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Title: Making a profitable rig for altcoin Post by: manav1112 on October 16, 2013, 03:19:27 AM Hi can someone recommend me the hardware for making a profitable rig for altcoins?
I was thinking I have a old desktop, so i would just upgrade the GPU to a: $200 Radeon 7950 which should recover cost in 100 days through WDC. But surely there must be better GPU mining solutions for more profit? Title: Re: Making a profitable rig for altcoin Post by: Hazard on October 16, 2013, 03:32:03 AM Mining is not profitable. Especially if you're doing a 1 GPU rig.
Title: Re: Making a profitable rig for altcoin Post by: Leehoya on October 16, 2013, 03:33:29 AM A few gpu or 10++ gpus would be profitable. 1 wont get you really far.
Title: Re: Making a profitable rig for altcoin Post by: BitshireHashaway on October 16, 2013, 03:52:58 AM Mining is not profitable. Especially if you're doing a 1 GPU rig. And especially if your using that 1GPU to mine WDC. I would recommend switching to each coin right as its created (so you have a decent amount of hashing in it compared to the overall), and building up a small stake. Then if the price rises a lot, you make a lot of money and if it doesn't rise than it doesn't. Title: Re: Making a profitable rig for altcoin Post by: int3ractivodular on October 16, 2013, 11:51:57 PM Mining is not profitable. Especially if you're doing a 1 GPU rig. If you have free power, work the exchanges, and mine coins on release, it's stupidly profitable. Title: Re: Making a profitable rig for altcoin Post by: manav1112 on October 17, 2013, 03:57:19 AM Mining is not profitable. Especially if you're doing a 1 GPU rig. If you have free power, work the exchanges, and mine coins on release, it's stupidly profitable. Title: Re: Making a profitable rig for altcoin Post by: hulk on October 17, 2013, 06:23:20 AM Hi can someone recommend me the hardware for making a profitable rig for altcoins? I was thinking I have a old desktop, so i would just upgrade the GPU to a: $200 Radeon 7950 which should recover cost in 100 days through WDC. But surely there must be better GPU mining solutions for more profit? Not profitable as you forget about your motherboard, power supply, ram and etc. You would be paying a total of $800 just to house 1 GPU. Title: Re: Making a profitable rig for altcoin Post by: 110110101 on October 17, 2013, 06:56:15 AM ... Work the exchanges and mine coins on release? Meaning? ??? Mine new coins as they are released on the Altcoin forum (here) while the difficulties are lower. Take your current coins to the exchanges, cryptsy, mcxnow and others, sell when the price is high, buy back when the prices are lower. Do this over and over and your wallet will grow. Probably much faster than running 1x7950. But nothing is free so the rewards will be from your efforts on the exchanges. More efforts == more rewards. Title: Re: Making a profitable rig for altcoin Post by: manav1112 on October 17, 2013, 07:46:35 AM Hi can someone recommend me the hardware for making a profitable rig for altcoins? I was thinking I have a old desktop, so i would just upgrade the GPU to a: $200 Radeon 7950 which should recover cost in 100 days through WDC. But surely there must be better GPU mining solutions for more profit? Not profitable as you forget about your motherboard, power supply, ram and etc. You would be paying a total of $800 just to house 1 GPU. Get 5+ GPUs at minimum, else it won't be profitable too much. The time to breakeven will be the same though.. its not like I will get the GPU's cheaper for buying 5 of them at once. BUT I just may do that as its not a bad idea, if I do that and get $8 - $9 a day xD... Work the exchanges and mine coins on release? Meaning? ??? Mine new coins as they are released on the Altcoin forum (here) while the difficulties are lower. Take your current coins to the exchanges, cryptsy, mcxnow and others, sell when the price is high, buy back when the prices are lower. Do this over and over and your wallet will grow. Probably much faster than running 1x7950. But nothing is free so the rewards will be from your efforts on the exchanges. More efforts == more rewards. EDIT: by that u would mean altcoins in purgatory on this list, correct: https://bitcointalk.org/index.php?topic=134179.0 |