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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 239

post #2381 of 22341
Quote:
Originally Posted by matada View Post

Quick question for y'all.

GPU mining is dead. How can you keep doing it at a loss? Why haven't you invested in the Block Erupters? $20 for 300mhash and 2.5watts
We mine alternate currencies such as Digitalcoin, Litecoin and just using Middlecoin or multipool. Then trade it for bitcoins and you're making a dollar or two a day with a single 7959.
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post #2382 of 22341
Quote:
Originally Posted by cam51037 View Post

We mine alternate currencies such as Digitalcoin, Litecoin and just using Middlecoin or multipool. Then trade it for bitcoins and you're making a dollar or two a day with a single 7959.

I just looked into mining litecoins with my soon to be 2 7970's and it's still a loss.
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post #2383 of 22341
Quote:
Originally Posted by matada View Post

Quick question for y'all.

GPU mining is dead. How can you keep doing it at a loss? Why haven't you invested in the Block Erupters? $20 for 300mhash and 2.5watts
Yes, go spend your savings on Erupters and never ROI.
Quote:
Originally Posted by matada View Post

I just looked into mining litecoins with my soon to be 2 7970's and it's still a loss.
Have you considered that some people don't pay as much for electricity as you do, or don't pay for it at all?

>7970s
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post #2384 of 22341
Quote:
Originally Posted by Matt-Matt View Post

Sorry to double post but:

Seeing as my VRM's get fairly hot, I'm considering getting a PCI-E riser like This one, two things though:

1. Is it going to "damage" my board form not having a molex-powered riser on a 7950?
2. Where could I fit a triple slot card in my case? HAF 932? Like I have no idea haha
The need for powered risers is a myth to sell powered risers. The only time I might suggest using them is on a cheap motherboard and on the 1x slots.

What's a case? (mining rigs don't use cases tongue.gif)
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post #2385 of 22341
Quote:
Originally Posted by matada View Post

I just looked into mining litecoins with my soon to be 2 7970's and it's still a loss.
I know difficulty with Litecoins is getting up there, but it still should be profitable.

What did you use for KH/s, watts used and power cost?
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post #2386 of 22341
Quote:
Originally Posted by minaul View Post

Yes, go spend your savings on Erupters and never ROI.
Have you considered that some people don't pay as much for electricity as you do, or don't pay for it at all?

>7970s

Erupters Are $20 and put out 330mhash. According to bitcoinx they will recover the cost 152 days later.

I pay $.09 kwh for my power total (including delivery fees)

1400 khash (700khash a card)

.09 power

700watts power (even though newegg's power calculator says "Our recommended PSU Wattage: 913 W"
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post #2387 of 22341
Quote:
Originally Posted by matada View Post

Erupters Are $20 and put out 330mhash. According to bitcoinx they will recover the cost 152 days later.

I pay $.09 kwh for my power total (including delivery fees)

1400 khash (700khash a card)

.09 power

700watts power (even though newegg's power calculator says "Our recommended PSU Wattage: 913 W"
700W isn't an accurate amount for dual 7970's. They'd take around 600W maximum.

But the reason we don't buy block erupters is because of difficulty increases - the difficulty it takes to solve a Bitcoin block is going up a constant 30% or more every 10 days or so. This means that quickly our block erupters will be left behind with the amazingly high difficulty and won't be able to mine any bitcoins. At least with GPU's and mining alt-coins we have a chance at breaking even.
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post #2388 of 22341
Quote:
Originally Posted by matada View Post

Erupters Are $20 and put out 330mhash. According to bitcoinx they will recover the cost 152 days later.

I pay $.09 kwh for my power total (including delivery fees)

1400 khash (700khash a card)

.09 power

700watts power (even though newegg's power calculator says "Our recommended PSU Wattage: 913 W"
I get 711kH/s on 7950s. I don't pay for power. Sucks to be you.

As cam51037 verified, the Erupters will never be in the black.
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post #2389 of 22341
Quote:
Originally Posted by cam51037 View Post

700W isn't an accurate amount for dual 7970's. They'd take around 600W maximum.

But the reason we don't buy block erupters is because of difficulty increases - the difficulty it takes to solve a Bitcoin block is going up a constant 30% or more every 10 days or so. This means that quickly our block erupters will be left behind with the amazingly high difficulty and won't be able to mine any bitcoins. At least with GPU's and mining alt-coins we have a chance at breaking even.


I'm aware of the difficulty increases seeing that I break peoples hearts every day when they try to mine with a CPU or a 9800gt. Perks of being tech support for slush's pool.
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post #2390 of 22341
Thread Starter 
Quote:
Originally Posted by matada View Post

I'm aware of the difficulty increases seeing that I break peoples hearts every day when they try to mine with a CPU or a 9800gt. Perks of being tech support for slush's pool.

Sounds like someone wants to sell us erupters...cough tongue.gif
You should know they give no chance of ROI if that's the case.
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