Heya guys, First post in a while and I've missed all of you. Let's get this b*tch started!
Question 1: With GUIminer v2012-12-03 has anyone figured out a way to make the program auto-restart the mining proceedure when shares have halted after a predetermined period of time? I ask this because occasionally I'll get a long poll error due to connection issues which halt sharing intill I manuelly restart. Not to mention what happened just about 4 hours ago as I was sleeping, storm knocked power out for probably just a second as I slept (computer stayed on because of my UPS [seriously get one]) which timed out GUIminer intill I woke up and restarted it.
Question 2: Is it possible to mine with my CPU while I mine with my GPU and how would I set that up? Not sure about the extra flags or if I even can on a P67 board with my i7.
I would also like to add that
A: The bitcoin trade is going absolutely beserk
B: Mining is becoming quite profitable from what I can tell
C: When I get my tax return I'm probably going to buy a 7970, sell my 6950, buy the Butterflylabs $274 5Gh/s mining unit, and currency trade with what I have left. Saw on the BFL forums a post that estimates the 5Gh/s units should make roughly $1,255 per month before electricity costs. The profit seems to exponentially grow the higher teir unit you perchase. I wonder what the power draw on those bad boys are.
Thanks for reading guys, any comments with info are appreciated. I don't mind chatting about this topic. Couldn't sleep last night before my job interview because I was thinking so much about this stuff. -_-
The Asics won't make $1,255 per month; not at 5Gh/s. It could be extremely profitable, comparatively, though. For $300, there is no card that gets 5Gh/s; you have to go ButterflyLabs for that. If they ever actually get released, you will definitely make some money with them. However, by mining, you are raising difficulty. By making money, you're making it harder to make money, basically. If everyone buys ButterflyLabs Asics, then the BTC market could crash, which we don't want. At a current price of $230, BTC are going to continue to increase as more people mine. The difficulty will also increaes, however. Mining is designed to make it harder when more people mine; that way, the market isn't flooded. The power consumption of the 5Gh/s model won't be too much; probably the same as the 7970 you plan on getting.
You actually stated a valid concern I had. I'm wondering if the market will crash once the market is dominated by big investors that buy many of these systems. It would pretty much make it so that people that just have a nice video card they don't use all the time won't be able to profit as much without taking an investment risk to purchase one of these systems. There are individual users on BTC guild that are pulling 7.12 Th/s, not sure if these are Asic machines, but we can be sure these numbers will rise once Asic machines are mainstream.
The roughly 330 Mh/s my middle level video card pulls doesn't even come close to this monster. I certainly hope that is an array of Asic machines.
Here is the link to the article I refered to in the orginal post where the user states the estimated profits https://forums.butterflylabs.com/showwiki.php?title=FAQ:Get+Rich+Quick+Not+so+fast
Note that he does say they compensated for the increased difficulty of mining once the Asic machines are released, however I wonder how accurated that correction is.