Best Mining Rig? | Bitcointalksearch.org

empoweoqwj

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Quote from: AmericanBit on January 07, 2014, 09:58:36 AM

Quote from: empoweoqwj on January 07, 2014, 09:49:40 AM

Quote from: ArpFlush on January 07, 2014, 09:40:47 AM

Quote from: empoweoqwj on January 07, 2014, 09:29:11 AM

Quote from: ArpFlush on January 07, 2014, 06:33:35 AM

Hm, I'm looking at a Litecoin rig on eBay. It consumes 900 Watts for 2.2 MH so at the end of the month there's hardly any profit left after paying my electricity bill Huh

Don't look on eBay

Their price is not too bad IMHO. If I buy the parts myself I get the same price.

All miners sell on eBay for profit. It's just a sad fact. They regard eBay buyers as idiots. If you buy from eBay you are virtually guaranteed to never make a profit from mining.

No one regards ebay buyers as idiots. It takes time and know how to build those rigs. Thats like saying car makers think all of their customers are idiots for not being able to build their own cars. Im pretty sure its a little early to make calls like that. I bought a litecoin mining rig in april for about 1300 and I mined about 400 litecoins with it, and its still going for other scrypt coins. With the price of litecoins at 40 dollars at one point, that was about 16k...so I dont know how youre doing your math. More coins are made everyday and anoncoin seems to be the most profitable scrypt right now.

I know lots of miners that dump their mining equipment after a few months on eBay for more than they paid for it, knowing full well the rig will make a loss, and people only buy on eBay because they have no idea how to do ROI calculations.

AmericanBit

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Quote from: empoweoqwj on January 07, 2014, 09:49:40 AM

Quote from: ArpFlush on January 07, 2014, 09:40:47 AM

Quote from: empoweoqwj on January 07, 2014, 09:29:11 AM

Quote from: ArpFlush on January 07, 2014, 06:33:35 AM

Hm, I'm looking at a Litecoin rig on eBay. It consumes 900 Watts for 2.2 MH so at the end of the month there's hardly any profit left after paying my electricity bill Huh

Don't look on eBay

Their price is not too bad IMHO. If I buy the parts myself I get the same price.

All miners sell on eBay for profit. It's just a sad fact. They regard eBay buyers as idiots. If you buy from eBay you are virtually guaranteed to never make a profit from mining.

No one regards ebay buyers as idiots. It takes time and know how to build those rigs. Thats like saying car makers think all of their customers are idiots for not being able to build their own cars. Im pretty sure its a little early to make calls like that. I bought a litecoin mining rig in april for about 1300 and I mined about 400 litecoins with it, and its still going for other scrypt coins. With the price of litecoins at 40 dollars at one point, that was about 16k...so I dont know how youre doing your math. More coins are made everyday and anoncoin seems to be the most profitable scrypt right now.

empoweoqwj

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Activity: 518

Merit: 500

Quote from: ArpFlush on January 07, 2014, 09:40:47 AM

Quote from: empoweoqwj on January 07, 2014, 09:29:11 AM

Quote from: ArpFlush on January 07, 2014, 06:33:35 AM

Hm, I'm looking at a Litecoin rig on eBay. It consumes 900 Watts for 2.2 MH so at the end of the month there's hardly any profit left after paying my electricity bill Huh

Don't look on eBay

Their price is not too bad IMHO. If I buy the parts myself I get the same price.

All miners sell on eBay for profit. It's just a sad fact. They regard eBay buyers as idiots. If you buy from eBay you are virtually guaranteed to never make a profit from mining.

ArpFlush

hero member

Activity: 623

Merit: 501

Quote from: empoweoqwj on January 07, 2014, 09:29:11 AM

Quote from: ArpFlush on January 07, 2014, 06:33:35 AM

Hm, I'm looking at a Litecoin rig on eBay. It consumes 900 Watts for 2.2 MH so at the end of the month there's hardly any profit left after paying my electricity bill Huh

Don't look on eBay

Their price is not too bad IMHO. If I buy the parts myself I get the same price.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: ArpFlush on January 07, 2014, 06:33:35 AM

Hm, I'm looking at a Litecoin rig on eBay. It consumes 900 Watts for 2.2 MH so at the end of the month there's hardly any profit left after paying my electricity bill Huh

Don't look on eBay

AmericanBit

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Activity: 630

Merit: 250

Quote from: ArpFlush on January 07, 2014, 06:33:35 AM

Hm, I'm looking at a Litecoin rig on eBay. It consumes 900 Watts for 2.2 MH so at the end of the month there's hardly any profit left after paying my electricity bill Huh

litecoin rigs arent just for litecoins

jimmothy

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Quote from: ArpFlush on January 07, 2014, 06:33:35 AM

Hm, I'm looking at a Litecoin rig on eBay. It consumes 900 Watts for 2.2 MH so at the end of the month there's hardly any profit left after paying my electricity bill Huh

How much do you pay for electricity??

ArpFlush

hero member

Activity: 623

Merit: 501

Hm, I'm looking at a Litecoin rig on eBay. It consumes 900 Watts for 2.2 MH so at the end of the month there's hardly any profit left after paying my electricity bill Huh

CaptainBeck

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Quote from: jimmothy on January 05, 2014, 09:59:40 PM

Quote from: empoweoqwj on January 05, 2014, 09:48:06 PM

The graphic card manufacturers must love crypto

wonder how much sales have increased because of mining?

Must be a lot if the price is $100 more than 1 year ago..

I think it has something to do with the fact that this is the first time in history where it is acceptable for someone to have 200 gpus running in their garage.

Hmmm I still dont think society probably finds it acceptable to spend money and time on something they can see.... good thing society can go do one while we make bank.

empoweoqwj

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Activity: 518

Merit: 500

Quote from: jimmothy on January 05, 2014, 09:59:40 PM

Quote from: empoweoqwj on January 05, 2014, 09:48:06 PM

The graphic card manufacturers must love crypto

wonder how much sales have increased because of mining?

Must be a lot if the price is $100 more than 1 year ago..

I think it has something to do with the fact that this is the first time in history where it is acceptable for someone to have 200 gpus running in their garage.

Yeah, the price increase is very telling ......

And with more and more altcoins coming online .... time to start a graphic card biz

jimmothy

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Activity: 770

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Quote from: empoweoqwj on January 05, 2014, 09:48:06 PM

The graphic card manufacturers must love crypto

wonder how much sales have increased because of mining?

Must be a lot if the price is $100 more than 1 year ago..

I think it has something to do with the fact that this is the first time in history where it is acceptable for someone to have 200 gpus running in their garage.

empoweoqwj

hero member

Activity: 518

Merit: 500

The graphic card manufacturers must love crypto

wonder how much sales have increased because of mining?

repairguy

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Activity: 252

Merit: 250

You can buy prebuild rigs on ebay, I sell them (among others). I also provide (reasonably priced) hosting, if you don't want that loud heater in your house.

If you have some skill you can build it yourself. Gpus are increasing in price and decreasing in availability.

79xx cards are powerhouses, but can also be finicky as hell.

69xx cards are not as fast as the 79xx series but they are solid.

r9 series cards are the cats meow, but are very difficult to come by and price per khs is outrageous compared to the 79xx or 69xx series.

If you do decide you want to btc mine the antminer is really solid. The price isn't terrible and you can have it in your hands in less than a week.

AmericanBit

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Activity: 630

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Quote from: SomeoneInNeed on January 05, 2014, 02:58:12 AM

Quote from: AmericanBit on January 04, 2014, 06:00:05 PM

First off dont buy shit from BFL, that dude had 1 good experience, but now hes getting a taste of what the rest of us went thru. I cant say KNC anymore and the rest probably suck. So yeah, i would go with the scrypt miners...mine alt coins and exchange them for btc. You can make a killing if you guess the right coin to mine. That coinye west is gay as shit, but it will probably be worth something in the short term if dogecrapcoin can be

This was helpful, and I did a lot of thinking about it. I think I'll go with mining LTC? What do you suggest?

Well thats the catch too...people are realizing the cheap money is in scrypt mining so all of the good grafix cards you need are on backorder because they are all manufactured in CHina, so they get first dibs. Is a little late to come into the game and find something now. If you can build your own rig great. Put in some orders for those raedon 7970s or something compatible. Or hit up ebay and i think people sell prebuilt scrypt rigs for a decent price, but try and talk them down.

AmericanBit

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Activity: 630

Merit: 250

Quote from: empoweoqwj on January 05, 2014, 06:11:06 AM

Quote from: MegaHashing on January 05, 2014, 03:19:55 AM

I've been mining LTC for a while using a PC with a couple of AMD 7970 graphics cards in it. Start here for a good comparison of what you can get for your money.

https://litecoin.info/Mining_hardware_comparison

Keep in mind that you'll be working the cards hard, so they will put out a lot of heat and noise so you will need somewhere cool and out of the way to run your mining rig. Also consider the cost of your power, you don't want to spend $6K on a mining rig only to find you can't afford to run it and the air conditioner you need to keep it cool

The other option if you are willing to wait a bit and take a chance would be to pre-order a next generation ASIC Scrypt miner. These promise to run faster and cheaper than anything currently available, but nothing has come to market yet so your taking a chance by paying now and hoping they can deliver. Alpha Technology announced pre-orders for the first such ASIC script miner a few days ago...

http://www.coindesk.com/alpha-technology-pre-orders-litecoin-asic-miners/

Those ASICs aren't even being delivered until 2nd half of 2014 are they? Way too far in the distance to even think of pre-ordering, you have to put down 30% deposit I think.

I ordered the 25 MH...that beast will probably be pulling in 2 or 3 litecoins a day even after another 6 months. And not to mention all of the other coins that will be coming out in the future. Im sure there were a few people that thought that way when Avalon announced they were taking pre orders, and avalon made a lot of the people who took the gamble millionaires. No risk, no reward... They offer refunds too

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: MegaHashing on January 05, 2014, 03:19:55 AM

I've been mining LTC for a while using a PC with a couple of AMD 7970 graphics cards in it. Start here for a good comparison of what you can get for your money.

https://litecoin.info/Mining_hardware_comparison

Keep in mind that you'll be working the cards hard, so they will put out a lot of heat and noise so you will need somewhere cool and out of the way to run your mining rig. Also consider the cost of your power, you don't want to spend $6K on a mining rig only to find you can't afford to run it and the air conditioner you need to keep it cool

The other option if you are willing to wait a bit and take a chance would be to pre-order a next generation ASIC Scrypt miner. These promise to run faster and cheaper than anything currently available, but nothing has come to market yet so your taking a chance by paying now and hoping they can deliver. Alpha Technology announced pre-orders for the first such ASIC script miner a few days ago...

http://www.coindesk.com/alpha-technology-pre-orders-litecoin-asic-miners/

Those ASICs aren't even being delivered until 2nd half of 2014 are they? Way too far in the distance to even think of pre-ordering, you have to put down 30% deposit I think.

MegaHashing

newbie

Activity: 8

Merit: 0

I've been mining LTC for a while using a PC with a couple of AMD 7970 graphics cards in it. Start here for a good comparison of what you can get for your money.

https://litecoin.info/Mining_hardware_comparison

Keep in mind that you'll be working the cards hard, so they will put out a lot of heat and noise so you will need somewhere cool and out of the way to run your mining rig. Also consider the cost of your power, you don't want to spend $6K on a mining rig only to find you can't afford to run it and the air conditioner you need to keep it cool

The other option if you are willing to wait a bit and take a chance would be to pre-order a next generation ASIC Scrypt miner. These promise to run faster and cheaper than anything currently available, but nothing has come to market yet so your taking a chance by paying now and hoping they can deliver. Alpha Technology announced pre-orders for the first such ASIC script miner a few days ago...

http://www.coindesk.com/alpha-technology-pre-orders-litecoin-asic-miners/

SomeoneInNeed

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Quote from: AmericanBit on January 04, 2014, 06:00:05 PM

First off dont buy shit from BFL, that dude had 1 good experience, but now hes getting a taste of what the rest of us went thru. I cant say KNC anymore and the rest probably suck. So yeah, i would go with the scrypt miners...mine alt coins and exchange them for btc. You can make a killing if you guess the right coin to mine. That coinye west is gay as shit, but it will probably be worth something in the short term if dogecrapcoin can be

This was helpful, and I did a lot of thinking about it. I think I'll go with mining LTC? What do you suggest?

lordcameltoe

newbie

Activity: 17

Merit: 0

Quote from: AmericanBit on January 05, 2014, 12:18:33 AM

Quote from: lordcameltoe on January 04, 2014, 07:06:29 PM

Quote from: AmericanBit on January 04, 2014, 06:52:55 PM

thats probably, nay, that is his referral link. So he benefits from you buying from them. But with a name like lordecameltoe, i think hes to be trusted...jk. Its an option, but i dont like it.

Yeah there's no secret, that is my referral link. I'm not trying to sell him anything, simply offering him alternative solutions to his question. If it helps him, then I'll get a small reward in return for my time.

Here's the direct link if you don't want to sign up under me : Cex.io

And my name is meant to be weird. Its so you remember me

Lordcameltoe.com. It's branding 101.

Its branding 101 for retards, no offense. You really think anyone will take you seriously with a name like that? Hey, I heard bitcoin is going to take a dip. Where did you hear that? Lord Cameltoe! Embarrassing, i would never go to a site called cameltoe anything...sounds like some HS kids domain. Reminds me of that beer startup on bitcoin starter, "The Department of Awesome. My god... This is money we are talking about here. But good luck

Don't worry about me, if you knew what I did full time for a living you would understand Wink

There is always going to be nay-sayers and haters. It's part of the game.

AmericanBit

sr. member

Activity: 630

Merit: 250

Quote from: lordcameltoe on January 04, 2014, 07:06:29 PM

Quote from: AmericanBit on January 04, 2014, 06:52:55 PM

thats probably, nay, that is his referral link. So he benefits from you buying from them. But with a name like lordecameltoe, i think hes to be trusted...jk. Its an option, but i dont like it.

Yeah there's no secret, that is my referral link. I'm not trying to sell him anything, simply offering him alternative solutions to his question. If it helps him, then I'll get a small reward in return for my time.

Here's the direct link if you don't want to sign up under me : Cex.io

And my name is meant to be weird. Its so you remember me

Lordcameltoe.com. It's branding 101.

Its branding 101 for retards, no offense. You really think anyone will take you seriously with a name like that? Hey, I heard bitcoin is going to take a dip. Where did you hear that? Lord Cameltoe! Embarrassing, i would never go to a site called cameltoe anything...sounds like some HS kids domain. Reminds me of that beer startup on bitcoin starter, "The Department of Awesome. My god... This is money we are talking about here. But good luck

Topic: Best Mining Rig? (Read 2845 times)