Bitcoin mining has peaked my interest and I was wondering what the dollar amount of degradation by mining on a AMD 7970 would occur. I'm able to figure out my profit margin, but it doesn't include the loss of life of my GPU.
blazorthon
Glorious
- Sep 24, 2010
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I don't think that bit coin mining is particularly profitable anymore, but I could be wrong.
I don't expect any physical degradation from bit-coin mining if that's what you're asking. Just make sure that you get a 7970 with decent cooling and it shouldn't be a problem. Whether or not you'll make enough money to cover the cost of investment in the graphics card at a fast enough pace is something to think about, especially since it also has to beat the cost of electricity used by huge margins.
I don't expect any physical degradation from bit-coin mining if that's what you're asking. Just make sure that you get a 7970 with decent cooling and it shouldn't be a problem. Whether or not you'll make enough money to cover the cost of investment in the graphics card at a fast enough pace is something to think about, especially since it also has to beat the cost of electricity used by huge margins.
That is of concern, I'm just testing the water right now out of curiosity. I just don't want to wear out my Radeon 7970 running it everyday and if my card goes out I want to be able to make sure the card pays for itself. My 7970 is sitting at 545 Mhps at fullpower, granted I've down-clocked my card so that it doesn't get to hot while I'm gone. There's ASIC miners coming out i.e. 60Ghps miner for $1299 so it seems at that point the casual miner has no point in messing with Bitcoin mining.
blazorthon
Glorious
- Sep 24, 2010
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My thoughts exactly. I think that you'd need to get specialized chips for bit-mining to be worth getting into. It's not idle for doing it with graphics cards anymore AFAIK.
Still, so long as you keep temps under control, it should really damage your card.
blazorthon
Glorious
- Sep 24, 2010
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I understand for the main concepts behind Bitcoin and mining, but it seems counter productive as it ties up resources and the more time and resources (mhps) thrown into the system it affects the price. Are any for profit programs that seek computation power like folding at home?
blazorthon
Glorious
- Sep 24, 2010
- 14,022
- 7
- 43,265
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