And what you derps will do if someone announces Litecoin ASICs and start take preorders for them?
The Bitcoin ASIC is not here and will not be here for long time. Current ASIC preorders are fraud and classic confidence scam.
Probably I need to wait until everyone realizes that no ASIC is coming and then resurrect this thread.
Topic: I'm looking for partners for GPU mining I have free electricity - page 3. (Read 5777 times)
November 15, 2012, 01:10:07 PM
November 15, 2012, 01:04:25 PM
GPU mining won't go away with advent of ASICs.
Litecoin was specifically designed to take on that job.
If one compares the sheer number of GPUs out there and the number of ASICs that will come out of foundries by the end of the year and within next year, one can clearly see that GPU mining is still going to be the biggest game in town for a long time. It won't be mining Bitcoins though.
If anything GPUs won't suddenly disappear, they will simply change hands.
Litecoin was specifically designed to take on that job.
If one compares the sheer number of GPUs out there and the number of ASICs that will come out of foundries by the end of the year and within next year, one can clearly see that GPU mining is still going to be the biggest game in town for a long time. It won't be mining Bitcoins though.
If anything GPUs won't suddenly disappear, they will simply change hands.
November 15, 2012, 12:57:04 PM
OK I probably got the sense how miners now are thinking about future of mining.
The same people who created bubble in summer 2011 and predicted that 1BTC will cost more than 100$ at the end of 2011
The same people who invested in LGBT
The same people who used MyBitcoin
and The same people who paid to Pirate40
now they are preordering ASICs and believing in poisoned forum with paid signatures advertising ASIC.
The same people who created bubble in summer 2011 and predicted that 1BTC will cost more than 100$ at the end of 2011
The same people who invested in LGBT
The same people who used MyBitcoin
and The same people who paid to Pirate40
now they are preordering ASICs and believing in poisoned forum with paid signatures advertising ASIC.
November 15, 2012, 11:17:38 AM
I'm not sending my ASIC to ... mystery miners 
November 15, 2012, 10:32:23 AM
Sounds good to me, I'm in the US. I can't ship any GPUs, but I can start up a US based initiative. I too essentially have free electricity. About 20 AMPs at 120v. So roughly 20,000 watts. Enough to start up a small pool if need be. I started a similar thread and got similar responses. If you send me a PM, we can go from there.
Did you mean 200Amps?
November 15, 2012, 10:28:41 AM
...in my opinion the ASIC is scam and they will not be delivered.
This is the basis for your new business? You're in a lot of trouble...
November 15, 2012, 09:33:35 AM
By the time you get this up and running, asics should be out and power costs will be negligible for most miners.
November 15, 2012, 09:23:08 AM
Quote
lol
I'm thinking you should change "I no longer offer services to total strangers..." before offering to take strangers GPUs into your care Smiley
You have no idea what was there before and why I changed that text, right?I'm thinking you should change "I no longer offer services to total strangers..." before offering to take strangers GPUs into your care Smiley
I will not proceed until everything is done. Right now I'm researching how interested people are in this. Many people are going to sell the GPU mining rigs because of reward halving and ASIC chips. The reward halving is real but in my opinion the ASIC is scam and they will not be delivered. Just like with Pirate. So I think that GPU mining will be the best way to do it in year 2013.
Anyway if you pay more than half of profit for electricity the free electricity can be more profitable. This depends on how we split the profit from mining.
November 14, 2012, 11:48:18 PM
Sounds good to me, I'm in the US. I can't ship any GPUs, but I can start up a US based initiative. I too essentially have free electricity. About 20 AMPs at 120v. So roughly 20,000 watts. Enough to start up a small pool if need be. I started a similar thread and got similar responses. If you send me a PM, we can go from there.
Did you mean 200Amps?
November 14, 2012, 11:43:19 PM
Well...hmm. I can see how this might be a bad idea...
November 14, 2012, 11:37:14 PM
lol
I'm thinking you should change "I no longer offer services to total strangers..." before offering to take strangers GPUs into your care
good luck with it
I'm thinking you should change "I no longer offer services to total strangers..." before offering to take strangers GPUs into your care
good luck with it
November 14, 2012, 11:34:03 PM
Sounds good to me, I'm in the US. I can't ship any GPUs, but I can start up a US based initiative. I too essentially have free electricity. About 20 AMPs at 120v. So roughly 20,000 watts. Enough to start up a small pool if need be. I started a similar thread and got similar responses. If you send me a PM, we can go from there.
November 14, 2012, 10:28:25 PM
I can assure you I will not be shipping gpus to europe!!
November 14, 2012, 10:05:56 PM
Development project fully paid by European Union.
November 14, 2012, 10:01:11 PM
How to you get free electricity. I want to know?
November 14, 2012, 09:54:49 PM
I'm researching how interested people are in collocating their mining rigs where free electricity is available. I can get free electricity.
The rules about splitting mined coins and who pays replacement parts in case of hardware failure is not yet ready. I'm working right now to get subsidized free electricity. The bureaucracy and paperwork is unimaginable.
The rules about splitting mined coins and who pays replacement parts in case of hardware failure is not yet ready. I'm working right now to get subsidized free electricity. The bureaucracy and paperwork is unimaginable.
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