iBuyPower Introduces Coin Mining Computers
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.
ASIC miners exist for BitCoin at the moment, but not for other crypto currencies. So GPUs can still be useful in the meantime.
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.
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.
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.
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.