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Question: What will you do when it's no longer viable to mine? Mine another currency, sell up?
Mine Terracoin - 3 (5%)
Mine Namecoin - 1 (1.7%)
Mine Peercoin - 4 (6.7%)
Mine another SHA256 - 9 (15%)
Move to Scrypt or other mining - 8 (13.3%)
Unknown - 4 (6.7%)
Sell the hardware - 13 (21.7%)
Stick with BTC / get fee % - 18 (30%)
Total Voters: 60

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Author Topic: What will you do when it's no longer viable to mine?  (Read 3515 times)
gjgjg (OP)
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November 07, 2013, 12:09:19 AM
Last edit: November 30, 2013, 11:28:56 PM by gjgjg
 #1

As so many of us are getting pushed out before we expected to, I cant help but wonder what other people are gonna do with all that hardware once it becomes worthless for them to mine BTC.
Even pretty powerful rigs (by today's standards) are gonna become like dust generators after a few months/years.
So what's next for you?

edit: to clarify, i mean: no longer viable to mine with current hardware  (sticking with btc implies buying more hardware to increase hashing capabilities or keeping current hardware and continuing even if not profitable and or going for %fees etc).

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Walter Rothbard
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November 07, 2013, 12:12:53 AM
 #2

Bytecoin beckons, and after that it's ThirdCoin.

Walter Rothbard
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November 07, 2013, 12:14:41 AM
 #3

The thing is, it's not viable now.  Most of us purchasing hardware will not see a ROI.  Almost all of us who are mining now are doing so past viability, by some measure.

Zawamiya
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November 07, 2013, 01:57:38 AM
 #4

Solo mining for fun and sell it after a month.....
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November 07, 2013, 03:31:55 AM
 #5

1 word.. ok maybe 2 words.. Altcoin mining.

Mine alt coins and use the 100 of exchanges out there to trade for btc.
FeedbackLoop
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November 07, 2013, 04:00:01 AM
 #6


I'll never stop. I will enjoy the subsided heating.
DrG
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November 07, 2013, 07:57:42 AM
 #7

No longer viable to mine?  I can't imagine that day happening... I guess I would have to commit seppuku  Wink
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November 07, 2013, 01:22:18 PM
 #8

It gives me extra heat in this winter, so i won't stop it. but i will go solomining on alt coins...just for fun
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November 07, 2013, 04:19:23 PM
 #9

>> What will you do when it's no longer viable to mine?

It's never "no longer viable to mine"

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
gjgjg (OP)
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November 07, 2013, 07:27:21 PM
 #10

>> What will you do when it's no longer viable to mine?

It's never "no longer viable to mine"
sorry, should have clarified: i mean financially viable with current hw. you have - added addendum:)

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gjgjg (OP)
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November 14, 2013, 07:47:05 PM
 #11

Only 30 votes but 50% will sell off or stick with btc. I'm surprised!

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▓▓▓▓▓  BIT-X.comvvvvvvvvvvvvvvi
→ CREATE ACCOUNT 
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Thenen
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November 15, 2013, 01:53:54 AM
 #12

Sell it off, if it has no value then I will just keep it and wait for difficulty to drop...
Undefeatable
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November 15, 2013, 03:35:33 AM
 #13

Continue to mine the fee Smiley, the fee would be really high that time...

Ruzka
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November 15, 2013, 04:02:15 AM
 #14

I wish it was currently viable for me to mine haha.

MilesJohan
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November 15, 2013, 05:02:25 AM
 #15

Sell it, the transaction fee is like only 0.1 BTC...

MileyJohanson
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November 15, 2013, 10:17:39 AM
 #16

Mine for transaction fee cause the fee would be really high if everyone starts using Bitcoins....
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November 15, 2013, 09:45:52 PM
 #17

Mine for transaction fee cause the fee would be really high if everyone starts using Bitcoins....

I can't wait to see where transaction fees will bring the block rewards to. IMO, I think we'll see larger payouts from transactions than the 50 BTC rewards of the old days ..not tomorrow, of course, but in good time. In fact, it wasn't long ago that I saw a 6-8 BTC bonus of transaction fees on a block solved by Slush's pool.
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November 15, 2013, 09:50:03 PM
 #18

I have switched to CEX.io and sold my BFL 60Ghs unit on ebay.

CEX.IO  - Get yourself into bitcoin mining -no min starting point to figure out how it works while you mine.
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November 15, 2013, 11:13:15 PM
 #19

Mine altcoins. In my case, once Litecoin goes kaput profitability-wise, I'm done mining and will dump my trifire Radeon HD 7970 rig for a next-generation Radeon, which I'm guessing will be called the Radeon R9 390X.

AMD Ryzen 7 1800X, Radeon R9 Fury X, ASUS Prime X370 Pro, 16 GB DDR4-3200 SDRAM, 240 GB SanDisk Extreme Pro
BTC: 161E5TTNh1GjdgYUC1WJ8zpFXKZoDJDKoL
ETH: 0x8e0c8401EABDBa8bF4f26B05ae6B3516669EdA4a
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November 15, 2013, 11:18:00 PM
 #20

i am only running a few gh but the number go up very slow to what they did, so i will have to upgrade or sell in a couple of weeks. its not worth the hassle now  Cry
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