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Title: What else do i need to know? Just bought a new rig 4x7950 Post by: spinx on April 07, 2013, 08:47:32 PM Hi so i bought a new setup just to try minig, i know about ASIC's and all that,
i got a good price for the HW so if it doesnt payoff to mine i can just sell it with minimal loss. Anyway, this is the hardware:
+ a big plastic box and some frames. (inspired by taco) What should i think about before i start to mine? Regards, spinx Title: Re: What else do i need to know? Just bought a new rig 4x7950 Post by: WeTradeCoins on April 07, 2013, 08:58:59 PM I would say go mine LiteCoins isntead, and with the LiteCoins you will make simple trade them for BitCoins on an exchanger like BTC-e.com
now the bitcoin mining is dominated by ASICS so you will actually make more profit if you mine LTC and simply trade them for BTC If you looking for an LTC Pool, feel free to check www.WeMineLTC.com (http://www.WeMineLTC.com) We will be happty to have your power there!! Regards! Title: Re: What else do i need to know? Just bought a new rig 4x7950 Post by: spinx on April 07, 2013, 09:17:03 PM I would say go mine LiteCoins isntead, and with the LiteCoins you will make simple trade them for BitCoins on an exchanger like BTC-e.com now the bitcoin mining is dominated by ASICS so you will actually make more profit if you mine LTC and simply trade them for BTC If you looking for an LTC Pool, feel free to check www.WeMineLTC.com (http://www.WeMineLTC.com) We will be happty to have your power there!! Regards! This sounds great, i will investigate further ;) as i am a total noob i would like more input on this choice from other users aswell. If it turns out i go for LiteCoins i will join the LTC Pool! My hardware should arrive in 3-4 days so i hope to be up n running before next weekend. Please provide me with a list of software and optimal settings for 7950 if you have it! Do i still need my bitcoin wallet or do i register for a LiteCoin wallet? thanks! Is this the right steps if i want to mine LTC in a pool? 1) Register at http://litecoin.org/ 2) Create a Wallet, store the key securly 3) Register at http://www.wemineltc.com/ for example 4) At wemineltc, under Account Details -> Payment Address, enter my key from the LiteCoin Wallet 5) Download cgminer 6) Configure with something like this "cgminer.exe --scrypt -o stratum+tcp://eu.wemineltc.com:3333 -u workername -p workerpw -I 13 --auto-fan --auto-gpu --gpu-engine 880-1000" Is this the way to go if i want to mine LTC? Title: Re: What else do i need to know? Just bought a new rig 4x7950 Post by: dphillippi on April 16, 2013, 07:36:45 PM i just bought a similar rig with 4 x 7950.
but with 16gb ram - sounds like you might need 8bg for litecoin (with 4 cards) Title: Re: What else do i need to know? Just bought a new rig 4x7950 Post by: spinx on April 16, 2013, 10:21:20 PM i just bought a similar rig with 4 x 7950. but with 16gb ram - sounds like you might need 8bg for litecoin (with 4 cards) Ok, please link to a page where i can confirm this. Have 8gb ddr3 somewhere in a box :D Title: Re: What else do i need to know? Just bought a new rig 4x7950 Post by: dphillippi on April 16, 2013, 10:51:28 PM https://bitcointalk.org/index.php?topic=155213.0
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