Supplicium Posted April 17, 2013 Report Share Posted April 17, 2013 yup thats the problem. I had 12 desktops w/ P4's running and my one with 2 6970 GPU was tripling my output of the 12... The ASIC setup im looking at are 1500 for each card, GPU setups are the only way to go. I used to do folding at home : http://folding.stanford.edu/ Quote Link to comment Share on other sites More sharing options...
Trouble Maker Posted April 17, 2013 Report Share Posted April 17, 2013 wtf? Go read the article I posted... Quote Link to comment Share on other sites More sharing options...
Jackson1647545504 Posted April 17, 2013 Author Report Share Posted April 17, 2013 Go read the article I posted... An average CPU can run four instructions per clock cycle, and offer a few thousand to a few million hashes per second. This was never exactly great, but a few years ago it was enough for a low-rent mining operation. But then miners discovered that they could use their GPU instead, which can 3,200 instructions per cycle. The indispensable Bitcoin Wiki describes the shift like this: One way to visualize it is a CPU works like a small group of very smart people who can quickly do any task given to them. A GPU is a large group of relatively dumb people who aren't individually very fast or smart, but who can be trained to do repetitive tasks, and collectively can be more productive just due to the sheer number of people. tl;dr * CPU == 4 instructions per cycle * GPU == 3200 instructions per cycle Quote Link to comment Share on other sites More sharing options...
thorne Posted April 17, 2013 Report Share Posted April 17, 2013 Right now if you have a higher end ATI card you can mine between 0.03 to 0.1 coins per 24hr period. I've been in bitcoins for a few years and sadly I had stopped when they crashed last year. But in the past 2 months I've mined over 200$ worth of coins and cashed them in. I currently mine with CGMiner. Quote Link to comment Share on other sites More sharing options...
thorne Posted April 17, 2013 Report Share Posted April 17, 2013 yup thats the problem. I had 12 desktops w/ P4's running and my one with 2 6970 GPU was tripling my output of the 12... The ASIC setup im looking at are 1500 for each card, GPU setups are the only way to go. I used to do folding at home : http://folding.stanford.edu/ If your talking about Butterfly they haev yet to ship a single ASIC. Actually I've yet to find any ASIC company that's shipping. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted April 17, 2013 Report Share Posted April 17, 2013 If your talking about Butterfly they haev yet to ship a single ASIC. Actually I've yet to find any ASIC company that's shipping. Avalon ASIC batch #1 went out this week I heard on IRC Quote Link to comment Share on other sites More sharing options...
87GT Posted April 17, 2013 Report Share Posted April 17, 2013 Is it even worth the attempt vs the money you pay in electricity usage alone? Quote Link to comment Share on other sites More sharing options...
Farkas Posted April 17, 2013 Report Share Posted April 17, 2013 Is it even worth the attempt vs the money you pay in electricity usage alone? I can't imagine how it would... that processing power has to rape electricity. Quote Link to comment Share on other sites More sharing options...
unfunnyryan Posted April 18, 2013 Report Share Posted April 18, 2013 Is it even worth the attempt vs the money you pay in electricity usage alone? If you have the best gear, yes. the ASICs really dont use that much electricity. It's also unsure what the market is going to do when they become common. Quote Link to comment Share on other sites More sharing options...
thorne Posted April 18, 2013 Report Share Posted April 18, 2013 Is it even worth the attempt vs the money you pay in electricity usage alone? Yes it is. if your GPU Mining. Quote Link to comment Share on other sites More sharing options...
Jewtoys Posted April 18, 2013 Report Share Posted April 18, 2013 Is it even worth the attempt vs the money you pay in electricity usage alone? Set everything up at your friends server farm :fuckyeah: Quote Link to comment Share on other sites More sharing options...
87GT Posted April 18, 2013 Report Share Posted April 18, 2013 If you have the best gear, yes. the ASICs really dont use that much electricity. It's also unsure what the market is going to do when they become common. So if you were to purchase an ASIC machine how long until you break even on the investment months, years? Quote Link to comment Share on other sites More sharing options...
kshymkiw83 Posted April 18, 2013 Report Share Posted April 18, 2013 There is too much volatility in Bitcoins to say if anything is going to be worth your money long term. If you buy and ASIC or a 700 dollar GPU - and Bitcoins go back down to $1, doesn't seem like it was worth it.... Bitcoin was 250USD just two weeks ago, now it is at 92USD http://bitcoincharts.com/charts/mtgoxUSD#rg30ztgSzm1g10zm2g25 <<< last 30 days of Bitcoin. Quote Link to comment Share on other sites More sharing options...
thorne Posted April 18, 2013 Report Share Posted April 18, 2013 I sold 3 coins @ 60$ and been selling pieces of coins when ever I feel like it. I was salty when it hit 250 Quote Link to comment Share on other sites More sharing options...
87GT Posted April 19, 2013 Report Share Posted April 19, 2013 There is too much volatility in Bitcoins to say if anything is going to be worth your money long term. If you buy and ASIC or a 700 dollar GPU - and Bitcoins go back down to $1, doesn't seem like it was worth it.... Bitcoin was 250USD just two weeks ago, now it is at 92USD http://bitcoincharts.com/charts/mtgoxUSD#rg30ztgSzm1g10zm2g25 <<< last 30 days of Bitcoin. 8 years of data looks the value has been almost nothing. A few peaks and valleys but nothing compared to recent value increases. I guess it would be worth it if I had a large end GPU card already. Looks like you won't be able to buy an ASIC any time soon unless you want to fork over $20k on ebay. I wonder how well my gaming GPU would work on mining? Quote Link to comment Share on other sites More sharing options...
justinwebb Posted April 19, 2013 Report Share Posted April 19, 2013 AMD GPU's work tons better than any Nvidia card Quote Link to comment Share on other sites More sharing options...
87GT Posted April 19, 2013 Report Share Posted April 19, 2013 AMD GPU's work tons better than any Nvidia card Too bad I have an Nvidia Quote Link to comment Share on other sites More sharing options...
thorne Posted April 19, 2013 Report Share Posted April 19, 2013 Too bad I have an Nvidia don't waste your power. Quote Link to comment Share on other sites More sharing options...
silas Posted April 23, 2013 Report Share Posted April 23, 2013 I mined in 2011 and it paid for my GFX card. I've been watching the markets and was planning on getting an ASIC, but they lead time was +3 months and by the time I got it, Bitcoin might not be worth it then. Now I'm just waiting. Quote Link to comment Share on other sites More sharing options...
thorne Posted April 23, 2013 Report Share Posted April 23, 2013 I mined in 2011 and it paid for my GFX card. I've been watching the markets and was planning on getting an ASIC, but they lead time was +3 months and by the time I got it, Bitcoin might not be worth it then. Now I'm just waiting. Same here, I want a Asic but the lead time makes it a dangerous gamble. BTW here's some mining info. in ~6 hours I mined 0.018 coins using a pair of 6970's . At current market rate that's 2$. So bascilly I can mine ~200$ a month if i mine 24/7 Quote Link to comment Share on other sites More sharing options...
87GT Posted April 23, 2013 Report Share Posted April 23, 2013 Same here, I want a Asic but the lead time makes it a dangerous gamble. BTW here's some mining info. in ~6 hours I mined 0.018 coins using a pair of 6970's . At current market rate that's 2$. So bascilly I can mine ~200$ a month if i mine 24/7 I am curious what the energy draw on that setup is. Have you used a kill a watt device to track the usage? Quote Link to comment Share on other sites More sharing options...
silas Posted April 23, 2013 Report Share Posted April 23, 2013 Found an interesting new article about the "Race for the fastest Bitcoin Miner" http://www.wired.com/wiredenterprise/2013/04/bitcoin-mining-rigs/ Quote Link to comment Share on other sites More sharing options...
Jackson1647545504 Posted April 23, 2013 Author Report Share Posted April 23, 2013 Found an interesting new article about the "Race for the fastest Bitcoin Miner" http://www.wired.com/wiredenterprise/2013/04/bitcoin-mining-rigs/ Yeah, just saw this too. One of the ASIC manufacturers are close to shipping in the next few weeks. I have one on order with a casual/hobby interest Quote Link to comment Share on other sites More sharing options...
unfunnyryan Posted April 23, 2013 Report Share Posted April 23, 2013 Same here, I want a Asic but the lead time makes it a dangerous gamble. BTW here's some mining info. in ~6 hours I mined 0.018 coins using a pair of 6970's . At current market rate that's 2$. So bascilly I can mine ~200$ a month if i mine 24/7 Say 750watt total system draw from this, it cost you 27 cents during that 6 hours. Sadly you also need to factor in cooling your house because around 400 watts of that was being dumped into nothing but heat. Quote Link to comment Share on other sites More sharing options...
thorne Posted April 23, 2013 Report Share Posted April 23, 2013 I am curious what the energy draw on that setup is. Have you used a kill a watt device to track the usage? Not sure, I don't have a meter any more but my pc only has a 1050 supply Quote Link to comment Share on other sites More sharing options...
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