Worth start to mine

[aabro]

Hi there!

Yesterday i chose to get into mining, and i have been reading some about it. I'm slow but surely getting the basics of it, but i'm not 100% into what kind of hardware i takes...

So here is the question:

Should i build a computer with 2-3 graphics cards, or would i be better of with this: https://products.butterflylabs.com/25-gh-s-bitcoin-miner.html

And would it pay off? Or is it like throwing money out the window?

If it is profitable I will eventually upgrade

Thanks!

[Guest]

From what I have read it won't really pay off fast.

Maybe, possibly, but the money you spend on such a system takes a while to get back.

 

From what I understand it takes a long time to mine 1 Bitcoin.

[RuecanOnRails]

Do not purchase an ASIC, especially one from BFL (one of the worst companies in mining world) You can give this a read as well. http://www.reddit.com/r/Bitcoin/comments/1oto74/thinking_of_ordering_an_asic_there_is_most_likely/

 

Mining Litecoin is definitely profitable right now. It's best done high end AMD GPU's such as 7950's and 7970's give the best $ per hash.

You can look up and compare various hardware hashrates. https://litecoin.info/Mining_Hardware_Comparison

 

Add up your current GPU and see what you come up with in a calculator. For example a single 7970 can mine at 730 K/hash. .462 Litecoins = $18.52 Per day. Prices and mining difficulty can have quick unexpected swings increasing or decreasing mining profits.

https://www.litecoinpool.org/calc?hashrate=730&difficulty=1522.6087795&power=&energycost=0.10&currency=USD

[Cobiee]

LTC are at $40 ea atm, The price has quadrupled in under a week, If you have a LTC mining rig right now or a load of LTC in your wallet, Take advantage of this

[aabro]

Do not purchase an ASIC, especially one from BFL (one of the worst companies in mining world) You can give this a read as well. http://www.reddit.com/r/Bitcoin/comments/1oto74/thinking_of_ordering_an_asic_there_is_most_likely/

 

Mining Litecoin is definitely profitable right now. It's best done high end AMD GPU's such as 7950's and 7970's give the best $ per hash.

You can look up and compare various hardware hashrates. https://litecoin.info/Mining_Hardware_Comparison

 

Add up your current GPU and see what you come up with in a calculator. For example a single 7970 can mine at 730 K/hash. .462 Litecoins = $18.52 Per day. Prices and mining difficulty can have quick unexpected swings increasing or decreasing mining profits.

https://www.litecoinpool.org/calc?hashrate=730&difficulty=1522.6087795&power=&energycost=0.10&currency=USD

Thanks a lot! So i would be better off buying a new computer with 2 7950's. Rather than buy some sort of machine you plug into a computer?

And what is the most efficent way of mining; GPU?

One final question, what is Litecoin?

Thanks!

[target39]

https://litecoin.info/Mining_hardware_comparison

You can see that 5970's, 5870's, 5850's, and 5830's can output more kh/s for your money. Go on ebay. You can find the 58XX series cards for about $100-120 and get upwards of 400-500kh/s.

7950's are really good too, if you can find them for $200 or less.