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21
1.8Mh Litecoin mining Rig
by shells45
Permalink:   (30 comments)
Description

I built this about a week ago to mine litecoins. It uses about ~1000 watts of power. With I get about .7 litecoins per day at today's difficultly. The 6950 on the right has an aftermarket cooler because I broke some fan blades on the original by accident.

Part List
Details
AMD FX-4300 3.8GHz Quad-Core Processor
CPU Clock Rate3.8GHz
CPU Temperature While Idle-
CPU Temperature Under Load-
Comments
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HK_Rage [1 Build] 3 points 8 months ago

at 1000watt's, I'm assuming you're not making much profit.

 
 
MAXXHEW [2 Builds] 2 points 8 months ago

All the "mining" of "coins"... Lite, Bit, (or whatever they may want to call it) all falls under the general name of "cryptocurrency". If any of you are wondering why the high end Radeon cards were out of stock all the time with jacked up prices... the cryptocurrency miners created a huge demand, that the card vendors had a hard time supplying. Just out of curiosity shells45, approximately how much is the .7 litecoins worth that you mine each day? I have been curious about the whole idea & thought about getting into it, but I really have no idea where to begin.

 
 
shells45 [Submitter] [4 Builds] 1 point 8 months ago

It depends on the price of LTC. I make 15-25 dollars per day.

 
 
MAXXHEW [2 Builds] 1 point 8 months ago

Well how would one decide what "coin" system to get involved with? Basically... what "coin" system will be more profitable, or promising for the future?

 
 
Cale [1 Build] 1 point 8 months ago

Bitcoin is not worth getting into at this point unless you are prepared to make a huge investment and even then the return would not match costs.

Litecoin would be the way to go but do a lot of research before you jump in.

 
 
fsma92 [2 Builds] 1 point 8 months ago

you're making anywhere from 450-750$ a month but is that net profit?

 
 
shells45 [Submitter] [4 Builds] 1 point 8 months ago

yes

 
 
fsma92 [2 Builds] 1 point 8 months ago

is it something that is hard to get into?

 
 
shells45 [Submitter] [4 Builds] 1 point 8 months ago

At this point with GPUs at the price they are it would take a long time to make your money back. The Bitcoin/Litecoin market is very volatile right now. Setting up the rig is not that hard. Google Litecoin profit calculator if you are interested. Make sure you really understand how the whole system works before you invest.

 
 
fsma92 [2 Builds] 1 point 8 months ago

how much do you pay per kW/h?

 
 
shells45 [Submitter] [4 Builds] 1 point 8 months ago

Way too much. $0.18

 
 
fsma92 [2 Builds] 1 point 8 months ago

I pay 0.054 for the first 30 Kw/h each day and then 0.078 for the rest of the consumption I have a 7870 XT which comes to around 500 Kh/s I would "profit" around 75$ a month.. how do you sell/trade the LTC? in 4 months I could add a 2nd graphics card

 
 
shells45 [Submitter] [4 Builds] 1 point 8 months ago

With exchanges. But the foreign wire transfer fees eat up a lot of the profit if you do not have large enough scale. Its probably not worth the effort for you. I wish my power costed that :)

 
 
Firecrackers [1 Build] 2 points 8 months ago

This just looks awesome. I like the whole 4 way crossfire setup. Is that in a garage or of some sort? Crack the garage door a bit and get some nicer cooling possibly?

Or you could have always bought reference cards and used your garage as a sauna and call it "litecoin spa", and make profit off of that, too.

Nonetheless +1 just like the mini powerhouse.

 
 
candy [2 Builds] 1 point 8 months ago

What is litecoin? I keep hearing about it and it apparently has brought the price of the 280x by 100$...

 
 
xx116xx [3 Builds] 2 points 8 months ago

http://www.bitcoinmining.com/ I didn't know either, so I searched it this morning and it's kinda like this. Watch the video on the front page.

 
 
shells45 [Submitter] [4 Builds] 1 point 8 months ago

It's a bitcoin derivative that people mine with AMD gpus. I got these right before all the prices went up.

 
 
candy [2 Builds] 2 points 8 months ago

So bitcoin is affecting the prices of GPUs because people use them for mining? That sucks...

What's the advantage of using litecoin or bitcoin over normal cash, it seems like there isn't much that you can buy or do with them.

 
 
Gooderson [1 Build] 1 point 8 months ago

Subvert government institutions, help engage in illegal activity, etc. <3<3

 
 
fnapoli [1 Build] 1 point 8 months ago

I believe you can also buy and sell them for real money

 
 
MAXXHEW [2 Builds] 1 point 8 months ago

I'm guessing tax evasion, money laundering/structuring... wait those aren't advantages are they?

 
 
ravagex 1 point 8 months ago

The 7970 I bought 2 months ago has jumped $200

 
 
aquariusdude 1 point 8 months ago

Whats that on top of the gpu with piping is that a cooler for the gpus? if so could you tell me the name of it so I can order some as well for the rig im about to build? thanks!

 
 
shells45 [Submitter] [4 Builds] 1 point 8 months ago

Its a cage/blower type fan, nothing special.

 
 
aquariusdude 1 point 8 months ago

Also question are you self mining or have you joined a pool? thanks!

 
 
shells45 [Submitter] [4 Builds] 1 point 8 months ago
[comment deleted by staff]
 
 
MrBeastshaw [13 Builds] 0 points 8 months ago

LOL loving the card board separators between the video cards! +1 for fire hazard.

 
 
shells45 [Submitter] [4 Builds] 8 points 8 months ago

paper burns at 451 F. Nothing on the card is that hot :). The motherboard is also sitting on a cardboard box :)

 
 
noah.eckman [1 Build] 5 points 8 months ago

I wonder why you know that number so well... +1 for literature knowledge

 
 
woolycho [2 Builds] 1 point 8 months ago

Ray Bradbury!