I would like to sell Radeon 5970 card hashing on a Cloud mining site (Nicehash unless someone says it s no good) so others can use my card to mine gpu coins while I get Bitcoin. How do Ii know which algorythm to offer?
SO I have this old card sitting. Obviously no good for whatever and I want bitcoin rather than trying to guess which alt might be good to trade. SO i think this may be a way to put it to use but can't figure out which algorythm to offer. The list is huge these days! Can anyone help?
I would like to sell Radeon 5970 card hashing on a Cloud mining site (Nicehash unless someone says it s no good) so others can use my card to mine gpu coins while I get Bitcoin. How do Ii know which algorythm to offer? /r/BitcoinMining
Before 2009, there was no such thing as crypto. As technology advanced to keep up with the rampant demand, cryptocurrency became a reality for many on their home computers. Over the years, the mining process and its efficiency have improved with the use of better hardware. GPUhave been used in the mining process for years, simply because they are more efficient than their immediate counterparts. How Do GPUs Help in Cryptocurrency Mining? Cryptocurrency mining was originally performed using CPUs, or Central Processing Units. Enter GPU-based mining, which offered multiple benefits over the use of CPUs. A standard GPU, like a Radeon HD 5970, clocked processing speeds of executing 3,200 32-bit instructions per clock, which was 800 times more than the speed of a CPU that executed only 4 32-bit instructions per clock. It is this property of the GPU that makes them suitable and better for cryptocurrency mining, as the mining process requires higher efficiency in performing similar kinds of repetitive computations. GPUs are also equipped with a large number of Arithmetic Logic Units, which are responsible for performing mathematical computations. Courtesy of these ALUs, the GPU is capable of performing more calculations, leading to improved output for the crypto mining process. Because we live in a cryptocurrency world, we’ve created a list of the best mining GPUs money can buy. That way, you can spend less time shopping, and more time profiting. We’ve ranked six of the top mining GPUs on the market, keeping price and efficiency in mind. We’ll also make sure to stay on top of recent trends in the cryptocurrency mining scene. The idea behind cryptocurrencies like Bitcoin and Ethereum is that individuals generate and transfer them, without relying on a central authority like a government or bank. One of the primary appeals of cryptocurrency is that you can use a standar. Ethereum, as well as a wide range of other cryptocurrencies, use memory hard-hashing techniques, which is why having one of the best mining GPUs with a lot of graphics memory is necessary. Therefore, when you go shopping for the best mining GPU you can find, you should think about the memory the GPU boasts, as well as its power demands and cost. It’s important to consider the GPUs value, because when you start mining for Bitcoin or Ethereum, you won’t be yielding large amounts of cryptocurrency to start. You should therefore try to minimize your initial costs as much as possible so that you can maximize your profits and start making your initial investment back as quickly as possible. Each standard computer is equipped with a Central Processing Unit, which is a processing device that acts as a master of the whole computer system. It performs the controlling functions for the whole computer based on the logic of the operating system and the software installed on the computer. Typical functions—like save this file as MS Word, print this spreadsheet, or run that video in VLC Media Player—are controlled by the CPU. The typical function of a GPU is to perform and control the rendering of visual effects and 3D-graphics so the CPU doesn't have to get involved in minute details of video-rendering services. It takes care of graphics-intensive tasks such as video editing, gaming display, and decoding and rendering of 3D videos and animations. This setup allows the CPU to perform the high-level diversified tasks for managing the whole computer, while the GPU is in charge of the video functions of which it is a specialist. A CPU will perform the function to open a video file in Windows Media Player, but once the file opens, the GPU takes over the task of displaying it properly. These days, cryptocurrency just isn’t as popular as it used to be, but that doesn’t mean it’s dead. Bitcoin, Ethereum and other crypto coins are still flowing, and there are others that are booming. So, it shouldn’t be surprising that there are still some folks out there that want to jump on the mining train. If you’re thinking about delving into cryptocurrency mining, it would be wise to invest in one of the best mining GPUs on the market today.
Switch to Litecoin after the difficulty increase, or stay with Bitcoin?
So I am mining with a 5970 and getting ~700 mhash/s. This new difficulty brings my earnings down to about $2.70 a day. I can probably get $3 a day mining litecoins, but that is dependent on price of litecoin v. bitcoin and other stuff like that. (above calculated using litecoin and bitcoin profit calculators) If the price of Bitcoin increases again I would hate to miss it. What do you guys think?
Here is a short timeline of my bitcoin activities:
discover bitcoin through "anonymous" blog post asking for donations in bitcoin that hits front page of reddit back in march.
begin eagerly reading everything I can about bitcoins for the next week.
researched what cards would bring in the biggest bang for buck in my own personally created spreadsheet listing local prices, mhash/watts, total mhashes, $/mhash, etc etc...
maxed out my credit card and spent a few grand I had in the bank on 5870s, 5970s, a few motherboards and powersupplies.
spent almost every second since that time mining/tweaking cards/mining/tweaking/reading about bitcoins/etc...
Am I crazy? Probably a little. Am I worried? Not at all. Going into this... I was expecting bitcoins to become worthless in the near future... and even if that happened, I was prepared to sell all of my recently purchased computer equipment on ebay for an approximate 30% loss. So out of the probably $10k I spent on mining equipment... I can only ever stand to lose about $3k of it so long as I sell within a few months. (As it stands however with cards becoming more and more scarce... I just sold one of the 5970s I purchased for a few hundred more than I paid for it 2 months ago! So I might actually make money on selling my hardware!!!) Within 3 months of finding bitcoins; it has completely consumed my entire life, all of my "money", and I am loving every minute of it. I have convinced 3 friends to buy some mining rigs, although I warned them not to go as "crazy" as I did, they each have about 2Ghps of mining equipment humming along at their places and all of us have paid off our initial investment. How much do you believe in bitcoins? P.S. AMA!
Social Experiment, Paying off my house in bitcoins? Possible?
Hello Reddit Bitcoin Community! I am just starting a social experiment and I wanted to see your take on it. I want to see if it is possible to pay off my house completely by using bitcoins. I plan on setting up raffles for video cards, motherboards, power supplies, and other goods until I have enough to pay off my house. I will keep regular updates with a tally to show the progress and once the house is paid off maybe have a meetup/party? I want to bring awareness of bitcoins to a much larger audience. Just imagine if someone can pay off their house with only bitcoins. The press associated with this feat would be huge and this would get the word out on bitcoins as something very tangible and of real value. If the person who traded up a paperclip for a house can get national press coverage, someone being able to pay for their house in bitcoins should get just as much, if not more. The first raffle that I have is for a Sapphire 6850. I know it isn't the most powerful card, but I wanted to see the community reaction before I start posting 5850's, 5870's, 5970's etc... What do you guys think? Does this idea have some traction behind it? Check out the site, http://bitcoinhouse.blogspot.com edit: About me. I currently work in the IT industry. I have been mining for about a year now and have around 5g/hash. I love the idea of bitcoin, it sure has been a wild ride for the last year. I have been seeing more and more positive news come out about bitcoin and I want it to hit the main stream. I will keep everything 100% transparent. I will record all the drawings, answer questions, send out tracking numbers, etc... Do you guys think I should start off smaller? Maybe do a single American Silver Eagle Dollar in a 12 btc raffle?
So long, /r/bitcoin, and thanks for the amazing experience!
Due to job loss combined with a major life event, my ride on the Bitcoin train came to an abrupt stop at around the $120/coin point. I had to liquidate all of my mining earnings from the last year and sell all of my mining hardware. Sadly, although I didn't lose any money on mining or equipment, having to sell at the time I did meant I gained zero. And being reminded every single day of the missed opportunity to pay off my credit cards and student loans is becoming too much for me to handle right now. As much as I have enjoyed seeing the funny screenshots of Bitcoinity, the BFL rants, the economic insights, and the rest of the posts here, it is time for me to leave your fine community. I would like to thank you all for the wonderful experience with cryptocurrency. It has absolutely been the most amazing experience, from the feeling of setting up a rack of 5970s and watching the accepted shares scroll down the screen, to the moment of finally cashing out. And I learned so much from all the posts here. Best of luck to all of the successful miners and investors here! I hope to rejoin your community after I get my life back together. And who knows, maybe I'll be able to buy in at $2,000 and watch while we go to the moon.
Hi. I didn't want to sell these items here, because there is something like ebay in Venezuela. But the almost-hyperinflation we're living means few people want or can afford to purchase things here (minimum wage is 12.5$ a month). I was the first owner of all items, unless mentioned otherwise. Thanks to government price controls, shipping of things up to 2 kg is cheap, around 5$. Shipping (through DHL) is included with the prices. I will accept Bitcoin only. So, here it goes: GA990FXA-UD3 rev3 + Sempron 140 + 2GB DDR3 RAM: The motherboard was used for a year in my main gaming PC, then I switched it to the same model but rev4 (arrived too late for mining). The CPU and RAM are almost new. Price: 90$ OBO for MB only, 120$ OBO for MB+CPU+RAM Imgur Imgur Imgur Imgur 9 PCI-E 1x-1x risers: Some are powered (that was DIY), some aren't. I pulled these a year ago in working condition when I stopped GPU mining. You must buy all 9. Price: 25$ OBO for all. Imgur Reference 5970s: Bought them here from ssateneth at bitcointalk.org a long time ago. Used for mining for more than a year, stock clocks and undervolted to cool down VRMs. Price: 90$ OBO each Imgur Imgur ASUS 5850 DirectCU: Bought on Amazon on 2011. Used for gaming and low-intensity mining. It is the card in the top of the pictures with both cards. Comes with original box and the accessories pictured. Price: 55$ OBO Imgur Imgur Imgur Imgur Sapphire 5830s: I don't know where I got these, because I had many cards like these. I may have bought them on OCN or Bitcointalk in 2012. Used for mining until mid-2014. Fans are repaired, a small hole was drilled to inject motor oil inside the fan, then I applied sealant to prevent leakages. Price: 45$ OBO for the top card (original fan), 35$ OBO for bottom card with replaced fan. Imgur Sapphire 5830 WITH PCI-E 4x link: The card works fine otherwise, but on GPU-Z you can see the PCI-E links at 4x, not 16x. Probably the PCI-E slot got corroded? dirty?. I tried my best to fix it with no results. Price: 35$ OBO Imgur MY REP: #bitcoin-otcHeatwareOCNBitcointalk If you think prices are too high, just tell me. I didn't do an appraisal first as I should have.
I have a dual 5970 dedicated mining rig and a fixed power bill, so I'm making a profit no matter how high mining difficulty gets (still sucks that I make less nowadays). I haven't been paying attention to the bitcoin industry or my mining rig other than checking BTC Guild to see if everything's alright and updating CGminer on my rig. Should I update anything else such as the GPU driver. I haven't done much research about the recent versions so I don't know if I should touch anything. Also, with all these new ASIC and FPGA miners, would it be worth it to sell my rig and get one of those?
Hey Guys I am new to to the whole bitcoin mining thing and I have a couple of questions i'd like to ask about my hardware i ll leave my specs here : Processor : AMD PHENOM II X6 1090T 3.20Ghz 6 CORES GUI CARD : ATI RADEON 5970 BLACK EDITION RAM : 8 GBS HyperX 1600 FSB OS : WINDOWS 7 PROFESSIONAL PSU : 1200W do I have a decent config to start mining in a pool and would it be of any help?
Dear Reddit, I've just realized that I lost all my bitcoins. The few bitcoins I had were stored with bitclockers and I've now realized that they're a gone. A lot of people have the same problem I do and I'll probally never see my coins again. This is quite sad as I invested in a 5970 to mine them. I've had this problem for a couple of weeks. (Link: http://i.imgur.com/VGoxJYW.png ) Question: Which is the best pool for me in your opinion? I'll be mining 24/7 for the MOST part, though sometimes I restart the computer etc. PS. I guess I just wrote it here on Reddit to get it off my shoulders. Sincerely, EpsilonFive
New to bitcoins. Can anyone give me a rundown of this?
As the title says, I'm new to Bitcoins. I started mining a few days ago for fun, I have a Radeon 5970 that I use for gaming so I thought...well, why not? Also, got started with BitMinter since it was so easy, but I'm open to other mining pools. Anyways, on to the questions:
Why has the price been soaring the last few days? Is it because the ASIC machines just hit the market?
With the new ASICs out, is it even worth GPU mining anymore? I get about 600 MH/s, and given current prices I can make a decent amount of USD (not saying I would, but it's an idea.) If I had some disposable income to buy an ASIC machine, would that even be a good idea at this juncture? It seems with the bubble this will be a new fad.
Speaking of exchange rate, what kind of things can you buy with BitCoins? I'm not a big TOR or drug user, so SR is out of the question. Aside from that, in all my searches most of the services seem to be..quirky at best. Design services, web hosting, and T-shirts. Is there anything else to buy?
What are some decent mining pools? I've read a bit, and it looks like BitMinter is pretty good. MtRed has been down so I haven't tried that. BTC Guild seems HUGE, is there an advantage to being in such a large pool like that?
What are these hashes actually USED for? When I think of other at-home calculation software, like folding at home, or SETI, they all have distinct purposes. What's actually being solved when I solve a block?
I want to invest in BitCoins. The stock market has always fascinated me, and it seems like BitCoins could be a very similar venture. I've also thought about investing in a BitMining company; might not make as much money as a getting a 1500GH/s machine, but it'd still be a worthwhile investment I think. Good idea? Bad?
How likely is a crash? It seems the price has gone up by about 100x in a month. What are the ramifications of this? Is there going to a bubble-burst model in the foreseeable future?
What's the end-game for BitCoins? Is it supposed to completely take over the dollar? Be a supplement to it?
How likely is it that the US government will get involved in this? I know it'd be very hard to take BitCoin down, but given the level of traffic it's getting it almost seems likely.
Last but not least: How does one actually buy and sell Bitcoins for USD? I've looked into the big bit exchanges, like MtGox, and apparently all you really need is some BitCoins and Dwolla. Is it really that easy? How long does a transfer to and from Dwolla and MtGox usually take?
Thanks in advance. I think I had more questions, but this should be enough for now.
For Sale: ATI Radeon HD 5970 Dual GPU! on cryptothrift
For Sale: ATI Radeon HD 5970 Dual GPU! on cryptothrift for cryptocoins Tags: gaming, gpu, graphics, video cryptothrift is a Bitcoin, Litecoin and altcoin marketplace and auction site with automated escrow.
Alright, so I've got a Radeon HD 5970. I've been extremely happy with the card and it's never given me any trouble, but when I look forward I see that I won't have the money to upgrade to a new high-end card for a long while. Would it be better for me to find another 5970 or bite the bullet and upgrade to a new card? Also note that I do a bit of Bitcoin mining when I'm not gaming on my PC.
Hey there Reddit, maybe you all can help me with this issue. I have this ASUS Radeon HD 5970 that, for some reason, is flooding my screen with odd, multicored square artifacts. What gets me is that it only does this when doing 2D graphics, such as the windows desktop. 3D applications run just fine. This always starts out in a small area of the screen, then progressively gets worse until the graphics driver crashes. Most of the time it recovers, only to be worse than before. I've done some research into the issue and it seemed at first like it was an issue with the clock speed being too low (precisely 157mhz) while in 2D mode. I preformed the steps to raise the idle 2D clock speed to 300mhz, then 500mhz, both with no luck in resolving the problem. I also know that the card isn't overheating, because the idle temps range from 29 degrees Celsius to 33 degrees Celcius. Under heavy load, such as bitcoin mining, temps can range from 59 degrees to 63 degrees, which is (as far as I know) well within acceptable range. Gaming temps stay between 45 degrees and 50 degrees. This is all with the stock cooler and no overclocking past the default 725mhz. I've used Driver Sweeper to clear out any old drivers, then reinstalled with no luck. The odd thing is, when I use default Windows drivers, the card performs perfectly in 2D mode. Safe mode of course follows this trend. I also researched and found that it could be my MSI motherboard, so I tried to update the BIOS only to find that I had the most recent revision installed. Drivers for the motherboard are up to date as well. Also note that I have an MSI GeForce 9800 GTX installed, and I use the Hybrid PhysX mod to get it to play nice with the 5970. I've tried uninstalling the mod, only to find myself unable to locate any means to do so. There's no folder, no registry entries, and no documentation having to do with the removal of the modification. I've since uninstalled and nVidia graphics and PhysX drivers. I've RMA'd the 5970 once for this, and I've had it back for about a month when it's started doing this again. Other than contacting ASUS and RMAing it again, is there anything Reddit might suggest I do? It's a beast of a card and I bought it shorty after it came out, so I'd hate to lose such an investment. Any suggestions would be appreciated. EDIT: I went into my BIOS and ever so slightly increased the voltage to the PCI-E slots and, lo and behold, my problem is solved, at least for the time being.
A mining rig is a computer system used for mining bitcoins.The rig might be a dedicated miner where it was procured, built and operated specifically for mining or it could otherwise be a computer that fills other needs, such as performing as a gaming system, and is used to mine only on a part-time basis. These days, Bitcoin mining has became a lucrative business. Photo by Niclas Illg on Unsplash. ... an ATI 5970, one in every of the foremost popular graphics cards when it involves mining, can ... On average, mining via CPU produces 10 MH/sec. On the other side, mining via GPU produces 800 MH/sec due to this GPU became the first choice for the miners till a certain period, and ATI 5970 became the most popular graphic card among crypto miners. FPGA and ASIC: They are considered as the subsequent stage of bitcoin development. The ATI Radeon 5970 is a popular video card for Bitcoin mining and, to date, offers the best known performance of any video card for this purpose. This particular card has 3,200 "Stream Processors", which can be thought of as 3,200 very dumb execution units that can be trained to all do the same repetitive task, just so long as they don't have ... Interested in BitCoin and various cryptocurrencies? Start with NiceHash! Sell your hashing power and get paid in BitCoin (BTC), or buy hashing power to purchase crypto with BTC! Why use NiceHash to sell your hashing power? Automatic payments in bitcoins - daily or weekly; Minimum payout 0.01 BTC for external wallets and 0.001 BTC for NiceHash ...
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