Bitcoin Forum

Other => Beginners & Help => Topic started by: thomasflad on April 19, 2013, 06:09:17 AM



Title: newie about to buy hardware
Post by: thomasflad on April 19, 2013, 06:09:17 AM
just wondering if this is a good idea I am interested in build 4 7970 quad rigs for 4000. is this a good investment and will it return profit


Title: Re: newie about to buy hardware
Post by: Wjd2420088 on April 19, 2013, 06:18:36 AM
It's always good for video game :o


Title: Re: newie about to buy hardware
Post by: nobelcode on April 19, 2013, 06:19:58 AM
for me, I don't think I can make a return from GPU investment after the difficulty level this high.


Title: Re: newie about to buy hardware
Post by: horusrogue on April 19, 2013, 06:46:18 AM
Are you going BTC or alt?


Title: Re: newie about to buy hardware
Post by: thomasflad on April 19, 2013, 06:47:24 AM
was thinking btc but ltc sounds interesting too


Title: Re: newie about to buy hardware
Post by: AdamR on April 19, 2013, 07:08:02 AM
If you are truly interested in mining bitcoin skip the GPU and invest in ASICS. Spend as much many as you can on pre-order Avalon Asics and get a board member to build you a rig.


Title: Re: newie about to buy hardware
Post by: Signus on April 19, 2013, 07:57:55 AM
I would use the Bitcoin Mining Profitability Calculator http://www.bitcoinx.com/profit/ (http://www.bitcoinx.com/profit/)

Based off of your initial cost $4000 (assuming that you don't have to buy extra equipment), an average of 685MH/s a card (if you OC a little), the current difficulty. You're looking at 0.153 BTC/24h, and running 1000W (max), it would take you a year to generate that back.


Title: Re: newie about to buy hardware
Post by: Cryptorig on April 19, 2013, 09:30:10 AM
I think it's worth doing, gpu rigs are versatile and you could switch to other coins as needed. You will get your money back eventually, just build them as energy efficient as possible with gold+ psu. I would stay away from bitcoins, that's not a good use of a gpu rig, try LTC.


Title: Re: newie about to buy hardware
Post by: Malaclypse on April 19, 2013, 09:52:18 AM
It only makes sense if BTC appreciates significantly or you'll be able to send the cards back at 50-70% of their cost in 9-12 months.