With 10k, a KNC miner seems like a good option. But since its still MONTHS out, ROI is not going to be as high as calculations right now seem. I'd probably:
1. Buy some of the gridseed "antminers", which do 5.2 mh/s @140w.
It might be gone, heres what I found: http://finance.yahoo.com/news/gridseed-blade-miner-available-preorder-161700851.html
2. Invest in coins that you see potential.
3. Buy rigs, you could buy 7 6 r9 270 rigs. I'd probably x11 as it seems to be the "next" algo.
Topic: What would you do with ~$10,000? (Read 2535 times)
Well i Would do 50% just investing in btc and the other 50% i would split it up again 25% for antminer s1 and 25% for scrypt mining.
Good Luck,
JT
Good Luck,
JT
I'd buy about 4 AntMiners.
The rest, I would buy GridSeeds and mine LTC/Doge.
Just me though.
The rest, I would buy GridSeeds and mine LTC/Doge.
Just me though.
Ive been researching the GridSeed and I have a general question. At 360 kh/s you will generate around 22.4 Lightcoin a year. Thats roughly $375 a year in USD. Are you guys speculative mining hoping LTC goes up in price over time? I don't see how much money can be made with these machines.
My apartment is just too hot from Antminers, so for me these gridseeds are great to mine and speculate in my favorite scrypt currencies (just for fun), but yes I'm long term bullish on BTC, LTC and DOGE... In any case, these only need 7watt each to run. For me that's much better than buying more gpus at this stage. For me at least, it was easy because I just sold my 290s (which were already paid for) and reinvested the same in gridseeds for an almost equivalent amount of hash at much less power (and heat generated). Starting from scratch, I can see how this may take longer to ROI now but if prices go up, it will be quicker (that's my long term thesis as virtual currencies gain wider adoption)
People throw away more at a poker table in Vegas and maybe that has better odds... this to me is a hobby and a way to stay involved in this still nascent area... You'll need to figure out where your motivation lies. The area is ripe for entreneurship. If you really want to make money, think of new ideas and build interesting products and services around that that will some day change people's lives.
If I had a spare $10k to invest today, I'll probably split like below
$6000 to outright buy BTC
$2000 to pick up 3 (maybe 4 if you try to get a used one) Antminers S1 - these will most probably hit ROI and then some. Once you set them, its pretty much all done. I will probably just restart them once a week but other than that, they don't need any intervention from me.
$2000 to pick up about 10x Gridseeds, giving you 3.6MH for scrypt at about 70 watt total power consumption. Mine DOGE and LTC. If they go up, you'll reach ROI much quicker.
$6000 to outright buy BTC
$2000 to pick up 3 (maybe 4 if you try to get a used one) Antminers S1 - these will most probably hit ROI and then some. Once you set them, its pretty much all done. I will probably just restart them once a week but other than that, they don't need any intervention from me.
$2000 to pick up about 10x Gridseeds, giving you 3.6MH for scrypt at about 70 watt total power consumption. Mine DOGE and LTC. If they go up, you'll reach ROI much quicker.
I'd buy about 4 AntMiners.
The rest, I would buy GridSeeds and mine LTC/Doge.
Just me though.
The rest, I would buy GridSeeds and mine LTC/Doge.
Just me though.
Ive been researching the GridSeed and I have a general question. At 360 kh/s you will generate around 22.4 Lightcoin a year. Thats roughly $375 a year in USD. Are you guys speculative mining hoping LTC goes up in price over time? I don't see how much money can be made with these machines.
I'd buy about 4 AntMiners.
The rest, I would buy GridSeeds and mine LTC/Doge.
Just me though.
The rest, I would buy GridSeeds and mine LTC/Doge.
Just me though.
Hi all:
Sorry I was away for a bit, day job got a bit mental! but back now.
So yes as someone has posted, we decided to buy 6 x R9 270 (non-X), these cost £844
PSU, Mobo, Processor for about £250
Risers were about £70
Some metal bits in my shed to build a DIY style Chassis £0
The risers were unexpectedly more expensive than first thought.
I would say these are pretty standard prices in the UK.
...and guess what... we forgot a switch to turn the thing on and off!! Hopefully get that tomorrow and I'll post a pic of this rig.
I can't wait to buy this switch and find the time tomorrow to build it.
Any a advice where to test the rig on? I've used coinmine.pw and multipool.us on my PC with low Khs but I'm wondering if there is a better option?
Thx
Sorry I was away for a bit, day job got a bit mental! but back now.
So yes as someone has posted, we decided to buy 6 x R9 270 (non-X), these cost £844
PSU, Mobo, Processor for about £250
Risers were about £70
Some metal bits in my shed to build a DIY style Chassis £0
The risers were unexpectedly more expensive than first thought.
I would say these are pretty standard prices in the UK.
...and guess what... we forgot a switch to turn the thing on and off!! Hopefully get that tomorrow and I'll post a pic of this rig.
I can't wait to buy this switch and find the time tomorrow to build it.
Any a advice where to test the rig on? I've used coinmine.pw and multipool.us on my PC with low Khs but I'm wondering if there is a better option?
Thx
Have fun building the rig. If everything goes to plan it's fun. When blank screens pop up your pull your hair out.
Buy coins with the rest of the $ since coins a relatively cheap right now.
Hi all:
Sorry I was away for a bit, day job got a bit mental! but back now.
So yes as someone has posted, we decided to buy 6 x R9 270 (non-X), these cost £844
PSU, Mobo, Processor for about £250
Risers were about £70
Some metal bits in my shed to build a DIY style Chassis £0
The risers were unexpectedly more expensive than first thought.
I would say these are pretty standard prices in the UK.
...and guess what... we forgot a switch to turn the thing on and off!! Hopefully get that tomorrow and I'll post a pic of this rig.
I can't wait to buy this switch and find the time tomorrow to build it.
Any a advice where to test the rig on? I've used coinmine.pw and multipool.us on my PC with low Khs but I'm wondering if there is a better option?
Thx
Sorry I was away for a bit, day job got a bit mental! but back now.
So yes as someone has posted, we decided to buy 6 x R9 270 (non-X), these cost £844
PSU, Mobo, Processor for about £250
Risers were about £70
Some metal bits in my shed to build a DIY style Chassis £0
The risers were unexpectedly more expensive than first thought.
I would say these are pretty standard prices in the UK.
...and guess what... we forgot a switch to turn the thing on and off!! Hopefully get that tomorrow and I'll post a pic of this rig.
I can't wait to buy this switch and find the time tomorrow to build it.
Any a advice where to test the rig on? I've used coinmine.pw and multipool.us on my PC with low Khs but I'm wondering if there is a better option?
Thx
At **these** prices I'd say to just buy bitcoin.
Buy bitcoin as it is low price now and then invest them on cex.io 
. you get bitcoin while you holding bitcoin !
. you get bitcoin while you holding bitcoin !
Correct, I do not have anything but the manuf warranty on my items and my homeowners, which has a $250 deductible on computers.
I built my 6x R9 270 Last week for $1762.91 exactly. And its pushing 2.68 MH/s
I also picked up 4x ASUS 280x @ $320/ea for my new rig to keep at work. If you are patient you can find the deals. I just have to wait another 2 weeks before they arrive.
When they are in stock 270(non-X) go for $190-210. That's only $1200 for a 420-460 KH/s card.. Just sayin...
I also picked up 4x ASUS 280x @ $320/ea for my new rig to keep at work. If you are patient you can find the deals. I just have to wait another 2 weeks before they arrive.
When they are in stock 270(non-X) go for $190-210. That's only $1200 for a 420-460 KH/s card.. Just sayin...
I'm sure you're right, that there are better deals out there if you're patient and persistent. Just keep in mind that time is money, or about $15-20 USD/day currently.
Edit: I also doubt you have the same warranty benefits. The Tiger Direct square trade warranty is a miner's wet dream. My rig is a true zero-risk investment.
I built my 6x R9 270 Last week for $1762.91 exactly. And its pushing 2.68 MH/s
I also picked up 4x ASUS 280x @ $320/ea for my new rig to keep at work. If you are patient you can find the deals. I just have to wait another 2 weeks before they arrive.
When they are in stock 270(non-X) go for $190-210. That's only $1200 for a 420-460 KH/s card.. Just sayin...
I also picked up 4x ASUS 280x @ $320/ea for my new rig to keep at work. If you are patient you can find the deals. I just have to wait another 2 weeks before they arrive.
When they are in stock 270(non-X) go for $190-210. That's only $1200 for a 420-460 KH/s card.. Just sayin...
Either buy a KNC miner or build a scrypt mining rig. With 10 grand you probably can build a good one.
Thanks. Yes we decided to build a scrypt mining rig. Parts ordered and should arrive soon.
To get started our first rig will cost about £1,100 ($1,800). That'll get us to about 2.7Mh/s and energy usage of about 990watts.
Hope to do a 2 week test and then invest the rest into more rigs. (farm)
Out of interest what sort of £/$/btc/ltc per day per Mh/s would you aim for?
So far I am seeing references to about 5.5USD per day per Mh/s but hoping to hit about 8.
$1800 USD for 2.7 mh/s at 990W?
Please direct me to your supplier!
Your talking 2k in gpus alone? I want your supplier too! Only way to get close to this would be 3 heavily OC'd R9 290x's. It will use closer to 1300 watts and you still have to buy the rest of the components to build the rig.
Exactly. I priced out a 2.9 mh/s scrypt rig with a 4-year square trade warranty through Tiger Direct (IMO, this warranty is absolutely essential for minimizing risk) for $3600, though this includes installation costs which I could save on by building it myself. This is one of the most cost-efficient solutions I know of. And, I repeat, that warranty is essential!!
Either buy a KNC miner or build a scrypt mining rig. With 10 grand you probably can build a good one.
Thanks. Yes we decided to build a scrypt mining rig. Parts ordered and should arrive soon.
To get started our first rig will cost about £1,100 ($1,800). That'll get us to about 2.7Mh/s and energy usage of about 990watts.
Hope to do a 2 week test and then invest the rest into more rigs. (farm)
Out of interest what sort of £/$/btc/ltc per day per Mh/s would you aim for?
So far I am seeing references to about 5.5USD per day per Mh/s but hoping to hit about 8.
$1800 USD for 2.7 mh/s at 990W?
Please direct me to your supplier!
Your talking 2k in gpus alone? I want your supplier too! Only way to get close to this would be 3 heavily OC'd R9 290x's. It will use closer to 1300 watts and you still have to buy the rest of the components to build the rig.
I would use 50-70% to buy BTC, the rest to buy miners
Either buy a KNC miner or build a scrypt mining rig. With 10 grand you probably can build a good one.
Thanks. Yes we decided to build a scrypt mining rig. Parts ordered and should arrive soon.
To get started our first rig will cost about £1,100 ($1,800). That'll get us to about 2.7Mh/s and energy usage of about 990watts.
Hope to do a 2 week test and then invest the rest into more rigs. (farm)
Out of interest what sort of £/$/btc/ltc per day per Mh/s would you aim for?
So far I am seeing references to about 5.5USD per day per Mh/s but hoping to hit about 8.
$1800 USD for 2.7 mh/s at 990W?
Please direct me to your supplier!
Either buy a KNC miner or build a scrypt mining rig. With 10 grand you probably can build a good one.
Thanks. Yes we decided to build a scrypt mining rig. Parts ordered and should arrive soon.
To get started our first rig will cost about £1,100 ($1,800). That'll get us to about 2.7Mh/s and energy usage of about 990watts.
Hope to do a 2 week test and then invest the rest into more rigs. (farm)
Out of interest what sort of £/$/btc/ltc per day per Mh/s would you aim for?
So far I am seeing references to about 5.5USD per day per Mh/s but hoping to hit about 8.
Scrypt farm. Go from there
+1
If you have $10,000 to invest and can afford to sacrifice the liquidity, scrypt rigs are, in my opinion, one of the safest ways to invest in digital currency right now. The components act as a solid hedge on your investment, and ROI times are ridiculously appealing at present. Basically, as long as the current value of scrypt coins remains relatively stable for 1-2+ months, you should be able to meet 100% ROI when taking into account the resale value of your hardware. If prices remain stable for ~4-6 months, you'll have recouped your investment solely through mining profits and would have the option to continue mining and potentially scale-up your mining operation, or sell your hardware for profit.
Scrypt farm. Go from there
Jump to: