Is My Rig good for Mining?

[lynn_402]

No brother.

Switch to cloud mining please.

Cloud mining would be quite worse than mining with a GPU you already have.

The rates there are ridiculous, and only the company makes money on that. Plus, it encourages the centralization of mining.

Yes. They give us a small fraction of what we pay but there are a few hosting sites where we can choose our own pool. The price is bit higher than cloud mining price but it is better. They pay all the hosting and maintenance fee for 1 year. In some we can only mine for few days which will be insufficient to get the BTC you spent. Always calculate what might be the outcome of the action.
Kindly,
       MZ

A calculator like this one: https://bitcoinwisdom.com/litecoin/calculator is a good way to know what the contract could give you, by considering the increases in difficulty.

[Muhammed Zakir]

No brother.

Switch to cloud mining please.

Cloud mining would be quite worse than mining with a GPU you already have.

The rates there are ridiculous, and only the company makes money on that. Plus, it encourages the centralization of mining.

Yes. They give us a small fraction of what we pay but there are a few hosting sites where we can choose our own pool. The price is bit higher than cloud mining price but it is better. They pay all the hosting and maintenance fee for 1 year. In some we can only mine for few days which will be insufficient to get the BTC you spent. Always calculate what might be the outcome of the action.
Kindly,
       MZ

A calculator like this one: https://bitcoinwisdom.com/litecoin/calculator is a good way to know what the contract could give you, by considering the increases in difficulty.

I use coinwarz.com calc. You can compare other currencies and you can see which coin is more profitable. You can also you individual calculator. It is good for people who want choose more profitable coin.
Kindly,
        MZ

[lynn_402]

I use coinwarz.com calc. You can compare other currencies and you can see which coin is more profitable. You can also you individual calculator. It is good for people who want choose more profitable coin.
Kindly,
        MZ

Coinwarz' calculator has the disadvantage of not considering the increases in difficulty, which is actually the most important variable.

It's fine when calculating for short-term, but it is not accurate at all for longer-term.

[littlewizard]

CPU is ok, GPU is not.
I suggest you use 750 Ti as GPU.
Check your mother board to see how many PCIe it supports

[ranochigo]

CPU is ok, GPU is not.
I suggest you use 750 Ti as GPU.
Check your mother board to see how many PCIe it supports

Mining doesn't use much of the CPU, so if you insist on that CPU, it is ok. However, it can overheat easily since it is so old and likely to be already degraded. You can find a cheap CPU at a even cheaper rate. I suggest you to just custom built a new computer for mining. It can have a better airflow if you use crates to built one. I doubt you can profit from mining by building one rig. Most coins isn't stable or already have a high difficulty so it's difficult to profit from mining.

[Bitsaurus]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

[beegatewood]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

I think the rig worth much more then $30 just not worth for mining..

[lynn_402]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

It seems to be OP's main computer, not sure he'd want to sell it just to get some cryptos.

[ranochigo]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

It seems to be OP's main computer, not sure he'd want to sell it just to get some cryptos.

IMO, the computer is very very slow. It would be more logical to get a new computer. He should be able to get a new computer for a very cheap price. I personally believe it can sell around $100 or so, sure worth it to try out BTC or get a new computer.

[MrBtcSenior]

I was about to try mining with my 750Ti but I'm sure it isn't profitable anymore...

[Bitsaurus]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

I think the rig worth much more then $30 just not worth for mining..

Well I live in the Los Angeles area and if I asked more than $30 for that rig it wouldn't even get a lowball offer.  Obviously the value will vary based on region.  If the OP doesn't need the machine best bet would to sell it and buy BTC directly given the current fiat price drop.

[nwfella]

Absolutely not.  You'll burn far more in electricity and wear and tear (particularly if this is your main computer) than you will ever generate in coin(s). 

[lynn_402]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

I think the rig worth much more then $30 just not worth for mining..

Well I live in the Los Angeles area and if I asked more than $30 for that rig it wouldn't even get a lowball offer.  Obviously the value will vary based on region.  If the OP doesn't need the machine best bet would to sell it and buy BTC directly given the current fiat price drop.

If sold only as a mining rig, sure, but this is a good PC which gamers would pay a few hundred dollars for.

[milan74]

It is really bad, especially the NV610, an entry level GPU.

[milan74]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

I think the rig worth much more then $30 just not worth for mining..

Well I live in the Los Angeles area and if I asked more than $30 for that rig it wouldn't even get a lowball offer.  Obviously the value will vary based on region.  If the OP doesn't need the machine best bet would to sell it and buy BTC directly given the current fiat price drop.

If sold only as a mining rig, sure, but this is a good PC which gamers would pay a few hundred dollars for.

Even games need a good GPU, the current GPU is too bad, it is even worse than the integrated GPU of a new I5 or I7

[ranochigo]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

I think the rig worth much more then $30 just not worth for mining..

Well I live in the Los Angeles area and if I asked more than $30 for that rig it wouldn't even get a lowball offer.  Obviously the value will vary based on region.  If the OP doesn't need the machine best bet would to sell it and buy BTC directly given the current fiat price drop.

If sold only as a mining rig, sure, but this is a good PC which gamers would pay a few hundred dollars for.

Even games need a good GPU, the current GPU is too bad, it is even worse than the integrated GPU of a new I5 or I7

I don't think this GPU can be compared integrated graphics. Using integrated graphics cannot run most of the games and needs to be at the lowest settings. I believe that GPU and integrated graphics is at the same level of performance.

[Cranky4u]

Invest in your own power supply for mining rigs and anything is profitable over an extended peroid (post power source payment).

I started BTC mining in 2010 and poured my 1st gen of profits into a 1.5kW solar panel array for my house. That was when GPUs were profitable and ASICs were stilla pipe dream.

With the advent of current ASICs, a hybrid power source (300W solar + 300W wind turbine) for about $500 will see you with an independent power supply. Set up your miner via an UPS, I got 3 for $1 each on evil bay (2nd hand), and use the RS232 interface to wake & sleep your mining rigs based on battery power levels. Depending on your current draw, you could get 24 hours use for something like a 30GHs R-box or 12~18 hours for a couple of mining setups.

[Bitsaurus]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

I think the rig worth much more then $30 just not worth for mining..

Well I live in the Los Angeles area and if I asked more than $30 for that rig it wouldn't even get a lowball offer.  Obviously the value will vary based on region.  If the OP doesn't need the machine best bet would to sell it and buy BTC directly given the current fiat price drop.

If sold only as a mining rig, sure, but this is a good PC which gamers would pay a few hundred dollars for.

Are you kidding?  The GT610 is the lowest entry level card nVidia has and is essentially a free after rebate type product.  Intel HD4000 blows it away, let alone HD4600.  For $200 you can build a PC that's 4x as fast from Microcenter.  But that's neither here nor there.

A PC is not really meant to be used for mining currently since all the driver hackers end up GPU mining any CPU coin.

[Chemistry1988]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

I think the rig worth much more then $30 just not worth for mining..

Well I live in the Los Angeles area and if I asked more than $30 for that rig it wouldn't even get a lowball offer.  Obviously the value will vary based on region.  If the OP doesn't need the machine best bet would to sell it and buy BTC directly given the current fiat price drop.

If sold only as a mining rig, sure, but this is a good PC which gamers would pay a few hundred dollars for.

No gamers will buy that PC as they can't play new games on it for high graphics quality at a high frame rate.

[lynn_402]

Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.

I think the rig worth much more then $30 just not worth for mining..

Well I live in the Los Angeles area and if I asked more than $30 for that rig it wouldn't even get a lowball offer.  Obviously the value will vary based on region.  If the OP doesn't need the machine best bet would to sell it and buy BTC directly given the current fiat price drop.

If sold only as a mining rig, sure, but this is a good PC which gamers would pay a few hundred dollars for.

Are you kidding?  The GT610 is the lowest entry level card nVidia has and is essentially a free after rebate type product.  Intel HD4000 blows it away, let alone HD4600.  For $200 you can build a PC that's 4x as fast from Microcenter.  But that's neither here nor there.

A PC is not really meant to be used for mining currently since all the driver hackers end up GPU mining any CPU coin.

Even so, it's still worth a lot more than 30$. It would be silly to sell it that price to buy coins.