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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 883

post #8821 of 22311
Can I ask (and apologize if it was mentioned somewhere in the last 900 pages) why ASIC miners aren't recommended? It looks like if you can get them cheap enough that you can make a small profit and then some and then even flip them for beak even on eBay or something.

Would it also still be worth it to scrypt mine with GPU's, or is that just out the window too at this point?
Edited by Nhb93 - 1/17/14 at 1:39am
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post #8822 of 22311
Quote:
Originally Posted by Nhb93 View Post

Can I ask (and apologize if it was mentioned somewhere in the last 900 pages) why ASIC miners aren't recommended? It looks like if you can get them cheap enough that you can make a small profit and then some and then even flip them for beak even on eBay or something.

50gh/s makes about $10 a day at current difficulty. Its not cheap to achieve that and costs $6+ power.

I could be off those are just my own deductions from a few months ago but It cost more in hardware and the hardware ends up being outdated eventually. Just gotta hope the same doesnt happen to scrypt biggrin.gif.




Off subject TMB (trademybit) is open for registration. Will be closed once they reach 1GH. They are setting up auto-exchange in less then 24 hours and have optimized the pool. Will be interested to see how it turns out I liked using them in the past more then multipool (less disconnects and less stales at least for me).
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post #8823 of 22311
Win 7, Z77 board, two cards mining, is there a way to use the intel graphics just for the monitor.
I got the on board enabled in BIOS, and I got IGP to initialize first, but no output from my motherboard d-sub.
Is there a way round this ?
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post #8824 of 22311
Actually, would just running 3 x R9 270's on my current board and one on my other PC be feasible and a better use of money than trying to mine SHA-256 coins with USB ASIC miners? And if that is worth it, would it be still worth it to get 2 more and put my retired Athlon 64 X2 PC to use to mine even more?
Edited by Nhb93 - 1/17/14 at 4:03am
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post #8825 of 22311
Quote:
Originally Posted by Nhb93 View Post

Actually, would just running 3 x R9 270's on my current board and one on my other PC be feasible and a better use of money than trying to mine SHA-256 coins with USB ASIC miners? And if that is worth it, would it be still worth it to get 2 more and put my retired Athlon 64 X2 PC to use to mine even more?

I got two USB block erupter ASIC miners off of eBay to try it out and see what it was like using them.
After that, I got a HIS 6950/6970 off of the OCN marketplace to mine on as well.

The block erupters have been running, uninterrupted, for 11 days. One has averaged 331.6 Mh/sec, the other 335.4 Mh/sec.

My 24 hour average at BTC Guild with them is 0.00022106 BTC.

An R9 270, properly configured, can mine scrypt coins at 425-450 Kh/sec for around $200.
The cheapest currently on eBay for a USB block erupter is $25, for ~333 Mh/sec.

Four R9 270's would get you 1.8 Mh/sec for scrypt mining and a cash outlay of around $800.
For the same $800, in ideal conditions, you could buy 32 USB block erupters.
Those block erupters would give you 10.65 Gh/sec in SHA-256 mining.
We'll be generous and say you already have USB hubs to run them - an average of $30 per 10 miners.

Right now for scrypt coin, I am mining Dogecoin at the HashFaster pool. The pool has 3.1 Gh/sec power - your four GPU's would be ~1/1,550th of the pool's power.
The total hashing power mining away at Dogecoin right now is ~35.8 Gh/sec. Your four GPU's would be ~1/17,900th of the total mining power for Dogecoin.

Right now for SHA-256, I am mining Bitcoin at the BTC Guild pool. The pool has 3,494 Th/s - your 32 block erupters would be ~1/349,400th of the pool's power.
BTC Guild is usually in the 20-25% range for its pool size in relation to the total Bitcoin hashing power. For Bitcoin, your miners would be a barest drop in the bucket of total hashing power.
Edited by Tohru Rokuno - 1/17/14 at 4:53am
 
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post #8826 of 22311
So you're saying I should go for the GPU mining option, plus they'll have better resale value in the future than the ASIC miner, am I right? And 6 of the 270's would be a pretty worthwhile investment I think, since Coinwarz' calculator helped me figure out that I would recoup the GPU cost in roughly 2 months, and I would have something more valuable than USB miners in the end, since BTC has become a game for the big boys.

I did find someone selling 5 miners on eBay for $55, which is the cheapest I've found them for, but even for that price, I'm not sure how worthwhile it would be.
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post #8827 of 22311
Quote:
Originally Posted by RAFFY View Post


Post a link to their site please.

 

Their website is WTCR.ca.

Quote:
Originally Posted by Nhb93 View Post

So you're saying I should go for the GPU mining option, plus they'll have better resale value in the future than the ASIC miner, am I right? And 6 of the 270's would be a pretty worthwhile investment I think, since Coinwarz' calculator helped me figure out that I would recoup the GPU cost in roughly 2 months, and I would have something more valuable than USB miners in the end, since BTC has become a game for the big boys.

I did find someone selling 5 miners on eBay for $55, which is the cheapest I've found them for, but even for that price, I'm not sure how worthwhile it would be.

I'd go the GPU way, it would make more money that the USB miners ever would, at least from my findings.

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post #8828 of 22311
Quote:
Originally Posted by RAFFY View Post

Quote:
Originally Posted by Krusher33 View Post

Yeah I got the last 290X from them. redface.gif

And first dibs on their recent shipment of 280X's.

Because I had originally ordered 3 290's. We waited till their next shipment and there were no 290's in it... just 280X's. We made a deal to swap a 290X + 2 280X's + refund difference.

They were quite friendly about it. But yeah, it's an annoyance about they not showing what's in stock. Because I tried to throw in a couple of other things like a death adder mouse and something else but they were out of stock on those too.

Post a link to their site please.

Quote:
Originally Posted by PCSarge View Post

Quote:
Originally Posted by RAFFY View Post

Post a link to their site please.

they are probably sold out already. im buying cards from a shop in florida. but i dont give out my trade secrets as to where.

Yeah they probably are out of stock except maybe the 280X's. They're pretty good about answering their emails. On their site they'll say when they're open and seems to be pretty consistent with answering emails in a timely manner. They will tell you when they're getting their next shipment but the sucky thing is that they don't really know what.

I have been in a shop like that before. You place all these orders and the distributor sends you the invoice. You don't really know what coming on what shipment till you get it. You'll eventually get what you ordered but just don't know when.
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post #8829 of 22311
Quote:
Originally Posted by PCSarge View Post

they are probably sold out already. im buying cards from a shop in florida. but i dont give out my trade secrets as to where.


Thanks for the helping out the mining community here on OCN. If your going to bogard simple things like that then don't even bother being a member of this thread. This thread is dedicated to helping people mine.
Quote:
Originally Posted by cam51037 View Post

Their website is WTCR.ca.
I'd go the GPU way, it would make more money that the USB miners ever would, at least from my findings.

Oh look someone being helpful @PCSarge. Thanks for the post Cam, at the current prices those 290's are a steal. Currently $407usd. I think its time to put another 8 on order! +rep too
Edited by RAFFY - 1/17/14 at 8:36am
post #8830 of 22311
Quote:
Originally Posted by RAFFY View Post

Thanks for the helping out the mining community here on OCN. If your going to bogard simple things like that then don't even bother being a member of this thread. This thread is dedicated to helping people mine.

It is a little understandable. If people told all of their places that are still in stock for everything then nobody would be able to get anything (here in the states anyways). When you tell people this type of information you are directly cutting into your own profits. I'm not saying that someone should or should not share information like this, I am just saying it is understandable when people do not. Personally I think it's just bad taste to announce you have a place to get things and then state you won't tell people where. Just don't tell us you 'got a deal' and nobody will care.

You should expect to start seeing this in the community, especially as people become more serious about trading. If you have information that BTC is going to rise, you do not share in publicly; esp on a forum. Sharing information manipulates markets and there are no 'buddy-buddy' things when it comes to large profits.
Edited by blkdoutgsxr - 1/17/14 at 8:48am
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