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Question: What have you doing with the coins you mined?
Hold - 41 (29.5%)
Sell - 24 (17.3%)
Hold + Buy - 14 (10.1%)
Hold + Sell - 49 (35.3%)
I dont mine Bitcoins - 11 (7.9%)
Total Voters: 139

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Author Topic: [Poll] What have you doing with the coins you mined?  (Read 4384 times)
Easy2Mine
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October 26, 2012, 03:32:05 AM
 #41

I used the coins to buy pci-e x1- pci-e x16 extenders.
My last GPU rig was built on 21 august 2012.
I am not going to build GPU rigs anymore.
I hoard most of the coins.
I used a small part of the coins to place preorders at BFL and bASIC.
If the ASICS are true and hash as promised I will order more.

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aqrulesms
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October 26, 2012, 12:01:57 PM
 #42

I used the coins to buy pci-e x1- pci-e x16 extenders.
My last GPU rig was built on 21 august 2012.
I am not going to build GPU rigs anymore.
I hoard most of the coins.
I used a small part of the coins to place preorders at BFL and bASIC.
If the ASICS are true and hash as promised I will order more.


Litecoins are a very viable alternative for GPU miners right now.. not sure about the future though.

However I do suspect the price to rise when all the GPU miners switch to litecoin in the future, of course the difficulty will ensue which is why it is a good time to switch.

                   
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mrich8
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October 29, 2012, 09:41:24 AM
 #43

I've spent almost all of my mined BTC to purchase such things that are sold and require BTC for payment. So neither really "Hold" or "Sell" applies, I've "Spent", but I suppose "Sell" would apply more so since in effect I've generally sold my BTC for goods and services.

However, if I could ever actually purchase a real ASIC, say through eBay or Craigslist - maybe just a Jalapeno or something, I might sell my GPUs and such and/or sell BTC to buy that. But that would have to be in person where I could see it with cash or BTC, or online with a credit card and charge back protection and all of that kind of security, none of this "pre order" dodgy bullshit where for all we know the ASICs could be fake because I sure as hell haven't seen real proof either way.

Ultimately I'm not so committed as to take such a risk financially on something like that without proof. The only reason why I was initially successful in mining is that I just happen to own - arbitrarily - a workstation (Mac Pro) with an OEM Radeon 5770 and room to fit two more cards in the case, as well as favorable electricity rates.
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