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Author Bitcoin
Aidan-Fleming
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Registered: 17th May 08
Location: Westhill, Aberdeenshire
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3rd Dec 13 at 09:18   View User's Profile U2U Member Reply With Quote

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
Aidan-Fleming
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Registered: 17th May 08
Location: Westhill, Aberdeenshire
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3rd Dec 13 at 09:18   View User's Profile U2U Member Reply With Quote

Haha it's been cut off!!
Brett
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Registered: 16th Dec 02
Location: Manchester
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3rd Dec 13 at 09:21   View Garage View User's Profile U2U Member Reply With Quote

http://www.bbc.co.uk/news/technology-25185225
Aidan-Fleming
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Registered: 17th May 08
Location: Westhill, Aberdeenshire
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3rd Dec 13 at 09:27   View User's Profile U2U Member Reply With Quote

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
Dom
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Registered: 13th Sep 03
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3rd Dec 13 at 12:32   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Aidan-Fleming
What the fck are you's on about haha


Could say the same
will_ainsworth
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Registered: 8th Jun 07
Location: London, UK
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3rd Dec 13 at 17:31   View User's Profile U2U Member Reply With Quote

I had 15 bitcoins on mt gox but i stupidly bought pot with them when i was at uni. what a waste.
Balling
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Registered: 7th Apr 04
Location: Denmark
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3rd Dec 13 at 17:33   View Garage View User's Profile U2U Member Reply With Quote

How much pot did you get for your $15000?


Brett
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3rd Dec 13 at 17:44   View Garage View User's Profile U2U Member Reply With Quote

Money well spent imo
Russ
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Registered: 14th Mar 04
Location: Armchair
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3rd Dec 13 at 19:00   View User's Profile U2U Member Reply With Quote

quote:
Originally 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.
so much this
Dan
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Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
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3rd Dec 13 at 20:12   View Garage View User's Profile U2U Member Reply With Quote

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?


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Russ
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Registered: 14th Mar 04
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3rd Dec 13 at 20:26   View User's Profile U2U Member Reply With Quote

dan, just fucking have a word
Dom
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3rd Dec 13 at 20:52   View User's Profile U2U Member Reply With Quote

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]
Brett
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3rd Dec 13 at 22:04   View Garage View User's Profile U2U Member Reply With Quote

Lol
John
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Registered: 30th Jun 03
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3rd Dec 13 at 22:11   View User's Profile U2U Member Reply With Quote

http://hackaday.com/2013/12/03/stealing-100-million-in-bitcoins/
Dan
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Registered: 22nd Apr 02
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4th Dec 13 at 06:16   View Garage View User's Profile U2U Member Reply With Quote

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.


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Ian
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Registered: 28th Aug 99
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4th Dec 13 at 06:35   View Garage View User's Profile U2U Member Reply With Quote

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]


Corsa B lap belts required
Dan
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Registered: 22nd Apr 02
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4th Dec 13 at 07:01   View Garage View User's Profile U2U Member Reply With Quote

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.




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Dan
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Registered: 22nd Apr 02
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4th Dec 13 at 07:03   View Garage View User's Profile U2U Member Reply With Quote

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.


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Balling
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Registered: 7th Apr 04
Location: Denmark
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4th Dec 13 at 07:38   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Ian
10k in hardware but you're square in 7 weeks.
Unless the bubble bursts and the market drops, of course.


John
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Registered: 30th Jun 03
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4th Dec 13 at 08:47   View User's Profile U2U Member Reply With Quote

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.
Dom
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Registered: 13th Sep 03
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4th Dec 13 at 12:41   View User's Profile U2U Member Reply With Quote

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]
Balling
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Registered: 7th Apr 04
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4th Dec 13 at 12:53   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Dom
if you go by this, litecoinpool.org/calc
"Probability of a Block in 365 days 13.23%"

So no, that's not what I'll be using my spare MacBook for...


Paul_J
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Registered: 6th Jun 02
Location: London
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4th Dec 13 at 13:11   View User's Profile U2U Member Reply With Quote

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.
Dan
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Registered: 22nd Apr 02
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4th Dec 13 at 13:16   View Garage View User's Profile U2U Member Reply With Quote

How fast is the difficulty rate rising at present?


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Dom
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Registered: 13th Sep 03
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4th Dec 13 at 13:59   View User's Profile U2U Member Reply With Quote

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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