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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 233

post #2321 of 22913
Thread Starter 
What is your power cost racer? If you pay more than 0.05usd per kwh you're better off selling those cards and grabbing two 7950s.
post #2322 of 22913
im currently at $0.092 right now in North Carolina.

ive been trying to come up with figures on my own but the calculators are all over the place. Assuming you average .5 BTC a month on your pool can I expect that rate to scale with the amount of power I put into it, or are there diminishing returns I'm not aware of. Like say I ran 4 cards can I expect 4 times the payout on average (I know it will vary a little with difficulty)
post #2323 of 22913
Quote:
Originally Posted by racer86 View Post

im currently at $0.092 right now in North Carolina.

ive been trying to come up with figures on my own but the calculators are all over the place. Assuming you average .5 BTC a month on your pool can I expect that rate to scale with the amount of power I put into it, or are there diminishing returns I'm not aware of. Like say I ran 4 cards can I expect 4 times the payout on average (I know it will vary a little with difficulty)
You'd be making around $2 a day or a bit more with 3 5870's.

Again though I'd say just keep the 5870's - is it worth trying to sell them and then get a 7950? If I was in your situation I'd definitely keep the 5870's for mining especially with winter coming, keep you house a bit warmer. I want to stress my point again that 5870's are still good cards for mining.

I don't know about you but here in Canada it easily reaches -35C in the winter, so the more heat I can get out of my miner that means less cost to keep the furnace running.

But the final decision is up to you, I've given you my points and ivan has given you his.
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post #2324 of 22913
Quote:
Originally Posted by cam51037 View Post

Well why not keep your 5870's and get a 7950? Don't go for a 7970, they're basically just $50 more for like, 60KH/s more, which isn't really worth it IMO.

If you have an extra PCI-E slot definitely just buy a new 7950. If you have all slots full, maybe sell a single 5870 and get a 7950. You have 3 5870's right?

Ya ive got 3 5870s and a board with two pci-e x16 and 2 pci-e x1 so i could do 4 cards with powered risers. I might look into just straight buying a 7950 if the rates you were saying in your other post are true 4.50 a day isnt bad and ive got fairly low energy costs I was figuring around $35-40 extra a month for 4 cards at 180-190w each

also any chance we can expect BTC to stay above $100-110 for a while? I know a while back when I was looking into this BTC was at $90 - 100 or so
Edited by racer86 - 9/25/13 at 6:12pm
post #2325 of 22913
Quote:
Originally Posted by racer86 View Post

Ya ive got 3 5870s and a board with two pci-e x16 and 2 pci-e x1 so i could do 4 cards with powered risers. I might look into just straight buying a 7950 if the rates you were saying in your other post are true 4.50 a day isnt bad and ive got fairly low energy costs I was figuring around $35-40 extra a month for 4 cards at 180-190w each
Yeah your power consumption estimates are about dead on. The profit you'd make is probably a little low, you'll probably be making ~$60 minimum per month with 3x 5870's and a 7950 after power costs.
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post #2326 of 22913
Thread Starter 
BTC looks like reaching $200 in a few months, maybe 300.
And more than 500 by the end of the year...
post #2327 of 22913
Quote:
Originally Posted by ivanlabrie View Post

BTC looks like reaching $200 in a few months, maybe 300.
And more than 500 by the end of the year...
Not trying to jump onto everything you say, but what makes you say you'll think it will reach $500 or higher by early 2014?
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post #2328 of 22913
Thanks ivan and cam for answering all my questions with this stuff

I think Im going to try out that pool you guys mentioned with my 5870s for a month and see what the outcome is both interms of BTC and power costs. If its not too horrible Ill just keep them and look for a cheap 7950

Thanks again guys thumb.gif
post #2329 of 22913
Quote:
Originally Posted by racer86 View Post

Thanks ivan and cam for answering all my questions with this stuff

I think Im going to try out that pool you guys mentioned with my 5870s for a month and see what the outcome is both interms of BTC and power costs. If its not too horrible Ill just keep them and look for a cheap 7950

Thanks again guys thumb.gif
Any time man! This thread is the right place to come for advice, there's plenty to go around. tongue.gif
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post #2330 of 22913
Thread Starter 
Quote:
Originally Posted by cam51037 View Post

Not trying to jump onto everything you say, but what makes you say you'll think it will reach $500 or higher by early 2014?

I suspect reward halving, and increasing difficulty to do part of the work, the rest being influenced by the bitcoin ETFs and other bitcoin stocks that will come out.
It all depends on the upcoming laws though...I don't see bitcoin going below 120usd ever again.
Quote:
Originally Posted by cam51037 View Post

Any time man! This thread is the right place to come for advice, there's plenty to go around. tongue.gif

+1
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