LiteCoin Mining

[utekineir]

Originally Posted by ayau

Even though the 270x has slightly better hash/$, you'll end up building more rigs just get to the same hash rate as a rig with 280x/290/290x. Each rig means you'll need to buy RAM, CPU, and motherboard at a minimum. Haven't done the exact math, but it could end up being a wash, in which case, I'd rather have less physical rigs.

I can build the rig chassis in about a half hour at a cost of $0 since all the materials are here in my work room.

An i3, ram, 1000w gold psu, good mobo and some pcie extenders costs about $500. Amd would be cheaper, but i'm thinking i3 would resell better if needed down the road, and power consumption should be slightly better.

I can't find a 280x @retail, I've gotten one, and will buy every local one that pops up @ that.

[utekineir]

Originally Posted by ayau

In some ways, I feel like it's safer than stocks. If the value of bitcoins drops to $0 USD, you still have the hardware that you could sell for probably 70% of what you paid for. If the stock price drops to $0 USD, you have nothing.

On the other hand, bitcoins seem pretty volatile than stocks. Either way, you should be willing to lose all of it if you want to get into this.

As i've stated many times here, everything was bought locally for a reason, 30 day return policies.

[Gaiseric]

1 last question and then ill stop bothering you guys, at least for the night lol.

It looks like the prices of these coins fluctuate, can I buy them with cash and then sell when the prices rise like regular stocks or is that not something thats recommended.

Can you trade coins like regular stocks? If so from the 2 hours of reading that ive done it looks like with a sizeable investment and a sizeable jump in prices which it looks like these coins are capable of doing short and long term, as well as tanking like you guys mentioned, one could stand to make a good profit.

Please correct me if this isnt possible.

[utekineir]

Originally Posted by Gaiseric

1 last question and then ill stop bothering you guys, at least for the night lol.

It looks like the prices of these coins fluctuate, can I buy them with cash and then sell when the prices rise like regular stocks or is that not something thats recommended.

Can you trade coins like regular stocks? If so from the 2 hours of reading that ive done it looks like with a sizeable investment and a sizeable jump in prices which it looks like these coins are capable of doing short and long term, as well as tanking like you guys mentioned, one could stand to make a good profit.

Please correct me if this isnt possible.

mcxnow.com is one of several market type exchanges, there are a number of them some even larger

right now coins are the wild west, think day trading with 0 restrictions on round trips, money clearing to an account, etc, etc

thats where i'm torn right now, letting my returns add up and play it straight, or play the market and hope to hit payoff sooner.

[ayau]

Originally Posted by Gaiseric

1 last question and then ill stop bothering you guys, at least for the night lol.

It looks like the prices of these coins fluctuate, can I buy them with cash and then sell when the prices rise like regular stocks or is that not something thats recommended.

Can you trade coins like regular stocks? If so from the 2 hours of reading that ive done it looks like with a sizeable investment and a sizeable jump in prices which it looks like these coins are capable of doing short and long term, as well as tanking like you guys mentioned, one could stand to make a good profit.

Please correct me if this isnt possible.

You can buy Bitcoins (BTC) with cash and wait for the prices to jump. Too risky IMO unless you know A LOT about the valuation of the coins, otherwise it's just blind luck.

With stocks, you do research and assess whether or not the stock is overpriced/underpriced. With BTC, I'm not exactly sure where to even begin to perform valuations.

[utekineir]

Originally Posted by ayau

You can buy Bitcoins (BTC) with cash and wait for the prices to jump. Too risky IMO unless you know A LOT about the valuation of the coins, otherwise it's just blind luck.

With stocks, you do research and assess whether or not the stock is overpriced/underpriced. With BTC, I'm not exactly sure where to even begin to perform valuations.

atleast on mcx you can see basically a level ii quote equivalent compared to stocks.

so basically if you are comfortable playing the order tables and momentum potential is there, the law of price elasticity is constantly demonstrated

fees are relatively small, and unlike stocks there is no restriction on round trips and money is returned to your account instantly rather than waiting for it to clear or working off margin while waiting

you also have no fdic, no protection from someone like gox walking off with your cash, lost password, hacked account, etc.

basically its a bareback market... i was ready to get my feet wet before the explosion last year, then found out my father had terminal cancer and missed the boom

[Gaiseric]

hmmm looks like I have some homework to do and figure out if it would be a risk worth taking.

[cactus]

Originally Posted by ayau

In some ways, I feel like it's safer than stocks. If the value of bitcoins drops to $0 USD, you still have the hardware that you could sell for probably 70% of what you paid for. If the stock price drops to $0 USD, you have nothing.

On the other hand, bitcoins seem pretty volatile than stocks. Either way, you should be willing to lose all of it if you want to get into this.

This assumes the market holds when you and the rest of the mining community floods the used market with old AMD GPUs. Stocks are relatively safe compared to anything coin related, but the majority of the time, the return is less. Now, I dont see BTC going to $0, there is a lot of money invested into ASIC mining and now infrastructure.

[Guff]

My bad, guys, I totally fudged the numbers. I'm still making more on Doge, but not by much. That being said, I'm going off of my mining of each for a week, so not exactly a scientific investigation.

That being said, like I asked before, do you need to point the multipools to any particular server to get them working at their highest efficiency?

[Luis_GT]

Originally Posted by Guff

My bad, guys, I totally fudged the numbers. I'm still making more on Doge, but not by much. That being said, I'm going off of my mining of each for a week, so not exactly a scientific investigation.

That being said, like I asked before, do you need to point the multipools to any particular server to get them working at their highest efficiency?

I set wafflepool to the closest server, don't think it'll make much difference though...

[Luis_GT]

Finally, back from RMA

[ayau]

Anyone ever bought/sold bitcoins on localbitcoins.com? It's like the Craigslist of Bitcoins. The exchange rates are usually better, but there's the risk of the seller/buyer not paying.

[ayau]

Received my USB riser cables. Ordered 2 more 280x. Have an asrock h81 btc just sitting there. Not enough graphic cards. Lol.

[utekineir]

any aurora coin pools that aren't overloaded and useless?