LiteCoin Mining Rig?

[Nico123473]

What would be a good rig for mining Litecoin?

[Aniallation]

What would be a good rig for mining Litecoin?

As many 280's or 290's (non-X's) as you can fit, afford, and power

[Nico123473]

As many 280's or 290's (non-X's) as you can fit, afford, and power

Nvidia alternative?

[Shd0w2]

Nvidia alternative?

750ti

[Aniallation]

Nvidia alternative?

AMD cards are giving even more gaming performance for the dollar right now comapred to nVidia, never mind mining. nVidia cards are almost useless in mining compared to AMD cards, unless you know how to cudamine properly, but cudamining isn't nearly as profitable as OpenCL

[Enderman]

An ASIC miner.

 

If you use consumer graphics cards for mining you will lose money because of power costs.

[Aniallation]

An ASIC miner.

 

If you use consumer graphics cards for mining you will lose money because of power costs.

Have the prices come down to reasonable numbers on those things yet

[Enderman]

Have the prices come down to reasonable numbers on those things yet

Nope, still cost a couple grand for the power houses. You can buy smaller USB or PCIe ASICs that are just as fast as an AMD GPU for a lot less though, and they use very little power.

 

For example this:

Mines 15x faster than a 290x, costs $200 only and uses 3x less power.

[Aniallation]

Nope, still cost a couple grand for the power houses. You can buy smaller USB or PCIe ASICs that are just as fast as an AMD GPU for a lot less though, and they use very little power.

 

Yeah true, I hear the Butterfly Labs ones are good, is this true?

[Enderman]

Yeah true, I hear the Butterfly Labs ones are good, is this true?

They make uber-powerful ASIC miners that are hundreds or thousands of times faster than a graphics card. They do cost thousands of dollars, but you can still manage to make a profit.

I think their miners are bitcoin-only, but i'm not 100% sure. Might work with litecoin too...

[RuecanOnRails]

Yeah true, I hear the Butterfly Labs ones are good, is this true?

 

 

They make uber-powerful ASIC miners that are hundreds or thousands of times faster than a graphics card. They do cost thousands of dollars, but you can still manage to make a profit.

I think their miners are bitcoin-only, but i'm not 100% sure. Might work with litecoin too...

 

 

Butterfly Labs is a complete scam of a company. Not only do they offer the worst price to hashrate in the industry, they fail to deliver on time, miners are often DOA or don't run at advertised speeds, their support is atrocious where the only way to obtain a refund is through a lawyer with legal demands. Do thorough research before throwing money at a company offering "mining" devices.

 

 

As for Litecoin mining rig, you need a Scrypt ASIC. GPU's are no longer able to mine Litecoin with positive results.

If you are wanting to do GPU mining, you will need to look into other coins with algorithms besides SHA-256 and Scrypt. 

AMD GPU's still offer much better performance and "profit potential" than Nvidia in nearly every mining situation. Given the choice, avoid Nvidia.

[Enderman]

Butterfly Labs is a complete scam of a company. Not only do they offer the worst price to hashrate in the industry, they fail to deliver on time, miners are often DOA or don't run at advertised speeds, their support is atrocious where the only way to obtain a refund is through a lawyer with legal demands. Do thorough research before throwing money at a company offering "mining" devices.

 

 

As for Litecoin mining rig, you need a Scrypt ASIC. GPU's are no longer able to mine Litecoin with positive results.

If you are wanting to do GPU mining, you will need to look into other coins with algorithms besides SHA-256 and Scrypt. 

AMD GPU's still offer much better performance and "profit potential" than Nvidia in nearly every mining situation. Given the choice, avoid Nvidia.

Idk but the highest hashrate number I have seen on any site are all butterfly labs...

 

Also AMD gpus are much better at mining then nvidia, but they are still consumer graphics cards, not meant for 24/7 mining use. A dedicated ASIC will always be the better choice, especially if your power is more expensive than 10c/KWh

[Judahnator]

Idk but the highest hashrate number I have seen on any site are all butterfly labs...

 

Also AMD gpus are much better at mining then nvidia, but they are still consumer graphics cards, not meant for 24/7 mining use. A dedicated ASIC will always be the better choice, especially if your power is more expensive than 10c/KWh

 

LiteCoin is script-based. This means it is ASIC resistant, and as of the writing of this post no ASIC's have been developed to mine LiteCoins.

 

Mining isnt for profit. You should expect nothing more than what you put into the hardware. So if you invest $500 in good hardware, you should get about $500 back. If you would like to try your luck though, your best bet would be to get a used 7970 off of Amazon to play with.

[Enderman]

LiteCoin is script-based. This means it is ASIC resistant, and as of the writing of this post no ASIC's have been developed to mine LiteCoins.

 

Mining isnt for profit. You should expect nothing more than what you put into the hardware. So if you invest $500 in good hardware, you should get about $500 back. If you would like to try your luck though, your best bet would be to get a used 7970 off of Amazon to play with.

I thought that these articles 

http://www.cryptocoinsnews.com/news/innosilicon-a2-terminator-scrypt-asics-first-28nm-chips-litecoin-dogecoin-mining/2014/04/30 

http://bitcoinmagazine.com/11125/asics-litecoin-come/

said that you could mine it with ASICs...?

[EHill]

LiteCoin is script-based. This means it is ASIC resistant, and as of the writing of this post no ASIC's have been developed to mine LiteCoins.

 

Mining isnt for profit. You should expect nothing more than what you put into the hardware. So if you invest $500 in good hardware, you should get about $500 back. If you would like to try your luck though, your best bet would be to get a used 7970 off of Amazon to play with.

 

^^^^ This is why you don't come the LTT forums for mining tips.

 

Script asic have been on the market for 8-9 months. If you do some research in places other than here you will find other algorithms  you can mine with gpu's but Its not the best time to invest in new gpu rigs.

[AK0490]

^^^^ This is why you don't come the LTT forums for mining tips.

 

Script asic have been on the market for 8-9 months. If you do some research in places other than here you will find other algorithms  you can mine with gpu's but Its not the best time to invest in new gpu rigs.

I know right? There isn't a stick long enough for me to not touch this thread with.

[Judahnator]

I know right? There isn't a stick long enough for me to not touch this thread with.

 

and yet you post on it...

[Judahnator]

I thought that these articles 

http://www.cryptocoinsnews.com/news/innosilicon-a2-terminator-scrypt-asics-first-28nm-chips-litecoin-dogecoin-mining/2014/04/30

http://bitcoinmagazine.com/11125/asics-litecoin-come/

said that you could mine it with ASICs...?

 

You can mine BitCoin with ASICs, because it is based on SHA256. LiteCoin is another matter though.

 

I looked through the articles, and it looks interesting. It gave no details on the products though, it only said that they exists. And when clicking on the link at the bottom of the page (here if you missed it) everything was pre-order only. Looking around, i saw more "asics" but they either got about the same performance as a GPU, or had some fantastic benchmarks but were for pre-order only

[AK0490]

and yet you post on it...

By touching I mean replying to the wealth of knowledge available in this thread. Sometimes you just have to let the clusterfucks evolve naturally just to see how bad they get.

[EHill]

You can mine BitCoin with ASICs, because it is based on SHA256. LiteCoin is another matter though.

 

I looked through the articles, and it looks interesting. It gave no details on the products though, it only said that they exists. And when clicking on the link at the bottom of the page (here if you missed it) everything was pre-order only. Looking around, i saw more "asics" but they either got about the same performance as a GPU, or had some fantastic benchmarks but were for pre-order only

 

Those articles are old check the dates on them. you can buy asics that ship or hosted the next day from many places, like http://zoomhash.com and http://gawminers.com

 

But right now investing in these would only be profitable if LTC jumps back to the $20-$40 range

[Mooshi]

By touching I mean replying to the wealth of knowledge available in this thread. Sometimes you just have to let the clusterfucks evolve naturally just to see how bad they get.

 

Look, we get it, you like mining. Every time I see you around you preach as if coinmining is some sort of religion that you have to defend at every given opportunity. Calm down.

[felixthemaster1]

Nvidia alternative?

As @Aniallation said, don't get an Nvidia card for this.