The difficulty is now at a new all time high

[420]

Bfl finishing up their old orders would bring diff up. Newer radeon vid card series brought things up. Other fpga stuff coming online. Higher btc price added some old users back into mining with what they have. Etc..

radeon 7000's?

[fcmatt]

Bfl finishing up their old orders would bring diff up. Newer radeon vid card series brought things up. Other fpga stuff coming online. Higher btc price added some old users back into mining with what they have. Etc..

radeon 7000's?

yes. a 7970 can do what? 550-700 mh/s depending on who you ask, what model, over clocking, etc...
So that is like bringing online two 5830s at once. Nothing to sneeze at really. Just multiply it by your guess
how many were bought by forum members and gamers who know about bitcoins... and you can consider it
a nice chunk of mining power.

Also every other gamer turned miner who had access to a 7xxx model worth mining some btc with.
Sure I know they are not the best card to mine with compared to older models but they are not slouches
either.

Every little bit adds up when people notice the price rises and wants in. Even if only .2 BTC per day.

[420]

Bfl finishing up their old orders would bring diff up. Newer radeon vid card series brought things up. Other fpga stuff coming online. Higher btc price added some old users back into mining with what they have. Etc..

radeon 7000's?

yes. a 7970 can do what? 550-700 mh/s depending on who you ask, what model, over clocking, etc...
So that is like bringing online two 5830s at once. Nothing to sneeze at really. Just multiply it by your guess
how many were bought by forum members and gamers who know about bitcoins... and you can consider it
a nice chunk of mining power.

Also every other gamer turned miner who had access to a 7xxx model worth mining some btc with.
Sure I know they are not the best card to mine with compared to older models but they are not slouches
either.

Every little bit adds up when people notice the price rises and wants in. Even if only .2 BTC per day.

*cough* 5970 is 740mhash easy. cheaper price

[fcmatt]

Bfl finishing up their old orders would bring diff up. Newer radeon vid card series brought things up. Other fpga stuff coming online. Higher btc price added some old users back into mining with what they have. Etc..

radeon 7000's?

yes. a 7970 can do what? 550-700 mh/s depending on who you ask, what model, over clocking, etc...
So that is like bringing online two 5830s at once. Nothing to sneeze at really. Just multiply it by your guess
how many were bought by forum members and gamers who know about bitcoins... and you can consider it
a nice chunk of mining power.

Also every other gamer turned miner who had access to a 7xxx model worth mining some btc with.
Sure I know they are not the best card to mine with compared to older models but they are not slouches
either.

Every little bit adds up when people notice the price rises and wants in. Even if only .2 BTC per day.

*cough* 5970 is 740mhash easy. cheaper price

I knew a response like this was coming ;-)

We could go back and forth on how to get the most bang for your buck now days but lets not.
A lot of people are buying 7xxx series because they know a 300 dollar 5970 card will more then likely lose
it's value quicker then a 7970 will. Sure it is a trade of mh/s wise.. but I think the 7xxx series uses less power too.
So better to buy a card, make some profit, and still have a good chunk of its resale value left in 2013.

By then gamers will not want a card that can get smoked by a 6950 in gaming. Let alone a 7970 which smokes a 6950.

[Shadow383]

Bfl finishing up their old orders would bring diff up. Newer radeon vid card series brought things up. Other fpga stuff coming online. Higher btc price added some old users back into mining with what they have. Etc..

radeon 7000's?

yes. a 7970 can do what? 550-700 mh/s depending on who you ask, what model, over clocking, etc...
So that is like bringing online two 5830s at once. Nothing to sneeze at really. Just multiply it by your guess
how many were bought by forum members and gamers who know about bitcoins... and you can consider it
a nice chunk of mining power.

Also every other gamer turned miner who had access to a 7xxx model worth mining some btc with.
Sure I know they are not the best card to mine with compared to older models but they are not slouches
either.

Every little bit adds up when people notice the price rises and wants in. Even if only .2 BTC per day.

*cough* 5970 is 740mhash easy. cheaper price

Until the VRMs explode 8 months later  that's a consideration too

[420]

Bfl finishing up their old orders would bring diff up. Newer radeon vid card series brought things up. Other fpga stuff coming online. Higher btc price added some old users back into mining with what they have. Etc..

radeon 7000's?

yes. a 7970 can do what? 550-700 mh/s depending on who you ask, what model, over clocking, etc...
So that is like bringing online two 5830s at once. Nothing to sneeze at really. Just multiply it by your guess
how many were bought by forum members and gamers who know about bitcoins... and you can consider it
a nice chunk of mining power.

Also every other gamer turned miner who had access to a 7xxx model worth mining some btc with.
Sure I know they are not the best card to mine with compared to older models but they are not slouches
either.

Every little bit adds up when people notice the price rises and wants in. Even if only .2 BTC per day.

*cough* 5970 is 740mhash easy. cheaper price

Until the VRMs explode 8 months later  that's a consideration too

hey 8 months i should have got the money out of them back! what do you estimate my clock speeds and core/vrm temps for that?

[fcmatt]

I really wanted 5970s but it scares the crap out of me to drop $300-400 on a card thats been abused most of its life.  I had some bad experiences with used 5870s, so i said screw it and got a pair of 7970s.  very happy with them and two years of warranty left :-)

I bought a 5970 off ebay used and it was defective. at least one of the gpus were.
thankfully the defect showed its ugly face before my return policy expired.
sent it back, got my money, and decided the high failure rate of these cards, based on research,
was a poor choice to make and I never bought another.

[420]

I really wanted 5970s but it scares the crap out of me to drop $300-400 on a card thats been abused most of its life.  I had some bad experiences with used 5870s, so i said screw it and got a pair of 7970s.  very happy with them and two years of warranty left :-)

I bought a 5970 off ebay used and it was defective. at least one of the gpus were.
thankfully the defect showed its ugly face before my return policy expired.
sent it back, got my money, and decided the high failure rate of these cards, based on research,
was a poor choice to make and I never bought another.

i bought 3 refurb cards, no problem with mine

[peasant]

I'll take a 7970 new please. It's the best hedge for the near future uncertainty. 6 months down the road the landscape will have decided the GPU miners fate, and pretty much any path will be better for the owners of 7970 cards.

[420]

I'll take a 7970 new please. It's the best hedge for the near future uncertainty. 6 months down the road the landscape will have decided the GPU miners fate, and pretty much any path will be better for the owners of 7970 cards.

great point. wish i could upgrade now but would take some liquidity

[meebs]

I was hoping for a few good final months before ASICs arrived, because I expected people to ditch their GPU farms while they still can get a decent price for them. I mean, good luck selling your GPUs in november or whenever these asics hit.

Why do you feel the used GPU market will suddenly crash? There are a LOT more gamers out there than there are miners. I would be surprised if there was more than 1-4 people GPU mining in a given city of 100k or so. I could be wrong though, but i'd be surprised if I was.

[Shadow383]

I was hoping for a few good final months before ASICs arrived, because I expected people to ditch their GPU farms while they still can get a decent price for them. I mean, good luck selling your GPUs in november or whenever these asics hit.

Why do you feel the used GPU market will suddenly crash? There are a LOT more gamers out there than there are miners. I would be surprised if there was more than 1-4 people GPU mining in a given city of 100k or so. I could be wrong though, but i'd be surprised if I was.

If we assume that there's ~15Thash/s of GPU mining online currently (I suspect it's probably lower than that given how much hardware BFL and the other FPGA manufacturers have shipped) that would be:

~50,000 ATI 5830s
Or
~25,000 7970s
Or
~20,000 5970s

So it's not an inconsiderable amount of GPUs either way.

[ShittyBitcoinDrawer]

The last difficulty peak was around August 2011, below 2,000,000.

The difficulty is now 2,036,671, clearly exceeding that peak.

Thoughts ?

How I picture the rise of difficulty and how some miners must feel! http://imgur.com/rJMhw

[420]

when's next difficulty change? sep 21?

[goxed]

The last difficulty peak was around August 2011, below 2,000,000.

The difficulty is now 2,036,671, clearly exceeding that peak.

Thoughts ?

How I picture the rise of difficulty and how some miners must feel! http://imgur.com/rJMhw

exactly my feeling!

[meebs]

The last difficulty peak was around August 2011, below 2,000,000.

The difficulty is now 2,036,671, clearly exceeding that peak.

Thoughts ?

How I picture the rise of difficulty and how some miners must feel! http://imgur.com/rJMhw

I WISH it was ONLY 2m right now instead of this 2.8 and rising insanity.

[bitcon]

with winter around the corner i will probably be firing the rig back up to help keep the house warm.

[420]

with winter around the corner i will probably be firing the rig back up to help keep the house warm.

"the rig" ?

[meebs]

Well, looks like 3m+ is coming the next adjustment.... grr

[Shadow383]

with winter around the corner i will probably be firing the rig back up to help keep the house warm.

Already getting cold here and it's been good to not have to stick the heating on