IBuyPower Rolls-Out High-End Systems for Virtual Currency Mining

Boutique PC Maker Introduces PCs for Virtual Currency Mining

by Anton Shilov
01/14/2014 | 11:02 PM

IBuyPower, a boutique PC maker specializing on high-end systems designed for video games, on Tuesday announced Mine-series of computers designed specifically for mining of virtual currencies. The introduction underlines growing popularity of virtual currency mining among PC hardware enthusiasts.

 

IBuyPower Mine systems can be based on AMD or Intel microprocessor and can incorporate up to three AMD Radeon R9 290X graphics cards for maximum mining performance. AMD-based system is equipped with AMD FX-4300 central processing units, two AMD Radeon R9 270X graphics cards, 4GB of DDR3 memory and costs starting from $999. Intel-based mining PC features Intel Core i3-4130, two AMD Radeon R9 280X boards, 8GB of memory and costs from $1599. All IBP Mine PCs feature 1000W power supply unit as well as sophisticated cooling to ensure maximum upgradeability and stability.

“iBuyPower prides itself for being on the edge of technology, and as the world changes, we want to be at the forefront. Coin mining and high-compute systems are one of the few new areas that we have interest in. We are thrilled to be part of revolutions, and crypto-currencies are definitely on the hot-list,” said Darren Su, vice president and co-founder of IBuyPower.

IBuyPower is the first gaming PC maker to introduce mining machines. Previously similar rigs were available only from specialized manufacturers.

Virtual currency mining may be done on central processing units, specially-programed FPGA [field programmable gate array] and graphics processing units. The more horsepower the generating personal computer has, the more “coins” the owner gets. An ultimate bitcoin mining machine should have a lot of graphics cards/FPGA cards that provide strong performance, yet, the overall system should not be too expensive. Two things that one should keep in mind is that difficulty of tasks needed to be calculated to earn coins is constantly increasing. At the same time, the value of Bitcoin, Litecoin, Dogecoin, Lottocoin is constantly changing. In not all the cases mining can be profitable since it is a very energy-consuming task.

It should be noted that companies like AMD and Intel do not guarantee 24/7 operation of consumer-grade hardware. For prolonged usage, the companies offer server/workstation class hardware (i.e., FirePro graphics cards, Opteron, Xeon processors). In case a Radeon graphics card gets damaged as a result of running compute-intensive tasks for many hours without a break because of constant overheating, there may be issues with replacement.