There is a litecoin project you guys might actually be interested that's right up your alley. Jaisonlee from these forums is involved they are ready to go live soon.
https://litecointalk.org/index.php?topic=2702.0
Topic: [OPEN] R20x: LTC/ALT Ultra Power Rig GB! $212 = 144-160 KH/s + DZ MC Exclusives - page 3. (Read 11189 times)
December 12, 2013, 02:16:58 AM
December 12, 2013, 01:45:42 AM
You're asking for over $5300 for a 4kh machine? Wow.
assuming high prices:
6x r9 280x @ 450/ea = $2700
Mobo, risers, cpu, ram = $350
1250w PSU x 2 = $600
3kw generator = $800
2000Va UPS (~30m+ uptime on a 2kw draw) = $800
Misc costs = $50
Total: $5300
I guess this makes sense...
assuming high prices:
6x r9 280x @ 450/ea = $2700
Mobo, risers, cpu, ram = $350
1250w PSU x 2 = $600
3kw generator = $800
2000Va UPS (~30m+ uptime on a 2kw draw) = $800
Misc costs = $50
Total: $5300
I guess this makes sense...
3kw generator = $800
2000Va UPS (~30m+ uptime on a 2kw draw) = $800
they already have these items for the facility
We're actually building Facility #2 (we maxed out Facility #1), which needs its own gas generators and Server grade UPS units with battery banks, and additional A/C installation.
These are high end, custom built machines, assembled and tested in 'Murica. We're only going to sell and host/ship, the best of the rigs (and will hold sub-standard ones aside to address later). Our prices are very competitive with what you would get from a custom rig builder such as Puget Systems, except that we're more focuses on the mining side.
AFAIK: we're the only sales outlet that are offering custom built to order R9 LTC/Alt rigs at this time.
- One more thing: instead of closed cases, we may use open cases that can fit 2 mobos and up to 8 GPUs, if there's enough stock available.
December 12, 2013, 01:35:14 AM
1 share = $212 = 144-160 KH/s for 6 months
you can buy a used 5870 or 6950... for and get double that at least.....
you can buy a used 5870 or 6950... for and get double that at least.....
Yes, you could. A used card, that may or may have not been beat to sh!t and overclocked to near death (because the owner only cared about selling the hardware before it failed as all stressed components tend to do prematurely)...
...which also assumes that you have an entire rig you either paid for, or you bought a whole new rig for, and that you and your housemates don't mind the noise/heat/cooling & power costs.
I went into this issue further when the forums were down: http://www.reddit.com/r/dzminercoop/comments/1soze8/about_our_new_ltc_rigs_and_group_buys.
==
This GB is for those that want to get into LTC/ALT mining, but don't want to build a rig, buy a rig, or deal with the noise/heat/cooling/power costs of a GPU rig or farm.
Like you: I could easily build this rig myself (and deal with all the inevitable cuts and scrapes). This GB wasn't really meant for you or me. However, OTOH: my wife would def. not be ok, with a 2 or 4 GPU beast running in the house and driving up our electricity costs (about 50 cents a Kilowatt hour here).
December 12, 2013, 01:33:08 AM
Yeah, guys I love you but the economics on this are way off unless LTC goes through the roof. Going to have to pass on this one.
well if it is 25 shares for a rig . you pay 12 bucks over head 300/25 if the share earns 50 bucks - 12 = 38 dollars back in 1 month . at todays difficulty . ltc does go up and down in diff. I won't decide until r9-r12 gets settled. if I get a buyout and divs I would buy a share here maybe 2. I am certainly liking r17 more. but remember this machine will sell for parts as it has great gpus inside of it. so it will have value even if all mining dies. when I cashed in all my pc gear I sold 21 gpu's for over 4k.
The problem is that it will be tough to get ROI on just the shares. You raise a good point the hardware itself in 6 months will be worth nearly 80% of their costs, because you can sell the hardware to just about anyone, and the hardware in question will still be top contenders in 6 months.
I just wish there was an easier LTC exchange to deal with the current options are pretty much horrible. The only reason I would take part, would be to bank some LTC, and then get some of the BTC back when the hardware is sold.
no doubt roi on the mining alone almost certainly won't happen in ltc terms but maybe it could in usd. but I am thinking you always can get 70 to 80 percent back on the pc/gpu aspect. so this would not ever really zero out . it is a different mindset to invest in this.
that is why I want 1 share at worst 2 or 3 if I get a r9-r12 buyout.
Also, $300 a month for hosting is extremely expensive. That is going to be a very large percentage of the earnings. Hosting for the ASICs makes up only a small portion of earnings, that is why it's a great deal. When hosting makes up more than 10% of the earnings, I say it's way to high. As of today, running at 4 MH, it would take 6 days of mining to pay for the $300 a month hosting fee. That is around 20% of the total earnings.
Valid points:
- the 6 month date is to re-assess things, we'll just continue mining if it appears to continue to be profitable, or we'll sell the rig to help recoup costs.
- these rigs are rated for up to 2.4-3 Kilowatts, so there's a *lot* of power (and noise) involved with running a quad GPU miner. There's also fans, and A/C to consider.
Also: there is labor/testing built into the price. This is different from other GBs as we're building our own custom, high performance Scrypt rigs for us to use and need to include a fair price for professionally insured, custom built, high end Scrypt rigs.
This allows us to sidestep/hedge against hardware shortages in the ASIC world (near term Bitcoin hashrate is still in short supply) and expand ALT mining ops as needed.
==
** We will be doing multipool, even multi-coin mining. I listed this as an LTC GB but we will definitely be mining some of the better known ALT coins when it makes sense, as we're big fans of triangular arbitrage **
December 11, 2013, 08:14:12 PM
1 share = $212 = 144-160 KH/s for 6 months
you can buy a used 5870 or 6950... for and get double that at least.....
you can buy a used 5870 or 6950... for and get double that at least.....
December 11, 2013, 08:09:49 PM
http://litecoinscout.com/static/speed5760-small-lin.png
http://litecoinscout.com/static/speed34560-small-lin.png
i'm considering getting 3 shares but it seems like such a big risk. in a month the difficulty will probably at least double.
at that rate (diff 5000+), 500KHS will get you 0.6 LTC a week.
but as we see, at the current rate of craze for litecoin, the difficulty bounces up 3 times in 10 days... and the leaps seem to be getting bigger and bigger.
as of right now, for that same price (roughly 0.6B for 3 shares) i can buy 16.6 LTC.
not trying to knock anyone down or anything, but something really crazy has to happen to the litecoin price in order to ROI on this, and with the current difficulties BTC is having i really can't see that happening easy just like that.
i'll keep monitoring but no buying as of yet.
but a huge thanks for even considering this, love you guys!
http://litecoinscout.com/static/speed34560-small-lin.png
i'm considering getting 3 shares but it seems like such a big risk. in a month the difficulty will probably at least double.
at that rate (diff 5000+), 500KHS will get you 0.6 LTC a week.
but as we see, at the current rate of craze for litecoin, the difficulty bounces up 3 times in 10 days... and the leaps seem to be getting bigger and bigger.
as of right now, for that same price (roughly 0.6B for 3 shares) i can buy 16.6 LTC.
not trying to knock anyone down or anything, but something really crazy has to happen to the litecoin price in order to ROI on this, and with the current difficulties BTC is having i really can't see that happening easy just like that.
i'll keep monitoring but no buying as of yet.
but a huge thanks for even considering this, love you guys!
December 11, 2013, 07:43:37 PM
Just pointing out the costs that would have to be associated to justify such a high cost per share.
Also... "Your share price includes acquisition of.... [USP and generator]"
This implies that they don't have that equipment yet, and besides, that equipment can't be shared if spec'd at the stated output.
Regardless, this seems to be very overpriced, but to each their own.
Also... "Your share price includes acquisition of.... [USP and generator]"
This implies that they don't have that equipment yet, and besides, that equipment can't be shared if spec'd at the stated output.
Regardless, this seems to be very overpriced, but to each their own.
December 11, 2013, 06:04:19 PM
You're asking for over $5300 for a 4kh machine? Wow.
assuming high prices:
6x r9 280x @ 450/ea = $2700
Mobo, risers, cpu, ram = $350
1250w PSU x 2 = $600
3kw generator = $800
2000Va UPS (~30m+ uptime on a 2kw draw) = $800
Misc costs = $50
Total: $5300
I guess this makes sense...
assuming high prices:
6x r9 280x @ 450/ea = $2700
Mobo, risers, cpu, ram = $350
1250w PSU x 2 = $600
3kw generator = $800
2000Va UPS (~30m+ uptime on a 2kw draw) = $800
Misc costs = $50
Total: $5300
I guess this makes sense...
3kw generator = $800
2000Va UPS (~30m+ uptime on a 2kw draw) = $800
they already have these items for the facility
December 11, 2013, 05:54:05 PM
You're asking for over $5300 for a 4kh machine? Wow.
assuming high prices:
6x r9 280x @ 450/ea = $2700
Mobo, risers, cpu, ram = $350
1250w PSU x 2 = $600
3kw generator = $800
2000Va UPS (~30m+ uptime on a 2kw draw) = $800
Misc costs = $50
Total: $5300
I guess this makes sense...
assuming high prices:
6x r9 280x @ 450/ea = $2700
Mobo, risers, cpu, ram = $350
1250w PSU x 2 = $600
3kw generator = $800
2000Va UPS (~30m+ uptime on a 2kw draw) = $800
Misc costs = $50
Total: $5300
I guess this makes sense...
December 11, 2013, 05:29:10 PM
7850 for $200 makes 400kh/s...
That's my thoughts as well...
I just got a 5850 on Craigslist for $60 and it's hashing at 330kh/s
But, with the group buy you don't have to factor in any time spent doing maintenence and the cost of electricity, riser cables, PSU cables, PSU/mobo/cpu/ram/etc (if you are out of PCIE slots), so I could easily see this being a good venture for someone who just wanted to get into Litecoins but didn't want to build a mining rig from scratch and doesn't have any PCIE slots lying idle.
December 11, 2013, 05:23:11 PM
7850 for $200 makes 400kh/s...
December 11, 2013, 04:42:03 PM
Yeah, guys I love you but the economics on this are way off unless LTC goes through the roof. Going to have to pass on this one.
well if it is 25 shares for a rig . you pay 12 bucks over head 300/25 if the share earns 50 bucks - 12 = 38 dollars back in 1 month . at todays difficulty . ltc does go up and down in diff. I won't decide until r9-r12 gets settled. if I get a buyout and divs I would buy a share here maybe 2. I am certainly liking r17 more. but remember this machine will sell for parts as it has great gpus inside of it. so it will have value even if all mining dies. when I cashed in all my pc gear I sold 21 gpu's for over 4k.
The problem is that it will be tough to get ROI on just the shares. You raise a good point the hardware itself in 6 months will be worth nearly 80% of their costs, because you can sell the hardware to just about anyone, and the hardware in question will still be top contenders in 6 months.
I just wish there was an easier LTC exchange to deal with the current options are pretty much horrible. The only reason I would take part, would be to bank some LTC, and then get some of the BTC back when the hardware is sold.
no doubt roi on the mining alone almost certainly won't happen in ltc terms but maybe it could in usd. but I am thinking you always can get 70 to 80 percent back on the pc/gpu aspect. so this would not ever really zero out . it is a different mindset to invest in this.
that is why I want 1 share at worst 2 or 3 if I get a r9-r12 buyout.
Also, $300 a month for hosting is extremely expensive. That is going to be a very large percentage of the earnings. Hosting for the ASICs makes up only a small portion of earnings, that is why it's a great deal. When hosting makes up more than 10% of the earnings, I say it's way to high. As of today, running at 4 MH, it would take 6 days of mining to pay for the $300 a month hosting fee. That is around 20% of the total earnings.
If LTC continues to rise in value, difficulty will also keep rising. Buying in the hopes that LTC goes up will not work.
I will not be buying any shares this time. Good luck to those who decide to buy.
December 11, 2013, 02:09:45 PM
Some of the multipools milk the most profitable altcoins and convert to btc for you. I make more than I would mining ltc. Just saying
Top end gpus are in short supply, so people like Sy say the diff won't go up too madly, like 4000 by Jan, and we'd still as y'all said have the rigs to sell once we'd mined a few 'ltc'.
I'm in two minds now
edit: link re the diff: https://litecointalk.org/index.php?topic=9192.msg66172#msg66172
Top end gpus are in short supply, so people like Sy say the diff won't go up too madly, like 4000 by Jan, and we'd still as y'all said have the rigs to sell once we'd mined a few 'ltc'.
I'm in two minds now
edit: link re the diff: https://litecointalk.org/index.php?topic=9192.msg66172#msg66172
December 11, 2013, 12:42:52 PM
no doubt roi on the mining alone almost certainly won't happen in ltc terms but maybe it could in usd. but I am thinking you always can get 70 to 80 percent back on the pc/gpu aspect. so this would not ever really zero out . it is a different mindset to invest in this.
that is why I want 1 share at worst 2 or 3 if I get a r9-r12 buyout.
that is why I want 1 share at worst 2 or 3 if I get a r9-r12 buyout.
Great minds must think alike.
Its a hedge bet that LTC will increase in worth. The advantages of putting an investment towards something, in the worst case that, will only cover the 20-25% decrease in worth of the hardware itself seems like its worth the risk.
Trying to mine multiple coins based on profitability seems like a bad idea. This will result having several small amounts of different currency.
December 11, 2013, 12:00:39 PM
December 11, 2013, 11:27:03 AM
Yeah, guys I love you but the economics on this are way off unless LTC goes through the roof. Going to have to pass on this one.
well if it is 25 shares for a rig . you pay 12 bucks over head 300/25 if the share earns 50 bucks - 12 = 38 dollars back in 1 month . at todays difficulty . ltc does go up and down in diff. I won't decide until r9-r12 gets settled. if I get a buyout and divs I would buy a share here maybe 2. I am certainly liking r17 more. but remember this machine will sell for parts as it has great gpus inside of it. so it will have value even if all mining dies. when I cashed in all my pc gear I sold 21 gpu's for over 4k.
The problem is that it will be tough to get ROI on just the shares. You raise a good point the hardware itself in 6 months will be worth nearly 80% of their costs, because you can sell the hardware to just about anyone, and the hardware in question will still be top contenders in 6 months.
I just wish there was an easier LTC exchange to deal with the current options are pretty much horrible. The only reason I would take part, would be to bank some LTC, and then get some of the BTC back when the hardware is sold.
no doubt roi on the mining alone almost certainly won't happen in ltc terms but maybe it could in usd. but I am thinking you always can get 70 to 80 percent back on the pc/gpu aspect. so this would not ever really zero out . it is a different mindset to invest in this.
that is why I want 1 share at worst 2 or 3 if I get a r9-r12 buyout.
December 11, 2013, 10:15:25 AM
Have you considered using Multipool - always mine the most profitable coins?
Just wondering if it really makes a difference.
Just wondering if it really makes a difference.
December 11, 2013, 10:10:15 AM
Yeah, guys I love you but the economics on this are way off unless LTC goes through the roof. Going to have to pass on this one.
well if it is 25 shares for a rig . you pay 12 bucks over head 300/25 if the share earns 50 bucks - 12 = 38 dollars back in 1 month . at todays difficulty . ltc does go up and down in diff. I won't decide until r9-r12 gets settled. if I get a buyout and divs I would buy a share here maybe 2. I am certainly liking r17 more. but remember this machine will sell for parts as it has great gpus inside of it. so it will have value even if all mining dies. when I cashed in all my pc gear I sold 21 gpu's for over 4k.
The problem is that it will be tough to get ROI on just the shares. You raise a good point the hardware itself in 6 months will be worth nearly 80% of their costs, because you can sell the hardware to just about anyone, and the hardware in question will still be top contenders in 6 months.
I just wish there was an easier LTC exchange to deal with the current options are pretty much horrible. The only reason I would take part, would be to bank some LTC, and then get some of the BTC back when the hardware is sold.
December 11, 2013, 09:12:16 AM
Yeah, guys I love you but the economics on this are way off unless LTC goes through the roof. Going to have to pass on this one.
well if it is 25 shares for a rig . you pay 12 bucks over head 300/25 if the share earns 50 bucks - 12 = 38 dollars back in 1 month . at todays difficulty . ltc does go up and down in diff. I won't decide until r9-r12 gets settled. if I get a buyout and divs I would buy a share here maybe 2. I am certainly liking r17 more. but remember this machine will sell for parts as it has great gpus inside of it. so it will have value even if all mining dies. when I cashed in all my pc gear I sold 21 gpu's for over 4k.
December 11, 2013, 08:53:43 AM
Yeah, guys I love you but the economics on this are way off unless LTC goes through the roof. Going to have to pass on this one.
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