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post #2591 of 22341
Quote:
Originally Posted by barkinos98 View Post

guys out of interesthow much time would it take for a 7970 to pay itself if i bought it at $250?with litecoins of course, bitcoins are too un-benefitable atm :/ that said, is there a way to use litecoins with ASIC or is it impossible forever since it uses a different thing to mine them?
if you have free power, probably 6 months, if you don't....either never or probably 1+ years
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post #2592 of 22341
electricity around here is 11cents per kWh
is there a calculator for htis so i dont bore you guys?
 
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post #2593 of 22341
Quote:
Originally Posted by barkinos98 View Post

electricity around here is 11cents per kWh
is there a calculator for htis so i dont bore you guys?

Assuming 250W power draw and 20hr/day mining, that's 0.25kW*0.11$/kWh*20h= $0.55/day tongue.gif
And there are calculators, but from what I got the variables are too many. And you have to take some things into consideration, for example the increasing difficulty. All in all with that power cost I'd say it isn't worth it.
I'm not even sure for myself - planning to do it with a supposedly far more efficient GPU (R2D2) and electricity price of $0.09.
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post #2594 of 22341
Quote:
Originally Posted by fragamemnon View Post

Assuming 250W power draw and 20hr/day mining, that's 0.25kW*0.11$/kWh*20h= $0.55/day tongue.gif
And there are calculators, but from what I got the variables are too many. And you have to take some things into consideration, for example the increasing difficulty. All in all with that power cost I'd say it isn't worth it.
I'm not even sure for myself - planning to do it with a supposedly far more efficient GPU (R2D2) and electricity price of $0.09.

Yeah, personally if electricity costs you at all it's basically not worth it. Unless you're getting the hardware for a next-to-nothing or free. Or you are confident you can sell it off later down the road for a similar price. Even then you can lose more then what you have to gain.
 
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post #2595 of 22341
Indeed.
However, barki, I have other things in mind.

Plan A: Obtain R9 290X. Dedicate GTX 680 to folding, use R9 290X as primary and mine on it while not playing. Profit from mining evens out with the power bill - I'm happy.
Plan B: Obtain R9 290X. Mine on it. Can't feed it's own power hunger. Resolution: sell GTX 680. Fold on R9 290X and use it for my needs (not dedicated) - I'm not happy but I upgraded my GPU so I think about it and become happy again.
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post #2596 of 22341
Quote:
Originally Posted by barkinos98 View Post

electricity around here is 11cents per kWh
is there a calculator for htis so i dont bore you guys?
if you sign up for give-me-coins.com they have a nice calc program where you can input your variables. The biggest question you need to ask yourself is do I want to have a 7970 for other reasons and then mine in its downtime to help cover the intitial cost. These will still bring in decent money for another year or two reselling, I'd say.
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post #2597 of 22341
Quote:
Originally Posted by barkinos98 View Post

that said, is there a way to use litecoins with ASIC or is it impossible forever since it uses a different thing to mine them?
Haven't seen scrypt ASIC yet.

The other way that might work would be to research each alt-coin carefully, and choose one to mine. It's a gamble that might not pan out, but if a coin's value increases, it can do more to pay back the cost of the GPU than sticking with LTC only.
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post #2598 of 22341
Quote:
Originally Posted by fragamemnon View Post

Quote:
Originally Posted by barkinos98 View Post

electricity around here is 11cents per kWh
is there a calculator for htis so i dont bore you guys?

Assuming 250W power draw and 20hr/day mining, that's 0.25kW*0.11$/kWh*20h= $0.55/day tongue.gif
And there are calculators, but from what I got the variables are too many. And you have to take some things into consideration, for example the increasing difficulty. All in all with that power cost I'd say it isn't worth it.
I'm not even sure for myself - planning to do it with a supposedly far more efficient GPU (R2D2) and electricity price of $0.09.
that makes around 1TL a day and it doesnt sound too bad, but in the end it turns out to be a far worse solution :/
Quote:
Originally Posted by Matt-Matt View Post

Quote:
Originally Posted by fragamemnon View Post

Assuming 250W power draw and 20hr/day mining, that's 0.25kW*0.11$/kWh*20h= $0.55/day tongue.gif
And there are calculators, but from what I got the variables are too many. And you have to take some things into consideration, for example the increasing difficulty. All in all with that power cost I'd say it isn't worth it.
I'm not even sure for myself - planning to do it with a supposedly far more efficient GPU (R2D2) and electricity price of $0.09.

Yeah, personally if electricity costs you at all it's basically not worth it. Unless you're getting the hardware for a next-to-nothing or free. Or you are confident you can sell it off later down the road for a similar price. Even then you can lose more then what you have to gain.
I probably would be able to sell it for cheaper ($250 bought via OCN, sold in turkey for $300-350 depending on clocks) but it sounds like too much hassle with not much profit, so i'll look for another option smile.gif

Quote:
Originally Posted by Darklyric View Post

Quote:
Originally Posted by barkinos98 View Post

electricity around here is 11cents per kWh
is there a calculator for htis so i dont bore you guys?
if you sign up for give-me-coins.com they have a nice calc program where you can input your variables. The biggest question you need to ask yourself is do I want to have a 7970 for other reasons and then mine in its downtime to help cover the intitial cost. These will still bring in decent money for another year or two reselling, I'd say.
that, is another problem.
all i do is GTA4 and 5, project cars and some new games which appeal to me, not much old games.
my 780 is quite good at what i throw at it but downgrading to a 7970 disturbs me on the main rig and i dont have the money for a seperate rig atm, and even if i did i would've spent it on folding biggrin.gif



also, just a bubble of thought: wouldn't it be cheaper to buy BTC/other coins and just trade those instead of mining them via buying hardware?
 
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post #2599 of 22341
The whole point is you get to sell your awesome HW at the end for 75%-50% of what you payed, which is now payed off by mining. Yes just stick with your 780 though, or sell it and grab it equal the r290x (probably better as its 6 months later).
thy gaming wench
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thy gaming wench
(15 items)
 
server(old gamer)
(10 items)
 
 
CPUMotherboardGraphicsRAM
AMD FX-8350 Vishera 4.0GHz (4.2GHz Turbo) Socke...  ASUS SABERTOOTH 990FX R2.0 AM3+ AMD 990FX SATA...  SAPPHIRE 100354OCL Radeon HD 7870 GHz Edition ... Mushkin Enhanced Redline 16GB (4 x 4GB) 240-Pin... 
Hard DriveOptical DriveCoolingOS
samsung 840 256GB 500GB seagate some cheap asus  Thermaltake CLW0217 Water 2.0 Extreme/All-In-O... winduhs pro 64 
MonitorKeyboardPowerCase
ASUS VS Series VS247H-P Black 23.6" 2ms LED Ba... slick looking logitech for 50ish  RAIDMAX RX-1000AE 1000W ATX12V v2.3 / EPS12V S...  IN WIN Dragon Rider Black 1.0 - 0.8mm SECC Ste... 
MouseMouse PadAudio
some 25 dollar logitech  pfft Logitech 5.1 surround + sub  
CPUMotherboardGraphicsRAM
intel core 2 duo e8400 biostar tpower i45 some old 4000 series ati card that i didnt want... 8gb of gskill ddr2 800 
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3x1TB in raid z1 and 4x3TB in raidz2 cooler master hyper 212 freenas 8.3.1(freeBSD) headless 
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post #2600 of 22341
Thread Starter 
Quote:
Originally Posted by barkinos98 View Post

guys out of interest
how much time would it take for a 7970 to pay itself if i bought it at $250?
with litecoins of course, bitcoins are too un-benefitable atm :/

that said, is there a way to use litecoins with ASIC or is it impossible forever since it uses a different thing to mine them?

Mining litecoins is a bit dumb these days, I don't think they'll ever list them at mtgox, I even think mtgox is doomed.
Mine other coins and trade for btc, you'll make more money on a daily basis and that's what matters to us little miners.
Quote:
Originally Posted by barkinos98 View Post

electricity around here is 11cents per kWh
is there a calculator for htis so i dont bore you guys?

www.coinwarz.com/cryptocurrency
Quote:
Originally Posted by barkinos98 View Post

that makes around 1TL a day and it doesnt sound too bad, but in the end it turns out to be a far worse solution :/
I probably would be able to sell it for cheaper ($250 bought via OCN, sold in turkey for $300-350 depending on clocks) but it sounds like too much hassle with not much profit, so i'll look for another option smile.gif
that, is another problem.
all i do is GTA4 and 5, project cars and some new games which appeal to me, not much old games.
my 780 is quite good at what i throw at it but downgrading to a 7970 disturbs me on the main rig and i dont have the money for a seperate rig atm, and even if i did i would've spent it on folding biggrin.gif



also, just a bubble of thought: wouldn't it be cheaper to buy BTC/other coins and just trade those instead of mining them via buying hardware?

If you're gonna trade properly and can buy coins with real money, then yeah, you can make way more money like that if you know what you're doing...
I'd reccomend mining here: hashco.ws

Create a blockchain.info account to deposit your btc there, then sell it for cash. Trading is not for the faint of heart, and won't make you money with tiny amounts. You need 2 btc+ to really make $$$ out of trading. (and knowledge)
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