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Author Topic: I am getting a 1th miner in a week or so, is it going to be useless soon? :(  (Read 1490 times)
xstr8guy
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June 08, 2014, 06:08:52 AM
Last edit: June 08, 2014, 11:24:49 PM by xstr8guy
 #21

What i meant is, do the chips have re-usability? do they have any worth and use after the profit stops flowing in?

You said for bruteforce hacking?
Theoretically, it is possible to design mining-chips which can be used to hack passwords. In practice, all existing chips
just report back nonces within the specified difficulty parameters, if my understanding is right. This is quite different
from brute-force reversing hash functions, aka hacking passwords.
You should certainly not consider hacking passwords as something you can actually do
with your miner. And even if you could, you should not count on monetary
benefits from that..

I was just wondering if the chips will have any worth later on...

How many ways do we have to answer this? I think you are suffering from a severe case of buyer's remorse and denial. No, they have no value for anything other than SHA256 mining.

I suppose they may have scrap value of a few cents, lol. You can always resell your miner too. But the resale market is pretty awful because new generations of ASIC miners are constantly released.
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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June 08, 2014, 10:14:47 AM
 #22

Once the machine costs more to run than it can mine it will be essentially worth nothing except for it's basic metal recycling value.

Your best bet would be to sell it as soon as you get it to somebody who has cheap electricity.
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