Now Bitcoin mining becomes much less profitable - page 2.

digicoin

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Quote from: boomboom on April 17, 2013, 11:11:04 PM

It sounds like mining is less secure than buying bitcoins and playing ups and downs at Mt Gox.

Well, to get started mining most of people pay more or less than 1000 USD to buy VGA (~1000MH/s). However that investment yields about 3.5 - 4.2 USD per day in revenue (not profit) if BTS/USD is 85 - 90 as of today.

I really think that BTC trading can bring more profit than GPU mining. If ASIC miners joins the board, GPU miners should quit the BTC game

boomboom

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It sounds like mining is less secure than buying bitcoins and playing ups and downs at Mt Gox.

djspock3030

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I am curious to see how that changes and dominates the market or if people really don't invest and it changes the whole climate a little bit. I would risk 270 usd just to see if it can really do 4500 Mhash/s but i wouldnt give it anymore than that then ride the wave

18RATTT

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Quote from: djspock3030 on April 17, 2013, 10:58:18 PM

I talked to the owner of butterfly labs today and he informed me you buy a rig today you would have it by July? So not sure what you are saying. I know there are a lot of folks that are pissed at him because he keeps pushing the date, i know it says end of April 2013 and he didn't really confirm that either. Found out just on accident its down the road from where i dwell lol

last time i check, he updated that they still have problem bcos the rig (i think it was the cpu or smtg) is outputting more heat/electricity than it was intended

djspock3030

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I talked to the owner of butterfly labs today and he informed me you buy a rig today you would have it by July? So not sure what you are saying. I know there are a lot of folks that are pissed at him because he keeps pushing the date, i know it says end of April 2013 and he didn't really confirm that either. Found out just on accident its down the road from where i dwell lol

18RATTT

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Quote from: Alexstrazsa on April 17, 2013, 10:39:18 PM

From my very limited knowledge of Bitcoins and the methods of obtaining them (I know of FPGA and ASIC mining, but hell if I can put a rig together), I'd guess that it's only going to get harder. Once ASIC units start actually being produced and become mainstream in the bitcoin world, the difficulty is going to skyrocket and GPU miners will probably be left in the dust.

QFT. and all the asic rig are sold out and pre-order are atleast 6months+
and i live in SouthEast Asia, which make it even more difficult to obtain one.

djspock3030

newbie

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I don't think their is a clear answer yet. These last two weeks have shaken up the entire structure and butterflylabs will be putting in their rigs soon but their competitors already have theirs in place. It's all a dice game, I would say don't invest what you are not willing to lose and make the best of it.

Alexstrazsa

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From my very limited knowledge of Bitcoins and the methods of obtaining them (I know of FPGA and ASIC mining, but hell if I can put a rig together), I'd guess that it's only going to get harder. Once ASIC units start actually being produced and become mainstream in the bitcoin world, the difficulty is going to skyrocket and GPU miners will probably be left in the dust.

digicoin

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So yesterday the difficulty was raised up 16%. The PPS rate goes down significantly. I earn much less PPS per day, not mentioned of instability of pools due to networks, DDOS attack, server ... Pool's uptime will never be 100%

If the difficulty goes up once again after 10 - 15 days, I think that I can earn about 2 - 2.5 USD per days which is unable to cover the expense (electricity and hardware only)

What do you think about it?

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