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Topic: newbie set-up hardware for mining crypto-coins only please help!! (Read 3104 times)

newbie
Activity: 27
Merit: 0
which coin would you suggest mining? LTC? Or an even younger altcoin?

i think about MEMEcoin and later exchange them to LTC Wink

remember that coinswarz.com and wheretomine.com are sometimes outdated and they don't give you actually difficult etc Wink

BTW for example i how 489374823 on galaxy-coin how i can add them to www.cryptsy.com ?? and what site you recommended me to transfer BTC to paypal?? i thinking about virwox or skrill.com
newbie
Activity: 12
Merit: 0
which coin would you suggest mining? LTC? Or an even younger altcoin?
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
No problem, matey.

Please share your experience with the spot mining when you have some results.
newbie
Activity: 27
Merit: 0
electricity cost are not $0 from a net point of view.
However some countries has electricity included in the rent, also it is not unusual that student flats, dormitories ect has electricity included in the rent.

Personally I will go for the HD 7950, because of the availability where I live, you can find it used for a good price.

However I see many "pro-miners" use R290x, R280x, R270x.

I think both are good miner-cards, go for the cheapest you can get your hand on.

Good luck - happy mining  Grin

thanks dude ^_^ so i try R9 280x first Cheesy
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
electricity cost are not $0 from a net point of view.
However some countries has electricity included in the rent, also it is not unusual that student flats, dormitories ect has electricity included in the rent.

Personally I will go for the HD 7950, because of the availability where I live, you can find it used for a good price.

However I see many "pro-miners" use R290x, R280x, R270x.

I think both are good miner-cards, go for the cheapest you can get your hand on.

Good luck - happy mining  Grin
newbie
Activity: 27
Merit: 0
5.i know that difficult can change Wink)
i know that guarantees can change don't worry Wink)


The 1 BTC / month you have estimated was based on a spot diff ~ 2.3

Look at the spot difficulty chart the last 3 days:
http://www.coinwarz.com/difficulty-charts/spots-difficulty-chart

Try recalculate your budget Wink

so ok if i correctly understand if difficulty have 2.3 i can earn this 1BTC right??Tongue

Yes if you are mining spots with 500 KH/s and:
Electricity cost are $0.
Difficulty stay at 2.3
Your gear works 24/7
Your pool has 0% fee
Your pool has zero pool downtime.
The exchange rate for spots down go down.
ect.

 Roll Eyes


electricity cost are $0??XD not in this world ;DD ok thanks Wink) and last question if you have 2 GPU to choise R9 280x and Radeon 7950HD what is your choise??
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
5.i know that difficult can change Wink)
i know that guarantees can change don't worry Wink)


The 1 BTC / month you have estimated was based on a spot diff ~ 2.3

Look at the spot difficulty chart the last 3 days:
http://www.coinwarz.com/difficulty-charts/spots-difficulty-chart

Try recalculate your budget Wink

so ok if i correctly understand if difficulty have 2.3 i can earn this 1BTC right??Tongue

Yes if you are mining spots with 500 KH/s and:
Electricity cost are $0.
Difficulty stay at 2.3
Your gear works 24/7
Your pool has 0% fee
Your pool has zero pool downtime.
The exchange rate for spots down go down.
ect.

 Roll Eyes
newbie
Activity: 27
Merit: 0
5.i know that difficult can change Wink)
i know that guarantees can change don't worry Wink)


The 1 BTC / month you have estimated was based on a spot diff ~ 2.3

Look at the spot difficulty chart the last 3 days:
http://www.coinwarz.com/difficulty-charts/spots-difficulty-chart

Try recalculate your budget Wink

so ok if i correctly understand if difficulty have 2.3 i can earn this 1BTC right??Tongue
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
5.i know that difficult can change Wink)
i know that guarantees can change don't worry Wink)


The 1 BTC / month you have estimated was based on a spot diff ~ 2.3

Look at the spot difficulty chart the last 3 days:
http://www.coinwarz.com/difficulty-charts/spots-difficulty-chart

Try recalculate your budget Wink
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
Better to use some stable currencies for planning profit.
For example, begin from LiteCoin.
http://www.coinwarz.com/calculators/litecoin-mining-calculator/?h=1000.00&p=500.00&pc=0.21&pf=1&d=2926.50971494&r=50.00000000&er=0.03476000&hc=400
It's your more predictable profit for next month.
After what, you can try something like WorldCoin. Also looks stable now.
http://www.coinwarz.com/calculators/worldcoin-mining-calculator/?h=1000.00&p=500.00&pc=0.10&pf=0.00&d=43.51582338&r=55.59973207&er=0.00070002&hc=400

So, you have good chance to earn about $300 to $500 next month with your card.
And, I think, it's also great opportunity.
Don't look at most profitable coins. It can be not correct calculations. And even if it happen - this happen for 1-3 days, later profitability will return to the Litecoin +- 30%.

Also remember, as another members noticed already. LiteCoin price is skyrocketed from 2 to 30 USD in 1 month. Thats why is so profitable now to mine scrypt coins.
But next months it can return back or difficulty increase and you will get 50 - 100 USD / month with your card.

I pretty much agree with all of this.

It is much better to budget with something stable like LTC.
More reasons:
LTC is well establish, the p2p network are extensive, software is mature (e.g. litecoin-qt). With prototype coins, expect problems with everything, even to transfer the coin from your wallet to the exchange bay.
There are many mining pools, the top5 are very stable, almost no downtime and great monitor interface.

Once you got the setup working and you got some experience with mining, then can you try to take your miner offline at try out some other coins.




sr. member
Activity: 336
Merit: 254
CoinMine.pw
Better to use some stable currencies for planning profit.
For example, begin from LiteCoin.
http://www.coinwarz.com/calculators/litecoin-mining-calculator/?h=1000.00&p=500.00&pc=0.21&pf=1&d=2926.50971494&r=50.00000000&er=0.03476000&hc=400
It's your more predictable profit for next month.
After what, you can try something like WorldCoin. Also looks stable now.
http://www.coinwarz.com/calculators/worldcoin-mining-calculator/?h=1000.00&p=500.00&pc=0.10&pf=0.00&d=43.51582338&r=55.59973207&er=0.00070002&hc=400

So, you have good chance to earn about $300 to $500 next month with your card.
And, I think, it's also great opportunity.
Don't look at most profitable coins. It can be not correct calculations. And even if it happen - this happen for 1-3 days, later profitability will return to the Litecoin +- 30%.

Also remember, as another members noticed already. LiteCoin price is skyrocketed from 2 to 30 USD in 1 month. Thats why is so profitable now to mine scrypt coins.
But next months it can return back or difficulty increase and you will get 50 - 100 USD / month with your card.
newbie
Activity: 27
Merit: 0
1.maybe 16hours?? in weekends of course 48H Wink
2.in the future yes...Wink
3.hhmm i only need change GPU and this card cost me 400-450$
4.now in poland there is 0,61 zł so in dolars it will be 0,20$/kwh in 1day it will be 5-4,50$
5.i know that difficult can change Wink)
6.for example emeraldcoin (calculate on coinswarz) 0.000129

i know that guarantees can change don't worry Wink)
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
This page is good too if you are planning in investing in gear:
http://bitcoinwisdom.com/litecoin/calculator

Edit: Just remember that GPU mining is another game than bitcoin asic mining, since the GPU still have some value when then can not generate a profit in respect to electricity cost, then can the cards be sold used, and if you have already reached ROI by mining, then is the sell all profit.

thanks Wink) this pages can help me a lot Smiley) so if i correctly understand with this card i can mine even 1BTC in 31 days?? of course with power cost and difficulty can change Wink)

btw can u tell me i correctly calculate kh/s?? http://www.wheretomine.com/ type 650kh/s and take earnings for top (you should have MEMcoin as first coin)

I cannot say anything about spots, I have absolutely no experience in that.
I tried spot for 30 min, when I saw this thread, i could not mine anything descent.

There are many variables to take into consideration.
1. How much time will it take get the gear up running.
2. Can the gear run 24/7? (dont take it for granted that you can plug it in, and then it will run for 31 days, without some kind of tweeking).
3. How much the gear cost.
4. The electricity cost.
5. The difficult change.
6. The exhange rate on the scrypt you are mining.

If you can earn 1 BTC in one month with a 200-300 dollar investment, then would I say that you have found a sweet "spot".

Remember investment is always the game of risk, there are no sure thing and absolutely no guarantees.
You have to evaluate the risk vs. the opportunity for profit yourself, before making an investment.



newbie
Activity: 27
Merit: 0
This page is good too if you are planning in investing in gear:
http://bitcoinwisdom.com/litecoin/calculator

Edit: Just remember that GPU mining is another game than bitcoin asic mining, since the GPU still have some value when then can not generate a profit in respect to electricity cost, then can the cards be sold used, and if you have already reached ROI by mining, then is the sell all profit.

thanks Wink) this pages can help me a lot Smiley) so if i correctly understand with this card i can mine even 1BTC in 31 days?? of course with power cost and difficulty can change Wink)

btw can u tell me i correctly calculate kh/s?? http://www.wheretomine.com/ type 650kh/s and take earnings for top (you should have MEMcoin as first coin)
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
This page is good too if you are planning in investing in gear:
http://bitcoinwisdom.com/litecoin/calculator

Edit: Just remember that GPU mining is another game than bitcoin asic mining, since the GPU still have some value when then can not generate a profit in respect to electricity cost, then can the cards be sold used, and if you have already reached ROI by mining, then is the sell all profit.
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
Yeah, that should not be a problem.
I run mine on a corsair GS600.

Look at this one, if you not already know it, good for comparing cards, and some of them have powerspecs too:
https://litecoin.info/Mining_hardware_comparison
newbie
Activity: 27
Merit: 0
I was mistaken, sorry, I tried mining a few spots to see the hash rate, but I forgot to set the intensity up, so my hash rate was ridiculous low.

What pool are you planing on using?

no problem mate ur welcome Wink) i don't know ;(( i am new in mining and right now i planing to buy GPU(only 1 right now) and what pool you prefer?? or just solo??..

I am only mining LTC at the moment.


wow so your PC must be a beast ;PP LTC difficulty is high ; ))

Not at all, some old scrap:  I have 2 x HD7850 ~ 600 KH/s

*not bad emot* xD i have question 2u my supply power(ocz modxstream pro 700w) can hold Radeon 7950HD or R9 280x??; ) (only 1GPU right now)
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
I was mistaken, sorry, I tried mining a few spots to see the hash rate, but I forgot to set the intensity up, so my hash rate was ridiculous low.

What pool are you planing on using?

no problem mate ur welcome Wink) i don't know ;(( i am new in mining and right now i planing to buy GPU(only 1 right now) and what pool you prefer?? or just solo??..

I am only mining LTC at the moment.


wow so your PC must be a beast ;PP LTC difficulty is high ; ))

Not at all, some old scrap:  I have 2 x HD7850 ~ 600 KH/s
newbie
Activity: 27
Merit: 0
I was mistaken, sorry, I tried mining a few spots to see the hash rate, but I forgot to set the intensity up, so my hash rate was ridiculous low.

What pool are you planing on using?

no problem mate ur welcome Wink) i don't know ;(( i am new in mining and right now i planing to buy GPU(only 1 right now) and what pool you prefer?? or just solo??..

I am only mining LTC at the moment.


wow so your PC must be a beast ;PP LTC difficulty is high ; ))
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
I was mistaken, sorry, I tried mining a few spots to see the hash rate, but I forgot to set the intensity up, so my hash rate was ridiculous low.

What pool are you planing on using?

no problem mate ur welcome Wink) i don't know ;(( i am new in mining and right now i planing to buy GPU(only 1 right now) and what pool you prefer?? or just solo??..

I am only mining LTC at the moment.
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