Topic: Making a profitable rig for altcoin - page 2. (Read 3947 times)
If you have some liquidity and some decent bank access, you could start trading bitcoins locally. I think that would be more profitable than mining. But mining might work out fo you if you are lucky. Trading bitcoins for local fiat currency is probably a more long-term thing, though.
FPGA is likely to come, but I dont think ASIC will be there for scrypt yet...
Wait for FPGA or ASIC, then it would be even more profitable..
The problem is you cannot rely on the other coins to be profitable over LTC for long. I use LTC as a baseline because its more stable than most.
I have gotten lucky on a few and been one of the first miners on a new coin and then get to sell it at a very nice profit. ($1000-2000+ is possible for a few days mining) But this is a very rare occurrence now adays. lol
I have gotten lucky on a few and been one of the first miners on a new coin and then get to sell it at a very nice profit. ($1000-2000+ is possible for a few days mining) But this is a very rare occurrence now adays. lol
P.S Your comment has really really offended me. Just because I have less money atm, you dont just say things like that.
Call the internet police.You lie. lol
My Scrypt farm has made ROI a few times over since I started mining with it in March/April.
It all depends on how much your power costs.
My power costs $0.03/kwh delivery $0.04/kwh which is $0.07/kwh
Okay, that was 7 months ago... Completely irrelevant to the situation today. March was a great time to own a mining rig, especially if you were mining LTC.My Scrypt farm has made ROI a few times over since I started mining with it in March/April.
It all depends on how much your power costs.
My power costs $0.03/kwh delivery $0.04/kwh which is $0.07/kwh
Especially with FPGAs starting to pop up for scrypt... Building a mining rig is not where you wanna be right now
P.S Your comment has really really offended me. Just because I have less money atm, you dont just say things like that.
Call the internet police.You lie. lol
My Scrypt farm has made ROI a few times over since I started mining with it in March/April.
It all depends on how much your power costs.
My power costs $0.03/kwh delivery $0.04/kwh which is $0.07/kwh
Okay, that was 7 months ago... Completely irrelevant to the situation today. March was a great time to own a mining rig, especially if you were mining LTC.My Scrypt farm has made ROI a few times over since I started mining with it in March/April.
It all depends on how much your power costs.
My power costs $0.03/kwh delivery $0.04/kwh which is $0.07/kwh
Especially with FPGAs starting to pop up for scrypt... Building a mining rig is not where you wanna be right now
I am taking the figure from my $0.4 a day for World Coin though at 100 KH/s. Seems unbelievable but i dont know how my calculations are wrong though. Exchange rate: https://www.cryptsy.com/markets/view/14
Time of mining was taken from my client because it says it started 23.33 hours ago at the time I wrote this
My wallet shows 24.9 WDC
Time of mining was taken from my client because it says it started 23.33 hours ago at the time I wrote this
My wallet shows 24.9 WDC
I am just upgrading, and I got enough fans (6 just lying around) so im only taking the cost of the GPU + motherboard which is $1100.
Are these calculations correct, or am I going wrong somewhere?
Calculations
However when I mine worldcoin on 100 KH/s, for about 1400 minutes (23.33 hours) it only gave me about 25 WDC which is about 0.00275373 BTC at current exchange rate which is about $0.4 at the average rate of $156 / BTC, meaning I do get more than what it says on wheretomine.com So, that would mean that if I was mining that long at 3250 KH/s I would have gotten $0.4 * 32.5 = $13 a day x 30 for 1 month = 390$ x 61.13 for INR = 23140!
I am not taking electricity into account, because in my locality it is dirt cheap
Changed it to 3250 KH/s, still above 20k per month 
and if I just use it for ROI, in theory I should get it back in 3 months
Are these calculations correct, or am I going wrong somewhere?
Calculations
However when I mine worldcoin on 100 KH/s, for about 1400 minutes (23.33 hours) it only gave me about 25 WDC which is about 0.00275373 BTC at current exchange rate which is about $0.4 at the average rate of $156 / BTC, meaning I do get more than what it says on wheretomine.com So, that would mean that if I was mining that long at 3250 KH/s I would have gotten $0.4 * 32.5 = $13 a day x 30 for 1 month = 390$ x 61.13 for INR = 23140!
I am not taking electricity into account, because in my locality it is dirt cheap
and if I just use it for ROI, in theory I should get it back in 3 months Now that would mean I would need to invest 1100$ As I need to just upgrade my motherboard and GPU's? Or is there a more efficient of mining to get 20000 INR at least a month, as I need to start earning ASAP.
Sell yourself into the sex trade.Mining is not a profitable venture.
You lie. lol
My Scrypt farm has made ROI a few times over since I started mining with it in March/April.
on average 5x 7950s should do about 3250kh/s
That would earn about 3.17LTC per day, other coins are more profitable, FTC has been the most profitable for me for the past few weeks.
3.17LTC is about $5.79 per day or a total of $173 per month.
5x 7950s will pull about 1500w including the mobo/cpu.
1500w over a month would be 1080kwh at my power cost it would be about $75.60 a month.
$173 - $75.60 = $97.40 profit per month
NOT INCLUDING KEEPING THE WHOLE THING COOL!!!
See my Old Trunk Litecoin Mining Rig for an example of overkill. lol
https://bitcointalksearch.org/topic/possible-overkill-old-trunk-litecoin-mining-rig-280614
Now that would mean I would need to invest 1100$ As I need to just upgrade my motherboard and GPU's? Or is there a more efficient of mining to get 20000 INR at least a month, as I need to start earning ASAP.
Sell yourself into the sex trade.Mining is not a profitable venture.
You lie. lol
My Scrypt farm has made ROI a few times over since I started mining with it in March/April.
Now that would mean I would need to invest 1100$ As I need to just upgrade my motherboard and GPU's? Or is there a more efficient of mining to get 20000 INR at least a month, as I need to start earning ASAP.
Sell yourself into the sex trade.Mining is not a profitable venture.
You lie. lol
My Scrypt farm has made ROI a few times over since I started mining with it in March/April.
It all depends on how much your power costs.
My power costs $0.03/kwh delivery $0.04/kwh which is $0.07/kwh
I dont mean PROFITABLE, but it just needs to give me some money every month, which is possible. P.S Your comment has really really offended me. Just because I have less money atm, you dont just say things like that.
Now that would mean I would need to invest 1100$ As I need to just upgrade my motherboard and GPU's? Or is there a more efficient of mining to get 20000 INR at least a month, as I need to start earning ASAP.
Sell yourself into the sex trade.Mining is not a profitable venture.
I know I created a topic of this already, but this time I just want to keep it to MINING only!
So I was thinking, I could use the reserve money (quite a lot) and create a mining rig.
Now is this website correct: in saying that a HD 7950 can run at 725 KH/s? If so according to: http://www.wheretomine.com/ if I put in a hashrate of 3625 KH/s for Scrypt it gives me a earning of 355$ a month which is 20000 INR.
Calculations
However when I mine worldcoin on 100 KH/s, for about 1400 minutes (23.33 hours) it only gave me about 25 WDC which is about 0.00275373 BTC at current exchange rate which is about $0.4 at the average rate of $156 / BTC, meaning I do get more than what it says on wheretomine.com So, that would mean that if I was mining that long at 3250 KH/s I would have gotten $0.4 * 32.5 = $13 a day x 30 for 1 month = 390$ x 61.13 for INR = 23140!
I am not taking electricity into account, because in my locality it is dirt cheap
Now that would mean I would need to invest 1100$ As I need to just upgrade my motherboard and GPU's? Or is there a more efficient of mining to get 20000 INR at least a month, as I need to start earning ASAP.
So I was thinking, I could use the reserve money (quite a lot) and create a mining rig.
Now is this website correct: in saying that a HD 7950 can run at 725 KH/s? If so according to: http://www.wheretomine.com/ if I put in a hashrate of 3625 KH/s for Scrypt it gives me a earning of 355$ a month which is 20000 INR.
Calculations
However when I mine worldcoin on 100 KH/s, for about 1400 minutes (23.33 hours) it only gave me about 25 WDC which is about 0.00275373 BTC at current exchange rate which is about $0.4 at the average rate of $156 / BTC, meaning I do get more than what it says on wheretomine.com So, that would mean that if I was mining that long at 3250 KH/s I would have gotten $0.4 * 32.5 = $13 a day x 30 for 1 month = 390$ x 61.13 for INR = 23140!
I am not taking electricity into account, because in my locality it is dirt cheap
Now that would mean I would need to invest 1100$ As I need to just upgrade my motherboard and GPU's? Or is there a more efficient of mining to get 20000 INR at least a month, as I need to start earning ASAP.
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