Author

Topic: Mining Rig (Read 762 times)

hero member
Activity: 560
Merit: 500
September 09, 2012, 04:51:54 PM
#10
If I were to buy a mining rig that works at approx. 300 MH/s, would I see a significant increase in my hydro bill? Would it even be worth it at this point? I am planning to mine in a pool not solo.

ASIC mining rigs are coming out soon.  They are much more cost effective.

"soon" might be 2 month`s, it might be 12 month`s.... all tho i dont think its worth it building new gpu rigs right now with them coming,
id say investment untill they get out would be the smart thing to do.
but thats just my 2 cents
newbie
Activity: 19
Merit: 0
September 09, 2012, 03:59:46 PM
#9
If I were to buy a mining rig that works at approx. 300 MH/s, would I see a significant increase in my hydro bill? Would it even be worth it at this point? I am planning to mine in a pool not solo.

ASIC mining rigs are coming out soon.  They are much more cost effective.
hero member
Activity: 868
Merit: 500
September 09, 2012, 02:28:52 PM
#8
Look for the many online calculators which will tell you power costs compared to current value of BTC earnt.  This will tell you if its financially viable to continue mining with your hardware, your electricity costs, at the current difficulty level and current value of BTC.  There are too many variables to say if its viable to continue mining or not.
legendary
Activity: 3676
Merit: 1495
September 09, 2012, 02:06:41 PM
#7
If it's worth it or not depends on hardware and power-costs.

300MH/s isnt exactly a lot these days, at current difficulty (which will probably rise) it'll net you 0.11BTC a day,
depending on the hardware used the rig might draw 150-200Watt (on a GPU), or 15-20Watt (on FPGA).

So, hard to say if it's worth it to you.
member
Activity: 98
Merit: 10
September 09, 2012, 01:43:50 PM
#6
You guys are confusing, it is even worth mining at the current difficulty?
member
Activity: 103
Merit: 10
September 09, 2012, 01:42:42 PM
#5
just mine with your CPU, it actually makes your power meter spin backward and you get mass bitcoin

How would I go about mining with my CPU?

forget CPU mining ...

some guys make strange jokes ...
member
Activity: 98
Merit: 10
September 09, 2012, 01:41:04 PM
#4
just mine with your CPU, it actually makes your power meter spin backward and you get mass bitcoin

How would I go about mining with my CPU?
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
September 09, 2012, 01:35:55 PM
#3
just mine with your CPU, it actually makes your power meter spin backward and you get mass bitcoin
newbie
Activity: 8
Merit: 0
September 09, 2012, 01:35:33 PM
#2
If I were to buy a mining rig that works at approx. 300 MH/s, would I see a significant increase in my hydro bill? Would it even be worth it at this point? I am planning to mine in a pool not solo.

check https://en.bitcoin.it/wiki/Mining_hardware_comparison. Search for Radeon 5850, which has approximately what you are searching for.
member
Activity: 98
Merit: 10
September 09, 2012, 01:30:19 PM
#1
If I were to buy a mining rig that works at approx. 300 MH/s, would I see a significant increase in my hydro bill? Would it even be worth it at this point? I am planning to mine in a pool not solo.
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