Is it economically viable me building a scrypt rig around £1200. - page 2.

SheepOnDrugs

member

Activity: 112

Merit: 10

1750w is too high.
1500W should be sufficient for 4 and you can even undervolt them which is recommended as it safes energy and also lowers temp.

4 280x will give you around 2800khash.
Check out here how much you could earn right now. But keep in mind that difficulty changes, the most profitable coins always switch and ofc the price changes aswell.

You will make money, you might also make ROI. I'm just saying that you shouldn't do it purely for the money cause then you should do something else. But its a fun hobby and when you like computers its a nice income for having fun. Wink

Mk2vr6

full member

Activity: 196

Merit: 100

Quote from: SheepOnDrugs on January 22, 2014, 03:07:24 PM

Better get one decent one.
Also 2GB is sufficient for Linux. if you use Linux you won't even need the SSD as you can install Linux on an USB stick.

If you're only doing it for the profit don't do it. Mining is also a hobby and needs a lot of attention.

No profit in it whatsoever?

I like to tinker with computers, and this will be another reason to be mucking around with them.

Already got a bootable Linux Mint stick, but can use whatever OS - that should keep costs down.

Also regarding the PSU - calculators reckon 1750w - Really??

SheepOnDrugs

member

Activity: 112

Merit: 10

Better get one decent one.
Also 2GB is sufficient for Linux. if you use Linux you won't even need the SSD as you can install Linux on an USB stick.

If you're only doing it for the profit don't do it. Mining is also a hobby and needs a lot of attention.

Mk2vr6

full member

Activity: 196

Merit: 100

Quote from: atp1916 on January 22, 2014, 08:40:57 AM

Quote from: Mk2vr6 on January 22, 2014, 08:38:36 AM

Quote from: atp1916 on January 22, 2014, 08:30:36 AM

#1. Get your money from Alpha Technologies now. They are the first BFL of the scrypt asic mining scene. People are handing them thousands of dollars for pre-order vaporware. Companies that fund their dev with pre-order cash = you may/will not (ever) get your hardware in time to make ROI. Ignore the Scrypt asic hoopla for it - it's all hype and little substance.

#2. Scrypt Asics will not purely outhash GPUs (yet). They will certainly do better hash/watt/density, yes, but asics are not repurposable for supporting future algorithms at the hardware level. They are therefore a terrible long-term bet if/when the need may arise to sell back hardware. I could sell back my paid-off hardware and offset the electrical bill difference easily. See those 7950s/7970s selling for $400-600? Yeah.

#3. 4 280x's is apx 2.8/3mhs. That should net you at least half a btc a month on middlecoin (and much more on "good" days). You are only gonna spend a small portion of that on electricity. It's a good investment. Go for it.

I haven't sent them a penny! And either way they are only 140 miles from me - I'd make the trip if my money ever went walkies!

Looks good to me - I think I'm in. 4 x 280's is looking favourable over 5 or 6 270's.

Anything else you can add?

Stick with the 280x's. It's not fun fighting the mainboard / AMD drivers getting 5-6 270s recognized and running.

Also, use sgminer and try the Cat. 13.4 driver pack / 2.9 SDK combo first.

Thanks for your input. Really helpful.

PSU, what do you reckon - 1 decent one, or two smaller ones?

atp1916

legendary

Activity: 854

Merit: 1000

Quote from: Mk2vr6 on January 22, 2014, 08:38:36 AM

Quote from: atp1916 on January 22, 2014, 08:30:36 AM

#1. Get your money from Alpha Technologies now. They are the first BFL of the scrypt asic mining scene. People are handing them thousands of dollars for pre-order vaporware. Companies that fund their dev with pre-order cash = you may/will not (ever) get your hardware in time to make ROI. Ignore the Scrypt asic hoopla for it - it's all hype and little substance.

#2. Scrypt Asics will not purely outhash GPUs (yet). They will certainly do better hash/watt/density, yes, but asics are not repurposable for supporting future algorithms at the hardware level. They are therefore a terrible long-term bet if/when the need may arise to sell back hardware. I could sell back my paid-off hardware and offset the electrical bill difference easily. See those 7950s/7970s selling for $400-600? Yeah.

#3. 4 280x's is apx 2.8/3mhs. That should net you at least half a btc a month on middlecoin (and much more on "good" days). You are only gonna spend a small portion of that on electricity. It's a good investment. Go for it.

I haven't sent them a penny! And either way they are only 140 miles from me - I'd make the trip if my money ever went walkies!

Looks good to me - I think I'm in. 4 x 280's is looking favourable over 5 or 6 270's.

Anything else you can add?

Stick with the 280x's. It's not fun fighting the mainboard / AMD drivers getting 5-6 270s recognized and running.

Also, use sgminer and try the Cat. 13.4 driver pack / 2.9 SDK combo first.

Mk2vr6

full member

Activity: 196

Merit: 100

Quote from: atp1916 on January 22, 2014, 08:30:36 AM

#1. Get your money from Alpha Technologies now. They are the first BFL of the scrypt asic mining scene. People are handing them thousands of dollars for pre-order vaporware. Companies that fund their dev with pre-order cash = you may/will not (ever) get your hardware in time to make ROI. Ignore the Scrypt asic hoopla for it - it's all hype and little substance.

#2. Scrypt Asics will not purely outhash GPUs (yet). They will certainly do better hash/watt/density, yes, but asics are not repurposable for supporting future algorithms at the hardware level. They are therefore a terrible long-term bet if/when the need may arise to sell back hardware. I could sell back my paid-off hardware and offset the electrical bill difference easily. See those 7950s/7970s selling for $400-600? Yeah.

#3. 4 280x's is apx 2.8/3mhs. That should net you at least half a btc a month on middlecoin (and much more on "good" days). You are only gonna spend a small portion of that on electricity. It's a good investment. Go for it.

I haven't sent them a penny! And either way they are only 140 miles from me - I'd make the trip if my money ever went walkies!

Looks good to me - I think I'm in. 4 x 280's is looking favourable over 5 or 6 270's.

Anything else you can add?

atp1916

legendary

Activity: 854

Merit: 1000

#1. Get your money back from Alpha Technologies now. They are the first BFL of the scrypt asic mining scene. People are handing them thousands of dollars for pre-order vaporware. Companies that fund their dev with pre-order cash = you may/will not (ever) get your hardware in time to make ROI. Ignore the Scrypt asic hoopla for it - it's virtually all hype and very little substance at the current moment.

#2. Scrypt Asics will not purely outhash GPUs (yet). They will certainly do better hash/watt/density, yes, but asics are not repurposable for supporting future algorithms at the hardware level. They are therefore a terrible long-term bet if/when the need may arise to sell back hardware. I could sell back my paid-off hardware and offset the electrical bill difference easily. See those AMD cards selling for hundreds above MSRP? Yeah.

#3. 4 280x's is apx 2.8/3mhs. That should net you at least half a btc a month on middlecoin (and much more on "good" days). You are only gonna spend a small portion of that on electricity. It's a good investment. Go for it.

Mk2vr6

full member

Activity: 196

Merit: 100

As above really - have between £12-1500 to spend.

Was thinking:

4x 280x Sapphire Vapor.
970 extreme 4,
8gb ram,
Cheap SSD,
And possibly 2x 750w bronze psu's.

The problem is the imminent arrival of scrypt ASIC's. I have registered my interest with Alpha-T but looks like I've missed the first batch.

Obviously computer hardware can be sold on after using it, and I need to factor in cost of electricity here as it isn't cheap in the UK!!

What do you reckon? Huh

Topic: Is it economically viable me building a scrypt rig around £1200. - page 2. (Read 1761 times)