GoldCoin Talk
Main Category => Mining & Pools => Topic started by: sizzflair on November 26, 2013, 04:36:03 PM
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I haven't built my rig yet since I'm still deployed oversees... but I plan on getting the rig up early December to mine/support GLD coin to become profitable down the road.
How much is 'too much?' The estimate hashrate for my planned rig is around 3500-4000 kh/s (in terms of litecoin so it should be similiar). Is that too much depending on the pool or would solo mining be more profitable?
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Sorry no one responded to you. Thank you for your service. I don't know exactly, but pool mining with almost every crypto-coin is going to be the best route. I'm not sure if there is a too-much as the difficulty should adjust to the miners speed accordingly making it fair. At Least that is what I can take from reading around here and there.
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I don't think that would be too much in terms of hashrate, and I agree with superbleester that pool mining is the way to go.
What kind of mining rig do you have planned?
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Thanks for the response 8)
From what I've read, it makes sense for pool mining... but with goldcoin's 51% attack protection and the current low difficulty level (I think...), I just wanted to ask and make sure. I'm still a noob so I'm learning as I go.
I'm planning on 4 x R9 290 to start it off. It should get me about 3200 kh/s to start with. It's pretty hard to get a new 7950s these days (it's not as cheap as it used to be... and I'm not sure about buying used ones without warranty) and I think 290s have a good potential to get better as people find the new settings (According to litecoin forum, it's been getting 850+kh/s). Less cards = less things to go wrong as well and less money spent on pcie extenders & space.... and the prices don't seem too bad at the moment. $400 per card and it comes with BF4 code so I could probably sell that.
Once I get familiar with the rig, I'll probably expand up to 4 rigs. If ASICs get in the picture and GPUs become obsolete, I'lll probably quad crossfire it or something for gaming haha :P. 290s should be easier to sell for gaming enthusiasts vs 7950s especially if the market is going to be flooded with them when that day comes :-\.
I'm willing to risk a little bit and hoping for GLD to go big :) If it goes up to $1.00 even, it would be a great investment :) Of course more the better and I'm in it for the long run!
Just curious, how many coins on average are you/have you guys been mining per day at x hasrhate? I just want to get an estimate on ROI.