Starting Scrypt Mining (Buying rig - 2.0 lakhs) Help n Opinions needed.

Fernandez

legendary

Activity: 1008

Merit: 1000

Quote from: elavenil on March 14, 2014, 12:59:44 PM

why it is risky now? asic scrypt miners came out?

Yes

I haven't looked closely in these Scrypt Asics, but I remember what happened last year when ASICs came out, GPUs became immediately redundant for mining BTCs, and even the first few generation of ASICs couldn't give ROI.

I would personally hold of and see how the impact is before investing a large amount. It may actually be more beneficial to invest the money in buying coins directly instead of mining.

globalgaurav

full member

Activity: 199

Merit: 101

Quote from: jaideep1000 on March 16, 2014, 12:52:27 AM

But these chances don't always come along so I usually stick with multipool and invest a little bit in pbmining.

cool, i just started learning more about mining

i might have my cute little setup, soon Grin

devesh.g

newbie

Activity: 71

Merit: 0

I got 5 Sapphire R9 280x cards purchased in feb end, for sale! If interested let me know!

jaideep1000

full member

Activity: 194

Merit: 100

Yeah but some times you get lucky. For example when pandacoin first launched I mined it with only 640khash for 1 day and as soon as it hit an exchange I sold them for 0.08 btc.

So 0.08 btc in 1 day on 640khash is pretty good.
But these chances don't always come along so I usually stick with multipool and invest a little bit in pbmining.

taaku

full member

Activity: 145

Merit: 100

Quote from: jaideep1000 on March 11, 2014, 01:13:54 PM

Try mining newly released alt coins.
I usually do that as right now I only have about 1mhash and easily make around 0.06 btc in 2 days or so.

you can mine and later sell them but there is no guarantee abt the price... then there are multicoin pools who will take the juice out of a new coin and crash them harder..

elavenil

full member

Activity: 182

Merit: 100

why it is risky now? asic scrypt miners came out?

mozilafirefox

jr. member

Activity: 124

Merit: 1

Buying GPUs for mining now at current situation is way too risky, Atleaste IMHO.

amit2007gunjan

sr. member

Activity: 378

Merit: 250

Quote from: jaideep1000 on March 11, 2014, 01:13:54 PM

Try mining newly released alt coins.
I usually do that as right now I only have about 1mhash and easily make around 0.06 btc in 2 days or so.

Which new coin you are mining and which pool?

vikas

newbie

Activity: 56

Merit: 0

Alt coins like..... have no idea which coin to mine

jaideep1000

full member

Activity: 194

Merit: 100

Try mining newly released alt coins.
I usually do that as right now I only have about 1mhash and easily make around 0.06 btc in 2 days or so.

taaku

full member

Activity: 145

Merit: 100

Before you invest you need to look for ROI..
i myself invested around 1 Lakh with
2 R9 280x costing 55 K
PSU 12 K
RAM 8 GB 6 K
motherboard 11 K
processor +5 K
and some extras
currently earning in Rs. terms approx only 400 per day..that comes to 12 k per months...
So you need atleast 8 months to get back what you have invested ...And then you have revenue per day going down with asics coming down the line...

so unless you gamer and looking to play games also i do not seems its a good idea.

Better buy bitcoins when price is down by the year end it can go to 60,000 for 1 BTC which is now 36,000

anyone have better ideas??? i would like to hear myself also

Street Jammer

sr. member

Activity: 251

Merit: 250

I would suggest go with gridseed

Robinhood.hf

newbie

Activity: 69

Merit: 0

You can get in touch with me if you wanna buy anything related to mining RIG. I am a newbie but I might help you out :-)

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

I will be getting a few H81 soon will post it for sale once i get it.

It last one i had was sold last week on auction.

G K G

sr. member

Activity: 280

Merit: 250

all H81 boards are sold out
try the asrock z87 killer m/b, instead. It has 7 pci-e slots - 3- 16x and 4- 1x. and all the 16x are 3.0. It has 1 molex connection to support multiple cards. you can get it for 13k here,
You can order through newegg at 115$. I also found that it is difficult to find a cheap lga1150 processor here in india, so order it too from newegg for 60$.

manpreet.juneja

newbie

Activity: 3

Merit: 0

Hey all,

I'm planning to start Scrypt mining (LTC, DC, etc..), currently i'm looking to build a 6x GPU (280x) with H81 BTC board in Ahmedabad OR buy one if available. According to the calculations..it might cost around 1.8 - 2.0 Lakh INR.

I'd highly appreciate if I could get some insights from experienced miners on the following..

# Is mining still profitable?? (Yes, I've read a lot of articles on this..still looking for opinions)
# Is anybody interested in collaborating in the project or managing the project??
# Where to buy the parts??
# Any other opinions??

** (NOTE) Also..Anybody in Ahmedabad reading this..can we have a quick meetup??

Thanks,
Manpreet Juneja

Gimme a buzz if u wanna..7874072661

Topic: Starting Scrypt Mining (Buying rig - 2.0 lakhs) Help n Opinions needed. (Read 1345 times)