Bitcoin Forum
August 23, 2024, 12:11:40 AM
Welcome,
Guest
. Please
login
or
register
.
News
: Latest Bitcoin Core release:
27.1
[
Torrent
]
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Other
>
Beginners & Help
>
Are ASIC's worth the investment?
Pages:
«
1
2
[
3
]
All
« previous topic
next topic »
Print
Author
Topic: Are ASIC's worth the investment? (Read 2503 times)
skeeterskeeter
Full Member
Offline
Activity: 160
Merit: 100
Re: Are ASIC's worth the investment?
February 14, 2013, 06:34:36 PM
#41
I think the real question is when is someone going to find a polynomial time algorithm for hashing? I know I'm pretty close, I got out a piece of paper and pencil and started writing "down with exponentiation! down with ASIC's!"
MajorMiner1
Newbie
Offline
Activity: 1
Merit: 0
Re: Are ASIC's worth the investment?
February 14, 2013, 07:05:24 PM
#42
My friend pre-ordered a 1.5ths rig from bfl in june 2012 for 4300 btc at 7$.... lol
his 4300btc today is now worth 113950$... He's got alot of mining to do, to make that back...
sounds
Full Member
Offline
Activity: 140
Merit: 100
1221iZanNi5igK7oAA7AWmYjpsyjsRbLLZ
Re: Are ASIC's worth the investment?
February 14, 2013, 07:41:12 PM
#43
Exactly.
Every purchase is a tradeoff of lost opportunities. (Known as "opportunity cost")
Buying an ASIC might seem simple, but currently there aren't that many ASICs available. This complicates things.
Even speculating on the exchange rate of BTC to fiat currency is "not simple." Everything has a tradeoff.
milly6
Legendary
Offline
Activity: 1632
Merit: 1010
Re: Are ASIC's worth the investment?
February 14, 2013, 10:36:59 PM
#44
Quote from: rilesbriles on February 05, 2013, 04:22:35 PM
I have done quite a bit of research on these ASIC's that Butterfly Labs is going to release here soon and my number one question is "Is it worth it?" Right now I am thinking yes. I believe that during the beginning phases of releasing these units will 1.) be beneficial to people who preorder and 2.) make the difficulty of mining sky rocket for those who do not own ASIC's. I am curious on what everyone else thoughts are on this.
As long as they come out they seem very much worth it at least for a while
Eyes open, No Fear. Be Safe!
Trinity: Currency Without Bias
dpanter
Newbie
Offline
Activity: 8
Merit: 0
Re: Are ASIC's worth the investment?
February 15, 2013, 12:13:20 AM
#45
I say No.
Skrivitor
Newbie
Offline
Activity: 34
Merit: 0
Re: Are ASIC's worth the investment?
February 20, 2013, 03:25:36 PM
#46
I say yes and no. Which is a terrible answer.
Yes ASIC is worth it if you are interested in promoting Bitcoin and working in the Bitcoin ecosystem.
No, ASIC is not worth the investment if you plan to make a living from it.
Viva Bitcoin.
veteranBtc
Full Member
Offline
Activity: 126
Merit: 100
⇾
Re: Are ASIC's worth the investment?
February 20, 2013, 06:30:55 PM
#47
Quote from: MajorMiner1 on February 14, 2013, 07:05:24 PM
My friend pre-ordered a 1.5ths rig from bfl in june 2012 for 4300 btc at 7$.... lol
his 4300btc today is now worth 113950$... He's got alot of mining to do, to make that back...
That's crazy!
BTC
BTC
SATOSHI KAROSHI - Win up to 9x your bet!
BTC
BTC
Fuzzy
Hero Member
Offline
Activity: 560
Merit: 500
Re: Are ASIC's worth the investment?
February 20, 2013, 06:31:43 PM
#48
No
Yes
Maybe
Aahzman
Hero Member
Offline
Activity: 602
Merit: 500
Your *what* is itchy?
Re: Are ASIC's worth the investment?
February 20, 2013, 06:44:12 PM
#49
Quote from: MajorMiner1 on February 14, 2013, 07:05:24 PM
My friend pre-ordered a 1.5ths rig from bfl in june 2012 for 4300 btc at 7$.... lol
his 4300btc today is now worth 113950$... He's got alot of mining to do, to make that back...
yeah, if he cancels his pre-order, he only gets $30k worth of BTC back (or about 1000).
Quote from: Fuzzy on February 20, 2013, 06:31:43 PM
No
Yes
Maybe
+1
⚡Semux⚡
High Performance BFT Blockchain
Free Airdrop
●
New Consensus
Fuzzy
Hero Member
Offline
Activity: 560
Merit: 500
Re: Are ASIC's worth the investment?
February 20, 2013, 06:49:20 PM
#50
Quote from: Aahzman on February 20, 2013, 06:44:12 PM
Quote from: MajorMiner1 on February 14, 2013, 07:05:24 PM
My friend pre-ordered a 1.5ths rig from bfl in june 2012 for 4300 btc at 7$.... lol
his 4300btc today is now worth 113950$... He's got alot of mining to do, to make that back...
yeah, if he cancels his pre-order, he only gets $30k worth of BTC back (or about 1000).
Quote from: Fuzzy on February 20, 2013, 06:31:43 PM
If he want's to cancel, he would be better off re-selling his place in line.
If you order a Mini Rig today, you'll be at LEAST 3 months behind anyone who ordered in June. He'll probably make it all back in that time period.
Pages:
«
1
2
[
3
]
All
Print
Bitcoin Forum
>
Other
>
Beginners & Help
>
Are ASIC's worth the investment?
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
===> Politics and society (Naija)
===> Off-topic (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...