Best Value Miner?

[piplupgao]

I want something that will be able to pay for its self within a year and cover the power bills no budget of around $5000 but under $1000 if possible

 

And should I mine bitcoin or litecoin or some other variant?

 

HOw about just buying BTC as a "stock"?

[Tmh85]

My advice is pretty simple "Dont"

[LogicDeifying]

I want something that will be able to pay for its self within a year and cover the power bills no budget of around $5000 but under $1000 if possible

Are you rich or something...!?

[megadarkwood]

if you REALLY want to...

 

• A10-6800k (Overkill honestly...)
• cheapest motherboard with the most PCI-e slots
• A bunch of PCI-e riser cards
• TONS of fans
• Huge case/place to put it
• and finally, a ton of 7950's

[juretrn]

Yeah, I was looking at mining, and considering that difficulty goes up 10% every 2 days, you might mine 10 LTC with 2x 280X before it becomes unprofitable. so unless prices of LTC jump to over 100 $... I have to agree with @Tmh85 . 

[piplupgao]

Are you rich or something...!?

Its not like I'm really spending money its more like an investment similar to stocks, you don't have to be rich to buy $5000 worth of stocks

[Giggitygoebbels]

PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: Intel Celeron G1610 2.6GHz Dual-Core Processor ($41.98 @ SuperBiiz)

CPU Cooler: Cooler Master Hyper 212 Plus 76.8 CFM Sleeve Bearing CPU Cooler ($19.98 @ OutletPC)

Motherboard: MSI Z77A-G45 Thunderbolt ATX LGA1155 Motherboard ($89.99 @ Newegg)

Memory: A-Data XPG Gaming Series 4GB (1 x 4GB) DDR3-1600 Memory ($29.99 @ Newegg)

Storage: Western Digital RE3 1TB 3.5" 7200RPM Internal Hard Drive ($55.94 @ Amazon)

Storage: Western Digital RE3 1TB 3.5" 7200RPM Internal Hard Drive ($55.94 @ Amazon)

Video Card: XFX Radeon HD 7950 3GB Video Card (2-Way CrossFire) ($255.99 @ SuperBiiz)

Video Card: XFX Radeon HD 7950 3GB Video Card (2-Way CrossFire) ($255.99 @ SuperBiiz)

Power Supply: Cooler Master Silent Pro M2 1500W 80+ Silver Certified Semi-Modular ATX Power Supply ($326.40 @ SuperBiiz)

Total: $1132.20

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

(Generated by PCPartPicker 2013-12-10 21:33 EST-0500)

Add more graphics card when you can

[juretrn]

PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: Intel Celeron G1610 2.6GHz Dual-Core Processor ($41.98 @ SuperBiiz)

CPU Cooler: Cooler Master Hyper 212 Plus 76.8 CFM Sleeve Bearing CPU Cooler ($19.98 @ OutletPC)

Motherboard: MSI Z77A-G45 Thunderbolt ATX LGA1155 Motherboard ($89.99 @ Newegg)

Memory: A-Data XPG Gaming Series 4GB (1 x 4GB) DDR3-1600 Memory ($29.99 @ Newegg)

Storage: Western Digital RE3 1TB 3.5" 7200RPM Internal Hard Drive ($55.94 @ Amazon)

Storage: Western Digital RE3 1TB 3.5" 7200RPM Internal Hard Drive ($55.94 @ Amazon)

Video Card: XFX Radeon HD 7950 3GB Video Card (2-Way CrossFire) ($255.99 @ SuperBiiz)

Video Card: XFX Radeon HD 7950 3GB Video Card (2-Way CrossFire) ($255.99 @ SuperBiiz)

Power Supply: Cooler Master Silent Pro M2 1500W 80+ Silver Certified Semi-Modular ATX Power Supply ($326.40 @ SuperBiiz)

Total: $1132.20

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

(Generated by PCPartPicker 2013-12-10 21:33 EST-0500)

Add more graphics card when you can

Remove the HDDs and replace them with a Linux USB stick. Done. 

[Giggitygoebbels]

Remove the HDDs and replace them with a Linux USB stick. Done.

What if it dies?Maybe add another to keep another copy of the virtual wallet on there.

Are you rich or something...!?

He is.I think he is a Malaysian Chinese becoz those people are very very rich afaik.

[juretrn]

What if it dies?Maybe add another to keep another copy of the virtual wallet on there.

Or just regularly back it up to Google Drive or Dropbox. I think you can encrypt it, so it's safe. 

EDIT: you don't need a 1500 W gold PSU for 2 7950s?? Any 750 W bronze will do IMO.

[zxcvbnmmssdh]

Fastcoins or Litecoins. Fastcoins are very stable. Go to coinwarz.com and figure out what GPUs you are using and find the hash rate of those. Go to the mining calculator at the top and go to Fastcoin Mining Calculator or Litecoin Mining Calculator. Plug in hash rate, PSU wattage, and electricity cost and you will get the profit for hourly, daily, weekly, monthly, and yearly.

[LogicDeifying]

Its not like I'm really spending money its more like an investment similar to stocks, you don't have to be rich to buy $5000 worth of stocks

But you have a 3930k and 900D and a 500GB SSD and custom watercooling!

[aselwyn1]

i think BTC is not worth it anymore and litecoin is a good second choice for cryptocoin but i dont think all the other coins will ever be worth much the market it just saturated

[RuecanOnRails]

If you're looking to invest in Crypto-Currencies you are making a choice and a gamble to try and make your money go further.

 

Buying coins directly, allows you to get a set amount at a set time. A single lump sum at current prices. (you can space out your investment over time too).

 

Buying hardware to mine, is a gamble against the price and difficulty staying the same, or going down. You're hoping that you will earn more coins by mining than you could have bought on day one before it becomes no longer profitable to mine. You get a slow stream of coins coming in.

 

I'd suggest doing both, if you're interested in Crypto-Currencies and not looking for a "get rich quick" scheme then split your investment between mining hardware and buying coins directly.

When you buy Bitcoins as "stocks" there is one big difference, you can spend them freely anytime. Instead of looking for a method of cashing out, spend them as the currency they are.