Hello Crypto world - if you like this idea, please spread it to people in the hopes it could actually come together.

   I have been really trying to imagine another interesting idea for a coin to get everyone involved... Another DOGE if you will to help spread the word.  

   I like the idea of aurora coin, although with the airdrop being 31 coins valued (currently at 1.3btc) way to high, I seriously expect a massive selloff, as im sure most of you do.

   I had an idea for a fingerprint coin - a coin that would allow every person on earth to claim their 1/7,000,000,000th of the pie.  Its an idea.

   But what made me come to the forum of the smartest most awesomest bitcoiners I know was the phone idea.  Would it be possible for us to make a coin that could be mined ONLY from phones.  How hard would it be to ensure only phones were used?  Somehow link the ability to mine to GMS signal and phone number?  Phones are something we all seam to have nowadays, and if we could combine this with a productive algorithm, it could be interesting.  The most important part however is how easily it would be to get people involved.  

   "Hey, have you heard of that PhoneCoin thing?  Download it and it just runs when you want it to and you can actually spend your coins on real stuff and games and whatnot, can even sell it on exchanges for real btc"

   We could even make a tiny exchange made for single trade volumes of no larger than like .01 BTC (the phones wouldnt mine much, and I wouldnt expect the coin to be very valuable) so people could trade into any currency from the same app they mine with.  Only reason I say tiny is because I feel as though we could safely build something like this with maximum transfers of such a small size safely, and with minimum risk to everyone involved.  We would also need to try for some way to use almost 0% of the phones power.  Remember, its not about the hashes, its about everybody gets one.  Someone with the latest iphone should mine at the same rate as me with an iphone 3g.

   I believe in crypto from a theoretical standpoint, and the more I have learned, a technical standpoint.  Unfortunately I dont have any of the experience necessary to create a coin, or anything close, nor do I have the funds to make it happen alone.  

   I am looking for any and all feedback.  Think its a none sense idea?  Please explain why.  Think its possible and worth working toward, lets talk!

If you guys like the idea and think it could work, help me start a bitcoinstarter campaign and lets make this happen.  

Follow me @CryptoMarketing for free mintcoin, yin, yang, doge, and occasionally BTC

Thats so much for the input fellas.  I plan on using two 750 watt power supplies.  If my research has led me in the right direction, I need to look for modular PSU's so I can power only the GPU's with the second.

Still thinking that going with the 7850's is going to be my best bet right now for the price per kh.  5x of these cards right now is only around $850 after tax and shipping and should hash between 1.5 - 1.7 MH/s.  The r9 270's (according to https://litecoin.info/Mining_hardware_comparison) should only hash between 420-470KH/s.

HOWEVER - While writing this post I am doing the most recent searches on these cards, and it looks like they can be found (r9 270's) for about $185 each after shipping.  So putting 5 of these which is comparable in price to the 7850's should hash about 2.2MH/s. 

Awesome, on my way to find two PSU's at the right price, and hopefully get some stuff ordered.  Ill post pictures when this is all setup and hashing, again, I cant thank you guys enough for the input, a single post by one of you can change my system for the better each time.

Great, ill look into that.  Thinking about going with the Gigabyte GA-990FXA-UD3.  Holds 6 GPU's, so if I do go R9 270 itll leave plenty of room for upgrades.  Also going to use one 750w PSU for the mobo and a card or two, and have an extra for the other cards.  Its far more cost effective than looking at the 12-1500w PSU's, there OUTRAGEOUS !

Forgot to mention, i'm building an scrypt rig, not sha-256

but with 5 of them running at say 280kh still = 1400kh/s total vs only a total of 1200kh with two of the best 7950's, which again, will have to purchased used to get both for under a total of roughly $900 right now.

Another thought I had, is that it may be better to have 5 cards producing the same amount of kh/s instead of two (given the power consumption difference is negligible) just in case a card decides to die or underhash, you have much less invested per card.  Has anyone ever acted on this logic?  any advice? 

also, are there any motherboards that are known to run five 7850's particularly well?  Any suggestions from the gurus out there?  Already have a 6 core amd 1045t, and the ram from a previous system, both of which I need to fit into the new rig.  I truly appreciate the help friends.

I just noticed the price gap, and think it might be worth it for me to go with a 5 card motherboard with can seemingly be found for around $180 or so, with five brand new 7850's (cost of about $750/approximate hash rate of 1.7 mh/s) -OR- two used 7950's for about $700 with a hash rate of around 1.2 mh/s. 

I am fairly new to rig building, and cryptos in general.  Would I likely be better off buying these slightly less powerful cards?  The power difference is negligible as far as I can tell, its about the same as two 7950's.

https://litecoin.info/Mining_hardware_comparison

Thanks everyone, I really appreciate any suggestions or advice. 

Also, you guys heard of poolwarz.com?  Looks like a great pool for beginners, from what I can tell, you wont have to setup config files and whatnot for each particular coin, could be wrong, but thought it was worth sharing with you guys.

I understand the difference between the coins, but why are they grouped into different markets?  I assumed it was related to sha-256 or scrypt, but I would like to know for sure, and im betting that at least a couple other newbies are also confused on this issue. 

Thanks again,
Mike

What im worried about is buying hardware that isn't totally compatible.  Is there a popular site or way to determine whether or not all your hardware is compatible? 

I know that for most of you, that seems like a silly question, but I don't understand ram timings, socket type differences, etc...
Also,
this board would hold at least two GPU's correct?  Was planning on getting some risers for cooling, and do plan on having two cards.

Hello, I found this ad on Craigslist and while they don't mention anything about mining, they have the card I want, and if im not mistaken, pretty much everything thing else I need (not buying the case, going to negotiate price on the PSU, and no SSD). 

I am no computer expert, and while im comfortable putting these components together and setting up the rig, I would like some verification from the community that I am not missing something ideal for mining (odd motherboard model, crazy ram timings?...I really dont know)

Thanks so much for any feedback, this is by far the place to be if you crave information about the worlds crytocraze.

Cant get pool mining configured no matter what I do

Would be interested in buying a dollar or so if there is a place I can do it easily with paypal or something of the sort.

Thanks!

Would also love to be added to the lotto   Thanks so much,
Mike

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im in the exact same boat as you.  Would like to get in early on any new coins while the difficulty is very low.  Not worried about losing a few dollars on the power bill, only running CPU's right now, any ideas on a promising new alt coin or soon to launch alt coin?

I thought I would share a video I found recently that got my CPU up and running for the first time since I began trying to mine any alt coin.  I am a beginner with almost no background in coding or configuring applications as technical as simply setting up your solo miner.

every single pool seems to forget there are people like us out there, that desperately want to mine, but don't understand the tutorials. 

This video lays it out in a perfectly simple way, the pool mining part at the end is good as well.

http://www.youtube.com/watch?v=1f36QFGzpkY

sometimes watching someone do something is worth reading that persons how-to a thousand times.