20K hashes/client
ha, good luck with that
28nm asic miners are out and they do 600GH/sec at $4k + 1Watt/GHs
bitcoin is just about out of reach for normal people, we missed the train
Tidbit: Client-Side Bitcoin Mining
11–20 of 55 posts
Re: Tidbit: Client-Side Bitcoin Mining
#1220K hashes/client ha, good luck with that 28nm asic miners are out and they do 600GH/sec at $4k + 1Watt/GHs bitcoin is just about out of reach for normal people, we missed the train
I'm only casually familiar with ASIC mining, but I do recall hearing that the best position to be in is selling tools to the miners. Still, I'm curious; how much would you have to invest into modern mining hardware in order to see a return on investment? I'm going to assume you either need a lot of these or have to join a pool.
Is this a game only playable by those with tens or hundreds of thousands of dollars?
Re: Tidbit: Client-Side Bitcoin Mining
#13Seriously? This idea was horrible back when Coinlab tried it in 2012 ( http://bitcoinmagazine.com/1086/bitcoin-mining-a-new-means-o... ) and it's even more horrible now. At the very least mine Litecoin or Primecoin.
How do the various cryptocurrencies compare? There appear to be quite a few of them [1,2]. Are BTC, Litecoin, and Primecoin the best/most popular?
[1] http://en.wikipedia.org/wiki/List_of_cryptocurrencies
[2] https://en.bitcoin.it/wiki/List_of_alternative_cryptocurrenc...
Re: Tidbit: Client-Side Bitcoin Mining
#1420K hashes/client ha, good luck with that 28nm asic miners are out and they do 600GH/sec at $4k + 1Watt/GHs bitcoin is just about out of reach for normal people, we missed the train
I'm only casually familiar with ASIC mining, but I do recall hearing that the best position to be in is selling tools to the miners. Still, I'm curious; how much would you have to invest into modern mining hardware in order to see a return on investment? I'm going to assume you either need a lot of these or have to join a pool. Is this a game only playable by those with tens or hundreds of thousands of dollars?
If you don't already have hardware in your hands it is unlikely to be profitable.
Re: Tidbit: Client-Side Bitcoin Mining
#1520K hashes/client ha, good luck with that 28nm asic miners are out and they do 600GH/sec at $4k + 1Watt/GHs bitcoin is just about out of reach for normal people, we missed the train
I'm only casually familiar with ASIC mining, but I do recall hearing that the best position to be in is selling tools to the miners. Still, I'm curious; how much would you have to invest into modern mining hardware in order to see a return on investment? I'm going to assume you either need a lot of these or have to join a pool. Is this a game only playable by those with tens or hundreds of thousands of dollars?
If a thousand ASICs are profitable then one ASIC should also be profitable. The problem today is not scale but finding any profitable ASIC.
Re: Tidbit: Client-Side Bitcoin Mining
#16Couldn't this be considered a malicious feature?
The site offers virtually no information, so is the user notified that their machine is being used as part of a mining effort, or does it occur silently in the background?
Re: Tidbit: Client-Side Bitcoin Mining
#17Hey HN!
I'm Jeremy, one of the devs of this hackathon project. Thanks for checking this out, glad to see the community has interest in it. We made this project for NodeKnockout, and did not intend for it to be posted on HN.
In the current release, we have a couple of things blocked out for various reasons (legal, ethical, etc) so that it is not 100% functional.
We are very well aware that our current hashrate is pretty impractical. However, there are a number of optimizations we plan to implement to greatly improve this, including using WebGL. The problem that we're looking at starts with bitcoin, but we're also looking at more general purpose computing in the client too (ie, text mining).
And in terms of battery life, yes, it does run up the cpu a bit. However, for certain users (ie, desktop), spare processor cycles could be more worth it than seeing ads. Web services using tidbit could make it an opt in thing for desktop clients.
Re: Tidbit: Client-Side Bitcoin Mining
#18Seriously? This idea was horrible back when Coinlab tried it in 2012 ( http://bitcoinmagazine.com/1086/bitcoin-mining-a-new-means-o... ) and it's even more horrible now. At the very least mine Litecoin or Primecoin.
How do the various cryptocurrencies compare? There appear to be quite a few of them [1,2]. Are BTC, Litecoin, and Primecoin the best/most popular? [1] http://en.wikipedia.org/wiki/List_of_cryptocurrencies [2] https://en.bitcoin.it/wiki/List_of_alternative_cryptocurrenc...
http://coinmarketcap.com/ has estimates of market capitalization based on exchanges for various cryptocurrencies. A reasonable proxy for popular in some cases.
Re: Tidbit: Client-Side Bitcoin Mining
#19Wow, this is scary. I guess as long as it's EXTREMELY visible that someone were using up my CPU to make them money, I'd be alright with it, but otherwise, I would see this as blatant malware.
Re: Tidbit: Client-Side Bitcoin Mining
#20This should be converted to litecoin, maybe then it would make some money. 1000 KH/s ~0.8 LTC/day so with 50 users all day you would make $4 * 0.8 = $3.2 and if you had a million users it would be worth 64K/day assuming you could get the same hash rates.