How to Mine Dogecoin – a Beginner’s Guide

A couple of questions...

I am looking to get into mining. Due to my research, it appears that I would need quite the rig to mine bitcoins. I have come to the conclusion that litecoins would be a good place to start. If you guys/gals don't mine, I would like to get some clarification on a few things.
1) I have a few older computers lying around, but they are not too good, and max at 4GB Ram and are running linux. Would it be worth it to connect decent GPUs and put them online to pool mine?
2) Is pool mining the best way to mine? It appears that I would need lots of startup money to mine solo.
3) Frys has MSI R9 270X cards on sale for Black Friday for $159. According to this, they have an approximate hash rate of 475 kH/s. If I were to put two in one computer, would that double the approximate hash? If so, would this be more effective than a single 7950, as that would be 950 kH/s vs the 7950s 650 kH/s?
4) If mining solo, you don't get a reward unless you solve a block, correct? At 950 kH/s at current difficulty, that approximately happen every 159 days.
5) So, if mining in a pool, anytime the pool solves a block, the reward is split, so I would gain litecoins faster that way, correct?
6) There seems to be multiple types of pools. Which would you suggest, and why?
I guess my main interest, is how many people are actually collecting coins off smaller rigs? Should I just wait until I have enough free money to invest into a great rig?
Thank you for your time in advance, and sorry if I asked too much. Just really interested in all aspects of this. I have been telling my wife for a while that we needed to get into this, but somehow now its my fault that we were not mining 9 months ago.
submitted by LegionOfBalloons to litecoin [link] [comments]

[SG] I Am Accepting DOGE as Payment for Custom GPU Mining Rigs for Local Pickup in Chicago, IL USA

I have two custom rigs / mining kits IN HAND and I am willing to sell. I will accept Bitcoin or Dogecoin for payment of course, or USD if you prefer I guess =)
Topaz - $850 / 1.7 BTC / 850k DOGE - 2x Sapphire R9 270 GPUs - Motherboard, CPU+fan, 3GB DDR2 RAM - 1x USB Powered PCI-E 1x to 16x Riser - 1x 40GB SATA Hard Drive - 750W PSU - Open air black metal frame - 810 kh/s Scrypt Mining on cgminer 3.7.2
Jet - $950 / 1.9 BTC / 950k DOGE - 2x Sapphire R9 270x GPU - Motherboard, CPU+fan, 8GB DDR3 RAM - 1x USB Powered PCI-E 1x to 16x Riser - 1x 40 GB SATA Hard Drive - 1000W PSU - Open air black metal frame - 880 kh/s Scrypt Mining on cgminer
Sorry but prices in BTC/DOGE are subject to change, I have to pay USD for all of the components here so I have to adjust for the exchange rate. Prices quoted here reflect the current exchange rates and will have to be recalculated if there is significant gain or loss of value on the markets.
Both rigs are mining away at the moment with cgminer 3.7.2, so if you want them they are basically plug-and-play, just need to be configured to point at your pools (which I can show you how to do if you are a newbie). Windows 7 is the 'trial version' so it will ask you for a validation code but it will run just fine without it. I am also willing to build and deliver fully working CUSTOM MINING RIGS at various hashing powers - 800, 900, 1200, 1500, and 2200 - for around $1.25 per kh/s (with payment up front).
Professionally I am a career educator, so I am very patient and willing to sit down with you if you are unfamiliar with crypto and explain how everything works. I will make sure that the miner I sell is configured right and ready-to-hash, and I will explain to you how to use it and how to keep it running right. I have mined scrypt coins on several different types of cards using both Linux and Windows OS, I have mined BTC using ASIC hardware, I have managed exchange accounts, qt-clients, and a futures account on ICBIT. So basically I have some knowledge and expertise I am willing to share with anyone who is interested and willing to invest some money with me for hardware.
I think that GPU rigs are still a very good investment in crypto for two reasons. At the moment the scrypt coin economy is pretty stable. 1,000 kh/s will get you the equivalent of 0.010 - 0.015 BTC/day depending on which scrypt coin you choose. There are several coins that give at least this good of a return, which is great on its own. But then add the fact that GPUs can be resold for a very good portion of the original value, and that a mining rig can be re-purposed as a workstation or gaming rig. Personally I think I can offer a really good value, and if my apartment were rated to deliver more electricity without overloading my circuits, I would be building and mining off of more cards myself.
I am also willing to buy/sell limited amounts of cryptocurrency in person - up to $1,000 USD. I have well established accounts on major exchanges so if you are looking to buy or sell without all that hassle, I can help you out.
submitted by arthurdent6 to dogemarket [link] [comments]

This dogecoin adventure is crazy...

Hey guys, I'm a new shibe but I've been watching this whole dogecoin thing since it came out and I want to tell about my adventure... I remember hearing about dogecoin when it first came out, and my first thought was basically "well this is kind of stupid that this is a thing now but what the hell I'll check it out." I was mining litecoin at the time on just a ATI 5830 which only gets like 275 kh/s for me, so dogecoin felt more fun when I started mining it at such a low difficulty.
Anyways, I traded chunks of doge into litecoin a little at a time but then like a week ago I was impatient and had accumulated like 140k doges when the exchange rate was about 43 satoshis, and since I was impatient and wanted to actually buy something, I traded ALL of them for litecoin, which I then added to my other litecoin stash on BTC-E and then switched the whole thing into bitcoin. Then I bought a R9 270x from bitcoin store and was all proud of myself because I bought a video card with only mined coins!
Now I'm sitting here looking at the exchange rate and my head is exploding. It's cool having that video card (hashing away mining more doge now) but when I see how much that doge I spent is worth now it's kind of bittersweet, especially with the huge difficulty increase. I could have got a 280x with only my mined doge at this point without having spent any of my other coins!
It doesn't bother me too much though because it's all part of the trip to the moon right? So yeah that's my story, and I'm definitely having more fun with dogecoin than I thought I would initially even with my occasional losses (I wasted a bunch gambling too early on lol). I'm also completely new to reddit by the way, so... sup guys?
submitted by im_not_ur_doge to dogecoin [link] [comments]

LITECOIN ( LTC ) mining performance of AMD RADEON R9 series - R9 270X / R9 280X / R9 290 / R9 290X Bitcoin, Ethereum, XFX R9 380 - 4G Miner, Ethereum, Fast, NiceHash, HashRate R9 270 MSI x6 rig Part 1 Overclocking Radeon r9 270x Litecoin Mining Help AMD R9 270x + HD7770 on DELL 745: Bitcoin Test, Watts, Benchmarks

Stock settings are 1050/1400. Model: XFX Radeon R9 270X R9-270X-CDFR. 2GB Shaders:1280. The settings above seem to be the best rating. tried adjusting by 5's...took awhile but 380 is as far as it pushes at -I 13. I was able to stuff this in the i5 board with 4GB of PC3-10600. PCIe rev 2.0. 375W supply. Same results. If you can spend a little more, the R9 270X is a good option and should give you a hashrate of about 450KH/sec. Power consumption can be between 160-180W. One of the fastest (generally available) cards at the moment is the R9 290 , however you’ll need to pay for the privilege of getting your 850-900KH/sec. Bitcoin Mining in 2017 Profitable or Not? Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are: It depends on how much youre willing to spend, the answer would be as simple as that. Seeing that Bitcoin Mining profitability relies on many different factors, each person gigabyte r9 390x: 8 gb ddr5: 865: 250 w: claymore 9.6b: sapphire pulse rx 570 4gb: 4 gb ddr5: 865: 80 w: xmr-stak-amd: xfx r9 290 ref mod bios 1150/1500: 4 gb ddr5: 862: 164 w: sgminer: fury x: 4 gb ddr5: 860: 375 w: claymore 9.5: powercolor r9 nano: 4 gb hbm memory: 855: 175 w: claymore 10.2: sapphire r9 290: 4 gb ddr5: 850: n/a: wolfs gpu 15.06.2017 GPU table with hashrate. Table of RADEON AMD GPU. Table of Nvidia GPU. In this table we have collected for you the maximum number of GPU with their hashrate for mining different cryptocurrencies.

[index] [30650] [17435] [12817] [8997] [4576] [28348] [16586] [15548] [7721] [17073]

LITECOIN ( LTC ) mining performance of AMD RADEON R9 series - R9 270X / R9 280X / R9 290 / R9 290X

Lemme know if you come up with something that gives a higher hash rate: ... 6x R9 280x TOXIC Mining Rig! Over 4.6 M/hash Litecoin, Dogecoin unleashed! ... R9 270 vs R9 270X AMD Radeon ... SAPPHIRE R9 270X 2048MB GDDR5 nicehash mining benchmark ... RX 550 4gb Mining review Nice Hash bitcoin - Duration: ... 6x R9 280x TOXIC Mining Rig! Over 4.6 M/hash Litecoin, Dogecoin unleashed! Miner Ethereum, 50.000 Mh/s Nice Hash Power Supply: Thermaltake TR2 500w Motherboard: Gigabyte GA-H61M-S1 Micro: i7 4770 3.40ghz Card Video: Amd XFX R9 380 4Gb. Riser 007v. MSI 270X fitted into my Light coin rig Rig details: CPU: I3 4130 Ram: 4 gig vengeance Corsair MB: ASrock H87M Pro4 Current Hash rate : 450. LITECOIN (LTC) hardware mining review comparison charts - performance of AMD RADEON R9 series - R9 270X VS R9 280X VS R9 290 VS R9 290X measured and compared. You can mine LITECOINS LTC`s with ...

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