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Question: Will you be switching to ASIC?
I own non-BFL FPGA and I'm switching to BFL ASIC
I own non-BFL FPGA and I'm waiting to switch to non-BFL ASIC
I own BFL FPGA and I'm switching to BFL ASIC
I own BFL FPGA and I'm waiting to switch to non-BFL ASIC
I own GPUs, and I'm switching to BFL ASIC
I own GPUs, and I'm waiting to switch to non-BFL ASIC
I am quitting mining
Other
I will continue mining with my GPUs
I will continue mining with my FPGAs

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Author Topic: [Poll]Will you be switching to ASIC?  (Read 6594 times)
AzN1337c0d3r
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July 07, 2012, 06:07:53 AM
 #1

If other, please post what you are planning to do.

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bravetheheat
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July 07, 2012, 06:59:25 AM
 #2

It seems that the only options are to switch to BFL, or other. Perhaps you can add option(s) of continuing to use stated device (whether they be GPU, or FPGA)?
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July 07, 2012, 07:09:01 AM
 #3

I will sit this one out and see how well they are really doing.
Perhaps even sit out how things behave around the halfing of reward.

By then I will be able to have an informed opinion about the difficulty and assumed
profitability.

In the meantime i might up the amount of shares of cognitive mining (GLBSE) since they
will be among the first adopters.

account resurrected
the lurking ends
AzN1337c0d3r
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July 07, 2012, 07:21:44 AM
 #4

It seems that the only options are to switch to BFL, or other. Perhaps you can add option(s) of continuing to use stated device (whether they be GPU, or FPGA)?

Added

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July 07, 2012, 03:32:46 PM
 #5

wheres are the options "i dont have gpu's or fpga's but i plan on buying BFL-asic or non-BFL-asic"?

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July 07, 2012, 06:15:19 PM
 #6

Ill Stick to my current fpgas .....AMD ill invest  into glbse Wink

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July 08, 2012, 02:07:42 PM
 #7

wheres are the options "i dont have gpu's or fpga's but i plan on buying BFL-asic or non-BFL-asic"?

You won't be "switching" then.

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July 08, 2012, 03:58:23 PM
 #8

ASIC's will kill the casual miner. That's my opinion. It might take a year to pay off equipment, then each $150 basic asic might take another year to make $125. It wont be worth it without hundreds of thousands of dollars tied into it over years at a time.  This is part of btc goin mainstream.
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July 08, 2012, 05:12:05 PM
 #9

I'm curious to see what a 3.5 gh jalapeño will earn per month.....


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July 08, 2012, 05:50:11 PM
 #10

I'm curious to see what a 3.5 gh jalapeño will earn per month.....



Around $37, for the first few months I guess

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mokahless
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July 08, 2012, 05:53:50 PM
 #11

I intend to keep GPU mining in addition to a BFL J ASIC. My goal is 1GH/s for GPUs. Currently at 0.8GH/s.

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July 08, 2012, 06:19:19 PM
 #12

I intend to keep GPU mining in addition to a BFL J ASIC. My goal is 1GH/s for GPUs. Currently at 0.8GH/s.

Are you going to heat your house, or water? Because otherwise it will be just a waste of electricity. Basically everyone who's planning to continue with either GPUs or FPGAs can be placed in "quit mining" section.

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July 08, 2012, 06:21:02 PM
 #13

I'm curious to see what a 3.5 gh jalapeño will earn per month.....



Around $37, for the first few months I guess
Got to be more ?

For the first month but after the release of th units and when the dust settles .... 3.5 gh will be nothing at all (or am I wrong)

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July 08, 2012, 06:24:47 PM
 #14

I intend to keep GPU mining in addition to a BFL J ASIC. My goal is 1GH/s for GPUs. Currently at 0.8GH/s.

Are you going to heat your house, or water? Because otherwise it will be just a waste of electricity. Basically everyone who's planning to continue with either GPUs or FPGAs can be placed in "quit mining" section.
That's your opinion.

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July 08, 2012, 07:18:48 PM
 #15

I intend to keep GPU mining in addition to a BFL J ASIC. My goal is 1GH/s for GPUs. Currently at 0.8GH/s.

Are you going to heat your house, or water? Because otherwise it will be just a waste of electricity. Basically everyone who's planning to continue with either GPUs or FPGAs can be placed in "quit mining" section.
That's your opinion.
I usually do the math before I spell out numbers here. I'm >85% confident that GPUs will be useless within 1,5-2 month time after the first ASICs are out. FPGA will stay profitable, but ROI will be like 20+ years, or around 10 years if you got free electricity Smiley). The only way for GPU to be still profitable, is for btc to be $10+, and if you want to have same revenue as today, then it should be at $65+.

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BlackPrapor
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July 08, 2012, 07:22:27 PM
 #16

I'm curious to see what a 3.5 gh jalapeño will earn per month.....



Around $37, for the first few months I guess
Got to be more ?

For the first month but after the release of th units and when the dust settles .... 3.5 gh will be nothing at all (or am I wrong)
No one knows how much you can get the first month, except BFL guys Smiley). Difficulty is a bit easier to estimate, but revenue also depends on your order position...

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July 08, 2012, 07:26:45 PM
 #17

ASIC's will kill the casual miner. That's my opinion. It might take a year to pay off equipment, then each $150 basic asic might take another year to make $125. It wont be worth it without hundreds of thousands of dollars tied into it over years at a time.  This is part of btc goin mainstream.
Ahahahah, this is bullshit.
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July 08, 2012, 08:09:00 PM
 #18

I intend to keep GPU mining in addition to a BFL J ASIC. My goal is 1GH/s for GPUs. Currently at 0.8GH/s.

Are you going to heat your house, or water? Because otherwise it will be just a waste of electricity. Basically everyone who's planning to continue with either GPUs or FPGAs can be placed in "quit mining" section.
That's your opinion.
I usually do the math before I spell out numbers here. I'm >85% confident that GPUs will be useless within 1,5-2 month time after the first ASICs are out. FPGA will stay profitable, but ROI will be like 20+ years, or around 10 years if you got free electricity Smiley). The only way for GPU to be still profitable, is for btc to be $10+, and if you want to have same revenue as today, then it should be at $65+.

So you were able to take into account all factors of my personal situation in your calculations? Impressive.

But yeah, thanks for elaborating. The unpredictability of the future is what makes me hesitant to invest much. I'm currently only purchasing equipment that has an ROI of <3 months at current exchange rate. That limits me to some used video cards and using only the motherboards I currently have on hand. There's no way I could build a new system or even source a full system of spare parts on kijiji with that kind of ROI currently.

I can't disagree that what you are saying is a possibility but... BFL always seemed to have long wait times and slow production and shipping. I think your ideas won't come to pass for a while. Unless perhaps they were only doing low-volume before to test the market? Then there is the unpredictability of the bitcoin value.

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July 08, 2012, 09:11:46 PM
 #19

I didn't take your personal options. I took the best brand new GPU based system bought directly from China and electricity costs of $0,035/kW. The best 'I' can get atm. Regardless of whether BFL ship in time, eventually they will.

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July 08, 2012, 09:20:37 PM
 #20

I'll be switching my gpu's over to LTC when my 8 jalapenos arrive

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