bitcoin mining

[Michael Havens]

I've always wanted to tether computers together for the experience and this
is just giving me an excuse to do it! If I find my electric bill too high I
can always stop doing it.
But the question remains..... what good are
butcoins/feathercoins/anyoftheothercoins? Where can they be used?

:-)~MIKE~(-:


On Thu, Mar 20, 2014 at 10:15 AM, sean <sean.a.ritzler at gmail.com> wrote:

> 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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