Should i get into Litecoin mining?

[The Great Sayain Man]

Hey guys i have been reading a lot about folding/mining of Litecoin/Bitcoins and i wonder if i should get into that kind of stuff.

I think that it's to late for bitcoins but there is still hope with Litecoins. For Christmas i will be getting about 1000€ and i wonder if i should build a folding rig. What i came up with until now is this

 

 

PCPartPicker part list: http://pcpartpicker.com/p/2eTiB

Price breakdown by merchant: http://pcpartpicker.com/p/2eTiB/by_merchant/

Benchmarks: http://pcpartpicker.com/p/2eTiB/benchmarks/

 

CPU: Intel Pentium G3220 3.0GHz Dual-Core Processor  ($59.99 @ Amazon) German Price: 48.13

CPU Cooler: Be Quiet DARK ROCK 2 57.9 CFM Fluid Dynamic Bearing CPU Cooler  ($74.99 @ NCIX US) GP: 51.92

Motherboard: Gigabyte GA-Z87-HD3 ATX LGA1150 Motherboard  ($114.99 @ Newegg) GP: 88.55

Memory: G.Skill Ripjaws X Series 4GB (2 x 2GB) DDR3-1333 Memory  ($38.99 @ NCIX US) GP: 36.53

Storage: Samsung 840 EVO 120GB 2.5" Solid State Disk  ($99.99 @ Amazon)  GP: 82.77

Storage: Western Digital Red 1TB 3.5" 5400RPM Internal Hard Drive  ($69.98 @ OutletPC) GP: 57.91

Video Card: Asus Radeon R9 280X 3GB Video Card (2-Way CrossFire)  ($316.13 @ Newegg) GP:278.89

Video Card: Asus Radeon R9 280X 3GB Video Card (2-Way CrossFire)  ($316.13 @ Newegg) GP:278.89

Case: Fractal Design Define R4 (Black Pearl) ATX Mid Tower Case  ($89.99 @ Microcenter) GP:86.09

Power Supply: Corsair RM 750W 80+ Gold Certified Fully-Modular ATX Power Supply  ($129.99 @ Amazon) GP: 103.83

Total: $1311.17

(Prices include shipping, taxes, and discounts when available.)

(Generated by PCPartPicker 2013-12-04 11:36 EST-0500)

 

Total German Price is 1108.51€. Do you think this will be a good foling rig? How many litecoins will it mine per day? Do you think this is ok or do you think that i'm going full retard? Is this just me or why does this seem like way to easy to be true?

 

 

Thanks for helping me.

[firest0rm]

who is paying the power bill?

[needmorewood]

just want you to know that people mine coins and fold proteins. no one folds coins

yea 2 r9 280x's are great for that just dont set them up in crossfire when you do it. set up 2 workers and have one on each card

[Mooshi]

If it's a mining rig, you are wasting your cash on giving it proper desktop storage. Literally the only thing that would matter is a quality motherboard, power supply and the AMD cards themselves. For everything else, you get the bare minimum since they aren't going to be used anyway. Ditch the SSD and get the cheapest HDD possible.

[The Great Sayain Man]

who is paying the power bill?

My parents but i asked my dad if that was ok and he said yes but only if i pay the half of the power that that pc will consume while mining. (We have nice green eco electricity so it's a bit pricy a 27 cents the kwh. The system will consume about 600 Watts and 0.6 x24= 14.4 x 30= 432 x 0.27= 116.64/2 = 58.32.)

[The Great Sayain Man]

If it's a mining rig, you are wasting your cash on giving it proper desktop storage. Literally the only thing that would matter is a quality motherboard, power supply and the AMD cards themselves. For everything else, you get the bare minimum since they aren't going to be used anyway. Ditch the SSD and get the cheapest HDD possible.

I don't want the HDD to fail that's why WD Red also i just love SSDs. (I'm optimizing for silence that's why i over spend on some parts. I wan't to sleep while mining litecoins. (My room is only  20 m² so i won't have the option to put it like 10 meters away from me)

[Mooshi]

I don't want the HDD to fail that's why WD Red also i just love SSDs. (I'm optimizing for silence that's why i over spend on some parts. I wan't to sleep while mining litecoins. (My room is only  20 m² so i won't have the option to put it like 10 meters away from me)

 

Just get the SSD. All you'd really need is an OS installed + the mining software. Not sure how much this will help since those cards will be stressed out and will probably ramp their fans up to an annoying loud RPM.

[Missioncode]

Just get the SSD. All you'd really need is an OS installed + the mining software. Not sure how much this will help since those cards will be stressed out and will probably ramp their fans up to an annoying loud RPM.

Well if he is doing that he can just boot off a USB and run linux really. I mean a 16GB flash drive would be plenty for the OS, minning software, drivers, and folding@home. (maybe not the wallet though that like @ 2GBs now.)

[kuzimins]

http://pcpartpicker.com/p/2eUDS

 

About the same price, but with 3 280x's.

[The Great Sayain Man]

Just get the SSD. All you'd really need is an OS installed + the mining software. Not sure how much this will help since those cards will be stressed out and will probably ramp their fans up to an annoying loud RPM.

I'm fine with the cards running at 90-95 degrees. (Nice AMD thinks it's fine. Also i have like 5 bequiet silent wings fans left over and these will be quiet and give me a good airflow)

[The Great Sayain Man]

http://pcpartpicker.com/p/2eUDS

 

About the same price, but with 3 280x's.

Sleeping... 

[The Great Sayain Man]

Well if he is doing that he can just boot off a USB and run linux really. I mean a 16GB flash drive would be plenty for the OS, minning software, drivers, and folding@home. (maybe not the wallet though that like @ 2GBs now.)

I don't want the storage to fail because if that happens my coins are gone rigth? 

[Missioncode]

I don't want the storage to fail because if that happens my coins are gone rigth? 

No. The Pool stores your LTC untill you cash out. Then you can send them to your real PC for safer keeping. Also there are online wallets also also you can create a backup wallet that you can import and export. (save my ass once.)

[The Great Sayain Man]

No. The Pool stores your LTC untill you cash out. Then you can send them to your real PC for safer keeping. Also there are online wallets also also you can create a backup wallet that you can import and export. (save my ass once.)

ok then i will ditch the wd red.  Since it seems like you know a lot Litecoin mining could you tell me how many LT i will to per day? And if it will be profitable (power will run me about 1.91€ a day)

[JLCitadel]

I don't want the storage to fail because if that happens my coins are gone rigth? 

 

Lol no they're stored in your LTC. Get a flashdrive for like 5$ with 64 gigs like the ones linus just made a video about, do it all on there. Then get a solid stable HDD for later on when you do store them and treat it like ur baby.

 

As for your 'noise' you do realize those AMD cards will be louder then anything? so it doesnt matter if the rest of the rigg is. Put a tv in ur room, or use your computer to watch movies while u sleep and it mines. Better then having just a fan whinning. 

 

you dont need a case at all, just get an open stand. unless you have a messy dusty or wet room. Get a cheap 10$ case. You don't need a cpu cooler just the stock heatsink will work. Go down to 2gigs of ram. for another 20$ you can get platinum efficiency and 860 watts from seasonic, so if you add anymore gpus later youll be good, and it has a 98% effiecney I believe? It's 98 or 94

 

I'd grab your cpu and ram off ebay btw, super cheap old products brandnew.

[JLCitadel]

ok then i will ditch the wd red.  Since it seems like you know a lot Litecoin mining could you tell me how many LT i will to per day? And if it will be profitable (power will run me about 1.91€ a day)

 

You won't make enough to make it worth it. (I'm pretty sure, not a Litecoin expert lol but someone else should answer.)

[The Great Sayain Man]

You won't make enough to make it worth it. (I'm pretty sure, not a Litecoin expert lol but someone else should answer.)

Weird from what i have read so far that thing should mine about 1.5 LC a day which is like 40€. 40- 1.91= 38.09 how is that not profitable?

[upliftsleet1974]

That should get about 900 k/h so it should be good

You may get more but going 24/7 you will get about 0.50 ltc a day and 3.23 a week....

So in short at the price it is now I would go for it.....But I would hold on to some of your coins I think the price may hit $100 a ltc (that is as long as btc stays up in price)

[tobben]

just remember ... don't confuse folding with mining.. they are two seperate things entierly, folding is a form of charity where processing power is put to good use while mining is purely profit, also is this system going to be dedicated towards mining only and nothing else? not going to use it as a normal pc aside from mining? if so you should make it more barebones... it will probably take you a while to earn back the money of the initial system purchase going with a full system like this case ssd+ harddrive etc.. you want to make the build more plain and mainly buy parts just so that it is functional for mining and nothing else, basicly you want to surround the gpu's with the essential hardware required to make them run stable, because at the end of the day that's your only goal, to get the gpu's to mine.

[Bonsai99]

I'm fine with the cards running at 90-95 degrees.

You might be fine with it, but the cards likely won't.

[The Great Sayain Man]

You might be fine with it, but the cards likely won't.

Why not? I think that was AMD's thing? Hotter but moar power. 

[JLCitadel]

Weird from what i have read so far that thing should mine about 1.5 LC a day which is like 40€. 40- 1.91= 38.09 how is that not profitable?

 

I was under the impression 1.5 would be more like a double 290x setup. I figured you'd make about half that. Do the math with hashing

[JLCitadel]

Why not? I think that was AMD thing? Hotter but moar power. 

 

Lol just because a stock heatsink sucks and a company lets their products overheat or reach higher tempretures to seem like they're more powerful doesn't make it good for the gpu.

 

You should wait till decent aftermarkets come out, grab them, and if you ARE going to have a case, have 3 decent fans for intake and exhaust.

 

It may not improve performance but will improve longevity.

[The Great Sayain Man]

I was under the impression 1.5 would be more like a double 290x setup. I figured you'd make about half that. Do the math with hashing

What is hasing? Lol (I'm a noob...)

[The Great Sayain Man]

Lol just because a stock heatsink sucks and a company lets their products overheat or reach higher tempretures to seem like they're more powerful doesn't make it good for the gpu.

 

You should wait till decent aftermarkets come out, grab them, and if you ARE going to have a case, have 3 decent fans for intake and exhaust.

 

It may not improve performance but will improve longevity.

DCU2 is pretty awesome...  Also warranty.