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<blockquote data-quote="morgurth" data-source="post: 6239969" data-attributes="member: 6694878"><p>I've mined 1 whole Litecoin (~$25 at todays rate). I have a Nvidia 560 Ti, so GPU mining is slow. It took me around 10 days. At the current Litecoin exchange rate, that isn't worth the trouble. If you could get Radeon 280x's, each one generates hashes at 4x the rate of my Nvidia card. If you could get 3 - 6 of them and a cheap motherboard, it might still be worth it. However, they are always out of stock, or someone wants double the price for them.</p><p></p><p>The Bitcoin mining ship has sailed, unless you can sink a lot of dollars into an ASIC rig. Even then, I doubt it's that profitable. You could attempt to buy some coins on the inevitable downturns, and then try to resell them on an exchange. They are swinging all over the place. When China announced that their Central Banks couldn't trade in Bitcoins, the price dropped from $1200/coin to ~$550/coin. But then, a few days later, it was back up to ~$900. It would take a strong stomach for wild fluctuations and a good chance of losing all your money though.</p></blockquote><p></p>
[QUOTE="morgurth, post: 6239969, member: 6694878"] I've mined 1 whole Litecoin (~$25 at todays rate). I have a Nvidia 560 Ti, so GPU mining is slow. It took me around 10 days. At the current Litecoin exchange rate, that isn't worth the trouble. If you could get Radeon 280x's, each one generates hashes at 4x the rate of my Nvidia card. If you could get 3 - 6 of them and a cheap motherboard, it might still be worth it. However, they are always out of stock, or someone wants double the price for them. The Bitcoin mining ship has sailed, unless you can sink a lot of dollars into an ASIC rig. Even then, I doubt it's that profitable. You could attempt to buy some coins on the inevitable downturns, and then try to resell them on an exchange. They are swinging all over the place. When China announced that their Central Banks couldn't trade in Bitcoins, the price dropped from $1200/coin to ~$550/coin. But then, a few days later, it was back up to ~$900. It would take a strong stomach for wild fluctuations and a good chance of losing all your money though. [/QUOTE]
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