Cryptocoin Mining?

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Chiropteran

Diamond Member
Nov 14, 2003
9,811
110
106
I didn't make $1800 worth of coins. I was just pointing out that for every $1 in electricity I make about $3 worth BTC.

For example, mined 30 BTC in July, electricity cost aprox $100.
 
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Chiropteran

Diamond Member
Nov 14, 2003
9,811
110
106
I don't track it exactly. I have the following-

dedicated miner, 1 5830 (old pentium 4 dell)
dedicated miner, 3X 5830 (dedicated miner built to mine)
guest pc, mines aprox 50% of the time with 1X 5770
main gaming PC, 2X 5830, disabled mining on one card occasionally while gaming

I don't overclock much, get about 270mhash per 5830, so around 1620mhash from them plus some from the 5770... but since my gaming PC doesn't always have both cards mining and the 5770 is offline half the time, I'd guess around 1600mhash overall.

"Each 100 MH/sec would give you 0.05570294 BTC/day. At rate $11.090 per BTC this gets you $0.6177/day " - http://tvori.info/bitcoin/charts/

Comes out to a little under $300/month for 1600mhash, so seems like the math works out as you would expect.
 
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dalamchops

Golden Member
Apr 3, 2009
1,190
0
71
i am almost completely out of the mining game (1ghash left). It's been a fun 2 months, i think i am out only about $100 for 2ghash worth of hardware. I did pretty good buying the stuff as cheap as possible and selling them as close as i got them for.
 
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Wangstang

Member
Oct 30, 2005
190
0
0
Not to spam you guys, but I was getting ready to get into bitcoin mining but realized I just don't have the space[read the wife said that space I wanted to use was already in use]to setup the multiple stations I was going to build. I have an Asus P5K64 WS Extreme motherboard that has 4 16x PCIE slots and a 775 CPU...
http://www.newegg.com/Product/Produc...82E16813131200

Before I put it on the FS section of the board, I thought I'd open the door to you guys since it will let you run 4 16x PCIE video cards at once.

I've also got two ASUS ATI HD 5750 EAH5750 video cards:
http://www.newegg.com/Product/Produc...82E16814121356
I'm probably going to put them to use but if you want to make an offer...

Just shoot me a PM if you are interested in the items.

Happy mining!
Wes
 
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hdfxst

Senior member
May 13, 2009
851
3
81
The difficulty did go down from 1888787 to 180570.I think a lot of people shut down their miners when coins dropped to 6 dollars
 
Elfear

Elfear

Diamond Member
May 30, 2004
7,169
829
126
My pool (Mineco) decreased a bit from 130GH/s to 112GH/s. Even though the difficulty decreased, it seems like I'm earning less bitcoins. Only .45BTC vs .70BTC.
 
blastingcap

blastingcap

Diamond Member
Sep 16, 2010
6,654
5
76
hdfxst said:
The difficulty did go down from 1888787 to 180570.I think a lot of people shut down their miners when coins dropped to 6 dollars
Click to expand...

I think some people have decided that making a net 50 cents or less per day per card while driving up heat/noise/electric costs and driving down the longevity of their cards, isn't worth it, especially as BTC prices have gradually dropped.

Also, the slowdown in hashing power has not been sudden; it's been gradual. I think people have gotten their first "mining" electricity bills and the sticker shock got to them. Hardware is only part of the expense; the ongoing electricity cost can get expensive. In the US, many states have "tiered" rates in order to promote energy conservation/efficiency, so mining can easily bump you up a couple of brackets into crazy-rates territory. I'm paying an extra $60-70/month just by running two mid-range cards 24/7, compared to my pre-mining electric bills going all the way back to last year (so it's not just seasonal fluctuations).
 
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Zargon

Lifer
Nov 3, 2009
12,218
2
76
blastingcap said:
I think some people have decided that making a net 50 cents or less per day per card while driving up heat/noise/electric costs and driving down the longevity of their cards, isn't worth it, especially as BTC prices have gradually dropped.

Also, the slowdown in hashing power has not been sudden; it's been gradual. I think people have gotten their first "mining" electricity bills and the sticker shock got to them. Hardware is only part of the expense; the ongoing electricity cost can get expensive. In the US, many states have "tiered" rates in order to promote energy conservation/efficiency, so mining can easily bump you up a couple of brackets into crazy-rates territory. I'm paying an extra $60-70/month just by running two mid-range cards 24/7, compared to my pre-mining electric bills going all the way back to last year (so it's not just seasonal fluctuations).
Click to expand...

its definately to the point where I look at my GPU's and go hmmmmmmmmmm is it worth pushing you so hard for so little?

it takes about 4 months to break even on a used 5870 now, with my power pricing.
 
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hdfxst

Senior member
May 13, 2009
851
3
81
blastingcap said:
I think some people have decided that making a net 50 cents or less per day per card while driving up heat/noise/electric costs and driving down the longevity of their cards, isn't worth it, especially as BTC prices have gradually dropped.

Also, the slowdown in hashing power has not been sudden; it's been gradual. I think people have gotten their first "mining" electricity bills and the sticker shock got to them. Hardware is only part of the expense; the ongoing electricity cost can get expensive. In the US, many states have "tiered" rates in order to promote energy conservation/efficiency, so mining can easily bump you up a couple of brackets into crazy-rates territory. I'm paying an extra $60-70/month just by running two mid-range cards 24/7, compared to my pre-mining electric bills going all the way back to last year (so it's not just seasonal fluctuations).
Click to expand...

that's true and the novelty has worn off,it's much more profitable to wait and buy coins at 6 dollars and sell at 11 (i wish that would happen every month)
another thing i don't understand is you don't see a flood of 5830's for sale and newegg sells them as fast as they put them up
I did a search for radeon 5830 on ebay and got 38 hits
 
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Chiropteran

Diamond Member
Nov 14, 2003
9,811
110
106
It's been hanging around $11 fairly well the last week. Even though I cashed out before the big drop, I am back up to 16 coins mined since then. Though, I am about to move and I'm not sure how much electricity will cost at the new place, that could put an end to my mining.
 
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