Crypto Coin Mining

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Crypto Coin Mining

Post by Atrum on Sat Jan 11, 2014 8:59 pm

Anyone else do much (any) mining of Bitcoins or the various altcoins? Since I thought it was hilarious starting up, I've been mining dogecoins for a while on my home pc GPU.
No point in regular people mining Bitcoins anymore thanks to ASICs. Litecoins will probably go that way soon too.

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Re: Crypto Coin Mining

Post by S7 Sticky on Sat Jan 11, 2014 9:22 pm

i thought about it but  idk

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Re: Crypto Coin Mining

Post by Atrum on Sat Jan 11, 2014 9:39 pm

Mainly just doing it for kicks now. Dogecoins are pretty popular and easy to mine still (my 560ti alone pulls in about 2000 coins daily while I'm at work). If something happens and bitcoin crashes, some coin will replace it. That would probably be the Litecoin. Then another coin would take Litecoins current place. If that happens to be dogecoins this guy makes out like a bandit.

If not, no loss. Just the initial setup time, no investment needed.

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Re: Crypto Coin Mining

Post by S7 Coolhand on Sun Jan 12, 2014 4:28 am

Ive used those to pay for my last 3 contract killings.

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Re: Crypto Coin Mining

Post by S7 KnightOwl on Sun Jan 12, 2014 1:14 pm

Never heard of this before.

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Re: Crypto Coin Mining

Post by S7 Panzer on Sun Jan 12, 2014 7:47 pm

I thought about getting into bitcoin mining but I would need one of those special machines to do it GPUs just dont cut it anymore.

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Re: Crypto Coin Mining

Post by Atrum on Sun Jan 12, 2014 9:05 pm

S7 Panzer wrote:I thought about getting into bitcoin mining but I would need one of those special machines to do it GPUs just dont cut it anymore.

If you mine alt coins any CPU/GPU will do just fine. The idea in mining alt's is that either bitcoin will continue to rise, as will alt values, or (optimally) bitcoin will crash and one of the alts will take its place. Basically, if you don't pay for your power bill/usage it's a free way to potentially make some $.

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Re: Crypto Coin Mining

Post by S7 Epic on Fri Jan 24, 2014 6:16 pm

Considered it but the chance to make any decent money is gone.

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Re: Crypto Coin Mining

Post by S7 DROOPY on Sat Jan 25, 2014 9:36 am

Tigerdirect accepts bitcoins now fyi

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Re: Crypto Coin Mining

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