Tuesday, January 14th 2014
iBUYPOWER Debuts Coin Mining Systems
Imagine a machine that went to work for you each day and earned you a paycheck, while you relaxed in front of the television. The IBUYPOWER GPU coin mining systems powered by AMD's Radeon HD 290X graphics cards do just that.
Coin mining is taking the world by storm. By crunching data to help support the currency ecosystem, consumers can earn Litecoins, Dogecoins and Lottocoins, among many others. Of course, with all that compute power on tap, you'll be able to crunch through general compute tasks faster than ever."iBUYPOWER prides itself for being on the edge of technology, and as the world changes, we want to be at the forefront," said Darren Su, VP and Co-founder of IBUYPOWER. "Coin mining and high-compute systems are one of the few new areas that we have interest in. We're thrilled to be part of revolutions, and crypto-currencies are definitely on the hot-list."
With high-demand on Radeon compute processing, iBUYPOWER is making several configurations available for those who demand the highest density of Radeon compute performance.
See all available options on the iBUYPOWER website: www.ibuypower.com/Site/CoinMine
Coin mining is taking the world by storm. By crunching data to help support the currency ecosystem, consumers can earn Litecoins, Dogecoins and Lottocoins, among many others. Of course, with all that compute power on tap, you'll be able to crunch through general compute tasks faster than ever."iBUYPOWER prides itself for being on the edge of technology, and as the world changes, we want to be at the forefront," said Darren Su, VP and Co-founder of IBUYPOWER. "Coin mining and high-compute systems are one of the few new areas that we have interest in. We're thrilled to be part of revolutions, and crypto-currencies are definitely on the hot-list."
With high-demand on Radeon compute processing, iBUYPOWER is making several configurations available for those who demand the highest density of Radeon compute performance.
See all available options on the iBUYPOWER website: www.ibuypower.com/Site/CoinMine
26 Comments on iBUYPOWER Debuts Coin Mining Systems
Just... just do it.
Maybe they meant to market these only around the arctic circle.
The way they space those cards though, I think it's a gamble that they don't burn themselves up before 77 days.
Now I’d think a boutique builder would have the resources to monitor and check the temp they build into their set-up and enclosure. Then AMD must have ran such three stack cross-fire and determine the cooling adequate to sustain operation... But yea you wonder what kind of warranty iBUYPOWER will be providing.
Step 1, find the cheapest motherboard with the most PCI-e slots.
Step 2, find the cheapest, lowest power processor that works with that mobo.
Step 3, load it up with as many cards as possible.
Step 4, hack up a plastic storage box to hold all the parts.
Just looking at about the lowest cost for a single 280X Intel system iBuy price is $1162, while figure the card is worth $300 MSRP. Means you’re paying $862 for what amounts to a liquid cooled i3-4130, Gigabyte GA-Z87-HD3, 8Gb of ADATA XPG V2 DDR3-1866 Memory (free upgrade), 850 Watt LEPA G850-MAS 80 PLUS Gold PSU (free upgrade), 1TB HDD, DVD drive all in the NZXT Source 210 Mid-tower. Those parts are probably worth in the “open market” figure about $700. So included the card at $300, Win7 64-bit COD (figure another $80) along with a neat gaming mouse/keyboard, and free “Grid” Game for the i3 processor. Not that you need that but free stuff is nice.
It that translates to less that $100 to build and box it, but then there’s shipping. I can’t see at this point but that perhaps another $30-50 ground, it would appear it would be first-second week of February before it arrives. Better pricing than I would’ve guessed, while supposedly a 3 Year Standard Warranty Service whatever that provides? Honestly a better Gaming machine build than for mining. Like you said just minimal components in a plastic bin give the best give the best ROI.
To be honest though in the end I wouldn't buy a prebuilt miner or computer to begin with.
What people are being charged for is a stack of GPUs. You can do that yourself, for a good deal cheaper. Better yet, buy one of the ASIC only miners, designed to run 24/7 without generating enough heat to warm two rooms. The option out there are great, but I feel this is a PR stunt more than a product release.
By the time anyone wanted just coming into mining could get an ASIC that was worth the money the bitcoin market will be flooded with ASICs
Best thing to get into is scrypt mining, not sha, which is GPU based.... but not for too much longer
For SHA2-256/Bitcoin, ASICs have been around for almost a year. No one is or should be using GPUs to mine them anymore. The system builder is not targeting this market.
For scrypt/Litecoin, ASICs are not available, and there are no definitive plans for them. It's even questionable whether scrypt ASICs can make significant gains over GPUs due to the complexity of the algorithm. This is the market the builder is targeting, and it is not one that will be obsolete any time soon.