Mining Rig

[ShittyBitcoinDrawer]

If I were to buy a mining rig that works at approx. 300 MH/s, would I see a significant increase in my hydro bill? Would it even be worth it at this point? I am planning to mine in a pool not solo.

[andrusen]

If I were to buy a mining rig that works at approx. 300 MH/s, would I see a significant increase in my hydro bill? Would it even be worth it at this point? I am planning to mine in a pool not solo.

check https://en.bitcoin.it/wiki/Mining_hardware_comparison. Search for Radeon 5850, which has approximately what you are searching for.

[jojo69]

just mine with your CPU, it actually makes your power meter spin backward and you get mass bitcoin

[ShittyBitcoinDrawer]

just mine with your CPU, it actually makes your power meter spin backward and you get mass bitcoin

How would I go about mining with my CPU?

[Roland68]

just mine with your CPU, it actually makes your power meter spin backward and you get mass bitcoin

How would I go about mining with my CPU?

forget CPU mining ...

some guys make strange jokes ...

[ShittyBitcoinDrawer]

You guys are confusing, it is even worth mining at the current difficulty?

[lassdas]

If it's worth it or not depends on hardware and power-costs.

300MH/s isnt exactly a lot these days, at current difficulty (which will probably rise) it'll net you 0.11BTC a day,
depending on the hardware used the rig might draw 150-200Watt (on a GPU), or 15-20Watt (on FPGA).

So, hard to say if it's worth it to you.

[Monkey1]

Look for the many online calculators which will tell you power costs compared to current value of BTC earnt.  This will tell you if its financially viable to continue mining with your hardware, your electricity costs, at the current difficulty level and current value of BTC.  There are too many variables to say if its viable to continue mining or not.

[Jambi]

If I were to buy a mining rig that works at approx. 300 MH/s, would I see a significant increase in my hydro bill? Would it even be worth it at this point? I am planning to mine in a pool not solo.

ASIC mining rigs are coming out soon.  They are much more cost effective.

[Badonkadonk]

If I were to buy a mining rig that works at approx. 300 MH/s, would I see a significant increase in my hydro bill? Would it even be worth it at this point? I am planning to mine in a pool not solo.

ASIC mining rigs are coming out soon.  They are much more cost effective.

"soon" might be 2 month`s, it might be 12 month`s.... all tho i dont think its worth it building new gpu rigs right now with them coming,
id say investment untill they get out would be the smart thing to do.
but thats just my 2 cents