Thursday, 1 August 2013

Bitcoin: Mine or Buy right Now?

With more and more publicity about Bitcoin, more people are mining and blocks are being discovered at a rate faster then every 10 minutes causing the difficulty to increase. So it is now harder then ever before to mine Bitcoins.
GPU mining is a thing of the past. With several companies releasing devices specifically engineered to mine bitcoins, the difficulty has increased so much that it is impossible to turn a profit with a regular computer setup. If you want to make any money in bitcoin mining, you need an ASIC.
Even with an ASIC, you may still find that the difficulty increases make your miner obsolete. Keep that in mind when and if you decide to invest in an ASIC bitcoin miner.

Bitcoin investment is a great opportunity. There is no minimum amount to buy and right now they are in their infancy. Because of the increasing demand for Bitcoins is increasing they have increased in value exponentially. There is also a possibility of them dropping. It’s speculation, but the base is getting bigger, and because bitcoin has no central authority to issue them any faster, supply cannot keep up with demand, causing them to rise in value.

Buy Bitcoins here :
Local Bitcoins

Monday, 1 July 2013

Cost Optimized Litecoin Mining Hardware

Power Supply – $140  -  Corsair 850 Watt Gold Rated PSU.
Motherboard – $95 – ASUS M5A97. This motherboard has two of the 16x PCI-e slots  and two of the 1x PCI-e slots. All four slots can be used for mining GPU’s.  If it is out of stock, this one or this one are good alternatives.
GPUs – $600 (3x $200)  –  AMD Radeon R9 270 -  If the R9 270 is out of stock, the R9 270x costs just a bit more for slightly more hashing power and will still work with everything else in this setup. For specific configurationdetails be sure to read this litecoin mining hardware comparison.
Powered Risers – $30 (3x $10) Use 1x to 16x powered risers suspended above the motherboard with proper spacing for cooling the cards. You can get away with non-powered risers for rigs with up to 3 GPU’s, but I usually recommend going with powered risers if the price is similar as it reduces the strain on your motherboard.
CPU – $35 - AMD Sempron 145 Processor Since CPU specs have no effect on miningefficiency, we’ve chosen the cheapest option here.
RAM  - $40  – 4GB Kingston DDR3 RAM
Hard Drive –  $40  -  32GB Solid State Drive or boot BAMT from a fast USB thumb drive)
Case - $6 - Plastic Milk Crate (you might be able to pick one of these up at your local office supply store for less)
Power Switch  -  $6  – A basic Motherboard Power Switch does the trick, making it easier to start up your mining rig.
Extra Cooling  -  $30  -  Box Fan (good supplemental cooling for a mining rig, as it pushes all that hot air away from the cards)
Operating System  -  $0-$90  -  Windows 7 is my preference, but if you’re familiar with Linux you can of course download it for free (some folks consider Linux to be the best OS for litecoin mining, since it keeps your overall costs down, improving your litecoin mining ROI or return-on-investment). If you will be loading the operating system from a CD or DVD, a $29 external USB powered DVD drive will come in handy.
Monitor, Mouse and Keyboard (to install the OS and configure the mining software, no need to buy more than one set since you only use this for setup)