Recommended Computer Parts for Bitcoin

[maqfaun]

I was wondering, what would be the recommend parts for bitcoin mining and will generate enough revenue so that you can make a living despite the amount of money you have to pay for your electricity. My build is a intel i5 CPU, Gtx 970 Gpu and so on. 

[Bananasplit_00]

ASIC miners are the only viable way to mine bitcoin

[DrMacintosh]

Bitcoin is pretty dead

[LienusLateTips]

BitCoin mining is ded

 

 

Ethereum somewhat works but it's almost ded

 

wait for next round of mining

[ImNotThere]

i think hes someone whos been drscribed ethereum as "its sort of like bitcoin" and who doesnt know bitcoin

i wouldnt mine anything with the 970 as its power hungry and isnt too great in general

[LienusLateTips]

1 minute ago, ImNotThere said:

i think hes someone whos been drscribed ethereum as "its sort of like bitcoin" and who doesnt know bitcoin

i wouldnt mine anything with the 970 as its power hungry and isnt too great in general

and also the fact that it isn't Pascal or AMD

[ImNotThere]

Just now, JDE said:

and also the fact that it isn't Pascal or AMD

i know people who used to mine with maxwell as they bought them when maxwell came out but its just stupid now

[Lurick]

Unless you have access to infinite free power and about 10,000 GTX 1080Ti's that you got for free, you won't make any money.

The GTX 1080Ti can pump out maybe 1GH/s

You need 10,000GH/s at 0 power consumption to make ~$370/month

 

A single GTX 1080Ti will net you about $0.03 per month at no power draw, so in essence you will lose money  

[KenjiUmino]

28 minutes ago, maqfaun said:

I was wondering, what would be the recommend parts for bitcoin mining and will generate enough revenue so that you can make a living despite the amount of money you have to pay for your electricity. 

no.

 

no because mining bitcoin with computer hardware died years ago. it's all about asics now. 

 

no because you can't make a living off of mining bicoin unless you buy a warehouse and stuff it with asics. 

 

bitcoin is dead to the average small time miner. look for a different cryptocurrency or find a better use for your hardware alltogether. try 3d rendering or folding or anything. 

[Lurick]

6 minutes ago, KenjiUmino said:

no.

 

no because mining bitcoin with computer hardware died years ago. it's all about asics now. 

 

no because you can't make a living off of mining bicoin unless you buy a warehouse and stuff it with asics. 

 

bitcoin is dead to the average small time miner. look for a different cryptocurrency or find a better use for your hardware alltogether. try 3d rendering or folding or anything. 

Agreed.

At this point it would probably be more profitable to record yourself setting a pile of $100 bills on fire and dancing around it like a madman and uploading it to YouTube, than mining bitcoin on a GPU  

[Colin Donoghue]

You need an asic miner to compete

[kirashi]

3 hours ago, maqfaun said:

I was wondering, what would be the recommend parts for bitcoin mining and will generate enough revenue so that you can make a living despite the amount of money you have to pay for your electricity. My build is a intel i5 CPU, Gtx 970 Gpu and so on. 

Get an ASIC miner and call it a day. Although you can use regular hardware to mine things, it's not as effective, and it's driving up hardware prices for the rest of us, so please don't.

[lieder1987]

11 hours ago, kirashi said:

Although you can use regular hardware to mine things, it's not as effective, and it's driving up hardware prices for the rest of us, so please don't.

I dont really understand this argument and people have been making it all over the place. How is people buying up all the cards to mine any different than people buying up all the cards to game on? Supply and demand is a thing and it is standard in business. Yes it sucks some times but its not a new concept and not unique at all.

 

Sorry rant over.

[kirashi]

14 hours ago, lieder1987 said:

I dont really understand this argument and people have been making it all over the place. How is people buying up all the cards to mine any different than people buying up all the cards to game on? Supply and demand is a thing and it is standard in business. Yes it sucks some times but its not a new concept and not unique at all.

 

Sorry rant over.

You've got a point - it certainly isn't any different than buying all the cards for regular reasons. However, take advantage of the market because certain cards are being bought for bitcoin mining to make money for the end user. Thus the manufacturers raise the prices to make more profits because they know the end users are profiting from these cards. Realistically, us consumers have no control over this since there aren't any fair pricing laws that regulate the sale of goods, so the point is still moot, but very unfair.