Bitcoin mining experiences

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abap_doctor
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Bitcoin mining experiences

Post by abap_doctor » Wed May 06, 2015 5:37 am

Hi chaps, long time no see...

At new role, so don't know how much time I'll get to indulge here, so don't get annoyed if I'm ignoring you...

Anyone got and Bitcoin mining experiences to share with the group?

Is anyone making any money? Is it even economic to mine using UK electricity?
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Gothmog
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Re: Bitcoin mining experiences

Post by Gothmog » Wed May 06, 2015 6:33 am

It depends - are you paying for this electricity? :mrgreen:
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abap_doctor
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Re: Bitcoin mining experiences

Post by abap_doctor » Wed May 06, 2015 6:47 am

Olfactorily... :(
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Al.
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Re: Bitcoin mining experiences

Post by Al. » Thu May 07, 2015 2:02 am

Could a mining program be written in ABAP , scheduled under an innocuous name & left to run? Run that across lots of systems & it could be a nice little earner :D

abap_doctor
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Re: Bitcoin mining experiences

Post by abap_doctor » Fri May 15, 2015 8:00 am

SAPFANS must be getting boring... No one has posted any messages in a week!
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Gothmog
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Re: Bitcoin mining experiences

Post by Gothmog » Tue May 19, 2015 3:44 am

Tell me about it...
There are even days when I don't have a spammer to hammer!
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Snowy
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Re: Bitcoin mining experiences

Post by Snowy » Tue May 19, 2015 3:12 pm

Gothmog wrote:Tell me about it...
There are even days when I don't have a spammer to hammer!
that's because, sometimes, I banhammer them before you see them!

abap_doctor
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Re: Bitcoin mining experiences

Post by abap_doctor » Wed May 20, 2015 3:41 am

So no one has any Bitcoin mining experience?

It may be worth it in low-energy costing countries (wherever they may be) or where it's not unusual to steal electricity, but in UK I don't think it's economic.

I have several high-hashing cards running at varying rates of efficiency, but my smart meter is going frantic, and the on-line graphs at my provider are comical... At one time they said I was using 180% more than similar households...

Can't be worth it?

In my defence, can I say that these cards were ordered when the price of a bitcoin was over USD1200, and seemed a good idea. Now the price is around $240...
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Count
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Re: Bitcoin mining experiences

Post by Count » Wed May 27, 2015 8:38 am

g'day doc ... howdy?
I recently dabbled with the bitcoin idea but gave it up once I realised the electricity cost involved in running those darn servers.. dont get me wrong a mate of mine was trying to give away a few (good) servers for dirt cheap price, but the cost of electricity in his own words was prohibitive ... am in the mid-west of usa these days,.. hope this helps good man..
cheers
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abap_doctor
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Re: Bitcoin mining experiences

Post by abap_doctor » Fri May 29, 2015 4:31 am

Hi count

Got four cards hashing at a total of over 3000 GHs, using four quality/efficient power supplies. Supposedly the cards need less than 0.8W/GH so I guess I'm using a maximum of about 2.5kW (most of which is turned into heat!) and run them for about four hours a day (won't run them when I'm not home/asleep!)

The mining pool I'm using estimates this will get me about 7 bitcents in 24HRs so I'm getting just over 1 bitcents for the four hours @ 2.5kW... So that's about GBP 1.60 earned and about GBP 1.10 paid out for electricity...

You tell me if 50p a day is worth it?

Remember I've got to pay the capital cost of four cards and four power supplies...

Well, it gives me a hobby!

Would be interested to see the sums done in USD...

Cheers!

(all above calculations are my own guesstimates!)

Grab that beer!
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Count
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Re: Bitcoin mining experiences

Post by Count » Wed Jun 03, 2015 4:02 pm

g'day doc..
.5 gbp = .766867 USD on xe.com at 1600 hrs central time usa. which is about 279.906455 usd per year.
What would that amount mean to you personally doc? About 1 hour of time-and-a-half pay you get? I dont know... and in your own words you havent calculated the capital cost,.. cost of your time to set it all up,.. and you will spend time on these pottering around to some extent wont you?
One thing I just came to know this morning is electricity price goes up 3.5% during summer in Iowa,.. if you have such rules there you may want to factor that as well,..
there now you know my take... either you try to be rational about it or you go with your heart... :roll:
cheers
c.
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abap_doctor
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Re: Bitcoin mining experiences

Post by abap_doctor » Mon Jun 08, 2015 5:11 am

Complete message removed when sapfans refreshed itself...

Can't be bothered to remember what I typed...

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sapmanie
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Re: Bitcoin mining experiences

Post by sapmanie » Thu Jun 11, 2015 1:47 pm

A bitcoin ABAP program, running across multiple servers certainly sounds interesting :-) :-)

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