When difficulty goes up 30 times, caused by ASICs, will you still mine GPU?

[MaGNeT]

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 

[1714903585]

1714903585

[luffy]

sure! other coins

[MaGNeT]

sure! other coins

Added to poll

[debianlinux]

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.

[pyromaniac]

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]

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

[os2sam]

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

[Moshi]

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 

[silverfuture]

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

[crazyates]

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.

[MaGNeT]

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).

[Moshi]

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.

[GernMiester]

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]

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.

[rpgman1]

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]

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.

[Endgame]

Personally I will be using GPUs to mine alt cryptocurrencies, and ASICs to mine bitcoins.

[zvs]

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

[TraderTimm]

Please see this informative page on alt-coins:

http://www.dinkypage.com/165362

[Prattler]

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!