Topic: Newbie here, need some advice (Read 476 times)
Ok, i understand its dependent on electricity costs. Im living in a dorm so electricity is no factor at all. An important factor for me is sleep, as i dont have dedicated mining equip and dont want to run my computer over night due to the noise. I want to buy some asic usb miner, whats a reasonable price for one?
I built my mining rig from used videocards (2x 5870 , 2x 5970 , 2x6970 ) and 3 used motherboard with CPU , and got 3 used 850W PSU. Total cost was about $1000. Try to look after used parts.
And the hashing power for scrypt mining is about 2.5Mh/s (at the moment, without 1 5870 )
And the hashing power for scrypt mining is about 2.5Mh/s (at the moment, without 1 5870 )
you need to find a place with free electricity 1st.
As long as you make more money than you pay in electricity I'd say you make a profit. Of course though, you also need to reach minimum payout. So maybe 250-500 MHash/s?
There is no minimum hashing power you need to make a profit. The question is how cheap can you get hashing power.
Because the price ran up to $1200 last week everybody is selling mining eq for outrageous prices. You will never turn a true profit unless somebody does you a favor and sells you some eq very cheaply or you steal it.
Wait until next May/June when the eq frenzies subsides. Until then buy coins with fiat or trade your services directly for coin.
Because the price ran up to $1200 last week everybody is selling mining eq for outrageous prices. You will never turn a true profit unless somebody does you a favor and sells you some eq very cheaply or you steal it.
Wait until next May/June when the eq frenzies subsides. Until then buy coins with fiat or trade your services directly for coin.
Hi there,
im new to cryptocurrencies and want to ask what amount of hash power is needed today, to make at least a little profit with btc. And also i want to get out of newbie jail
Thanks in adavance.
im new to cryptocurrencies and want to ask what amount of hash power is needed today, to make at least a little profit with btc. And also i want to get out of newbie jail
Thanks in adavance.
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