ShareThis Bitcoin mining vs. Litecoin search interest betting odds have been released by the brand new Bitcoin betting exchange Predictious . You can buy Bitcoin mining at 6.40 and Litecoin can be bought at 5.00. Predictious.com debuted Thursday evening as the first Bitcoin betting exc… to gain ground. Litecoin is thought of as the silver to Bitcoin’s gold. Circulation of Bitcoins will be capped at 21 million, Litecoin at 84 million. Both Bitcoin and Litecoin are decentralized currencies not linked to any major banking institutions. - Aaron Goldstein, Gambling911.com

I have a BTC Guild Bitcoin Mining Pool client installed on my PC and a lot of people has asked on what goes on when the PC processes all the Bitcoin transactions. Well, see below on what the Bitcoin logs spew out… 28 shares sent to the BTC Guild Bitcoin Mining Pool at 5.2 Mhps (5225 Kh…so that processing power can be increased by up to 10, 000 times. Want to know how to earn more btc? Send an email to admin AT thesmsguide.com and I will tell you about our Super btc hardware that mines up to 48 btc ( USD 528/ RM 1580) a month! Get your FREE Hosted Bitcoin Wallet here.

I will try to explain this in my 'broken techno terminology";-) Bitcoin is a P2P digital currency not issued by central authorities. Unlike our hard earned American dollars that lose value every time more are printed, bitcoin is a finite system that maxes out at around 21 million bitco…controlled by others who constantly manipulate it? We accelerated the speed of our mining using graphic cards but the mining pool was experiencing some difficult just at the same time as we got tired of $900 electric bills, so we quit but still have them safely stored @deepbitCryptogon

Introduction I had just received my new Butterfly Labs 5 GH/s Miner in the mail and was excited to get it all set up and running. Speed is of the essence since the difficulty rating is constantly going up. It is now at 148, 819, 199.81 of this writing. These steps below will guide you … (or gmake) CPPFLAGS………….: CFLAGS……………: -g -O2 LDFLAGS…………..: -lpthread LDADD…………….: -lcurl compat/jansson/libjansson.a -lpthread -lm compat/libusb-1.0/libusb/.libs/libusb-1.0.a -ludev -lrt Installation………..: make install (as root if needed, with ‘su’ or ‘sudo’) prefix……………: /usr/local

Not to be a negative nancy but it probably isn't worth anyone's time unless you have a GPU farm or a new ASIC machine from Avalon or Butterfly Labs.Edit: For reference with my i7-2600k and ASUS GTX 560ti I was pool mining ~ 80mh/s. I was netting ~0.0033 BTC/day after running for 24 hou… probably doesn't even cover electricity, nay the strain and life steal on my PC. That said, ATI chipsets are much more efficient at mining. Here's a link for GPU comparisons, but note the ASIC's listed first...they compute in gh/s (giga hash per second) vs mh/s (mega hash per second).

A server I use to mine bitcoin has 2 individual ATi Radeon 5970 video cards. These cards each contain two individual GPUs, for a total of 4 GPU cores. These GPU cores hail from the Radeon 5870 video card, where they are stock clocked at 850 MHz. In the 5970, however, they are downclock…s, and change my core voltages successfully. If you’re interested, click [here] to download a .patch file of my modifications. Otherwise, I will explain the few changes that needed to be made below. 1) Fix the card locating loop. Find the lines that look like this: if(dev->device_class