Bitcoin Forum
June 25, 2017, 07:26:40 AM *
News: Latest stable version of Bitcoin Core: 0.14.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: What type of pool payouts do you prefer?
Bitcoins - 3178 (80.5%)
Bank transfer / USD - 408 (10.3%)
Gold/silver coins and bars - 363 (9.2%)
Total Voters: 3947

Pages: « 1 ... 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 [488] 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 ... 1114 »
  Print  
Author Topic: [150+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 4165179 times)
diskodasa
Member
**
Offline Offline

Activity: 84


BTC 1Hek4mF4sHcpEJpQdeKwN2i1rVrK5JcZuy


View Profile
June 07, 2013, 12:39:46 PM
 #9741

I invested about 6 BTC in hardware a month ago, and thought that i will cover my expences for ~4-5 months with mining, but now it's just pointless!  Sad I can't keep up with this, maybe a couple more days and then back to wasting time and gaming...
Litecoins sounds good, but now, everybody with GPU mining rigs will switch over to them, while ASIC-s will mine BTC...

Game Over!

1Hek4mF4sHcpEJpQdeKwN2i1rVrK5JcZuy
1498375600
Hero Member
*
Offline Offline

Posts: 1498375600

View Profile Personal Message (Offline)

Ignore
1498375600
Reply with quote  #2

1498375600
Report to moderator
1498375600
Hero Member
*
Offline Offline

Posts: 1498375600

View Profile Personal Message (Offline)

Ignore
1498375600
Reply with quote  #2

1498375600
Report to moderator
1498375600
Hero Member
*
Offline Offline

Posts: 1498375600

View Profile Personal Message (Offline)

Ignore
1498375600
Reply with quote  #2

1498375600
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1498375600
Hero Member
*
Offline Offline

Posts: 1498375600

View Profile Personal Message (Offline)

Ignore
1498375600
Reply with quote  #2

1498375600
Report to moderator
1498375600
Hero Member
*
Offline Offline

Posts: 1498375600

View Profile Personal Message (Offline)

Ignore
1498375600
Reply with quote  #2

1498375600
Report to moderator
arklan
Legendary
*
Offline Offline

Activity: 1372


★777Coin.com★ Fun BTC Casino!


View Profile
June 07, 2013, 01:32:46 PM
 #9742

i can't imagine that this kind of increase in difficulty will last too long. 6 months, a year at the outside, then we'll start to stabilize. ...i hope.

digital
Hero Member
*****
Offline Offline

Activity: 490


View Profile
June 07, 2013, 01:36:42 PM
 #9743

i can't imagine that this kind of increase in difficulty will last too long. 6 months, a year at the outside, then we'll start to stabilize. ...i hope.


The difficulty can go a long way in a year.  Especially with all the asics that have yet to ship...

Not to mention the fact that the asic manufacturers are going to start upping their game.  So there is a good chance that this will continue indefinitely...

If I help you out: 17QatvSdciyv2zsdAbphDEUzST1S6x46c3
References (bitcointalk.org/index.php?topic=): 50051.20  50051.100  53668.0  53788.0  53571.0  53571.0  52212.0  50729.0  114804.0  115468  78106  69061  58572  54747
EasyQuest
Full Member
***
Offline Offline

Activity: 198


Brony Bitcoin, Litecoin Miner


View Profile
June 07, 2013, 01:41:01 PM
 #9744

i can't imagine that this kind of increase in difficulty will last too long. 6 months, a year at the outside, then we'll start to stabilize. ...i hope.

ASICs......... If people can manufacture them then more hashing power continue to be added to the market........ There is no stopping. ASICMiner, Avalon, and Butterfly Labs (Possibly more)  all can produce as much as they can but all know that difficulty will rise constantly so they hold off. Who knows these people can probably produce ASICs for litecoin as well meaning crypto currency is not just some poor man's rich dream with his computer but a rich man opportunity to make more money. :S
bspurloc
Hero Member
*****
Offline Offline

Activity: 569


View Profile
June 07, 2013, 01:56:48 PM
 #9745

i can't imagine that this kind of increase in difficulty will last too long. 6 months, a year at the outside, then we'll start to stabilize. ...i hope.

ASICs......... If people can manufacture them then more hashing power continue to be added to the market........ There is no stopping. ASICMiner, Avalon, and Butterfly Labs (Possibly more)  all can produce as much as they can but all know that difficulty will rise constantly so they hold off. Who knows these people can probably produce ASICs for litecoin as well meaning crypto currency is not just some poor man's rich dream with his computer but a rich man opportunity to make more money. :S

I don't understand why ALIBABA doesn't have 30+ Chinese manufacturers creating Miners for sale.
You can find anything you want there, anything! with many many different companies making it.
Android TV devices there are pages and pages of copycat makers... what is taking them so long for Miners?!?
Trongersoll
Sr. Member
****
Offline Offline

Activity: 476


Retired Software Engineer


View Profile
June 07, 2013, 02:00:15 PM
 #9746

Basically, we are in an Arms Race. The people who increase their hash rate consistently will hold their own. Those who increase their hash rate at an increasing rate will pull ahead. Those who don't increase their hash rate will fall by the wayside. And just like in the Cold War, the winners will be the ones who manage to bankrupt their competition. Remember, this is just a game... Shocked

Oh, i did notice that Slush's pool has increased it's share by .3%. we are back to 10%.

ewitte
Member
**
Offline Offline

Activity: 98


View Profile
June 07, 2013, 02:22:24 PM
 #9747

Just the beginning I sacrificed a bit of my Hash Rate to gain much better infrastructure off Asics 3 months from now.  What I'm running now I'm hoping to be 10 times that by the end of the year.  Which really may just put me where I am right now lol.  But 10x of that would be 100x today and 10x that would be 1000x today.  Its not going to keep multiplying exponentially for very long ASIC or not.

Eric

Donations
BTC - 13Lgy6fb4d3nSYEf2nkgBgyBkkhPw8zkPd
LTC - LegzRwyc2Xhu8cqvaW2jwRrqSnhyaYU6gZ
valladex
Member
**
Offline Offline

Activity: 61



View Profile
June 07, 2013, 02:29:36 PM
 #9748

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.
organofcorti
Donator
Legendary
*
Offline Offline

Activity: 2044


Poor impulse control.


View Profile WWW
June 07, 2013, 02:30:39 PM
 #9749

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Why cheaper?

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
desired_username
Hero Member
*****
Offline Offline

Activity: 867


View Profile
June 07, 2013, 02:32:05 PM
 #9750

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Fluctuations in price are nothing new.

In my opinion, It doesn't really matter.
ewitte
Member
**
Offline Offline

Activity: 98


View Profile
June 07, 2013, 02:39:12 PM
 #9751

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Or to keep from getting robbed aka Cyprus

Donations
BTC - 13Lgy6fb4d3nSYEf2nkgBgyBkkhPw8zkPd
LTC - LegzRwyc2Xhu8cqvaW2jwRrqSnhyaYU6gZ
valladex
Member
**
Offline Offline

Activity: 61



View Profile
June 07, 2013, 02:51:40 PM
 #9752

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Why cheaper?


If you cant mine for coins you have to buy them, people selling BTC here in the UK charge a premium (up to about 10%), bank transfers to exchanges are pretty much non existent.
an item costing £80 on amazon is most likely going to cost more somewhere else e.g (insert Btc store here) due to lack of purchasing power.
And for newbies, the hassle of setting up the wallet, finding stores, obtaining Btc (no easy task)

Everyone can afford a GPU, not many can afford 2k+ for asic.
organofcorti
Donator
Legendary
*
Offline Offline

Activity: 2044


Poor impulse control.


View Profile WWW
June 07, 2013, 02:54:15 PM
 #9753

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Why cheaper?


If you cant mine for coins you have to buy them, people selling BTC here in the UK charge a premium (up to about 10%), bank transfers to exchanges are pretty much non existent.
an item costing £80 on amazon is most likely going to cost more somewhere else e.g (insert Btc store here) due to lack of purchasing power.
And for newbies, the hassle of setting up the wallet, finding stores, obtaining Btc (no easy task)

Everyone can afford a GPU, not many can afford 2k+ for asic.


So it's more expensive for people in the UK - that sucks. That's not everyone though.

Most people can use bitpay, it's same price as using a credit card without everyone knowing you just bought "Busty beauties 7" online. I'm not sure why you're unable to use it?

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
valladex
Member
**
Offline Offline

Activity: 61



View Profile
June 07, 2013, 03:08:30 PM
 #9754

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Why cheaper?


If you cant mine for coins you have to buy them, people selling BTC here in the UK charge a premium (up to about 10%), bank transfers to exchanges are pretty much non existent.
an item costing £80 on amazon is most likely going to cost more somewhere else e.g (insert Btc store here) due to lack of purchasing power.
And for newbies, the hassle of setting up the wallet, finding stores, obtaining Btc (no easy task)

Everyone can afford a GPU, not many can afford 2k+ for asic.


So it's more expensive for people in the UK - that sucks. That's not everyone though.

Most people can use bitpay, it's same price as using a credit card without everyone knowing you just bought "Busty beauties 7" online. I'm not sure why you're unable to use it?

dont you need Btc to start with to use Bitpay though?
ewitte
Member
**
Offline Offline

Activity: 98


View Profile
June 07, 2013, 03:11:33 PM
 #9755


Everyone can afford a GPU, not many can afford 2k+ for asic.


With the K16 project its not going to be necessary to drop 2k for ASIC.  At current chip prices its closer to $300 for 4.5GH/s.  Cheap enough for DIY to still exist but GPUs will quickly become useless.

Donations
BTC - 13Lgy6fb4d3nSYEf2nkgBgyBkkhPw8zkPd
LTC - LegzRwyc2Xhu8cqvaW2jwRrqSnhyaYU6gZ
valladex
Member
**
Offline Offline

Activity: 61



View Profile
June 07, 2013, 03:19:52 PM
 #9756


Everyone can afford a GPU, not many can afford 2k+ for asic.


With the K16 project its not going to be necessary to drop 2k for ASIC.  At current chip prices its closer to $300 for 4.5GH/s.  Cheap enough for DIY to still exist but GPUs will quickly become useless.


is that the same as the asicgigahash project based in the uk?  can i trust them enough to make a pre-order if it is?

even 4.5GH/s will be next to nothing at the rate things are going, would still need a few!
ewitte
Member
**
Offline Offline

Activity: 98


View Profile
June 07, 2013, 03:23:48 PM
 #9757


is that the asicgigahash project based in the uk?  can i trust them enough to make a pre-order if it is?

even 4.5GH/s will be next to nothing at the rate things are going, would still need a few!

Avalon is selling chip productions in minimum batches of 10000 there are a good dozen people implementing these.  Yes 4.5GH/s will likely be the new 450MH/s Cheesy  We are basically just swapping a $300 450MH/s video card with a $300 4.5GH/s ASIC.  At least until even newer ASICS are released.

Donations
BTC - 13Lgy6fb4d3nSYEf2nkgBgyBkkhPw8zkPd
LTC - LegzRwyc2Xhu8cqvaW2jwRrqSnhyaYU6gZ
valladex
Member
**
Offline Offline

Activity: 61



View Profile
June 07, 2013, 03:34:17 PM
 #9758


is that the asicgigahash project based in the uk?  can i trust them enough to make a pre-order if it is?

even 4.5GH/s will be next to nothing at the rate things are going, would still need a few!

Avalon is selling chip productions in minimum batches of 10000 there are a good dozen people implementing these.  Yes 4.5GH/s will likely be the new 450MH/s Cheesy  We are basically just swapping a $300 450MH/s video card with a $300 4.5GH/s ASIC.  At least until even newer ASICS are released.

will there be a plentiful supply of chips? if so all is well and good  Wink  

edit-- found my own answer, at least the end of the year, im a little less bitter towards ASIC now.  Grin
ewitte
Member
**
Offline Offline

Activity: 98


View Profile
June 07, 2013, 03:46:51 PM
 #9759


will there be a plentiful supply of chips? if so all is well and good  Wink 


Sub $50 USB sticks would do wonders for affordability (and difficulty!).  Its all possible as long as some manufacturer is still producing.

Donations
BTC - 13Lgy6fb4d3nSYEf2nkgBgyBkkhPw8zkPd
LTC - LegzRwyc2Xhu8cqvaW2jwRrqSnhyaYU6gZ
valladex
Member
**
Offline Offline

Activity: 61



View Profile
June 07, 2013, 03:52:24 PM
 #9760


will there be a plentiful supply of chips? if so all is well and good  Wink 


Sub $50 USB sticks would do wonders for affordability (and difficulty!).  Its all possible as long as some manufacturer is still producing.

nearly pre ordered some usb, but at BTC2 its cheaper to get a 6870 gpu for same hashes and a gaming system or 2 after.
Pages: « 1 ... 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 [488] 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 ... 1114 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!