700$/€ mining rig

[Stijndopjes]

Hi guys,

 

me and my dad want to try and mine bitcoins or litecoin, but we are total noobs to mining.

i do know how to build a pc and how to pick parts but i dont know what i need to buy for mining.

the budget is 700-800$/€

we want to use it for just mining.

thx in advantage 

[Bluejay0]

No. Get an array of ASIC miners

[MikeTz]

A dual core CPU

7950's 

2GB ram

Good mobo(not cheap)

Even better PSU

 

If mining litecoins.

Do not mine bitcoin,because you wont see any profit in a longgggg time

But if you want to mine bitcoins then buy an ASIC miner

[N0ksuu]

Back in the day when i used to mine, the best AMD card was the fastest miner.

https://en.bitcoin.it/wiki/Mining_hardware_comparison

Look for the card(s) that fits your budget whit the biggest Mhash/s

[cjeffcoatjr]

Euros or USD? Their is a difference in price.

[Stijndopjes]

Euros or USD? Their is a difference in price.

euros but its basically the same because of the exchange rate's

[Stijndopjes]

 

No. Get an array of ASIC miners

 

i cant find any for around 700%? could you recommend one

[Bluejay0]

i cant find any for around 700%? could you recommend one

 

700% Miner? OK

 

Avalon-asics.com

[Stijndopjes]

700% Miner? OK

 

Avalon-asics.com

oeps   i mean 700$

[Bluejay0]

oeps   i mean 700$

 

Look into USB Asics if you need.

[DarrenP]

Look into USB Asics if you need.

The thing with the USB ASIC's is that the PC needs to be on 24/7, and the yield out of them isn't worth the energy costs. It will just be a negative experience to use them. I think he would be better to go with a full out PC which will provide more output than the little ASIC miners. 

 

Just from my experience with the whole mining situation. 

[Bluejay0]

The thing with the USB ASIC's is that the PC needs to be on 24/7, and the yield out of them isn't worth the energy costs. It will just be a negative experience to use them. I think he would be better to go with a full out PC which will provide more output than the little ASIC miners. 

 

Just from my experience with the whole mining situation. 

 

PCI USB Exapansions. Fill ALL THE PORTS!!!!!!!!!!!

[Stijndopjes]

so you guys dont recommend just our own pc with hd7950's but instead go with a prebuild miner?

[DarrenP]

PCI USB Exapansions. Fill ALL THE PORTS!!!!!!!!!!!

I understand your thinking. However most PC's in todays home environment do not have very many PCI/PCI-E/Legacy Slots. Thus at the end of the day it's not going to be worth it for him to be running his "Gaming" computer 24/7. It will alas likely shorten the life of his Gaming PC having it run 24/7. 

 

To the OP. If i were to recommend anything with my little knowledge of Bitcoin mining. I would go with the following:

AMD Athlon II X2 370K

4GB of RAM Maybe 8GB if you want to add the USB miners to the computer for more throuput. 

ASUS A88X-Plus

a 7970 or 2 Just keep adding these cards as the Bitcoins come in. 

860W Seasonic 80+ Platinum PSU. 

Cheap shitty case

Linux Mint, or Windows 7 whichever. I'd go with Linux just because you could put the saved OS money into the Usb Miners. 

 

 

My 2 cents on what i've learned from bit coins. 

[DarrenP]

so you guys dont recommend just our own pc with hd7950's but instead go with a prebuild miner?

Read the above. 

[Stijndopjes]

Thx for the help guys, we'll just start with a custom pc and maybe later add some usb mining devices  B)

[DarrenP]

Forgot to add, if you don't go with any USB Miners, and you do something like this, you can get 2 7970's:

http://pcpartpicker.com/p/26vNL

 

It's $81 dollars over budget, however i guarantee to you if Bitcoins retain their current value for a few months. You'll be payed off in no time. 

[DarrenP]

Thx for the help guys, we'll just start with a custom pc and maybe later add some usb mining devices  B)

Guy, go with the second build. Much-a better!

[Thecrazyswede]

Bought a cheap 6990 used along with cheapest i3 i could find and have it running in my wardrobe

[RuecanOnRails]

Thx for the help guys, we'll just start with a custom pc and maybe later add some usb mining devices  B)

 

 

Don't buy the usb ASICS.

http://www.reddit.com/r/Bitcoin/comments/1oto74/thinking_of_ordering_an_asic_there_is_most_likely/

 

I'm assuming you already have a desktop, perhaps two? One for yourself and one for your father? If so, don't bother building an entirely separate mining rig. Simply purchase a few 7950's for each computer. Use pci extenders to separate the cards for better temps. You would likely have to run the computer without the side panel due to the extenders and how many GPU's you put in each rig. Or modify the side panel for a DIY project.

 

7950's have the best hash to $ ratio. However if they are also powering your monitor, your computer will be fairly unusable while mining.

A 7970 can mine and use the computer, but they are more expensive, and you will likely have a hard time getting the perfect settings. The 7970's are one of the harder cards to get running, in most cases people have to flash the bios to get desired results (ghz edition are bad).

 

I'd try to split your budget up, don't put it all towards mining hardware. Put some towards purchasing the actual coins directly. That way you diversify between a miner and holding the coins in case the price jumps up quickly. You need to figure out which method of acquiring coins is best for you. Mining is great for fun, experience, and helping the network effect. But if there is a price jump or difficulty jump, you might not mine enough to make back your mining hardware purchase.

 

 

Here you can compare the various GPU's for litecoin mining. https://litecoin.info/Mining_Hardware_Comparison you can then enter your hashrate into a calculator to estimate your return. http://bitcoinwisdom.com/litecoin/calculator

[Stijndopjes]

Don't buy the usb ASICS.

http://www.reddit.com/r/Bitcoin/comments/1oto74/thinking_of_ordering_an_asic_there_is_most_likely/

 

I'm assuming you already have a desktop, perhaps two? One for yourself and one for your father? If so, don't bother building an entirely separate mining rig. Simply purchase a few 7950's for each computer. Use pci extenders to separate the cards for better temps. You would likely have to run the computer without the side panel due to the extenders and how many GPU's you put in each rig. Or modify the side panel for a DIY project.

 

7950's have the best hash to $ ratio. However if they are also powering your monitor, your computer will be fairly unusable while mining.

A 7970 can mine and use the computer, but they are more expensive, and you will likely have a hard time getting the perfect settings. The 7970's are one of the harder cards to get running, in most cases people have to flash the bios to get desired results (ghz edition are bad).

 

I'd try to split your budget up, don't put it all towards mining hardware. Put some towards purchasing the actual coins directly. That way you diversify between a miner and holding the coins in case the price jumps up quickly. You need to figure out which method of acquiring coins is best for you. Mining is great for fun, experience, and helping the network effect. But if there is a price jump or difficulty jump, you might not mine enough to make back your mining hardware purchase.

 

 

Here you can compare the various GPU's for litecoin mining. https://litecoin.info/Mining_Hardware_Comparison you can then enter your hashrate into a calculator to estimate your return. http://bitcoinwisdom.com/litecoin/calculator

 

thanks for the advise! but we will just go with a separate rig so we wont have to screw up my rig because i actually need my system for work and if it doesn't work i have a problem so its way to risky. so we will just build a separate rig install linux and use it for experiments and trying to get into mining and coding.

[RuecanOnRails]

thanks for the advise! but we will just go with a separate rig so we wont have to screw up my rig because i actually need my system for work and if it doesn't work i have a problem so its way to risky. so we will just build a separate rig install linux and use it for experiments and trying to get into mining and coding.

 

Use Windows instead of linux if you can. Mining can be difficult on linux as there is very little GPU control. If you want to use linux you have to set up your rig in windows to find the perfect settings. Once you know the max settings which give the best hash rate, modify the bios to so the default setting are your overclocks and flash the GPU's.