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There be gold in those Bits

14/04/08 at 7.24pm   /   by BLUEZTEEL   /   0 Comment

SO…
I decided to toy around with Bitcoin mining. Bitcoin mining is the processing of transactions in the digital currency system, in which the records of current Bitcoin transactions, known as a blocks, are added to the record of past transactions, known as the block chain. Each time a block is processed the processing party gets rewarded with 25 Bitcoins (~$12500.00). It is impossible to mine on your own and be profitable so I joined a mining pool. The pool I am using is slush’s pool or Bitcoin.cz. The pool uses a score system and the pool fee is 2%. The rig I bought consists of two Avalon ASIC 60 GH/s miners, I have them overclocked at around 63 GH/s each for a total of 125 GH/s. At the current difficulty I should make anywhere from 130.00-150.00 a month mining minus electricity.

bitcoin

The only bad part is these guys put off a lot of heat…I MEAN MEGA HEAT

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