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Epicblood (OP)
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October 14, 2012, 04:07:56 PM |
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I only got into bitcoin not too long ago (about a month) and was just reading about how ASICs are going to change the game. I figure since all those hardcore miners who buy tons of ASICs will drive the difficulty up quite a bit, mining with anything but an ASIC would not be profitable at all. Is this a correct assumption?
and #2
I didn't get into bitcoins for the money really, more for the fun of it and playing the diff gambling games (really like the minefield game). Do the people who run these games end up making more BTC than the miners?
And what do you think of a sort of miniclip for bitcoin games? been working on a few games and was going to make a site for theme soon (as soon as I get better at php, or if someone wants to help me xD). If you like this idea let me know, and I'll work on it more (could also use some BTC donations so I can get hosting and whatnot).
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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crazyates
Legendary
 Offline
Activity: 952
Merit: 1000
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October 14, 2012, 05:33:49 PM |
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Depending on how cheap your power is, I don't know why you wouldn't run on some FPGAs, assuming they're still profitable to some degree.
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underminer
Full Member
Offline
Activity: 210
Merit: 100
Not for hire.
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October 14, 2012, 05:44:12 PM |
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Have you read up on litecoin? What little I have looked at sounds promising. And I'm dreaming here: *but* bitcoiners might create yet another bitcoin split, incapable of being mined but anything but gpu.
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Keep your bitcoins my .02 are free.
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Epicblood (OP)
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October 14, 2012, 05:46:20 PM |
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I have no idea how much power costs here, but I know a guy at Xilinx and he said he could get me a few free FPGAs (he's a higher up)
would that still leave me with a reasonable profit rate?
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underminer
Full Member
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Activity: 210
Merit: 100
Not for hire.
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October 14, 2012, 06:02:32 PM |
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Um yes.
Always say yes to free in the computer world lol.
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Keep your bitcoins my .02 are free.
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Epicblood (OP)
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October 14, 2012, 06:06:35 PM |
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lol, but will it still be a feasible miner, (will it generate a bitcoin in under a week)
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Jack1Rip1BurnIt
Sr. Member
Offline
Activity: 350
Merit: 250
Trust me, these default swaps will limit the risks
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October 14, 2012, 06:15:22 PM |
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We couldn't possibly know yet. Although most of do believe that within 6 months it will take more than 30 GH/s to generate a bitcoin a day. We are just speculating, but it's hard for us not to be realistic about all of the asics hitting consumers.
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Successful trades with bels, misterbigg, ChrisNelson, shackleford, geniusboy91, and Isokivi.
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Epicblood (OP)
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October 14, 2012, 06:18:57 PM |
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well damn
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firefop
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October 16, 2012, 02:41:04 AM |
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fpga's should still be profitable if you have low power costs... you could always invest in a small but scalable solar system as well as mining equipment.
free power gets you free btc even if the return is small.
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poon-TANG
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October 16, 2012, 02:45:20 AM |
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Ill take'em if you don't want 'em....lol
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GernMiester
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October 16, 2012, 05:49:42 PM |
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It only depends on your wallet. Nothing more
You can buy better hardware.
You can mine at a loss with your GPU's if ASIC hits a home run
You can buy and sell at places like MTGox
OR
You can just quit
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