Bitcoin Forum
September 24, 2024, 09:30:30 AM
Welcome,
Guest
. Please
login
or
register
.
News
: Latest Bitcoin Core release:
27.1
[
Torrent
]
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Bitcoin
>
Mining
>
In what year would mining rigs be useless?
Pages: [
1
]
« previous topic
next topic »
Print
Author
Topic: In what year would mining rigs be useless? (Read 2316 times)
clonedone
(OP)
Full Member
Offline
Activity: 350
Merit: 100
In what year would mining rigs be useless?
April 25, 2011, 11:25:33 PM
#1
im assuming around 2017, when 21 million is reached?
then after that we would be mining for transaction fees right? would they even be worth it?
TurdHurdur
Full Member
Offline
Activity: 216
Merit: 100
Re: In what year would mining rigs be useless?
April 25, 2011, 11:36:59 PM
#2
They better be, for the strength of the Bitcoin network.
grue
Legendary
Offline
Activity: 2058
Merit: 1434
Re: In what year would mining rigs be useless?
April 26, 2011, 12:34:28 AM
#3
if mining is unprofitable, miners will drop out, and the difficulty will fall. Eventually, it will be low enough that it's profitable again.
It is pitch black. You are likely to be eaten by a grue.
Adblock for annoying signature ads
|
Enhanced Merit UI
BitLex
Hero Member
Offline
Activity: 532
Merit: 505
Re: In what year would mining rigs be useless?
April 26, 2011, 12:48:41 AM
#4
and besides all that, someday-nonexistant-rewards and however-low-fees,
everyone who's holding some savings in BTC will have an incentive to keep mining, or pay others todo so,
because if noone's mining, all those savings would be worthless.
so, to answer your inital question: never!
public key
clonedone
(OP)
Full Member
Offline
Activity: 350
Merit: 100
Re: In what year would mining rigs be useless?
April 26, 2011, 01:15:39 AM
#5
awesome thanks guys
then maybe I may invest in a mining rig
rezin777
Full Member
Offline
Activity: 154
Merit: 100
Re: In what year would mining rigs be useless?
April 26, 2011, 01:46:12 AM
#6
Nah... it won't be worth it man! Do you have any GPUs for sale?
TiagoTiago
Hero Member
Offline
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
Re: In what year would mining rigs be useless?
April 26, 2011, 02:51:47 AM
#7
I wonder how bad the market will behave during the transition period while most miners will not be breaking even but people will still not be used to paying larger sums to get their transactions verified...
(I dont always get new reply notifications, pls send a pm when you think it has happened)
Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX
The more you believe in Bitcoin, and the more you show you do to other people, the faster
the real value will soar!
Do you like mmmBananas?!
clonedone
(OP)
Full Member
Offline
Activity: 350
Merit: 100
⇾
Re: In what year would mining rigs be useless?
April 26, 2011, 02:39:52 PM
#8
I just bought a rig off newegg with three 6990's
should I have gotten three 5870's instead?
the whole thing cost me a lil less than 3k
proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
Re: In what year would mining rigs be useless?
April 26, 2011, 02:49:11 PM
#9
Quote from: clonedone on April 26, 2011, 02:39:52 PM
I just bought a rig off newegg with three 6990's
should I have gotten three 5870's instead?
the whole thing cost me a lil less than 3k
Why 3 5870's instead? With 3 6990s you'll be doing ~2000Mhash/s.
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
clonedone
(OP)
Full Member
Offline
Activity: 350
Merit: 100
Re: In what year would mining rigs be useless?
April 26, 2011, 02:51:48 PM
#10
ohh i only ask this cus i barely see the 6990's being mentioned around here, I guess its just expensive
Pages: [
1
]
Print
Bitcoin Forum
>
Bitcoin
>
Mining
>
In what year would mining rigs be useless?
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
===> Politics and society (Naija)
===> Off-topic (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...