Pakistan - page 1165. | Bitcointalksearch.org

nawazish1

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PXC Research Team

Quote from: Abdussamad on February 18, 2014, 10:56:31 AM

Yeah, well, there has been some development in this regard now. Prices have gone down. You can get a 3MH/s setup for $2400 + shipping + customs. It will consume < 100W!

https://bitcointalksearch.org/topic/group-buyworldwide-gridseed-dual-miner-is-available-235group1-200pcs-472480

This is just 1st gen. I can only imagine what will be available 3 months from now.

No problem Time to mine Srypt-N now. Cheesy

Well for a side note it still is not a very great achievement even if the power is 100 Watts. We can still make a GPU rig of 3MH/s with that much price. The only saving here is the electricity cost. Lets see what happens in three months. The main and the only change these ASICS will bring at the end is more secure networks for alts thus more investment. And we all know what effect investment will have on this ecosystem.

Abdussamad

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Quote from: awais3344 on February 17, 2014, 04:46:58 AM

Quote from: Abdussamad on February 17, 2014, 04:23:12 AM

Quote from: awais3344 on February 17, 2014, 03:54:58 AM

actually, there are many sha256 coins released these days. They are more profitable to mine than bitcoin. namecoin has high difficulty, but its less profitable than bitcoin tho

I see. I didn't know that. Which SHA256 alt coins are more profitable than BTC?

takiecoin. it was released previous week(s) and have been sold as more profitable than bitcoin

I don't think you can compare bitcoin to a 1 week old coin.

Abdussamad

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Yeah, well, there has been some development in this regard now. Prices have gone down. You can get a 3MH/s setup for $2400 + shipping + customs. It will consume < 100W!

https://bitcointalksearch.org/topic/group-buyworldwide-gridseed-dual-miner-is-available-235group1-200pcs-472480

This is just 1st gen. I can only imagine what will be available 3 months from now.

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: Abdussamad on February 17, 2014, 02:32:00 AM

Quote from: awais3344 on February 17, 2014, 02:16:29 AM

Actually if scrypt asic miners come out. Coins that we have mined now will be worth a lot more. And I think bigger and cheaper scrypt asic miners will launch at the end of 2014. i am not totally sure though. litecoin was launched in 2011, its enough time to make a cost effective machine within this time.

Well they are already out but the performance so far has been underwhelming. It's not like the SHA-256 ASICs that delivered 10x the hashing power overnight.

The other thing is that litecoin and other scrypt coins compete with one another. So even with ASICs the difficulty increase will be diluted across all these different coins. OTOH when it comes to SHA256 there is more or less only bitcoin. The rest of SHA-256 coins are just nowhere near the size of btc.

This is the reason I don't really care about Asics for Scrypt. There are so many coins that it won't effect the profit at large scale for GPU miners. Also Scrypt Asics are not as profitable as Sha256 asics so it is gonna take lots of time for them to go mainstream. I could be wrong though.

awais3344

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Quote from: Abdussamad on February 17, 2014, 04:23:12 AM

Quote from: awais3344 on February 17, 2014, 03:54:58 AM

actually, there are many sha256 coins released these days. They are more profitable to mine than bitcoin. namecoin has high difficulty, but its less profitable than bitcoin tho

I see. I didn't know that. Which SHA256 alt coins are more profitable than BTC?

takiecoin. it was released previous week(s) and have been sold as more profitable than bitcoin

Abdussamad

legendary

Activity: 3710

Merit: 1586

Quote from: awais3344 on February 17, 2014, 03:54:58 AM

actually, there are many sha256 coins released these days. They are more profitable to mine than bitcoin. namecoin has high difficulty, but its less profitable than bitcoin tho

I see. I didn't know that. Which SHA256 alt coins are more profitable than BTC?

awais3344

sr. member

Activity: 308

Merit: 250

Quote from: Abdussamad on February 17, 2014, 02:32:00 AM

Quote from: awais3344 on February 17, 2014, 02:16:29 AM

Actually if scrypt asic miners come out. Coins that we have mined now will be worth a lot more. And I think bigger and cheaper scrypt asic miners will launch at the end of 2014. i am not totally sure though. litecoin was launched in 2011, its enough time to make a cost effective machine within this time.

Well they are already out but the performance so far has been underwhelming. It's not like the SHA-256 ASICs that delivered 10x the hashing power overnight.

The other thing is that litecoin and other scrypt coins compete with one another. So even with ASICs the difficulty increase will be diluted across all these different coins. OTOH when it comes to SHA256 there is more or less only bitcoin. The rest of SHA-256 coins are just nowhere near the size of btc.

actually, there are many sha256 coins released these days. They are more profitable to mine than bitcoin. namecoin has high difficulty, but its less profitable than bitcoin tho

Abdussamad

legendary

Activity: 3710

Merit: 1586

Quote from: awais3344 on February 17, 2014, 02:16:29 AM

Actually if scrypt asic miners come out. Coins that we have mined now will be worth a lot more. And I think bigger and cheaper scrypt asic miners will launch at the end of 2014. i am not totally sure though. litecoin was launched in 2011, its enough time to make a cost effective machine within this time.

Well they are already out but the performance so far has been underwhelming. It's not like the SHA-256 ASICs that delivered 10x the hashing power overnight.

The other thing is that litecoin and other scrypt coins compete with one another. So even with ASICs the difficulty increase will be diluted across all these different coins. OTOH when it comes to SHA256 there is more or less only bitcoin. The rest of SHA-256 coins are just nowhere near the size of btc.

awais3344

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Activity: 308

Merit: 250

Quote from: Abdussamad on February 16, 2014, 10:01:48 PM

Quote from: nawazish1 on February 15, 2014, 03:34:30 AM

Quote from: hwaleed on February 15, 2014, 03:29:47 AM

If in future difficulties of every crypto currency start rising then it's means new and more heavy hardware will be needed??

That is more likely the case But with increasing Difficulty there will be a increase in price as well. And also it is gonna take months before it all happens. But it will only happen if the Scrypt ASICS come out. That I highly doubt even exist. Also we already have 70-80% miners that switched from BTC after ASICS came so until there are no ASICS for Scrypt we are good to go.

1st gen scrypt asics are already out. Reputable people have received units, put up reviews, group buys have concluded. It is legit unlike the early days of bitcoin asics. Check the mining hardware section and look for dualminer, asiabtc, lightning asic etc. Prices are too high though. You'll really feel the pinch when 2nd and 3rd gen chips get out.

Mind you GPU mining won't die. People like you will just switch to memorycoin and the like i.e. non-scrypt, non-sha256 alt coins.

Actually if scrypt asic miners come out. Coins that we have mined now will be worth a lot more. And I think bigger and cheaper scrypt asic miners will launch at the end of 2014. i am not totally sure though. litecoin was launched in 2011, its enough time to make a cost effective machine within this time.

Abdussamad

legendary

Activity: 3710

Merit: 1586

Quote from: nawazish1 on February 15, 2014, 03:34:30 AM

Quote from: hwaleed on February 15, 2014, 03:29:47 AM

If in future difficulties of every crypto currency start rising then it's means new and more heavy hardware will be needed??

That is more likely the case But with increasing Difficulty there will be a increase in price as well. And also it is gonna take months before it all happens. But it will only happen if the Scrypt ASICS come out. That I highly doubt even exist. Also we already have 70-80% miners that switched from BTC after ASICS came so until there are no ASICS for Scrypt we are good to go.

1st gen scrypt asics are already out. Reputable people have received units, put up reviews, group buys have concluded. It is legit unlike the early days of bitcoin asics. Check the mining hardware section and look for dualminer, asiabtc, lightning asic etc. Prices are too high though. You'll really feel the pinch when 2nd and 3rd gen chips get out.

Mind you GPU mining won't die. People like you will just switch to memorycoin and the like i.e. non-scrypt, non-sha256 alt coins.

faiza1990

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★☆★777Coin★☆★

now its long time btc-e and MT Gox both facing many problems and just because of these big whales many problems growing for bitcoiners

nawazish1

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Activity: 462

Merit: 250

PXC Research Team

Quote from: awais3344 on February 16, 2014, 08:58:56 AM

Quote from: nawazish1 on February 16, 2014, 08:47:24 AM

Quote from: awais3344 on February 16, 2014, 08:45:08 AM

Quote from: nawazish1 on February 16, 2014, 08:39:06 AM

Quote from: awais3344 on February 16, 2014, 08:28:44 AM

its time to gamble your money in trading Grin

i bought 70 namecoin. let's see. Its so underpriced right now. time to stash.

Goodluck with that.

though its a gamble to buy in while mtgox is dying and bitcoin is being sold in huge amounts. Worth the risk tho Cool

MTGox will be back soon. If it dies BTC will have a negative impact on new users and it will be doomed for some time. So I am sure Mtgox will be back.

what mtgox reported made no sense to me, And I think it was some shitty made up story. Damn, they disabled withdrawals, and only thing you could literally do on mtgox was sell, sell and sell

Believe it or not people still think of it as the biggest BTC exchange mostly new users. I have never used it due to it's negative reputation. The report it made at first was thought to be made up but later it turned out the they were true. Most of the exchanges are having a transaction Malleability issue. Bitstamp got it solved. MTgox still trying to figure it out.

awais3344

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Activity: 308

Merit: 250

Quote from: nawazish1 on February 16, 2014, 08:47:24 AM

Quote from: awais3344 on February 16, 2014, 08:45:08 AM

Quote from: nawazish1 on February 16, 2014, 08:39:06 AM

Quote from: awais3344 on February 16, 2014, 08:28:44 AM

its time to gamble your money in trading Grin

i bought 70 namecoin. let's see. Its so underpriced right now. time to stash.

Goodluck with that.

though its a gamble to buy in while mtgox is dying and bitcoin is being sold in huge amounts. Worth the risk tho Cool

MTGox will be back soon. If it dies BTC will have a negative impact on new users and it will be doomed for some time. So I am sure Mtgox will be back.

what mtgox reported made no sense to me, And I think it was some shitty made up story. Damn, they disabled withdrawals, and only thing you could literally do on mtgox was sell, sell and sell

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: awais3344 on February 16, 2014, 08:45:08 AM

Quote from: nawazish1 on February 16, 2014, 08:39:06 AM

Quote from: awais3344 on February 16, 2014, 08:28:44 AM

its time to gamble your money in trading Grin

i bought 70 namecoin. let's see. Its so underpriced right now. time to stash.

Goodluck with that.

though its a gamble to buy in while mtgox is dying and bitcoin is being sold in huge amounts. Worth the risk tho Cool

MTGox will be back soon. If it dies BTC will have a negative impact on new users and it will be doomed for some time. So I am sure Mtgox will be back.

awais3344

sr. member

Activity: 308

Merit: 250

Quote from: nawazish1 on February 16, 2014, 08:39:06 AM

Quote from: awais3344 on February 16, 2014, 08:28:44 AM

its time to gamble your money in trading Grin

i bought 70 namecoin. let's see. Its so underpriced right now. time to stash.

Goodluck with that.

though its a gamble to buy in while mtgox is dying and bitcoin is being sold in huge amounts. Worth the risk tho Cool

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: awais3344 on February 16, 2014, 08:28:44 AM

its time to gamble your money in trading Grin

i bought 70 namecoin. let's see. Its so underpriced right now. time to stash.

Goodluck with that.

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: hwaleed on February 16, 2014, 08:22:52 AM

Look like Bitcoin legs have broken can't stand again on his original 900$ price Undecided

What happens with it?

Until Mtgox is not back you won't see BTC back on it's original price. This is only for people who have a high level of patience. I learned to be patient here.

awais3344

sr. member

Activity: 308

Merit: 250

its time to gamble your money in trading Grin

i bought 70 namecoin. let's see. Its so underpriced right now. time to stash.

hwaleed

jr. member

Activity: 48

Merit: 10

Look like Bitcoin legs have broken can't stand again on his original 900$ price Undecided

What happens with it?

saif92

sr. member

Activity: 392

Merit: 250

Quote from: faiza1990 on February 15, 2014, 06:33:48 AM

Quote from: ?? on ??

it's really pay bitcoin. U can try here

http://freebitco.in/?r=94277

please don't spam here all now about this its mostly waste of time

I check this site for almost one month and have nothing its really waste of time Wink

Topic: Pakistan - page 1165. (Read 6498478 times)