Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
my question is how do people afford these set ups and add in the power they would consume that would be a notable increase to your monthly power and utility bill.
Plus it says you can only order a maximum of 3 Mining Kit Super combos for $15K.
pretty sure but I could build over the top home PC or a heck of a decent Server/Workstation and how do the people afford to mine since to get started it looks like it is a large investment in hardware and will suck a lot of power that adds to the cost I guess if the person had already started early on the huge spike in value would mean they could use it to upgrade their hardware.
I just curious that now it is a big thing and all these people are shelling out large amounts of money on get on board and yet the risks now making back the original investment for the hardware are pretty low for people that are jumping on the bandwagon.
I am going to assume you are talking about bitcoin mining, (correct me if I'm wrong because I know there are other mining things out there,) and bitcoins are worth a really hefty sum, they are currently sitting at near $700 a coin. I have personally seen them cap out at over $1000 a coin. If you have a powerful enough miner, you can easily offset the power useage. But then again the smarter thing to have done was start early when the difficulty was low.
I wouldn't say that bitcoin will crash and burn, I don't think it will remain as high as it has been, but by that token unless you already have a powerful enough machine to mine them, I wouldn't bother as it is probably too late in the game to really make a profit from it. This is something that should have been gotten into early on to really make a profit. I do however foresee it becoming a viable virtual currency once the dust of the big boom has settled and the market for it calms down some.
The motherboard has 4 pci express slots that you can plug a pci express video card into (the long slots). Yet this kit has 6 video cards. How does that work. Not to mention that the video cards they are selling you are two slots wide. And that two of the pci express slots are right next to each other on that board. Thus you can only use 3 of the 6 video cards on that board. But I don't know a thing about Bitcoin mining (or any other coin mining). Maybe someone can explain to me how this hardware is supposed to work together.
The motherboard has 4 pci express slots that you can plug a pci express video card into (the long slots). Yet this kit has 6 video cards. How does that work. Not to mention that the video cards they are selling you are two slots wide. And that two of the pci express slots are right next to each other on that board. Thus you can only use 3 of the 6 video cards on that board. But I don't know a thing about Bitcoin mining (or any other coin mining). Maybe someone can explain to me how this hardware is supposed to work together.
That is what I was curious about with the 6 GPU Video cards and no being able to use all 6 of them in any configuration that I can think of with that MOBO and well I guess bitcoin mining is over since now.
Bitcoin, the controversial virtual currency, is watching its market value crumble. It has fallen to $60 this morning.
When trading reopened last night, Bitcoin instantly plunged another 35% to $78. Now, at $60, Bitcoin has lost 77% of its value from Wednesday's high.
Mt. Gox has been dealing with trading lag issues in recent weeks as popularity of the virtual currency has soared.
Some of these trading lags have been caused by "distributed denial of service" attacks, wherein hackers use large groups of computers to flood a website with bogus connections, preventing legitimate users from connecting and causing the site to crash.
The lag that sent Bitcoin traders into a selling panic on Wednesday, according to Mt. Gox, was not the result of a DDoS attack, but was instead due to the rapid influx of new users in recent days.
I guess there will be a flood of people selling off a bunch used mid higher end GPU cards unless they decide to try mining another virtual currency Newegg bundling all the video cards like it did now makes sense.
they have to unload all their inventory now stuck in their warehouses that are competing against all the people selling off their the GPUs systems and the market is flooded with video cards and silver and gold rated 100o watt-1500watt PSU.
Might have to shop for a ASUS P9X79-E WS LGA 2011 Intel X79 SATA 6Gb/s USB 3.0 SSI CEB Intel MOBO or ASUS Rampage IV Extreme LGA 2011 Intel X79 SATA 6Gb/s USB 3.0 Extended ATX Intel MOBO
Due to the huge flood of GPU Graphic cards and the higher end modular PSU and find myself a good deal on a i7-4930K Ivy Bridge-E and but can have the fun dealing with some not bad support on dealing with the BIOs issues on both those MOBOs seem to have.
That is what I was curious about with the 6 GPU Video cards and no being able to use all 6 of them in any configuration that I can think of with that MOBO and well I guess bitcoin mining is over since now.
Bitcoin, the controversial virtual currency, is watching its market value crumble. It has fallen to $60 this morning.
When trading reopened last night, Bitcoin instantly plunged another 35% to $78. Now, at $60, Bitcoin has lost 77% of its value from Wednesday's high.
Mt. Gox has been dealing with trading lag issues in recent weeks as popularity of the virtual currency has soared.
Some of these trading lags have been caused by "distributed denial of service" attacks, wherein hackers use large groups of computers to flood a website with bogus connections, preventing legitimate users from connecting and causing the site to crash.
The lag that sent Bitcoin traders into a selling panic on Wednesday, according to Mt. Gox, was not the result of a DDoS attack, but was instead due to the rapid influx of new users in recent days.
I guess their will be a flood of people selling off a bunch used mid higher end GPU cards unless they decide to try mining another virtual currency that get picked up and it seems very risky.
The info your quoting is rather old from last year at about this time, looking at the market now, it is falling, but is still at over $550 a coin
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
pretty sure but I could build over the top home PC or a heck of a decent Server/Workstation and how do the people afford to mine since to get started it looks like it is a large investment in hardware and will suck a lot of power that adds to the cost I guess if the person had already started early on the huge spike in value would mean they could use it to upgrade their hardware.
