user13732: So, I would like to get started in mining BTC and live in Britain south of Cambridge. I have a custom machine running an OC 7870, intel i5 etcetera. Would it be pointless mining with this hardware as I only get about 380 m/hash and is this too low in comparison to electricity bills. What's an Asic Miner and is it worth buying one of the £40 1.6 GH/s ones. Will this be too expensive in comparison to my electricity and how much could I make off of this in a month   including the price of the electricity?

user13734: Yes, GPU is out of the question for Bitcoin.  Although, you could mine Scrypt Alt-coins with it, like Litecoin and Dogecoin.  As far as your ASIC is concerned, you can input your numbers in the Profit calculator at http://mining.thegenesisblock.com and see what you come up with...

13732: <p>So, I would like to get started in mining BTC and live in Britain south of Cambridge. I have a custom machine running an OC 7870, intel i5 etcetera. Would it be pointless mining with this hardware as I only get about 380 m/hash and is this too low in comparison to electricity bills. What's an Asic Miner and is it worth buying one of the £40 1.6 GH/s ones. Will this be too expensive in comparison to my electricity and how much could I make off of this in a month   including the price of the electricity?</p>
 13734: <p>Yes, GPU is out of the question for Bitcoin.  Although, you could mine Scrypt Alt-coins with it, like Litecoin and Dogecoin.  As far as your ASIC is concerned, you can input your numbers in the Profit calculator at <a href="http://mining.thegenesisblock.com" rel="nofollow">http://mining.thegenesisblock.com</a> and see what you come up with...</p>
