* CRYPTO-CURRENCY MINING SYSTEMS: GET DAT $$$$ *

Gibbo · 16 Dec 2013 at 18:50

Latest rumour......

China might be doing litecoin soon, if that happens, difficult will double, but so will the value, get mining then now whilst the difficulty is still not so bad, because if China join this party litecoin could easily double/triple.

Just a rumour though, but hey I am mining away and crossing my fingers next year they will be worth over $100 each, just like the share market, its a gamble, could go either way, gotta be in it to win though.

imginy · 16 Dec 2013 at 19:11

Gibbo said:
Latest rumour......

China might be doing litecoin soon, if that happens, difficult will double, but so will the value, get mining then now whilst the difficulty is still not so bad, because if China join this party litecoin could easily double/triple.

Just a rumour though, but hey I am mining away and crossing my fingers next year they will be worth over $100 each, just like the share market, its a gamble, could go either way, gotta be in it to win though.

Wow I find this shocking trying to sucker people in like this.

Might want to add some real numbers to your thread like how your £572 miner would earn less than £1 a day.

ubersonic · 16 Dec 2013 at 19:23

imginy said:
Wow I find this shocking trying to sucker people in like this.

Might want to add some real numbers to your thread like how your £572 miner would earn less than £1 a day.

Really? because my £550 miner is making me £7.72 a day after electric costs, and that's at today's values.

silversurfer · 16 Dec 2013 at 19:35

7950 is maybe 5 quid tops. The more its tuned, the slower my typing appears

I'd say more then a quid, 1 quid was about the amount during hte summer before it changed up a gear.
Quite a few stopped bothering at that point I think, I guess it goes in cycles presuming it dont come off kilter altogether

86JR · 16 Dec 2013 at 20:29

Gibbo said:
Yes was mining bitcoin, made the mistake to stop mining bitcoin.

Fortunately I had mined a couple, and sold them at the recent highs, only wished I had continued as I'd have had probably nearly 10 bitcoins by now. Hence now I am mining litecoins and won't be stopping because who knows, this time next year litecoins could be worth $500 or $5, that's the gamble, in it to win.

Where did you sell your bitcoins, did you get scammed doing it?

Gibbo · 16 Dec 2013 at 20:38

86JR said:
Where did you sell your bitcoins, did you get scammed doing it?

Nope got the money no issue, now in my bank account.

Gibbo · 16 Dec 2013 at 20:39

ubersonic said:
Really? because my £550 miner is making me £7.72 a day after electric costs, and that's at today's values.

Thanks.

If litecoin prices double next week, your profit just doubled, of course values could also half.....

SiDeards73 · 16 Dec 2013 at 20:50

Im sure i read a BBC article recently that said China wouldnt recognise Bitcoin / Litecoin as legal tender and would forbid people from mining it from china or something equally absurd.

Gotta watch those Chinese, they move sneaky sneaky

Puppetmaster · 16 Dec 2013 at 21:06

SiDeards73 said:
Im sure i read a BBC article recently that said China wouldnt recognise Bitcoin / Litecoin as legal tender and would forbid people from mining it from china or something equally absurd.

Gotta watch those Chinese, they move sneaky sneaky

It was actually that the Chinese Government said that the banks were not allowed to trade in it. It's fine for everyone else.

imginy · 16 Dec 2013 at 21:31

ubersonic said:
Really? because my £550 miner is making me £7.72 a day after electric costs, and that's at today's values.

What rig do you have though something like a 7990?

What ever you have it's certainly a whole lot more powerful than the 400khash £572 rig on the front page I was referring to.

Puppetmaster · 16 Dec 2013 at 21:39

imginy said:
What rig do you have though something like a 7990?

What ever you have it's certainly a whole lot more powerful than the 400khash £572 rig on the front page I was referring to.

If your running 1 gpu in a system for mining your doing it wrong.

Gibbo · 16 Dec 2013 at 21:53

Puppetmaster said:
If your running 1 gpu in a system for mining your doing it wrong.

This, run 3-4 cards for best results off a Gold/Platinum PSU.

mark35 · 16 Dec 2013 at 22:17

if i use 4 x 7990 how many GH/S would i get doing litecoin

wndsr · 16 Dec 2013 at 22:31

mark35 said:
if i use 4 x 7990 how many GH/S would i get doing litecoin

I - perhaps wrongly - assumed that it would do about 1300kH/s * 4 = 5200 kH/s

ubersonic · 16 Dec 2013 at 23:04

mark35 said:
if i use 4 x 7990 how many GH/S would i get doing litecoin

If you use 4 x 7990 for mining your liable to ignite the planets atmosphere

fordypaul · 16 Dec 2013 at 23:22

I may be off the mark but a virtual currency, earned by computing that gets harder to earn as time goes by to support its value is virtual rubbish.

Now a value of something is due to demand, this whole thread is like a demand building thing, look how many computer part sites are doing mining systems all of sudden!

You get on the train now I think now have missed the boat!

This has all the making of a dotcom bubble apart from at each stage people are saying you may lose out, so they are very clearly covered but still whipping up demand!

mark35 · 17 Dec 2013 at 14:05

Geting 5.2kh/s on litercoin with a gtx690 is that normal

Andrew Moore · 17 Dec 2013 at 14:08

imginy said:
Wow I find this shocking trying to sucker people in like this.

Might want to add some real numbers to your thread like how your £572 miner would earn less than £1 a day.

ubersonic said:
Really? because my £550 miner is making me £7.72 a day after electric costs, and that's at today's values.

My head hurts from the result of the trauma caused from hitting my head after I fell of my chair laughing.

Andrew Moore · 17 Dec 2013 at 14:09

mark35 said:
Geting 5.2kh/s on litercoin with a gtx690 is that normal

Sounds like your mining your CPU rather than your GPU.

mark35 · 17 Dec 2013 at 14:12

No its showing as 2 x gtx 690 up to 10kh/s now

*** CRYPTO-CURRENCY MINING SYSTEMS: GET DAT $$$$ ***

* CRYPTO-CURRENCY MINING SYSTEMS: GET DAT $$$$ *