Hi Guys
I was thinking that grrr should get in to bitcoin mining.
We have a number of members and if utilize our collective hardware.
It quite technical thing, but works much like other p2p sharing apps.
A group of 4 people mining only partial can generate about $80 a month.
So we could theoretically make a lot more.
This money we could then use to pay all our grrr fees and more down the line.
Let see what interest we have.
Bitcoin
I may be misinformed, but my understanding was that successful bitcoin mining required dedicated hardware farms rather than simple GPU based processing. Also, it works very well on AMD hardware, but not nVidia. Let me see if I can find the article I was reading on the subject...
Ah, here we go:http://www.tomshardware.com/reviews/bitcoin-mining-make-money,3514.html
As you can see, the article is pretty recent (9th June). it seems to indicate to me that GPU based mining is a bit worthless? Especially considering the escalating cost of electricity in SA.
Anyway, if other people know better, I'd be happy to give it a go.
Ah, here we go:http://www.tomshardware.com/reviews/bitcoin-mining-make-money,3514.html
As you can see, the article is pretty recent (9th June). it seems to indicate to me that GPU based mining is a bit worthless? Especially considering the escalating cost of electricity in SA.
Anyway, if other people know better, I'd be happy to give it a go.
It all depends what you want to make out of it.
There are mining farms at hat we can join with, or start our own.
If we planning on generating huge amounts of cash then yes dedicated hardware and time is needed.
But a small operation can generate a few hundred dollars a month, using our standard pc hardware.
There are mining farms at hat we can join with, or start our own.
If we planning on generating huge amounts of cash then yes dedicated hardware and time is needed.
But a small operation can generate a few hundred dollars a month, using our standard pc hardware.
