Cryptocoin Mining?

[24601]

I hope Maxwell will have the integer FMA so that I can switch over to Nvidia cards @ 20nm o.o (Or they might release Maxwell @ 28nm, don't know for sure)

Nvidia should know that a massive amount of AMD/ATi's sales of their high end cards are for Scrypt mining.

 

[IEC]

It's true... that's what all the 7950s I just bought off Newegg today (Powercolor PCS+ 7950s @ $161.99 AC) are going towards...

 

[24601]

It's true... that's what all the 7950s I just bought off Newegg today (Powercolor PCS+ 7950s @ $161.99 AC) are going towards...

You're pretty lucky, it looks like they literally sold out of all their non-terribad cards today (and some of their terribad ones)

http://www.newegg.com/Product/Produc...E&Pagesize=100

Only a single fan (not blower) Visiontek left, and for 309 USD (+shipping), lulz.

 

[nwo]

This is a decent guide:
https://forum.litecoin.net/index.php/topic,7722.0.html

You can avoid the pain of downloading and setting up a litecoin wallet if you use BTC-e as your exchange and send your litecoins directly there, though I don't really recommend it.

Cool, thanks.

Is there a LTC spreadsheet or does the BTC spreadsheet apply to LTC as well?

 

[Silverforce11]

Going to get CF R290 NOW! These babies pay for themselves so fast its a no brainer.

 

[24601]

Going to get CF R290 NOW! These babies pay for themselves so fast its a no brainer.

Still trying to convince myself to do the same, but I don't think I can power 4 of them on my breaker o.o;; (not to mention probably needing a better PSU)

I already have 1 7970 out of commission, once the first 290 comes tomorrow (hopefully) I will have 2 7970s out of commission.

No clue how I'm gunna fit an Nvidia card in when G-Sync comes out now o.o;;

 

[AnonymouseUser]

Everyone and their brother will be mining LTC, so the difficulty will spike. Fewer coins mined per day = less profit.

Current Difficulty 1522.6087795
Estimated Next Difficulty 1680 in 2d 14hr 17m 19s

:\

 

[24601]

Everyone and their brother will be mining LTC, so the difficulty will spike. Fewer coins mined per day = less profit.



:\

I'm already up 13k USD.
Even if I wasted 400x4+400 for 4x 290 + an awesome PSU I would still be in the black for a ways.

Selling my current cards will be annoying though.

 

[Silverforce11]

Just got it, installed and running.

PSU is gonna get some tough love soon heh. Can't wait any longer for custom cards..

later will throw a water loop on these. but first, time to mint LTC/$$.

 

[blastingcap]

Everyone and their brother will be mining LTC, so the difficulty will spike. Fewer coins mined per day = less profit.

:\

You guys keep bragging about it, what do you expect is going to happen? Some people don't know when to stop talking.

 

[AnonymouseUser]

You guys keep bragging about it, what do you expect is going to happen? Some people don't know when to stop talking.

I've been telling people to buy it instead of mining it.

 

[24601]

You guys keep bragging about it, what do you expect is going to happen? Some people don't know when to stop talking.

I'm not delusional enough to think my words carry that much weight .

Current Global LTC Hash Rate is 51,181,019 kH/s

That's approximately 85,000 7950s hashing at 600 kH/s worth.

LTC doesn't exactly have a small mining base anymore.

If anything we're just propping up AMD/ATi's profits

I've been telling people to buy it instead of mining it.

But yes, as everyone has been saying, just buying the coins has always been more profitable.

 

[Silverforce11]

Well I was going to pop $2000 on buying coins other day but figured by the time my bank transfers into my BTC-E account, it will be about 5 days later.. prices would go up (it did, massively) and I would get fewer coins for my investment.

So, buying 2x R290, I can get a lot of coins and hold it, a lot until the difficulty jumps up. All else, I still have the hardware which is an awesome gaming card.

Edit: For those who want to know, reference R290 in CF throttles clockspeed while mining LTC but not gaming. It drops to around 750mhz core clock while mining after hitting 95C. Thats with a fan cap of 47%.

It needs either a change of TIM or higher fanspeed.. or a waterloop.

 

[24601]

Well I was going to pop $2000 on buying coins other day but figured by the time my bank transfers into my BTC-E account, it will be about 5 days later.. prices would go up (it did, massively) and I would get fewer coins for my investment.

So, buying 2x R290, I can get a lot of coins and hold it, a lot until the difficulty jumps up. All else, I still have the hardware which is an awesome gaming card.

Edit: For those who want to know, reference R290 in CF throttles clockspeed while mining LTC but not gaming. It drops to around 750mhz core clock while mining after hitting 95C. Thats with a fan cap of 47%.

It needs either a change of TIM or higher fanspeed.. or a waterloop.

Not surprising, as Litecoin mining is a real load. Set the fan to 100% and see how high it will stabilize at (the driver auto-adjusting the core speed and fan speed) with +50% powertune limit. Beware your hearing though .

 

[Silverforce11]

Fan speed of 65% and clockspeeds stabilize. Any less and it throttles. Its freaken noisy at 65% though, jet engine. 47% is very tolerable.

 

[24601]

Fan speed of 65% and clockspeeds stabilize. Any less and it throttles. Its freaken noisy at 65% though, jet engine. 47% is very tolerable.

Looks like I'm definitely heading for hearing loss :\

 

[Silverforce11]

These suckers are fine sitting in the garage mining at 65% fan speed.. but not at my desk when im working..

Gonna get a custom waterloop for them. Not really for LTC mining but later for gaming too when maybe a year from now, ASICs spoil the fun of GPU mining. Hoarding coins and holding.

 

[suklee]

https://en.bitcoin.it/wiki/Mining_hardware_comparison

Lists CPUs and GPUs.

I don't quite understand how to make sense of that link... what would be a good bang for buck AMD card these days for a new LTC miner, a 7970 or go for one of the new R9s? (this rig has an Nvidia 560Ti currently)

edit: for my rig in sig, would it be worthwhile to go from a 7970 to 290X?

 

[OCGuy]

Everyone and their brother will be mining LTC, so the difficulty will spike. Fewer coins mined per day = less profit.

:\

A rather short-sighted view......

Notoriety/participation is what makes the coins you do mine appreciate.

 

[Shmee]

it seems to me that the value of the coin is increasing faster than mining difficulty, seems like a good time to be in. I am. just need to find better settings for 290x.

 

[BallaTheFeared]

I have 103 LTC in my wallet, everyone said it was a bad idea to mine LTC over BTC... However based on the diff I would have mined ~3 BTC in the time I mined 103 (actually 108, I have 5 coins on my BTC-E account I forgot about when I converted my initial BTC to LTC).

BTC @ 1K x3 = $3000 vs LTC $48 x 108 = $5,100

While not bad for $660 invested by me, not including roughly $50 in total power consumption... Take that $660 + $50 and buy $710 worth of LTC for $2.5 which is what it was trading at when I started.

Instead of smoking my BTC output and looking great I would have been looking at $34k right now, and they were down to $1.50 for a time after I stopped mining to game...

Point is, yeah it's cool I can cash out my 5.2 coins on BTC-e right now which was worth $13 seven months ago for $250... However mining has always been stupid unless you're a poor kid, the real money has been in buying low, selling high and still is.

 

[Silverforce11]

Everyone knows to buy low and sell high, its not an amazing principle. The point is not many are willing nor in a position to take on risk, however small it may be. ofc, no risk no reward right?

But, if you get a few GPUs to mine when you're at work, sleeping, etc, its contributing and pays for itself. it may even make a hefty profit down the road, enabling you to upgrade to an awesome rig basically for free, with money left over. in your case, 103 LTC is worth a lot more than ZERO if you had not mined. heck, who knows by next years end, they could be $1,000 each and hey presto, you just got yourself 100K.. all from your 7950s, a tiny investment that runs your games too.

I have my 7950 and 2 R290 mining, its on track to make me a lot of coins. When the mining phase is obsolete due to future ASICs, it would have already hoarded me a mass of coins and easily paid for itself.

 

[philipma1957]

Everyone knows to buy low and sell high, its not an amazing principle. The point is not many are willing nor in a position to take on risk, however small it may be. ofc, no risk no reward right?

But, if you get a few GPUs to mine when you're at work, sleeping, etc, its contributing and pays for itself. it may even make a hefty profit down the road, enabling you to upgrade to an awesome rig basically for free, with money left over. in your case, 103 LTC is worth a lot more than ZERO if you had not mined. heck, who knows by next years end, they could be $1,000 each and hey presto, you just got yourself 100K.. all from your 7950s, a tiny investment that runs your games too.

I have my 7950 and 2 R290 mining, its on track to make me a lot of coins. When the mining phase is obsolete due to future ASICs, it would have already hoarded me a mass of coins and easily paid for itself.

yep with gpu mining you have a no risk less gain certainty .

spend a few hundred and make a thousand.

or sell the card if the coins tank.

 

[Silverforce11]

@Balla, realistically, if you have a full time job and kids and only able to game 2hrs a day on your awesome l33t rig.. its sitting there idling doing jack all. Instead, at current rates and a modest 2000 kHa/s, its on track to print 40 coins a month. Who knows where the coin prices go to. But its nice to have a few hundred coins in your wallet once GPU mining is no longer worthwhile, rather than zero. Plus, you now have an awesome rig for gaming for when you do have time to play.

I mean it aint like the R290 is a bad gaming card for the price to start with.

 

[Shmee]

hmm, looks like 1 LTC = almost $48 now. Even though I only have about 1 right now, it seems like ~$45 and rising is a good amount of money for starters, considering I have little income atm.