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Aidan-Fleming

Member

Registered: 17th May 08
Location: Westhill, Aberdeenshire
User status: Offline

3rd Dec 13 at 09:18

The guys website was caller Silkroad which has been removed.

But this is another one lol have fun

https://sheep5u64fi457aw.onion.to/account/profile/751e2593ae7c2c692610a04de82c6a62

Aidan-Fleming

Member

Registered: 17th May 08
Location: Westhill, Aberdeenshire
User status: Offline

3rd Dec 13 at 09:18

Haha it's been cut off!!

Brett

Premium Member

Registered: 16th Dec 02
Location: Manchester
User status: Offline

3rd Dec 13 at 09:21

http://www.bbc.co.uk/news/technology-25185225

Aidan-Fleming

Member

Registered: 17th May 08
Location: Westhill, Aberdeenshire
User status: Offline

3rd Dec 13 at 09:27

Oh yeah Brett. I'd pretty crash how people can do this. Fair to say my brain isn't as good as there's lol

Dom

Member

Registered: 13th Sep 03
User status: Offline

3rd Dec 13 at 12:32

quote:
Originally posted by Aidan-Fleming
What the fck are you's on about haha

Could say the same

will_ainsworth

Member

Registered: 8th Jun 07
Location: London, UK
User status: Offline

3rd Dec 13 at 17:31

I had 15 bitcoins on mt gox but i stupidly bought pot with them when i was at uni. what a waste.

Balling

Premium Member

Registered: 7th Apr 04
Location: Denmark
User status: Offline

3rd Dec 13 at 17:33

How much pot did you get for your $15000?

Brett

Premium Member

Registered: 16th Dec 02
Location: Manchester
User status: Offline

3rd Dec 13 at 17:44

Money well spent imo

Russ

Member

Registered: 14th Mar 04
Location: Armchair
User status: Offline

3rd Dec 13 at 19:00

quote:
Originally posted by John

quote:
Originally posted by Paul_J

Something massive happened on the internet, I knew all about it and that would have taken off and made me a millionaire but something else happened that wasn't my fault that stopped me doing it.

I know Paul, you've had hard luck with almost every single internet fad that's happened for the past 30 years.

so much this

Dan

Premium Member

Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline

3rd Dec 13 at 20:12

I want a better pc now, so I can mine properly :/

This shits addictive!!!

I wont do it, but whats an ok computer I could use to mine at an ok rate, say 1 block (50 ltc) a week going to cost?

Adult GiftsClick here to vist us

Russ

Member

Registered: 14th Mar 04
Location: Armchair
User status: Offline

3rd Dec 13 at 20:26

dan, just fucking have a word

Dom

Member

Registered: 13th Sep 03
User status: Offline

3rd Dec 13 at 20:52

quote:
Originally posted by Dan
I wont do it, but whats an ok computer I could use to mine at an ok rate, say 1 block (50 ltc) a week going to cost?

50 LTC (~$1700) in a week?!

Right, look up mining calculators but you'll probably need in the order of 20,000KH/s to generate that in a week, so you wouldn't ideally go down the GPU mining route (you'd need ~15 x 7990's, or double 7970's) rather you'd use FPGA units - a 4000KH/s unit is ~$4500 each, so $22K/£14k.

Edit - Actually, you're probably look at 14/15000KH/s (if you go by this, litecoinpool.org/calc); so £8/9K in hardware.

[Edited on 03-12-2013 by Dom]

Brett

Premium Member

Registered: 16th Dec 02
Location: Manchester
User status: Offline

3rd Dec 13 at 22:04

Lol

John

Member

Registered: 30th Jun 03
User status: Offline

3rd Dec 13 at 22:11

http://hackaday.com/2013/12/03/stealing-100-million-in-bitcoins/

Dan

Premium Member

Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline

4th Dec 13 at 06:16

Christ. That's some investment. However. 10k in hardware would mean you could mine enough coins to pay that back in 7 weeks!!

If you could mine 1 block a month. That would be an awesome little bonus. I can see why there's a lot of people doing it.

Adult GiftsClick here to vist us

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Online

4th Dec 13 at 06:35

£10k in hardware but you're square in 7 weeks.

That's 20 people at 500 quid.

1. Ian

[Edited on 04-12-2013 by Ian]

Dan

Premium Member

Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline

4th Dec 13 at 07:01

Theres a twin 7990 custom rig on eBay. £1600.

That would allow around 2200kh/s.

Based on the calculator. You could return around £800 a month. Two months and it's returned your investment. That's if the price stays the same. If it goes up its great. But could plummet.

Adult GiftsClick here to vist us

Dan

Premium Member

Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline

4th Dec 13 at 07:03

quote:
Originally posted by Ian
£10k in hardware but you're square in 7 weeks.

That's 20 people at 500 quid.

1. Ian
2. Dan
[Edited on 04-12-2013 by Ian]

I can't believe on eBay. You can pay per hour for people to mine for you.

Adult GiftsClick here to vist us

Balling

Premium Member

Registered: 7th Apr 04
Location: Denmark
User status: Offline

4th Dec 13 at 07:38

quote:
Originally posted by Ian
£10k in hardware but you're square in 7 weeks.

Unless the bubble bursts and the market drops, of course.

John

Member

Registered: 30th Jun 03
User status: Offline

4th Dec 13 at 08:47

That's exactly what would happen if you bought £10k in hardware today. I don't buy the stories about 'nice to have a chunk to pay towards the mortgage'. That chunk is tiny if you are making thousands a week from it, why would you sell it instead of just waiting a couple of weeks.

Dom

Member

Registered: 13th Sep 03
User status: Offline

4th Dec 13 at 12:41

quote:
Originally posted by Dan
Theres a twin 7990 custom rig on eBay. £1600.

Power consumption is your main issue with GPU mining; 7990's are around 300-350w at load. Only real advantage is resale value, so if the arse falls through the market then you can at least make something back on the hardware.

quote:
Originally posted by Dan
However. 10k in hardware would mean you could mine enough coins to pay that back in 7 weeks!!

You need to factor in the increasing difficultly level and the market price of LTC though.

[Edited on 04-12-2013 by Dom]

Balling

Premium Member

Registered: 7th Apr 04
Location: Denmark
User status: Offline

4th Dec 13 at 12:53

quote:
Originally posted by Dom
if you go by this, litecoinpool.org/calc

"Probability of a Block in 365 days 13.23%"

So no, that's not what I'll be using my spare MacBook for...

Paul_J

Member

Registered: 6th Jun 02
Location: London
User status: Offline

4th Dec 13 at 13:11

quote:
Originally posted by Dan
Christ. That's some investment. However. 10k in hardware would mean you could mine enough coins to pay that back in 7 weeks!!

If you could mine 1 block a month. That would be an awesome little bonus. I can see why there's a lot of people doing it.

Apart from the difficulty keeps rising, so in 7 weeks the hardware won't be able to mine as much as it can now. I've heard of people buying hardware and then by the time it was delivered it was basically useless due to the ever increasing mining difficulty.

Dan

Premium Member

Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline

4th Dec 13 at 13:16

How fast is the difficulty rate rising at present?

Adult GiftsClick here to vist us

Dom

Member

Registered: 13th Sep 03
User status: Offline

4th Dec 13 at 13:59