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@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@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@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@gmail.com
>> <mailto:bmike1@gmail.com>> wrote:
>>
>>    how do I get involved with this? Any pointers... how-tos?
>>    :-)~MIKE~(-:
>>
>>
>>
>>
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