[Poll]Will you be switching to ASIC?

[AzN1337c0d3r]

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

[1714112554]

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[1714112554]

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[bravetheheat]

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)?

[SaintFlow]

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.

[AzN1337c0d3r]

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

[kentrolla]

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

[BR0KK]

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

[AzN1337c0d3r]

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.

[tatsuchan]

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.

[BR0KK]

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

[BlackPrapor]

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

Around $37, for the first few months I guess

[mokahless]

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.

[BlackPrapor]

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.

[BR0KK]

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)

[mokahless]

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.

[BlackPrapor]

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 ). 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+.

[BlackPrapor]

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 ). Difficulty is a bit easier to estimate, but revenue also depends on your order position...

[Gabi]

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.

[mokahless]

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 ). 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.

[BlackPrapor]

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.

[juggalodarkclow]

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