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Author Topic: 5970s now $300 at newegg!  (Read 1981 times)
El Cabron
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November 24, 2011, 02:31:14 AM
 #1

http://www.newegg.com/Product/Product.aspx?Item=N82E16814103195

These cards I am assuming are new? Too bad a limit of only 10, lol! Smiley

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
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LordGreynick
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November 24, 2011, 02:48:57 AM
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http://www.newegg.com/Product/Product.aspx?Item=N82E16814103195

These cards I am assuming are new? Too bad a limit of only 10, lol! Smiley

Limit of 10 is easy to get around Smiley

5970s are better miners than the top end 6 series cards too .. and more energy efficient

880W for around 2400Mh/s (3 cards)

That's what I'm going to be running in my rigs

 
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November 24, 2011, 05:52:38 AM
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why can't they do that sort of price in the UK Angry

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November 24, 2011, 11:31:42 AM
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why can't they do that sort of price in the UK Angry

They are clearing stock for Radeon 7000 series launch in 1-2 months.
It will happen across all markets where those cards are for sale (unless individual merchants refuse to)

That being said, I don't see why anyone would care, mining is dead unless you run a botnet or steal electricity

Or satisfied with extremely low profits

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November 24, 2011, 05:02:49 PM
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If I get another 5970, I can get killed at twice the FPS as my current setup in BF3 Cheesy

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November 24, 2011, 05:10:05 PM
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That being said, I don't see why anyone would care, mining is dead unless you run a botnet or steal electricity. Or satisfied with extremely low profits

Or run efficient rigs and have low electrical rates.
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November 24, 2011, 11:50:43 PM
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That being said, I don't see why anyone would care, mining is dead unless you run a botnet or steal electricity. Or satisfied with extremely low profits

Or run efficient rigs and have low electrical rates.

At current price & difficulty, with 10,000mhash/s you earn ~250 bitcoins per month or a bit over 500 dollars

Even if your electricity is free that's a laugh, not to mention you subject the hardware to wear & tear..
1 5970 dies and there goes almost all of your monthly profit

(Not to mention ~9500 watts of power consumption 24/7 if the rigs are all 5830's or 5970 powered is a lot, given you earn next to nothing)

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November 25, 2011, 09:29:33 PM
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I have been running two for a few months and have been getting a consistent 1.5 ghash with clocks of 850/300. My rig is running with a flash drive and linuxcoin, all power saving features turned on in bios, non relevant power features turned off. I pull 600 watts average at the wall through my meter. I pay only $.05 per Kwh


Mining Factor 100 at the end of the time frame: 0.19 USD/24h@100MHash/s
Average Mining Factor 100: 0.20 USD/24h@100MHash/s
Power cost per time frame: 21.92 USD
Revenue per time frame: 90.85 USD
      ... less power costs: 68.94 USD

Hardware break even: 1 day
Net profit first time frame: 68.94 USD

So the above calculation is at today's price for one month on two cards. Now I will be adding two 5970's to this rig and have 4 for another one since I just bought 4 more of these cards from newegg.

They come with a 5 year warranty, so your busted card logic is dead. If they die after 5 years I am screwed. Until then I get new cards whenever one fails at $299 each.

with 4 cards I will pull maybe 1150 watts at the wall, but let's say 1200. That will be roughly $135 per month. add second rig $270 per month...PROFIT after electricity costs.

Will I pay off my rigs in 6 months? No, but I can sell my hardware for EASILY 60% of its value if I choose to. Especially the 5970's since they are still one of the best gaming cards you can get.

One decent price bump to $5 a coin over the next 6 months and I'm in GREAT shape. Not a bad place to be for a hardware/overclocking geek that hates the international banking cartels Wink

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November 25, 2011, 11:42:35 PM
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I pay only $.05 per Kwh

How so? Where?

Quote
One decent price bump to $5 a coin

hahahaha
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November 26, 2011, 03:14:08 AM
 #10

I don't know if it's just me, but regardless of what the price of bitcoins may be at right now, I still enjoy mining them solely for the philosophy that bitcoin is based on. I believe in it, and I'll keep mining as long as I'm able.

If you should choose to pity me -14GLjCUE7ohxRLvwZD2sfjKjf22Lt3UHip
Eveofwar
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November 26, 2011, 04:00:00 AM
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I don't know if it's just me, but regardless of what the price of bitcoins may be right now, I still enjoy mining them for the philosophy that bitcoin is based on. I believe in it, and I'll keep mining as long as I'm able.

Trust me, you're not alone in this.
worldinacoin
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November 26, 2011, 04:54:31 AM
 #12

I don't know if it's just me, but regardless of what the price of bitcoins may be right now, I still enjoy mining them for the philosophy that bitcoin is based on. I believe in it, and I'll keep mining as long as I'm able.

Trust me, you're not alone in this.

+1 I do as a hobby and as above.
LordGreynick
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November 26, 2011, 06:23:00 AM
 #13

I don't know if it's just me, but regardless of what the price of bitcoins may be right now, I still enjoy mining them for the philosophy that bitcoin is based on. I believe in it, and I'll keep mining as long as I'm able.

Trust me, you're not alone in this.

Here, here!
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