I have never GPU mined a currency before. I recently decided that I would like to get involved in mining (via a dedicated GPU mining rig). I also decided that my rig will probably generate 3-6 Mhashes for scrypt with 4-8 7970s (is that right?).
I would like to assemble a spreadsheet in order to see if the costs are worth it. My plan is to mine LTC in spare time and then mine new/popular coins as they come out or as they gain value. My questions are twofold:
- is it, in your opinion, worth it to build a rig right now?
- for any given coin at any given difficulty, is there any way to calculate how much of that coin I will mine at a certain hashrate (on average) without the use of a premade online calculator (because the new coins do not have such premade calculators)?
Thanks, any insight at all would be appreciated