Newbie first system build

[yginesta]

Hello all. I heard about all of this Bit mining a while ago and it never really caught my attention until I went over my cousins house and saw his setup. I was interested is getting into this, but wanted to know what would be the best and most reliable system to build to get my feet wet?

He uses 3 systems running dual MSI frozr cards. He couldn't tell me if there were other cards that were better or worse.

I have 3 motherboards with single PCI-E 16 slots on it so obviously I would only be able to run a single cards.

I have been reading and everyone seems to like these Ratheon 7950 cards. I just don't want to jump into all of this and build a system that won't be as efficient for the money spent.

Any help will be appreciated!

[AFox]

Don't do it, you will never get your money back!
At current difficulty, a 7950 will "mine" 0.32BTC per month. And the difficulty will continue to rise...

[mprep]

Don't do it, you will never get your money back!
At current difficulty, a 7950 will "mine" 0.32BTC per month. And the difficulty will continue to rise...

An ASIC miner is the way to go now.

[yginesta]

I have read about the ASCI systems the only problem I see with those is that They have a wait time of 2 months. At least that is what they say. In 2 months this whole thing could crash and since those Mining rigs are only designed for that purpose I will be stuck with a cube that I cant sell. If I build a computer at least I can resell the cards and make some of that money back.


I understand that one video card produces around 2-400H and one of the smaller units that cost $275 produce 4-5GH.

That is a no brainer, but I am just hesitant on if this thing will stay alive for much longer.

Thanks for the replies, really helpful!!

[deskath]

If the difficulty will continue to rise is possible to generate some bitcoins with for example ASIC Miner Erupter USB? https://bitcointalk.org/index.php?topic=241414.0 Will it pay itself?

[chrisinarose]

So would be getting into bitcoins now be a bad time?

[HarryT1923]

getting into mining bitcoins is bad yes, unless you have much capital to invest in asic..... even then we may be heading for very low mining profitability and even negative profitibility

[Bulvers]

We have a decent setup with 4 5970s water cooled and currently mining about .085 btc/day. Its not bad, considering the cards were just sitting there previously.

[yginesta]

I was just looking to buy 1 or 2 of the 5GH units. Don't want to spend that much in case something gets screwed up I only lost 600 bucks.

[zackclark70]

i have 20 rigs of 4 7450s and 1 rig of 3 7950s  i would mine LTC not BTC 1 7950 will get you nearly 1ltc a day  if you need help pm me

[yginesta]

Thank you so much bud. DO any of you know if I can mine LTC instead of BTC with the ASIC units?

[zackclark70]

Thank you so much bud. DO any of you know if I can mine LTC instead of BTC with the ASIC units?

at the min asic units dont work on scrypt coins

[Deafboy]

I'm not telling you to risk, but if you are not willing to risk, you cannot expect high profit.
On the other hand, there is nt much you can do right now.
No way to buy 1st hand Avalon anymore, if you order from BFL you will have to wait several months, and USB miners are still little overpriced (even after recent 50% discount).

And the most important thing - if you going only for profit, best option is to buy bitcoins directly. But if you are fan of technology surrounding the bitcoin ecosystem, feel free to mine on whatever you want. It's fun.

[zackclark70]

if you want a long term investment you would probably be beter off spending 500 usd on buying ltc and mabe a bit of pxc
 ( i hold 250,000 pxc 25btc worth and with in 6 months  i can see it being woth 10 times as much as now  )

[yginesta]

I am not going to lie profit is the main reason why I want to do this. I also enjoy the building process of systems. I just bought a house and don't exactly have the cash to go out and spend 3k on building 3-4 systems to mine on.

I took the chance and bought one of the 5GH miners and I am willing to wait while I build a system to get familiar with mining. I am going to build one since I already have a 850w power supply and ram. I just need to buy a motherboard and some video cards.


Hey Zack are these the cards you use? http://www.tigerdirect.com/applications/SearchTools/item-details.asp?EdpNo=7566387&CatId=8754


I want something local that I can get at Compusa or tiger direct. I can probably start with a system that runs 3 video cards. with the 850 PSU

[zackclark70]

I am not going to lie profit is the main reason why I want to do this. I also enjoy the building process of systems. I just bought a house and don't exactly have the cash to go out and spend 3k on building 3-4 systems to mine on.

I took the chance and bought one of the 5GH miners and I am willing to wait while I build a system to get familiar with mining. I am going to build one since I already have a 850w power supply and ram. I just need to buy a motherboard and some video cards.


Hey Zack are these the cards you use? http://www.tigerdirect.com/applications/SearchTools/item-details.asp?EdpNo=7566387&CatId=8754


I want something local that I can get at Compusa or tiger direct. I can probably start with a system that runs 3 video cards. with the 850 PSU

all my gpus are >  http://www.sapphiretech.com/presentation/product/?cid=1&gid=3&sgid=1157&pid=1547&lid=1

if you have a good psu you can run 3 7950s on a 850w psu ( if its a good brand )


if you have any questions ask me

[galtbit]

Good luck!

[bliskars]

A good tip would be that USB Eruptors have dropped price and are selling for 1 BTC now. This is good as a substitute for GPUS.

On the other hand, there are several people that are making boards that will take BFL Chips that they are selling that is also a good option =)

Heres a USB Eruptor miner group:

https://bitcointalk.org/index.php?topic=241434

They get 336 mh/s

[deskath]

A good tip would be that USB Eruptors have dropped price and are selling for 1 BTC now. This is good as a substitute for GPUS.

Yes the price is realy tempting and you don't need to buy expensive pc to run it.
Tell my please can i buy it and receive them to poland ?
I have some money to invest and i will be able to buy about 10 USB Eruptors.

[yginesta]

My biggest thing is something that i will never get my money back if this thing goes down. Those usb interrupts seem great but if the coin market does you will have useless USB drives.

I mean to each their own, but I can't afford to throw money at something knowing that is it goes down i won't get anything for them. That happened to me with the Satellite modding business. I bought all of this equipment and then it went down for good and I never made a profit and I could not sell the equipment.

I went ahead and ordered 2 systems

2 1000w PSU
2 MOBO with FM2 PROCs
2 HD
2 Heatsink and fans
4 MSI prozr cards
4 2GB sticks of ram

Hopefully by the end of the week I will have these 2 running.