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Title: Mining future Post by: barwizi on August 20, 2013, 07:01:05 AM With altcoins gaining more popularity since the advent of the ASIC, is it worthwhile to still buy g/cards like say 50 x 7950s? or would the money be better served 1) Trading alts or 2) Investing in these scrypt ASICs developers. is the chance of having an overwhelming amount of power in maybe a year worth more than having medium power now for a year, then later standing in line?
Title: Re: Mining future Post by: lonesoul on August 20, 2013, 08:15:07 AM I just spent £1000 on 2 mining rigs to give me 2.2-2.4 Mh/s of Alt coin mining power :-) It bought them a week ago and so far i have made about £70 back on them through trading the coins they have mined. so I'll get the money back but it might take a few more weeks, at which point i could then sell the machines for half the value (easily) or i could split them up and sell the insides (GPUs/Powers/Motherboards) for more than i bought the entire unit for. So as long you aren't expecting them to make the entire amount back solely on there own but are willing to put a bit of time in trading, i would still think its a good bet.
But then again it all depends on how much you can afford to spend/lose because you never know what might be round the corner to ruin the best laid plans All the best Stuart Title: Re: Mining future Post by: cryptrol on August 20, 2013, 08:28:37 AM Is there actually someone developing Scrypt ASIC (or even FPGA) ?
AFAIK Blockburner has just quit trying. Title: Re: Mining future Post by: barwizi on August 20, 2013, 08:30:28 AM very true, most ASIC plans are still on paper, but consider how the first investors got almost a year's worth of mining on BTC while others waited for their orders.
Say i get a 500mh prototype, with a six month lead on commercial production. looking at today's prices and difficulties, that would be quite the handicap. Title: Re: Mining future Post by: cryptrol on August 20, 2013, 08:50:32 AM Say i get a 500mh prototype, with a six month lead on commercial production. looking at today's prices and difficulties, that would be quite the handicap. This situation would obviously be a great win, anyway investing in litecoin hardware development may produce unknown ouputs (if any).I would aim my efforts in developing a system using some relatively inexpensive mainstream hardware (read SoC, mobile GPU chipsets, ...) that outperforms GPU's _at least_ in terms of energy efficiency at the same buying cost. I don't think hashing performance could be improved much (if at all) with this kind of development, and ASIC development is insanely expensive. |