If I were to spend $700 on a mining rig and get 600 MH/s out of it, and get it online in a week from today, would it pay for itself eventually?
Depends on your power costs. That PC would recover its costs within 6 to 12 months. You've also got to count on bitcoin's price dropping below $10 in your calculations. Depending on your climate the extra heat generated may be welcome in winter, but cause even more power consumption in summer. It's the hidden cost of cooling that most miners never take into account. Many people once hoped that bitcoin's value would continue to go up with difficulty, yet for the past several difficulty increases this has proved to be the exact opposite. Price goes down with increased difficulty. As difficulty goes up the hype of getting rich by running your GPU flat out disappears, and with it the interest of new people to keep the whole thing going. I'm in San Diego, by the beach, so no air conditioning, we just have a window fan. The Pacific Ocean is the world biggest air conditioner and it's about 200 yards away.  So - high California power cost, but no additional cooling costs. |
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Welcome to last week. Enjoy your stay. Sorry, couldn't resist.  |
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Hello, all. I'd like to get the opinion of this forum.
If I were to spend $700 on a mining rig and get 600 MH/s out of it, and get it online in a week from today, would it pay for itself eventually?
The mining calculators say no,
At some point, new miners will stop coming in..., http://forum.bitcoin.org/index.php?topic=30536.0You think I should try to hunt down some 6990's ? I don't have that kind of cash. |
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I'm glad it helped You can now spend $100 to help Bitcoin economy  If gambling sites that take BTC count as the "Bitcoin economy", I'm half way there since Monday.  |
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Do you have to short the pins for the specific board the OP specified, or just "some" boards?
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hi..
to get these to work with a normal graphics card, do you need to mod/cut the end off so it will fit an x16 gpu?
is that standard knowledge?
Thanks
Yes, and Yes. http://blog.zorinaq.com/?e=42scroll down to "Down-plugging x16 Cards in x1 Connectors" BTW, these went in the mail this morning. |
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Using the link provided by jackjack, I specced out a 600 MH/s system on NewEgg / Amazon, with a case, for $592, shipped.
That's under the magic $1 per MH/s
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If I were to spend $700 on a mining rig and get 600 MH/s out of it, and get it online in a week from today, would it pay for itself eventually?
600 Mhps? Really? Think again: https://en.bitcoin.it/wiki/Mining_rigThanks for that link, it looks like I can go cheaper than $700 |
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Hello, all. I'd like to get the opinion of this forum.
If I were to spend $700 on a mining rig and get 600 MH/s out of it, and get it online in a week from today, would it pay for itself eventually?
The mining calculators say no, because they assume the difficulty will forever go up. But the difficulty has to stop and level off at some point, right? At some point, new miners will stop coming in, or current miners leaving, or shutting down part of their rigs will match new miners coming in. Right?
I suppose the $ value of BTC could shoot up, and that would definitely help. It could also go down.
Is it just stupid to buy a $700 new rig now? I just want to break even, without factoring in selling the used hardware later.
BTW, I currently run 1 5830 at 300 MH/s. But that was easy, I just stuck a new 5830 in my existing computer. I'm proposing buying a whole new rig. And the $700 comes from what I specced out at NewEgg. Closed case system. I can't have TOO much fan noise and hardware just sitting out.
Thanks for your opinion.
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If you guys don't know me by now, take the opposite of whatever I say and everything will come true.
Just want till Euro transfers are unfrozen.... we'll have a huge run from mt gox.
Liberty reserve can't keep up with all the withdraws already. That means a LOT more money is leaving mt gox than coming in.
Wait, so DON'T wait till the Euro transfers are unfrozen... and Liberty Reserve CAN keep up? I'm so confused. |
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I play a lot of games, but this one I keep coming back to, day after day.
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Only if it's automated. These manual games suck.
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Nice site. I "Liked" you on Facebook and entered today's contest.
The idea of selling pre-built mining rigs is good. As more casual users get into mining, this will be important. My brother in law was bugging me about mining just last night.
My one complaint is the 10 day wait for shipping. This is too long. The difficulty will go up before a buyer even gets their rig! I appreciate that you test them for a day or more before shipping, but 10 days is way too long. You need to shorten that to 2 days or less.
Good luck! When casual miners ask me how to get started, I'll point them at your site.
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Yep, payment received. They will be in the mail first thing in the morning.
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User Cory has bought the 2 extenders for 0.5 BTC.
* He will pay to address: 19BhuNximNndXN6XTYXP1CBiXCcDLtegKf
* I will ship them via regular mail (first class) tomorrow (July 21) morning. He has already given me his mailing address.
Thanks Cory!
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RandyFolds, I have 1 previous inquiry. If he doesn't want them, they are yours.
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2 PCIe 1x extender cables arrived today at my house (USA) from Hong Kong. I bought them at 9mart. http://www.9mart.com/products/2-Lots-PCI-Express-Card-Extender-Cable-PCI%252dE-1X-Riser-Adapter.html is the product. New in unopened package. I could not wait for shipping from Hong Kong, so I bought some closer to home, therefore, I don't need these. I will ship US Mail to anywhere in the US. Don't wait for shipping from China, get them in 2 days or less! I paid $9 for the pair. Make me an offer - I will take BTC or PayPal. thanks |
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everybody complaining about the fan noise.
if it bothers u that much buy a better heatsink.
Or under clock your cards and turn down the fans: > aticonfig --odsc 650,200 > aticonfig --pplib-cmd "set fanspeed 0 35" then you get quiet, AND still have some mining going on |
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Refuse to use bitcoin on any version of windows.
Yes, keep telling people that and you'll surely win over the mainstream market! Windows users are prevalent, which is a fact that has nothing to do with me. then what were you trying to get by not using the bitcoin client on windows. If you use an application that deals with money, on Windows, expect to get robbed. I think that's what he's getting at, and I agree. You and him are both WRONG. If you're running a genuine version of Windows 7, with all Windows updates installed and current, and a strong user password with some good anti virus (I recommend Norton or Kaspersky) you will be fine. It's not Bitcoins fault that there are people on Windows Xp bundled with Avast thinking that they are safe... Did anything in there imply it was Bitcoin's fault? No. |
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Refuse to use bitcoin on any version of windows.
Yes, keep telling people that and you'll surely win over the mainstream market! Windows users are prevalent, which is a fact that has nothing to do with me. then what were you trying to get by not using the bitcoin client on windows. If you use an application that deals with money, on Windows, expect to get robbed. I think that's what he's getting at, and I agree. |
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