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  • Bitcoin mining dangerous?

    Discussion in 'Bitcoin Forum' started by Samm3, Feb 26, 2012.

    1. Samm3

      Samm3 New Member

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      As the titles says, is bitcoin mining dangerous in any way?
      Can it give other people acces to your computer, give you viruses etc?

      I just wanna know if there's any risks with it except the electricity bill.
       
    2. NanoBot

      NanoBot New Member

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      nope i used it and gave up waste of time imo
       
    3. A1l3n

      A1l3n New Member

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      Unless you got a super rig, with like 4 ATI card's past the 5xxx's and the money to electricity.


      This isn't even worth it.
       
    4. Samm3

      Samm3 New Member

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      I got 2 AMD Radeon HD 6870 ^^
      I just thought I could make some bitcoins to afford to buy Honorbuddy ^^
      If I want to buy this bot with bitcoins it would take me approximately 16-17 days to mine.
      The downsides is that I have to run it 24/7 and the computer sounds like a freakin' fire truck with this shit on, and I even got an Alienware Aurora R3 computer.
       
    5. shaorinor

      shaorinor New Member

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      You'll spend more on your electricity bill than you would if you just bought HB.
       
    6. Samm3

      Samm3 New Member

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      No, not really
      I calculated how much extra it costed to run it for 16-17 days and it was 2 EUR.
       
    7. zameek

      zameek Member

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      dude ur wrong u can buy fpg cards but like 500-600$ and each get 300-400m/hs
       
    8. 22diehard22

      22diehard22 New Member

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      You can get a virus doing any thing. Its the internet.
       
    9. republican

      republican Member

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      You dont even have to be on the internet.....muhaha
       
    10. 22diehard22

      22diehard22 New Member

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      Yes girls include virus's 2..
       
    11. Detritus

      Detritus New Member

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      1. bitcoin mining itself is not dangerous.
      2. No, bitcoin mining can not give your computer a virus. However since bitcoins have value if people know you have them it makes you a valuable target for more convential attacks such as phishing, key loggers, ect to try and gain access to your machine.
      3. Bitcoins are a anonymous method of exchanging value via a peer to peer network. The risks are multiple, but are the same as with any type of currency trading. (I. E. You bought high and sold low, you paid cash for a worthless product, you spent more making the coins than they are worth, ect.)

      Having said that, bitcoin mining can be quite profitable if your have done your homework and have proper equipment.

      With current market conditions I produce about $667.83 dollars of value in bitcoins per month, which costs me approximately $253.99 in electricity for a profit of $413.84 per month. These figures change based on a number of factors: bitcoin generation difficulty, electrical rates, current bitcoin to dollar exchange rates, ect. There are plenty of ways to fail to handle any of those factors and kill your profit.

      Having said that, I have a fairly large mining rig. I am currently hashing at 6.8GH/s. The rig to do this has ten 5870's GPUs, and a handful of other 69xx and 5xxx series cards. This represents a large investment in hardware and time. The hardware has long since paid for itself, and produces a profit for me each month, and I own the hardware which has value and paid for itself.

      I go by same nick in the official bitcointalk forums. If you follow the forums you may have read the guide I made on constructing open frame cases for mining rigs.

      100_0320.JPG

      Album: vent
       
      Last edited: Nov 2, 2012
    12. harleystcool

      harleystcool Banned

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      holy shit, looks like you built a time machine! how much was the rig if you don't mind me asking?
       
    13. Thavey

      Thavey New Member

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      Where do you usually sell your bitcoins?. Is bit can be considered as payment method when buying game virtual goods?
       
    14. plzdontban

      plzdontban New Member

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      Nice! So after 15 months to break even on buying every graphics sold at.newegg, you make enough monthly to.handle a car payment... I will never understand why ppl don't put their creativity and resources to a better use. Bitcoin sucks so much ass
       
    15. cpy

      cpy New Member

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      Unless you own solar powerplant :D
       
    16. DaSoul

      DaSoul Well-Known Member

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      GPU mining isn't worth it anymore. Soon the difficulty raises that high, so only the best ASIC miner will make profit. The only persons getting really rich right now, are the sellers of mining hardware.
       
    17. xwozone

      xwozone Active Member

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      Do it at work :) Let them pay for the power.
       
    18. GamingOn

      GamingOn New Member

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      The best kinds of viruses tho :D
       
    19. Mar

      Mar New Member

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      ASIC minng rule as i see. No place for GPU.
       
    20. terhorn

      terhorn New Member

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      I agree.

      Having several Wind turbines in a typhoon zone should break even:cool:
       

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