You will be if you try to mine a cryptocurrency. I think you're underestimating how much processing power is needed to get coins. On Mar 20, 2014 10:06 AM, "Michael Havens" wrote: > I'll tell you Rusty, I currently have 2 computers that I keep on 24 hours > a day. I set it up so I pay a yearly average per month and right now my > electric bill is $78/month. I'm not too worried about my electric bill. > > :-)~MIKE~(-: > > > On Thu, Mar 20, 2014 at 9:55 AM, Michael Havens wrote: > >> thanks for the advise.... I wish I could afford it, Gilbert. now if just >> tethering a bunch of computers together would work I could do that! Where >> could I spend this 'currency' at anyways? >> >> :-)~MIKE~(-: >> >> >> On Thu, Mar 20, 2014 at 9:03 AM, Gilbert T. Gutierrez, Jr. < >> mailing-lists@phoenixinternet.net> wrote: >> >>> 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 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 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 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 >>>> >> > wrote: >>>>> >> >>>>> >> how do I get involved with this? Any pointers... how-tos? >>>>> >> :-)~MIKE~(-: >>>>> >> >>>>> >> >>>>> >> >>>>> >> >>>>> >> --------------------------------------------------- >>>>> >> PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org >>>>> >> To subscribe, unsubscribe, or to change your mail settings: >>>>> >> http://lists.phxlinux.org/mailman/listinfo/plug-discuss >>>>> >> >>>>> > >>>>> > --------------------------------------------------- >>>>> > PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org >>>>> > To subscribe, unsubscribe, or to change your mail settings: >>>>> > http://lists.phxlinux.org/mailman/listinfo/plug-discuss >>>>> --------------------------------------------------- >>>>> PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org >>>>> To subscribe, unsubscribe, or to change your mail settings: >>>>> http://lists.phxlinux.org/mailman/listinfo/plug-discuss >>>>> >>>> >>>> >>>> --------------------------------------------------- >>>> PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org >>>> To subscribe, unsubscribe, or to change your mail settings: >>>> http://lists.phxlinux.org/mailman/listinfo/plug-discuss >>>> >>> >>> >>> >>> --------------------------------------------------- >>> PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org >>> To subscribe, unsubscribe, or to change your mail settings:http://lists.phxlinux.org/mailman/listinfo/plug-discuss >>> >>> >>> >>> --------------------------------------------------- >>> PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org >>> To subscribe, unsubscribe, or to change your mail settings: >>> http://lists.phxlinux.org/mailman/listinfo/plug-discuss >>> >> >> > > --------------------------------------------------- > PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org > To subscribe, unsubscribe, or to change your mail settings: > http://lists.phxlinux.org/mailman/listinfo/plug-discuss >