How well could I Bit-Coin Mine with this rig?

[Pugs501]

PCPartPicker part list / Price breakdown by merchant

 

CPU: Intel Xeon E3-1231 V3 3.4GHz Quad-Core Processor  ($247.98 @ SuperBiiz) 

CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler  ($28.65 @ OutletPC) 

Motherboard: ASRock H97 PRO4 ATX LGA1150 Motherboard  ($88.98 @ SuperBiiz) 

Memory: G.Skill Ares Series 8GB (2 x 4GB) DDR3-1866 Memory  ($86.99 @ Newegg) 

Storage: Sandisk Ultra Plus 128GB 2.5" Solid State Drive  ($59.99 @ Newegg) 

Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive  ($54.99 @ Newegg) 

Video Card: Asus GeForce GTX 780 3GB DirectCU II Video Card  ($398.00 @ Newegg) 

Case: Corsair 200R ATX Mid Tower Case  ($49.99 @ Micro Center) 

Power Supply: XFX 550W 80+ Bronze Certified ATX Power Supply  ($59.98 @ SuperBiiz) 

Total: $1075.55

Prices include shipping, taxes, and discounts when available

Generated by PCPartPicker 2014-09-14 12:58 EDT-0400

I do not OC.

[Paralectic]

Not at all, you should game with that rig.

[Aniallation]

Crap cause NVIDIA

[miyabwah]

to be honest, no one bitcoin mines anymore, it's either litecoin, dogecoin, catcoin, or other. and if you want to mine, get an AMD card, because mining is very OpenCL friendly.

[Norwegiantweaker]

im guessing after 4 years u might break even with the computer and power consumption lol

[Pugs501]

What would it be like if I used my trashy old laptop to mine?  I have no use for it anymore.

[Sidiox]

First of all, why the Xeon? although it is okay for bitcoin mining is that runs mainly on the CPU it seems a bit too expensive for what it does. And BitCoin mining really isn't profitable anymore. The new mining is all about GPU mining, and although there are some coins that work well on Nvidia cards most work better on AMD cards

[Sidiox]

What would it be like if I used my trashy old laptop to mine?  I have no use for it anymore.

Maybe after 10 years you get half a coin. There is hardly any money to be made in the BitCoin market, and laptops usually preforme really bad with other coins as well

[Pugs501]

First of all, why the Xeon? although it is okay for bitcoin mining is that runs mainly on the CPU it seems a bit too expensive for what it does. And BitCoin mining really isn't profitable anymore. The new mining is all about GPU mining, and although there are some coins that work well on Nvidia cards most work better on AMD cards

I wasn't planing to Mine, I just was wondering how well it would(n't) do.

[Sidiox]

I wasn't planing to Mine, I just was wondering how well it would(n't) do.

Ah okay. Well it won't do good, maybe half a coin after 1-2 years of mining or more. But the advantage that it has is that Xeons are ment to run days on end so if left on for 24/7 then it might get a coin after those 1-2 years. Still not really impressive, but the market is dominated by those highend mining rigs

[Pugs501]

Ah okay. Well it won't do good, maybe half a coin after 1-2 years of mining or more. But the advantage that it has is that Xeons are ment to run days on end so if left on for 24/7 then it might get a coin after those 1-2 years. Still not really impressive, but the market is dominated by those highend mining rigs

Those rich Oil Drillers in Saudi Arabians with all their money.  =3

(jk)

[Snickerzz]

unless you spend 10+ thousand on an asic you wont make money 

[AK0490]

I wasn't planing to Mine, I just was wondering how well it would(n't) do.

You won't get anything by mining Bitcoins directly, ever. You could mine newer coins that use different algorithms and possibly trade them for Bitcoin, but even that is difficult to impossible to do these days unless you are up to date with the latest in mining and coin launches, which you are clearly not.

 

Ah okay. Well it won't do good, maybe half a coin after 1-2 years of mining or more. But the advantage that it has is that Xeons are ment to run days on end so if left on for 24/7 then it might get a coin after those 1-2 years. Still not really impressive, but the market is dominated by those highend mining rigs

Make up your mind, is it one year or is it ten years. (hint: it's never)

[Sidiox]

You won't get anything by mining Bitcoins directly, ever. You could mine newer coins that use different algorithms and possibly trade them for Bitcoin, but even that is difficult to impossible to do these days unless you are up to date with the latest in mining and coin launches, which you are clearly not.

 

Make up your mind, is it one year or is it ten years. (hint: it's never)

That 10 year comment was about his laptop, not talking about this Xeon rig. And with his Xeon rig if left on 24 hours a day for an entire year or two, he could get about half a coin. But it was more to underline how futile mining BitCoin is when you don't have asics. 

[AK0490]

That 10 year comment was about his laptop, not talking about this Xeon rig. And with his Xeon rig if left on 24 hours a day for an entire year or two, he could get about half a coin. But it was more to underline how futile mining BitCoin is when you don't have asics. 

The sad reality is that even the Xeon would be losing money today. The difficulty is only increasing so leaving it running for any number of years isn't going to help unfortunately. 

[Sidiox]

The sad reality is that even the Xeon would be losing money today. The difficulty is only increasing so leaving it running for any number of years isn't going to help unfortunately. 

Well yeah it would be, I didn't say it wouldn't. The amount of power it would consume over those years when running at  100% load is far higher then the money you would get from selling your bitcoins. (and ofc after a couple of years at 100% your powersupply, mobo and CPU would probably die)