Video card Bitcoin mining

Bitcoin… What started off as quiet Open Source software project, gradually became one of the most ambitious ventures on the Internet. Embraced by the savvy technocrats from the left and the right of the political spectrum Bitcoin is beginning to capture the headlines of the mainstream. But what the hell is bitcoin? According to the wikipedia Bitcoin is a digital currency created in 2009, based mainly on a self published paper by Satoshi Nakamoto. It is the government independent, internet distributed, community generated, mostly anonymous, virtual cyber currency without borders – a dream for anarchists and libertarians. Unchecked by the worlds governments, but with global reach, it might just be the Next Big Thing.

Bitcoin is most commonly generated through a process called mining, which is technically mathematical hashing with properly equipped computers solving large numbers of mathematical functions and being rewarded with blocks comprised of 50 Bitcoins each. Installing the free Bitcoin software from will create a “wallet” on your computer with a unique ID that will allow you to send and receive Bitcoin. The amount of Bitcoin entering the world is finite, capped at a lifetime of 21million by the mathematical formula governing it. At the present there are over 7 million bitcoins in the world.

Fool's errand

2013-03-28 08:25:33 by Grypjon

By now it's too late. One video card won't find a new block in <270 days and at that rate the cost of electricity is more than the value of the block.
This ship has sailed.
You could join one of the many co-operative mining ventures and get minuscule paybacks that way, but the costs remain the same.
The Bitcoin forums have extensive discussions on appropriate cards and many of the dedicated miners use purpose-built multi-GPU rigs.

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