Posts

Building my first 5.3MH/s litecoin mining rig

Image
Component Desc Cost GPU 5x Sapphire R9 290 $2495 GPU 1x MSI R9 280x $399 Motherboard ASRock Fatal1ty Z87 Killer LGA 1150 $125 CPU Pentium G3220 $59 RAM G.SKILL Ripjaws X Series 8GB $85 PS 2x Thermaltake Tough Power TP-750P $160 PS 1x CORSAIR Enthusiast Series TX750 $109 Case HDX 24 in. W x 14 in. L x 30 in Rack $20 Case 8ft aluminum angle piece $10 Risers 3x PCIE 16x to 16x $39 Risers 6x PCIE 1x to 1x $47 TOTAL $3548 Potential KH/s 5300KH/s $/KH $0.669 I did my homework on this and didn't take the decision regarding which motherboard to get lightly. Most of the guides I found suggested staying away from anything over 4 gpu's on a single motherboard but I really wanted to get 6 running on a single motherboard for a number of reasons. It would be cheaper than having two systems, less overall power than two systems and less to manage. Most guides for 5-6 gpu systems suggested only a few motherboards woul...

Geting Started with Litecoin

My venture into Litecoin started about two weeks after I bought my first ASICminer Blades. I couldn't stop reading about Bitcoin and trying to think of different ways to make money with it. Since I purchased my first ASICminer blades, the price of them had doubled every other ASIC miner was either sold out or way over inflated. I had three options now: 1. Invest in one of the next generation ASIC miners that are said be released in March/April with the risk that the difficulty would increase exponentially and an indefinite ROI. 2. Try to start a mining pool... a lot of unknowns here and with the abundance of recent "hacks" could take some time to make sure its secure. 3. Buy the currency outright... boring and still a big risk. 4. Build an scrypt miner with the new radeon R9 cards and try to mine profitable altcoins. Possibly less risky since the hardware should still be worth something if shit hits the fan with virtual currencies. Unknowns: how much current it wi...

Getting started with Bitcoin

I started my venture into Bitcoin about 9 months ago after I stumbled upon silk road ;) I used Bitcoin on a very small scale just to see how it worked but didn't take the time to research and understand why a virtual currency could become extremely valuable. I lost interest in Bitcoin until the end of October when I started seeing news stories on Forbes, Fox News and all the other major news outlets. I finally took the time to research and understand what could make a virtual currency like this so valuable in the future. With this new knowledge and the realization that if I would have invested $1,000 into the currency 8 months ago it would be worth over $10,000 now that I decided it was time to begin my investment into Bitcoin. After researching how I should invest I came up with two options. 1: Buy the currency outright and be stuck with a finite amount with the risk of loosing it all if Bitcoin one day becomes worthless 2: Buy an ASIC miner that should pay for itself in ab...

Who is Zach?

Let me start with a little background on myself, I'm a 21 year old college student studying Business and Information Systems at Drexel University. I've always been interested in technology and successfully pieced together my first custom computer when I was 11 years old using parts from retired PC's my dad had laying around. The only thing I was really concerned about though was the video card since I was planing to connect the computer to my TV and watch music videos on it. This was the first time I remember putting together the concept of how all the different components come together to make a computer function. Even though my dad helped me out I thought I was some pretty hot stuff because no one I knew had a computer connected to their TV and could watch music videos on demand. This was right after Windows XP came out and media center pc's had not gained much traction yet. Anyway by making this machine work the way I wanted it to I felt like I could do anything ...