Cryptocoin Mining?

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Nged72

Member
Jan 25, 2011
131
0
71
Alright, If I wanted to build a mining PC to leave run all day...

How much would a good one cost and how long (average w/ the current coin prices) would it take to pay off?
 

Nged72

Member
Jan 25, 2011
131
0
71
Alright, If I wanted to build a mining PC to leave run all day...

How much would a good one cost and how long (average w/ the current coin prices) would it take to pay off?

Or is now a horrible time to do so? (just bought a 780 Classy for my Gaming Rig)
 

Dr. Zaus

Lifer
Oct 16, 2008
11,764
347
126

Nged72

Member
Jan 25, 2011
131
0
71

Attic

Diamond Member
Jan 9, 2010
4,282
2
76
Alright, If I wanted to build a mining PC to leave run all day...

How much would a good one cost and how long (average w/ the current coin prices) would it take to pay off?

Or is now a horrible time to do so? (just bought a 780 Classy for my Gaming Rig)

For it to be worthwhile i'd reccomend considering how much $$$ you are willing to risk.

It will take $1500-$2500 to build a miner that can do ~3mh/s and 3mh/s can get you ~0.03btc per day without too much trouble. Build yourself and don't do it in case.



Bitcoin looks like there is a lot of selling with intent going on. The punishing sells have been consistent for multiple weeks now at what I consider consistent levels and determined price points. Large dumps, to me it looks like intent to drive down price. Combined with selective reporting in the media, i'd have my concerns about near term viability of putting money into going long BTC either buy mining or investing direct in the coin. I hope that the sells are distributing the coin to more hands rather than doing back and forth dumps between malicious parties.

I think we have to test back down much lower, sub $100, before and if BTC ever see's $1000 again. Though based on what BTC offers (or what an alt can add) I think crypto will weather the storm.
 

Nged72

Member
Jan 25, 2011
131
0
71
Can anyone one of ya'll build a "reasonably" priced machine to mine with (PCPartpicker)? (college student ;D)

Not saying I'll buy it just curious what one looks like.
 
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chimaxi83

Diamond Member
May 18, 2003
5,456
61
101
Can anyone one of ya'll build a "reasonably" priced machine to mine with (PCPartpicker)? (college student ;D)

Not saying I'll buy it just curious what one looks like.

Define "reasonably" and "college student" budget. You're asking someone to take a good portion of time for you, when you've provided zero input to help. There is a thread with a template you can fill out, and in return you will get help with building a computer.

FWIW, "reasonably" priced, on what I'm assuming is a broke college students budget, makes little to zero sense anymore. I guess you can build something cheap and mine a few Doge or whatever other alt-coin you feel like, but it'll only be for fun.
 

x3sphere

Senior member
Jul 22, 2009
722
24
81
www.exophase.com
I think we have to test back down much lower, sub $100, before and if BTC ever see's $1000 again. Though based on what BTC offers (or what an alt can add) I think crypto will weather the storm.

I doubt we test $100 again, Bitcoin has gotten way too much attention at this point to go back down that low, plus all the merchant adoption going on. I'm not saying it couldn't happen, but it just seems very unlikely.

If we do dip further down, mid $300s is my guess. Then up from there.
 

geokilla

Platinum Member
Oct 14, 2006
2,012
3
81
Where can one buy BTC now? At those 6 sites? I only have CAD and I see there's a site called Canadian Virtual Exchange.

LTC is at $13. I think I'd be happier buying LTC than BTC...
 
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slashbinslashbash

Golden Member
Feb 29, 2004
1,945
8
81
Can anyone one of ya'll build a "reasonably" priced machine to mine with (PCPartpicker)? (college student ;D)

Not saying I'll buy it just curious what one looks like.

*Mobo with as many PCI-E X16 sized slots as possible (do not all need to be electrically X16), X1 is handy too for use with risers
*CPU and 2-4GB of RAM to be compatible with mobo
*As many Radeon 7870's, 280/X's, 290X's as you care to purchase and will fit in the mobo. (See note below on GPU's) 4 or 5 seems to be a practical limit in Windows based systems. Obviously spacing issues happen with the dual-slot sized cards, so you have to use risers (extension cables, basically) to connect the PCI-E slots to the cards.
*Nice power supply to power it all. Figure 150W for all other components + 300W per GPU. (Could be more or less, just round figures) If you have more than 2 or 3 GPU's in a system, you probably will need to have 2 power supplies.
*Any sized HDD/SSD. Some people have been going super cheap with like 32GB SSD's to run mining Linux mining.

GPU note: 7870's, 280 and 290 series are the only ones taken really seriously by miners for dedicated rigs... maybe 270 as well, since 280 and 290 have gotten so expensive. But you can start mining with any 6-series or higher AMD GPU.... (actually 5-series work as well) I started with a 7790 (same GPU as 260X) and it actually gets great hashes for the dollar. I paid like $90 for it, and it performs like roughly 40% of a 280X. (Which makes sense, since it has 896 shaders to 2048 on the 280X.) And of course a card like a 7790, 260X, 265, 270X will work in practically any PC (lower power requirements) with a fairly low dollar investment.

Oh, and NVIDIA cards are catching on. People are making improvements to cudaminer, and IMHO more improvements are likely. I do not think there is an inherent advantage to AMD cards; they just happened to be easier to program for mining purposes, so that was the first thing that developers came out with. Now that the AMD cards are so expensive/rare in retail channels, developers are turning towards NVIDIA and I think we will see some real improvements/tuning of the mining software. So any high-end NVIDIA card would work; and the new 250 Ti is extremely power efficient, so it may be a good place to start, especially considering that is it relatively cheap. Of course, this is more speculative than the AMD cards, so probably not the best place to start.

Basically, if you have all component parts of a desktop computer already, you can get into mining by just purchasing a GPU or two. If you start from scratch by spending money for a new dedicated mining motherboard, CPU, etc. then it makes sense to maximize that investment by using as many GPU's as it will handle.

You could seriously take an old, <$200 (today's used market price) Core 2 Duo system and put a 280X in it for a pretty solid little miner. (That's all that I have.)
 

Subyman

Moderator <br> VC&G Forum
Mar 18, 2005
7,876
32
86
BTC trading is like a bunch of sheep following each other around. It is no surprise Mt Gox is closing (good riddance), yet people trade like its the end times. Wonder how low it'll go.
 

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,440
5,429
136
Looks like it's bottomed out and rebounding, at least short term.

Wouldn't count on it yet but bought a few BTC. Effectively buying back some of the BTC I sold in the 600s/700s for 460. Seems like it could go lower but who knows.
 

Attic

Diamond Member
Jan 9, 2010
4,282
2
76
This is incredibly amateur all around with Mt.Gox and anything that has touch or touches them.

Doomsday scenario IMO. Won't die overnight if it does, but this kind of threat and the way it was dealt with....

Sad. Hope nobody here was hurt to bad by these recent revelations.
 

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,440
5,429
136
Well you have to question the professionalism of an exchange called Magic: The Gathering Online eXchange...

Not to mention how many horror stories about security breaches and terrible withdrawal headaches there have been since 2011...
 

Zargon

Lifer
Nov 3, 2009
12,218
2
76
i cannot get my main rig to mine scrypt with cgminer


cgminer looks for USB first then rejects my pool settings. no idea wtf to do

windows. arg.


trying to snag some KDC
 

Soulkeeper

Diamond Member
Nov 23, 2001
6,714
143
106
This is incredibly amateur all around with Mt.Gox and anything that has touch or touches them.

Doomsday scenario IMO. Won't die overnight if it does, but this kind of threat and the way it was dealt with....

Sad. Hope nobody here was hurt to bad by these recent revelations.

every coin I mined is stuck in mtgox
been trying to get out since november, I was too late
 
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