My Prospect Litecoin Mining Rig

[manofcolombia]

Corsair Carbide Series 200R Compact ATX Case

http://amzn.to/IG2ChO

 

Gigabyte AMD FM2 A85X ATX

http://amzn.to/IDoQ3N (Notice the buy it used prices)

 

AMD A4-5300 APU 3.4Ghz

http://amzn.to/ILBBuc

 

 

Corsair CX750 Builder Series ATX

http://amzn.to/1ixIaA7

 

2x: AXPowerColor R9 270X (Notice the Amazon new price is $229)

http://amzn.to/1eNCufM

 

Kingston Hyper X Blu 4 GB

http://amzn.to/188Ugv0

 

TP-LINK TG-3468 10/100/1000Mbps Gigabit

(Because this rig will also be my media/home server and will have a script that will pause mining when a movie/file is requested)

http://amzn.to/1ax6vwa

 

And for hard drives I will be putting in hard drive/SSD that are in my current server.

 

 

Any thoughts and concerns? would love some feedback since this will be my first LTC rig right now getting 220 khash with my OC 660 ti with cuda miner...but the addiction has hit me...i need moarrrrrr!

[TheSLSAMG]

Get a single R9 290 and an Arctic Accelero Xtreme III.

[helping]

7870's are kind of lamer miner cards IMO.

[RuecanOnRails]

You can compare Hashrates here. https://litecoin.info/Mining_Hardware_Comparison

 

The build looks decent in that the essential components are not overpriced. I wouldn't recommend a case though, instead use a crate for an open air design. http://www.cryptobadger.com/2013/04/build-a-litecoin-mining-rig-hardware/

 

For only 2 GPU's you can use a case as it will produce heat, but not so much that a case causes a thermal throttle.

[manofcolombia]

You can compare Hashrates here. https://litecoin.info/Mining_Hardware_Comparison

The build looks decent in that the essential components are not overpriced. I wouldn't recommend a case though, instead use a crate for an open air design. http://www.cryptobadger.com/2013/04/build-a-litecoin-mining-rig-hardware/

For only 2 GPU's you can use a case as it will produce heat, but not so much that a case causes a thermal throttle.

Yea i was basing my purchase of those cards off that chart but a little wary of the validity of those hashrates since I don't exactly know if all have been validated but still is the best I've seen short of testing all the cards myself haha.

As for the case I understand the airflow issue but I have a cat issue so I can't unfortunately an open design like that at this point And time but I would love to have it like that in the future for further expansion. I'm a little confused at how the 1x to 16x risers work because wouldn't you still have 1x bandwidth? But I'm hoping once I'm able to have a place out of reach of the cats that I can move to a more air flow environment so that's why I tried to pick an affordable case that will have decent airflow and will serve is purpose for the mean time.

Thanks for taking the time guys. Just really ready to start taking mining more seriously and any above would be appreciate. And if anyone could shed some light on the differences with mining with massive pools as to a smaller pool that would be awesome (assuming both pools have the same share processing/fees methodology)

[RuecanOnRails]

Those hashrates are for the most part achievable if you can keep the temps down and you get a card capable of high overclocks. Not all cards are equal, but finding settings for any particular card is just as crucial as getting lucky with a high overclocker.

 

Mining doesn't require much bandwidth between the GPU and motherboard, 1X is more than enough. Don't expect to be gaming with 1x speeds though.

[BSDude]

Is R9 270x the same as 7950?

[RuecanOnRails]

Is R9 270x the same as 7950?

 

Nope, it's a rebranded 7870.

[manofcolombia]

Nope, it's a rebranded 7870.

Oh shoot thats what I thought it was...but it I just looked again think ill just be grabbing 2 280xs instead...especially since ltc prices been hovering at $40 for the last 12 hours or so

[FlakeyBanana]

make sure you have a good flow of air

[manofcolombia]

make sure you have a good flow of air

Actually thinking I might just do the plastic crate suggested and save some money on getting a case plus getting all that precious airflow. I'll just have to out it on a self somewhere the cats can't get too... And that's gonna be harder to do than mining btc and ltc at the same time haha

[Butterfish]

Actually thinking I might just do the plastic crate suggested and save some money on getting a case plus getting all that precious airflow. I'll just have to out it on a self somewhere the cats can't get too... And that's gonna be harder to do than mining btc and ltc at the same time haha

I thought about building mine out of PVC pipe. Make it look something like the InWin D-frame

[manofcolombia]

I thought about building mine out of PVC pipe. Make it look something like the InWin D-frame

If I felt like cutting a bunch of pvc I totally would haha but I'm gonna be doing this over my Christmas vacation so I'm gonna be lazy as f*** after this long semester haha I'll stick to drilling a couple holes in a crate but hell if you wanna cut and send me one I wouldn't mine (<<

[FlakeyBanana]

Dont forget to post pics once you've built it

[manofcolombia]

Dont forget to post pics once you've built it

haha will do! Probably closer to January though since the holidays and gotta do all the IRL stuff that comes with the holidays haha

[RuecanOnRails]

Oh shoot thats what I thought it was...but it I just looked again think ill just be grabbing 2 280xs instead...especially since ltc prices been hovering at $40 for the last 12 hours or so

 

Keep in mind, that the price has stayed roughly the same while the difficulty has increased 30% in the past 6 days. Mining profitability will continue to decline unless price per coin increases to maintain a steady ratio. Any calculator you use to check profits are only valid for a max of 3 days, as the difficulty adjusts every 3 days. With recent interest and everyone seeming to be building a miner difficulty will continue to increase and lower daily earnings substantially.

 

http://bitcoinwisdom.com/litecoin/difficulty

 

I'm not saying mining wont be profitable, but it likely wont stay at this high of raw profit, the difficulty will increase to close the gap. It might be worthwhile to split your investment between mining hardware and purchasing coins directly.

[manofcolombia]

Keep in mind, that the price has stayed roughly the same while the difficulty has increased 30% in the past 6 days. Mining profitability will continue to decline unless price per coin increases to maintain a steady ratio. Any calculator you use to check profits are only valid for a max of 3 days, as the difficulty adjusts every 3 days. With recent interest and everyone seeming to be building a miner difficulty will continue to increase and lower daily earnings substantially.

http://bitcoinwisdom.com/litecoin/difficulty

I'm not saying mining wont be profitable, but it likely wont stay at this high of raw profit, the difficulty will increase to close the gap. It might be worthwhile to split your investment between mining hardware and purchasing coins directly.

Yea i notice that as well as a few days ago I was mining .15 coins per day and now I'm down to .8 because of difficulty increase. It's definitely something to keep in mind however even with that in mind the 280xs can always be repurposed into my gaming rig eventually once difficulty raises too high

[RuecanOnRails]

Yea i notice that as well as a few days ago I was mining .15 coins per day and now I'm down to .8 because of difficulty increase. It's definitely something to keep in mind however even with that in mind the 280xs can always be repurposed into my gaming rig eventually once difficulty raises too high

 

Exactly, you can even resell them if need be. As long as you're not jumping in expecting the current daily profits to be consistent over months/per year as most calculators give estimate for. Same things happens when people look at buying ASIC's for Bitcoin mining.

[manofcolombia]

Exactly, you can even resell them if need be. As long as you're not jumping in expecting the current daily profits to be consistent over months/per year as most calculators give estimate for. Same things happens when people look at buying ASIC's for Bitcoin mining.

Yea it makes sense and there's always possibility to add more cards with raisers and whatnot to keep the difficulty at bay. But what's going to happen when the difficulty gets too high for average <2mhash Miners?

[RuecanOnRails]

Yea it makes sense and there's always possibility to add more cards with raisers and whatnot to keep the difficulty at bay. But what's going to happen when the difficulty gets too high for average <2mhash Miners?

 

That's the beauty of coin mining. It's self regulated difficulty adjustments make it so mining always remains at least somewhat profitable. If mining becomes unprofitable a lot of miners leave, the difficulty then adjusts downward making it profitable again If none of the miners leave and the difficulty remains high. The miners then become reluctant to sell their coins at a loss and hold, which decreases liquidity supply, but leaves demand at the same. The price then increases to compensate.

 

There's always next generation hardware just on the horizon to help increase efficiency as well.

[BSDude]

Keep in mind, that the price has stayed roughly the same while the difficulty has increased 30% in the past 6 days. Mining profitability will continue to decline unless price per coin increases to maintain a steady ratio. Any calculator you use to check profits are only valid for a max of 3 days, as the difficulty adjusts every 3 days. With recent interest and everyone seeming to be building a miner difficulty will continue to increase and lower daily earnings substantially.

 

http://bitcoinwisdom.com/litecoin/difficulty

 

I'm not saying mining wont be profitable, but it likely wont stay at this high of raw profit, the difficulty will increase to close the gap. It might be worthwhile to split your investment between mining hardware and purchasing coins directly.

Off to mining feathercoins!

[RuecanOnRails]

Off to mining feathercoins!

 

Wait I made a post about FTC not too long ago... let me find it....

 

 

Ah here it is.

 

 

did you know that FTC is 51% 'ed by someone 

 

FTC has been 51%'d several times.

 

It's no longer a decentralized currency either. They use centralized check points to fight when 51% attacks happen. Kind of providing a single point of failure in my opinion. if someone were to strong-arm the developer to implement a change that would be potentially damaging to their coin, they could place a checkpoint which doesn't require 51% of network consensus. In other words, FTC has a kill switch coded in.

Bitcoin and Litecoin do not have this kind of central control and any changes require a mass majority of the network to fully accept it.

 

http://linustechtips.com/main/topic/11026-bitcoin-q-a-ask-me-anything/?p=1147385

[manofcolombia]

That's the beauty of coin mining. It's self regulated difficulty adjustments make it so mining always remains at least somewhat profitable. If mining becomes unprofitable a lot of miners leave, the difficulty then adjusts downward making it profitable again If none of the miners leave and the difficulty remains high. The miners then become reluctant to sell their coins at a loss and hold, which decreases liquidity supply, but leaves demand at the same. The price then increases to compensate.

There's always next generation hardware just on the horizon to help increase efficiency as well.

Wow this post actually explains ALLOT and does it in a way that makes sense. Thank you very much.

And of course ever since BTC has been in the news everyone's trying to jump on btc but see that it's too hard so they come to ltc but if they aren't super serious about mining ltc will eventually leave and lower the difficulty and thus allow the more serious guys to keep going with stronger profits. Of course I'm just speculating that after this whole news of btc blows over a decent amount of people will forget about mining and only come back once it's back in the new. But it really makes sense and it's and incredibly fascinating market now that I'm beginning to understand it more and more every hour.

[notaniel101]

On a slightly un-related note, in the spring I am planning on attending a local group that believes in free trade's meeting, since it is on btc. Of course the presentation is given by a local lawyer on the legality and such, but it should be interesting either way. Hopefully he isn't too one sided on it and I can bring up something about it (mining + crypto currency in general)

[manofcolombia]

On a slightly un-related note, in the spring I am planning on attending a local group that believes in free trade's meeting, since it is on btc. Of course the presentation is given by a local lawyer on the legality and such, but it should be interesting either way. Hopefully he isn't too one sided on it and I can bring up something about it (mining + crypto currency in general)

Sounds like a great opportunity to bring up some more awareness for cryptocurrency and what it has to offer!