ASRock's Bitcoin Mining Motherboards Each Supports 6 Graphics Cards

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lordfirefox

Actually yesterday (11/18/2013) Bitcoin briefly touched $1100 on one of the other exchanges before falling back to around $550 but then it sprang back to $785.

I hope most of you know that nVidia GPU's (even titans and teslas) are lousy for mining Bitcoin. AMD's GPU's have more shader cores and can compute hashes far more quickly (sorry CUDA cores don't cut the mustard).

That being said, ASRock is a bit late into the game. They'd have been better off offering a motherboard that can house ASIC cards like the BFL Monarch.

However there is some good news, Litecoin is picking up in popularity and GPU's can still be used to mine it, you can trade your LTC for BTC as well at places like BTC-E and get quite a few Bitcoin for them so it's not a total loss.

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vrmlbasic

Those PCIe "extension cords" are causing me to flashback to the days of IDE and PATA cabling.

Speaking of Silk Road, with all the trillions of dollars the feds throw around they wouldn't hire someone to come up with a better name for the operation to take it down? "Operation Marco Polo"? Srsly? :(

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compro01

Such names are typically selected by computer at random from a dictionary-like list of words/phrases. The general idea is to make the name completely non-indicative so you can't figure out what the operation is doing from the name.

Having names that are clever/funny and related to the operations objectives would be a security issue.

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jbitzer

Not so much, those names are usually chosen by nerds in the military who are fixated at an adolescent level and want the name to sound totally awesome.

That's why the tamper tape to seal crypto has totally bitching scorpions and spiders on it instead of just saying "Void" or "tampered" when removed.

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stradric

I'm pretty sure you'd be facing some diminishing returns with 6 cards in one system. You would need a very sophisticated cooling system to pull that off.

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jason2393

I don't believe you'd have diminishing returns. When mining, I believe cards act independently, so 6 cards should provide 6 workers offering 6x the performance of a single card.
Still, a $300 ASIC offers 5x the mining performance of a $300 graphics card while only consuming about 50 watts. Aside from the bragging rights, I don't see why a serious Bitcoin miner would run a 6-card PC setup.

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stradric

Well if you can't pump the heat out, those 6 cards are going to suffer in performance and lifespan. Diminished returns.

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Obsidian

Jason2393 you totally nailed it. This motherboard is a year too late. Bit Coin mining on graphics cards is pointless for the wattage per unit of coin. ASIC solutions and specialized blade-server-racks have really edged out any person that's trying to make more than a few dollars a month. With China investing into this technology/concept there's going to be even more complicated calculations put in place that will offer ever lower returns.

I do eagerly await the conspiracy movie based on this distributed computing power and how it's cracking encryption for governments who are willing to pay. The ultimate bot-net.

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Mark17

This is why you just run an extension cord from your neighbor's house. FREE ELECTRICITY!

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jason2393

I'm much more interested in a Bitcoin mining ASIC. They're way more power-efficient and cost-efficient, too, so the initial cost is lower, and the time to break even is sooner.

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dgrmouse

I agree that going the GPU route is a waste, but I also think that even purpose-built chips are going to lose money for most people. If these things were solid-gold money-makers, the makers would be using them instead of selling them. This, I believe, also explains why the first purpose-built ASICs were slow to arrive.

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lordfirefox

GPU's can still be used to mine Litecoin which can be arb'd for BTC so they're not totally useless.

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jason2393

By my calculations, running an R9 290 doing litecoin will get you less than $10 a month. The card will cost you about twice that amount in power, depending on your power company.

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jason2393

It could also be similar to the gold rush, where the only people guaranteed to make money were those selling pickaxes.

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vrmlbasic

and jeans lol.