Would using my old rig to mine turn a profit considering electrical usage?

[h0dg1k1ll3r]

I'm brand new to mining, and was wondering if mining would cost less or more than the cost of electricity.

I'm getting a new rig soon, and wasn't sure if I should keep this to mine with, or simply sell it.

Electricity is @ 15c/kw

Here's the specs

750 watt bronze certified ultra brand psu (yeah, I've never heard of it either)

Asus Sabertooth 990FX motherboard

AMD Phenom 2 1045t 6x2.7ghz cpu

EVGA GTX 570 2gb GPU not sure which specific model, but it's factory overclocked

2tb Seagate 7200 rpm HDD

So would I be likely to turn a profit considering electrical costs?

P.S.  Sorry if this is in the wrong forum.

[zekarsalih]

I dont know many of those things but from what I know only Asics at 0,04 ct/kwh Electricity might turn profitable. What did you pay and what gh/s do they get you? At what price can you resell it?

[spazzdla]

You can only mine bitcoin with ASIC's at this point.


Perhaps consider Primecoin... not worth much but that fact might just help you.

[h0dg1k1ll3r]

You can only mine bitcoin with ASIC's at this point.


Perhaps consider Primecoin... not worth much but that fact might just help you.

K thanks willl do

[ChuckBuck]

Ouch, $0.15 k/WH!!!!!!  That's is no where near a decent rate to consider mining at all, sorry to say.

If you had said half that at maybe $0.07 or $0.08 k/WH, you'd be at the threshold of mining profitability, and only with energy efficient "Asics", not CPU or GPU's.

Just sell the parts of your rig, and buy BTC!!!  Easiest way possible.   

[djm34]

I'm brand new to mining, and was wondering if mining would cost less or more than the cost of electricity.

I'm getting a new rig soon, and wasn't sure if I should keep this to mine with, or simply sell it.

Electricity is @ 15c/kw

Here's the specs

750 watt bronze certified ultra brand psu (yeah, I've never heard of it either)

Asus Sabertooth 990FX motherboard

AMD Phenom 2 1045t 6x2.7ghz cpu

EVGA GTX 570 2gb GPU not sure which specific model, but it's factory overclocked

2tb Seagate 7200 rpm HDD

So would I be likely to turn a profit considering electrical costs?

P.S.  Sorry if this is in the wrong forum.

yeah, you could have posted it on the math forum and have lots more answer to your problem... (and they really do math on these forums, here, people just give opinion based on their best opinion... mostly)  

also the 570 is rather old and won't get you good hashrate...

[adaseb]

You can't really mine anything with that video card. You can only CPU mine and no matter whether you CPU mine or GPU mine, you will never make a profit since you pay for electricity.

You can't even turn a profit even if you buy an efficient SHA256 ASIC.


Sorry....

[Oscilson]

You will not make profit as your electricity price is high and you have too few graphics cards.

[nwfella]

You will absolutely end up paying more in electricity to mine X number of coins than you will simply purchasing them.  Heck of alot faster too!