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Poll
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 6596 times)
dropt
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July 08, 2012, 10:01:43 PM
 #21

My intentions are to mine my GPU's and BFL FPGA's into the ground until the bitter end (read: not-profitable).  Once/If this point has come, I'll just shut-down entirely until BFL's deadline for the trade-up program approaches. I'll re-evaluate the current mining market at that point and act accordingly.

If I do switch to ASIC: I'll upgrade my two singles but will probably wait for further purchases until there's a competitor on the market.  While BFL's products are arguably the best out there, I have great reservations about supporting them any further.  It's commonly said that the power is with the consumer as one can always vote with their wallet. Outside the upgrade, until they start operating like a proper respectable business, I'll take my money elsewhere.

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dropt
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July 08, 2012, 10:04:26 PM
 #22

Ahahahah, this is bullshit.

While I respect your opinion, I think you're dead wrong.
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July 08, 2012, 10:05:22 PM
 #23

My intentions are to mine my GPU's and BFL FPGA's into the ground until the bitter end (read: not-profitable).  Once/If this point has come, I'll just shut-down entirely until BFL's deadline for the trade-up program approaches. I'll re-evaluate the current mining market at that point and act accordingly.

If I do switch to ASIC: I'll upgrade my two singles but will probably wait for further purchases until there's a competitor on the market.  While BFL's products are arguably the best out there, I have great reservations about supporting them any further.  It's commonly said that the power is with the consumer as one can always vote with their wallet. Outside the upgrade, until they start operating like a proper respectable business, I'll take my money elsewhere.



signed Cheesy

Since i do not own singles.... none from BFL.... ill mine with my Ztex cluster till the end. If by then, there is a competitor towards BFL ill have to evaluate what ill do.Sad

AndrewBUD
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July 08, 2012, 10:06:51 PM
 #24

I'll continue to mine, I don't pay for power..... wait and see how things pan out.... Smiley
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July 08, 2012, 10:22:53 PM
 #25

I'll continue to mine, I don't pay for power..... wait and see how things pan out.... Smiley

Yeah, but how can you compete with a 10fold difficulty? I mean, say you have 20GH now, by then you will make roughly 1 BTC a day and that is without the reward halving.  There is just no way to justify the costs.

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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July 08, 2012, 11:44:27 PM
 #26

Like I said... I'll wait it out and see how it pans out..... Not going to quit now because something might happen........ this is a hobby for me.. Something fun to tinker with when I am not working...


What's goign to happen if BFL releases their asic and they only perform at 10% of advertised speeds?  I'll see it when I believe it Tongue

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July 09, 2012, 03:14:18 AM
 #27

True, now is definitely not the time to panic and make rash decisions. Wait for BFL to prove it has the high hand and then make your moves. Solid approach. Wink

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
westkybitcoins
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July 09, 2012, 03:34:36 AM
 #28

Other.

I don't mine now, but have pre-ordered a single BFL coffee warmer.

Seems to me ASICs, done right, are increasing casual mining, not killing it.

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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July 09, 2012, 04:29:02 AM
 #29

Other

It is an expensive investment to get over 800MH/s which produces about $80 a month for $600 initial investment. That would take 7-8 months to break even if the current return and bitcoin value remain the same but no one knows hence my Other response, not sure if investment is worth it

Investing in solar panels & setup should be worth it because it has more than one use Smiley

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July 09, 2012, 07:58:38 AM
 #30

My intentions are to mine my GPU's and BFL FPGA's into the ground until the bitter end (read: not-profitable).  Once/If this point has come, I'll just shut-down entirely until BFL's deadline for the trade-up program approaches. I'll re-evaluate the current mining market at that point and act accordingly.

If I do switch to ASIC: I'll upgrade my two singles but will probably wait for further purchases until there's a competitor on the market.  While BFL's products are arguably the best out there, I have great reservations about supporting them any further.  It's commonly said that the power is with the consumer as one can always vote with their wallet. Outside the upgrade, until they start operating like a proper respectable business, I'll take my money elsewhere.



When will be  BFL's deadline for the trade-up program?
Cablez
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July 09, 2012, 12:43:49 PM
 #31

It was moved to March 1st I believe.

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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July 09, 2012, 01:25:28 PM
 #32

Ahahahah, this is bullshit.

While I respect your opinion, I think you're dead wrong.
If BFL will really deliver, then ASIC mining will be much more easy for a casual miner. Just buy a Jalapeno or a Single SC, plug it and it's done, it will mine. Nothing to mess about. Plug and mine.

Now you need to get a decent setup if you want to mine efficiently, so a decent GPU, right drivers and so on
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July 09, 2012, 01:52:17 PM
 #33

Ahahahah, this is bullshit.

While I respect your opinion, I think you're dead wrong.
If BFL will really deliver, then ASIC mining will be much more easy for a casual miner. Just buy a Jalapeno or a Single SC, plug it and it's done, it will mine. Nothing to mess about. Plug and mine.

Now you need to get a decent setup if you want to mine efficiently, so a decent GPU, right drivers and so on
Some people just don't get it. The fear of loosing profit blinds I guess...or maybe just trolling others.

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AzN1337c0d3r
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July 09, 2012, 02:43:31 PM
 #34

There is a surprising amount of people who will continue to mine with GPUs despite the impending large leaps of difficulty due to ASICs.

Shocked

AndrewBUD
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July 09, 2012, 02:52:41 PM
 #35

So their trade up program starts in 7 months ? I could never get a woody for something so far away...

Cablez
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July 09, 2012, 03:59:35 PM
 #36

No, I believe it ends on March 1st. After that tough noogies. Grin

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
ChanceCoats123
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July 09, 2012, 05:52:34 PM
 #37

I feel like people who post in this thread need to first state their reasoning for mining bitcoins:

Profit vs. "The good of the coin"

If you're in BTC for profitability, then ASIC is the end of the casual miner.

If you're in BTC for the good of the coin, then ASIC is a casual miner's wet dream.
TechCF
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July 10, 2012, 08:53:51 AM
 #38

Depending on the cost to ship back the single that is on its way to me, I might end up mining with GPU,FPGA and ASIC. On some of my computers its like running SETI or Folding, its a drop in the ocean, but costs me nothing and will help the community/economy.

I am sure I will sell some GPUs on my dedicated rig.
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July 10, 2012, 03:03:38 PM
 #39

Im currently a casual gpu miner w/ only 1.7gh or so. While the current unknown future of btc mining is at hand, i think i will just wait to see when asic companies actually deliver, and adopt to asic when they become more mainstream. In the meantime ill run my gpu's aslong as profitable =)

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July 10, 2012, 04:25:52 PM
 #40

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

Dare I ask why 8 jal?
The price of 8 jal is equiv. to a Single, yet your producing 28 Gh/s as opposed to 40Gh/s. you're paying the same price for less hashing.
Im just curious because Im considering the investment myself.

I'm not one for donations but if you must go ahead and I will keep you in mind. =)
http://payb.tc/omeganemesis28
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