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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 6996 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.

aceking
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February 05, 2013, 12:31:42 AM
 #6

Avalon delivered their first units , so how asics are scam ?
os2sam
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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.

A: Because it messes up the order in which people normally read text.
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Moshi
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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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MaGNeT
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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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Moshi
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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.....
crazyates
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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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rpgman1
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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.
mokahless
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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.

Endgame
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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?

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
TraderTimm
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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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