Bitcoin-based online gambling

[Gilmartin]

MF, sent you PM on the other board. Can't here yet.

 

[Blitty]

I heard SR went down yesterday from a ddos attack..Any confirmation?

 

[bacon]

you guys are shady as fok is what you are

 

[Matty]

 

[bacon]

 

[Matty]

I just bought a video card (Radeon 7950) to see what the fuss is about.

Buyer's remorse. Trying to cancel my order but the ghetto-ass paki computer store won't answer the phone or emails.

I don't wanna be a mining nerd.

 

[Matty]

Done.

Gonna go buy more bits and coins.

 

[FreeFall]

Matty come join the miners! LTC awaits you

 

[Matty]

Is your rig up and running? What did you go with?

Was just curious to try, I don't even have the space to set up a computer, it would need to sit behind my TV and there's already 2 laptops there.



Gonna buy 150 more LTC instead of a low-end mining rig that would produce 1BTC a month for God only knows how long.

 

[FreeFall]

I ended up getting 4x7970. I'll let you know what it gets on average after a weeks running. I'm aiming at getting 174 litecoins a month with this setup. Well see how I do.

 

[Matty]

How much did that run you? Them cards are $400 a piece on newegg... I'm assuming $2k for the whole thing, which is about 500 LTC at today's price.

Better hope that Butterfly Labs keeps shipping only 4-5 ASICs a day...

 

[FreeFall]

How much did that run you? Them cards are $400 a piece on newegg... I'm assuming $2k for the whole thing, which is about 500 LTC at today's price.

Better hope that Butterfly Labs keeps shipping only 4-5 ASICs a day...

you're numbers are correct. I think there will be other currencies I can put my kid box on if the ASICs move to litecoin. I also remember reading that these butterfly machines won't work as well for litecoins and that litecoin is faster mined with GPUs, but I could've been on some dudes blog.

I'm also in it for the fun community perspective too. I believe in a currency like this and would like for it to succeed. The profit part is just fun gambling on the side since luckily I still have a day job. Not to mention I enjoy building computers.

 

[FreeFall]

https://bitcointalk.org/index.php?topic=187127.0

"No I don't think so, as ASICs are specifically designed (in hardware) for one algorithm. It's like a software manifested directly into hardware. This makes it very efficient on the one side but completly unflexible on the other side (unlike a normal computer it can do only this kind of operations and nothing else).

So in general you can only mine coins with them, which use the same hashing algorithm as bitcoin (SHA-256). For this reason you cannot mine Litecoins with ASICs (as they use Scrypt), but others which also use SHA-256 (AFAIK).

john
"

if we wanna believe mr John. That doesn't stop a company from making an ASIC machine for litecoin though.

 

[Matty]

Yah, that was my thinking when I ordered a 7950 (other scrypt-based coins are gonna be profitable), but I just can't be bothered. Thing's gotta be noisy as shit when running at full throttle.

GL with that and do post your numbers when it's running, along with some pics. :litecoinporn:

 

[rito]

Was just curious to try, I don't even have the space to set up a computer, it would need to sit behind my TV and there's already 2 laptops there.

 

[Matty]

lol

 

[FreeFall]

yeah can we get more on that. Why do you have two laptops sitting behind your TV and how can that possibly be useful? I think it's time for an UPGRADE!

 

[Matty]

These laptops are working hard man. They're slowly mining a diamond ring.