I’ve been playing with a bitcoin miner for about two weeks now. I have generated about 0.70 BTC using my laptop’s ATI graphics card.
Is BitCoin a scam? Perhaps. But it doesn’t bother me because I am in no way going to put any of my own money into buying bitcoin. I will, however, put my computing power into generation of blocks using a pooled, gpu-accelerated mining technique. I’m treating bitcoin as a game.
This way, if it is a scam, I don’t lose any money. If it isn’t a scam, I can probably make some sort of profit from the system.
Mining is easy, you just get a program and set some arguments to make it work properly. I prefer the Poclbm-mod miner. It’s a GPU accelerated miner that gets work data from a mining pool server. Why pooled mining? Because then I have to do less work to attempt to get some denomination of bitcoins.
I connect to the Eligius mining pool on the US server.
Poclbm-mod GPU miner connected to Eligius-US pooled mining server.