Just had two more Gigabyte 6770's arrive.  That makes four of em on my rig @ 220 kHash/s each using cgminer for litecoin at the moment.  Just ordered a Gigabyte GA-F2A85X-UP4 + AMD A4 5300 + Gigabyte 7970.  With the APU, I can run the onboard video to my overhead 42" without slowing down any of the 6770s.  Putting the 7970 in my main rig and transfering the 4x6770's to the mATX APU board.  Should be close to 1.7 Mhash/s by tomorrow evening.

Agreed.  I think speed of transactions and solid GPU farming opportunity will drive LTC alone.  What can I say, I'm optimistic.  I think cryptocurrencies in general are a game changer and solid investment.

Ah, my bad.  Just used to people updating their original post when maintaining a project.  I'll check it out.  Too far along on my own project to abandon it.  Wouldn't hurt to have a BAMT alternative regardless.

Yep, I'm familiar with BAMT.  I believe BAMT 0.5 was released Feb '12 so I assumed development had halted.  Sounded a little dated for my taste.  I tend to roll my own distros when the task at hand can benefit from it.  I'll release it to the forums after it's been battle tested.  Also need to throw together a site and set up some mirrors before I put it out there, but thats the easy part.

I'm actually doing the same right now.  How far along are you with it?  I'm stripping it down to use openbox wm and using 12.10 w/ 3.8.2 kernel.  Having it set up to load into ram so that I can pull the stick and boot another machine.  Also apache and psql with a web interface so you can log in over LAN and check status.  The web interface is whats taking most of the time though.  But at least it will be responsive so i can check it on my phone if i decide to open ports on my router.  PM me if you wanna compare notes.

Here you go.

http://www.aerocool.com.tw/strike-x/chassis/218.html

Doing the same.  When I'm not designing my next rig or slapping powerpoint presentations together for investors, I'm studying the market and finding good entry points and exit points to buy/sell cryptocurrencies against each other.  Pumped about breaking 1000kHash/s tomorrow.  The ASICs were supposed to hit the market ~6 months ago.  Its been nothing but delays and the ones that have been shipped aren't changing the market that much.  And I read the other day that the guy who heads BFL just got out of prison for doing 3 years on a fraud beef.  Dunno if its true but if he's just been putting on a good show just to hit the door, I'm gonna lol my balls off.

I'm doing the exact same thing.  As of tomorrow, I'll be running four 6770's at 240kHash/s each mining litecoin.  Right now just two.  I've been building my next rig in my head ever since I got my first one built.  I'm hoping these ASICs ship soon cause its going to be a free for all in the hardware section of the forum.  Will be a great time to pick up gear for next to nothing.

I decided to put solid processors (AMD FX series), at least 8gigs of ram and a stable video card, that runs cool, in my rig.  The parts are built buy the same manufacturer (Gigabyte, had some great experiences with their server boards).  Its simply a matter of building durable rigs that I can throw at whatever needs mining.  Cost an extra $200, but like you, I'm in this for the long haul.  What I'm not spending on electricity (its included in the rent) and isn't being spent on maintaining an office (eff that noise) is going directly into rigs. 

As for sticking to one crytocurrency or another, I'm undecided.  You know how it goes.  When your favorite sports team starts to loose there are a million reasons why there losing.  That doesn't work so well when dealing with investors.  I've found its best not to be biased in these matters. 

I mined LTC all weekend due to the better rate of return.  Now its monday and I'm trying to decide what to stick with.  If you check the litecoin charts, it looks like its found its current bottom.  I'm optimistic.  Just built a rig last week to mine bitcoins but dropped a good proccessor and solid ram into the system so it would be a versatile rig.  Now I'm glad I did.  Even with the current state of litecoin, I'm still making 33% above what I'd make mining BTC.  

My theory is when big brother bitcoin starts movin on up, little brother litecoin will follow.  When one gets popular (which is happening with bitcoin) it brings the other into the limelight.  There are people here that know more about the fundamentals than me, but I've seen some stuff go mainstream via indirect press.  Crytocurrency is a hot topic right now.  Its the 80's all over again with swiss bank accounts, but this time its smarter, sexier, and has far more potential to change the way we do business.  

After proofing that, I've decided to stick with litecoin for a few.  Another look at the charts over at litecoinpool.org confirmed it.  Go check em out.

http://www.litecoinpool.org/charts

I've been mining litecoins all weekend and its been a good move.  Bitcoin will always be big brother and litecoin will be its little brother.  When someone joins the forums, usually they have a bitcoin address posted in the footer of their message.  After another week, you'll more likely than not see a LC address posted right under it.  This is a trend I've been observing for months here (yea, i lurked for a while).  

My thoughts are, GPU mining isn't going anywhere.  As soon as ASICs start running into technical difficulties such as hardware and software issues (remember, ASICs are still pretty beta), theres going to be a balance.  If your hardware goes bad with an ASIC, you can't just quickly throw $100-$400 at the issue to make it go away (price of a mining GPU).  You have to deal with your supplier whos dealing with 100's (if not 1000's) of the same issues with other customers.  A dead GPU is a quick fix on the hardware forum here as theres always good cards relatively cheap and quickly delivered.  Hell, you might even be able to find something at a local shop.  More miners are going to be needed, not just better hardware.  I've seen plenty of people with the money to get into a bleeding edge business, screw it all up because it was beyond them.  If you think just because somene got an ASIC they can mine at max GHash/s for extended periods of time, your wrong.  

What I'm getting at is, people have been talking ASIC since the middle of last year, with next month being the month its gonna ship.  I'd rather get in now while the bitcoin is under $50 USD.  High for last year, but theres way more room for it to go up.  Shit just went mainstream (talking bitcoins on bloomberg? wtf!).  All the hipsters with disposable money want 'coins cause its cool and the rest want the freedom that it brings.  Theres a demand.  When demand rises beyond supply, so does the price.  

Thats just my two cents.  Sorry for ranting.  

I got all my info from this video  
http://www.youtube.com/watch?v=WdrSP0V-KLg

Also would suggest on hosting.  MediaTemple if you want quality hosting and ease of use for cheap (~$20/month).  Firehost if you wanna go pro (~$400/month for entry level hosting).  If you say the GD word, I'll kill you myself. (hint: they have obnoxious commercials, their owner is a ginger with no soul, and they define the oversell cliche).

I'm a graphics ninja. Would love to design.  Any ideas on which framwork you'll be using?

There will always be something to mine.  Cryptocurrencies are just starting to come into the mainstream.  To limit yourself to just bitcoins would be foolish.  I found this video that explains it perfectly.  Kinda gotta watch the whole thing to understand it though.

http://www.youtube.com/watch?v=FTsNEUZx8v8

up to 450MHash/s on 2 x 6770 when I push em hard.  When I can't babysit em, it goes down to about 395MHash/s but then I throw my laptop in to cover some of the difference (it does 44Mhash/s on a first generation A8 APU).  Just ordered two more gigabyte 6770s @ $107 each via TigerDirect.  Get em on Tuesday. 

Also have 4 riser cables coming in (2 x PCIe x1 to PCIe x16 cables and 2 x PCIe x16 extender cables).  Check amazon if interested.  These seem to be neccessary if running more than two cards, even on a ATX board.

I just did the same thing.  Gave bitminter a try for a day or two but the returns sucked.  I started out with slush's pool and got familiar with the various tools (cgminer, rpcminer, etc).  Now I'm back at slush's.  I get about 1 stale every 2000 blocks which is way better than what I was getting at bitminter.  Plus the rate im hashing at +100 Mhash/s at slushes than what I was at bitminter. 

I've been mining namecoins lately.  Mainly to buy a few .bit domains.  Other than that, is it really worth it?

My bad, they were running Phoenix 1.50 on the setup they had.  And it went a little something like this:

-k phatk PLATFORM=0 DEVICE=0 VECTORS BFI_INT WORKSIZE=256 FASTLOOP=false AGGRESSION=13

Anywhere from 450-500Mhash/s with RPCminer and some modifications to the memory powering on the cards.  Plan on under-powering the cards memory and clocking the GPUs a bit.  Word on the street is they run way cooler than other cards even with clock modifications.

I've heard of 400Mhash/s without tweaking while running two of these cards side by side.    

Sources:
https://en.bitcoin.it/wiki/Mining_Hardware_Comparison

Just got the confirmation.  This is what I have arriving in the mail today:

1 x AMD FX 4100 4-Core Processor, 3.6 4 Socket AM3+ 
2 x Gigabyte GV-R677D5-1GD Radeon HD 6770 Video Card
1 x Gigabyte GA-970A-DS3 AM3+ AMD 970
1 x Corsair Vengeance Blue 8 GB (2X4 GB) PC3-12800 1600mHz DDR3
1 x KENTEK 700 Watt 700W 120mm Fan ATX Power Supply 12V 2.3 EPS12V 2.92
1 x GAMMA Classic Series ATX Mid Tower Interior Steel Chassis

and its all gonna boot off of...

1 x ADATA Superior Series S102 Pro 16GB USB 3.0 Flash Drive
(Rolling my own live distro for this project based on Ubuntu 12.10.  I call it BitBuntu.  I'll release it on the forums when it gets smoothed over a bit.)


I went the conservative route.  6770's aren't going to win any bit-speed records but they will do something alot of your cards won't: Run COOL!  I paid $100 each new and under warranty.  I've seen people posting numbers ranging from 200-249Mhash/s per card.  I went with Gigabyte motherboard and cards because I've had good experiences with them.  As a system builder for the last 15 years, they've never let me down. 

Don't know much about the ram other than it was cheap. Also went cheap on the PSU but 700W for $40 (and new at that, check amazon) is a good buy. 

Now I know some of the elders are thinking, "you could have saved money on the CPU and RAM and bought a better PSU, newbie".  Thats not the plan.  My goal is to build a versatile mining rig that can mine other currencies as well if the market calls for it.  At first chance I'll be adding a better PSU, two more Gigabyte 6770s and another 8GB of RAM.  Some of the other cryptocurrencies are heavy on RAM and CPU usage (I believe litecoin is one of them). 

Oh and I got all of that for $500, overnight. 

Your thoughts?

New guy here.  Am only pulling 52.5 MH/s on my lappy (AMD A8 APU).  Got ambitous and launched a GPU cluster instance on Amazon last night.  Two Teslas.  Pulled a whooping 200 Mhash/s.  Like I said, I'm new .  Ordered a few 6770s today.  Been mining for a week now.