I don't follow...
MM prices:
2x 7950's for £300
2x 7950's for £150 each
7950 sold for £165
7950 sold for £145
2x 7950's sold for £140
7950 sold for £150
And that's so far this month...
*** CRYPTO-CURRENCY MINING SYSTEMS: GET DAT $$$$ ***
- Thread starter NathWraith
- Start date
I don't follow...
MM prices:
2x 7950's for £300
2x 7950's for £150 each
7950 sold for £165
7950 sold for £145
2x 7950's sold for £140
7950 sold for £150
And that's so far this month...
I think there's a misunderstanding from some people here about the priorities of a mining rig. no one cares what RAM it has, or even what cpu in most cases. If it is cheap, and allows you to ram loads of gpus in it and mine 24/7 reliably, then it's a good mining rig. Those aren't the problems with this concept.
The issue here is that because OcUK are going to have to compete for stock, their pricing is never going to beat 2nd hand (even at the extortionate rates people are selling at), and these rigs won't earn their price in coins for a looooong time. that's what makes them a fundamentally flawed product. The ROI is just not going to be there, unlike with a gaming rig where the experience of owning the hardware to run your games is its own ROI.
If this was the best way for me to build a farm, I'd do it, but mining is about ROI, and this doesn't really fit the bill. a dual 280x build will yield a maximum of £300 worth of coins at the current value/difficulty of most coins, so you're betting on difficulty remaining reasonably static for 4 months to pay this investment off, which simply isn't going to happen.
I'm not criticising OcUK for trying to get in on the action, but no one who mines is going to see this as good value, regardless of the great service OcUK would offer, because it won't pay for itself (which is the whole point of buying it) for a long enough timescale that the risk of it not giving ROI at all becomes much higher.
The issue here is that because OcUK are going to have to compete for stock, their pricing is never going to beat 2nd hand (even at the extortionate rates people are selling at), and these rigs won't earn their price in coins for a looooong time. that's what makes them a fundamentally flawed product. The ROI is just not going to be there, unlike with a gaming rig where the experience of owning the hardware to run your games is its own ROI.
If this was the best way for me to build a farm, I'd do it, but mining is about ROI, and this doesn't really fit the bill. a dual 280x build will yield a maximum of £300 worth of coins at the current value/difficulty of most coins, so you're betting on difficulty remaining reasonably static for 4 months to pay this investment off, which simply isn't going to happen.
I'm not criticising OcUK for trying to get in on the action, but no one who mines is going to see this as good value, regardless of the great service OcUK would offer, because it won't pay for itself (which is the whole point of buying it) for a long enough timescale that the risk of it not giving ROI at all becomes much higher.
ask sales via the cs forums webnotes or phone then.
Not for Noobs
If someone actually managed to make me understand how I am supposed to turn in bitcoins for real money that goes right into my bank account, I might buy a PC for bitcoin mining...
It wasn't an entirely serious statement, but still I imagine there'd be a lot more if you couldn't get a lot more for them elsewhere.
As with any currency change you will have to go through a broker to exchange them, the main/biggest for BTC (mtGox) has been taking quite a cut of some of the exchanges people have done... Probably as they take their cut from the BTC, not from the exchanged value? (someone like to clarify?)
Sorry Tom, took it as a serious opinion, but I realise the MM (or even buying second hand) is not an option for some people...
Valid point here regarding second hand. I'm hesitant to buy second hand products given that I tend to put them under 100% load 24/7. I'd rather have the assurance of a manufacturer warranty for however many years rather than have only a short while left.
I personally am prepared to pay a little extra for the peace of mind.
Permabanned
- Joined
- 9 Aug 2008
- Posts
- 35,711
Not bad pricing baring in mind what you make back and save on the heating billsWhat people are forgetting here is OcUK are a business.
Nice advertisement and good marketing....
Associate
- Joined
- 23 Aug 2005
- Posts
- 256
- Location
- UK
How did you work that out? Are you assuming the difficulty remains the same?
http://bitcoinwisdom.com/litecoin/calculator
http://bitcoinwisdom.com/litecoin/difficulty
Associate
- Joined
- 23 Aug 2005
- Posts
- 256
- Location
- UK
I'll be happy for you if you do, but people on here seem to be using very basic calculators that don't take the projected next difficulty into account.
The difficulty has almost doubled in almost 2 weeks.
The difficulty has almost doubled in almost 2 weeks.
Last edited:
Do you have a link to something with projected next difficulty?
Edit: Ignore me - I am blind. Cheers.
Associate
- Joined
- 23 Aug 2005
- Posts
- 256
- Location
- UK
Yes, one of the links in my post that you quoted. The first one is an advanced calculator, the second is a link to the past, current and projected next difficulty.
http://bitcoinwisdom.com/litecoin/difficulty
EDIT: No worries, I'm not trying to scare or prevent anyone from buying it. Just be aware of what you're getting into, the current flood of litecoin miners means the difficulty will only go up.
http://bitcoinwisdom.com/litecoin/difficulty
EDIT: No worries, I'm not trying to scare or prevent anyone from buying it. Just be aware of what you're getting into, the current flood of litecoin miners means the difficulty will only go up.
Last edited:
What are you mining with? Every hour or so I seem to change my mind about what I want.