I've been thinking about buying this:
http://www.amazon.com/computers-accessories/dp/B007ZWFKX8
and then buying one ASIC a month. Not to profit, just because I can and it would help distribute the mining. Hell maybe even set up bitcoin foundation as recipient.
GPU mining is something I can't do. My air conditioner in summer doesn't keep up, the extra heat from a box full of GPUs and the power supply to feed them I just can't do.
ASIC mining is something I can do.
GPU mining took the ability for many common people to mine away, ASIC is giving it back.
I don't need a power consuming tower and cards to do ASIC mining.
Topic: Do you think people pulling out of mining is good for Bitcoin? - page 4. (Read 4692 times)
I will buy ASICs the say way I bought GPUs. I see no difference. In the end, bitcoin gets more secure - that is what matters.
Yes I think so, it is so difficult to mine nowadays, might as well buy
GPU mining consumes a lot of power and really requires a tower.
ASIC mining can be done with just a USB hub and a low power PC, I suspect even a smart phone could do it.
I welcome ASIC mining, the tree hugger in me finds it lest wasteful of our natural resources.
ASIC mining can be done with just a USB hub and a low power PC, I suspect even a smart phone could do it.
I welcome ASIC mining, the tree hugger in me finds it lest wasteful of our natural resources.
In a gold rush money is in the shovels, cash only.
nuff said
nuff said
Miners are the working class of Bitcoin. ASIC miners are the greedy 1%.
The working class are all the vendors and developers that actually do something with BTC.
Miners are more like the bouncers of BTC.
And it doesn't matter if they use GPUs, ASICs or Windmills to do their work.
They have to secure the network, and that's all.
*Disclosure: I don't mine
Miners are the working class of Bitcoin. ASIC miners are the greedy 1%.
CPU miners basically said the same thing when GPU mining hit the scene and utterly destroyed what one could do with a CPU. Not only were they faster but you could stack 3,4,5,6 even 8 GPU into one rig. Now that is greedy compared to the limited output of a single high cost CPU.
The 1% aren't mining. To be in the 1% means you are a hundred millionaire if not a billionaire.
Still buy a low end ASIC, problem solved. The reality though is most ASIC pre-orderers will likely loose money. Way too much prebought capacity chasing the same amount of coins. Not everyone but a lot of them. If you think it is easy money then buy an ASIC.
Miners are the working class of Bitcoin. ASIC miners are the greedy 1%.
Do you think people pulling out of mining is good for Bitcoin, as the ASIC manufacturers dump their hashrate and bleed GPU miners out of profitability?
Was it good when CPU miners were forced out in mass as people started GPU mining, first single cards, then optimized rigs, then entire rooms worth of rigs?
ASICs are coming. Buy ASICs or don't the network needs "someone" to secure it, it doesn't necessarily need you (or any particular individual).
Do you think people pulling out of mining is good for Bitcoin, as the ASIC manufacturers dump their hashrate and bleed GPU miners out of profitability?
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