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Author Topic: I'm in the market for a used mining rig  (Read 3961 times)
MoonShadow (OP)
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November 21, 2012, 07:14:31 PM
 #21

cards are going for about 280 on ebay. mb 90, ram and cpu...and the psu?

If i could get that for under 1000$ i would jump at it too...

That isn't an insane price, but it is on the high end for used equipment on this site. I've bought quite a few 5970s for $200 on here recently.

ebay = 13% off the top guaranteed as well (to ebay and paypal). People alwaaaays neglect to mention that.

Half is a pretty good deal though imho.

If I'm losing money at half price, it's not a good deal.  I can't make it up on volume.  If the components are worth that much more to the gamers, sell to the gamers, but eventually that market is going to be saturated as well.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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firefop
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November 21, 2012, 07:43:17 PM
 #22

Throw a price at me... and I'll get back to you with a quote on a rig.

MoonShadow (OP)
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November 21, 2012, 08:36:55 PM
 #23

I sent you a pm.

I'm still considering your proposal, but your price point is still beyond the total amount of bitcoins I presently possess.  I'm also looking into the possibility that gas prices have gone down enough that it would actually be more economical to pay for a direct vent gas heater and a new gas line, and use the cost difference to buy some more bitcoins.

I'm torn really.  It's looking like the gamer market is going to have to come down pretty far for a GPU rig to be within reach, even if the cost of the power isn't a concern of mine. Again, I expect that to happen as GPU miners switch to ASICs or close shop, but that might not be for weeks.  It's not in my own interest to get into any hurry here, so I won't be down that.  I'm not buying a shiny toy, I'm buying an investment.  I might not be doing it at all, if I need the funds for something else.  I live in an old house built over 100 years ago, with 3200 square feet of (heated) living space; plus a bonus room over the detached garage.  It's the bonus room that I'm looking to heat here.  However, another opprotunity has dropped into my lap.  I have a big family, and even 3200 feet is getting to be a bit tight.  A really large house (6 bedrooms, 4.5 bathrooms, a claimed 7K square feet) has appeared very close to where I live within my means, but only barely.  It's even older than mine, and likely needs much work done, including being converted back into a single family home from a stint as a multi-family.  It's in a section of Old Louisville (http://en.wikipedia.org/wiki/Old_Louisville) known as "Millionaires' Row", and it's basicly the result of the real estate crash.  The landlord who rented it out as three, two bedroom apartments aparently gave it up to the bank.  If I end up moving, I might buy a rig or two later, but more likely I'd give out rackspace in the cold sections of the house (beyond the reach of the toddlers) in exchange for the waste heat paid for by the actual owners of said units.  But only under the condition that they only run during the local heating season.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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November 21, 2012, 09:36:13 PM
 #24

^ Not as fun Cheesy second pm sent Smiley


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bcpokey
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November 22, 2012, 12:42:19 AM
 #25

cards are going for about 280 on ebay. mb 90, ram and cpu...and the psu?

If i could get that for under 1000$ i would jump at it too...

That isn't an insane price, but it is on the high end for used equipment on this site. I've bought quite a few 5970s for $200 on here recently.

ebay = 13% off the top guaranteed as well (to ebay and paypal). People alwaaaays neglect to mention that.

Half is a pretty good deal though imho.

If I'm losing money at half price, it's not a good deal.  I can't make it up on volume.  If the components are worth that much more to the gamers, sell to the gamers, but eventually that market is going to be saturated as well.

Yeah sorry man, but hardware is A) large, B) heavy and C) worthwhile for other uses.

You are very unlikely to find a 1kW machine for < $500, no matter how many GPU miners jump ship. For example, the 5830, the cheapest, most energy wasting, strongest (in its class) GPU on the market pulls like 300MH/sec? Roughly 7 to 2GH/1kW, even at $50 per card, that's already $350, toss in a 2x $25 CPU, 2x $25 Mobo, and $100+ PSU + cables/extenders/splitters/etc. (I dont remember the wattage on the cards but 180/card sounds reasonable, you can do a crap PSU I guess, and potentially blow up the system or burn down your place), and before shipping you're at $500 bucks, for potentially the most discounting you can do on a system outside of slitting your own neck.

BUT, hope springs eternal, I don't want to say that NO ONE will ever discount their system beyond that.
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November 22, 2012, 01:12:57 AM
 #26

I recommend getting a 7970 rig. I have one in quad fire and it dominated on benchmarks and gaming. And gets 2.6ghs.

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November 22, 2012, 03:16:20 AM
 #27

Here is a better idea.  But an ice making machine.  It's cheaper than a bitcoin miner.  The heat generated will heat your space and the ice made can be sold for $2 a bag at your local convenience store.  It's the same idea as you have but probably will lose you less money.  (I haven't done the numbers.)
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November 22, 2012, 04:08:50 AM
 #28

Here is a better idea.  But an ice making machine.  It's cheaper than a bitcoin miner.  The heat generated will heat your space and the ice made can be sold for $2 a bag at your local convenience store.  It's the same idea as you have but probably will lose you less money.  (I haven't done the numbers.)

I'd be surprised if ANY place in the US at least will buy a consumption product from an average joe.. wayyy too much liability for lawsuits if some jerk decided to put a chemical/drug/whatever in with the water before freezing it.....

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November 22, 2012, 07:11:16 AM
 #29

Heat Pump

You get 3-4 times as much heat compared to simply using a plain heater/GPU.

Buy & Hold
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November 22, 2012, 10:07:20 AM
 #30

Here is a better idea.  But an ice making machine.  It's cheaper than a bitcoin miner.  The heat generated will heat your space and the ice made can be sold for $2 a bag at your local convenience store.  It's the same idea as you have but probably will lose you less money.  (I haven't done the numbers.)

I'd be surprised if ANY place in the US at least will buy a consumption product from an average joe.. wayyy too much liability for lawsuits if some jerk decided to put a chemical/drug/whatever in with the water before freezing it.....

wow.. paranoia state.
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November 22, 2012, 02:23:09 PM
 #31

I recommend getting a 7970 rig. I have one in quad fire and it dominated on benchmarks and gaming. And gets 2.6ghs.


Your recommendation sucks. He's looking at possibly making some money. Not tossing it out the window.



With that rig to obtain 2.6 ghash you're spending over $1200 only on GPU's.



I'm offering a 2ghash system in and around $600 plus shipping. .


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bcpokey
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November 22, 2012, 02:31:48 PM
Last edit: November 22, 2012, 02:52:32 PM by bcpokey
 #32

Heat Pump

You get 3-4 times as much heat compared to simply using a plain heater/GPU.

Heat pumps transfer heat, what is the heat-source? It sounds like he will be in a cold-climate (winter time) which he is hoping to stave off via electricity, not ideal for having ready sources of heat to be moved in.

Interesting thought though, I wonder how the efficiency compares to BTC generation, taking into account initial price, if his climate weren't so cold.
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November 22, 2012, 02:41:04 PM
 #33

Heat Pump

You get 3-4 times as much heat compared to simply using a plain heater/GPU.

Heat pumps transfer heat, what is the heat-source? It sounds like he will be in a cold-climate (winter time) which he is hoping to stave off via electricity, not ideal for having ready sources of heat to be moved in.

Also, the space is relatively small, and heat pumps are large machines.  Heat pumps don't really do to well around here, too many really cold nights in winter.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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November 22, 2012, 06:24:15 PM
 #34

Found a rig on ebay. http://www.ebay.com/itm/Bitcoin-mining-server-2400-mhash-s-8x-Sapphire-ATI-Radeon-5830-Video-Cards-/121019863443

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November 22, 2012, 06:57:00 PM
 #35


THATS FUNNY!
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November 22, 2012, 10:45:42 PM
 #36


LOL... from the description: "I've been running this server (hidden in the drop ceiling of my work) for a year now."
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November 26, 2012, 08:08:07 AM
 #37

It would be a better idea to mine Litecoins

Why would I want to mine for Betamax when VHS already has the market locked up?  IMHO, litecoins are never going to amount to anything, simply because there is no niche market for them that bitcoin itself couldn't compete in.

1/4 of the time it takes bitcoin for confirmations

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MoonShadow (OP)
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November 26, 2012, 11:57:39 PM
 #38

It would be a better idea to mine Litecoins

Why would I want to mine for Betamax when VHS already has the market locked up?  IMHO, litecoins are never going to amount to anything, simply because there is no niche market for them that bitcoin itself couldn't compete in.

1/4 of the time it takes bitcoin for confirmations

Silly boy....

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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December 01, 2012, 06:05:40 PM
 #39

.. excepting the mechanical parts in mining rig Smiley

(ok .. that's .. what .. a few watts per fan, but still :p )


Even the fans ultimately produce heat.  And one of my heaters already has a fan anyway.

It's pretty funny. Even the light from the monitor ultimately becomes heat when matter absorbs the photons.

                   
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December 01, 2012, 06:26:35 PM
 #40

Here is a better idea.  But an ice making machine.  It's cheaper than a bitcoin miner.  The heat generated will heat your space and the ice made can be sold for $2 a bag at your local convenience store.  It's the same idea as you have but probably will lose you less money.  (I haven't done the numbers.)

I'd be surprised if ANY place in the US at least will buy a consumption product from an average joe.. wayyy too much liability for lawsuits if some jerk decided to put a chemical/drug/whatever in with the water before freezing it.....

wow.. paranoia state.

So you'd let your kids eat the apples some stranger gave them while trick-or-treating? Takes all kinds, I guess.  Roll Eyes

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