Hi all:

Sorry I was away for a bit, day job got a bit mental! but back now.

So yes as someone has posted, we decided to buy 6 x R9 270 (non-X), these cost £844
PSU, Mobo, Processor for about £250
Risers were about £70
Some metal bits in my shed to build a DIY style Chassis £0

The risers were unexpectedly more expensive than first thought.
I would say these are pretty standard prices in the UK.

...and guess what... we forgot a switch to turn the thing on and off!! Hopefully get that tomorrow and I'll post a pic of this rig.

I can't wait to buy this switch and find the time tomorrow to build it.

Any a advice where to test the rig on? I've used coinmine.pw and multipool.us on my PC with low Khs but I'm wondering if there is a better option?

Thx

Hi All:

I am going to be building and running a a farm of rigs and will be using a lot of electricity.

Approx 40 kilowatts 

I don't suppose anyone knows if it is possible to bulk buy electricity?

I'm paying 11.5 pence per kwh.

Thanks

Thanks. Yes we decided to build a scrypt mining rig. Parts ordered and should arrive soon.

To get started our first rig will cost about £1,100 ($1,800). That'll  get us to about 2.7Mh/s and energy usage of about 990watts.
Hope to do a 2 week test and then invest the rest into more rigs. (farm)

Out of interest what sort of £/$/btc/ltc per day per Mh/s would you aim for?

So far I am seeing references to about 5.5USD per day per Mh/s but hoping to hit about 8.

Hi

I'm starting to build a rig, my first attempt at mining and it will handle 2.7 Mh/s.

Through joining a pool I was wondering what would be a good target return in terms of USD/day per Mh/s?

Hoping to extend the investment to a larger rig if I can make this first one work out well.

Thanks

Thanks all for the advice.

It has made us think about a lot. Certainly I have changed my opinion from this thread and reading around.

As with most people on the forum the key driver is to make a bit of money in a relatively short period of time but another big driver is that we are all really interested in the idea of crypto currencies and the nature of how it is supported.

Anyhow we reckon we will do mining with GPU on altcoins, covert some back to $$ to cover costs and hold some in bitcoin.

So off to do more reading on how best to set this up!

Thanks again

Very interesting

Hi all:

A group of friends and I have been talking about BTC for a while now and we think we could raise about $10k startup investment and some ongoing running costs.

We've been thinking about mining, like the whole idea of BTC is very interesting and wondered what you would do if you had $10k how you would invest it into mining.

We've been thinking about getting something like the KnC Neptune and going for it.
https://www.kncminer.com/categories/miners

Some of the group think we should start small, build a cheaper rig using 6 x Radeon R9 290X cards. The guys that want to go this route refer the lower initial cost and like the idea that you can use it on other currencies other than bitcoin.

And then the last few guys are also asking why we don't just buy bitcoins and hold them until they appreciate.

Personally I think the gfx route is naturally going to be limited in performance and the power consumption vs performance is going to be poor.

I like the idea of going for a big machine like the KnC but unsure if the hardware will live up to expectations, if not then that's a  lot of cash out of the window.

What would you do with this cash?

Happy mining