If they could somehow get a hold of the GPU and you had the equivalent of 10 decent gaming PCs connected at all times you'd get a little over $450 a year by my lazy calculations
Tidbit: Client-Side Bitcoin Mining
51–55 of 55 posts
Re: Tidbit: Client-Side Bitcoin Mining
#52Bear in mind that this will net the creator a few cents a day (if that even), and burn thousands of dollars in power for their clients. This wasn't economical in 2011 and it's sure as hell not economical now. I'd be pretty pissed off is websites started eating my CPU and battery just to make such a pitiful amount of revenue. To put this in perspective, for $5 you can buy a USB ASIC miner that will do 335MH/s, worth t…
I don't think you can get a USB ASIC for $5. They're still in the tens of dollars range.
Re: Tidbit: Client-Side Bitcoin Mining
#53Bear in mind that this will net the creator a few cents a day (if that even), and burn thousands of dollars in power for their clients. This wasn't economical in 2011 and it's sure as hell not economical now. I'd be pretty pissed off is websites started eating my CPU and battery just to make such a pitiful amount of revenue. To put this in perspective, for $5 you can buy a USB ASIC miner that will do 335MH/s, worth t…
I don't think you can get a USB ASIC for $5. They're still in the tens of dollars range.
For new ones sure, but there's people selling used ones for a lot less. There's cheaper Bitfury based ones now anyway, so I can't imagine why anybody would spend their money so unwisely.
Re: Tidbit: Client-Side Bitcoin Mining
#54Hey HN! I'm Jeremy, one of the devs of this hackathon project. Thanks for checking this out, glad to see the community has interest in it. We made this project for NodeKnockout, and did not intend for it to be posted on HN. In the current release, we have a couple of things blocked out for various reasons (legal, ethical, etc) so that it is not 100% functional. We are very well aware that our current hashrate is pret…
What sort of text mining could you do "profitably"?
Re: Tidbit: Client-Side Bitcoin Mining
#55Earlier quoted context omitted.
I'm only casually familiar with ASIC mining, but I do recall hearing that the best position to be in is selling tools to the miners. Still, I'm curious; how much would you have to invest into modern mining hardware in order to see a return on investment? I'm going to assume you either need a lot of these or have to join a pool. Is this a game only playable by those with tens or hundreds of thousands of dollars?
The biggest problem with ASIC miners that I see is that they do not ship until "a few months". With the mining difficulty growing exponentially [1], the hardware you buy now will be relatively obsolete in a few months. For example by buying the latest 600GH/s from Butterfly labs[2] at 4500$, you'd break even in about a month according to the acula mining calculator[3]. The problem is that your card will arrive in Jan…
KNC is already shipping a 28nm 550GH/sec miner for $5k
There are people already using them and more next month.
Butterflylabs will be out early next year.