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iBuyPower Introduces Coin Mining Computers

By - Source: iBuyPower | B 13 comments

iBuyPower is now building coin mining machines too!

iBuyPower has announced a new lineup of pre-built computers, which are not intended for gaming or general use. These systems are built for coin mining.

The systems start at $999. This entry-level model will carry an AMD FX-4300 CPU, 4 GB of DDR3-1600 memory, a 1000 Watt power supply, and most importantly, two AMD Radeon R9 270X graphics cards. Such a system might not make a lot of sense for gaming, but for mining it seems more appropriate.

Going up the scales, the systems can be configured with up to three graphics cards, including the AMD Radeon R9 290X. In addition, you can opt to include stronger processors, faster memory and storage facilities, and more. Include enough accessories and you'll be given a seemingly infinite price tag, which might make earning back that money through mining even more difficult.

"iBuyPower prides itself for being on the edge of technology, and as the world changes, we want to be at the forefront," said Darren Su, VP and Co-founder of iBuyPower. "Coin mining and high-compute systems are one of the few new areas that we have interest in. We're thrilled to be part of revolutions, and crypto-currencies are definitely on the hot-list."

The systems are currently available for order through iBuyPower's website.

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  • 5 Hide
    Zac Lloyd-Jones , January 15, 2014 8:32 PM
    I'm not really into this mining thing but isn't this a bit pointless just for mining when there are ASIC miners that can crunch a lot more MH/S for a lot cheaper?
  • 3 Hide
    NAG3LT , January 15, 2014 8:57 PM
    Quote:
    I'm not really into this mining thing but isn't this a bit pointless just for mining when there are ASIC miners that can crunch a lot more MH/S for a lot cheaper?


    ASIC miners exist for BitCoin at the moment, but not for other crypto currencies. So GPUs can still be useful in the meantime.
  • -2 Hide
    megamanxgt , January 15, 2014 9:26 PM
    In regards to virtual currency's... is there a competitor to bit coin for which their currency is easily traceable? I want to get into mining and building purpose built systems for other miners but given that bit coin is used for various illegal stuff because of it's cryptic nature is the reason I'm choosing not to ATM.
  • 0 Hide
    Sketro , January 15, 2014 10:01 PM
    They are selling dedicated mining hardware soon - i would not go the GPU route, not profitable.
  • 2 Hide
    vmem , January 15, 2014 10:25 PM
    @megamanxgt there is no huge draw toward crypto currency if it was easily tracable. for those purposes most developed coutries already have a working credit system, and 'mining' a tracable digital currency would be the equivalent of investing in gold mining
  • 1 Hide
    chumly , January 15, 2014 10:45 PM
    Bitcoin is SHA-256, Litecoin and others are based in scrypt. A GPU or FPGA is necessary for scrypt; FPGA's are costly, and ASIC's based on them will not be available until later this year. For LTC mining or other scrypt based coins, these rigs make sense at the moment, however, I do not see you making a return on your investment without selling all the hardware in the future.
  • 3 Hide
    danwat1234 , January 16, 2014 1:28 AM
    Bitcoin mining? A far, far better use of computing resources is Folding@home or another distributed computing project.
  • 2 Hide
    razor512 , January 16, 2014 2:11 AM
    Mining hardware like this will never pay its self off. mining litecoin is not profitable unless you have a personal mining farm. if you are part of a mining pool, then you will never make enough money. if the difficulty remains the same, 3 r9 290x's would take around 3 years to pay them self off.You only make a profit if you are buying the cards for gaming, and you do not pay for electricity, then what ever money you get, is a profit. If you are only using the system for gaming, then it will never pay its self off, the difficulty will increase beyond what the GPU can handle before it comes close to paying its self off. Currently the only way to make money, is to start your own mining farm (requires hundreds of GPU's working in order to have a chance at mining a block on your own).
  • 1 Hide
    sunshine240sx , January 16, 2014 5:16 AM
    Quote:
    Mining hardware like this will never pay its self off. mining litecoin is not profitable unless you have a personal mining farm. if you are part of a mining pool, then you will never make enough money. if the difficulty remains the same, 3 r9 290x's would take around 3 years to pay them self off.You only make a profit if you are buying the cards for gaming, and you do not pay for electricity, then what ever money you get, is a profit. If you are only using the system for gaming, then it will never pay its self off, the difficulty will increase beyond what the GPU can handle before it comes close to paying its self off. Currently the only way to make money, is to start your own mining farm (requires hundreds of GPU's working in order to have a chance at mining a block on your own).


    Yeah I am going to disagree with you on that. I have personaly mined in a month about $230 in LTC with 2 7870's (R9 270'S) and my electric bill with all other appliances runnig was not even close to that. My friend who got me into mining has turned his 6950 into a 7870 and then into 2 R9 280x's all paid for with LCT (and a lot of money left over). The diffuculty has gone up alot since Nov when every one and ther brother bought every highend AMD card out there but it is still possible to make money.
  • 3 Hide
    InvalidError , January 16, 2014 7:20 AM
    Quote:
    The diffuculty has gone up alot since Nov when every one and ther brother bought every highend AMD card out there but it is still possible to make money.

    If the difficulty goes up a lot, the chances of getting a decent return on the hardware goes down by that much. If complexity increased by 4X since November then your LTC income should now be around $60/month while your mining electric bill is around $35/month. At $25/month, it will take 40+ months for someone who gets into mining now to recover the cost of a pair of R9-290X assuming complexity does not increase again. If complexity doubles again, PC mining will barely break even on power cost.
  • 3 Hide
    zloginet , January 16, 2014 8:16 AM
    This shit should be stopped. Sick of GPU prices.
  • 0 Hide
    AnUnusedUsername , January 16, 2014 3:32 PM
    Anyone else find the idea of a virtual currency completely nonsensical?

    The equivalent thing in reality would be sitting in a room rolling dice all day. When you rolled twenty sixes at once, someone handed you a sheet of ordinary paper with "money" written on it. And people actually accept this as a real currency?

    I really don't see the point. "Mining" coins does literally nothing but consume electricity and produce heat. What's the point of requiring that at all? Why not just arbitrarily sell/give away the coins and use the exact same exchange framework to keep them as a secure currency? Giving them away based on random numbers only accomplishes wasting lots of electricity and otherwise useful hardware.
  • 0 Hide
    InvalidError , January 16, 2014 7:25 PM
    Quote:
    Why not just arbitrarily sell/give away the coins and use the exact same exchange framework to keep them as a secure currency? Giving them away based on random numbers only accomplishes wasting lots of electricity and otherwise useful hardware.

    Virtual currencies are not just given out based on random numbers; it is given based on solving a complex mathematical puzzle that prevents people from mining arbitrarily quickly. The reason why this is necessary is exactly because virtual currencies do not want to have to rely on conventional heavily regulated currency exchanges. The mathematical puzzle is what prevents people from successfully compromising the block chain.

    Yes, the whole process is awfully inefficient but that inefficiency is exactly what virtual currencies' decentralized functionality relies on to preserve their integrity.