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: http://www.ibuypower.com/Site/CoinMine
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26 Comments on iBUYPOWER Debuts Coin Mining Systems

#1
RyneSmith
by: The Von Matrices
I think you're slightly confused. The system builder is not targeting Bitcoin. There are two separate situations:

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.
I'm not confused :) I'm well aware ASICs for SHA/Bitcoin have been around, I was just simply talking about the insane amount of newer generation models that are going to be releasing to the market in the upcoming months

ASIC miners for scrypt based currencies have been in development for some time : http://alpha-t.net/

According to them and their testing they have a 5 mh/s rig that will cost around $2207.25 and consume 100w of power (based on the current conversion rates from £1350 to USD). Right now to build a 5 mh/s rig on your own it costs around the price of 5 x 290x and the cost of the mobo/cpu/etc which can range in pricing depending on what you buy and when you buy it... but expect $3,000 and easily more.

Based on those figures/hash rates the miners that they have in production offer lower wattage and start up costs.

EDIT: I see now that my previous post was confusing haha sorry for that
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