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BitshireHashaway
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May 03, 2013, 03:24:23 PM |
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I'm saying the truth. Period.
Can't argue with that. Also, the sky is falling. I hate it when the sky falls. Asics Arrive -> BTC Difficulty Increases -> Only mine with Asics now -> people built large Asic rooms to dominate bitcoins. People with GPU no longer make a profit -> Sell GPU and call quits -> Switch to Litecoins with can't have Asics Asics Don't Arrive -> Avalons already arrived... but another company would just try to get an Asic -> people start being interested in GPU rigs again, and build larger ones. |
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0150r
Newbie
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Activity: 58
Merit: 0
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May 04, 2013, 03:46:18 AM |
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-> Switch to Litecoins with can't have Asics Why do people still believe this? If something can be done on a general purpose chip, it can be done on a application specific chip. |
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ScaryHash
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May 04, 2013, 06:15:27 PM |
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Let's look at a bit of history.
Bitcoin started out with no vendor support, nothing you could buy with them, and CPU mining.
Then came multi-core cpu support. The sky did not fall.
Then game GPU support. The sky did not fall.
Then came FPGA's, which are still quite viable. The sky did not fall. Bitcoin now has more acceptance and is higher in price than ever before, minus a few weird trading days a few weeks ago.
People are still mining with GPUs, CPUs, FPGAs and whatever else they can get their hands on.
In fact, I just set up my mother-in-law's 10 year old single core Pentium 4 to mine BTC, and its pulling at 11 Mh/s !!! Whoo !!
So, the sky will not fall, and life will go on. BTC's will continue to be generate. If it's not Avalon, or BFL, it will be somebody else coming up with something creative.
I'm optimistic. So, optimistic, in fact, that I just started mining last week, and ordered another case and another motherboard to re-use an old processor I had lying around. I'll probably pick up some Radeon's on e-bay in a week or so, and I might even *gasp*, order a couple of BFL Jalepenos just so I can piss money away. What the hell, it's only money. You can't take it with you.
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Schrankwand
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May 04, 2013, 10:42:04 PM |
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-> Switch to Litecoins with can't have Asics Why do people still believe this? If something can be done on a general purpose chip, it can be done on a application specific chip. Because it will be expensive. HELLA expensive. You need the fitting RAM on it. If a 7970 at 700kh/s needs around 1.5gb of GDDR5 ram, consider what amount you need to make a 5MH/s Scrypt miner. (The answer is around 64gb GDDR5 ram) |
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bcpokey
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May 05, 2013, 12:27:05 AM |
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-> Switch to Litecoins with can't have Asics Why do people still believe this? If something can be done on a general purpose chip, it can be done on a application specific chip. Because it will be expensive. HELLA expensive. You need the fitting RAM on it. If a 7970 at 700kh/s needs around 1.5gb of GDDR5 ram, consider what amount you need to make a 5MH/s Scrypt miner. (The answer is around 64gb GDDR5 ram) People believe it because that's how it is. The "general purpose chip" is not doing the bulk of the computing, and requires a ton of RAM. If you think someone will make some sort of super-ram for scrypt mining, maybe you can share your thoughts on that, otherwise it's pretty clear ASICs hold little scrypt potential ATM |
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bitzip
Newbie
Offline
Activity: 53
Merit: 0
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May 16, 2013, 01:34:23 AM |
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ASIC devices and chips are slowly making it on to the seen. They are arriving. They are not a scam. If you want to buy an ASIC device. Buy a few USB ASIC Block Erupters. Join a buy group. This buy group needs orders for about 40 more unit. European Buy Group https://bitcointalk.org/index.php?topic=195037.0 |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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May 16, 2013, 07:40:49 PM |
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they are here yes, but they are a scam, too overpriced
lol at 50 btc for 10Gh or 2 btc for 300MH, this is the definition of legal scam
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fredtrader
Newbie
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Activity: 56
Merit: 0
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May 16, 2013, 07:52:34 PM |
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they are here yes, but they are a scam, too overpriced
lol at 50 btc for 10Gh or 2 btc for 300MH, this is the definition of legal scam
Pricing will come down when there is more competition, the only reason it is so expensive is because only 1 supplier currently controls the market of readily available ASICs, give it a couple of months and prices should be less than a quarter of their current price. |
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mah87 (OP)
Donator
Hero Member
Offline
Activity: 756
Merit: 500
-Bitcoin & Ripple-
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May 16, 2013, 08:00:28 PM |
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they are here yes, but they are a scam, too overpriced
lol at 50 btc for 10Gh or 2 btc for 300MH, this is the definition of legal scam
Pricing will come down when there is more competition, the only reason it is so expensive is because only 1 supplier currently controls the market of readily available ASICs, give it a couple of months and prices should be less than a quarter of their current price. this is not asics. THIS IS SHIT. |
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fredtrader
Newbie
Offline
Activity: 56
Merit: 0
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May 16, 2013, 08:27:43 PM |
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they are here yes, but they are a scam, too overpriced
lol at 50 btc for 10Gh or 2 btc for 300MH, this is the definition of legal scam
Pricing will come down when there is more competition, the only reason it is so expensive is because only 1 supplier currently controls the market of readily available ASICs, give it a couple of months and prices should be less than a quarter of their current price. this is not asics. THIS IS SHIT. It's economics |
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