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[IB] Dogecoin Soars 900% As Other Crypto-Currencies Suffer - Page 60

post #591 of 602
All these new crypto-currencies just feel like a short term fad in the long scheme of things... even looking at a single year. That's just my humble opinion though... Its hard to see the point. I'd have to spend ~$1000 for a secondary PC dedicated to any sort of effective mining, which could take ~3-6months to recoup costs, IF that particular 'coin' stays stable. They're a great concept, but you've got to wonder how much the creators are making from the back-end. Maybe I'm cynical?
Also, in my particular case, i'm not sure my crappy circuit breaker could handle the load of a 2nd PC... it's sorely underpowered and the landlord refuses to update anything. Convincing the wife to let me buy it would be... difficult as well.
Anyone happen to have a build or link to where I could find a sort of 'default' build for an upper-tier mining PC? I'm interested in all this but need to do some financial modeling to convince the wife, and myself. PM me please so as not to derail the thread.
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post #592 of 602
Quote:
Originally Posted by computerparts View Post

I wouldn't put anything more than 3 7970 on a 15 amp breaker for 24/7 mining. Especially considering what else could be running on that same line.
I was actually worried about that when I was buying a new home a few months ago, I have alot of home theater gear and multiple 500+watt subwoofers, all my computers, tvs, commercial treadmill, etc. I had my entire electrical panel ripped out, all wiring that wasn't #12 copper replaced with #12 copper, and all breakers are 20amps. Mainly for peace of mind I guess, but it's nice knowing it's there.
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post #593 of 602
Quote:
Originally Posted by Valor958 View Post

All these new crypto-currencies just feel like a short term fad in the long scheme of things... even looking at a single year. That's just my humble opinion though... Its hard to see the point. I'd have to spend ~$1000 for a secondary PC dedicated to any sort of effective mining, which could take ~3-6months to recoup costs, IF that particular 'coin' stays stable. They're a great concept, but you've got to wonder how much the creators are making from the back-end. Maybe I'm cynical?
Also, in my particular case, i'm not sure my crappy circuit breaker could handle the load of a 2nd PC... it's sorely underpowered and the landlord refuses to update anything. Convincing the wife to let me buy it would be... difficult as well.
Anyone happen to have a build or link to where I could find a sort of 'default' build for an upper-tier mining PC? I'm interested in all this but need to do some financial modeling to convince the wife, and myself. PM me please so as not to derail the thread.

I'm getting 1mh and spent about 700 on my rig all-together. I recouped losses (only actually bought 2 gpus due to me already having the cpu/mobo/psu/ram) in about a month... so even after all is done and over, the worst that will happen is I have 2 new gpus for free plus a couple hundred dollars.

Best that can happen is each coin is worth 100$ each and I retire at the age of 23/24 ^^ That isn't going to happen tho.
Edited by Bridden - 3/3/14 at 1:44pm
post #594 of 602
I'm just really hoping that Blackcoin raises in value in the future because I'm going semi-all-in on this coin. I could be mining Doge or Karmacoin for short term profits, this is the first time I'm betting on a coin getting more value in the future.

Edit: wait a second this isn't the right thread
Edited by incog - 2/28/14 at 4:42am
post #595 of 602
Quote:
Originally Posted by incog View Post

I'm just really hoping that Blackcoin raises in value in the future because I'm going semi-all-in on this coin. I could be mining Doge or Karmacoin for short term profits, this is the first time I'm betting on a coin getting more value in the future.

Edit: wait a second this isn't the right thread

Bad idea as Blackcoin is very new and is overvalue right now. If it's the most profitable coin to mine, then that means it's overvalue and should drop in value as it has over the last 24 hours. I'd wait and see how it plays out IMO.
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post #596 of 602
Quote:
Originally Posted by Syan48306 View Post

Bad idea as Blackcoin is very new and is overvalue right now. If it's the most profitable coin to mine, then that means it's overvalue and should drop in value as it has over the last 24 hours. I'd wait and see how it plays out IMO.

Yep it's a pump and dump coin. I'm hoping Doge gets more worldly acceptance and sky rockets more do to coins getting harder and harder to obtain.
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post #597 of 602
Did all of you run out and buy 750ti's for your mining rigs? I was going to get one for my game server and get it mining but they are all sold out everywhere I look.
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post #598 of 602
Quote:
Originally Posted by Bridden View Post

I'm getting 1gh and spent about 700 on my rig all-together. I recouped losses (only actually bought 2 gpus due to me already having the cpu/mobo/psu/ram) in about a month... so even after all is done and over, the worst that will happen is I have 2 new gpus for free plus a couple hundred dollars.

Best that can happen is each coin is worth 100$ each and I retire at the age of 23/24 ^^ That isn't going to happen tho.
You mean 1MH ? tongue.gif
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post #599 of 602
Keep it on-topic guys.
 
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post #600 of 602
Not to bring this thread back from the grave or anything but in your honest opinions do you think the dogecoin is a long term coin or is the train already gone? Im not here to retire but I want to learn and engage as much as possible. Thanks!
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