About to snag a new video card, most likely a 7950 and have been wondering what rate people are mining at in terms of bitcoin or other cryptocurrencies. I know BFL and Avalon pretty much ruined bitcoin mining but BFL's units are hitting the market at a really unsteady pace so anyone still mining with cards and getting decent rates? Not getting the card for mining but mainly for gaming, if I could mine with it for a month or two before BFL units really hit the market I wouldn't mind since I have other toys and projects in the works wouldn't mind covering part of the cost of the card.
It's still profitable at the moment. At current prices you'd be making a little under $3 a day if you manage 600mhash and pay $0.10 per kwh. 600 is about what I get with my 7950 at 1125MHz.
Not bad, about 3 months at current difficulties with a bit of scaling up would pay for the card more or less. The 7790s are the sweet spot for mining performance relative to power consumption and cost though right? Anyone here still running dedicated mining rigs? If the cards can pay themselves off in under 4 months I'd consider grabbing 2 or 3 since I'll have other budget machines to put them into later for better graphics performance.
If you plan on using the cards again for anything then I suggest the 7950, since then you will have really long lasting (in usefulness) cards.
7790 will have basically zero resale value as well as usefulness very quickly.
Not bad, about 3 months at current difficulties with a bit of scaling up would pay for the card more or less. The 7790s are the sweet spot for mining performance relative to power consumption and cost though right? Anyone here still running dedicated mining rigs? If the cards can pay themselves off in under 4 months I'd consider grabbing 2 or 3 since I'll have other budget machines to put them into later for better graphics performance.
What's the easiest way to cash out Bitcoins to either a bank account or preferably Paypal?
I use Campbx as the site that I trade on, they offer direct deposit, though it costs $2 a deposit.
campbx to dwolla to bank account.
free.
though after running the numbers, with a 10% increase in difficulty every 14 days. a 7950 will never pay for it self.
Well done. That's how it should be :thumbsup:The hd7790's I purchased on April 1 were almost 100% paid for from prior mining profits.
First off I sold my hd7990 that cost me 963 with tax on the first of dec for 800. I also sold the games for 50 back in dec and got 30 in rebates so 963- 800 = 163- 50 = 113 -30 = 83 the card mined a lot of coins from dec 1 to apr. at least 1100.00 after power so 1100 -83 = 1017 ahead on this card .
I spent it on the hd7790's about 1200 for 8 so my hd7790's cost about 183. really more like 0 with rebates selling codes.
the 8 cards have hashed at 2400 for about 50 days pulling 640 watts. using todays diff of 11 mill today price of 123 my power of 16 cents a k-watt they have about 500 - 525 profit. Still making about 10 bucks a day for the 8 of them. That 525 does not count resale . It does not account for the big price spike of 230 plus. I sold 3 or 4 coins over 200 in apr.
If you have a running system the price is low for a hd7790 under 140 even under 120 on a good sale.
BTC has been a fun ride for me. Made money and got to play with a lot of toys.
The problem is there is no way to know for sure. Yes you can probably count on a 10% difficulty increase every couple weeks, but what sort of BTC value can you count on? Maybe it drops to $20 a coin, maybe it rises to $200.
Buying dedicated mining hardware is a gamble no matter how you look at it. I took it on last month, am happy to say that I'm at the point now of mining coins with no risk (except the monthly power bill). If BTC value dropped significantly I could sell my hardware and come out on top.
It hasn't paid for itself yet, but at least I took the gamble out
Hey guys. Im building a dedicated mining rig since I dont have to worry about electricity cost at my current location.
I have a spare 7950 and a seasonic modular 650 watt psu so that is my starting point. Which cpu and motheboard should I get? I dont have a cpu brand preference but I'll take whatever is cheaper in this case.
Is it worth going with three 7950's if electricity is not a concern? I would at the minimum want two cards and am aiming for 1000 hash, thanks!
may I suggest 2x hd7790's they will pull a max of 160 watts and hash at 600 1 wire each
the 7950 can do 500 easy. so you pull 1100 hash the psu you have can do it easy.