Author

Topic: Help a noob with his newbie questions (Read 830 times)

newbie
Activity: 14
Merit: 0
October 15, 2012, 08:06:49 AM
#5
Hi guys,

Thanks for the responses. Taking that all into consideration I thought I'd try my hand litecoin mining since from what I've read it's where the bitcoin gpu miners will head anyway.

My setup went pretty smoothly and I've now got my first dedicated mining rig up and running with cgminer  Grin
So far I've only got one question to add to my list and that is if anyone would know why cgminer would report a different Kh/s rate to a pools website?

Currently my 5850 is reporting about 300Kh/s by cgminer. However on pool-x.eu it only shows a rate of 100kh/s.

What gives?

Thanks again everybody that responded.
legendary
Activity: 2506
Merit: 1010
October 11, 2012, 11:35:19 AM
#4
The main reason for me getting into mining is to try and make a small profit from my unused hardware now that I'm not paying for electricity in my new duplex.

Those cards might do maybe, combined, 0.85 Ghash/s.  If you plugged them in today and difficulty were to stay the same, you'ld get about 14 bitcoins between now and "halving day" (occurs at block 210,000 -- less than 50 days away).   That's worth about $150 (using today's exchange rate).   The electricity consumed to get that is probably close to $100 worth, if you were to pay anywhere near normal residential rates (e.g., $0.12 per kWh).  You'll probably be putting in more than ten hours of work for this though.

After halving day, assuming difficulty stays the same (it won't once ASICs ship) and the exchange rate stays the same (it likely won't, but nobody knows which direction), that set of hardware will earn about $45 per month.

If you were paying directly for the electricity, that would burn about $60 worth of electricity.

And that is why people are not recommending you start mining with GPUs today, because it will be cheaper to get bitcoins by powering down your GPUs and using the money you would pay to the electric company to instead buy BTCs with cash at 7-11.   In your case, your landlord is subsidizing your hobby and you get to keep the $45 worth of bitcoins.
newbie
Activity: 28
Merit: 0
October 11, 2012, 11:13:56 AM
#3
getting in to GPU mining right now is no good.

the new asic come up and kill the gpu miners soon.

better sell youre cards now
hero member
Activity: 792
Merit: 1000
Bite me
October 11, 2012, 10:23:33 AM
#2
1) yes - no problem [well apart from power and sockets] YMMV
2) no - YMMV
3) dunno - use poclbm ....
newbie
Activity: 14
Merit: 0
October 11, 2012, 09:52:56 AM
#1
Hi guys,

My name is Lawrence and I'm a noob with questions. Any answers, advice and help will all be very much appreciated as I'd really like to get into mining.
The main reason for me getting into mining is to try and make a small profit from my unused hardware now that I'm not paying for electricity in my new duplex. Other than that I thought it couldn't hurt to keep myself busy with a little project and my girlfriend will certainly prefer that all my bits and bobs get cleaned up and installed into a rig or thrown away Smiley

Ok so,
Question 1:
Can I use different ATI cards on the same desktop machine? I have a 4890 and 3x 5850s but my spare mobos only have at max 2 pci-e x16 slots. So can I mix up one mobo and have a 4890 run along side a 5850?

Question 2
If I run these cards at stock speeds in chassis with reasonable air flow in a cool room am I at risk of them overheating and dying if they're left on 24/7?

and finally

Question 3
I've seen posts about issues with the latest version of CGminer giving poor performance, should I use an older version?

Thanks,

LawrenceZA
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