bitcoin mining

[sean]

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