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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 241

post #2401 of 22321
Quote:
Originally Posted by Matt-Matt View Post

Well you can mine off both cards for sure. I assume you already have a card too so you could just use the 5850 for now. If you litecoin mined you'd make about $1ish a day minus power costs.

I'm going to get a second rig running soon I think, need to find a 5850 and a cheapo PSU to run it because I already have a desktop with a celeron and 2GB of RAM. (I'd run XP)
There is bad support for mining on Windows XP, especially newer GPUs.
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post #2402 of 22321
That site's really dumb and unrealistic. Coin hopping is more likely to lose you money than anything else.
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post #2403 of 22321
Thread Starter 
Quote:
Originally Posted by minaul View Post

That site's really dumb and unrealistic. Coin hopping is more likely to lose you money than anything else.

I was implying people should do their own research using resources like that one...I never said: "mine x coin"
post #2404 of 22321
Quote:
Originally Posted by ivanlabrie View Post

I was implying people should do their own research using resources like that one...I never said: "mine x coin"

From what I've calculated Litecoins are the best for me, not certain on that though. It's fairly stable but prices are dropping within the past few weeks however.
Quote:
Originally Posted by minaul View Post

There is bad support for mining on Windows XP, especially newer GPUs.

Well Windows 7 would run fine on a celeron single core anyway. It'd just be so slow to do anything but I'd still get a good 400k/hashes haha.
 
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post #2405 of 22321
Right-o. First of all, I would like to apologize for probably asking the same question for the hundredth time. So please bear with me or feel free to ignore the post.

I haven't really spent a lot of time researching this, but I am considering the following and I need your opinions.
An R9 290X used for mining ~17hrs daily at minimum.
Power costs me a total of $.09/kWh (with all taxes included). Assuming the card + PSU inefficiency give a power draw at the wall of 300W, this would be $0.027/hr (or assuming 17hr mining -- $0.459 daily costs).


Would you even consider it if you were me? I'm leaning towards LiteCoins but willing to look into other alt currencies as well.

Assuming we're talking about 2560SPs (and not the optimal 2816) if they scale accordingly with all other resources allocated properly (and the mem frequency tuned as well, of course) that would be a ~25% increase not taking GPU clock and everything else into consideration. Let alone the 37.5% increase 2816SP would allow for.
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post #2406 of 22321
Quote:
Originally Posted by minaul View Post

That site's really dumb and unrealistic. Coin hopping is more likely to lose you money than anything else.
That site is actually quite realistic for stable coins that don't jump around with difficulty and value too much. Ex. Digitalcoin.

Also, coin hopping is very profitable. I'd be making around 0.015BTC per day mining straight Digitalcoins or similar, but with multipool I'm making a minium 0.02BTC per day.
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post #2407 of 22321
Quote:
Originally Posted by fragamemnon View Post

Right-o. First of all, I would like to apologize for probably asking the same question for the hundredth time. So please bear with me or feel free to ignore the post.

I haven't really spent a lot of time researching this, but I am considering the following and I need your opinions.
An R9 290X used for mining ~17hrs daily at minimum.
Power costs me a total of $.09/kWh (with all taxes included). Assuming the card + PSU inefficiency give a power draw at the wall of 300W, this would be $0.027/hr (or assuming 17hr mining -- $0.459 daily costs).


Would you even consider it if you were me? I'm leaning towards LiteCoins but willing to look into other alt currencies as well.

Assuming we're talking about 2560SPs (and not the optimal 2816) if they scale accordingly with all other resources allocated properly (and the mem frequency tuned as well, of course) that would be a ~25% increase not taking GPU clock and everything else into consideration. Let alone the 37.5% increase 2816SP would allow for.
Well let's say a R9-290X gets about 1.2MH/s. I think that's a fair speed considering it's faster than a 7990 which gets about 1.1MH/s if I remember correctly.

You need to add in power for the rest of your PC as well to be accurate, so let's say 400W while mining.

At current difficulty you'd be making around $2 per day with multipool, or around $1 a day with a certain coin after power costs. So it would take you anywhere from around 1 year to 2 years to break even at current difficulties.

Now you've gotta factor in how much these currencies have changed the past half year and think about that too.
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post #2408 of 22321
Quote:
Originally Posted by cam51037 View Post

Quote:
Originally Posted by fragamemnon View Post

Right-o. First of all, I would like to apologize for probably asking the same question for the hundredth time. So please bear with me or feel free to ignore the post.

I haven't really spent a lot of time researching this, but I am considering the following and I need your opinions.
An R9 290X used for mining ~17hrs daily at minimum.
Power costs me a total of $.09/kWh (with all taxes included). Assuming the card + PSU inefficiency give a power draw at the wall of 300W, this would be $0.027/hr (or assuming 17hr mining -- $0.459 daily costs).


Would you even consider it if you were me? I'm leaning towards LiteCoins but willing to look into other alt currencies as well.

Assuming we're talking about 2560SPs (and not the optimal 2816) if they scale accordingly with all other resources allocated properly (and the mem frequency tuned as well, of course) that would be a ~25% increase not taking GPU clock and everything else into consideration. Let alone the 37.5% increase 2816SP would allow for.
Well let's say a R9-290X gets about 1.2MH/s. I think that's a fair speed considering it's faster than a 7990 which gets about 1.1MH/s if I remember correctly.

You need to add in power for the rest of your PC as well to be accurate, so let's say 400W while mining.

At current difficulty you'd be making around $2 per day with multipool, or around $1 a day with a certain coin after power costs. So it would take you anywhere from around 1 year to 2 years to break even at current difficulties.

Now you've gotta factor in how much these currencies have changed the past half year and think about that too.

This is a valid point you have made and I was also thinking over difficulty factor and coin prices. However I haven't monitored them and I can't afford to spend the time for the study I need to conduct over them in order to define patterns in behaviour and come out with a prognosis. Could you perhaps elaborate on the shift rates in a very rough estimate? smile.gif

Also, the general idea is that I will stick the card in my current rig and work out a way to use them simultaneously.
Specifically:
680 dedicated to folding;
R2D2 caters to the rest of my needs and gets its GPU time put into bitmining. (This is why I also didn't factor additional CPU power draw, etc. It will come with the most of one core dedicated to it by my calculations, but when we take into consideration that right now I "idle" at around 60% CPU when only servers and folding is up, it wouldn't be a deciding factor.)
And also I do not strive to get the money I shelled for it back. Rather I'd be interested in something more realistic, like making up for the total power bill (read: folding power costs).

And $2 per day actually sounds quite attractive when we take the fact that the average pay in Bulgaria is the equivalent of US ~$450. My pay is considered wonderful (being a student and such) and it equals out to $690 after taxes.
But then again, I suppose multipool profits will be able to get harvested at a further point in time? (I haven't read on it and I assume it to be "Mine on X pool until Y pool becomes more profitable, then back to X once Y offers less profit")


Thank you for the feedback, I genuinely appreciate it. thumb.gif
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post #2409 of 22321
Quote:
Originally Posted by fragamemnon View Post

This is a valid point you have made and I was also thinking over difficulty factor and coin prices. However I haven't monitored them and I can't afford to spend the time for the study I need to conduct over them in order to define patterns in behaviour and come out with a prognosis. Could you perhaps elaborate on the shift rates in a very rough estimate? smile.gif

Also, the general idea is that I will stick the card in my current rig and work out a way to use them simultaneously.
Specifically:
680 dedicated to folding;
R2D2 caters to the rest of my needs and gets its GPU time put into bitmining. (This is why I also didn't factor additional CPU power draw, etc. It will come with the most of one core dedicated to it by my calculations, but when we take into consideration that right now I "idle" at around 60% CPU when only servers and folding is up, it wouldn't be a deciding factor.)
And also I do not strive to get the money I shelled for it back. Rather I'd be interested in something more realistic, like making up for the total power bill (read: folding power costs).

And $2 per day actually sounds quite attractive when we take the fact that the average pay in Bulgaria is the equivalent of US ~$450. My pay is considered wonderful (being a student and such) and it equals out to $690 after taxes.
But then again, I suppose multipool profits will be able to get harvested at a further point in time? (I haven't read on it and I assume it to be "Mine on X pool until Y pool becomes more profitable, then back to X once Y offers less profit")


Thank you for the feedback, I genuinely appreciate it. thumb.gif
Well just for a quick example of difficulty and price, try taking a look at these charts: http://ltc.block-explorer.com/charts

That one does an accurate portrayal of LTC value to BTC value, but it doesn't have any LTC to USD charts anywhere. But you can see how the difficulty has changed in the last 6 months or so. 6 months ago nobody was mining Litecoins, but now many people are.

As for the multipool question, chances are multipool will be in business longer just because no matter how the coins are all doing, the miners there will be making more than the other miners just mining straight coins.

But if I was you I'd go for it and buy a R9-290X if your budget allows. Consider this: If by the time you get it, no crypto-coins are profitable, could you still afford it? If the answer is a no you might want to rethink your investment, because in the worst case you won't be making a cent from it.

But if you're looking for a gaming upgrade too I know I'll be getting a R9-290X for gaming, mining and folding, and I'll have a similar situation as you. (GTX 670 in the system for folding, R9-290X for mining (except during foldathons tongue.gif )

But yeah, to sum it up there are lots of variables to take into account with buying mining equipment.
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post #2410 of 22321
Quote:
Originally Posted by cam51037 View Post

Quote:
Originally Posted by fragamemnon View Post

-snip
Well just for a quick example of difficulty and price, try taking a look at these charts: http://ltc.block-explorer.com/charts

That one does an accurate portrayal of LTC value to BTC value, but it doesn't have any LTC to USD charts anywhere. But you can see how the difficulty has changed in the last 6 months or so. 6 months ago nobody was mining Litecoins, but now many people are.

As for the multipool question, chances are multipool will be in business longer just because no matter how the coins are all doing, the miners there will be making more than the other miners just mining straight coins.

But if I was you I'd go for it and buy a R9-290X if your budget allows. Consider this: If by the time you get it, no crypto-coins are profitable, could you still afford it? If the answer is a no you might want to rethink your investment, because in the worst case you won't be making a cent from it.

But if you're looking for a gaming upgrade too I know I'll be getting a R9-290X for gaming, mining and folding, and I'll have a similar situation as you. (GTX 670 in the system for folding, R9-290X for mining (except during foldathons tongue.gif )

But yeah, to sum it up there are lots of variables to take into account with buying mining equipment.

Thank you! I'll take a good look once I get back home (shift ends in 9 minutes). thumb.gif

And well... What's the worst that could happen? tongue.gif I'd just sell the GTX 680 and have the 290X for everything (well besides mining).
Needless to say I'd be really happy to net 1 million points in two Foldathons alone using both GPUs, but who knows.

Alrighty, I'll study the information you provided further and eventually I'll come up with a master plan.
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