Help me build a Rig :) What should i buy ?

ranochigo

legendary

Activity: 3038

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Quote from: Rapido on June 17, 2014, 11:35:06 PM

You could mine litcoins. they're the silver to bitcoin's gold Cheesy

i think gpu mining in litecoins is still relevant. but you need to invest a lot of money.

IMO AMD has better cards than NVIDIA for mining.

ASICs are being rapidly developed for Scrypt, GPU mining may not be profitable any longer. If you want to try out, you can buy some Litecoin ASICs and test it out, however, you might be not going to make ROI.

Rapido

newbie

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You could mine litcoins. they're the silver to bitcoin's gold Cheesy

i think gpu mining in litecoins is still relevant. but you need to invest a lot of money.

IMO AMD has better cards than NVIDIA for mining.

ranochigo

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Quote from: Sakarias on June 12, 2014, 03:58:04 PM

Hello! so me and my 2 brothers and a friend are going to put our computers together and but tons of bitcoin mining Equipment!
now, we're kinda new to this and we're not really sure what to buy :/
we're aimming to go 5TH/S +++ Power cost is not a problem. belive it or not but we do have our own build power station haha. but anyway, please give us tips on what to buy!!

Impossible to even reach GH mark on the fastest GPU, even ASICs have problems with ROIs. The difficulty would increase too fast for your ASIC to gain a lot of profit. Why don't you try to buy some bitcoin?

ShakyhandsBTCer

sr. member

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: ChekaZ on June 13, 2014, 02:08:55 PM

Quote from: joshraban76 on June 13, 2014, 09:48:06 AM

Quote from: CounterStrike on June 13, 2014, 08:44:08 AM

Quote from: joshraban76 on June 13, 2014, 07:54:28 AM

Well, ASICs are far more profitable now than GPU mining, I prefer you google around for some solid ASICs and invest in them for the long run.

Don't go with GPU mining as you will be the only loser.

Not if you know what you are doing.

Tell me how is GPU mining profitable from your own point of view.

I think he wants to point out that if you mine x13, x11 or something similar with GPU and convert them into BTC, you can still make tons of profit.

This will probably not be profitable for long. It is claimed to not be possible but ASICs will almost be certainly be developed for x11 sometime in the future, similar to how ASICs have been developed for scrypt.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Ok so this kid wants to buy all of this equipment because gems trying to get investors in on it, and then sell those hashes like a hashing company like cex.io does.

If you look in the service section, you can see it, if you look.

So it's not him "and his bro" necessarily, it's him, "his bro" and about a dozen investors that are building the mining rig. Now of course, there is absolutely no pretence of any technical knowledge, so I'm imagining this would turn out badly. But other than that, he has goals.

So, anyone else go other ideas, since he's looking to sell the hashes?

joshraban76

sr. member

Activity: 252

Merit: 250

Quote from: ChekaZ on June 13, 2014, 02:08:55 PM

Quote from: joshraban76 on June 13, 2014, 09:48:06 AM

Quote from: CounterStrike on June 13, 2014, 08:44:08 AM

Quote from: joshraban76 on June 13, 2014, 07:54:28 AM

Well, ASICs are far more profitable now than GPU mining, I prefer you google around for some solid ASICs and invest in them for the long run.

Don't go with GPU mining as you will be the only loser.

Not if you know what you are doing.

Tell me how is GPU mining profitable from your own point of view.

I think he wants to point out that if you mine x13, x11 or something similar with GPU and convert them into BTC, you can still make tons of profit.

Well, this yes, could be right. But he didn't illustrate this bro.

ChekaZ

legendary

Activity: 1884

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Quote from: joshraban76 on June 13, 2014, 09:48:06 AM

Quote from: CounterStrike on June 13, 2014, 08:44:08 AM

Quote from: joshraban76 on June 13, 2014, 07:54:28 AM

Well, ASICs are far more profitable now than GPU mining, I prefer you google around for some solid ASICs and invest in them for the long run.

Don't go with GPU mining as you will be the only loser.

Not if you know what you are doing.

Tell me how is GPU mining profitable from your own point of view.

I think he wants to point out that if you mine x13, x11 or something similar with GPU and convert them into BTC, you can still make tons of profit.

joshraban76

sr. member

Activity: 252

Merit: 250

Quote from: CounterStrike on June 13, 2014, 08:44:08 AM

Quote from: joshraban76 on June 13, 2014, 07:54:28 AM

Well, ASICs are far more profitable now than GPU mining, I prefer you google around for some solid ASICs and invest in them for the long run.

Don't go with GPU mining as you will be the only loser.

Not if you know what you are doing.

Tell me how is GPU mining profitable from your own point of view.

Simon8x

hero member

Activity: 568

Merit: 500

Quote from: CounterStrike on June 13, 2014, 08:44:08 AM

Quote from: joshraban76 on June 13, 2014, 07:54:28 AM

Well, ASICs are far more profitable now than GPU mining, I prefer you google around for some solid ASICs and invest in them for the long run.

Don't go with GPU mining as you will be the only loser.

Not if you know what you are doing.

GPU-mining bitcoin is a complete waste of time.
GPU-mining altcoins may be a completely different story. Wink

CounterStrike

sr. member

Activity: 294

Merit: 250

Quote from: joshraban76 on June 13, 2014, 07:54:28 AM

Well, ASICs are far more profitable now than GPU mining, I prefer you google around for some solid ASICs and invest in them for the long run.

Don't go with GPU mining as you will be the only loser.

Not if you know what you are doing.

joshraban76

sr. member

Activity: 252

Merit: 250

Well, ASICs are far more profitable now than GPU mining, I prefer you google around for some solid ASICs and invest in them for the long run.

Don't go with GPU mining as you will be the only loser.

FlyForFun

sr. member

Activity: 243

Merit: 250

Quote from: Sakarias on June 12, 2014, 03:58:04 PM

Hello! so me and my 2 brothers and a friend are going to put our computers together and but tons of bitcoin mining Equipment!
now, we're kinda new to this and we're not really sure what to buy :/
we're aimming to go 5TH/S +++ Power cost is not a problem. belive it or not but we do have our own build power station haha. but anyway, please give us tips on what to buy!!

Well, buying mining equipment isn't profitable these days but if you insist, you should pre-order the 8TH/s machine.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

its hard to say what is profitable for mining today, it seams to me that better option is to simply buy bitcoins.
difficulty is increasing daily and the whole mining scene is over-saturated, thus , profits from it are marginal, or negative.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: forzendiablo on June 12, 2014, 11:27:27 PM

GPUs are good for x11 or scrypt [not for long].

I said no Scrypt! Please!

As high in value as Litecoin may be as the silver to Bitcoin's gold, there is now a growing need to but hashes from companies loaded down with ASICs of any kind, which are somewhat hard to find in related to Scrypt mining.

Truly, new algorithms will become the thing that will help the community, as ASICs become harder and harder to develope for said algroithms.

forzendiablo

legendary

Activity: 1526

Merit: 1000

the grandpa of cryptos

GPUs are good for x11 or scrypt [not for long].

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: loewen.brad on June 12, 2014, 09:23:07 PM

Buy yourself 5 Bitmain Antminer S2 units. That will get you to your 5Th/s mark. They have the lowest power consumption needs (approx 1.1 watts/Gh/s) and they're basically plug and play. Each unit currently costs 3.881 BTC from Bitmaintech.com. Total cost minus any shipping for 5 units would be around $11,300 USD

Strongly disagree here. If electricity cost and capacity truly aren't an issue then what your going for is the lowest $/GH ratio as opposed to the lowest $/GH/Kw ratio. If you have massive capacity, and your juice is free...definitely go with the Antminer S1's. Far better $/GH deal than the S2's.

*But do agree with several other fellas in here recommending staying away from mining. Hobby-based mining won't be minting you any yachts anytime soon. Even if you do dump 10-15K into mining hardware right now. And the situation is likely to only continue to get worse difficulty wise for the foreseeable future.

Best of luck to you.

d2dtk

hero member

Activity: 518

Merit: 501

Mine alt coins then hold them til the price is just right and let it rain down on all the people who are frantic buying.

Cheapest rig would be a used butterfly lap unit or maybe some usb sticks

Yakamoto

legendary

Activity: 1218

Merit: 1007

Let me tell you right now: Quit while you're ahead. Don't buy the mining equipment for bitcoin. Invest in some other alts as you can mine large amount for a cheaper price.

You have to hand the mining over to the large companies now, as it is increasingly harder to run anything individually and be successful with it.

GPU mining is what you're going to be looking at for alts, and do 't expect to beat a few gigs hashes in mining capability. The GPUs are Mega-hashes for a reason.

And don't mine a coin using pure Scrypt now, as the scrypt ASICs messed up that, and so look for x11, x13, skein, MAMMP, Multi-algo, or anything else for that matter. No SHA256D mining and no Scrypt mining. Keep it simple like that.

As for GPUs to buy, get ATIs, according to some friends of mine who do mining in other coins, but you should do your own research.

But whatever you do, DON'T mine Bitcoin. It's too hard for individuals nowadays.

EchoZulu

newbie

Activity: 25

Merit: 0

Buy shares in a company that does this professionally.
Either that or mine something other than Bitcoin.
The era of individuals successfully mining is over.

loewen.brad

full member

Activity: 196

Merit: 100

Buy yourself 5 Bitmain Antminer S2 units. That will get you to your 5Th/s mark. They have the lowest power consumption needs (approx 1.1 watts/Gh/s) and they're basically plug and play. Each unit currently costs 3.881 BTC from Bitmaintech.com. Total cost minus any shipping for 5 units would be around $11,300 USD

Topic: Help me build a Rig :) What should i buy ? (Read 1340 times)