My Bitcoin mining experience - RootUsers

What is a GPU that could mine one BTC every month by itself?

Forgive me if this is stupid, I'm new to bitcoin.
submitted by theguywithacomputer to Bitcoin [link] [comments]

Wow! Many thoughts. Such scholar.

tl; dr: We aren't taking enough advantage of the community to make doge, the coin available to all. I argue that the only reason many are still here, even now, is for the meme, not the coin.
Problem-> big players with lots of money mine doge, sell 4 bitcoin. who has doge? Not you and me. this is bad
Every person that has a computer has dedicated or integrated gpu. I propose moving doge back to GPU usage.
Please read extended if you wish to decry me or bring up a reasonable discussion.
(rambling) Ever since ASICs came into play, I gave up mining on my GPU, sold it, and went to my old ati 4850 card. I just wasn't excited any more. I wasn't involved. This is one of my attempts at spurring a solution to a primary problem- not only is the 51% a problem, but for the future of the coin, who has doge is the real problem.
I'm not the only one that's felt this way, i'm sure of it. It's only because of DOGE that i even learned about bitcoin/cryptocurrency. The question of "how do i mine?" in bitcoin usually gets "if you're not using an asic, don't even try" - ltc and doge were different. Not any more. Our hashrate has fallen as well. It makes no sense to get into doge right now. (/rambling)
"But doge is cheap! Just buy some on an exchange!" That doesn't solve our problem of a potential 51% attack from a motivated thief, and it only creates yet another barrier to entry. Not everyone wants to go onto an exchange or purchase an asic for a coin that could be screwed over at any moment. ESPECIALLY when if they sign up for an exchange they can just buy bitcoin which can be used for so many more things.
Doge's hash rate and value per mined coin has been in the dumps for a long time. Litecoin miners etc, have abandoned their GPUS and are selling them in droves on ebay for cheap. With reasonable amount of investment, a larger portion of the community can mine.
If we do this right, I think we can bring back doge, as a COMMUNITY. Gpu's are cheap again, you can find many high-tier gpu's on ebay for less than msrp (significantly less) (a 6 GB 7990 is 400 bucks. it used to be over 800).
Solution: move to Gpu-heavy algorithm and get community able to mine the coin again. Value will go up as we trade with each other. Screw exchanges and exchange rates. That's not the only way to benefit from mining the coin. If I could trade with someone all of my doge for alpaca socks in the amounts that I can afford, I'mma buy alpaca socks with it, gosh darn it.
I ALSO recommend with that, extending the remaining halvenings, and considering increasing per-block payout, so community members who will keep and actively trade the doge, will get into it. It's so cheap that I think we have a while until we'd have to worry about GPU farms mining doge.
Promises: I promise that if we get GPUs relevant again or some way to give the community MORE COIN than ever before (like every individual subscriber to this sub holding 100,000 doge), we will have more individually spread out coin than ever before, meaning more people have doge, meaning doge stores can make more money. You have to disseminate the coin for it to be used. If only ASICs can do it then we're limiting the number of people that can get into it via mining, however small.
I hope you understand what I'm trying to get at here.
submitted by Dwood15 to dogecoin [link] [comments]

3xHD5970 bitcoin mining rig i7-3770k / GTX560 Ti water cooled + Radeon 7990 4x Radeon HD 7990 Mining Monster Rig (8 GPUs) 2 x AMD ATI 7970's litecoin mining - 1420Khash/s 2 x AMD ATI 7970's litecoin mining

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3xHD5970 bitcoin mining rig

GPU bitcoin mining rig ATI Radeon 5850 x 4 bitcoin miner. You will see how easy it is to make your own Litecoin mining rig with a single 7990 GPU. You can easily get greater than 1.2MH/s performance with a Powercolor 7990 GPU. LTC donations welcome ... In this Video I build a Mining Computer with two friends. It can create Litecoins, Fastcoins, Galaxycoins and so on! The Rig: Radeon XFX 7990 HD Graphiccard AMD Athlon II 3.4 GHz CPU 4x2 GB DDR3 ... My main mining rig, more development in progress. Total: 2,1Ghash! my Bitcoin Mining Speed with ATI Radeon HD 5870. How Much? can you make from building and mining 6 GPU rig with Ethereum and NiceHash Part 1 - Duration: 19:53. How Much? 887,138 views

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