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Topic: From nothing to something (Read 4743 times)

full member
Activity: 210
Merit: 100
Not for hire.
October 26, 2012, 01:03:39 PM
#28
LOL anyone who is looking to sell their cards cheap pm me, seriously.  5770 is my favorite video card. 
sr. member
Activity: 336
Merit: 250
October 20, 2012, 11:51:55 AM
#27
Geeks.com, they rarely have any openCl capable Radeon's but they had those then, it's worth keeping an eye on.

EDIT: looks like they have 5750's for $64.99 right now  http://www.geeks.com/details.asp?invtid=HD5750-PCIE-1024-PB&cat=VCD
price is coming down. onlly 59.99 now

You know the resale on these is going to be virtually nil once asics hit, right? 

M
Right, because we all know there's no market for graphics cards outside mining  Wink

For cards that are two generations old when thousands of miners are trying to get rid of them? 

Probably not...

M

I'm glad my 7970 will still be a very good value when I am done mining with it.



Don't sell your card before you see the ASIC's because it could be a SCAM too.
sr. member
Activity: 373
Merit: 250
October 06, 2012, 01:18:27 PM
#26
Geeks.com, they rarely have any openCl capable Radeon's but they had those then, it's worth keeping an eye on.

EDIT: looks like they have 5750's for $64.99 right now  http://www.geeks.com/details.asp?invtid=HD5750-PCIE-1024-PB&cat=VCD
price is coming down. onlly 59.99 now

You know the resale on these is going to be virtually nil once asics hit, right? 

M
Right, because we all know there's no market for graphics cards outside mining  Wink

For cards that are two generations old when thousands of miners are trying to get rid of them? 

Probably not...

M

I'm glad my 7970 will still be a very good value when I am done mining with it.

Not so sure about a 5850 however.
legendary
Activity: 1540
Merit: 1001
October 02, 2012, 07:50:20 PM
#25
Geeks.com, they rarely have any openCl capable Radeon's but they had those then, it's worth keeping an eye on.

EDIT: looks like they have 5750's for $64.99 right now  http://www.geeks.com/details.asp?invtid=HD5750-PCIE-1024-PB&cat=VCD
price is coming down. onlly 59.99 now

You know the resale on these is going to be virtually nil once asics hit, right? 

M
Right, because we all know there's no market for graphics cards outside mining  Wink

For cards that are two generations old when thousands of miners are trying to get rid of them? 

Probably not...

M
hero member
Activity: 686
Merit: 500
Wat
October 02, 2012, 07:31:35 PM
#24
Mining is not a get rich quick scheme

If it isn't you're doing it wrong.

Show me any other investment where you can forecast 100-140% return in your first year.

Just buy bitcoins ?
sr. member
Activity: 336
Merit: 250
October 02, 2012, 07:25:18 PM
#23
Geeks.com, they rarely have any openCl capable Radeon's but they had those then, it's worth keeping an eye on.

EDIT: looks like they have 5750's for $64.99 right now  http://www.geeks.com/details.asp?invtid=HD5750-PCIE-1024-PB&cat=VCD
price is coming down. onlly 59.99 now

You know the resale on these is going to be virtually nil once asics hit, right? 

M
Right, because we all know there's no market for graphics cards outside mining  Wink
legendary
Activity: 1540
Merit: 1001
October 02, 2012, 07:11:11 PM
#22
Geeks.com, they rarely have any openCl capable Radeon's but they had those then, it's worth keeping an eye on.

EDIT: looks like they have 5750's for $64.99 right now  http://www.geeks.com/details.asp?invtid=HD5750-PCIE-1024-PB&cat=VCD
price is coming down. onlly 59.99 now

You know the resale on these is going to be virtually nil once asics hit, right? 

M
full member
Activity: 183
Merit: 100
September 20, 2012, 11:42:52 AM
#21
Geeks.com, they rarely have any openCl capable Radeon's but they had those then, it's worth keeping an eye on.

EDIT: looks like they have 5750's for $64.99 right now  http://www.geeks.com/details.asp?invtid=HD5750-PCIE-1024-PB&cat=VCD
price is coming down. onlly 59.99 now
sr. member
Activity: 420
Merit: 250
September 20, 2012, 11:33:19 AM
#20
Mining is not a get rich quick scheme

If it isn't you're doing it wrong.

Show me any other investment where you can forecast 100-140% return in your first year.
sr. member
Activity: 285
Merit: 250
September 16, 2012, 01:57:33 PM
#19
People who start mining and ask about their 28Mh/s setup make me laugh..
Solution = quit mining with your usless hardware UNLESS you are learning and then LEARN TO SEARCH first
legendary
Activity: 980
Merit: 1000
September 04, 2012, 05:57:47 PM
#18
maybe i am confused but you can get a 5830 on ebay for about 60 bucks if you are patient and keep putting
in lower bids up to that level....
which is very true, last year tho 5830's were going for a good bit more, plus I wasn't ready to dive head first into Bitcoin so the 5750's were a safe bet because if this "online money thing" (as I looked at it back then) didn't pan out I could at least crossfire my 2 5750's and have decent video on my desktop.
legendary
Activity: 2072
Merit: 1001
September 04, 2012, 01:16:21 PM
#17
maybe i am confused but you can get a 5830 on ebay for about 60 bucks if you are patient and keep putting
in lower bids up to that level....
legendary
Activity: 980
Merit: 1000
September 04, 2012, 11:15:19 AM
#16
I got started buying 2 refurbished 5750's for $65/ea about a year ago. Used my coins to purchase 3 mobo's, 8 5830's, riser cables, molex to 6pin cables and a power supply. Even traded some BTC for Amazon GC's to purchase my Antec TPQ 1200 PSU. Not bad off a $130 investment.

Where in Gaben's great shadow did you find 5750's for $65?? Even refurbished??
Geeks.com, they rarely have any openCl capable Radeon's but they had those then, it's worth keeping an eye on.

EDIT: looks like they have 5750's for $64.99 right now  http://www.geeks.com/details.asp?invtid=HD5750-PCIE-1024-PB&cat=VCD
member
Activity: 94
Merit: 10
September 04, 2012, 10:53:07 AM
#15
I got started buying 2 refurbished 5750's for $65/ea about a year ago. Used my coins to purchase 3 mobo's, 8 5830's, riser cables, molex to 6pin cables and a power supply. Even traded some BTC for Amazon GC's to purchase my Antec TPQ 1200 PSU. Not bad off a $130 investment.

Where in Gaben's great shadow did you find 5750's for $65?? Even refurbished??
donator
Activity: 162
Merit: 100
September 02, 2012, 07:25:18 AM
#14
Hey guys, I was just wondering how many of you successful people got your start.  I other words, how could one go from hashing one bitcoin in 3 months at a rate of 28 Mhash/sec to running multiple rigs in the Ghash/sec range using only bitcoin?
As it is, I've found it to be a waste to try hashing bitcoin at that rate since I only get maybe .01 BTC every 3 days or so if I'm lucky, so I've been using my hardware for BOINC to help with scientific and medical research.
I'm open to suggestions if you've got 'em.  I'm on a low budget so I can't really be spending any money on equipment other than what I generate; so I'm looking for ways to make BTC.  I've taken to selling items for BTC, but it's slow going.

Can anyone offer any advice?
And what are the chances of me hitting a block with that small of a rate?


Assuming current difficulty would stay the same, your average time to find a block would be a little under 12 years.

You might want to look into a litecoin mining pool. I understand the profitability is around that of bitcoin mining or maybe a little better but I haven't run the numbers in the past week or two. There are a few exchanges you could trade your litecoins to bitcoins or just hold on to them.

But like the others are saying, I got started with mining by spending some money to invest in a pair of 6950s. Bitcoin didn't pay for them initially, but they have paid for themselves. I don't think mining casually is a great way to make lots of money. I don't count on my mining income for anything, because it seems to me as more and more specific hardware comes out (FPGAs and ASICs) it is becoming profitable only with a strong business plan and a strong understanding of the technology market.
member
Activity: 118
Merit: 10
Nobody accepts bitcoin on the moon.
September 02, 2012, 06:28:35 AM
#13
Take your BTC1 and use one of the referral links in my sig to join Pyramining.  You will start to earn 10+% on that investment immediately.  Then start recruiting others to join under you and increase your earnings!
legendary
Activity: 2072
Merit: 1001
August 27, 2012, 05:40:27 PM
#12
Mining is not a get rich quick scheme

Seems to be close to it tho if you have very low power costs and seed money for hardware. The roi is fantastic over last year and a half.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
August 27, 2012, 03:48:05 PM
#11
Mining is not a get rich quick scheme
legendary
Activity: 980
Merit: 1000
August 24, 2012, 07:38:52 PM
#10
I got started buying 2 refurbished 5750's for $65/ea about a year ago. Used my coins to purchase 3 mobo's, 8 5830's, riser cables, molex to 6pin cables and a power supply. Even traded some BTC for Amazon GC's to purchase my Antec TPQ 1200 PSU. Not bad off a $130 investment.
sr. member
Activity: 336
Merit: 250
August 22, 2012, 07:54:00 PM
#9
I did something like this, but I started properly mining with a single 6950 towards the end of May last year.
Actually spent the majority of my BTC on other things, but I've still got ~2.2Ghash/s worth of equipment mining (3 7970s in my main PC and a 5830 in the media centre PC under my TV  Cheesy) through a hopping proxy, which still gives me a not insubstantial BTC income. I'd have picked up some more hardware with what I've mined over the past few months but with the uncertainty surrounding ASIC introduction I've stayed away from that.
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