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Author Topic: Now the time to buy more hardware?  (Read 3998 times)
wndrbr3d
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July 01, 2011, 01:59:44 AM
 #21

Mining will continue, network hashing rate will continue to grow and difficulty will continue to go up until mining is a losing prospect.

People run SETI@home for $0.00, so as long as people can make $0.01 mining, they're going to do it.
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frizzl
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July 01, 2011, 03:14:32 AM
 #22

Mining will continue, network hashing rate will continue to grow and difficulty will continue to go up until mining is a losing prospect.

People run SETI@home for $0.00, so as long as people can make $0.01 mining, they're going to do it.

/agree 100%

people will mine for the optical illusion of free money being generated by an idle pc. no matter how many calculations you throw at it there will always be a % that just dont get it

1NtLm3jrRK2keDBMiBbTUvNetrkNuBV8hY
AngelusWebDesign
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July 01, 2011, 03:56:03 AM
 #23

Mining will continue, network hashing rate will continue to grow and difficulty will continue to go up until mining is a losing prospect.

People run SETI@home for $0.00, so as long as people can make $0.01 mining, they're going to do it.

/agree 100%

people will mine for the optical illusion of free money being generated by an idle pc. no matter how many calculations you throw at it there will always be a % that just dont get it

+1
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July 01, 2011, 03:59:03 AM
 #24

folding at home and stuff like that is not like bitcoin mining once i cant make much mining anymore im run foldign at home on my 4 6950s for about 40k ppd  you never know oen day it might save my life, wheres as whit mining theirs no resone to keep going once it starts costing money
Maasu
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July 01, 2011, 11:24:59 AM
 #25

I really wouldn't invest in new hardware now, unless you are in it as an enthusiast of some sort, difficulty rates are still climbing and not at a rate that I would consider 'calm', ignoring the estimated difficulty rate, take a look at the network hash rate, it is going up every day.

If you have more money I would probably invest in bit coins if you think the currency has a future, but not in a mining rig.
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July 02, 2011, 10:01:11 AM
 #26

I plan on investing in new hardware only because i'm not gonna pay for the electricity...
ninjapug
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July 04, 2011, 02:24:38 PM
 #27

Nah. Who say people are not buying hardwares. Look at the increase of hash rate everyday.
Difficulty will never stabilize. Admit it
grod
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July 04, 2011, 04:48:42 PM
 #28


If you have more money I would probably invest in bit coins if you think the currency has a future, but not in a mining rig.

Depends.  A 6950 is still a viable gaming solution, doubly so if you luck out and get shaders unlocked.  It, as a tangible good has a value (well over 50% of the purchase price ATM) to a vastly larger market than bitcoin enthusiasts. 

7 series cards are not going to show up until late fall, so that won't change for ~3 months.  Let's conservatively say the depreciation of a 6950 is $120 over 3 months, for a final ownership cost of $120.  It is possible to recycle a an obsolete PC for the rest of the rig which won't depreciate nearly as much.

Anyway, that is about 8 bitcoins worth of depreciation worst case.  The same 6950 may not return 8 bit coins over the next 3 months adjusted for difficulty jumps and power costs.  I think 6 is a likely estimate (most of that being in the first 6 weeks).

Bitcoins have only the value buyers assign to them.  They could be worth $100/btc by fall, or they could be worth $0.  In other words, investing $ in bitcoin is far riskier, but has a chance for a larger payout over 3 months.

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