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Author Topic: I'm looking for partners for GPU mining I have free electricity  (Read 5780 times)
mdude77
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November 17, 2012, 05:47:10 PM
 #41

GPU mining won't go away with advent of ASICs.
Litecoin was specifically designed to take on that job.

If one compares the sheer number of GPUs out there and the number of ASICs that will come out of foundries by the end of the year and within next year, one can clearly see that GPU mining is still going to be the biggest game in town for a long time. It won't be mining Bitcoins though.

If anything GPUs won't suddenly disappear, they will simply change hands.

I fail to see the logic in this.

I can sell four 7970s that get me about 2.6g/h and get an ASIC that gets me 54g/h and uses a fraction of the power.  Why on earth would I, or anyone else, use a GPU for mining?

M

I mine at Kano's Pool because it pays the best and is completely transparent!  Come join me!
AndrewBUD
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November 17, 2012, 05:57:13 PM
 #42

Litecoins or alt currencies ^ is what I got out of that.


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MysteryMiner (OP)
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November 17, 2012, 07:33:34 PM
 #43

Quote
What makes you think the ASICs won't be released?  I think they make take a little longer to send out at the very most, but butterflylabs has pulled through in the past.
When in past BFL released ASIC products? FPGAs are totally different devices in terms of development complexity, development cost and development times.
Quote
I don't quite understand their logic with releasing a unit for $700 that performs better than their $15,000 rig.
They need dummies who pay advance fee in this scam of all scams. The price is high but affordable and the trust is established with FPGA products.
Quote
It's still stealing from the community. No matter how badly the community is regulated.

"i do it because he does it too" is not a valid excuse.
Sorry, foreigners, international corporations, transnational unions are not my community! My community is my folk! Everyone who harms it is my enemy and will someday align with both iron sights!
Quote
I think ASIC's will show up soon enough.. less than years but more than months
Do You know some ASIC capable company that is run by well known and reputable people and who do things in transparent way and not giving false promises? BFL is not such company, others seem very shady as well.
Quote
I also challenge MysteryMiner to put his money where his mouth is by betting against http://betsofbitco.in/item?id=665 (Full disclosure: I created this bet and put 50 BTC of my own money in it.) He claims he put money somewhere, without telling which bet and without showing proof.
Betsofbitcoin MysteryMiner is my profile but I made bet already using other profile that I want to keep confidential. And why You think I doubt the theoretical performance of specialized ASIC device? I doubt that BFL is making ASIC chips at all. I suspect them to be a con scam scheme establishing trust with easy to make FPGAs and then taking preorders and buybacks for new devices and disappearing. If they are making the chips they should have at least credible prototype videos and information that can lift all doubts about them.

bc1q59y5jp2rrwgxuekc8kjk6s8k2es73uawprre4j
mrb
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November 17, 2012, 10:31:49 PM
 #44


Quote
I also challenge MysteryMiner to put his money where his mouth is by betting against http://betsofbitco.in/item?id=665 (Full disclosure: I created this bet and put 50 BTC of my own money in it.) He claims he put money somewhere, without telling which bet and without showing proof.

Betsofbitcoin MysteryMiner is my profile but I made bet already using other profile that I want to keep confidential.

This says it all. MysteryMiner doesn't even believe his own claim that ASICs are a scam. So he refuses to make a public bet, and claims it is "confidential"  Roll Eyes

In a way, this re-assures me, as it shows you are an educated person who knows that ASICs are coming.
mdude77
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November 17, 2012, 10:44:49 PM
 #45


Quote
I also challenge MysteryMiner to put his money where his mouth is by betting against http://betsofbitco.in/item?id=665 (Full disclosure: I created this bet and put 50 BTC of my own money in it.) He claims he put money somewhere, without telling which bet and without showing proof.

Betsofbitcoin MysteryMiner is my profile but I made bet already using other profile that I want to keep confidential.

This says it all. MysteryMiner doesn't even believe his own claim that ASICs are a scam. So he refuses to make a public bet, and claims it is "confidential"  Roll Eyes

In a way, this re-assures me, as it shows you are an educated person who knows that ASICs are coming.

It's also entirely possible he's got a bunch on order himself and thinks the more ppl he scares away the better off he is. Smiley

M

I mine at Kano's Pool because it pays the best and is completely transparent!  Come join me!
bobitza
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November 18, 2012, 02:24:53 AM
 #46

It's also entirely possible he's got a bunch on order himself and thinks the more ppl he scares away the better off he is. Smiley

M

Busted!

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MysteryMiner (OP)
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November 18, 2012, 12:11:02 PM
 #47

It's also entirely possible he's got a bunch on order himself and thinks the more ppl he scares away the better off he is. Smiley

M

Busted!
Fuck you BFL sockpuppets! I have not ordered any ASIC products yet because I'm not stupid! If they are legit I will buy as soon as possible. How profitable it is for me that few people buy ASIC products with slight delay? 0.00002 BTC?
Quote
you are an educated person who knows that ASICs are coming
I know ASIC are coming few years from now from legitimate microchip company such as Marvell Jmicron Infineon or similar known producer. Corpsefly Labs are long scam.

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mdude77
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November 18, 2012, 12:57:53 PM
 #48

It's also entirely possible he's got a bunch on order himself and thinks the more ppl he scares away the better off he is. Smiley

M

Busted!
Fuck you BFL sockpuppets! I have not ordered any ASIC products yet because I'm not stupid! If they are legit I will buy as soon as possible. How profitable it is for me that few people buy ASIC products with slight delay? 0.00002 BTC?
Quote
you are an educated person who knows that ASICs are coming

How rude.  I don't use or support BFL, they are very unsavory at best.

M

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FrogBBQ
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November 18, 2012, 02:20:26 PM
 #49

This thread is going nowhere but troll-landia.
bobitza
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November 18, 2012, 06:43:17 PM
 #50

This thread is going nowhere but troll-landia.

Aye. Let me nudge it a little bit.


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abracadabra
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November 18, 2012, 07:46:34 PM
 #51

Sounds good to me, I'm in the US.  I can't ship any GPUs, but I can start up a US based initiative.  I too essentially have free electricity.  About 20 AMPs at 120v.  So roughly 20,000 watts.  Enough to start up a small pool if need be.  I started a similar thread and got similar responses.  If you send me a PM, we can go from there.

I thought Amp x Volt = Watt ?? So 20 x 120 = 2400watt??? Or do i over see something here?? just curious..

You got it right.  2.4kW will be enough to run about 12-15 GPUs.

12-15 GPUs

 Grin
Hippie Tech
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November 19, 2012, 09:42:04 PM
 #52

Bitcoin will never reach its full potential if we don't completely abandon the not so great pastimes of interest, gambling and financial fraud.

Ripping off the EU will not fix your country, Mysteryminer. Promoting and upholding a good image of BTC will.

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November 20, 2012, 01:50:14 AM
Last edit: November 20, 2012, 06:23:54 AM by mrb
 #53

I know ASIC are coming few years from now from legitimate microchip company such as Marvell Jmicron Infineon or similar known producer. Corpsefly Labs are long scam.

I bet you 50 BTC right here publicly that at least one of BFL/bASIC/Avalon/etc will ship ASICs before June 31, 2013. Let's find an escrow we can both trust. Ok?

Edit: fixed year.
FrogBBQ
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November 20, 2012, 02:38:54 AM
 #54

You mean June 31st 2013 I hope otherwise you lost already... 

Apparently, BTCFPGA already has the ASIC chip by the way. They are just finalizing the board design prior to final assembly, so I have heard but I may be wrong... 
As of BFL, they have the borad ready but are waiting for their ASIC chip according to the buzz.
bcpokey
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November 20, 2012, 02:53:35 AM
 #55

I know ASIC are coming few years from now from legitimate microchip company such as Marvell Jmicron Infineon or similar known producer. Corpsefly Labs are long scam.

I bet you 50 BTC right here publicly that at least one of BFL/bASIC/Avalon/etc will ship ASICs before June 31, 2012. Let's find an escrow we can both trust. Ok?

Shush Frog. Hey mrb can I take you up on your quoted bet right now?!
MysteryMiner (OP)
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March 15, 2013, 09:49:06 PM
 #56

Resurrecting this old thread. Now the summary of events in past months follows.

Did not get the electricity from free project, it was taken over by another persons. Handed over the project to another people.

Managed to get free electricity from municipality home heating system. This is no problem as key persons in home management and maintenance know about this and with possibility of many computers producing heat they could disconnect some heaters in shared public rooms.

Had few junk computers running servers and two ATI cards mining in pool. Everything was almost ready except physical security. Drunk persons coming and going with only curtain separating shelves with hardware from the drunkards.

Fire erupted in neighboring apartment from unknown reasons. Most likely smoking while drunk or electrical short. Whole place was first hit by smoke and then heavily flooded as fireman arrived.

Still have a hookup to free electricity but the location of hardware must be changed and secured. I was stuck to find sane and orderly person who can host the hardware in her apartment. Some where afraid from radiation (!) or objected to noise it produces.

We can probably lock this topic to end the flame war about ASIC. BFL still have not delivered and for great surprise seems that Avolon have ASIC.

Will write again if I get secure location for server location.

bc1q59y5jp2rrwgxuekc8kjk6s8k2es73uawprre4j
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