[Poll]Will you be switching to ASIC?

[dropt]

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.

[dropt]

Ahahahah, this is bullshit.

While I respect your opinion, I think you're dead wrong.

[BR0KK]

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

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.

[AndrewBUD]

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

[Cablez]

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

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.

[AndrewBUD]

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

[Cablez]

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.

[westkybitcoins]

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.

[420]

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

[ChiangYay]

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]

It was moved to March 1st I believe.

[Gabi]

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

[BlackPrapor]

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.

[AzN1337c0d3r]

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

[AndrewBUD]

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

[Cablez]

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

[ChanceCoats123]

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]

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.

[GenTarkin]

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 =)

[OmegaNemesis28]

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.