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Author Topic: So, are these real?  (Read 1391 times)
TwinTurbo
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June 29, 2012, 11:20:50 PM
 #21

So, look forward to some great deals on GPU hardware come October-December.  Wink

is that october-december 2012, 2013 or 2014?

If Butterfly Labs is to be believed, 2012.
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Tacitus
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July 04, 2012, 02:43:31 PM
 #22

No matter what you will buy, 3, 40 or 1000GH/s device.
The difficulty will grow with the total hash rate.
As you see, even with current difficulty you'll earn only several percent of the price of your ASIC in the month.
And every month the difficulty will grow.
Your used GPU is still valuable for gamers, your used (1 year) supa-dupa-rig will be useless for everyone.

I consider entering ASIC mining is much more risky than it was with GPU.

By the way, if someone believes in ASIC by october, then buying BFL singles right now is insanity, payback time is at least one year with current difficulty.

And I forgot about diminishing miners revenue Smiley
coyotama
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July 04, 2012, 03:02:54 PM
 #23

I think you should start as fast as possible with Jalapeno, because as difficulty raises value of the block goes down. Currently you receive 50$ per block, in the near future you will get $25...
It's BTC50 and BTC25, and it's unrelated to the difficulty.

In the first few days of the ASIC being out they can be quite profitable, but the difficulty will quickly increase to diminish the profits. And if you preorder now you're taking a risk with respect to the delivery time. Read up on all the information available and then decide if you want to make this investment. There's no free lunch, and there's no sustainable way to quadruple your wealth every month.

i love how bitcoin resembles the brain in that as soon as you get a reward, the network downregulates by itself to diminish the reward.

but to answer the original OPs question, yes, they should have ASIC-based bitcoin miners out by now. there's too much money to be made to ignore the market.
Meni Rosenfeld
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July 04, 2012, 03:20:01 PM
 #24

As you see, even with current difficulty you'll earn only several percent of the price of your ASIC in the month.
400% to be exact.

By the way, if someone believes in ASIC by october, then buying BFL singles right now is insanity, payback time is at least one year with current difficulty.
BFL FPGA singles can be used to trade-in.

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Tacitus
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July 04, 2012, 03:30:32 PM
 #25

As you see, even with current difficulty you'll earn only several percent of the price of your ASIC in the month.
400% to be exact.

You're right, I had FPGA in mind.
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