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Question: When difficulty goes times 30, caused by ASICs, will you still mine GPU? Or...
sell all GPU's @ Ebay - 27 (15.2%)
burn all my GPU's - 4 (2.2%)
still mining at a loss! - 18 (10.1%)
buy ASIC! - 49 (27.5%)
ASICs are a myth! - 5 (2.8%)
ASICs are a scam! - 10 (5.6%)
other (post your comment) - 9 (5.1%)
I like the noise - 8 (4.5%)
mine Alt-coins - 48 (27%)
Total Voters: 178

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Author Topic: When difficulty goes up 30 times, caused by ASICs, will you still mine GPU?  (Read 7002 times)
MaGNeT
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February 04, 2013, 07:32:28 PM
 #1

How about you?
Will you still mine GPU at a difficulty of 90,000,000 and a 660Th/s network?

I ordered an ASIC yesterday... If it ever arrives I hope to get break-even within a year  Grin

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luffy
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February 04, 2013, 07:36:18 PM
 #2

sure! other coins Wink
MaGNeT
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February 04, 2013, 07:37:55 PM
 #3

sure! other coins Wink

Added to poll Smiley

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debianlinux
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February 04, 2013, 07:57:02 PM
 #4


Not really. I have no intention of converting alt-coins to BTC. In fact, I am far more inclined to convert BTC to alt coins.
pyromaniac
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February 04, 2013, 08:12:54 PM
 #5

Many variant at once:

 ASICs are a myth!
 ASICs are a scam!
 mine Alt-coins

If bitcoin difficulty will grow up, litecoin will much more profitable. But ALL ASIC vendors are SCAM, so nothing to worry about.

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February 05, 2013, 12:31:42 AM
 #6

Avalon delivered their first units , so how asics are scam ?
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February 05, 2013, 12:47:58 AM
 #7

I'll mine my GPU's till my ASIC(s) arrive.  Not so much for the hash rate increase but for the power savings.

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February 05, 2013, 01:39:51 AM
 #8

Pulling about 300 watts mining at my dorm. I don't think anybody will care too much when I have nothing to do with my 6950s  Grin

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February 05, 2013, 02:01:49 AM
 #9

If power is free and nothing else is more profitable then why not?

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crazyates
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February 05, 2013, 04:15:49 AM
 #10

If power is free and nothing else is more profitable then why not?
Because even if power is free, you'll prolly make more by selling the card then you would over 6 months of mining.

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February 05, 2013, 07:00:50 AM
 #11

If power is free and nothing else is more profitable then why not?

Will you still mine for 0.0035 BTC / 0.07 USD a day (on a 200Mh/s GPU) when difficulty goes up 10 times?
Predictions are, it will go up 30 times, at least.

A 60Gh/s ASIC like the Butterfly can still be profitable at a difficulty of 1,000,000,000 (based on power consumption, after you returned your investment).

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February 05, 2013, 04:25:58 PM
 #12

If power is free and nothing else is more profitable then why not?
Because even if power is free, you'll prolly make more by selling the card then you would over 6 months of mining.

There are times where we have GPUs for reasons other than mining.  I could understand a mining farm, but in my (and other's) cases, I'm just pushing these GPUs because they're meant for rendering and schooling dictates that I can't do that all the time. Selling them would just put me in a need of GPUs (no, I'm not throwing that 3850 in).

It's situational. Not everyone would benefit from absolutely maximized profits.

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GernMiester
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February 05, 2013, 05:24:41 PM
 #13

They will mine to keep the network secure because they will cost me about $2-$3 a day in electricity when tweaked.  I can handle the $2-$3 loss every day to keep BTC alive but I doubt many will.
My ASICs will pay for the electricity until difficulty gets too high, If they ever arrive.

Not everyone will get an ASIC or 2 doing 60Gh/s+.
If the over 60Gh ASICs add too much to the difficulty so only $1000s of dollars invested will produce any profit BTC will die a slow painful death bouncing up and down as users mine when diff is low and stop when it is too high

I had $1200 to gamble on some ASIC goodness and I await it's arrival.
I would never call it an investment since I never expect to make my money back.
I mine coins only because people buy them for FIAT or Gold and I profit.

I expect an easy 200Th/s added over the course of 2013.. I hope its high.....
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February 05, 2013, 07:33:37 PM
 #14

If power is free and nothing else is more profitable then why not?
Because even if power is free, you'll prolly make more by selling the card then you would over 6 months of mining.
There are times where we have GPUs for reasons other than mining.  I could understand a mining farm, but in my (and other's) cases, I'm just pushing these GPUs because they're meant for rendering and schooling dictates that I can't do that all the time. Selling them would just put me in a need of GPUs (no, I'm not throwing that 3850 in).

It's situational. Not everyone would benefit from absolutely maximized profits.
Oh I get you. I'm keeping my 7970 cuz it's great for games. But if I had multiple GPU rigs solely for mining? It wouldn't be worth keeping them for the pennies a day you'd mine.

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February 05, 2013, 08:14:41 PM
 #15

GPU mining is useful for other cryptocurrencies anyway like LTC. Since the delay of AMD 8xxx to Q4 2013, I might as well get a BFL ASIC if it will be delivered.
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February 16, 2013, 11:23:11 PM
 #16

Pulling about 300 watts mining at my dorm. I don't think anybody will care too much when I have nothing to do with my 6950s  Grin
How are you managing that considering ~200W per card before PSU efficiency, the rest of the rig and the only-possibly up-to
~90% efficient power supply? Crazy undervolting?

I intend to keep mining with my dedicated 5830 for a long time during winter, fall and spring. I've also invested in BFL a long time ago. I find the consideration of future value is often overlooked.

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February 17, 2013, 01:12:03 PM
 #17

Personally I will be using GPUs to mine alt cryptocurrencies, and ASICs to mine bitcoins.
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February 17, 2013, 04:06:25 PM
 #18

what if difficulty goes up 30x and it isn't caused by ASICs?

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February 17, 2013, 04:44:04 PM
 #19

Please see this informative page on alt-coins:

http://www.dinkypage.com/165362

fortitudinem multis - catenum regit omnia
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February 17, 2013, 05:26:32 PM
 #20

They will mine to keep the network secure because they will cost me about $2-$3 a day in electricity when tweaked.  I can handle the $2-$3 loss every day to keep BTC alive but I doubt many will.
My ASICs will pay for the electricity until difficulty gets too high, If they ever arrive.

Not everyone will get an ASIC or 2 doing 60Gh/s+.
If the over 60Gh ASICs add too much to the difficulty so only $1000s of dollars invested will produce any profit BTC will die a slow painful death bouncing up and down as users mine when diff is low and stop when it is too high

I had $1200 to gamble on some ASIC goodness and I await it's arrival.
I would never call it an investment since I never expect to make my money back.
I mine coins only because people buy them for FIAT or Gold and I profit.

I expect an easy 200Th/s added over the course of 2013.. I hope its high.....
When you read such posts, you know the bitcoin idea is here to stay! It's because it has such great people behind it!
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