ASIC Hardware???

[discowookie]

Hi there world,

I was wondering if anybody could tell me what the best ASIC hardware to mine altcoins and if i can turn a bitcoin ASIC machine in to one for scrypt and other coins?

also what would be a good bitcoin minnier to get for cheap?
ta world

[NeuroticFish]

One ASIC can work for one specific algorithm.
I know of ASIC for SHA-256 (Bitcoin and very few altcoins use this algo).
I know of ASIC for scrypt (Litecoin, Dogecoin, ...)

Most new altcoins don't have ASIC done for them (some are even ASIC resistant).
So you'll have to read some more, since there are a lot of altcoins with a lot of algoritms.

[discowookie]

Cheers fish,

I know of ASIC for SHA-256 (Bitcoin and very few altcoins use this algo).
I know of ASIC for scrypt (Litecoin, Dogecoin, ...)

Could you suggest two machines for theses two?

and im guessing or the others i have to use my GPU or CPU?

[Rabinovitch]

AntMiner S7 (or wait for some new machines like LKETC or Avalon) and MAT (Alcheminer) 256 MH/s respectively. 

[discowookie]

thanks Rabinovitch will check those out

[toptek]

if starting out


for sha 256 aka bitcoins and a few others imo  if you do alt coins stick with the script type . the sha 256 type don't pay to well right now unless you mine some of them as you mine BTC

S3

 http://www.ebay.com/itm/Free-Shipping-Bitmain-Antminer-S3-Bitcoin-ASIC-453-GH-s-bit-coin-miner-S5-S7-/311459730189?hash=item488472530d
 
S5


http://www.ebay.com/itm/Bitmain-Antminer-S5-Asic-Bitcoin-Miner-SHA256-1155-GH-BRAND-NEW-/272008627254?hash=item3f54fa4436

shop around for prices these are examples to give some idea what to look for

script coins there are few. i list the top two highend ones and then one or two at 200 or so

This one has really dropped in price so some thing is coming soon or ltc  type coins are becoming worth less fast  

this the best most stable type Scipt miner you can buy  

http://www.ebay.com/itm/A2-Terminator-110-Mh-s-scrypt-litecoin-miner-/262067839213?hash=item3d0475e0ed

the next one and it costs the most  to me is not worth the cost  because OF KNC's   lame way of ripping others off  


http://www.ebay.com/itm/KNC-Titan-Scrypt-Miner-300-MH-S-2-of-7-/151840079560?hash=item235a5fbec8


Those are just examples so youn have some idea of what to look for.

at the low end cost


grindseeds to me are the best ones for there cost , zeus might be next but are not that great you have watch which ones you buy for zeus miner

http://www.ebay.com/itm/Gridseed-G-Black-23-26-MH-Scrypt-Coin-Miner-Built-In-Raspberry-PI-And-PSU-LTC-/301753134546?hash=item4641e36dd2

http://www.ebay.com/itm/ZeusMiner-Thunder-X6-Low-Power-Scrypt-Asic-20MH-s-Litecoin-Miner-/301759900899?hash=item46424aace3


for zeus miner unless you have cheap Electricity even then i wouldn't buy any X3  ,I would only buy the ones marked as  X6  , X3 and lower are power hugs.

be very care with someone saying they have GEN 3 Zeus miner for sell unless they can prove they have them they were never made, GEN 3 as far i know were not X3's . and Zeus went bad about then and started ripping off customers to bad to they had a good product at The time that could have been another bitmain for Script miners. i can't prove but i feel and until im proved wrong Zeus some how ripped off  bitmain kind of why bit main got out of Scpit miners all to gather . anyone can tell me diff but I won't believe it . if A2 and titan still sell good   . and they do .


check here for nice deals

https://bitcointalk.org/index.php?board=75.0

[discowookie]

thanks toptek very helpful

[VirosaGITS]

thanks toptek very helpful

No one seem to have asked you your electricity cost rate. What do you pay for your electricity? There are more recommendation that would be very good for you if you have 0.07$/kWh or less.

Older gen hardware tend to be sold very cheap. You can typically get twice the hashrate for the $.

[discowookie]

VirosaGITS,

i pay about £0.06 for it

[VirosaGITS]

VirosaGITS,

i pay about £0.06 for it

That seem expensive, i'm not sure you could ROI the S7 before the halving. If you can, it could be worth a shot. If you cannot, i don't think there's anything on the open market atm that would work for you. If you need to pay for heating, instead heating with an ASIC would be worthwhile however.

[discowookie]

VirosaGITS,

i pay about £0.06 for it

That seem expensive, i'm not sure you could ROI the S7 before the halving. If you can, it could be worth a shot. If you cannot, i don't think there's anything on the open market atm that would work for you. If you need to pay for heating, instead heating with an ASIC would be worthwhile however.

it works out to about $0.09

[VirosaGITS]

VirosaGITS,

i pay about £0.06 for it

That seem expensive, i'm not sure you could ROI the S7 before the halving. If you can, it could be worth a shot. If you cannot, i don't think there's anything on the open market atm that would work for you. If you need to pay for heating, instead heating with an ASIC would be worthwhile however.

it works out to about $0.09

Yes that seem too expensive. There's nothing to recommend since you probably pay 3 time what the network's average pay.

On a S7, if your total investment for one S7 is 2000USD, with a mere 2% increase rate it would take 500days to ROI, if there was no halving. With the halving in 9~ months, you simply have no chance unless the BTC price go up by quite a bit.

You could mine the S7 for a few months and then sell it before people realize it will be worth very little soon. Or before a S9 or other such major event that would make it obsolete.