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Should I Start Mining (7950 CFx)

post #1 of 23
Thread Starter 
I have 2 7950s in CrossFire, their capable of 1Ghz core on stock voltage.

I want to know if me mining my cards would be worth it, not so much in the long run, but in, lets say, 3 months, would I see any sort of return?
We, in the Uk, pay roughly 14.2Pence per Kw, which equates to about 0.24$

I know I havnt given much information, but Ive never really picked up on the topic untill today, anything else just ask smile.gif
     
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post #2 of 23
It depends on the coin you decide to start mining, but after some quick calculations, assuming your cards could pull about 1200kh/s with scrypt - you'd profit roughly 9.30 GBP per week mining litecoins, or about 13 per week with dogecoins. Save for market fluctuations, etc.
post #3 of 23
Thread Starter 
Quote:
Originally Posted by Broseidon View Post

It depends on the coin you decide to start mining, but after some quick calculations, assuming your cards could pull about 1200kh/s with scrypt - you'd profit roughly 9.30 GBP per week mining litecoins, or about 13 per week with dogecoins. Save for market fluctuations, etc.

Stop right there, £10 a week?

For my setup (GPU only mining) what currency should I mine?
Also, do I HAVE TO mine 24/7, or can I mine just for 15 hours a day, for say?

Also, at 15 hours a day, how much would I profit?
     
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post #4 of 23
Quote:
Originally Posted by PedroC1999 View Post

Stop right there, £10 a week?

For my setup (GPU only mining) what currency should I mine?
Also, do I HAVE TO mine 24/7, or can I mine just for 15 hours a day, for say?

Also, at 15 hours a day, how much would I profit?

That is assuming 24/7 mining, yes. 15 hours a day would yield probably 30% less profit. Dogecoins and Litecoins are both in the top 5 and would yield the most profit atm, so I would pick one of those.
post #5 of 23
Thread Starter 
Só how would I start all this off? I have no idea
     
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post #6 of 23
It's a bit involved for me to just write up a simple guide here - but this is a great guide on how to get started:
https://litecointalk.org/index.php?topic=7722.0
post #7 of 23
Thread Starter 
But still I'm confused, once I generate a profit, the litecoin go into the litecoin wallet, but what happens after that? Can I get it to be put in a PayPal account?
     
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post #8 of 23
Thread Starter 
Quote:
Originally Posted by PedroC1999 View Post

But still I'm confused, once I generate a profit, the litecoin go into the litecoin wallet, but what happens after that? Can I get it to be put in a PayPal account?

Anyone?

Also, what Pool should I sign up for, the one they suggest? (wemineltc)
     
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post #9 of 23
Quote:
Originally Posted by PedroC1999 View Post

But still I'm confused, once I generate a profit, the litecoin go into the litecoin wallet, but what happens after that? Can I get it to be put in a PayPal account?

Send your litecoins to an exchange with the deposit address they give you, and trade for bitcoins. The litecoin/bitcoin rate fluctuates, but it's still more stable than most alternative coins. If you want to buy or sell bitcoins quickly, use bitbargain.co.uk.
post #10 of 23
Quote:
Originally Posted by PedroC1999 View Post

Quote:
Originally Posted by PedroC1999 View Post

But still I'm confused, once I generate a profit, the litecoin go into the litecoin wallet, but what happens after that? Can I get it to be put in a PayPal account?

Anyone?

Also, what Pool should I sign up for, the one they suggest? (wemineltc)
You should really do some reading, not to be a jerk but your asking really basic questions, there is guides all over the place.
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