Difficulty climbing fast | Bitcointalksearch.org

Markov

sr. member

Activity: 258

Merit: 250

Breizh Atao

Quote from: sam765 on June 22, 2013, 01:49:03 PM

Quote from: Birdy on June 22, 2013, 10:41:14 AM

Buy an Asicminer share and profit from that, too :3
(Disclaimer: I own a few of them xD)

I know little about Asciminer shares. How can I check profitability, return, etc ? I saw few auctions but I don't know how to value those.
I just know that the Asciminer blade extruder on auction are way overpriced and cannot provide ROI, so how are shares different ?
Is it because the "big corp" are already on the Next Gen extruder, much more profitable ?

I'd like to know more about that as well. Any good threads about it?

surebet

hero member

Activity: 495

Merit: 507

Quote from: oxoa on June 22, 2013, 01:58:41 PM

Quote from: iram1088 on June 22, 2013, 01:50:52 PM

Why would you support a scam company like BFL? Most of the customers will never recieve anything. Only shipping out some so more keep preordering before no one shows up for work and the company is disbanded.

Are you on the same earth?
People started to receive their BFL, why do you think difficulty raised?

Because every other ASIC manufacturer has been pumping a steady supply of GH/s into the network for months.

oxoa

member

Activity: 68

Merit: 10

Quote from: iram1088 on June 22, 2013, 01:50:52 PM

Why would you support a scam company like BFL? Most of the customers will never recieve anything. Only shipping out some so more keep preordering before no one shows up for work and the company is disbanded.

Are you on the same earth?
People started to receive their BFL, why do you think difficulty raised?

oxoa

member

Activity: 68

Merit: 10

Quote from: caperjoe on June 20, 2013, 06:08:34 PM

Soon only the rich will be able to mine - Ah capitalism!

Well it's always possible to gather between various people/friend and share an ASIC
putting the same price you would put in a GPU rig each one of you...

That's what we do with my mates...

iram1088

newbie

Activity: 2

Merit: 0

Why would you support a scam company like BFL? Most of the customers will never recieve anything. Only shipping out some so more keep preordering before no one shows up for work and the company is disbanded.

sam765

newbie

Activity: 15

Merit: 0

Quote from: Birdy on June 22, 2013, 10:41:14 AM

Buy an Asicminer share and profit from that, too :3
(Disclaimer: I own a few of them xD)

I know little about Asciminer shares. How can I check profitability, return, etc ? I saw few auctions but I don't know how to value those.
I just know that the Asciminer blade extruder on auction are way overpriced and cannot provide ROI, so how are shares different ?
Is it because the "big corp" are already on the Next Gen extruder, much more profitable ?

acne

newbie

Activity: 56

Merit: 0

IT is climbing fast, very fast

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: sam765 on June 22, 2013, 10:34:50 AM

That they have the power to get the ASIC generation in advance of any one else (like some already do now). When we can get the equipment, they already have mined with that technology for several months. That make it little worth.
So they basically own the revenue tools.

Buy an Asicminer share and profit from that, too :3
(Disclaimer: I own a few of them xD)

sam765

newbie

Activity: 15

Merit: 0

That they have the power to get the ASIC generation in advance of any one else (like some already do now). When we can get the equipment, they already have mined with that technology for several months. That make it little worth.
So they basically own the revenue tools.

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Quote from: sam765 on June 22, 2013, 05:26:20 AM

Quote

They would start now,and years from now it would be revealed to the bitcoin community.

That's a freaking good point... :-( Very realistic (no irony), that's one of my big concern about bitcoin

Your concern is that big corporations will start mining?

Why does that concern you?

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Quote from: IYFTech on June 22, 2013, 03:06:04 AM

Mining will cease sooner or later anyway, once the maximum available coin has been mined....

No, the activity that is currently called mining will continue for as long as bitcoin continues to be used. You may want to take a little time and learn a bit more about how bitcoin works so you won't feel so tempted to spread mis-information about bitcoin in the future.

sam765

newbie

Activity: 15

Merit: 0

Quote

They would start now,and years from now it would be revealed to the bitcoin community.

That's a freaking good point... :-( Very realistic (no irony), that's one of my big concern about bitcoin

IYFTech

hero member

Activity: 686

Merit: 500

WANTED: Active dev to fix & re-write p2pool in C

Mining will cease sooner or later anyway, once the maximum available coin has been mined....

temporary anomymous

newbie

Activity: 11

Merit: 0

Quote from: legitnick on June 20, 2013, 06:51:54 PM

Quote from: caperjoe on June 20, 2013, 06:08:34 PM

I only started a mining a month ago and difficulty has gone from 12 to 19.3 in that short period.

Will difficulty rise so quickly that single GPU miner's like me will have no profit all? Especially when ASICS become widely available. I only started as an experiment.

Soon only the rich will be able to mine - Ah capitalism!

Yep, watch in 3 years all mining is going to be done by big corporations.

They would start now,and years from now it would be revealed to the bitcoin community.

sabahgamemaker

newbie

Activity: 33

Merit: 0

Quote from: silebe on June 21, 2013, 08:47:42 AM

So, by the time I can get an ASIC miner (several months of queueing), then difficulty would have already doubled, making the ROI time like a year.... :-(

Erm, more like a year and a half... :-(

silebe

newbie

Activity: 12

Merit: 0

Ouch... thanks for sharing ... Ouch

gillespies

newbie

Activity: 45

Merit: 0

Quote from: silebe on June 21, 2013, 08:47:42 AM

So, by the time I can get an ASIC miner (several months of queueing), then difficulty would have already doubled, making the ROI time like a year.... :-(

hate to spoil the party, but difficulty would be more than doubled.

I bookmarked this http://organofcorti.blogspot.co.uk/2013/04/914-asic-earnings-23-april-2013.html (back in April) as a constant reminder of this fact

naphto

sr. member

Activity: 392

Merit: 250

Quote from: silebe on June 21, 2013, 08:47:42 AM

So, by the time I can get an ASIC miner (several months of queueing), then difficulty would have already doubled, making the ROI time like a year.... :-(

Maybe, investing in mining rig is pretty stupid imo.

silebe

newbie

Activity: 12

Merit: 0

So, by the time I can get an ASIC miner (several months of queueing), then difficulty would have already doubled, making the ROI time like a year.... :-(

sabahgamemaker

newbie

Activity: 33

Merit: 0

Quote from: silebe on June 21, 2013, 05:17:39 AM

Hi,
Is it still worthy for a new comer to invest in mining. I'm thinking about ASIC (not GPU or FPGA). But will I make any return on investment, let alone profit?
Any estimates on what difficulty will be in the next few months - early next year ?

What I read from somewhere is if you get into mining now, and you have an ASIC, you will probably get back your money in 6 months, maybe more...

Topic: Difficulty climbing fast (Read 1021 times)