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Author Topic: What to do with my GPUs when ASIC arrives?  (Read 8164 times)
QiVX
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July 19, 2012, 10:04:44 PM
 #1

Hey guys, as the title says:
What should I do with my GPUs when ASIC arrives?
And I want to make money, I already have contributed enough to Folding@Home.

Cheers
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Gomeler
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July 19, 2012, 11:04:08 PM
 #2

I believe some people have switched over to litecoin mining. I myself will have to find something profitable to do with all these GPUs if the difficulty makes them unprofitable.

Stephen Gornick
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July 20, 2012, 12:21:21 AM
 #3

Get cracking!

 - http://www.linuxjournal.com/content/hack-and-password-cracking-gpus-part-i-setup
 - http://www.linuxjournal.com/content/hack-and-password-cracking-gpus-part-ii-get-cracking
 - http://www.linuxjournal.com/content/hack-and-password-cracking-gpus-part-iii-tune-your-attack

dirtycat
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July 20, 2012, 01:19:44 AM
 #4

sell them!

poop!
zorgberg
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July 20, 2012, 04:28:17 AM
 #5

Keep mining BTC because BFL's claims are inflated to the point of incredulity.  Largecoin's estimates are way more in the ballpark what you should expect given current ASIC technology.  While ASICs will surely change the field it is not going to be an overnight game changer.

notme
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July 20, 2012, 04:32:51 AM
 #6

If you live somewhere where it gets gold, mine in the winter and turn them off for the summer.  Just treat them as electric heaters that happen to pay you a few pennies a day.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
racerguy
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July 20, 2012, 01:41:41 PM
 #7

just mine until it's unprofitable which should be a while yet.
Aseras
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July 20, 2012, 02:50:05 PM
 #8

If you live somewhere where it gets gold, mine in the winter and turn them off for the summer.  Just treat them as electric heaters that happen to pay you a few pennies a day.

Tell me more about using gpus to make gold.
dreamwatcher
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July 20, 2012, 03:36:11 PM
 #9

I am selling (sold) the vast majority of my 5800 series GPU, and replacing them with 7000 series GPU.

Why?

One can get rid of 5800 series quite easily now, (Ebay, first round, $145-180 for the 5870's. Some bought at my buy it now at $180 almost immediately).

When/if BFL delivers on the ASIC within the ballpark of stated specs, one will not be able to give away 5800 series GPU.

Gamers will not want them (2 generations old, and the 8000 series is coming up(?)). The market will be flooded with them, as miners try to sell them off.

When I get ready ready to switch over, I will have no problem selling 7000 series GPU to gamers.

One can pick up a new XFX 7970 at Newegg for 429.99 w/ free shipping at this point (there is a HIS model that comes to 399.99 after rebate!), yet somehow people are sill buying them on EBAY for more.  Cheesy

Yes, I lose a bit of hashing power, (2x 5870 ~ 800-840 MH, 1x 7970 ~ 650-700 MH, on the other hand I was able to pick up my first 7970 for $325  Smiley) but I will be able to more easily recoup my cost when the bottom falls out of the GPU mining market.

Just my .0002 BTC on how I am protecting my investment during this uncertain time.

VelvetLeaf
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July 20, 2012, 04:01:01 PM
 #10

Some ideas :
- Mine Litecoin, at current price it's more profitable to mine Litecoin and sell it to get bitcoin rather than mining bitcoin directly
- Keep mining until it's not profitable then sell it to get ASIC device

BTC : 1GN81dxzxyFPQsyAtdocXr5S9Mcg4wcfFG
LTC : LgmYvXsYXc4xdjsMKXJWqtagxVvioK6iaw
FC : 6dpSnKMtttUUYzaRu1EB7Lu18PBRVHU3V7
SkRRJyTC
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July 22, 2012, 08:22:57 PM
 #11

If you live somewhere where it gets gold, mine in the winter and turn them off for the summer.  Just treat them as electric heaters that happen to pay you a few pennies a day.

Tell me more about using gpus to make gold.

Check out the link in my sig.  I have been making Silver with my GPU for months now. Smiley
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July 31, 2012, 11:27:05 PM
 #12

Keep mining BTC because BFL's claims are inflated to the point of incredulity.  Largecoin's estimates are way more in the ballpark what you should expect given current ASIC technology.  While ASICs will surely change the field it is not going to be an overnight game changer.



Where is largecoin's website?

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
notme
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July 31, 2012, 11:32:09 PM
 #13

If you live somewhere where it gets gold, mine in the winter and turn them off for the summer.  Just treat them as electric heaters that happen to pay you a few pennies a day.

Tell me more about using gpus to make gold.

Lol... I meant cold.  But, yeah, coinabul.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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dlasher
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August 01, 2012, 09:52:47 PM
 #14

When/if BFL delivers on the ASIC within the ballpark of stated specs, one will not be able to give away 5800 series GPU. Gamers will not want them (2 generations old, and the 8000 series is coming up(?)). The market will be flooded with them, as miners try to sell them off.

<...>

One can pick up a new XFX 7970 at Newegg for 429.99 w/ free shipping at this point (there is a HIS model that comes to 399.99 after rebate!), yet somehow people are sill buying them on EBAY for more.  Cheesy

Just my .0002 BTC on how I am protecting my investment during this uncertain time.

Precisely. Smart.

abeaulieu
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August 03, 2012, 03:44:44 PM
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AndrewBUD
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I will Squirt you with this sprinkler :)


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August 03, 2012, 05:47:16 PM
 #16

You can continue to mine until they arrive..... Unless you're paying tons for power.... Send them to me... i am paying nothing for power on my rigs... 50/50 split on the profits Cheesy
Stephen Gornick
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August 04, 2012, 07:00:51 AM
 #17

You can continue to mine until they arrive..... Unless you're paying tons for power.... Send them to me... i am paying nothing for power on my rigs... 50/50 split on the profits Cheesy

Depends on difficulty.   Someone with free electricity even would be wasting their time mining on a CPU.

If difficulty gets to 100 Thash/s (from let's say $3.2 million worth of purchases of SC mini rigs) then a 0.7 Ghash/s 5970 will mine about 0.025 BTC per day (after the block reward drop to 25 BTC).  Thats just a little over a quarter dollar per day per 5970, or about $8 per month.

If I had to bet though, at this exchange rate GPUs will make the effort worthwhile for a few months yet.

AndrewBUD
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I will Squirt you with this sprinkler :)


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August 04, 2012, 01:44:38 PM
 #18

^ depends how quickly this all happens..... From reading around seems like BFL should have these chips to start assembly in October..... after months of testing they'll start shipping their 30% of advertised speeds units....


I heard all this from the alien that abducted me last night...
Gabi
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August 05, 2012, 01:21:26 PM
 #19

Use them for science!

http://milkyway.cs.rpi.edu/milkyway/

That is one project that runs very well on ATI cards!
AndrewBUD
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August 05, 2012, 03:00:15 PM
 #20

or sell them..... if this goes tits up and I have to wait 52 days to make 2 BTC instead of 24 hours...  I'll stop mining.....


I feel for all you guys that pre ordered these ASIC's with the BTC valued at what 6 bucks?
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