Mining Noob please help

[Pitou]

first time mining, im at 410 Mhash/s is this good?

my set up

                       cpu:   AMD FX-8350 Black Edition @4.5 GHz

• Motherboard
  Asus ROG crosshair v formula-z
• RAM
  8gb Patriot Viper Xtreme
• GPU
  Asus Radeon 7950
• Storage
  1TB HDD
• PSU
  Corsair CX750M
• Cooling
  Coolermaster Hyper 212 Plus
•  

[Theo]

Since youre saying Mh/s ill take it that youre mining BTC in which case, dont.

Switch over to a scrypt base currency, like LTC/DOGE and all the rest which are 23541234x more profitable than BTC, ( since you only have one GPU)

[Tricksterboom]

Definitely swap over to mining a Scrypt coin, like LTC or DOGE. You'll make a lot more worth in Bitcoin that way.

 

Doge recently took a hit in profitability with the block reward halving but Litecoin is pretty stable in terms of its profitability.

 

When I'm not renting my GPU's out to people I tend to mine using multipool which is a profit switching pool that mines in lots of currencies whichever is the most valueable at the time for their list of supported currencies.

[DaMagicalManiac]

If you can I'd get dedicated hardware.

I'd go with the cheapest CPU with the lowest Power consumption possible.

I'd go with the cheapest 4gigs of ram I can find.

Cheapest mobo I can find (maybe get one that has lots of pcie slots if you want more cards, remember you can always use pcie risers, they don't care about the bandwidth)

A 80 Plus Gold or Platinum PSU

The CPU cooler that came out of the box.

And maybe some more graphics cards (if you're script mining)

 

Better to get the best hardware now since difficulty is always going up and is never coming back down.

[Tricksterboom]

If you can I'd get dedicated hardware.

I'd go with the cheapest CPU with the lowest Power consumption possible.

I'd go with the cheapest 4gigs of ram I can find.

Cheapest mobo I can find (maybe get one that has lots of pcie slots if you want more cards, remember you can always use pcie risers, they don't care about the bandwidth)

A 80 Plus Gold or Platinum PSU

The CPU cooler that came out of the box.

And maybe some more graphics cards (if you're script mining)

 

Better to get the best hardware now since difficulty is always going up and is never coming back down.

Be careful with the Ram though I would suggest 8gb as I have read reports of people getting reduced hashrate with only 4

 

Additionally with Scrypt-N factor 8gb is necessary to achieve decent hash.

 

New algorithms are trying to drive the market away from ASIC's which are chasing the scrypt algorithm, its safer to get 8 at this stage. I have 16gb ram I was able to pick up cheap which works well and is partially future proof. 

[DaMagicalManiac]

Be careful with the Ram though I would suggest 8gb as I have read reports of people getting reduced hashrate with only 4

 

Additionally with Scrypt-N factor 8gb is necessary to achieve decent hash.

 

New algorithms are trying to drive the market away from ASIC's which are chasing the scrypt algorithm, its safer to get 8 at this stage. I have 16gb ram I was able to pick up cheap which works well and is partially future proof. 

Thanks for telling me, might of ran into problems in future thanks.

Unfortunately going from 4 gigs to 8 is about $50 for me and from 8 to 16 gigs is $100 D:

Factories please magically come back to life.