Whoa you did 2.5 btc in 30 days? Oh that is with six 7970s eh? Oh 6.3mhash - ha that would burn down my apartment wiring.
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The Altcoin Thread
- Thread starter Dark Shade
- Start date
Whoa you did 2.5 btc in 30 days? Oh that is with six 7970s eh? Oh 6.3mhash - ha that would burn down my apartment wiring.
it would have been a lot higher of a total if I'd have been pointing everything at it but I don't think I've ever kept all of my power pointed at middlecoin. I was completely off of middlecoin for a bit when they were really low but right now I'm hinking about pointing all of my power at them but LTC has been paying decent too so I like to have a steady stream of that coming.
when everything is online I'm at around 10Mh and yeah I added 3 dedicated circuits for my mining rigs
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Judging by the difficulty numbers this morning - Middlecoin was mining Litecoin? wtf.
litecoin is always a stable fallback for scrypt
there may be a hot coin for an hour but litecoin is always slow & steady
if it drops below $20, that may all change
Well that was fun while it lasted. Gridseed just shipped the first scrypt asic miners yesterday to Taiwain buyers.
$140 per 300-360khash, uses 7 watts each, so basically it is like a 7850 in cost but a fraction of the power
ten = 3.0-3.6 mhash @ 70 watts
fortunately they seem to be selling them only in small batches as to not destroy the market
$140 per 300-360khash, uses 7 watts each, so basically it is like a 7850 in cost but a fraction of the power
ten = 3.0-3.6 mhash @ 70 watts
fortunately they seem to be selling them only in small batches as to not destroy the market
I saw the post about those. Most amusing were the people saying it wasn't all that good because of how much kh/s 280/290s get.
Anyone in their right mind would rather be using 7 watts for 360kh/s over 250 watts for 750kh/s.
I hope they do dump them on the market like crazy. AMD GPUs at under MSRP again would be wonderful.
Anyone in their right mind would rather be using 7 watts for 360kh/s over 250 watts for 750kh/s.
I hope they do dump them on the market like crazy. AMD GPUs at under MSRP again would be wonderful.
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I thought one Gridseed chip was only capable of about 80Khash/sec?
Though I'll be honest, I wouldn't mind having my living room back.
edit: Oooh... 360Khash/s IS for a 6 chip unit, and the asking price was apparently about $350 - not $140.
D
Deleted whining member 223597
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Time to save up some money I guess. ASIC's would make more sense for me since my power is about 35 cents per kWH, so GPU's are kinda tough.
no, no - it is FIVE chips per usb device, which produces 300-360khash sec per usb device
they sold a minimum of 10 set of usb devices for $1400 for ten
they only had 400 units and they sold out in minutes apparently
you can try to follow the translation here:
http://translate.google.com/transla...8&u=http://www.cybtc.com/thread-4792-1-1.html
remember gridseed isn't the only one, but they are the first
alpha-t is supposedly coming soon too
right now the only benefit is power savings (but very significant power savings) there is no initial cost savings compared to buying gpus and of course in a year if things escalate you'll never get what you paid for an asic
I've basically reached my max capacity for GPU mining before things will be taking a rather large escalation in price. I'm considering taking these motherboards I bought for the 2 GPU setups and putting them in a spare room at my inlaws and just paying for their power.
I think we'll have more time than you think. I have been watching a nice chunk of people on here give up on mining because its too hard and it seems to be happening all over the place. the crazy money back in a week is dead but if you get enough machines you can still make really nice profits.
Had to explain this to my brother. This is some sweet hobby cash flow, nothing more. Having fun and making a buck, best hobby in the world.
I hovering around my break even point with cash spent vs cash I've taken out so worst case I have a crapload of computer parts that I can sell
Vengance_01
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ahem. Even if I make 300$ a month. while small potatos, 300x6 is 1800$
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A local gent I know is selling 10 bnib 7850's... unfortunately at retail prices.
It's still tempting.
It's still tempting.
D
Deleted whining member 223597
Guest
A local gent I know is selling 10 bnib 7850's... unfortunately at retail prices.
It's still tempting.
Buy 270x's? They should be around $200 and get 450+ kh/s
A local gent I know is selling 10 bnib 7850's... unfortunately at retail prices.
It's still tempting.
lowball cash OFFER and see what happens. if they are the 1gb XFX's that were had for $109 area offer him something where you know he profits but those cards aren't goin over 310k no matter what you do. The 2gb cards really are better.
Vengance_01
Supreme [H]ardness
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get 270's. Same SP's just lower clocks.
wolfofone
Gawd
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So the onslaught of ASICs has begun then?
thebufenator
[H]ard|Gawd
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So MSI is awesome.
Had a used HD6970 die on me. Send it in, and they will be replacing it with a 7970. Woot.
Had a used HD6970 die on me. Send it in, and they will be replacing it with a 7970. Woot.
what about the Antminer U1's? anyone have a thought on them for BTC USB mining?
I haven't even been watching the BTC miners. BTC seems to be going through a new wave of ASICs that sorta destroy the first round.
the scrypt ASIC's don't scare me for around 3-6mnths. Yes some have started popping up but the first round wont render GPU's obsolete since they simply reduce power consumption. I'll order some when they're actually available and more than just vapor but as it stands I can just keep buying GPU's with the money have my ROI before the ASIC would even be shipped so in that situation it is STUPID to keep funds tied up to reserve them. I still have room for growth in GPU's so I'm going to keep doing so and eventually replace the ineffecient rigs with ASIC when they are available
collegeboy69us
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really hoping some magic happens with WDC coin here in Feb like they keep talking about... I ditched all the DOGE and SXC coins... cashed out to LTC (my fave form to hold in)
been mining WDC as fast as I can on between my 6 GPUs
been mining WDC as fast as I can on between my 6 GPUs
If that is what you are waiting for or expecting then get out of mining right now because you won't be seeing those levels of profitability again anytime soon. I do agree that LTC is what you should be holding in because I believe it is undervalued a bit but still easy to turn into USD when needed.
If LTC value goes up you will see the difficulty ratchet upward with it. Current profitability levels will be staying. There's enough power on other coins that will jump right back into LTC if profitability goes up which will bring difficulty up even more. Every single day so much more power enters the mining market. If you aren't building like crazy then you will be left with a forever shrinking amount of revenue. I am not currently holding much in coins. I have been putting nearly everything I make right back into mining because I believe there is a "window" for this to work on GPU's still and I'm going to try my best to maximize it to the best of my abilities.
Oh I don't pretend for a second it is going back to 1200. Back to 3000 would be nice.
But now with asics coming online, litecoin will be the default if not multi-coin type systems.
Each 7950 gets a real-world 600khash WU at a cost of 50 to 75 cents per day depending how expensive your power+tax is.
That means with litecoin at $24 you can only make $3 per card at 4000 difficulty.
Unless you are in a situation where you can run multiple rigs or have 220v circuit that mean you are making $12-$15 per day for four or five cards.
At 5000 difficulty that will drop to $2 per card, ($8 to $10 a day)
I'm probably out at 6000 difficulty - if litecoin stays below $25
But now with asics coming online, litecoin will be the default if not multi-coin type systems.
Each 7950 gets a real-world 600khash WU at a cost of 50 to 75 cents per day depending how expensive your power+tax is.
That means with litecoin at $24 you can only make $3 per card at 4000 difficulty.
Unless you are in a situation where you can run multiple rigs or have 220v circuit that mean you are making $12-$15 per day for four or five cards.
At 5000 difficulty that will drop to $2 per card, ($8 to $10 a day)
I'm probably out at 6000 difficulty - if litecoin stays below $25
collegeboy69us
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Sometimes I wish I had the balls to put every dime I have into building more rigs... for me though the ultimate goal isn't to become some crazy rich guy like some of the early BTC guys... but to just make enough to pay off my car (5K)
I currently run 6 GPUs (7970s and 290s) and it i were to take it any further than that I would need to start looking into running a dedicated circuit in my house, possibly 220V to get everything on it's own line. Problem is, that + the cost of electricity each month while trying not to touch any of the coins I mine (I hold nothing but LTC and WDC at the moment)
My last electric bill was $136 -- keep in mind that's a lot for a SINGLE guy who's gone to work 12 hours a day, doesn't own a TV or any other crazy electric gizmos. Also it's Texas so the cost per kwh is cheap, i think i currently pay 8.5 cents per kWh
If I don't mine -- my electric bill is almost nothing, only electrical devices I have that pull any kind of serious amps is my dryer and my stove (which I never use)
I told myself what I was going to do is sell off like 2 or 3 LTC per month to pay for chunk of my electric bill, I find myself just holding onto the coins because when they do reach a prime sellable point, I'd be kicking myself.
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He's a miner. He *knows* what they're "worth". But I did send a lowball anyway, given Newegg's sale today.
Yeah but here's a thought.
With the introduction of dozens of other coins, it dilutes litecoin's perceived value to the general public, they don't understand or care that it was the first alternative. The bitcoin-only exchanges still have not picked up litecoin, and if they do, they may pick up others.
So what if litecoin never goes above $25 again? What if the dilution gets even worse and litecoin eventually sinks to the sub $1 value of all other coins?
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50/50 rule: Take your profits on half while you stash the other half.
Or you modify the 50/50 rule to whatever percentage you're comfortable "gambling" with. It's just like any stock really. After all, there's nothing saying that some scandal isn't going to rock a company like GE or Johnson & Johnson right down to the core tomorrow absolutely demolishing their market cap. You take what the market gives you and what you're comfortable with accepting.
collegeboy69us
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I personally think after a while these super alt coins, the fad of mining "DOGE" or Cat coin will fade.
Any retard can invent a coin these days -- question is: is there a market for it? is there a use?
this "me too" approach will eventually wear thin and in there should be a huge return to the core BTC/LTC thing.
Arguing that X currency could crash tomorrow doesn't really mean much to me... that can happen with anything. I think the hardest thing to learn in a game like this is when you do cash out, be HAPPY! You are getting money for (practically) free... and if you profit by $500 or $1000, that's money in the bank. If you are always holding out to sell for money money you will always miss the train.
Any retard can invent a coin these days -- question is: is there a market for it? is there a use?
this "me too" approach will eventually wear thin and in there should be a huge return to the core BTC/LTC thing.
Arguing that X currency could crash tomorrow doesn't really mean much to me... that can happen with anything. I think the hardest thing to learn in a game like this is when you do cash out, be HAPPY! You are getting money for (practically) free... and if you profit by $500 or $1000, that's money in the bank. If you are always holding out to sell for money money you will always miss the train.
People aren't using LTC. They are holding it for investment.
People however ARE using dogecoin, trading, tipping, etc.
Take away the name for a second so we get over it's origin as a meme.
Now, if you were just getting into crypto currencies, would you rather mine all day with low end hardware and get 0.00000100 coins, or 100 coins?
Because that is pretty much what people like about dogecoin and why it is becoming so popular. People don't like tiny fractions of a coin, even if both numbers translate into the same value in USD.
You think people will "come back" to LTC. I am not so sure and worry about it.
I think if dogecoin and the others burn out, they will just make others.
I think litecoin is going to get pulled down to the single digit dollar value of other alt coins.
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Because people are stupid and don't realize there's absolutely no difference between the two.
There's a reason they're called scamcoins.
nvgrim
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care to explain to me how you think doge is a scam? You LTC people get so mad about any other alt coin. I see people coming into the dogecoin subreddit all the time saying how they tried to be a part of the ltc/btc community but everyone is so hostile and thinking any new coin is trying to steal their thunder. Not our faults LTC has been around $25 for the past few weeks and not going anywhere else.
There is nothing scam about doge. It's a cryptocoin just like all the rest. The community around it is pretty fun though, unlike LTC/BTC which is a bunch of srs business types. You aren't gonna make a million with doge, and that was never the point.