Best Way Of Getting Into Coin Mining

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wobbledog

wobbledog

wobbledog

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Hey All,

Been reading up on the whole scene of (mostly) Bitcoin mining, and I've decided I want to get into either the mining of Bitcoins or Litecoins. This obviously can't take place on my main rig as I have a GTX 670, so I'm looking into either an ASIC machine or building my own mining rig.

I understand that ASIC will eventually take over Bitcoin mining, however with Butterfly Labs' ongoing shipping delays I'm not too sure if it's the best way to go, does anyone know if it's worth the wait (apparently orders placed now wont ship at least until July) or would it be worth looking at Litecoins and building a mining rig based on that? Do Litecoins seem like a more profitable way forward over Bitcoins?

Thanks in advance, mods feel free to move this if I've put it in the wrong section :P

-wobble
 
you wont pikc up an asic miner for cheap anywhere, the orders for butterfly are backlogged by thousands and the guy who runs the company has been arrested for fraud before so id suggest stearing clear from that, you can look in to fpga miners, much cheaper and get good hash rates, they run off molex in most cases and can pe picked up quite cheap.
 
well I see BFL have a $270 ASIC for 5GH/s, which isn't too bad, however I'll stay away from them most likely. do you have any more info on that guy's arrest? Also cant seem to find and FPGA's online, and it seems like nobody else can either :/
 
Can we keep the mining discussion in the single thread, might be the best idea, this part of the forum isnt really setup for it and it'd probably be better to keep it all in one place for all sorts of reasons. I might be being paranoid, but can't hurt.
 
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