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Poll
Question: In or Out?
Yes - Going from GPU's to ASIC
Yes - Going from FPGA's to ASIC
Yes - Mix of both to ASIC
No - Had GPU's, I'm out
No - Had FPGA's, I'm out
No - Had a mix, but I'm out
I'm just an observer and laughing at you crazy people.
I'm keeping my GPU's/FPGA's and moving elsewhere
No - Have GPUs, will keep mining
No - Had FPGAs, will keep mining
No - Had mix of both, will keep mining
Yes - new to bitcoin and going ASIC

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Author Topic: Are you staying in mining and paying to move to ASIC or are you getting out?  (Read 3472 times)
Paladin69
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January 12, 2013, 04:05:42 AM
 #1

^
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foggyb
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January 12, 2013, 04:11:21 AM
 #2

None of the above. Have GPU's. Mine altcoin.
Paladin69
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January 12, 2013, 04:13:45 AM
 #3

None of the above. Have GPU's. Mine altcoin.

Sorry...added.
fcmatt
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January 12, 2013, 04:25:34 AM
 #4

Have gpus.. Will prob stop depending on what happens over next months.

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purelithium
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January 12, 2013, 01:05:28 PM
 #5

Have GPUs and FPGAs, going to keep mining until it's unprofitable. I still see no ASICs in the wild, I'm still skeptical.

Like my post? 1H7bfRYh7F89mfmFgsRCdn4awDaUHQmYqY
d9000
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January 12, 2013, 03:19:54 PM
 #6

Got out of GPUs about a year ago (should have stayed in!). Waiting on ASICs.
Lethn
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January 12, 2013, 03:25:43 PM
 #7

I'm just an observer and laughing at you crazy people Cheesy
fcmatt
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January 12, 2013, 03:30:33 PM
 #8

I'm just an observer and laughing at you crazy people Cheesy

It is alright to laugh. I see that. But gpu was not very risky at all. And if you did not preorder asics you stayed out of that mess. Just wait and see what happens before jumping in.

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marketersales
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January 12, 2013, 07:59:02 PM
 #9

SIC sucks.
Lethn
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January 13, 2013, 04:23:25 AM
 #10

I'm just an observer and laughing at you crazy people Cheesy

It is alright to laugh. I see that. But gpu was not very risky at all. And if you did not preorder asics you stayed out of that mess. Just wait and see what happens before jumping in.

As far as I'm concerned mining to me is a way to preserve wealth, like mining for gold or silver, anyone who actually does it for profit is a bit of a moron really who hasn't done the math >_<
cdb000
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January 13, 2013, 01:54:43 PM
 #11

I ticked the box for "No - Had GPU's, I'm out" though in fact my little cluster of 5870 and 5970 based miners is hashing at 6GH, all GPUs are undervolted (0.95v) and underclocked (600MHz) and returning a small profit.

I will only cease mining when the difficulty has risen to the point where I can no longer at least break even with the undervolted GPus.




cryptodrifter
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January 14, 2013, 09:13:23 PM
 #12

5850 will be shifted to litecoin primarily, and misc alt-coins as a secondary.

ASIC will be set dedicated to btc.

BTC: 1LF8By4zazCNevc6QU9BPnhcd9Juzob3se    LTC: LgCuMy8A5jT1Pf93c6dYK5t5opi3mu4sfn
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salfter
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January 14, 2013, 09:24:54 PM
 #13

Switched my 7750 to Litecoin mining a while back as there's more profit in it...waiting for my Jalapeños to arrive.

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January 17, 2013, 03:23:36 PM
 #14

None of the above: Starting with ASIC going from nothing.

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MPOE-PR
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January 18, 2013, 04:15:26 PM
 #15

I ticked the box for "No - Had GPU's, I'm out" though in fact my little cluster of 5870 and 5970 based miners is hashing at 6GH, all GPUs are undervolted (0.95v) and underclocked (600MHz) and returning a small profit.

I will only cease mining when the difficulty has risen to the point where I can no longer at least break even with the undervolted GPus.

This may actually carry a lot of economic importance - it may be the case that price will keep going up to adjust for minimally keeping you in business. At least if we believe in invisible hands this sounds pretty plausible.

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January 18, 2013, 04:45:47 PM
 #16

Actually never had anything other than the GPU in my laptop (a silly little 40 Mhash machine, but it's actually profitable without any alterations because of the amount of electricity the laptop pulls), but I'm waiting until a couple months after ASICs come out to see how the market has stabilized (or not) and recalculate if it would be profitable to enter with an ASIC then.
Icoin
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January 18, 2013, 07:27:15 PM
 #17

Quote
ASIC will be set dedicated to btc.
There are more sha256 based chains alive then just BTC.

Quote
Insert Quote
Actually never had anything other than the GPU in my laptop (a silly little 40 Mhash machine, but it's actually profitable without any alterations because of the amount of electricity the laptop pulls), but I'm waiting until a couple months after ASICs come out to see how the market has stabilized (or not) and recalculate if it would be profitable to enter with an ASIC then.

Anyone can enter shareholder ASIC mining anytime with GMP

There gonna be 5 ASIC running for the project as soon Avalon Batch2 is out. Im courious on  the reports  of Batch1 Smiley
more: https://bitcointalk.org/index.php?topic=136861.0

Is it possible to add "shareholder mining" to the poll ?

mokahless
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January 23, 2013, 01:33:56 AM
 #18

please add additional options, if possible:
No - Had GPUs, will keep mining
No - Had FPGAs, will keep mining
No - Had mix of both, will keep mining
Yes - new to bitcoin and going ASIC

I know these will likely have few responses but I am interested in if anyone is considering those options.
You could condense the first 3 into "I will mine with what I have now (before ASICS) for a long time!"

I know that once I move to ASIC, I will keep GPU mining in the winter to avoid using my oil heater. Even in the summer, I will likely keep my 5830 single unit mining.

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January 23, 2013, 10:43:52 PM
 #19

To be honest i think the whole ASIC story is a good thing for gpu miners

At the moment thats becourse a lot of new people getting intrested in mining are now.. or waiting or pre-ordering this vaporware.

i bet no new miner wil invest an $10k into an gpu farm at this moment witch is a good thing for mining farms ROI../ difficulty vs hashrate..as you can see the hashrate is still around 20/25 gh vs 3000000 diff and if you read back into the postst about predicting what it would be then they were wrong...still gpu miners are the laughing ones ..and as long as ASIC,s aren,t proven to excist they will be the only ones making BTC...and getting ROI..

So the delays in ASIC are a good thing for gpu miners ROI....just my thoughts   Cheesy Cheesy

And they have created a big stack of BTC to buy more ASIC when outthere.. Roll Eyes

(sorry for the bad English)  Shocked

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fcmatt
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January 24, 2013, 04:05:15 AM
 #20

The last few months of gpu mining has been good especially if you let the btc build up and sell some each time the price jumps up. I never though i would be getting 17 some usd per btc right now.

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