Journal kesuki's Journal: so i dived into bitcoin.... 1
not really, i dived into dogecoin. but with my hardware i was able to mine 1,000 dogecoins a day which is worth $1.76 as of last refresh. roughly $50 a month with only the electric bill to pay its nice, but i decided the risk is worth investment. i don't quite trust 'asic' devices as the people making a scrypt based asic would almost certainly be making more profit mining new scrypt coins than selling asic for miners. at least until parts start going bad, then it's time to dump them on the market and let the buyers be jipped thinking they had a decent miner.
my current rigs do 170/khash but i just dropped $400 on a gpu that should do 600-800 khash on dogecoin the former is at my 2.2 days a total of 1700 dogecoins, which is as well as a 5ghash asic for bitcoin. mining bitcoin no longer makes sense(unless you have asic and are desperately trying to recoup your investment). oh and i get a nice free game to go with the new gpu. my power supply and motherboard are can do quad gpu, depending on how the initial gpu does i may buy a second and possibly a third. for legal reasons this is all part of my dad's small business. even though my computers are being run to do the work. as i am the only one with decent gpus. you may have heard of max coin so have i, but seeing the mining going on i'd say asic for maxcoin is highly likely. because math is hard and quality information on which exchanges to mine for maximum profit (they can all be converted once they are in your wallet) i am so far sticking with dogecoin.
update -- bad math. (Score:2)
i am bad at math, and i made a few mistakes. first off, i burned an ac adapter on my laptop. but more importantly i realized i can't run anything on the miner rig (my desktop) that is too intense while it is mining, so with problems fixed i am now mining 236khps from just the desktop. my desktop's motherboard only supports 2 gpus. i don't trust the internets numbers anymore, so i am expecting 600 khps from the new card. for a total of 836khps roughly. that should mean that i mine roughly $7 USD per day for