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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1126

post #11251 of 22522
Quote:
Originally Posted by blkdoutgsxr View Post

Quote:
Originally Posted by Desolator2B View Post

Alright, so lemme ask your opinion, should I
A. Go for a 600GH ASIC miner and do Bitcoin
OR
B. Go Litecoin mining?
Which one will be the most profitable in the end? I have a feeling that the calculators tend to lie a bit lol

The amount of money it takes to get into Bitcoin now with the crazy difficulty makes it so the ROI is horrible. You would be lucky to get your investment back. Go with script if you are getting into it. Also read a lot more about it before you invest any money.

Edit: Please take my advice about reading about mining seriously. there are a lot of people who just dump a bunch of money into mining that do not understand anything about it, and they get very frustrated because they do not know the ins and outs of it. Do not expect to get rich quick.

I think you would at least agree with me that it's not a bad way to at least get some small extra money once you make ROI. I'm not in this to become some kind of big money earner, just a way to get better interest than the banks for a few months.
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post #11252 of 22522
Quote:
Originally Posted by blkdoutgsxr View Post

The amount of money it takes to get into Bitcoin now with the crazy difficulty makes it so the ROI is horrible. You would be lucky to get your investment back. Go with script if you are getting into it. Also read a lot more about it before you invest any money.

Edit: Please take my advice about reading about mining seriously. there are a lot of people who just dump a bunch of money into mining that do not understand anything about it, and they get very frustrated because they do not know the ins and outs of it. Do not expect to get rich quick.

I was pretty much sold on mining Dogecoin, which I know is Scrypt, but the difficulty is becoming quite irritating. But even with a high enough hashrate, would I make a decent enough profit? Say I pulled 1MH/s per card and bought 10 or whatever, would 10MH/s even be profitable?
post #11253 of 22522
Plugged the cards in different tonight, turned machine on and 4 out of 5 cards were detected. If anyone remembers my saga, I could only get 3 cards detected. I tried the configuration that I just did before and it didn't work.

This sums up my whole situation:



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post #11254 of 22522
Quote:
Originally Posted by Nhb93 View Post

I think you would at least agree with me that it's not a bad way to at least get some small extra money once you make ROI. I'm not in this to become some kind of big money earner, just a way to get better interest than the banks for a few months.
I agree with scrypt, not with Bitcoin ASICS though, I think they are overpriced and not profitable.
Quote:
Originally Posted by Desolator2B View Post

I was pretty much sold on mining Dogecoin, which I know is Scrypt, but the difficulty is becoming quite irritating. But even with a high enough hashrate, would I make a decent enough profit? Say I pulled 1MH/s per card and bought 10 or whatever, would 10MH/s even be profitable?

It does not matter your hashrate really. It matters your hashrate per watt when talking about profitablity. I am adding a lot of M/hash soon, so I'm sure you can guess where I stand with mining scrypt,.
post #11255 of 22522
Anyone using Dogehouse.org seem to be not getting many coins? I was getting 9k a day, but now it seems its so bad. Difficulty didnt go up much, but is it just that little increase in diff effected it that much?
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post #11256 of 22522
Quote:
Originally Posted by blkdoutgsxr View Post

I agree with scrypt, not with Bitcoin ASICS though, I think they are overpriced and not profitable.
It does not matter your hashrate really. It matters your hashrate per watt when talking about profitablity. I am adding a lot of M/hash soon, so I'm sure you can guess where I stand with mining scrypt,.

So with mining Scrypt, what cards would you personally recommend? I know the 270x offers best value, but, as I hear it the Sapphire 290X Tri-X card is pulling about 1MH/s without a whole lot of tweaking, is it worth it? I've been scowering for a while now but it's just been recent since Bitcoin really hit the market hard, and trying to find info on Doge, or any other altcoin profitability is pretty hard.
post #11257 of 22522
Quote:
Originally Posted by Desolator2B View Post

So with mining Scrypt, what cards would you personally recommend? I know the 270x offers best value, but, as I hear it the Sapphire 290X Tri-X card is pulling about 1MH/s without a whole lot of tweaking, is it worth it? I've been scowering for a while now but it's just been recent since Bitcoin really hit the market hard, and trying to find info on Doge, or any other altcoin profitability is pretty hard.

If you have the space, I would build rigs with R9 270 (non x) which will get you 400-450 per card, I have several 6 card rigs like this. For the price of a 290 you can get almost 3 cards which gets you around 1200-1350 K/hash, for 450 watts. Cant beat the value really.

Edit: If those cards are getting 1000Khash @ 330 watts then it is a pretty good value. After you account for the MB and everything it would get around 2.75khash/watt which is on par with the best cards. It really is up to you, I like the 270 setups because I do not feel like the cards are inflated in price currently, so if things go south I should be able to resell them at not a huge loss. You will see all 290s drop in price if mining takes a turn for the worse.
Edited by blkdoutgsxr - 2/1/14 at 10:13pm
post #11258 of 22522
Quote:
Originally Posted by blkdoutgsxr View Post

If you have the space, I would build rigs with R9 270 (non x) which will get you 400-450 per card, I have several 6 card rigs like this. For the price of a 290 you can get almost 3 cards which gets you around 1200-1350 K/hash, for 450 watts. Cant beat the value really.

What coin are you mining currently, about how many coins are you able to mine per day right now?
post #11259 of 22522
Quote:
Originally Posted by Desolator2B View Post

What coin are you mining currently, about how many coins are you able to mine per day right now?

I have 5 Mhash and I mine about 40k Dogecoin per day, I change coins all the time though based on my speculations
post #11260 of 22522
I have 4 x 290's, 2 x 290x's and 2 x 270's (with one more coming in). The 290's I can only get 880Khs max and I have tried all the configs posted that supposedly get 1Mhs and none have worked. The 290x's have not done any better with only 860KHs. The 270's get 450-460 with very little tweaking and cost $200-$210. They are by far the best investment since 290's go for $500 on up. Cooling the 270's is on air while my 290's and 290x's have to be water cooled, otherwise they get too hot and throttle. I am personally adding another 5 x 270's or 270x's depending on price and I will probably start offloading my 290's since I paid $400 each and they should get me a nice little profit that I can turn around and get more 270's. If I am lucky, I will be at 10MHs in a month or two and should be pulling in $120 to $150 a day depending on the market. I could probably make more if I wanted to play the market and mine alt coins, but right now I am just doing Middlecoin due to time constraints. The only downside to going 270's over 290's or 290x's is that they require more MB's and such to match the hash rate of the 290's. But for the price of 2 x 290's you can get 5 x 270's and have a higher hash rate.
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