Bitcoin Forum
December 14, 2017, 05:16:14 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin: To ASIC, or not to ASIC?  (Read 1507 times)
cryptocoinsnews
Sr. Member
****
Offline Offline

Activity: 299


View Profile WWW
September 04, 2013, 07:03:42 AM
 #1

If you have been following the Bitcoin developments over the past few years, one of the biggest concerns among miners has been the increasing difficulty. As we all know, the higher the difficulty, the longer it takes to mine Bitcoins (or parts of it).

One of the solutions for this potential issue has been investing massively in hardware. On the Bitcointalk forums, you can find pictures of people’s mining rigs consisting of anywhere from a few, up to 50+ graphics cards, all hashing away. Keep in mind, that those cards are not cheap, and you still have to pay the electricity bill afterwards.

Read more here:
http://www.cryptocoinsnews.com/2013/09/04/bitcoin-to-asic-or-not-to-asic/

What do you think?

/David Parker, Director of CCN
1513228574
Hero Member
*
Offline Offline

Posts: 1513228574

View Profile Personal Message (Offline)

Ignore
1513228574
Reply with quote  #2

1513228574
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513228574
Hero Member
*
Offline Offline

Posts: 1513228574

View Profile Personal Message (Offline)

Ignore
1513228574
Reply with quote  #2

1513228574
Report to moderator
vaio127
Newbie
*
Offline Offline

Activity: 28



View Profile
September 04, 2013, 02:26:10 PM
 #2

If one is really serious about mining Bitcoin these days, ASICs are the only option.  However, GPUs are more versatile and can mine altcoins also.

BTC: 1PaSS2gWFh3MWVSc9Ga598rtK4Exa8ptuX
cryptocoinsnews
Sr. Member
****
Offline Offline

Activity: 299


View Profile WWW
September 06, 2013, 06:42:48 AM
 #3

If one is really serious about mining Bitcoin these days, ASICs are the only option.  However, GPUs are more versatile and can mine altcoins also.

Seems reasonable..

/David Parker, Director of CCN
atomicchaos
Hero Member
*****
Offline Offline

Activity: 630


View Profile
September 06, 2013, 02:28:24 PM
 #4

At this point in the arms race, it's not wise to enter it with a handgun. Big players are already established and will continue to grow, and mining is out of the "hobbiest" mode. Prices continue to fall, and will do that for the months to come.

BTC:113mFe2e3oRkZQ5GeqKhoHbGtVw16unnw2
Jazkal
Sr. Member
****
Offline Offline

Activity: 319



View Profile
September 06, 2013, 04:27:56 PM
 #5

For Bitcoin, ASIC's are the only game if you need to at least break even. GPU mining of Alts is still in the positive, unless your electric prices are just really bad. But even in the lower cost electric ranges, profits continue to go down (I see 30-40% drop over the last two weeks, but it does fluctuate).
Bitweasil
Sr. Member
****
Offline Offline

Activity: 420


View Profile
September 06, 2013, 07:44:18 PM
 #6

At this point in the arms race, it's not wise to enter it with a handgun.

Meanwhile, people are paying lots of money for squirt guns, thinking they'll get rich...

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
Random8
Jr. Member
*
Offline Offline

Activity: 31


View Profile
September 06, 2013, 11:12:11 PM
 #7

From reading this article it seems that the author, "Crypto", does not understand that "USB Erupters" use ASICs. Perhaps he can someday accumulate enough Bitcoins to buy a clue.

-R
Pages: [1]
  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!