bitcoin mining

[Gilbert T. Gutierrez, Jr.]

I have several customers mining in my collocation facility. They are 
using the custom ASICs. Every few months they seem to replace them with 
newer stuff. I can tell you the they use a lot of electricity and 
generate a lot of heat. You have to spend a lot of money to make money 
is all I can say. This is not the most environmentally favorable way to 
do so either.

Gilbert

On 3/19/2014 4:18 PM, Michael Havens wrote:
> holy moly! they want between 400 and 10000 dollars for ASIC stuff. I 
> figured I'd try tethering  a bunch of used computers together  because 
> that is what I can afford to do.
>
> :-)~MIKE~(-:
>
>
> On Wed, Mar 19, 2014 at 3:07 PM, Eric Cope <eric.cope at gmail.com 
> <mailto:eric.cope at gmail.com>> wrote:
>
>     You will spend more money on electricity than any bitcoins you are
>     able to mine with anything other than custom ASICs. If you want to
>     fiddle around with a crypto-currency, I'd pick another one where
>     mining on your personal laptop (or freely available PCs).
>
>     Eric
>
>
>     On Wed, Mar 19, 2014 at 2:51 PM, Sesso <sesso at djsesso.com
>     <mailto:sesso at djsesso.com>> wrote:
>
>         I have a list of all of the types of coin that are out there
>         and the complexity to mine. I'll try to remember to post it in
>         here so that you can research the different types of coin.
>
>         Sent from my iPhone
>
>         > On Mar 19, 2014, at 2:43 PM, Brian Cluff <brian at snaptek.com
>         <mailto:brian at snaptek.com>> wrote:
>         >
>         > Look into ASIC based bitcoin mining it's way way way faster
>         than using standard computers to do the mining.
>         >
>         > That being said, I would wait a little while and see how
>         bitcoin plays out.  It's on rocky ground right now and you
>         might find that you have purchased a bunch of hardware and
>         burned a ton of electricity to mine a bitcoin that turns out
>         to be worthless.
>         >
>         > Brian
>         >
>         >> On 03/19/2014 02:35 PM, Michael Havens wrote:
>         >> what I'm thinking of doing is buying a bunch of used
>         computers and
>         >> turning them into a super-computer and using that for the
>         bit-coin
>         >> mining. What is super-computerizing called?
>         >>
>         >> :-)~MIKE~(-:
>         >>
>         >>
>         >> On Mon, Mar 17, 2014 at 5:29 PM, Michael Havens
>         <bmike1 at gmail.com <mailto:bmike1 at gmail.com>
>         >> <mailto:bmike1 at gmail.com <mailto:bmike1 at gmail.com>>> wrote:
>         >>
>         >>    how do I get involved with this? Any pointers... how-tos?
>         >>    :-)~MIKE~(-:
>         >>
>         >>
>         >>
>         >>
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