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Author Topic: What to do with my GPUs when ASIC arrives?  (Read 8165 times)
live627
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September 09, 2012, 12:17:56 AM
 #41

Preorders should arrive between November of this year to November of next year.
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September 09, 2012, 12:48:12 AM
 #42

lol a one year range? That is a huge uncertainty.
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September 09, 2012, 12:57:33 AM
 #43

lol a one year range? That is a huge uncertainty.

He's either joking or trolling. Expected deliver of the first orders is late October or early November, according to the latest reports from BFL_Josh.

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September 09, 2012, 01:01:59 AM
 #44

Yes - I am VERY uncertain. A BFL rep said the company was working on speedier deliverers. Also they may have thousands of pre-orders. I said November to give them plenty of time. Who knows, oh wait, I ended as Nov 2013 as the time they finish pre-order deliveries. Their goal is to start the first week of November 2012. I read into your question too much, as when do they start and finish the preorder list...

I aim to order a SC Single in January.
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September 09, 2012, 06:44:56 AM
 #45

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?
In case I wasn't clear: I meant that WHEN the ASICs are out I'd prefer to stop mining, (not stop mining now). I'm currently mining with 2.5GH/s, I've also revealed my setup in the post. In any case, when everyone mines @ 40GH/s, my 2.5GH/s will be a drop in the ocean and definitely what comes out of it (at that time), definitely won't pay my electricity bill.

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September 09, 2012, 03:11:46 PM
 #46

BFL originally stated shipping in October.  They are taking on more staff to speed up the process and now hope to start shipping in November?!  It appears that getting them before Xmas may be tricky!

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September 09, 2012, 11:46:16 PM
 #47

mine litecoin instead

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September 10, 2012, 02:21:05 AM
 #48

mine litecoin instead

why? can I somehow sell them for btc and come out ahead of simply mining btc?
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September 10, 2012, 02:40:21 AM
 #49

why? can I somehow sell them for btc and come out ahead of simply mining btc?

They're about neck and neck right now in terms of profitability per watt, however, the profitability of BTC for video cards will be expected to drop upon the introduction of ASIC miners.  ASIC miners do not exist for litecoin's algorithm (which is designed to be more ASIC resistant than SHA256), so GPU mining LTC should remain profitable for some time.

Unlike SHA256, scrypt requires 8kb of L1 cache per process unit and as large as possible, as fast as possible RAM to store a constantly accessed buffer into.  Hence, when ASICs are created for litecoin the gain in speed/watt may not even be on the order of a magnitude, whereas the gain in speed/watt in hashing SHA256 is about 100x (or two orders of magnitude).

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monstrs
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September 10, 2012, 06:34:36 AM
 #50

why? can I somehow sell them for btc and come out ahead of simply mining btc?

They're about neck and neck right now in terms of profitability per watt, however, the profitability of BTC for video cards will be expected to drop upon the introduction of ASIC miners.  ASIC miners do not exist for litecoin's algorithm (which is designed to be more ASIC resistant than SHA256), so GPU mining LTC should remain profitable for some time.

Unlike SHA256, scrypt requires 8kb of L1 cache per process unit and as large as possible, as fast as possible RAM to store a constantly accessed buffer into.  Hence, when ASICs are created for litecoin the gain in speed/watt may not even be on the order of a magnitude, whereas the gain in speed/watt in hashing SHA256 is about 100x (or two orders of magnitude).

So if i use gpu to mine ltc, i can still be cometive with those asics in the market? in theory it should work, as only gpu can produce Ltc, or am i wrong?
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September 10, 2012, 07:58:55 AM
 #51

ASIC miners do not exist for litecoin's algorithm (which is designed to be more ASIC resistant than SHA256), so GPU mining LTC should remain profitable for some time.

Hence, when ASICs are created for litecoin the gain in speed/watt may not even be on the order of a magnitude, whereas the gain in speed/watt in hashing SHA256 is about 100x (or two orders of magnitude).
Actually it's pretty easy to make ASICs for litecoin mining and it will be even more advantage over GPUs. The only thing that stops people from making them is the low demand for litecoins.

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