LiteCoin Mining
 

Anyone else mining?

I've started mining LiteCoin and Dogecoin recently. I'll hopefully be running three 7970s soon, and will probably be running them on LiteCoin for now. I'll see where the difficulty and market value goes for both and maybe switch over to Dogecoin somewhere down the line.

Eventually I wanna get my hands on an ASRock X81 Pro BTC motherboard and grab five powered risers. I should be able to add seven more cards to collection. I'll have my current two boards with two each and then the ASRock with six. 10 solid cards should put me at around 7 MH/s minimum and that's good money in any Scrypt currency!

What do you guys run if you mine? Any seasoned miners wanna give some advice? I'm still doing a hell of a of learning, and I'm trying to do it fast because I'm so late to the game! :bonk:

I have a dedicated mining rig with 2 7950's mining at hashco.ws which mines the most profitable coins and autotrades it to bitcoins... may switch back to middlecoin since it has more hashing power.

I also have a 30Ghash BFL bitcoin miner.

Need to RMA my R9 290X so I can add those ~800khash to my farm.

Also have a GTX470 mining protoshares since it sucks at mining anything else.

oh... and I have my i7 3770K mining XPM.

How do you think I've been paying for mods with a part time job while being a full time student :D

@Guff Join this site

http://www.overclockers.com/forums/f...play.php?f=249

Here's a hindsight for you... I had 400 bitcoins when BTC was at 3 dollars... I sold at 7 :mad0259:

I might need to revisit this. I just got a R9 270X. I know it will mine a little bit better than my aging HD 5870 :lol:

A 5870 can do up to 400 khash if set up right, hell a 5830 does 300khash all day... which is very good... a 270X does around 400 as well

I would rather do it on the 270X. Better performance per WATT... Hmm. Perhaps throw both cards into one system and have them both mine.... Wonder if anyone has tried that. I know you can have multiple cards, but not sure about multiple cards that are of different models (if that makes sense).

I've ran dual 7950's along with an nvidia card.

I've also dun 2 7950's and a 6770

I'll check the website out.

AND GODDAMN. Hindsight really is 20/20... that would have been $320,000 at $800/BTC...:drool:

Or 440000 at 1100... such fail

Is hashco.ws really worth it compared to just pool mining a single currency? Everyone says that LTC/Doge is really where one should focus, and I haven't really heard of hashco.ws till now.

Well... how many ltc a day are you doing? With hashcows or middlecoin you do about .01 per Mhash/s, ive had payouts as high as 0.023 btc with 1.5 mhash

The good thing about those pools is that it mines the most profitable alt coin at the moment and automatically trades it to btc so you dont have to

I've been thinking of building a mining rig, but curious about a few things. How is it working as part of a pool? How much BTC do you average a month from them? How many hashes do you normally contribute to the pool?

Is it even worth building a GPU rig for BTC or should I stick with a pool that focuses on other currency? The BFL prices are tough to swallow.

Gpu mining is only worth it to mine altcoins and convert to btc, to have any type of profitability with btc due to the high difficulty you need about 1terahash of mining, or 1000 giga hash... a vid card does only 800 mega hash, which is equivalent to like .000005 btc per day minin on a pool...

my 30ghash miner only does .005btc a day at current difficulty

Yup, Bitcoin GPU mining is obsolete now. It'll work for Litecoin or other Scrypt based coins for now, until someone finally builds some ASIC miners for those.

With LTC at 1500 KHs, it should net about 0.43 LTC a day, or 0.0113 BTC.

With Dogecoin it's about 0.0138 BTC or 0.52 LTC.

That's not real world numbers, that's just calculations. So it definitely will be less...

Give middlecoin a try for a couple of days and see how much you can get.

That's the kind of info I was looking for. I knew that BTC GPU mining was done for.

With 1 LTC currently around 20 USD, just getting 0.3 LTC/day would be interesting if it ran 24x7.

I'll post what I made with 1200khash on hashco.ws when the payout is made tonight at midnight if I'm home.

My payout today from hashcows was 0.0155 BTC

At 1200 KH/s?

I'm sold.

Hashcows, it is. :thanks:

Apparently middlecoin had a better payout today, I'm thinking of setting one rig to hashcows and one rig to middlecoin to balance things out.

just gotta wait for my 290X to be RMAed and probably order another

I'll keep an eye out. Hopefully I'll have two rigs running soon, so I'll likely be doing the same thing.

Join the forum I linked, there's a lot of info in it, and there's always talk of new coins, and pools and such.

How long term do you see Bitcoin lasting?

What sort of hardware setup? I'd throw together a box if it could cover its cost within a couple months





My issue here is the electric rate sucks. .18 /kW kinda makes a dent.


Still pissed I stopped following btc at about $20

I thought there were now dedicated mining cards? Are they not worth it yet?

Butterfly Labs is working on dedicated mining cards. Having purchased a BFL product in the past, I wouldn't hold my breath on any sort of delivery date that makes sense.

I'm hashing at ~8MH/s on multipool... mostly DOGE lately. Oh, and it heats the casa in the winters, so there's a tradeoff in heater power!

You mean ASICs, they are available, but they can only mine bitcoins which is SHA256, ASICs can't mine scrypt coins which is what the majority of the alt coins use. this is the reason video cards are still profitable.

having 800khash in mining power with video cards is currently more profitable than a dedicated 30Ghash ASIC miner.

My 30ghash miner (which was 700 bucks when I bought it) currently does 0.006BTC a day

where my 2 7950's (~$600 worth when I bought them a few months ago) mine altcoins at 1200Khash and I'm getting between 0.013 - 0.02 BTC a day depending on the price of exchanging altcoins to BTC.

Thought about it, but never did. Back when Bitcoin was about 50 bucks a friend and I were talking about it, and guessing we missed the boat. Oh, how wrong we were. :( When it crashed to 400s in mid Dec I was honestly tempted to go take out a 25k loan and buy as much as I could. Once again, hindsight.

Bitcoin is the most stable coin and most likely will stay relevant until at least the end of this year, fingers crossed. People are only now getting into cryptocurrencies, especially Scrypt currencies, so there is definitely a market right now for people to get into.

That being said, you gotta pay play. If you wanna make real money, you gotta start mining at a couple MH/s, and be able to pony up the costs up front.

My friend got an asic miner, but got rid of it at a loss because it wasn't making much money. If you want to mine, consider the payoff time, and adjust for the fact that the market isn't stable.

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If you aren't mining at this point, starting now is purely speculative. With BTC hovering around $850 at the moment. You can currently make about $12-18 a day with a couple video cards... It's going to take a while to break even, and even longer to turn a make decent money.

And I'm not really tech savy either it just struck my curiosity after a couple YouTube videos. I wont start, it just seems really interesting.

Indeed. I didn't like paying for four video cards this past weekend, but I'm hoping that the cash I can earn can get me a second rig and/or be my gas money :D

Good news!

Tiger direct accepts bitcoin as payment!

there goes my BTC... lol

How do you setup gpu minning? everytime I try to set it up for doge coin it dosnt work.

And does anyone know whats going on with cryptovally cant log in.

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Nvidia or AMD?

If AMD, did you install the AMD SDK?

Amd, maybe thats it

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I just can't seem to get my cards running properly... It's been three days of tweaking settings and changing drivers and I still can't get both cards to hash at 700-750 at the same time.

So, at first, both cards would get to 750ish and then one card would begin drop off. It would keep dropping until it hit 200-300, about 8-10 minutes later.

So I did a ton of Google searching and tried a million things but nothing really worked.

Eventually I updated to the new beta CCC (14.1?) and now my issue is that when I start it with my bat file, one gpu hashes at 750 and the other hashes at 250-300. The load is maxed out, and it's running the exact same settings as the other card obviously, but it just refuses to work properly.

The cards are MSI Twin Frozr III 7970s. I have a suspicion that the card is throttling due to heat, and I've bought some risers to see if cooling the cards down will help but it starts hashing cold at 250 and doesn't go up from there, so I don't think that's it.

@Guff

Go to the CGminer folder and delete the .bin files, should say scrypt###tahiti###.bin or something similar, but it'll have the cards core on the title.

I deleted them and ran CGMiner again but it's doing the same thing...