Bitcoin mining rig comparison
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Forget Mining BITCOIN, Start MINING LITECOIN with Home Built LITECOIN MINING RIG
The era of Bitcoin mining on the GPU is dead. A year ago, a single Radeon graphics card could crank out a reasonable fraction of a Bitcoin in a single day. Today, that same GPU earns a thousandth of a Bitcoin in 24 hours, generating little value while consuming a substantial amount of power. The shift to ASICs for Bitcoin mining mirrors the shift from CPUs to GPUs, but the market isn’t content to just turn those mining rigs off — not when there’s an alternative currency available for which ASIC miners do not exist.
That alternative is Litecoin — and there’s reason to think that buyers have emptied the shelves of AMD’s Radeon hardware to build mining platforms. First off, there’s the fact that you can’t find a high-end Radeon in stock at the moment. Newegg and Amazon are both out of stock, while over at Amazon, the lowly AMD Sempron 145 — a single-core, 2.8GHz chip with a .75 price — is the 5th most popular CPU.
Further proof of this trend is the Litecoin network hash rate, is shown here:
Clearly Litecoin miners are coming online, and they’re coming online en masse. Many of these are undoubtedly Bitcoin miners switching over now that GPUs are no longer cost effective, but some of these systems are probably driven by new miners.
