47 Ronin Bitcoin Mining group

Discussion in 'General Discussion' started by FuZion, Dec 5, 2013.

  1. FuZion
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    FuZion The 47 Ronin

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    Anyone in here interested? Icewolf I think you should head this up man, we could all pitch in with our uber computers and pick away at some cash yeah?


    Also, if any of you know some bottom line information on how this actually works please feel free to explain because some of this is confusing as im just reading on it now. I watched a few videos but, is it actually worth it in the long run? I don't mind leaving my computer on to pick away with you guys.
     
  2. Col. Gaspar
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    Col. Gaspar The 47 Ronin

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    hrmmm... if I dedicated my machine while idle for bitcoin mining we might be able to draw some good cash flow for the servers... I have a buddy who mines for a few k a year... but he has like a 5 blade server rack... this would be a cool community effort that might make some dollas for the servers...
     
  3. Hunter
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    Hunter The 47 Ronin

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    1BTC = >$1200 lol

    HD7950 and HD7970 are popular to dig up these BTC. Wait....I have 2x and Fusion got 1x :)
    It best to mine in group though
     
  4. Hunter
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    Hunter The 47 Ronin

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  5. Col. Gaspar
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    Col. Gaspar The 47 Ronin

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    Damn... I need to try and mine for bitcoins with my titans.... I need every dollar I can come by... That is if we don't start a 47R pool

    Sent from my Nexus 5
     
  6. FuZion
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    FuZion The 47 Ronin

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    Well if we can get our greedy little gaming hands on one bitcoin, that's 1200$ to split between us. It's 6gigs of crypted data that we have to crunch through so I'm sure it's no easy task. We can link the account to the server and maybe ice can hand out payments via PayPal with some for the server as well.

    I'm gonna make a hypothesis and say 25 of us hit this for a month, that's 50$ each a month, 600 a year. You know just try it out.
     
  7. fAt Kaka
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    fAt Kaka The 47 Ronin

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    If this was 7 months to 1 year ago, yes. This opportunity will make us money.

    I am not an expert on this, but my friend calculated the cost of energy to run the machines will exceed the profit. i.e. it's much much more difficult to mine than it was some time ago.

    I hope you guys know something I don't, so we can get this rolling. Is it possible to set up a bunch of PS3 in series for this job? I mean, that's a lot cheaper than bundle up all the nice PCs that we game with everyday.

    Let's sell drugs instead.

     
  8. Ghonzo
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    Ghonzo The 47 Ronin

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    Welp if anyone using solar panel or those company that lease you solar panel for a flat rate energy cost won't be an issue :D

    But yea mining Bitcoin sounds like a good idea but its pain in the ass as well XD
     
  9. FuZion
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    FuZion The 47 Ronin

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    Shhh! There watching! But ok. I'm up to season 5 breaking bad. I can do it.
     
  10. built[4]sin
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    built[4]sin Staff Member Moderator

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    what's the theory behind this practice? i keep hearing about bitcoins and the mining of bitcoins, but i don't understand it at all
     

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