The Geek Out
I'm totally lost. As usual.
Tasca Super Boss 429 Member
Joined: December 11, 2007
Posts: 7,575
Likes: 11
From: Uxbridge, MA
There are a couple of machines that are in the $400-$500 range but are sold out. The machines that sell for thousands may still be available. The more expensive the machine, the more hashes it processes, thus more coins!
Pools are supposed to be the best way to go. Hundreds or thousands of people sharing the processing. The coins that found is shared by everyone and split by the amount if work you did to find it.
Tasca Super Boss 429 Member
Joined: December 11, 2007
Posts: 7,575
Likes: 11
From: Uxbridge, MA
I've been running since maybe 3pm yesterday, so about 18 hours and i've earned just under a penny in Litecoin. So i've made about 23 cents in real money so far. At the 52.4 KH hashrate, it estimates I could earn .013 litecoins per day.
Tasca Super Boss 429 Member
Joined: December 11, 2007
Posts: 7,575
Likes: 11
From: Uxbridge, MA
Post *****
Joined: October 9, 2007
Posts: 32,808
Likes: 163
In Litecoin it would probably do about 2-3 times what i'm doing with just my i7 2600K It is similar, that's why i'm looking into it since it's still CPU and GPU based, plus no hardware available to do it yet. Lower value right now too. Litecoin can also be converted to Bitcoins but the exchange rate may not be worth it right now. There are a couple of machines that are in the $400-$500 range but are sold out. The machines that sell for thousands may still be available. The more expensive the machine, the more hashes it processes, thus more coins! Pools are supposed to be the best way to go. Hundreds or thousands of people sharing the processing. The coins that found is shared by everyone and split by the amount if work you did to find it.
I also understand this is intentional as computers gain more and more processing power each year the bitcoin becomes harder and harder to get in order to keep up with that advancement
Again it's very interesting
One thing that worries me is the volatility of the market value of a bitcoin
It used to be worth a few dollars then jumped to like $1600 I think and then fell back down to $600 in a short time.
Fiat money rises and falls too but for now the bitcoin is wildly speculative it seems
Tasca Super Boss 429 Member
Joined: December 11, 2007
Posts: 7,575
Likes: 11
From: Uxbridge, MA
As I understand it there is a finite amount of bitcoin and as more bitcoins are earned by anyone the harder it becomes to earn the next one. Now it may be infinitesimally small the amount it gets more difficult.
I also understand this is intentional as computers gain more and more processing power each year the bitcoin becomes harder and harder to get in order to keep up with that advancement
Again it's very interesting
One thing that worries me is the volatility of the market value of a bitcoin
It used to be worth a few dollars then jumped to like $1600 I think and then fell back down to $600 in a short time.
Fiat money rises and falls too but for now the bitcoin is wildly speculative it seems
I also understand this is intentional as computers gain more and more processing power each year the bitcoin becomes harder and harder to get in order to keep up with that advancement
Again it's very interesting
One thing that worries me is the volatility of the market value of a bitcoin
It used to be worth a few dollars then jumped to like $1600 I think and then fell back down to $600 in a short time.
Fiat money rises and falls too but for now the bitcoin is wildly speculative it seems
I've seen infinite amounts available, and i've seen a cap at 21 million for Bitcoin and something like 84 million for Litecoin. I need to look into that more.
Nope. Still in love with my Droid Maxx.
Just Plain Rude!
Joined: February 1, 2004
Posts: 3,393
Likes: 18
From: Denton, TX
Post *****
Joined: May 13, 2004
Posts: 18,616
Likes: 3
From: Berkeley/Redwood City, CA
Arin went windows phone this time 
Nokia Lumia Icon. truthfully, only picked it up because of the camera, and because I can still use most droid things on my Nexus7. So far, actually really digging the windows 8 tiles. Makes much more sense on my phone than it does on my parent's laptop
Nokia Lumia Icon. truthfully, only picked it up because of the camera, and because I can still use most droid things on my Nexus7. So far, actually really digging the windows 8 tiles. Makes much more sense on my phone than it does on my parent's laptop
Shelby GT350 Member
Joined: December 16, 2011
Posts: 4,567
Likes: 1
From: Minnesota
some how I knew that was the main reason you got that phone 
Edit: whoops, deleted the part about the camara Yup, it's better, IMO, on a tablet phone.
Edit: whoops, deleted the part about the camara Yup, it's better, IMO, on a tablet phone.