Mining Crypto Currencies

saxguy67 · Feb 16, 2014

My rig:
Motherboard- M5A97 LE R2.0
CPU- fx-8320
GPU- gtx 770 4gb with acx cooling
RAM- 8gb of Vengence RAM
PSU- CX600 by Corsair
Case- NZXT Switch 810
HDD- .5 tb (I think by Sandisk)

Is this rig good enough to min (not looking to make a living off of it)?

Would it be worth getting an asic usb miner?

Super Batman · Feb 16, 2014

Nope. You NEED an AMD card to mine. NVIDIA has nothing in mining.
And an ASIC is always worth it, however it takes some time for you to break even and turn a profit.

getochkn · Feb 16, 2014

ASIC miners are dead, there is no money in bitcoins as their difficulty is too high and the ASIC miners are only good for them, all new coin mining has went scrypt mining, which so far, is immune to ASIC processors. That leaves only GPU mining and scrypt mining favors AMD gpu's. Your 770, while an awesome beast of a GPU for gaming sucks for mining because it's Nvidia and they don't do scrypt mining very good. A $150 AMD card would beat it in hashes per second. at 250h/s that your card would get, running it at 24/7 at full load and thus reducing the life of it, you could probably pull in $50 or so a month, minus the electrical your system uses for that 24/7 running, not being able to game on your pc, etc. It's not really worth it unless you build dedicated boxes for it, and hope you can recover your hardware cost and start making a profit before the difficulty of the coin you are mining gets too high. CPU mining isn't that good either, I tried on my 8320 and with 8 cores going and my PC basically useless because everything is maxed, the CPU's only give like 60h/s. Maybe 5 bucks a month after electricity, and for what, to not be able to use my computer and probably killing my cpu as well as heating my legs way too hot from all the heat.

saxguy67 · Feb 16, 2014

getochkn :

ASIC miners are dead, there is no money in bitcoins as their difficulty is too high and the ASIC miners are only good for them, all new coin mining has went scrypt mining, which so far, is immune to ASIC processors. That leaves only GPU mining and scrypt mining favors AMD gpu's. Your 770, while an awesome beast of a GPU for gaming sucks for mining because it's Nvidia and they don't do scrypt mining very good. A $150 AMD card would beat it in hashes per second. at 250h/s that your card would get, running it at 24/7 at full load and thus reducing the life of it, you could probably pull in $50 or so a month, minus the electrical your system uses for that 24/7 running, not being able to game on your pc, etc. It's not really worth it unless you build dedicated boxes for it, and hope you can recover your hardware cost and start making a profit before the difficulty of the coin you are mining gets too high. CPU mining isn't that good either, I tried on my 8320 and with 8 cores going and my PC basically useless because everything is maxed, the CPU's only give like 60h/s. Maybe 5 bucks a month after electricity, and for what, to not be able to use my computer and probably killing my cpu as well as heating my legs way too hot from all the heat.

I know that bitcoins are losing value and are hard to mine. Do they make any of these miners for other types of currencies. Do you think it is worth getting into mining?

leeb2013 · Feb 16, 2014

I don't think it's dead otherwise there wouldn't have been a recent rush to buy the new AMD R9 cards, hence pushing the price up.

But I found that during a brief try with litecoin mining, I couldn't cover the electricity cost, plus the extra aircon cost to cool a room with a PC turning out 700W of heat on a 30C day.

Perhaps if you have free electric and a cold climate, it could work.

getochkn · Feb 16, 2014

Right now the only mining that is worth anything is AMD GPU mining for any of the other coins, there are dozens now, like litecoin, feathercoin, dogecoin. I think it's only really feasable if you have free electricity and lots of free hardware. lol.

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Mining Crypto Currencies

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