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Old 05-13-2015, 06:39 AM   #11 (permalink)
Newb Techie
Join Date: May 2015
Location: England
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Default Re: Bitcoin mining

Remember to research your computing power against the current difficulty (I've not kept up-to-date with it so I don't know the current numbers). At one time a 10 GH/s device may have been impressive, but I remember there being a big wave of new hardware released recently which probably means you stand little chance on your own with a $50 ASIC.

I'm not telling you not to do it; just to do your research and make sure you're using up-to-date numbers in your calculations and not relying on blog posts from 2013.

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Old 05-13-2015, 07:22 AM   #12 (permalink)
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Default Re: Bitcoin mining

I'm in a pool so I'm not alone. And this is just as a small time hobby, plus my money is not umlimited (unfortunately). So as a little hobby, would a 10 GH/s device be acceptable, or should I find something better?

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Old 05-13-2015, 08:09 AM   #13 (permalink)
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Default Re: Bitcoin mining

If you're joining a pool, can't you communicate with other people in said pool? They'll have a better idea of what's going on.
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Old 05-13-2015, 10:33 AM   #14 (permalink)
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Join Date: Jan 2005
Location: In Gov't Regulated Cubical
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Default Re: Bitcoin mining

No one here really mined, so we are a bad source. What is the hash rates now anyway?
As mining goes on the difficulty goes up, so while 10G was good it could now be horrid.
If you look at butterfly labs other products, $350 gets you a card with 700G rate.
To me you can get 7 of the 10s for 70G, or 1 card and get 10x the rate.

Foldie = i7 950@ 4.0Ghz Gigabyte x58a-ud3r EVGA 970 SC Corsair H100 Corsair hx520 3x2gb OCZ Gold Corsair 650D
Woohoo = L5639 @3.1Ghz EVGA SR-2 gtx 260-216 Hyper 212+ Corsair 1050hx 6x2gb Corsair XMS3 Blackhawk Ulra
Alienware 18 - SLI 770M 4700mq 16Gig

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