)
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Gotta mine Litecoins or others, as those at at the time are still profitable.
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If you broke your hardware by stressing it, then hardware manufacturers would be broke by now.
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If you ever need to check for the temperature because you stressing it, there's something wrong with the procedure.
I play games all the time (in other word, maxing my hardware power), but have never had to worry about temperature. See the first post? There's an explicit warning. Very uncomfortable.
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So with that logic, a processor should last forever since there are no mechanical parts in it? Why doesn't everyone just increase the voltage of their processor and overclock them? (Other than obvious motherboard restrictions)
Look into electromigration, the more voltage running through, the quicker it will occur. When a processor is not running at 100%, the voltage is decreased which does more than just lower your electrical bill!
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I'm scared of mining bitcoins cuz I heard that they can look at your computer's info
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I love that electricity is so damn cheap in my country.
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