How to make money with the PC while away?

[Benfica]

I figured out how to make extra money leaving the PC running, while away. However I'm not comfortable yet with the methods I know. Either it's the risk of overheating the graphics card, running unknown software on the PC or ridiculous gains not worth the CPU stress, bandwidth or power usage.

So, what do you guys know about this topic?

 

[Jackal]

 

[Gir]

 

[Firefly]

Bitcoin farming? Not worth it.

 

[[GU]elmur_fud]

If bitcoin farming was a financially viable means of making money there would be businesses that did nothing but farm them.

 

[Big-Al]

I figured out how to make extra money leaving the PC running

care to share how?

 

[Firefly]

Some people take Bitcoin farming seriously. You can buy dedicated hardware.
[M]http://youtu.be/eLt8Se3vVNg[/M]


Bitcoin farming hardware.

 

[Firefly]

how about a 500Ghs bitcoin miner?
Check the price.

 

[Benfica]

Yeah, but you can mine with your ATI graphics card and there are smaller 5 Gh/s miners at $275. Then there are the alternative litecoins that are somewhat profitable and may raise in value (I've learned this yesterday).

care to share how?

Sure.

There are 3 methods that I know: 1) "mining" virtual currencies; 2) rent your idle PC power; 3) run a program that generates traffic to websites

1) To use these currencies, bitcoin, litecoin and others, one downloads a wallet manager and can pay services and receive money using those currencies. It is also possible to trade those bitcoins into $US or € at an exchange, for a fee.

In order to strengthen the security of transactions, it is important that a sequence of calculations consolidates and makes them irreversible or at least exponentially more dificult to reverse. That's where "miners" come in. A miner has tipically at least an ATI graphics card (or dedicated hardware like above) that does those operations very quickly. When the calculation reaches particular low values, the miner gets compensated with a number of bitcoins or litecoins. This is by design to ensure that the currency as a whole lives on.

Since it's so hard to hit those limited values, most miners join "pools" where the combined computing power of lots individuals work in order to get the "free" bitcoins. When the pools does so, the payout is distributed to it's members proportionally to the computing speed.

Here are some links:

Bitcoin:
http://bitcoin.org/en/
https://en.wikipedia.org/wiki/Bitcoin
https://en.bitcoin.it/wiki/Mining_hardware_comparison

Litecoin:

https://litecoin.org/
http://litecoin.info/Mining_Hardware_Comparison

For example, I have an ATI Radeon 7870 and I can mine bitecoin-SHA2 at 480 Mh/s and litecoin-scrypt at 370 Kh/s. If you have an ATI 7970, you can mine at 600+ on either. Using a calculator:

http://www.alloscomp.com/bitcoin/calculator At 480 Mh/s I get $20/month (LOL) if I leave the card 24/7, overclocked and with the voltage regulators at 90ºC. It would be dead in a few months. However with a 5Gh/s Butterfly Labs Japaleno ASIC miner, costing $275, one can currently mine $200 worth of bitcoins / month.

https://www.litecoinpool.org/calc?hashrate=370&difficulty=821.92548534 At 370 Ks/s I get $36/month, however with the GPU underclocked and at lower voltage (litecoin/scrypt is RAM intensive instead)




2) This second method is a combination of concepts from Folding@Home and similar projects, and cloud computing. Some guys are “building” a supercomputer in a distributed fashion by using people's idle power. You register at the website, download a software that manages and encapsulates the work that is to run on the computer, validate your account with an SMS from your phone, set up a payout account, leave the program running and get paid $1/day during a 30 day trial. You later buy “threads” at $50 each that last 1 year from which you get 12 x $30. Now, this is where is start to scream “$50? SCAM!!!”. Where do you need to pay to work??? However, getting the free trial and the $30 is easy. Then with time, I'll see if I can trust the system and reinvest the $30 into a thread.

My affiliate link is: http://coingeneration.com/auth/new/204092/ . If you register here, they pay me 20% of what you earn. I'll help my affiliates as needed and give them back part of this extra cash, some also to BuF. If you want a direct link: http://coingeneration.com. Better yet, if BuF admins register, perhaps we could go through those affiliate links and provide direct support for BuF, the admins and their work. It's up to you.

There is a 2nd provider of the same concept that will start soon: www.ipuservices.com that pays up to $2/day depending on your computer power. They also don't try to change you $50 per “thread” - they pay you, or so they say.

Edit: 3rd http://www.cpusage.com/partners/


3) If you go to www.anhits.com, they have there an “autosurf” program. That simulates an user visiting websites, generating traffic. They have a point system, and unless I didn't get it, the payout is ridiculously low. Perhaps there are similar, but better programs elsewhere.

 

[dr.flay]

The problem with making money out of nothing, is that as it does not represent an actual tangible resource (like Oil, Gold, minerals, food etc.), so eventually it is unsustainable.

Making money (in any form) for an actual product or service, is more sensible in the long run, but people get very short-sighted when it comes to money.

Money is a token for the value of something else, because we no longer issue the silver and gold as coins.
It represents the national wealth. It represents it's marketable resources.
If the bank crashes and you still have food and resources, hooray, you survive to re-build.

If you pull the power or crash the bank of virtual money, made from virtual transactions, based on virtual product, you are virtually screwed.
What would happen if everyones balance said "0.00" when it came back on-line ?

People who make or trade in real stuff, can take-stock of the situation and carry on.
People who trade in made-up stuff, will "re-spawn" with nothing and have to build everything back up. (hehe sounds familiar)

Granted, I present the extreme here, but a few short years ago, who would have thought all these massive banks and financial institutions would go down the toilet.

The more the planet moves into trading in stuff that does not exist, the easier it will be for a bank to die.
People are too keen to "count their virtual chickens before they hatch".
In the real world you can still be guilty of "counting your chickens before they hatch", but in the real world, you can just decide "what the hell, I will eat the damn eggs".

Ultimately it is a philosophical issue you have to decide for yourself.
Do you get rich in the short-term, knowing that it is not sustainable.
Or find a way to make your-self personally valuable to those who would give you the things you need to feed, clothe, and give you shelter for the rest of your productive/working life ?

 

[zynthetic]

Outsource your job. Setup desktop so "employees" can piggyback on vpn to work pc.

 

[Jackal]

Don't forget to check your power bill after you've made all that glorious money!, then hope that the fantastic market doesn't crash or your bitcoin wallet gets hacked.

lol

 

[cryptophreak]

People who make or trade in real stuff, can take-stock of the situation and carry on.
People who trade in made-up stuff, will "re-spawn" with nothing and have to build everything back up. (hehe sounds familiar)

This is both true and an oversimplification. If you play in speculation but convert your winnings into tangible value, e.g. land, you theoretically win. Until a government or other organized crime syndicate takes it from you, that is.

 

[theabyss]

Only $200 a month for so much trouble? Jeez, you could make the same amount with window-washing in two hours.

 

[DRT-Maverick]

You could bitcoin, but beware, bitcoin is going to crash and be decimated once the government finishes up its' #2 goal of bringing down the silk road, now that they've crushed half of TOR on grounds of 'child pornography', or some farce like that, some excuse to take down freedom networks and smear the reputation of decent people.

 

[OO7MIKE]

I did a bunch of research into this a while back. It works best on ATI hardware or dedicated hardware. Since my research they have split the rewards so much that it isnt worth doing. Meaning that the power you use to mine your bit coins cost more than the reward you get from bit coin mining.

There are some exceptions though. If your power is ultra cheap or you don't have to pay for power then you are likely to make more $$.

In all honesty I walked away because its too difficult to come out ahead. $200 extra a month is shit especially because in just a few months they will split it again which means it will be $100 and then $50 soon after that. The investment require to keep up is too much to bother.

Bit coin mining used to be much more profitable a few years back but that has changed.

Best wishes

 

[Carbon]

I figured out how to make extra money leaving the PC running, while away. However I'm not comfortable yet with the methods I know.
So, what do you guys know about this topic?

Nothing. I know all I need and make good money while away from my computer.

I go to work.

The OP reads like the spam that never gets to my inbox. Hard times when a troll post gets this many replies.

Unreal indeed.

 

[Benfica]

Only $200 a month for so much trouble?

No, that's $200 per unit ( 5Gh/s). Who buys more units or more powerful ones, get more out of them.

I did a bunch of research into this a while back. It works best on ATI hardware or dedicated hardware. Since my research they have split the rewards so much that it isnt worth doing. Meaning that the power you use to mine your bit coins cost more than the reward you get from bit coin mining.

Actually the only reason why I'm into bitcoin mining with the GPU is to experiment. It is not power efficient with graphics cards, however I get a few mili-Bitcoins and learn the sequence of operations to turn them into real cash. If it turns out ok, I'll MAYBE order one 5 Gh/s unit. Then perhaps another, but always calculating the risks.

Nothing. I know all I need and make good money while away from my computer.

I go to work.

Well, I also go to work. That's why I asked about methods that work leaving the PC unnatended.

Developing custom software at an insurance company. I actually make good money too, but that does not mean I like my job.

 

[HugoMarques]

^^ Last sentence: No one cares.

On topic: Bitcoin is dying, stay away. Nuff said.

 

[Zur]

Put a female relative on the webcam ?