Hello everyone, my name is Harrogate and I'm new here. I thought I'd introduce myself by sharing my thoughts on the current situation of the low level ASIC miner, such as myself.
I ordered 30 GH/s of mining power from Butterfly Labs (little single and jally) on June 3 of 2013; this hardware arrived four days ago. I've been mining at BTC0.02 a day. At this rate my gear would pay off in about two months. With difficulty viciously rising, I'm not sure when it will actually pay off.
My plan is to sell the miners, as people are still buying them (if you're interested pm me). Until then I'll keep using the slow trickle to fund my cpyptsy trades.
What are your thoughts on the validity of home mining in the "warehouse miner" age? If bitcoin mining becomes less viable, will the miners be useable for altcoins? Are there SHA-256 currencies that don't increase difficulty as power is added to the network? Can BFL ASICS solve anything but SHA-256?
Please introduce yourself and lend me your thoughts. I'm glad to be a part of this exciting community.
All Bitcoin ASICs work only with double SHA-256, so long as any altcoins out there use the same proof-of-work algorithm, you can use it there, yes, otherwise no. And the difficulty is there for a reason.