MaGNeT (OP)
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Activity: 1526
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Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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February 04, 2013, 07:32:28 PM |
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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
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luffy
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February 04, 2013, 07:36:18 PM |
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sure! other coins
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MaGNeT (OP)
Legendary
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Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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February 04, 2013, 07:37:55 PM |
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sure! other coins Added to poll
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debianlinux
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February 04, 2013, 07:57:02 PM |
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sure! other coins Added to poll 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.
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pyromaniac
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February 04, 2013, 08:12:54 PM |
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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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aceking
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February 05, 2013, 12:31:42 AM |
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Avalon delivered their first units , so how asics are scam ?
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os2sam
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Activity: 3583
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Think for yourself
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February 05, 2013, 12:47:58 AM |
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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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A: Because it messes up the order in which people normally read text. Q: Why is top-posting such a bad thing? A: Top-posting. Q: What is the most annoying thing on usenet and in e-mail?
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Moshi
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Activity: 56
Merit: 0
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February 05, 2013, 01:39:51 AM |
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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
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silverfuture
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Activity: 947
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central banking = outdated protocol
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February 05, 2013, 02:01:49 AM |
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If power is free and nothing else is more profitable then why not?
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crazyates
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Merit: 1000
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February 05, 2013, 04:15:49 AM |
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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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MaGNeT (OP)
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Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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February 05, 2013, 07:00:50 AM |
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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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Moshi
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February 05, 2013, 04:25:58 PM |
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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 |
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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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crazyates
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Activity: 952
Merit: 1000
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February 05, 2013, 07:33:37 PM |
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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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rpgman1
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February 05, 2013, 08:14:41 PM |
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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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mokahless
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February 16, 2013, 11:23:11 PM |
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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 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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Endgame
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February 17, 2013, 01:12:03 PM |
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Personally I will be using GPUs to mine alt cryptocurrencies, and ASICs to mine bitcoins.
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zvs
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https://web.archive.org/web/*/nogleg.com
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February 17, 2013, 04:06:25 PM |
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what if difficulty goes up 30x and it isn't caused by ASICs?
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TraderTimm
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February 17, 2013, 04:44:04 PM |
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Please see this informative page on alt-coins: http://www.dinkypage.com/165362
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fortitudinem multis - catenum regit omnia
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Prattler
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February 17, 2013, 05:26:32 PM |
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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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