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New to Bitcoin Mining- what is it, and how good is my rig for it?

  • Bitcoins
  • Evo
Last response: in Systems
July 22, 2014 12:33:24 PM

how quickly can I mine with this rig:
i7 4790K at 4.4GHz + Hyper 212 Evo
R9 290 overclocked to 1Ghz
8GB 2400mhz RAM
Samsung 840 EVO SSD
Seagate Barracuda 2TB 7200rpm
Phanteks Enthoo Luxe Full Tower

How long will it take for my computer to mine £1 worth of bitcoins and how long will it take to mine a single bitcoin.

Also, what can I do with bitcoins (i.e where can I redeem them and where can I spend them?)

And what will my mining speed be if I add a second R9 290 with the same overclock

Sorry about the lengthy post and all the hassle; I am new to this topic and would like a good kickstarter on this whole mining thing

Thanks for all the help, much appreciated as always!

More about : bitcoin mining good rig

July 22, 2014 12:40:16 PM

GPU bitcoin mining has been unprofitable for quite a while now.
July 22, 2014 12:41:03 PM

Google coulda answered all those questions before you post the first word of the title. It is not a profitable venture. Youll spend more in energy to power your rig than you will making it back with Bitcoins.