Are you staying in mining and paying to move to ASIC or are you getting out?

BCMan

hero member

Activity: 535

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Quote from: zvs on January 31, 2013, 12:38:39 AM

getting out

i see interest in bitcoin as a whole falling drastically w/ introduction of specialized equipment for 'mining'

@ current price, i'll keep the GPUs running until 4m diff

oh, seeing as how jeff got his ASIC, I imagine that korean node that's been reporting blocks probably has one too

Agree. I'm out as well. Fuck ASICs.

Scrat Acorns

sr. member

Activity: 293

Merit: 250

Quote from: kliffen on January 24, 2013, 05:36:09 PM

As if ASICs will actually ever arrive

Hehe.

Still gonna mine on my petty GPUs. You still have factor in appreciation in your profit calculations.

zvs

legendary

Activity: 1680

Merit: 1000

https://web.archive.org/web/*/nogleg.com

getting out

i see interest in bitcoin as a whole falling drastically w/ introduction of specialized equipment for 'mining'

@ current price, i'll keep the GPUs running until 4m diff

oh, seeing as how jeff got his ASIC, I imagine that korean node that's been reporting blocks probably has one too

Paladin69

hero member

Activity: 784

Merit: 1000

Quote from: mokahless on January 22, 2013, 08:33:56 PM

please add additional options, if possible:
No - Had GPUs, will keep mining
No - Had FPGAs, will keep mining
No - Had mix of both, will keep mining
Yes - new to bitcoin and going ASIC

I know these will likely have few responses but I am interested in if anyone is considering those options.
You could condense the first 3 into "I will mine with what I have now (before ASICS) for a long time!"

I know that once I move to ASIC, I will keep GPU mining in the winter to avoid using my oil heater. Even in the summer, I will likely keep my 5830 single unit mining.

Added.

kliffen

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Merit: 10

As if ASICs will actually ever arrive

fcmatt

legendary

Activity: 2072

Merit: 1001

The last few months of gpu mining has been good especially if you let the btc build up and sell some each time the price jumps up. I never though i would be getting 17 some usd per btc right now.

Frequency

hero member

Activity: 540

Merit: 500

COINDER

To be honest i think the whole ASIC story is a good thing for gpu miners

At the moment thats becourse a lot of new people getting intrested in mining are now.. or waiting or pre-ordering this vaporware.

i bet no new miner wil invest an $10k into an gpu farm at this moment witch is a good thing for mining farms ROI../ difficulty vs hashrate..as you can see the hashrate is still around 20/25 gh vs 3000000 diff and if you read back into the postst about predicting what it would be then they were wrong...still gpu miners are the laughing ones ..and as long as ASIC,s aren,t proven to excist they will be the only ones making BTC...and getting ROI..

So the delays in ASIC are a good thing for gpu miners ROI....just my thoughts Cheesy

And they have created a big stack of BTC to buy more ASIC when outthere.. Roll Eyes

(sorry for the bad English) Shocked

mokahless

sr. member

Activity: 471

Merit: 256

please add additional options, if possible:
No - Had GPUs, will keep mining
No - Had FPGAs, will keep mining
No - Had mix of both, will keep mining
Yes - new to bitcoin and going ASIC

I know these will likely have few responses but I am interested in if anyone is considering those options.
You could condense the first 3 into "I will mine with what I have now (before ASICS) for a long time!"

I know that once I move to ASIC, I will keep GPU mining in the winter to avoid using my oil heater. Even in the summer, I will likely keep my 5830 single unit mining.

Icoin

hero member

Activity: 585

Merit: 501

Quote

ASIC will be set dedicated to btc.

There are more sha256 based chains alive then just BTC.

Quote

Insert Quote
Actually never had anything other than the GPU in my laptop (a silly little 40 Mhash machine, but it's actually profitable without any alterations because of the amount of electricity the laptop pulls), but I'm waiting until a couple months after ASICs come out to see how the market has stabilized (or not) and recalculate if it would be profitable to enter with an ASIC then.

Anyone can enter shareholder ASIC mining anytime with GMP

There gonna be 5 ASIC running for the project as soon Avalon Batch2 is out. Im courious on the reports of Batch1

more: https://bitcointalksearch.org/topic/gmp-asic-crowdmining-transition-report-136861

Is it possible to add "shareholder mining" to the poll ?

MJGrae

full member

Activity: 134

Merit: 100

Sold.

Actually never had anything other than the GPU in my laptop (a silly little 40 Mhash machine, but it's actually profitable without any alterations because of the amount of electricity the laptop pulls), but I'm waiting until a couple months after ASICs come out to see how the market has stabilized (or not) and recalculate if it would be profitable to enter with an ASIC then.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: cdb000 on January 13, 2013, 08:54:43 AM

I ticked the box for "No - Had GPU's, I'm out" though in fact my little cluster of 5870 and 5970 based miners is hashing at 6GH, all GPUs are undervolted (0.95v) and underclocked (600MHz) and returning a small profit.

I will only cease mining when the difficulty has risen to the point where I can no longer at least break even with the undervolted GPus.

This may actually carry a lot of economic importance - it may be the case that price will keep going up to adjust for minimally keeping you in business. At least if we believe in invisible hands this sounds pretty plausible.

Exception

newbie

Activity: 11

Merit: 0

None of the above: Starting with ASIC going from nothing.

salfter

hero member

Activity: 651

Merit: 501

My PGP Key: 92C7689C

Switched my 7750 to Litecoin mining a while back as there's more profit in it...waiting for my Jalapeños to arrive.

cryptodrifter

newbie

Activity: 30

Merit: 0

5850 will be shifted to litecoin primarily, and misc alt-coins as a secondary.

ASIC will be set dedicated to btc.

cdb000

member

Activity: 112

Merit: 11

I ticked the box for "No - Had GPU's, I'm out" though in fact my little cluster of 5870 and 5970 based miners is hashing at 6GH, all GPUs are undervolted (0.95v) and underclocked (600MHz) and returning a small profit.

I will only cease mining when the difficulty has risen to the point where I can no longer at least break even with the undervolted GPus.

Lethn

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Merit: 1000

Quote from: fcmatt on January 12, 2013, 10:30:33 AM

Quote from: Lethn on January 12, 2013, 10:25:43 AM

I'm just an observer and laughing at you crazy people Cheesy

It is alright to laugh. I see that. But gpu was not very risky at all. And if you did not preorder asics you stayed out of that mess. Just wait and see what happens before jumping in.

As far as I'm concerned mining to me is a way to preserve wealth, like mining for gold or silver, anyone who actually does it for profit is a bit of a moron really who hasn't done the math >_<

marketersales

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Merit: 10

SIC sucks.

fcmatt

legendary

Activity: 2072

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Quote from: Lethn on January 12, 2013, 10:25:43 AM

I'm just an observer and laughing at you crazy people Cheesy

It is alright to laugh. I see that. But gpu was not very risky at all. And if you did not preorder asics you stayed out of that mess. Just wait and see what happens before jumping in.

Lethn

legendary

Activity: 1540

Merit: 1000

I'm just an observer and laughing at you crazy people Cheesy

purelithium

hero member

Activity: 504

Merit: 500

Have GPUs and FPGAs, going to keep mining until it's unprofitable. I still see no ASICs in the wild, I'm still skeptical.

Topic: Are you staying in mining and paying to move to ASIC or are you getting out? (Read 3655 times)