Help needed ASAP~~!!!!

[Delicieuxz]

Someone would like to buy 3 Radeon 6990s from me in the next hour, for $350 each, for mining. Currently, I have three of these in a dedicated machinge mining at 774 mh/s each (2322 mh/s total), with the voltage on them dropped to 1040. I have another 2 6990s in my personal use PC, which I sometimes run for mining when I'm not araound. If i sell these 3, I'm going to buy 2 7970s, and hopefully OC them, and also drop in one of my 6990s from my personal use PC. The question is, am I going to lose in the long run by going this route? With the BTC value at what it currently is, I don't want to lose anything. I pay $0.11 per Kw/h (although it often isn't me who has to pay for it.

I'm having serious second doubts over the sale (which isn't promised yet), and my mind hasn't been able to weigh all the factors appropriately to determine what the best course of action is here. Right now, I'm leaning towards keeping the 6990s. But then I also feel like there's a big chance that that might turn against me in a bit.

Please, all help is appreciated, my mind is spinning over thinking about this. What do you guys think and what would you consider the best course of action to be?


Thanks very much,

- D

[Delicieuxz]

Ok, thanks!

[Littleshop]

Someone would like to buy 3 Radeon 6990s from me in the next hour, for $350 each, for mining. Currently, I have three of these in a dedicated machinge mining at 774 mh/s each (2322 mh/s total), with the voltage on them dropped to 1040. I have another 2 6990s in my personal use PC, which I sometimes run for mining when I'm not araound. If i sell these 3, I'm going to buy 2 7970s, and hopefully OC them, and also drop in one of my 6990s from my personal use PC. The question is, am I going to lose in the long run by going this route? With the BTC value at what it currently is, I don't want to lose anything. I pay $0.11 per Kw/h (although it often isn't me who has to pay for it.

I'm having serious second doubts over the sale (which isn't promised yet), and my mind hasn't been able to weigh all the factors appropriately to determine what the best course of action is here. Right now, I'm leaning towards keeping the 6990s. But then I also feel like there's a big chance that that might turn against me in a bit.

Please, all help is appreciated, my mind is spinning over thinking about this. What do you guys think and what would you consider the best course of action to be?


Thanks very much,

- D

Difficulty is rising bigtime in two days or so.  Sell them and buy BTC as soon as you can unless they are paying you with BTC which woud even be better.

[Delicieuxz]

Are you saying that BTC is going to skyrocket, too? It's nearing it's highest point ever right now.

[crazyates]

Are you saying that BTC is going to skyrocket, too? It's nearing it's highest point ever right now.

The price of BTC is not dependent on the difficulty. If the difficulty goes up, it does not mean the price will go up as well.

[Delicieuxz]

But I don't understand why I should spend money from selling my cards on buying BTC when they're near their all-time high. And I'm wondering if the Wall Street thing will have a large boosting effect on BTC value.

[LazyOtto]

What do you guys think and what would you consider the best course of action to be?

That you do your homework.

1) What is your break-even point for power cost at BTC price and difficulty level?

2) How long, under what assumptions, until ROI is achieved?

IMO, the game is now over for GPU mining as it was for CPU mining before.

Unless your calculations show you mining at a profit with that hardware at difficulty level well past 60 million in two or three months, currently around 4 million, then make the sale, pocket the cash and consider you had fun while it lasted.

It is a sucker's bet to be buying new GPU hardware just for mining at this point.

Continuing to use existing GPU's, you might do OK for another couple of months. At current BTC exchange levels.