On those coins yes and that's if and when LTC goes like that, but I've not touched either coin yet

 

It will defantly go like that fgpa miners are already being used and theres no reason to say asics wont they are in the prototype stage now, im going to start stockpiling my litecoins and when it becomes unprofitable I will move all my power into newer coins

 

Do you need a seperate wallet for litecoin or can your wallet created for bitcoins be used?

 

i like that lol... so how about dropping it in a fish tank filled with mineral oil? might keep the heat down abit lol ... or even do some chips after a long stint...

i might have to use it as an excuse to get another 7970 though..

 

Temps are good so far between 60-70c not bad to say they are flat out 24/7

 

around 60% of the setup paid off so far.

 

that's pretty quick...how many coins have you mined so far?

 

depends which coins we are doing as they are all valued differently, we currently have 780,000 doge coins left, a lot of transferring them about on the exchange depending where the value is.

 

Is it just randoms that set these different types of coins up? how do you persuade the masses that an internet coin you've invented is worth anything to trade in?
im still amazed by this...

 

Im also amazed, 60% paid off in what a few weeks?, why not set up a load of these and reep the coins in ?

 

I did state we were aiming for 20 days or so for it to be paid off in full, you could buy a few and do it that way and many do but for me starting capital and sensible head says not to do it this way should it all go pop anytime soon you would be left with a lot of unpaid computer hardware granted you could sell it on and not lose to much on it but it's not the route we wanted to take.

 

Thats a fair comment, are you mining litecoins with this set up then or bitcoins ?, also what os are you using. I have been reading up on this but so many questions lol

 

Neither we are mining whichever coins have the most value in them at the time, usually doge, emerald etc they are then converted to BTC ot LTC which gives much better results, if you want to make the most out of it you need to do more than just set a rig mining a certain coin.

We are running windows 7 my brothers machine is running linux

 

http://www.cbronline.com/news/tech/s...-miner-4153901

Was just looking again and spotted this..

 

We're also mining doge coin, wow such crypto soo secure too the moon, what pool you using were currently on fast-pool quite good uptime it's crazy watching the speed in which the coins are rolling in haha!!

 

Can somone in the know spec me a system which would get around 3000kh/z

Pref cheap as poss?
Is this a good starting point?

Pm if you want to.

Any help is great cheers

 

Type|Item|Price
:----|:----|:----
**CPU** | [AMD A4-4000 3.0GHz Dual-Core Processor](http://uk.pcpartpicker.com/part/amd-cpu-ad4000okhlbox) | £28.79 @ Aria PC
**Motherboard** | [ASRock FM2A75 Pro4 ATX FM2 Motherboard](http://uk.pcpartpicker.com/part/asro...ard-fm2a75pro4) | £51.50 @ Amazon UK
**Memory** | [Team Elite 2GB (1 x 2GB) DDR3-1333 Memory](http://uk.pcpartpicker.com/part/team...ed32048m1333c9) | £4.49 @ Amazon UK
**Storage** | [Western Digital Caviar Blue 160GB 3.5" 7200RPM Internal Hard Drive](http://uk.pcpartpicker.com/part/west...ive-wd1600aajs) | £13.99 @ Amazon UK
**Video Card** | [Asus Radeon R9 280X 3GB Video Card](http://uk.pcpartpicker.com/part/asus...r9280xdc2t3gd5) (4-Way CrossFire) | £260.99 @ Dabs
**Video Card** | [Asus Radeon R9 280X 3GB Video Card](http://uk.pcpartpicker.com/part/asus...r9280xdc2t3gd5) (4-Way CrossFire) | £260.99 @ Dabs
**Video Card** | [Asus Radeon R9 280X 3GB Video Card](http://uk.pcpartpicker.com/part/asus...r9280xdc2t3gd5) (4-Way CrossFire) | £260.99 @ Dabs
**Video Card** | [Asus Radeon R9 280X 3GB Video Card](http://uk.pcpartpicker.com/part/asus...r9280xdc2t3gd5) (4-Way CrossFire) | £260.99 @ Dabs
**Power Supply** | [EVGA SuperNOVA 1300 G2 1300W 80+ Gold Certified Fully-Modular ATX Power Supply](http://uk.pcpartpicker.com/part/evga...ly-120g21300xr) | £153.79 @ Dabs
**Other**| PCI-E Extension Cable 1X To 16X Slot Riser| £9.99
| | **Total**
| Prices include shipping, taxes, and discounts when available. | £1306.51

 

How much leccy will this cost a week to run then?

 

with the recent bitcoin theft on the news and massive drop in value reminded me of this thread.

so how's the profit going danneth ? You bought a lambo yet

 

yeah I was wondering how the mining was going, saw this the other day and made me wonder ...
http://www.raspberrypi.org/archives/6437

 

Eagle, as theres no reply in over 20 days since my post, im guessing he has made his millions, and is up to his guts in hookers, coke and champaign, on his new luxury yacht in the bahamas

 

yeah probably lol ... was on 8 days ago .. might have been too drunk to type though on his 10th bottle of crystaaaaal

 

The BTC drop worked a treat for our other coins, it really gave them a nice boost both in price and coverage.

We haven't sold anything in quite a while now as the coins we are mining are new and we are awaiting a climb in the value so we are just sat on them, we are currently on maxcoin and ECC mainly and covering anything else that looks decent that is coming out - http://www.altcoincalendar.info/calendar

We could sell both now and make a nice profit for example when maxcoin was 5 days old we sold 160coins for £350 which was only two days mining and the same with ECC we tested the water this was a low key coin hardly even spoke about really and I sold $100 worth ( 10k for $10 ) we were mining 800k-1m coins when it first was launched so it's a pretty decent ratio but we are expecting a massive rise in the coin once the mining is up ( it runs for 45 days ) and it has hit all the exchanges, if it goes to plan or anything like another coin which was very similar then we are looking at exchanging for 10-16 bitcoins.

As time went on we also realised one of the biggest earners was through the exchanges and watching / getting involved with the people who were pumping certain coins, we started with 0.1 BTC and soon realised it was really easy to turn this into a 1 BTC within hours/days.

Will it buy me a lambo with my investment no chance ( unless for some unknown reason some coin goes crazy ), is it a decent side hobby deffo

The negatives to it so far, we got done out of £80 on Ebay to some scammer but that was good to learn early on, we also got done out of £1500 by a "friend" but that's a whole different story, we also had a graphics card go down which took forever for Scan to sort out so were down in mining power which was annoying but is now sorted

 

Apologies forgot all about the thread only really check the football thread now and look for Skeg as you can see from the posting history

 

Saw that, mental or what.

 

"Roughly" you're looking at £70 a month.

 

6 month bump


so how's it all going?

 

2 year bump!


whats going on in the world of coins online then?

 

living it up hopefully

 

My coins funded the current PC and then due to everyone trying to trip everyone off and mining not really worth it ( at the time ) knocked it on the head, been keeping an eye on the prices still ( it went as low as £140 ) and well now...

http://www.cnbc.com/2017/05/11/bitco...cord-high.html

 

Nice, still confusing to what makes them worth anything,so at $1700 thats crazy!

 

bet you wish you had kept em

 

1 bit coin £2016!

Still dont get it tho

 

Even more so now... As it hit 10k I couldn't help but find my old hardrives out and and all the little dregs I had left at the time are now worth 1k 😂 madness

 

Would be worth more now. Not been tempted to get back into it?

I have some crypto and tokens but really still don't understand it all.

 

So, here we are in 2023..
£28k for 1 bitcoin..

@danneth any regrets ??

🤣🤣🤣🤣🤣🤣