Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: chris56a on March 27, 2014, 03:10:19 AM



Title: new to mining
Post by: chris56a on March 27, 2014, 03:10:19 AM
So I have around 2000 USD$ and I want to create a fully functional mining rig I'm pretty sure if I have someone else build it it'll cost more so I'm going to buy parts but i'm really strict about the 2000$ limit I want to do a sha-256 algorithm

suggestions
A)buy a shitty laptop and buy a butterfly labs to connect so i'll save a few bucks
or
B)buy a case motherboard-graphic card-ram(which i have 2gb laying around somewhere)-cpu- and probably just make the 2k$ limit
or
C)is there a 3rd option?

if its option (B) could someone guide me in creating a rig?


Title: Re: new to mining
Post by: somenormalguy on March 27, 2014, 03:28:28 AM
With $2k you'd be better off mining scrypt coins and converting to BTC.


Title: Re: new to mining
Post by: JayRobo on March 27, 2014, 03:29:36 AM
is it worth it still to buy GPU's for scrypt mining?


Title: Re: new to mining
Post by: southerngentuk on March 27, 2014, 04:58:25 AM
So I have around 2000 USD$ and I want to create a fully functional mining rig I'm pretty sure if I have someone else build it it'll cost more so I'm going to buy parts but i'm really strict about the 2000$ limit I want to do a sha-256 algorithm

suggestions
A)buy a shitty laptop and buy a butterfly labs to connect so i'll save a few bucks
or
B)buy a case motherboard-graphic card-ram(which i have 2gb laying around somewhere)-cpu- and probably just make the 2k$ limit
or
C)is there a 3rd option?

if its option (B) could someone guide me in creating a rig?

A = research butterfly labs, do not buy from them, you may as well toss that money in the bin.

B = Not worth it for Bitcoin, speak to others about altcoins, some claim its still profitable I believe.

C = Just buy some Antminers from bitmain, it is debatable if they will break even now but they hold the best chance. you can get 3 x 180GH/s and still have some change.


Title: Re: new to mining
Post by: chris56a on March 27, 2014, 05:05:18 AM
well i figured not to mine bitcoins I know the difficulty is way to high I'll mine alt coins but whats my best bet for scrypt or aha-256?


Title: Re: new to mining
Post by: crazyivan on March 27, 2014, 06:00:47 AM
Your best bet for scrypt is to buy Gridseed ASIC or simply to buy coins. Regarding Bitcoin, there is nothing profitable which you might get.


Title: Re: new to mining
Post by: WhiteShum on March 27, 2014, 09:09:33 AM
There are 3 variant of Scrypt
1) Buy gpu (and other hardware)
2) Buy scrypt asic NOW
3) Wait (i think 6 month) and buy very fast scrypt asic from KNC

and 2 of SHA-256
1) Cloudmining
2) Buy Asic


Title: Re: new to mining
Post by: keithcpaulk on March 27, 2014, 05:34:08 PM
Gridseed is the best option right now.It will reduce your power bill.


Title: Re: new to mining
Post by: chris56a on March 28, 2014, 03:21:55 AM
Gridseed is the best option right now.It will reduce your power bill.
I would buy that if i knew what to do?

i'm probably going to buy a shitty computer and buy a punch of usb2.0 and ant miners for sha-256

but my 2k$ is my absolute limit


could someone guide me to a website to buy ant miners and a mining computer

(bitcoin difficulty is wayy to high so I'm not mining that)


Title: Re: new to mining
Post by: catlady on March 28, 2014, 04:44:57 AM
I don't thnk you can mine scrypt coins with an antminer... I may be wrong.


Title: Re: new to mining
Post by: Equate on March 28, 2014, 07:28:02 AM
Gridseed is the best option right now.It will reduce your power bill.

Not a good option now to buy the gridseed as the knc scrypt asic is coming and you can't even get ROI even in 1 year now.


Title: Re: new to mining
Post by: chris56a on March 28, 2014, 06:02:53 PM
ok soo i'll offer someone .02 btc if you can just guide me in the right direction

-custom built mining website so I can build a rig




note: I have an old desktop I can just buy a new motherboard and i'll be set?
-point me into a direction to buy a bitcoin motherboard (don't even know if that exists)
 

I know I'm far behind in mining but something to make help me make 20$ a day
-I don't pay electricity so I believe i'll profit sooner then later


Title: Re: new to mining
Post by: pl7 on March 28, 2014, 06:17:03 PM
Maybe that will help you.

http://www.minedogecoin.com/building-a-nice-dogecoin-mining-rig-for-1000-dollars/