I'm seriously thinking of helping the tek mine bitcoins but how much electricity will this cost me? What is involved in being involved with teksyndicates pool? Is everyone mining for themselves and then just donating the money to the tek? I mean my electricity bill is high enough is it realistic to be concerned about that.
What card do you have and i can tell you if its worth it or not.
It depends a lot on how much electricity cost in your location. In Norway where I live electricity is pretty cheap and all the watts you put in to you PC will end up as heat, which is much needed in here except for in the summer. So running your computer instead of using ovens for heat isn’t really a waste of money…
one thing I have been wondering about bitcoin mining is what kind of hardware do you need? I'v noticed everyone who does mining seems to be using AMD cards, is that a requirment? or can Nvidia cards mine too?
You can use your Nvidia cards to do it too, it's just AMD cards are more optimal for the mining algorithims. All you need to mine is a GPU(or CPU but not very effective), a mining software like GUIminer, and you're probably going to want to download a bitcoin wallet software for all your new moneyz
EDIT: I should correct that. Bitcoin is not and does not claim to be "money". It is only a currency. It doesn't use a dollar sign nor is it called a bit "dollar". Very important differences that make it so governments can't regulate it.
A 7870 will probably be ok for mining but mining is getting harder and harder. I'm using my 7950 and that's a snails pace so I can't imagine a 7870 being too great.
Would recommend CGminer instead of GUIminer. Gives me more Hash/s and you can actually use the computer while mining.
my 7870 did around 2600+ shares overnight and 800 the day before. Normally completes a share every 45 seconds or so.
For the record my 7870 does 350-360 Mhash/s in GUIMiner. What does your 7950 do?
Is the thread dead? I was wondering if it is possible to run an AMD card for bitmining and an NVidia card for graphics within the same system?
What exactly does that translate into though? I was trying to see if the money i could make would be offset by electric bills.
Try enableing the AMD card in CGMiner and disble the Nvidia one in it?
It is I believe... When you go to your Miner Utility I would think you just select the other card.
Someone correct me if I am wrong. Because maybe your system will not recognize the two cards if they aren't in SLI or CrossFire
These are my PC Specs: How would I do if I were to mine? Like how much would I generate in USD Per month or week or whatever?
PC Specs:
CPU: Intel Core i7-3930K 3.2GHz 6-Core Processor
CPU Cooler: Corsair H100i Liquid CPU Cooler
Motherboard: Asus Sabertooth X79 ATX LGA2011 Motherboard
Memory: Corsair Vengeance 16GB (2 x 8GB) DDR3-1600 Memory
Storage: Seagate Barracuda 2TB 3.5" 7200RPM Internal Hard Drive
Video Card: EVGA GeForce GTX 680 Classified Edition 4GB Video Card
Wireless Network Adapter: Rosewill RNX-N300X 802.11b/g/n PCI Wi-Fi Adapter
Your going to hate me for saying this, but nothing matters really in your build except your GPU. Your 680 Classified will do no better at Mining than a stock 670. NVIDIA cards accross the board are all extremely aweful at the mining algorithms and therefore will earn almost nothing. I have a 670 and I feel like a derp not buying a 7970 as a good 7970 gets about 700MH/s while a 670 gets no more than 110MH/s at max overclock. Let's say you get 110MH/s and the BTC Exchange Value is at 180 USD. You would make about 0.007209769 BTC per day, 0.050468386 per week, and 2.631565845 per year... running 24/7 of course.