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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1227

post #12261 of 22311
Quote:
Originally Posted by korruptedkaos View Post

hold on a minuite! Digicidal so I use Multipool & middlecoin huh. considering they both suck & ive only used them for a bit your wrong in saying this is my category!

Also I have not mined a coin on coinwarz for the last 2 weeks! well apart from doge which sucked too!

Yes I do follow the new coins looking for maximum profits & dump them, what do you think miners with 100+MH are doing.

also how do you think they get there & afford to run it?

lets just make this clear, you have your method im sure. which is an entirely different concept to mine & id say isn't really suitable to most new comers in mining.
Considering you say your sat on enough bitcoins for 30 years of electric etc etc its not giving the smaller fish good advice really

also do you really think im going to invest that much money into crypto's for a long term prospect that could collapse tomorrow!
spending money on electricity & hardware that could net me a loss in the long run aswell!

Digicidal can I ask you are you running a farm, are you maximizing your profit into doubling your potential profit by increasing your output?
I don't know why but if I had as much bitcoin as I think you have, im sure you have a little farm right? 20+MH at least no?

Lets just say I think your method may work for you, but my goals are entirely different to yours. Mine is to build a farm from profits as I go as fast as I can!
that way I can maximize my output taking more/some of the profits & stashing it away for the long term into fiat. also if all crypto's goes down I wont have any or minimal money invested in it & wont lose anything
id still have some profit aswell from the resale of the hardware.

Minimal risk,Max potential profits in the long term.
Isnt that every investors motto?

once it starts cutting into the bankers profits they'll use their political connection to stop it.
post #12262 of 22311
http://www.amazon.co.uk/gp/aw/d/B0058HUQJ0/ref=redir_mdp_mobile?ref_=pe_385721_37986871_TE_item

Could someone please advise me what powered riser cables
I need if I'm installing 3 x 290x and the above mobo. Thanks, really need to order them tonight smile.gif
post #12263 of 22311
Quote:
Originally Posted by denial_ View Post

Quote:
Originally Posted by lightsout View Post

Hey guys would you get two 270s or a 290 non x? The noise of the 290 worries me as the wife doesn't dig it. It's a reference card.

If noise is a concern it's a no-brainer, go with two R9 270(X or not). 290(X) reference is aweful and I don't think your wife will be happy to hear a hair dryer all day long wink.gif.
HAha true, thanks.

Quote:
Originally Posted by Jeffinslaw View Post

Quote:
Originally Posted by lightsout View Post

Do you have a calculator to estimate profit or is it with some crazy formula?

I just use coinwarz.com to estimate profit. It will always be less though because coins will never be traded at the exact moment they are worth that amount. However, it is pretty close.

Jeffinslaw
Thanks man, would it not be best to just pick the best coin on that site?
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post #12264 of 22311
Quote:
Originally Posted by barkinos98 View Post

ok so
6x 290 Toxic at 1346TL per piece
or 12x 7950 at 726TL per piece?

these to be paired with a h81 pro btc (either 1 or 2 board), g3220 and the usual stuff...
also thinking of ordering a G1600, anyone running 5-6 cards off one?

6X 290 = 8076TL Total Hashrate = ~5.5Mhs @ 1800W
12x 7950 = 8712TL Total Hashrate = ~7.8Mh/s @ 2500W

The upkeep and the price of the 7950's will be a bit higher, but then again it should net 2.3Mh/s more. The choice would be simple for me, 12x 7950's
post #12265 of 22311
Quote:
Originally Posted by taafe View Post

http://www.amazon.co.uk/gp/aw/d/B0058HUQJ0/ref=redir_mdp_mobile?ref_=pe_385721_37986871_TE_item

Could someone please advise me what powered riser cables
I need if I'm installing 3 x 290x and the above mobo. Thanks, really need to order them tonight smile.gif
beware of the rampant price gouging on these things

this is the cheapest i found for you:

the best ones are the USB type, if you re gonna get ripped off might as well get the good stuff. from china .. http://www.ebay.co.uk/itm/USB-3-0-PCI-E-1x-To-16x-Riser-Card-Adapter-Powered-Cable-Mining-Bitcoin-Litecoin-/171220587477

or you can get the cheaper ribbon cable ones with the sometimes halfassed hand-soldered molex.. http://www.amazon.co.uk/Powered-PCI-E-Riser-Extender-Capacitor/dp/B00HG9RUJ2/
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post #12266 of 22311
Quote:
Originally Posted by Eggy88 View Post

Quote:
Originally Posted by barkinos98 View Post

ok so
6x 290 Toxic at 1346TL per piece
or 12x 7950 at 726TL per piece?

these to be paired with a h81 pro btc (either 1 or 2 board), g3220 and the usual stuff...
also thinking of ordering a G1600, anyone running 5-6 cards off one?

6X 290 = 8076TL Total Hashrate = ~5.5Mhs @ 1800W
12x 7950 = 8712TL Total Hashrate = ~7.8Mh/s @ 2500W

The upkeep and the price of the 7950's will be a bit higher, but then again it should net 2.3Mh/s more. The choice would be simple for me, 12x 7950's

okay, okay sounds good 2.3Mh is the amount i have in my own rig atm lol

and so technically speaking, a G1600 should power 6x 7950 and a cpu right? i want to make it as simplistic as possible for the clients.
 
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post #12267 of 22311
Quote:
Originally Posted by barkinos98 View Post

okay, okay sounds good 2.3Mh is the amount i have in my own rig atm lol

and so technically speaking, a G1600 should power 6x 7950 and a cpu right? i want to make it as simplistic as possible for the clients.

Should be OK, just need to find out how to load the rails, you will need some Molex ---> PCI 6/8 Pin adapters.
post #12268 of 22311
7950s in at a retailer in sweden for 300 bucks, worth it over 270xs at 240?
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post #12269 of 22311
Quote:
Originally Posted by lightsout View Post

Thanks man, would it not be best to just pick the best coin on that site?

There is a scrypt that is run that calculates the most profitable coin. Sure you could pick a coin to mine with the pool but usually, that coin is already being mined in the multiport.
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post #12270 of 22311
Quote:
Originally Posted by korruptedkaos View Post

hold on a minuite! Digicidal so I use Multipool & middlecoin huh. considering they both suck & ive only used them for a bit your wrong in saying this is my category!

Also I have not mined a coin on coinwarz for the last 2 weeks! well apart from doge which sucked too!

Yes I do follow the new coins looking for maximum profits & dump them, what do you think miners with 100+MH are doing.
Warning: Spoiler! (Click to show)
also how do you think they get there & afford to run it?

lets just make this clear, you have your method im sure. which is an entirely different concept to mine & id say isn't really suitable to most new comers in mining.
Considering you say your sat on enough bitcoins for 30 years of electric etc etc its not giving the smaller fish good advice really

also do you really think im going to invest that much money into crypto's for a long term prospect that could collapse tomorrow!
spending money on electricity & hardware that could net me a loss in the long run aswell!

Digicidal can I ask you are you running a farm, are you maximizing your profit into doubling your potential profit by increasing your output?
I don't know why but if I had as much bitcoin as I think you have, im sure you have a little farm right? 20+MH at least no?

Lets just say I think your method may work for you, but my goals are entirely different to yours. Mine is to build a farm from profits as I go as fast as I can!
that way I can maximize my output taking more/some of the profits & stashing it away for the long term into fiat. also if all crypto's goes down I wont have any or minimal money invested in it & wont lose anything
id still have some profit aswell from the resale of the hardware.

Minimal risk,Max potential profits in the long term.
Isnt that every investors motto?

I've highlighted for easier reading comprehension:
Quote:
You can also use this to focus on a single coin during it's early stage without concern - provided it is on an exchange somewhere and hope for adequate returns. This would be KorruptedKaos' method.

I was simply saying that you are looking for short-term gains on early low-diff coins without any intention of holding anything because you're aware that you're mining garbage. That was all.

I don't have a farm nor do I see mining cryptos as an income stream... I have a job (a good one at that) that pays for everything I need in life. I mined everything I have in cryptos on the same 6970s, and later on 7970s, that I'm using now with the exception that I've added a few 280Xs just for grins recently when I saw potential in DOGE long-term. On my best days I have around 5Mh/s in scrypt hashrate - and with UTC/VTC (partially allocated admittedly) I never saw more than 2Mh/s at the pool.

In order for me to replace my income with farming - I would have to 1) convert 80-90% of my crypto earnings into fiat - and pay taxes on those returns which would cost me 50% off the top. And 2) I would also have to lease a facility, purchase 100-200 GPUs, and probably pull an additional 200A into the space - pulling appropriate permits etc.

I have an idea of your age based on your posts and priorities... I am much older I believe - and as I stated (clearly I thought but apparently not) there are different goals for different demographics. If I was back in my college days, sharing an apartment with 3 people, and working 3 different part time jobs... then I would certainly follow your pattern/direction.

I provided 3 very different scenarios for 3 very different types of miners, I also very clearly stated that they are not all for everyone... don't know what your problem is with that... but whatever. rolleyes.gif
Edited by DiGiCiDAL - 2/11/14 at 9:46am
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