| Aidan-Fleming 
 Member
 Registered: 17th May 08
 Location: Westhill, Aberdeenshire
 User status: Offline
 
 | The guys website was caller Silkroad which has been removed.
 
 But this is another one lol have fun
 
 https://sheep5u64fi457aw.onion.to/account/profile/751e2593ae7c2c692610a04de82c6a62
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| Aidan-Fleming 
 Member
 Registered: 17th May 08
 Location: Westhill, Aberdeenshire
 User status: Offline
 
 | Haha it's been cut off!!
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| Brett 
 Premium Member
 Registered: 16th Dec 02 Location: Manchester
 User status: Offline
 
 | http://www.bbc.co.uk/news/technology-25185225
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| Aidan-Fleming 
 Member
 Registered: 17th May 08
 Location: Westhill, Aberdeenshire
 User status: Offline
 
 | Oh yeah Brett. I'd pretty crash how people can do this. Fair to say my brain isn't as good as there's lol
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| Dom 
 Member
 Registered: 13th Sep 03
 User status: Offline
 
 | 
 quote:Originally posted by Aidan-Fleming
 What the fck are you's on about haha
 
 
 Could say the same
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| will_ainsworth 
 Member
 Registered: 8th Jun 07
 Location: London, UK
 User status: Offline
 
 | I had 15 bitcoins on mt gox but i stupidly bought pot with them when i was at uni. what a waste.
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| Balling 
 Premium Member
 Registered: 7th Apr 04 Location: Denmark
 User status: Offline
 
 | How much pot did you get for your $15000?
 
 
 
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| Brett 
 Premium Member
 Registered: 16th Dec 02 Location: Manchester
 User status: Offline
 
 | Money well spent imo
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| Russ 
 Member
 Registered: 14th Mar 04
 Location: Armchair
 User status: Offline
 
 | 
 quote:so much thisOriginally posted by John
 
 quote:Originally posted by Paul_J
 
 Something massive happened on  the internet, I knew all about it and that would have taken off and made me a millionaire but something else happened that wasn't my fault that stopped me doing it.
 
 
 
 
 I know Paul, you've had hard luck with almost every single internet fad that's happened for the past 30 years.
 
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| Dan 
 Premium Member
 Registered: 22nd Apr 02 Location: Gorleston on Sea, Norfolk
 User status: Offline
 
 | I want a better pc now, so I can mine properly :/
 
 This shits addictive!!!
 
 I wont do it, but whats an ok computer I could use to mine at an ok rate, say 1 block (50 ltc) a week going to cost?
 
 
 Adult GiftsClick here to vist us
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| Russ 
 Member
 Registered: 14th Mar 04
 Location: Armchair
 User status: Offline
 
 | dan, just fucking have a word
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| Dom 
 Member
 Registered: 13th Sep 03
 User status: Offline
 
 | 
 quote:Originally posted by Dan
 I wont do it, but whats an ok computer I could use to mine at an ok rate, say 1 block (50 ltc) a week going to cost?
 
 
 50 LTC (~$1700) in a week?!
  
 Right, look up mining calculators but you'll probably need in the order of 20,000KH/s to generate that in a week, so you wouldn't ideally go down the GPU mining route (you'd need ~15 x 7990's, or double 7970's) rather you'd use FPGA units - a 4000KH/s unit is ~$4500 each, so $22K/£14k.
 
 Edit - Actually, you're probably look at 14/15000KH/s (if you go by this, litecoinpool.org/calc); so £8/9K in hardware.
 
 [Edited on 03-12-2013 by Dom]
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| Brett 
 Premium Member
 Registered: 16th Dec 02 Location: Manchester
 User status: Offline
 
 | Lol
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| John 
 Member
 Registered: 30th Jun 03
 User status: Offline
 
 | http://hackaday.com/2013/12/03/stealing-100-million-in-bitcoins/
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| Dan 
 Premium Member
 Registered: 22nd Apr 02 Location: Gorleston on Sea, Norfolk
 User status: Offline
 
 | Christ. That's some investment. However. 10k in hardware would mean you could mine enough coins to pay that back in  7 weeks!!
 
 If you could mine 1 block a month. That would be an awesome little bonus. I can see why there's a lot of people doing it.
 
 
 Adult GiftsClick here to vist us
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| Ian 
 Site Administrator
 Registered: 28th Aug 99 Location: Liverpool
 User status: Offline
 
 | £10k in hardware but you're square in 7 weeks.
 
 That's 20 people at 500 quid.
 
 1. Ian
 
 [Edited on 04-12-2013 by Ian]
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| Dan 
 Premium Member
 Registered: 22nd Apr 02 Location: Gorleston on Sea, Norfolk
 User status: Offline
 
 | Theres a twin 7990 custom rig on eBay. £1600.
 
 That would allow around 2200kh/s.
 
 Based on the calculator. You could return around £800 a month. Two months and it's returned your investment. That's if the price stays the same. If it goes up its great. But could plummet.
 
 
 
 
 Adult GiftsClick here to vist us
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| Dan 
 Premium Member
 Registered: 22nd Apr 02 Location: Gorleston on Sea, Norfolk
 User status: Offline
 
 | 
 quote:Originally posted by Ian
 £10k in hardware but you're square in 7 weeks.
 
 That's 20 people at 500 quid.
 
 1. Ian
 2. Dan
 [Edited on 04-12-2013 by Ian]
 
 
 
  
 I can't believe on eBay. You can pay per hour for people to mine for you.
 
 
 Adult GiftsClick here to vist us
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| Balling 
 Premium Member
 Registered: 7th Apr 04 Location: Denmark
 User status: Offline
 
 | 
 quote:Unless the bubble bursts and the market drops, of course.Originally posted by Ian
 £10k in hardware but you're square in 7 weeks.
 
 
 
 
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| John 
 Member
 Registered: 30th Jun 03
 User status: Offline
 
 | That's exactly what would happen if you bought £10k in hardware today. I don't buy the stories about 'nice to have a chunk to pay towards the mortgage'. That chunk is tiny if you are making thousands a week from it, why would you sell it instead of just waiting a couple of weeks.
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| Dom 
 Member
 Registered: 13th Sep 03
 User status: Offline
 
 | 
 quote:Originally posted by Dan
 Theres a twin 7990 custom rig on eBay. £1600.
 
 
 Power consumption is your main issue with GPU mining; 7990's are around 300-350w at load. Only real advantage is resale value, so if the arse falls through the market then you can at least make something back on the hardware.
 
 
 
 quote:Originally posted by Dan
 However. 10k in hardware would mean you could mine enough coins to pay that back in 7 weeks!!
 
 
 
 You need to factor in the increasing difficultly level and the market price of LTC though.
 
 [Edited on 04-12-2013 by Dom]
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| Balling 
 Premium Member
 Registered: 7th Apr 04 Location: Denmark
 User status: Offline
 
 | 
 quote:"Probability of a Block in 365 days	13.23%"Originally posted by Dom
 if you go by this, litecoinpool.org/calc
 
 
 So no, that's not what I'll be using my spare MacBook for...
  
 
 
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| Paul_J 
 Member
 Registered: 6th Jun 02
 Location: London
 User status: Offline
 
 | 
 quote:Originally posted by Dan
 Christ. That's some investment. However. 10k in hardware would mean you could mine enough coins to pay that back in  7 weeks!!
 
 If you could mine 1 block a month. That would be an awesome little bonus. I can see why there's a lot of people doing it.
 
 
 Apart from the difficulty keeps rising, so in 7 weeks the hardware won't be able to mine as much as it can now. I've heard of people buying hardware and then by the time it was delivered it was basically useless due to the ever increasing mining difficulty.
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| Dan 
 Premium Member
 Registered: 22nd Apr 02 Location: Gorleston on Sea, Norfolk
 User status: Offline
 
 | How fast is the difficulty rate rising at present?
 
 
 Adult GiftsClick here to vist us
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| Dom 
 Member
 Registered: 13th Sep 03
 User status: Offline
 
 | 
 quote:Originally posted by Dan
 How fast is the difficulty rate rising at present?
 
 
 http://bitcoinwisdom.com/litecoin/difficulty
 
 http://ltc.block-explorer.com/charts/
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