Cryptocoin Mining?

[BallaTheFeared]

Our rate is tiered between 6 cents to 8 cents, for any given month with the AC on it runs us about $120.

 

[Silverforce11]

At 1100/1700 I could do 650 kh/s.

I preferred 800/1500 because it was 500 kh/s each, so 1000kh/s @ 333 watts, which gave me decent kh/w.

Though with payout as it was, even 1500 kh/s @ 700w was giving more cash per week/month/year.

Damn that's a massive OC on core and vram. Didn't realize they go that high on the memory!

 

[BallaTheFeared]

1875 on the other card, same core. That one can mine 1250/1700 stable.

 

[harobikes333]

Hey guys, I live in ND and currently pay the following for electricity:
Rate:
Basic Service Charge: $0.35 per day

Energy Charge:
October – May:
First 750 Kwh per month 5.304¢ per Kwh
Over 750 Kwh per month 2.304¢ per Kwh
June – September: 5.304¢ per Kwh

I currently don't have a mining machine... would it be "worth" getting into? Just curious

I've looked into calculators.. but they're a bit over my head as I haven't read up too much on the whole mining process.

Electric Supplier : http://www.montana-dakota.com/docs/default-source/rates-tariffs/NDElectric10

 

[Silverforce11]

You're paying between 2.3 and 5.3 cents per kWh, that is ridiculously cheap to the point of being almost free compared to the rest of the world.

Yes its worth it. If you already have radeons, set them to work. Otherwise you can decide to invest $$ to buy coins or invest $$ to buy more radeons to mine, up to you to read into the pros and cons of each move.

 

[krnmastersgt]

So with the explosion of demand for 7950s and 7970s, I don't understand why there are still 7850s obtainable for ~$100-150. From a mining perspective they are more effective for the cost since a 7850 can mine around half the rate of a 7970 on average while costing a third to a fourth the cost. Granted I understand there's a power consumption trade-off but outfitting a 6 7850 mining rig would cost less than trying to grab 2 7970s and outmine them pretty readily.

I suppose the power costs are the big issue for a lot of people for this to be not a feasible mining rig?

Also I really regret not selling my 7970 for more than 350 (vapor-x ghz edition)

 

[pandemonium]

I'm struggling to believe that people are building GPU rigs now for mining this late in the game.

I guess it's better than everyone buying lottery tickets. >.<

 

[krnmastersgt]

I was never that into mining, tried doing it on the side but I sleep in the same room as my computer so that basically made it impossible, could be interesting on a water set-up due to noise and such. I was just curious why 1/3 price for 1/2 performance wasn't driving them out of stock on NE and TD when the 7970s are being bought at 2-30 times the cost for USED cards when these are brand spanking new ones.

I'm rather on the fence about what to do for my video card, was planning on an R9 290 but because of this Litecoin rush they're nearly impossible to get without a premium, BUT since the rush is about to crash and burn those are all going to hit the market as former miners and absolutely flood the supply making them super cheap. Buuuuuut I don't know if I want a former miner to be my primary card, most people here seem to balance their heat/power consumption so I'd be more inclined but I assume some people out there just brutalize their cards to get the few extra khashes/s meaning they might have done some pretty severe long term damage.

Also I think a mining rig is still a useful investment if you can afford to wait for the return and the spike in your electric bill, people are going to transition to some other crypto currency as a recurring fad for a while imo.

 

[Borealis7]

since it's now around 900$ per coin, is anyone here actually generating an income from BTCs?
how does that work for taxation purposes? you paying income tax while deducting the cost of electricity used to generate this income?

 

[Keysplayr]

I'm struggling to believe that people are building GPU rigs now for mining this late in the game.

I guess it's better than everyone buying lottery tickets. >.<

Struggling here as well. It's more efficient to just invest money and directly buy a bitcoin or Litecoin or Altcoin or Smurfcoin.

 

[SithSolo1]

I bought my 290 for a new build but the case hasn't arrived yet. At $0.05/kWh I might as well mine some instead of leaving it in the box.

 

[Silverforce11]

Struggling here as well. It's more efficient to just invest money and directly buy a bitcoin or Litecoin or Altcoin or Smurfcoin.

And more riskier.

R290s have value, its a great gaming card regardless of whether you use it to mine or not.

 

[holden j caufield]

I won't be doing this come late spring or summer. Already got a job but this was kind of fun and right now it's is so freaking cold even in socal that the machines are actually putting out heat that I would be paying to heat up the living room anyways.

 

[wand3r3r]

I though I'd test out WeMineLTC.com and followed the guide but haven't had any luck getting going. https://litecointalk.org/index.php/topic,7722.0.html

The GUI miner opened for a while (never worked though), now it just crashes. The CGminer crashes immediately - on the command line or using the BAT file.

This is with win 8.1, 13.1 WHQL, and SDK 2.8. Has anyone got it working with those directions?

 

[SithSolo1]

I'm using wemineltc atm. I loosely followed the guide but I'm running win 7 pro, Cata 13.11 9.5 beta, and didn't install the sdk. I also copied someone else's 290 script on their forum and slightly changed it. Cgminer will close almost instantly if the .bat isnt in the cgminer folder.

Edit: Oops, forgot to add that I'm also using cgmimer 3.7.2
Was mining at 826kh with a small core OC when I left for work this morning

 

[geokilla]

Left my client on overnight and woke up to find that my Command Prompt stopped displaying the mining data. CGWatcher froze too... I bet another driver crashed happened fml.

 

[philipma1957]

I have this sapphire
SAPPHIRE HD 7970 OC 3GB GDDR5

http://www.sapphiretech.com/presentation/product/?cid=1&gid=3&sgid=1157&pid=1463&lid=1


I can get 600 mh for btc easy.

I finally got ltc to work. but this card is hashing at 16-21kh. soo I have done something wrong.


so what cgminer and what catalyst should I be using with this??

I am signed up at wemineltc the guide said 13.1 cat and 3.5 cg that was instant crash. I got 13.4 cat and 3.5 to work at low hash I also got 13.4 and 3.7.2 to work at low hash. a little help from someone with this card.

I have windows 7 ultimate an asus maximus gene V mobo and an i5 3470 cpu

 

[taq8ojh]

Anyone figured out a way to have cgminer running on a card and use integrated GPU for desktop? I can't get this to work properly even with a dummy plug. I realized both cards were rendering the desktop despite the Radeon not being plugged anywhere, slowing down the real desktop significantly. I went to settings and set it to only display desktop on the integrated graphics, BUT at that moment half the options disappeared from CCC and cgminer stopped being able to monitor the card. WTF!

 

[n0x1ous]

I though I'd test out WeMineLTC.com and followed the guide but haven't had any luck getting going. https://litecointalk.org/index.php/topic,7722.0.html

The GUI miner opened for a while (never worked though), now it just crashes. The CGminer crashes immediately - on the command line or using the BAT file.

This is with win 8.1, 13.1 WHQL, and SDK 2.8. Has anyone got it working with those directions?

Their guide is good, but a couple helpful bits....use the latest 13.11 beta drivers and if you do, you DO NOT need the APP SDK at all! I am on 8.1 as well and its working solidly for me.

 

[IEC]

Estimated Next Difficulty 2892 in 0d 6hr 47m 39s

... and the drop in profitability looks to continue unabated.

 

[B-Riz]

I threw my hat in the ring; although I came to the party 5 minutes before everyone else left...

I always thought it was more complicated to setup, so I never tried it. My 7950 WF3 has been doing nothing except games now and then since I got it.

7950, 7850 and 7790 (in different boxes) are running GUI miner right now, everything seems to be chugging along ok, somewhere over 1000 kh/s right now combined.

 

[Erenhardt]

... and the drop in profitability looks to continue unabated.

It's less than 10%, looks like we are slowing down

 

[f1sherman]

... and the drop in profitability looks to continue unabated.

Pinging Imouto!

 

[KentState]

You're paying between 2.3 and 5.3 cents per kWh, that is ridiculously cheap to the point of being almost free compared to the rest of the world.

Yes its worth it. If you already have radeons, set them to work. Otherwise you can decide to invest $$ to buy coins or invest $$ to buy more radeons to mine, up to you to read into the pros and cons of each move.

You are in the same boat as me. I pay a little more (.07kWh), but typically use 750kWh a month during the fall and winter and double during the summer. We have an AMI meter and I was comparing charts from a day we were out of town to yesterday and the additional load may had $15/month at the most.

 

[nwo]

So with the explosion of demand for 7950s and 7970s, I don't understand why there are still 7850s obtainable for ~$100-150. From a mining perspective they are more effective for the cost since a 7850 can mine around half the rate of a 7970 on average while costing a third to a fourth the cost. Granted I understand there's a power consumption trade-off but outfitting a 6 7850 mining rig would cost less than trying to grab 2 7970s and outmine them pretty readily.

I suppose the power costs are the big issue for a lot of people for this to be not a feasible mining rig?

It's not necessarily the power cost (since 2x7850 is roughly equal to 1x7970 in power consumption) but the fact that a 7970 is a single card and you would need 2x 7850s to match its performance. Most motherboards have 2-4 PCI-e slots, although they go up to 7, so going with lower end cards means you would need to build more rigs.

Power costs are still not an issue for the majority of the population.