Official Cryptocurrency thread

[incesto]

to mine or not to mine.. the money spent on hardware + electricity + time spent is it worth it??

If you have free/discounted electric then by all mean go. If not then u must list all the opportunity cost and decide yourself.

 

[peppermint03]

okay thanks! btw what is the electrcity cost in singapore?

 

[critical888]

Wow cannot leh u wanna login ur utilities bill see or not

 

[critical888]

0.2565 1kwh is it

 

[penyekz]

Now that Dogecoins rewards have halved, are you guys still mining this or venturing out into new territories?

 

[jownsftw]

alright, looks like i'm going to get this tomorrow. looks okay?

3 x Sapphire Vapor-x r9 280x : $475 x 3
Intel G1610 : $50
ASRock H61 BTC Pro : $99
1200/1250w PSU : ?
3 x Riser Cables : $25 x 3
Use current HDD
8GB RAM : $70 ?

Anyone can give me expected price range for this psu and whether other items price is expensive or standard?

Also, any idea about RAM whether 8GB cost that much ?

thanks! finally decide liao can rest a bit of thinking lol

$2k investment. any comments on time to ROI ?

 

[critical888]

How is Digibyte

 

[critical888]

Vapor x I think u will get at 43x at tradepac

Riser cable. Try look around in forum buy from forum seller cheaper

Hdd. U can use USB thumbdrive too

Power. Supposedly 1000w to 1050w psu is enough already. Not forgetting u still can down volt it using vbe

alright, looks like i'm going to get this tomorrow. looks okay?

3 x Sapphire Vapor-x r9 280x : $475 x 3
Intel G1610 : $50
ASRock H61 BTC Pro : $99
1200/1250w PSU : ?
3 x Riser Cables : $25 x 3
Use current HDD
8GB RAM : $70 ?

Anyone can give me expected price range for this psu and whether other items price is expensive or standard?

Also, any idea about RAM whether 8GB cost that much ?

thanks! finally decide liao can rest a bit of thinking lol

$2k investment. any comments on time to ROI ?

 

[Duinchlfc]

How is Digibyte

To know whether a certain coin is worth it or not,a good indicator is go to reddit and see what's the developments there.The more subscribers or activities they have,the more likelihood it'll be worth mining.

Fastcoin for example,it's been around for a while but if you go to reddit,barely any discussions.

A coin is only valuable if people support it

 

[Duinchlfc]

alright, looks like i'm going to get this tomorrow. looks okay?

3 x Sapphire Vapor-x r9 280x : $475 x 3
Intel G1610 : $50
ASRock H61 BTC Pro : $99
1200/1250w PSU : ?
3 x Riser Cables : $25 x 3
Use current HDD
8GB RAM : $70 ?

Anyone can give me expected price range for this psu and whether other items price is expensive or standard?

Also, any idea about RAM whether 8GB cost that much ?

No need for 8 gigs,4 is sufficient.IF at the current bitcoin price and dogecoin difficulty.It'll take about 5 months for you to earn back your investment

Dogecoin Mining Calculator and Profit Calculator - CoinWarz - Scrypt Hash Rate 2,100.00 KH/s

 

[jownsftw]

Vapor x I think u will get at 43x at tradepac

Riser cable. Try look around in forum buy from forum seller cheaper

Hdd. U can use USB thumbdrive too

Power. Supposedly 1000w to 1050w psu is enough already. Not forgetting u still can down volt it using vbe

I'm planning to mine pandacoin and use windows. hence the need for own HDD.
tradepac no more stock for vapor x.

No need for 8 gigs,4 is sufficient.IF at the current bitcoin price and dogecoin difficulty.It'll take about 5 months for you to earn back your investment

Dogecoin Mining Calculator and Profit Calculator - CoinWarz - Scrypt Hash Rate 2,100.00 KH/s

i'm planning mine pandacoin, that's why need more ram.

 

[critical888]

jowns, i ask my friend pm u, he also wanna build pc for mining, u all go together to sim lim more people = more buying power

 

[Duinchlfc]

I'm planning to mine pandacoin and use windows. hence the need for own HDD.
tradepac no more stock for vapor x.



i'm planning mine pandacoin, that's why need more ram.

Wait what coins are you mining? scrypt or sha based? Why do you need more ram and a hdd?

 

[ykeen]

Wait what coins are you mining? scrypt or sha based? Why do you need more ram and a hdd?

pandacoin is vert based and some form of nscrypt so isn't direct scrypt nor sha.

 

[penyekz]

Dogecoin value dropping... now around 0.00008505 to LTC. Everyone dumping it? thoughts on whether its gonna rise again?

 

[Duinchlfc]

Dogecoin value dropping... now around 0.00008505 to LTC. Everyone dumping it? thoughts on whether its gonna rise again?

I will repeat this until i die.A coin is only be valuable if it is supported by people ,used widely or its name is made known in whatever media.Currently dogecoin has a community of 60000 and climbing,most of which are doing what they can to promote dogecoin like donating dogecoins to charities,sending a team to the winter olympics,paying and supporting small retailers with dogecoins etc.

You have to do your research and don't just mine whichever is profitable at the MOMENT because cryptocurrency is for the LONG TERM.

Unless you have the ability to mine thousands of dollars worth of coins and encashing it every month.Doing coin jumping is not going to benefits anyone.

And these price hikes and drops are manipulated by certain unscrupulous individuals like wolong to have massive gains for themselves while ripping others off by pumping and dumping massive amounts of coins.

 

[masotime]

And these price hikes and drops are manipulated by certain unscrupulous individuals like wolong to have massive gains for themselves while ripping others off by pumping and dumping massive amounts of coins.

 

[penyekz]

I will repeat this until i die.A coin is only be valuable if it is supported by people ,used widely or its name is made known in whatever media.Currently dogecoin has a community of 60000 and climbing,most of which are doing what they can to promote dogecoin like donating dogecoins to charities,sending a team to the winter olympics,paying and supporting small retailers with dogecoins etc.

You have to do your research and don't just mine whichever is profitable at the MOMENT because cryptocurrency is for the LONG TERM.

Unless you have the ability to mine thousands of dollars worth of coins and encashing it every month.Doing coin jumping is not going to benefits anyone.

And these price hikes and drops are manipulated by certain unscrupulous individuals like wolong to have massive gains for themselves while ripping others off by pumping and dumping massive amounts of coins.

I completely agree with u bro. Over the long term, I'm very happy to support dogecoin. I've spent some time in the various forums and the community is good.
However, my immediate goal is to recoup the cost of my rig. I'm not aiming for much but just happy to get my cost back... then can go on mining and supporting the coin.

As a side question, how do you cash out your coins? Into paypal?

 

[Duinchlfc]

i actually have a friend who has a US account and i linked it to coinbase.com so whenever i need to encash to pay for bills,i just sell my btc to usd and withdraw it as cash

 

[penyekz]

i actually have a friend who has a US account and i linked it to coinbase.com so whenever i need to encash to pay for bills,i just sell my btc to usd and withdraw it as cash

So you do dogecoin --> litecoin --> bitcoin depending on rates?