I'm looking for partners for GPU mining I have free electricity

[MysteryMiner]

I'm researching how interested people are in collocating their mining rigs where free electricity is available. I can get free electricity.

The rules about splitting mined coins and who pays replacement parts in case of hardware failure is not yet ready. I'm working right now to get subsidized free electricity. The bureaucracy and paperwork is unimaginable.

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[dunand]

How to you get free electricity. I want to know?

[MysteryMiner]

Development project fully paid by European Union.

[jjiimm_64]

I can assure you I will not be shipping gpus to europe!!

[Shotgun_WooWoo]

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.

[Graet]

lol
I'm thinking you should change "I no longer offer services to total strangers..." before offering to take strangers GPUs into your care

good luck with it

[Shotgun_WooWoo]

Well...hmm.  I can see how this might be a bad idea...

[bcpokey]

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.

Did you mean 200Amps?

[MysteryMiner]

lol
I'm thinking you should change "I no longer offer services to total strangers..." before offering to take strangers GPUs into your care Smiley

You have no idea what was there before and why I changed that text, right?

I will not proceed until everything is done. Right now I'm researching how interested people are in this. Many people are going to sell the GPU mining rigs because of reward halving and ASIC chips. The reward halving is real but in my opinion the ASIC is scam and they will not be delivered. Just like with Pirate. So I think that GPU mining will be the best way to do it in year 2013.

Anyway if you pay more than half of profit for electricity the free electricity can be more profitable. This depends on how we split the profit from mining.

[Aseras]

By the time you get this up and running, asics should be out and power costs will be negligible for most miners.

[bitcoindaddy]

...in my opinion the ASIC is scam and they will not be delivered.

This is the basis for your new business?  You're in a lot of trouble...

[MrTeal]

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.

Did you mean 200Amps?

I'd assume so. Even then, if he lives there at the same time he'd learn very quickly that 200A service isn't going to power a huge DC worth of equipment in your home.

[bobitza]

I'm not sending my ASIC to ... mystery miners

[MysteryMiner]

OK I probably got the sense how miners now are thinking about future of mining.

The same people who created bubble in summer 2011 and predicted that 1BTC will cost more than 100$ at the end of 2011

The same people who invested in LGBT

The same people who used MyBitcoin

and The same people who paid to Pirate40

now they are preordering ASICs and believing in poisoned forum with paid signatures advertising ASIC.

[interlagos]

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.

[MysteryMiner]

And what you derps will do if someone announces Litecoin ASICs and start take preorders for them?

The Bitcoin ASIC is not here and will not be here for long time. Current ASIC preorders are fraud and classic confidence scam.

Probably I need to wait until everyone realizes that no ASIC is coming and then resurrect this thread.

[MrTeal]

And what you derps will do if someone announces Litecoin ASICs and start take preorders for them?

The Bitcoin ASIC is not here and will not be here for long time. Current ASIC preorders are fraud and classic confidence scam.

Probably I need to wait until everyone realizes that no ASIC is coming and then resurrect this thread.

Because of Scrypt's need for high speed memory access, it is more difficult and expensive to make a Litecoin ASIC than it is to make a Bitcoin ASIC.

[interlagos]

And what you derps will do if someone announces Litecoin ASICs and start take preorders for them?

The Bitcoin ASIC is not here and will not be here for long time. Current ASIC preorders are fraud and classic confidence scam.

Probably I need to wait until everyone realizes that no ASIC is coming and then resurrect this thread.

There are at least 5 vendors for Bitcoin ASICs, one of them in China in the process of tapeout.
I can't see all of them to be scam, to be honest.

As MrTeal pointed out, Litecoin ASICs would need to compete with GPUs at what GPUs have perfected over a long period of time i.e. working with large amounts of high-bandwidth memory, while still remaining cheap to manufacture. Not likely to happen any time soon if ever.

[Isokivi]

Development project fully paid by European Union.

Interesting, in what country are you located ?

[Lethn]

Development project fully paid by European Union.

Sounds more like a government subsidy than being free.