Try to make every £/$ you spend on none gpu items go as far as possible, so rather than putting two gpus on each rig, try getting a motherboard that supports 4+ gpus that way u spend alot less on mbo, cpu, ram, case and so on.
There are a couple of nice 6 pci slot mbos out there, but u will need raisers and more fans but thats cheap.
Topic: What kind of rig should I use for mining? (Read 2795 times)
Thanks for fast and best reply
I will try to assemble accordingly
as your best information howmany time could it take for ROI Ie. Todays price of Bitcoin is 700$
I will try to assemble accordingly
as your best information howmany time could it take for ROI Ie. Todays price of Bitcoin is 700$
You should not use this rig to mine BTC directly. That would take a long time (decades, I think), with the rising difficulty.
You should be mining scrypt based coins like LTC or others.
Take a look at any of the following links. Enter 2100 kHashes/sec in the scrypt textboxes, and they will give you an upper estimate of your earnings.
http://coinwarz.com
http://dustcoin.com
http://wheretomine.com/
http://coinchoose.com/
The value of these alt coins can be very volatile, so you may want to get familiar with these tables, and switching between coins when it increases your profitability. If you don't want to handle that manually, you can look into an auto-switching pool like http://middlecoin.com
Thanks for the information Guys,
In this price Mining is really Profitable.
I want to start a new mining rig with investment of 3K so anyone could recomend me specially Please
Thankyou
In this price Mining is really Profitable.
I want to start a new mining rig with investment of 3K so anyone could recomend me specially Please
Thankyou
With $3000, you can create a rig with 3 R9 280x GPUs. Check out this guide: http://www.cryptobadger.com/build-your-own-litecoin-mining-rig/
This rig should get you around 2.1 MHashes/s
Thanks for fast and best reply
I will try to assemble accordingly
as your best information howmany time could it take for ROI Ie. Todays price of Bitcoin is 700$
Thanks for the information Guys,
In this price Mining is really Profitable.
I want to start a new mining rig with investment of 3K so anyone could recomend me specially Please
Thankyou
In this price Mining is really Profitable.
I want to start a new mining rig with investment of 3K so anyone could recomend me specially Please
Thankyou
With $3000, you can create a rig with 3 R9 280x GPUs. Check out this guide: http://www.cryptobadger.com/build-your-own-litecoin-mining-rig/
This rig should get you around 2.1 MHashes/s
Thanks for the information Guys,
In this price Mining is really Profitable.
I want to start a new mining rig with investment of 3K so anyone could recomend me specially Please
Thankyou
In this price Mining is really Profitable.
I want to start a new mining rig with investment of 3K so anyone could recomend me specially Please
Thankyou
that's a complete different thing!
mining calculators, thegenesisblock, coinwarz etc. are giving you pool mining profitability calculation!
mining calculators, thegenesisblock, coinwarz etc. are giving you pool mining profitability calculation!
Unless you have alot of hashpower behind you dont solo mine, join a pool it will give u a better chance of completing a block.
Thanks for the quick replies guys. I just hope when I get all components and get eveything set up I can still make a profit, instead of paying too much to the electricity company. Of course I could use it to mine other cryptocoins
Just do good research on what hashing speed you will get and how much power it will cost you. An easy tool to see which coins are most profitable and at what cost, take a look at http://www.coinwarz.com/cryptocurrency
madjules007 do you know if coinwarz is telling you the profitability based on mining on your own or joining a pool?
It's based on Solo mining I believe.
are you crazy?
when you solo mine only thing you can mine is whole block! so calculation would be "time to mine block..."!!
so it's obviously pool mining calculation showed on http://www.coinwarz.com/cryptocurrency!!!!
Thanks for the quick replies guys. I just hope when I get all components and get eveything set up I can still make a profit, instead of paying too much to the electricity company. Of course I could use it to mine other cryptocoins
Just do good research on what hashing speed you will get and how much power it will cost you. An easy tool to see which coins are most profitable and at what cost, take a look at http://www.coinwarz.com/cryptocurrency
madjules007 do you know if coinwarz is telling you the profitability based on mining on your own or joining a pool?
It's based on Solo mining I believe.
Thanks for the quick replies guys. I just hope when I get all components and get eveything set up I can still make a profit, instead of paying too much to the electricity company. Of course I could use it to mine other cryptocoins
Just do good research on what hashing speed you will get and how much power it will cost you. An easy tool to see which coins are most profitable and at what cost, take a look at http://www.coinwarz.com/cryptocurrency
madjules007 do you know if coinwarz is telling you the profitability based on mining on your own or joining a pool?
None don't do it. Just buy and hold.
If everybody held their coins then BTC would no longer be used as a currency and would become worthless except for nostalgia hoarders.
Build a dogecoin rig or something of that nonsense. BTC ASICs will usually not repay their BTC investment although they might break even on fiat basis.
Agreed, people need to trade and use any of the BTC\Altcoins for them to have value. Just hoarding coins will never increase the price because what reason do people have to buy them otherwise.
None don't do it. Just buy and hold.
If everybody held their coins then BTC would no longer be used as a currency and would become worthless except for nostalgia hoarders.
Build a dogecoin rig or something of that nonsense. BTC ASICs will usually not repay their BTC investment although they might break even on fiat basis.
None don't do it. Just buy and hold.
Oh the voice of reason, that's the most profitable advice, but where is the fun and learning while playing with hardware? Stick just to scrypt coins, /snipped/ U can always start with 1 card and work up.
As the profit rolls in, invest those profits in new hardware - motherboards, GPUs, RAM, processors and drives, to get greater return or just to combat the rising difficulty.Switching to new (and lower difficulty) coins can mitigate the difficulty rise.
Stick just to scrypt coins, dont even look at btc and asics unless u want to spend some real big money. Under £600 can make an ok rig which on the right pools can return in less than a couple of months at the current markets.
I'm liking some of the new MBs with 6 PCI slots, best to run Linux to avoid the whole 4-5 GPU only bugs stuff. U can always start with 1 card and work up.
I'm liking some of the new MBs with 6 PCI slots, best to run Linux to avoid the whole 4-5 GPU only bugs stuff. U can always start with 1 card and work up.
Quote
computer with 2 or more amd radeon 7950s for scrypt mining:)
for alt coins this is probably going to be your entry key. Easy to expand and has a resale value should you want to sell up quickly.If you are looking at bitcoin or other SHA256 stuff, ASICs are the way forward, with all their ongoing problems with useful life and supply dates.
I agree with the others, scrypt mining with amd gpu's is a good bet, but getting some pre-order equipment from black arrow seems like a good bet as you can always sell the hardware on ebay for more than what you paid for most likely.
None don't do it. Just buy and hold.
computer with 2 or more amd radeon 7950s for scrypt mining:) if u buy asics then y have a larger risk of not getting ur investment back and not being able to sell ur miner for a good price. where as u could sell ur gpus for nearly the same price as u bought them 
Thanks for the quick replies guys. I just hope when I get all components and get eveything set up I can still make a profit, instead of paying too much to the electricity company. Of course I could use it to mine other cryptocoins
Just do good research on what hashing speed you will get and how much power it will cost you. An easy tool to see which coins are most profitable and at what cost, take a look at http://www.coinwarz.com/cryptocurrency
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