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It's an enormous risk, you can calculate all you want now, but by the time you actually get the thing together and start mining the market will probably be completely different. So there's no way of predicting how much money you'll make, especially in the long term.

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I woulden't personally. But the best mining rig would be an intel celeron or AMD sempron(basically the cheapest CPU you can find) then find one with 4PCIe slots. Then buy risers and splitters and plug as many R9 280xs as you can afford and a 1500w 80+ gold/Platinum PSU. Not a lot of thought has to go into these really. 

"If you do not take your failures seriously you will continue to fail"

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There is a bunch of new asics coming out and some for Litecoin, so once they hit ht market the difficulty will skyrocket. I would watch the market and make a investment when you see a crash and then learn to follow the trends so when the asics FINALLY hit the market you will know what you are doing and 3k will buy a pretty boss asic. To answer your question I would say wait and if you have a current desktop that can mine I would mine a little just because it is fun to watch the value and not be worried about making 3k back.

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thank for the advaise evryone

If you want to do it I would suggest :

 

 
CPU:  AMD A4-4000 3.0GHz Dual-Core Processor  ($43.68 @ Mwave) 
Motherboard:  Asus F2A85-V ATX FM2 Motherboard  ($109.48 @ Newegg) 
Storage:  A-Data Premier Pro SP600 64GB 2.5" Solid State Disk  ($49.99 @ TigerDirect) 
Other: Asus r9 280x dcuII  ($475.00)
Other: Asus r9 280x dcuII  ($475.00)
Other: Asus r9 280x dcuII  ($475.00)
Other: Asus r9 280x dcuII  ($475.00)
Other: Asus r9 280x dcuII  ($475.00)
Other: Thermaltake SP-750PCBUS ($60.00)
Other: Thermaltake SP-750PCBUS ($60.00)
Other: Thermaltake SP-750PCBUS ($60.00)
Total: $2808.14
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2014-03-06 10:16 EST-0500)
 
With that rig, you would approximately get 3.5 MH/s which, today, could get something between 18$ and 25$  per day. To that amount, you would need to subtract the cost of electricity.
 
With that rig, you have the capability to add another 280x with no other hardware needed.
Spoiler

 

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There is a bunch of new asics coming out and some for Litecoin, so once they hit ht market the difficulty will skyrocket. I would watch the market and make a investment when you see a crash and then learn to follow the trends so when the asics FINALLY hit the market you will know what you are doing and 3k will buy a pretty boss asic. To answer your question I would say wait and if you have a current desktop that can mine I would mine a little just because it is fun to watch the value and not be worried about making 3k back.

 

 

thank for the advaise evryone

 

 

Also, to those saying that asic miners are coming and that gpu mining rigs are doomed, well I have a few arguments for still using gpus rigs. 
 
1- Asic miners made by a handful of companies, will be out of stock as soon as they hit the market, and new units will be released real slow and at a rising cost (just like 280x, 290, 290x from december to this day);
2- Seeing point 1, the difficulty will not skyrocket as if everyone magically switched to high gear on asic miners;
3- Asic miners will require a huge up front investment and are therefore not for the mining mass;
4- The key advantage of Asic mining is less power usage per Kh/s. In Canada (in my case Quebec), as well as a lot of other countries, electricity is not that expensive. I, for instance, pay an increase of around 150$ per month for 11 280x mining, which isn't that big of a deal. Keeping in mind that asic miner are not powerless, this makes the power saving of switching to asic a lot less, and quite null compared to the added cost. That being said, a lot of people are not interested.
5- Gpus, psus, mobos, ram, cpus,  have a resale value outside of the crypto realm. Asics do not.
Spoiler

 

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I want to say no , the profitability has dropped insanely , 

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Also, to those saying that asic miners are coming and that gpu mining rigs are doomed, well I have a few arguments for still using gpus rigs. 
 
1- Asic miners made by a handful of companies, will be out of stock as soon as they hit the market, and new units will be released real slow and at a rising cost (just like 280x, 290, 290x from december to this day);
2- Seeing point 1, the difficulty will not skyrocket as if everyone magically switched to high gear on asic miners;
3- Asic miners will require a huge up front investment and are therefore not for the mining mass;
4- The key advantage of Asic mining is less power usage per Kh/s. In Canada (in my case Quebec), as well as a lot of other countries, electricity is not that expensive. I, for instance, pay an increase of around 150$ per month for 11 280x mining, which isn't that big of a deal. Keeping in mind that asic miner are not powerless, this makes the power saving of switching to asic a lot less, and quite null compared to the added cost. That being said, a lot of people are not interested.
5- Gpus, psus, mobos, ram, cpus,  have a resale value outside of the crypto realm. Asics do not.

 

6- scrypt-N, scrypt-jane, and sha-3. There will always be new coins to outrun the ASICs, gpus aren't going anywhere.

You are free, act like it~Warfairy. Moar guns. B) #3Dprinting

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