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Is the server down? I just tried using it as everywhere seems to be getting dos'd at the moment and had very little joy.
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If you read the newbie forum, it's full of people asking if they should start investing in a mining rig now, and about 2 pages of people saying they should, I suspect this is the reason we see the increase in the network speed.
As I mentioned in another thread, people are just making this assumption that the difficulty increase has stabilised, ignoring the fact that as soon as it does, a load of people are going to go out and buy hardware.
In under a month I reckon we'll be around 3million difficulty, and in two we'll see 6 million, any one investing now really hasn't done their home work.
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I really wouldn't invest in new hardware now, unless you are in it as an enthusiast of some sort, difficulty rates are still climbing and not at a rate that I would consider 'calm', ignoring the estimated difficulty rate, take a look at the network hash rate, it is going up every day.
If you have more money I would probably invest in bit coins if you think the currency has a future, but not in a mining rig.
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Every time i refresh the estimated difficulty increases along with the total network harsh rate (taking in to account fluxuations across the day), I'm in a similar position to yourself OP, I'm probably going to keep at it, but there just seems to be an exponential explosion the network speed right now. If you have the spare cards doing nothing, I'd sell them (as someone already mentioned their going for a lot right now) and keep your current system and carry on mining.
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I'm very new to mining and its about the time of year i upgrade my PC and i was looking into
building a dedicated mining PC.
Here are the proposed specs:
AMD Phenom II X6 1100T
Gigabyte GA-990FXA-UD7
8GB Corsair DDR3
Powercolor Radeon HD6990 4GB x2 maybe a third later on this year
Silverstone Strider 1200W Gold
Most probably running windows 7
inc HDD and Case it comes to around $2500 Australia Dollars
I would like to know how profitable mining would be with a rig like this?, would it be better to mine
in a pool or solo mine ?
What would income figures look like ?
Thanks,
Hey, IMHO your proposed rig sounds way over specced for a dedicated mining rig! If you use it for gaming as well as mining then OK, but as a dedicated rig its probably a waste of money.  I spent £380 on a dedicated, low power rig with the following spec: CPU: Sempron 140 (cheap and draws very little power) Mobo: Gigabyte GA-870A-USB3 AMD 870 (x 4 pci-e slots, includes 1 x16, 1 x4 and 2 x1 slots) PSU: 800W Corsair GS800 (decent power supply a must, this one is 80% and relatively cheap) Memory: Corsair 2GB DDR3 HD: Seagate 1TB 3.5" Sata-III 6GB/s Barracuda Green Hard Drive - 5900RPM (low power and cheap) GPU: Two XFX ATI Radeon HD 5830's (picked these for £71.99 each new, not the greatest GPU but gives the best £ to performance ratio of all GPU's) This set up gives me around 650 MH/s and produces around 0.45 BTC per day at current difficulty running 24/7, with the option of adding 2 more 5830's at a later date (when I have abit more cash handy) As for your mining options, would recommend that you stick to a pool as solo mining is somewhat of a gamble unless you have hundreds of GH/s at your disposal. A pool will give a much more consistent payout, my recommendations are www.bitcoins.lc (0% fee but bitcoin payout can be a little erratic due to them having a lower pooled power of around 500 GH/s on average) or www.btcguild.com (they have around 3,000 GH/s, more pooled power = more consistent payouts) Good luck!  *Edit - the CPU I meant was an Sempron 140* Hey koopa, does that motherboard have open ended PCI-E 1x slots? Nice board if that is the case! |
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Hello, I've recently become aware of bitcoins, not for the mining, but for the investment and trading purposes, I believe the hay days of mining are behind us, unless you caught the boat early and have used early profits to reinvest in huge mining set ups. That being said there is still a future here in bit coins, either getting involved in their day to day useage or trading them and therefore I'm following the saga of this new currency with keen interest. Even if the project fails it will of been an entertaining and interesting venture.  . |
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I wouldn't invest in hardware to mine now, like most of us, you have missed the boat.
Investing might the way forward though, the coins are quite low at the moment, after a recent hacking scandal, I suspect they'll rise in the near future.
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Solo / Enthusiast mining would die over night, but the legitimacy of bitcoins would probably increase several fold along with potentially the value.
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Pulling about 1.2 ghash/s from my 2x 5870 and 1x 6850.
I was going to be additional mining hardware but really don't think it's going to be worth it.
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Terrible troll, 4/10 for effort.
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