|
Title: Would using my old rig to mine turn a profit considering electrical usage? Post by: h0dg1k1ll3r on April 14, 2015, 07:26:04 PM I'm brand new to mining, and was wondering if mining would cost less or more than the cost of electricity.
I'm getting a new rig soon, and wasn't sure if I should keep this to mine with, or simply sell it. Electricity is @ 15c/kw Here's the specs 750 watt bronze certified ultra brand psu (yeah, I've never heard of it either) Asus Sabertooth 990FX motherboard AMD Phenom 2 1045t 6x2.7ghz cpu EVGA GTX 570 2gb GPU not sure which specific model, but it's factory overclocked 2tb Seagate 7200 rpm HDD So would I be likely to turn a profit considering electrical costs? P.S. Sorry if this is in the wrong forum. Title: Re: Would using my old rig to mine turn a profit considering electrical usage? Post by: zekarsalih on April 14, 2015, 08:06:57 PM I dont know many of those things but from what I know only Asics at 0,04 ct/kwh Electricity might turn profitable. What did you pay and what gh/s do they get you? At what price can you resell it?
Title: Re: Would using my old rig to mine turn a profit considering electrical usage? Post by: spazzdla on April 14, 2015, 08:20:51 PM You can only mine bitcoin with ASIC's at this point.
Perhaps consider Primecoin... not worth much but that fact might just help you. Title: Re: Would using my old rig to mine turn a profit considering electrical usage? Post by: h0dg1k1ll3r on April 14, 2015, 08:48:11 PM You can only mine bitcoin with ASIC's at this point. Perhaps consider Primecoin... not worth much but that fact might just help you. K thanks willl do Title: Re: Would using my old rig to mine turn a profit considering electrical usage? Post by: ChuckBuck on April 14, 2015, 09:13:31 PM Ouch, $0.15 k/WH!!!!!! That's is no where near a decent rate to consider mining at all, sorry to say.
If you had said half that at maybe $0.07 or $0.08 k/WH, you'd be at the threshold of mining profitability, and only with energy efficient "Asics", not CPU or GPU's. Just sell the parts of your rig, and buy BTC!!! Easiest way possible. :D Title: Re: Would using my old rig to mine turn a profit considering electrical usage? Post by: djm34 on April 14, 2015, 11:10:19 PM I'm brand new to mining, and was wondering if mining would cost less or more than the cost of electricity. yeah, you could have posted it on the math forum and have lots more answer to your problem... (and they really do math on these forums, here, people just give opinion based on their best opinion... mostly) ;DI'm getting a new rig soon, and wasn't sure if I should keep this to mine with, or simply sell it. Electricity is @ 15c/kw Here's the specs 750 watt bronze certified ultra brand psu (yeah, I've never heard of it either) Asus Sabertooth 990FX motherboard AMD Phenom 2 1045t 6x2.7ghz cpu EVGA GTX 570 2gb GPU not sure which specific model, but it's factory overclocked 2tb Seagate 7200 rpm HDD So would I be likely to turn a profit considering electrical costs? P.S. Sorry if this is in the wrong forum. also the 570 is rather old and won't get you good hashrate... Title: Re: Would using my old rig to mine turn a profit considering electrical usage? Post by: adaseb on April 15, 2015, 05:05:48 AM You can't really mine anything with that video card. You can only CPU mine and no matter whether you CPU mine or GPU mine, you will never make a profit since you pay for electricity.
You can't even turn a profit even if you buy an efficient SHA256 ASIC. Sorry.... Title: Re: Would using my old rig to mine turn a profit considering electrical usage? Post by: Oscilson on April 15, 2015, 09:28:06 AM You will not make profit as your electricity price is high and you have too few graphics cards.
Title: Re: Would using my old rig to mine turn a profit considering electrical usage? Post by: nwfella on April 15, 2015, 10:07:05 PM You will absolutely end up paying more in electricity to mine X number of coins than you will simply purchasing them. Heck of alot faster too!
|