LTC <-> BTC market is very illiquid.
It has enough liquidity for someone only mining a couple hundred LTC a day... large scale operations will probably find it hard not to disrupt the market price.
Topic: Which Card Has The Fastest ROI? - page 4. (Read 7082 times)
It has enough liquidity for someone only mining a couple hundred LTC a day... large scale operations will probably find it hard not to disrupt the market price.
did Satoshi Nakomoto predict companies customizing hardware that will outhash the average person's GPU and thus turn the people holding bitcoin into large capital surplused institutions?
He'd be pretty naive if he didn't foresee a future where people would strive for better performance and faster hash rates, or at the least improvements in efficiency.
After all FPGA's and ASIC have been used for exactly that in many other similar industries since they were first designed, to do relatively simple tasks ridiculously fast, that were once done by CPU's, sometimes even entire server farms of computers.
I doubt anyone expected it to happen this fast of course, from it's early days around when he disappeared.
did Satoshi Nakomoto predict companies customizing hardware that will outhash the average person's GPU and thus turn the people holding bitcoin into large capital surplused institutions?
Will you get your money back JUST from mining.. NOPE
Will you get your money back from mining AND from selling the card again in a few months for almost what you paid for it with a few extra dollars on the side.. probably..
Will you get your money back from mining AND from selling the card again in a few months for almost what you paid for it with a few extra dollars on the side.. probably..
LTC <-> BTC market is very illiquid.
It really doesn't look like the right moment to get a 7970 exclusively for mining right now, unless you can get it for very cheap.
It really doesn't look like the right moment to get a 7970 exclusively for mining right now, unless you can get it for very cheap.
I just bought a bunch of 7950s to mine. As soon as the difficulty goes high enough they will be switched from BTC to LTC. I'm not worried.
this. And no one knows a) what the halving will do to price; and b) when ASIC will come on the scene.
If the great halving makes price = price * .5 AND asic enter in January.... Well, the answer to your question is summarized here:
Quote from: Harry_Callahan
you've got to ask yourself one question: Do I feel lucky? Well, do ya...
so is it a good or bad idea to buy a 7970 now?
i don't want to use it for gaming only mining..
i don't want to use it for gaming only mining..
If its mining only, then it is a bad idea. Full stop.
I just bought a bunch of 7950s to mine. As soon as the difficulty goes high enough they will be switched from BTC to LTC. I'm not worried.
Just to make sure it's repeated enough times.
If you are not a gamer (you stated this). Don't invest in GPU's now, it's too late, difficulty is rising to levels that only ASIC's and only for a short period FPGA's are affordable and will give any decent ROI.
A GPU's only ROI is what you can resell it for, not for mining over the next 2 months. Considering any GPU bought now will only lower in price when it comes to reselling it, it's going to be a either going to be a lose overall or break even even after 2 months of mining.
If you are not a gamer (you stated this). Don't invest in GPU's now, it's too late, difficulty is rising to levels that only ASIC's and only for a short period FPGA's are affordable and will give any decent ROI.
A GPU's only ROI is what you can resell it for, not for mining over the next 2 months. Considering any GPU bought now will only lower in price when it comes to reselling it, it's going to be a either going to be a lose overall or break even even after 2 months of mining.
I can only see one way to possibly make any money with GPUs in a 2 month time span:
Quote
If you wanna buy a used one now, I think they're going for like $350. You could pick up a used one, mine for 2-3 months (maybe make 20BTC), and then sell it around Christmas time for ~300. Still a net profit in a 3 month timespan.
Just to make sure it's repeated enough times.
If you are not a gamer (you stated this). Don't invest in GPU's now, it's too late, difficulty is rising to levels that only ASIC's and only for a short period FPGA's are affordable and will give any decent ROI.
A GPU's only ROI is what you can resell it for, not for mining over the next 2 months. Considering any GPU bought now will only lower in price when it comes to reselling it, it's going to be a either going to be a lose overall or break even even after 2 months of mining.
If you are not a gamer (you stated this). Don't invest in GPU's now, it's too late, difficulty is rising to levels that only ASIC's and only for a short period FPGA's are affordable and will give any decent ROI.
A GPU's only ROI is what you can resell it for, not for mining over the next 2 months. Considering any GPU bought now will only lower in price when it comes to reselling it, it's going to be a either going to be a lose overall or break even even after 2 months of mining.
so is it a good or bad idea to buy a 7970 now?
i don't want to use it for gaming only mining..
i don't want to use it for gaming only mining..
If its mining only, then it is a bad idea. Full stop.
I got a single 7970, and I put all my money into ASICs. I hate only mining at 700Mh/s, but I also game, so I love (LOVE) the 7970.
If I didn't game, I prolly wouldn't of even gotten the card. 6 months ago, you could have made your money back, but not now.
If you wanna buy a used one now, I think they're going for like $350. You could pick up a used one, mine for 2-3 months (maybe make 20BTC), and then sell it around Christmas time for ~300. Still a net profit in a 3 month timespan.
If I didn't game, I prolly wouldn't of even gotten the card. 6 months ago, you could have made your money back, but not now.
If you wanna buy a used one now, I think they're going for like $350. You could pick up a used one, mine for 2-3 months (maybe make 20BTC), and then sell it around Christmas time for ~300. Still a net profit in a 3 month timespan.
so is it a good or bad idea to buy a 7970 now?
i don't want to use it for gaming only mining..
i don't want to use it for gaming only mining..
isn't there a way to make at least 1.5 BTC per day with a 7970
Nope. My 7970 runs at 1080MHz, and I get 695Mh/s.
so is there any way to get back my ROI on a 7970 in 2 month's?
Even with Free power, Not gonna happen.
isn't there a way to make at least 1.5 BTC per day with a 7970
Nope. My 7970 runs at 1080MHz, and I get 695Mh/s.
so is there any way to get back my ROI on a 7970 in 2 month's?
Extremely unlikely. Look at the difficulty graph:
isn't there a way to make at least 1.5 BTC per day with a 7970
Nope. My 7970 runs at 1080MHz, and I get 695Mh/s.
so is there any way to get back my ROI on a 7970 in 2 month's?
Very likely that you never recoup your cost if you buy a GPU now.
isn't there a way to make at least 1.5 BTC per day with a 7970
Nope. My 7970 runs at 1080MHz, and I get 695Mh/s.
isn't there a way to make at least 1.5 BTC per day with a 7970
No. 1.5btc/day is about 4GH. Watercooled 7970 might do 750MH.
isn't there a way to make at least 1.5 BTC per day with a 7970
Perhaps a couple of new 6770's ($89 refurb, $99 new at newegg) overclocked to 1010mhz should give you about 450mhash. Safter than rolling the dice on used cards.
Jump to: