Bitcoin Forum
December 04, 2016, 06:24:03 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: What to do with my GPUs when ASIC arrives?  (Read 8160 times)
Gabi
Legendary
*
Offline Offline

Activity: 1050


View Profile
August 06, 2012, 01:55:12 PM
 #21

Well this means nothing. Maybe they were ppl who bought enuff bitcoin with dollars to buy the ASIC, for them it doesn't matter if a btc is worth 5 or 10$

Yes, buying them at 5 and waiting until they are at 10 and then buying the ASIC is a good idea but it's called speculation. You would need a crystal ball to see the future to do that reliably  Cheesy
1480832643
Hero Member
*
Offline Offline

Posts: 1480832643

View Profile Personal Message (Offline)

Ignore
1480832643
Reply with quote  #2

1480832643
Report to moderator
1480832643
Hero Member
*
Offline Offline

Posts: 1480832643

View Profile Personal Message (Offline)

Ignore
1480832643
Reply with quote  #2

1480832643
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480832643
Hero Member
*
Offline Offline

Posts: 1480832643

View Profile Personal Message (Offline)

Ignore
1480832643
Reply with quote  #2

1480832643
Report to moderator
1480832643
Hero Member
*
Offline Offline

Posts: 1480832643

View Profile Personal Message (Offline)

Ignore
1480832643
Reply with quote  #2

1480832643
Report to moderator
1480832643
Hero Member
*
Offline Offline

Posts: 1480832643

View Profile Personal Message (Offline)

Ignore
1480832643
Reply with quote  #2

1480832643
Report to moderator
AndrewBUD
Sr. Member
****
Offline Offline

Activity: 336


I will Squirt you with this sprinkler :)


View Profile
August 06, 2012, 02:00:35 PM
 #22

Well this means nothing. Maybe they were ppl who bought enuff bitcoin with dollars to buy the ASIC, for them it doesn't matter if a btc is worth 5 or 10$

Yes, buying them at 5 and waiting until they are at 10 and then buying the ASIC is a good idea but it's called speculation. You would need a crystal ball to see the future to do that reliably  Cheesy


speculation: these things will perform 10-20% of their advertised speeds, 40% will break within 4 months of receiving them. My e-peen will be the largest on the forum by the time this comes around Smiley
P!nk4sand
Member
**
Offline Offline

Activity: 68



View Profile
August 06, 2012, 10:14:09 PM
 #23

sell them and leave 1 for gaming Grin
CoinLab
Sr. Member
****
Offline Offline

Activity: 270


1CoinLabF5Avpp5kor41ngn7prTFMMHFVc


View Profile WWW
August 09, 2012, 11:30:44 PM
 #24

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

You should join our pool, and you'll be able to profitably mine with your GPU after ASICs hit!

https://bitcointalk.org/index.php?topic=99643.0
Insu Dra
Full Member
***
Offline Offline

Activity: 182



View Profile
August 19, 2012, 09:19:13 AM
 #25



why did I think of mountains of gold when I saw that ?
ugh, to bad cost still bigger then profit ...

Anny way, keep mining join a pool and be happy you have gpu's and not fpga's  Grin


"drugs, guns, and gambling for anyone and everyone!"
abeaulieu
Sr. Member
****
Offline Offline

Activity: 295



View Profile
August 19, 2012, 05:29:35 PM
 #26

why did I think of mountains of gold when I saw that ?
ugh, to bad cost still bigger then profit ...

Anny way, keep mining join a pool and be happy you have gpu's and not fpga's  Grin


I'd rather have FPGA's because I'm an electrical engineer and leftover (unprofitable) FPGA hardware can just become some compute-heavy hardware for some projects  Smiley
Comepradz
Jr. Member
*
Offline Offline

Activity: 49



View Profile
August 19, 2012, 11:24:47 PM
 #27

You could give it to me Grin
Go for science dude, Try for BOINC >> https://boinc.berkeley.edu/
Use them for science!

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

That is one project that runs very well on ATI cards!
Milkyway@home is part of it. Cheers Smiley

This signature contains 37 characters
VeeMiner
Hero Member
*****
Offline Offline

Activity: 749


bitcoin hodler


View Profile
September 03, 2012, 05:25:19 PM
 #28

Well this means nothing. Maybe they were ppl who bought enuff bitcoin with dollars to buy the ASIC, for them it doesn't matter if a btc is worth 5 or 10$

Yes, buying them at 5 and waiting until they are at 10 and then buying the ASIC is a good idea but it's called speculation. You would need a crystal ball to see the future to do that reliably  Cheesy


speculation: these things will perform 10-20% of their advertised speeds, 40% will break within 4 months of receiving them. My e-peen will be the largest on the forum by the time this comes around Smiley


I can't wait for the time when my mini rig comes and I will mine with 40 Ghash/s and you will be left with your few petty GPUs, I can't wait to see your e-peen then Cheesy. Anyway, I don't like that people are baselessly accusing BFL of scam. Let's just wait and see who is right in the end...
ralree
Hero Member
*****
Offline Offline

Activity: 518


Manateeeeeeees


View Profile
September 03, 2012, 05:31:02 PM
 #29

Oh nice the forum has an ignore feature!

Goodbye, VeeMiner.

1MANaTeEZoH4YkgMYz61E5y4s9BYhAuUjG
ice_chill
Sr. Member
****
Offline Offline

Activity: 336


View Profile
September 03, 2012, 06:31:20 PM
 #30

Well this means nothing. Maybe they were ppl who bought enuff bitcoin with dollars to buy the ASIC, for them it doesn't matter if a btc is worth 5 or 10$

Yes, buying them at 5 and waiting until they are at 10 and then buying the ASIC is a good idea but it's called speculation. You would need a crystal ball to see the future to do that reliably  Cheesy


speculation: these things will perform 10-20% of their advertised speeds, 40% will break within 4 months of receiving them. My e-peen will be the largest on the forum by the time this comes around Smiley


I can't wait for the time when my mini rig comes and I will mine with 40 Ghash/s and you will be left with your few petty GPUs, I can't wait to see your e-peen then Cheesy. Anyway, I don't like that people are baselessly accusing BFL of scam. Let's just wait and see who is right in the end...

1. There is no MiniRig that does 40Ghash/s. It's called SC Single.
2. Your 40Ghash/s will be worth not much once the difficulty goes up so don't get too excited about mining with it.
VeeMiner
Hero Member
*****
Offline Offline

Activity: 749


bitcoin hodler


View Profile
September 03, 2012, 07:12:05 PM
 #31


1. There is no MiniRig that does 40Ghash/s. It's called SC Single.
2. Your 40Ghash/s will be worth not much once the difficulty goes up so don't get too excited about mining with it.

sorry for the wrong name of the product. I meant SC single of course. I'm counting on the difficulty to go up by 15-20x, who knows, maybe more. It will still be profitable though. I'm just trying to make a point that lot of people write bad things about BFL, but it's a lot of baseless accusations.

I just came to bitcoin couple months ago and I really like the idea and I want to get a piece of the cake with the mining evolution that's going on right now...
macsga
Legendary
*
Offline Offline

Activity: 1386


Strange, yet attractive.


View Profile
September 08, 2012, 12:20:43 PM
 #32

In my opinion, it all makes sense when you compare what the network production/equity is now, with the one that will be, when the Asic miners come in. If you think about it a bit; the current exchange rate is about $12 for 1BC. That means you need about 100BC or $1200 for a BFL, SC and 40GH/s. You need about 100 days, to produce 100BC at a rate of 1BC/day with an average setup that sets you back about $1000 to $1200 (a couple of 5970s, a couple of 6870s, and some 6950s) and gives you 2.5GH/s.

Now, lets project this for a while to after 6 months to 1 year. By that time, lets asume that EVERYONE (who can afford it) will mine with an asic by then. The difficulty should respectively rise to actively produce an average for 40GH/s lets say 1BC/day. This means on a direct comparison that your (future) 40GH/s equals with the (today's) 2.5GH/s. Respectively you will be at the same position minus the initial 100BC you gave to buy the asic, minus the cost of the videocards (if you don't manage to sell them, or want to keep them anyway).

It's all about the Benjamins gentlemen. My advice is (that's what I'm gonna do) to quit mining and while the price is still low; I'll prefer buying 1BC per day. When this won't be feasible anymore, I will have a fair amount of BCs to buy myself a couple of asics at 1/3 or even less of the current price... and won't mind about the loss. Of course I'll stand out from mining for a fair amount of time, but what is time? Isn't money..? Wink

DavinciJ15
Hero Member
*****
Offline Offline

Activity: 750


Bitcoin - helping to end bankster enslavement.


View Profile WWW
September 08, 2012, 07:16:35 PM
 #33

It's all about the Benjamins gentlemen.

This is where you are wrong.  The reason bitcoin exists is because there is a problem with the benjamins... The fucking Federal Reseve (a private bank) keeps printing them and handing them out to there friends and governments that do not have our best interest in mind.

Sure bitcoin is a big risk but if it works the payoff will be greater than holding gold or silver.  This is what people like myself see and make decisions based on that not On how much federal reserve notes we will get right now.
jojo69
Hero Member
*****
Offline Offline

Activity: 728



View Profile
September 08, 2012, 07:20:41 PM
 #34

I already have contributed enough to Folding@Home.

Cheers

you can never contribute "enough" to Folding@Home


that said, AMD cards suck balls at folding

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
AndrewBUD
Sr. Member
****
Offline Offline

Activity: 336


I will Squirt you with this sprinkler :)


View Profile
September 08, 2012, 07:21:06 PM
 #35

In my opinion, it all makes sense when you compare what the network production/equity is now, with the one that will be, when the Asic miners come in. If you think about it a bit; the current exchange rate is about $12 for 1BC. That means you need about 100BC or $1200 for a BFL, SC and 40GH/s. You need about 100 days, to produce 100BC at a rate of 1BC/day with an average setup that sets you back about $1000 to $1200 (a couple of 5970s, a couple of 6870s, and some 6950s) and gives you 2.5GH/s.

Now, lets project this for a while to after 6 months to 1 year. By that time, lets asume that EVERYONE (who can afford it) will mine with an asic by then. The difficulty should respectively rise to actively produce an average for 40GH/s lets say 1BC/day. This means on a direct comparison that your (future) 40GH/s equals with the (today's) 2.5GH/s. Respectively you will be at the same position minus the initial 100BC you gave to buy the asic, minus the cost of the videocards (if you don't manage to sell them, or want to keep them anyway).

It's all about the Benjamins gentlemen. My advice is (that's what I'm gonna do) to quit mining and while the price is still low; I'll prefer buying 1BC per day. When this won't be feasible anymore, I will have a fair amount of BCs to buy myself a couple of asics at 1/3 or even less of the current price... and won't mind about the loss. Of course I'll stand out from mining for a fair amount of time, but what is time? Isn't money..? Wink


Good post dude....


I am goign to mine as hard as possible with my GPU's while you guys are waiting on these ASIC's ....I'll use my coins to buy some when they are released and are working.. But I doubt i'll buy through BFL....
macsga
Legendary
*
Offline Offline

Activity: 1386


Strange, yet attractive.


View Profile
September 08, 2012, 08:32:25 PM
 #36

It's all about the Benjamins gentlemen.

This is where you are wrong.  The reason bitcoin exists is because there is a problem with the benjamins... The fucking Federal Reseve (a private bank) keeps printing them and handing them out to there friends and governments that do not have our best interest in mind.

Sure bitcoin is a big risk but if it works the payoff will be greater than holding gold or silver.  This is what people like myself see and make decisions based on that not On how much federal reserve notes we will get right now.

Hehe. It's just a phrase; as we say "a matter of speaking". The "Benjamins" were just another word for money / bitcoins / any means of exchange really. I wasn't referring to the fiat money. IMHO, Bitcoin is NOT a big risk. It's the next step; and frankly, my opinion is that's gonna be what's left after everything else has failed...

...except; if we have no computers and/or electricity and/or internet...

crazyates
Legendary
*
Offline Offline

Activity: 938



View Profile
September 08, 2012, 09:10:16 PM
 #37

In my opinion, it all makes sense when you compare what the network production/equity is now, with the one that will be, when the Asic miners come in. If you think about it a bit; the current exchange rate is about $12 for 1BC. That means you need about 100BC or $1200 for a BFL, SC and 40GH/s. You need about 100 days, to produce 100BC at a rate of 1BC/day with an average setup that sets you back about $1000 to $1200 (a couple of 5970s, a couple of 6870s, and some 6950s) and gives you 2.5GH/s.

Now, lets project this for a while to after 6 months to 1 year. By that time, lets asume that EVERYONE (who can afford it) will mine with an asic by then. The difficulty should respectively rise to actively produce an average for 40GH/s lets say 1BC/day. This means on a direct comparison that your (future) 40GH/s equals with the (today's) 2.5GH/s. Respectively you will be at the same position minus the initial 100BC you gave to buy the asic, minus the cost of the videocards (if you don't manage to sell them, or want to keep them anyway).

It's all about the Benjamins gentlemen. My advice is (that's what I'm gonna do) to quit mining and while the price is still low; I'll prefer buying 1BC per day. When this won't be feasible anymore, I will have a fair amount of BCs to buy myself a couple of asics at 1/3 or even less of the current price... and won't mind about the loss. Of course I'll stand out from mining for a fair amount of time, but what is time? Isn't money..? Wink

I agreed with everything you said, right up until the part where you said to stop mining. Why would you not mine now, before the difficult spikes and it requires ASICs to make 1BTC/day?

Tips? 1crazy8pMqgwJ7tX7ZPZmyPwFbc6xZKM9
Previous Trade History - Sale Thread
The-Real-Link
Hero Member
*****
Offline Offline

Activity: 530



View Profile
September 08, 2012, 09:42:45 PM
 #38

In my opinion, it all makes sense when you compare what the network production/equity is now, with the one that will be, when the Asic miners come in. If you think about it a bit; the current exchange rate is about $12 for 1BC. That means you need about 100BC or $1200 for a BFL, SC and 40GH/s. You need about 100 days, to produce 100BC at a rate of 1BC/day with an average setup that sets you back about $1000 to $1200 (a couple of 5970s, a couple of 6870s, and some 6950s) and gives you 2.5GH/s.

Now, lets project this for a while to after 6 months to 1 year. By that time, lets asume that EVERYONE (who can afford it) will mine with an asic by then. The difficulty should respectively rise to actively produce an average for 40GH/s lets say 1BC/day. This means on a direct comparison that your (future) 40GH/s equals with the (today's) 2.5GH/s. Respectively you will be at the same position minus the initial 100BC you gave to buy the asic, minus the cost of the videocards (if you don't manage to sell them, or want to keep them anyway).

(snip)

Absolutely agree and this was my thought on the matter as well.  The difficulty may make it eventually that the Single takes as long as a GPU to pay itself off but given that in the overall scheme of things it costs a fair bit less than a full system with many GPUs or multiple systems combined, I'm not too worried.  As long as we all get ROI, whenever that is, IMO, that's fine for me.

Oh Loaded, who art up in Mt. Gox, hallowed be thy name!  Thy dollars rain, thy will be done, on BTCUSD.  Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins.  And lead us into quadruple digits
Gabi
Legendary
*
Offline Offline

Activity: 1050


View Profile
September 08, 2012, 10:26:23 PM
 #39

I already have contributed enough to Folding@Home.

Cheers

you can never contribute "enough" to Folding@Home


that said, AMD cards suck balls at folding
Luckily there are tons of other project that run very well on AMD cards
ARapalo
Member
**
Offline Offline

Activity: 93


View Profile
September 09, 2012, 12:13:02 AM
 #40

Sorry, n00b question, but about when will these ASICs arrive? I'm in the same boat with a couple of these old GPUs.
Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!