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What are ASIC miners good for once mining is no longer profitable?
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Topic: What are ASIC miners good for once mining is no longer profitable? (Read 4446 times)
ProfMac
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Re: What are ASIC miners good for once mining is no longer profitable?
January 24, 2014, 05:05:58 PM
#21
Quote from: empoweoqwj on January 24, 2014, 03:34:53 PM
Quote from: Gator-hex on January 24, 2014, 03:13:12 PM
This is why there will 2-3 main crypto currencies because the old ASICs will be used to mine a currency with lower difficulty.
See a pretty long list of SHA-256 Alt coins on
http://www.p2pool.org/
Are you saying you can "re-program" bitcoin ASICs to mine a different SHA-256 coin?
One of the pools provides a switching service. You point the miner to it's switched pool, and it mines the most profitable alt-coin.
Some ASIC miners had trouble with the pool switching during the testing phase. The number of rejects became very high for those miners.
stratum+tcp://stratum.coinex.pw:9944
I try to be respectful and informed.
21coin
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Sarthak's a dumb girl
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Re: What are ASIC miners good for once mining is no longer profitable?
January 24, 2014, 06:25:40 PM
#22
you can use ASIC miners to mine other profitable SHA-256 Coins
you should have a look at 21 Century Coin
Its a Ultra Rare SHA-256 Coin, its growing rapidly
here is ANN Thread for 21 Century Coin
https://bitcointalk.org/index.php?topic=426853
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empoweoqwj
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Re: What are ASIC miners good for once mining is no longer profitable?
January 25, 2014, 01:49:30 AM
#23
OK, thanks for all teaching me ASICs could be used for other SHA-256 coins. Certainly gives ASICs a longer shelf-life than I had first imagined. Learn something new every day
_Miracle
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Do due diligence
Re: What are ASIC miners good for once mining is no longer profitable?
January 25, 2014, 03:12:55 AM
#24
Lease panels from Solar City, hook up your ASIC and double mine with these ->
http://www.coindesk.com/solarcoin-awards-coins-solar-power-generation/
:-)? then buy a Tesla.
http://www.youtube.com/watch?v=3hF4XUmnWGM
They touch lightly on the topic at 18min, 28 and 30:30 ish
There 'used' to be more truth in forums than anywhere else. Twitter: @cryptobitchicks Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?" INTJ-A
rograz
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Re: What are ASIC miners good for once mining is no longer profitable?
January 25, 2014, 06:26:43 AM
#25
Quote from: ckolivas on January 24, 2014, 12:42:23 AM
ASICs by their very nature of being ASICs cannot be used for anything else bar 4 special uses: Doorstop, boat anchor, book end and paperweight.
This is were the brilliance of the Avalon crew shines, they essentially made huge pieces of lego for us to play with. I should have bought more minis and built myself a house when I was done mining.
73blazer
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Re: What are ASIC miners good for once mining is no longer profitable?
January 25, 2014, 04:38:26 PM
#26
They're as about as good as this old gold wash plant left to rot in the the Alaska back woods.
Once it's no longer profitable to run, it was shut down and since it was purpose built to do one thing, it's left where it last ran, it has no other purpose.
Someday, if your lucky, your sha(256) miner will be in a museum.
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