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Title: Would like to rent SCRYPT hashing power Post by: Trowar11 on November 26, 2013, 07:01:32 PM Hi everyone,
Does anyone have any SCRYPT hashing power they are willing to rent to me? It would need to be configured to use my specified altcoin pool and login/password. I'm looking for around between 5-10 KH/s at a flat rate payment for 1 week. Afterwards I may choose to extend for another week, etc. As I have no trust rating, payment would be made in full, in advance and by PayPal however I'd like to see some evidence you are trustworthy as a provider. Thanks in advance. Title: Re: Would like to rent SCRYPT hashing power Post by: mcramer on November 26, 2013, 07:22:31 PM hey Trowar I'm new too-
I am just wondering... what altcoin are you wanting to mine? I have R9 290xs which are great for mining but even at full hash 880+ I'm only looking at making $33 a day mining litecoin :/ how is that even worth it after electricity? would you share or pm me what coin you are mining? If it's something I haven't heard of I'll give you the hashing power for free- thx Title: Re: Would like to rent SCRYPT hashing power Post by: Damnsammit on November 26, 2013, 07:28:58 PM I'm looking for around between 5-10 KH/s at a flat rate payment for 1 week. Afterwards I may choose to extend for another week, etc. I believe you are looking for 5-10 MH/s, correct? 5-10KH/s is like what my iPhone can hash at... maybe less. I am just wondering... what altcoin are you wanting to mine? I have R9 290xs which are great for mining but even at full hash 880+ I'm only looking at making $33 a day mining litecoin :/ how is that even worth it after electricity? I believe $33 a day is wrong, but if it isn't, then that is a hell of an energy draw considering it costs over $12,000 to power that card for a year!? Title: Re: Would like to rent SCRYPT hashing power Post by: Trowar11 on November 26, 2013, 07:43:38 PM I'm looking for around between 5-10 KH/s at a flat rate payment for 1 week. Afterwards I may choose to extend for another week, etc. I believe you are looking for 5-10 MH/s, correct? 5-10KH/s is like what my iPhone can hash at... maybe less. I am just wondering... what altcoin are you wanting to mine? I have R9 290xs which are great for mining but even at full hash 880+ I'm only looking at making $33 a day mining litecoin :/ how is that even worth it after electricity? I believe $33 a day is wrong, but if it isn't, then that is a hell of an energy draw considering it costs over $12,000 to power that card for a year!? My bad, you are correct 5-10MH/s. It's been a long day at work! Title: Re: Would like to rent SCRYPT hashing power Post by: mcramer on November 26, 2013, 08:58:04 PM wait, what?
$12,000/year, no... anyway, I have 4 of them- the R9 290x, and combined hashing power I *think* should be around 3500- Using that figure, at dustcoin.com I came up with the $33 day before electricity- and I am thinking it's not even worth it! Am I wrong? With 4 of these cards operating should I be earning more? What altcoin are you going to mine anyway? Title: Re: Would like to rent SCRYPT hashing power Post by: Damnsammit on November 26, 2013, 09:02:29 PM Using that figure, at dustcoin.com I came up with the $33 day before electricity- and I am thinking it's not even worth it! Am I wrong? With 4 of these cards operating should I be earning more? $33/day * 365 = $12,045/yr 8760 hours in a year, so you are saying you use more than $1.375/hour in electricity? Or at $0.12/kwh you are using more than 10,000watts of power for 4 cards? Title: Re: Would like to rent SCRYPT hashing power Post by: Trowar11 on November 26, 2013, 09:05:51 PM I may mine a few different coins, they are all a risk really. I would probably start with DGC and ANC. There would be no guarantee ofa profit, you just need to pick a few any hope they'll increase in value.
How many R9's do you have to use that level of electricity? It would have to be a fair few cards to make a loss if you were mining $33 profit a day. Title: Re: Would like to rent SCRYPT hashing power Post by: Bill Bisco on November 26, 2013, 09:07:45 PM Hi mcramer,
Out of curiousity how do you use those R9 290x. Do you have to install them in a PC you assembled yourself? Or, can you just attach them to an existing one and put them to work somehow? Thanks, Bill Title: Re: Would like to rent SCRYPT hashing power Post by: mcramer on November 26, 2013, 09:21:52 PM $33/day * 365 = $12,045/yr 8760 hours in a year, so you are saying you use more than $1.375/hour in electricity? Or at $0.12/kwh you are using more than 10,000watts of power for 4 cards? I hope not- but nice figures though- I actually don't know how to factor in electricity cost as I'm in London and we pay it quarterly. I really have no idea what we're paying per kwh :\ However the cost of wear on the cards, -if they would even hold up that long- and the dedicated system I need running it since the cards are in full use- It doesn't seem realistic to assume 365 day mining for me. I would just have to hope the value of litecoins would skyrocket for it to be *profitable* enough to mine ltc. Title: Re: Would like to rent SCRYPT hashing power Post by: mcramer on November 26, 2013, 09:24:32 PM I may mine a few different coins, they are all a risk really. I would probably start with DGC and ANC. There would be no guarantee ofa profit, you just need to pick a few any hope they'll increase in value. How many R9's do you have to use that level of electricity? It would have to be a fair few cards to make a loss if you were mining $33 profit a day. thx - I have four of them, but I have no idea how much electricity they use since I just bought them. I am aware that they run hot and suck down the juice from the wall like there's no tomorrow, and am a bit skeptical I suppose that I can actually do this profitably and make it "worth while". DGC looks like one I'll try- as you said, just hoping the mining pays off in the long term with buy and hold. |