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Thread: Cryptocurrency GPU mining

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    Default Cryptocurrency GPU mining

    I would like to discuss about some possibility for the hardware enthusiast, which is cryptocurrency. Why I am mentioning this? Reason is its fun and possible to create coin by yourself(not an overstatement if you can make somebody take it but its true in a way). If you are the owner of AMD graphics card you can mine some currency for yourself.

    When first bitcoin comes it was possible for people to mine bitcoin on their desktop easily but now you will need specialized hardware(ASIC) to mine that as difficulty increases. But there are other alt coins like litecoin,dodgecoin,vertcoin etc which can be mined using your GPU. Now question is why you would like to mine cryptocurrency. My answer is its fun and maybe yes maybe in far future it can be very valuable if you mine some coin now and there is an international community and payment hubs that accept cryptocurrency. You can buy game from steam a bit of round way by the currency your GPU will create(It may takes more than month to collect game money.) and you can buy gift cards using it.
    Some sites that accept cryptocurrency:

    http://pock.io/
    https://www.steamloader.com/ (Current down in times of writing this article but will be up soon as they are very popular)
    http://www.gyft.com/bitcoin/ (they take bitcoin. No worry you can create other altcoin and buy bitcoin using that)

    There are more. I find these are reliable. It’s a bit dangerous world as too much tech people are there and they scam you very smart way.
    Bitcoin start at 2009 and then its price was kind nothing and now it is 485 USD and at one point it touches 1200 USD. About this much value increase I believe is market manipulation. But point is you can mine some currency for yourself just by googling and with your AMD graphics card. You can mine via CPU but that is not cost effective. Another thing is if you have any spare hardware use that to minimize cost of the thing. Reason is market is ups and downs vary on mostly bitcoin and at present market is downward.
    If anybody interested I can write some more on the software and hardware for cryptocurrency mining. I am posting my mining rig. Casing is build by me and another helper as its not traditional and cannot make anybody understand what I want. My bad.


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  2. #2

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    how much did you spend for buying the hardware for mining??
    How much time would it take for creating a coin in a single r9 270?
    How much does each coin sell for?
    Are the coins as liquid as real money (can you easily find customers who would exchange bitcoins with ordinary currency)?
    do you need any softwares for mining? names of those softwares
    Is mining profitable?
    What are the coins created- is it data??
    How to sell these coins safely?

  3. #3
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    Default

    Hi
    First of all what i did I will not suggest to anybody. Reason is i am taking it on commercial standpoint where as invest is not matter. Matter is how much money you make each day. The reason is my standpoint on a bet that one day coin will price higher than it is and I am creating only not selling. On r9270 I am getting 365 Kh/s for litecoin and dodgecoin mining. There are mining calculator like:http://www.litecoinminingcalculator.com/ and also more. Litecoin, dodgecoin and vertcoin is presently going strong. They all need cgminer scrypt. I am on a process of creating a site with required software and other instruction. At present profitability is quite low or even non existent. Coin mining is nothing just using your gpu processor to find a number from lots of random number(I am quite sure I am wrong but I don't care at this point as this is gpu is doing calculation and a result is coming and that is the coin. you can get better answer in wiki). My reason to post here is also build a community like that is in USA,Canada,Uk lot more and also I get to see it also Malaysia. You would be amazed to know that there is hardware company in India that build specilized asic miner for bitcoin. I don't see any ripple here. So trying to create one on my lazy way. Rather than selling coin and receive money(You would then again enter regular money system and you have to give regular wire transfer and countless hasle) I would suggest try to make it popular here as an exchange medium. I for one will sell hosting and domain and website development on cryptocoin.

    Thanks
    Rony

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    The price is going to go down again. Be hurry miners. Soon there will be surge of 2nd hand high AMD cards. GFX card Price will go down again i guess.
    Last edited by Mohiuddin; April 11th, 2014 at 04:33.

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    Default

    Hi
    Your guess is right. Ha ha ha. I myself buy amd card from bd in more price due to this mining fever only. Each card gets 2k-3k increase.
    Thanks
    Rony

  6. #6

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    Quote Originally Posted by Mohiuddin View Post
    The price is going to go down again. Be hurry miners. Soon there will be surge of 2nd hand high AMD cards. GFX card Price will go down again i guess.
    Yeah...ebay theika akta 2nd hand r9 270x kinbo

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    Hi
    That is best anyway. My opinion is go for r270x 4 gb version. In 2gb version I cannot make it go over 365 Kh/s as threadconcurrency is low due to memory and I cannot increase intensity without threadconcurrency. If I can increase thread concurrency I can increase speed. that what i am presently assuming.
    Thanks
    Rony

  8. #8

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    Quote Originally Posted by fahim1rocks View Post
    Yeah...ebay theika akta 2nd hand r9 270x kinbo
    bd te anste koto tax porbe ????

  9. #9

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    Quote Originally Posted by newgamer View Post
    bd te anste koto tax porbe ????
    computer parts er upor tax onek kom..1500 tk er moto hobe..ami akta gtx 660ti import korsilam. 1900tk tax lagsilo+500 tk ghush lagsilo direct GPO theke neyar jonne.

  10. #10

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    Quote Originally Posted by fahim1rocks View Post
    computer parts er upor tax onek kom..1500 tk er moto hobe..ami akta gtx 660ti import korsilam. 1900tk tax lagsilo+500 tk ghush lagsilo direct GPO theke neyar jonne.
    tax disen abar ghush???

    - - - Updated - - -

    Quote Originally Posted by newgamer View Post
    tax disen abar ghush???
    ki hisabe ghush nilo bujlam na.akta holo tax na dile kintu....
    660ti in total koto lagse?

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    Cryptomining is not worth it at the moment. BTW I like your setup, you might want to consider watercooling the cards, the microscopic amount of lube in the fan bearings tend to dry out in 24/7 mining.

  12. #12

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    Quote Originally Posted by newgamer View Post
    tax disen abar ghush???
    ki hisabe ghush nilo bujlam na.akta holo tax na dile kintu....
    660ti in total koto lagse?
    ghush lagsilo cause ami direct Dhaka GPO theke niye ashchilam. Rules are that they will deliver it to you or you have to collect it from the local post office. Collecting directly from central GPO is quicker and safer.
    In total 18k porsilo. It was a used card but in great condition.
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    Last edited by fahim1rocks; April 13th, 2014 at 01:12.

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    Thanks. Its not profitable now and for that reason network difficulty is decreasing and also coins get some problem around the globe. What i consider is that if it is future then I want a share in it. For others I would say you can easily buy some online stuff with it. I will think on water cooling. Its not as if I care at this moment as I have good warranty period with them but its bad to not take care of your hardware.

    - - - Updated - - -

    Also would like to have a community here. Iceland and Israel have their own cryptocoin. Thing is if anybody is good coder can create a coin using existing algorithm as all is open source. Main thing is acceptability.

  14. #14

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    Quote Originally Posted by fahim1rocks View Post
    ghush lagsilo cause ami direct Dhaka GPO theke niye ashchilam. Rules are that they will deliver it to you or you have to collect it from the local post office. Collecting directly from central GPO is quicker and safer.
    In total 18k porsilo. It was a used card but in great condition.
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    bro dont mind as far i can recall when 660bd te ashcilo tokon price cilo 18-19k.r apni kinlen used at 18k

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    Quote Originally Posted by newgamer View Post
    bro dont mind as far i can recall when 660bd te ashcilo tokon price cilo 18-19k.r apni kinlen used at 18k
    that is 660 "ti" not only 660 and ti version was 30k+ when it came first time in bd

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    Quote Originally Posted by newgamer View Post
    bro dont mind as far i can recall when 660bd te ashcilo tokon price cilo 18-19k.r apni kinlen used at 18k
    GTX 660 was 24-25k when it first arrived in bd. Even my secondhand MSI 660TFIII was bought for 23.5k. I still remember, the scanned copy of that money received still saved somewhere in my pc.

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    Quote Originally Posted by Vanguard View Post
    GTX 660 was 24-25k when it first arrived in bd. Even my secondhand MSI 660TFIII was bought for 23.5k. I still remember, the scanned copy of that money received still saved somewhere in my pc.
    ASUS GTX 660 DCU2 was about 25/26k when it first came.

  18. #18

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    Quote Originally Posted by newgamer View Post
    bro dont mind as far i can recall when 660bd te ashcilo tokon price cilo 18-19k.r apni kinlen used at 18k
    akhon notun 660 er dam 18k.....and I bought a used 660ti (not 660) in March of 2013 at 18k

    For some reason akhon Graphics card, phones, laptops almost bhairer countryr damer kachakachi dam rakhe. Tai import koire khub akta lav hoina. Shipping cost diye aro beshi pore.
    Last edited by fahim1rocks; April 15th, 2014 at 08:08.

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    Quote Originally Posted by fahim1rocks View Post
    ai price e ami clickbd, cellbazaar, bg etc te onek khujchilam kintu pai nai...so ebay theika kinsilam.

    For some reason akhon Graphics card, phones, laptops almost bhairer countryr damer kachakachi dam rakhe
    Do you mean retail price of a 660 in BD = international price? Or did you buy it from eBay?

  20. #20

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    Quote Originally Posted by Franklin View Post
    Do you mean retail price of a 660 in BD = international price? Or did you buy it from eBay?
    I meant that usually retail price of a 660 in BD =< international price + shipping (usually $50 from the US)
    Last edited by fahim1rocks; April 15th, 2014 at 13:53.

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