bitcoin mining
Gilbert T. Gutierrez, Jr.
mailing-lists at phoenixinternet.net
Thu Mar 20 11:14:28 MST 2014
Mike, when the CPU's are running at 100%, 24/7, it eats some seirous
power. The guys in my facility use about 50amps to 60amps of continuous
power each, utilizing about a half cabinet worth of space each. Then
there is the cooling and the power requirements for that. It is a
serious business.
Gilbert
On 3/20/2014 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 <bmike1 at gmail.com
> <mailto: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
> <mailto: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 <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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