Some people just don't get it. The fear of loosing profit blinds I guess...or maybe just trolling others.
Were you referencing my statement, or someone elses?
Topic: [Poll]Will you be switching to ASIC? - page 2. (Read 7207 times)
Some people just don't get it. The fear of loosing profit blinds I guess...or maybe just trolling others.
Were you referencing my statement, or someone elses?
If BFL does ship an ASIC, and the difficulty shoots up too high, I would rather quit mining than give a company like BFL any money.
Some people just don't get it. The fear of loosing profit blinds I guess...or maybe just trolling others.
Were you referencing my statement, or someone elses?
so this survey is a bit useless
An interesting question that I hope this poll will answer is what existing non-BFL FPGA miners will do.
Will they sell their device on the secondary market to recoup costs or continue mining because the incremental cost to do so is next-to-nothing?
so this survey is a bit useless
An interesting question that I hope this poll will answer is what existing non-BFL FPGA miners will do.
Will they sell their device on the secondary market to recoup costs or continue mining because the incremental cost to do so is next-to-nothing?
Yep I feel bad for the ones who paid bfl with bitcoins.
Bfl is probably using the capital to drive up bitcoin value only.. Then they can easily say oops we screwed up here's a refund of your 1300 or the equivalent value of bitcoins at that time.
Bfl is probably using the capital to drive up bitcoin value only.. Then they can easily say oops we screwed up here's a refund of your 1300 or the equivalent value of bitcoins at that time.
How about "I'll switch to ASIC when it's not speculative vaporware".
This is probably what i'm going to doIf ASICs are real then it won't be a choice, either you get one or you are better don't mine (so this survey is a bit useless, if you will really be able to get 40GH/s for 1300$ then mining with gpu or fpga will be useless) but paying now for something wich doesn't exist doesn't convince me..
I currently mine with 14 5870, 3 5970s and a 5850.
Of these, 10 5870s are watercooled and generate hot water as well as Bitcoins.
I am in the UK, Power costs £0.11 by day and half that overnight.
Assuming that BFL's hardware really comes into existence in October, it is likely that there will be a period of a few months while they ship the pre-ordered units, during which time the difficulty can be expected to rise fairly rapidly. We are expecting the block reward to drop to 25 in December. Assuming that the value of the Bitcoin fails to double at this time, that may well be the point in time when I reluctantly turn off my miners. I intend to mine right up to the bitter end, undervolting my GPUs to increase efficiency and ultimately mining only overnight when the power is cheaper.
And after that?
Maybe start another alternative blockchain with a hashing scheme designed to run on GPUs, but different enough that BFL's ASICs can't handle it...
Of course, the value of Bitcoins might continue to rise, such that GPUs might still make profit.
Or BFL might go tits up - maybe the top dog there will do a runner with all the cash from pre-orders.
Or something else.
Summary: Wait and see.
Ill probably not be mining in a year. I have 21 video cards and 1 BFLsingle running right now. Once my cards no longer turn a profit I will sell all that hardware off. I will probably do a trade up if it seems like its worth the extra cost, but I'm not too keen on dumping a bunch of money on ASIC.
I'm going to start GPU mining up again when the 7990 comes out, but I'll be mining Litecoins.
How about "I'll switch to ASIC when it's not speculative vaporware".
I'll be switching my gpu's over to LTC when my 8 jalapenos arrive
Dare I ask why 8 jal?
The price of 8 jal is equiv. to a Single, yet your producing 28 Gh/s as opposed to 40Gh/s. you're paying the same price for less hashing.
Im just curious because Im considering the investment myself.
1. My actualy BFL Single FPGA (first generation) is pretty loud, the coffe warmer I expect to be more quiet.
2. I plan to invest in a ASIC Mini Rig asap, after that I can spread my jal around to "spread the word" and get my family and friends into bitcoin, too.
I'll be switching my gpu's over to LTC when my 8 jalapenos arrive
Dare I ask why 8 jal?
The price of 8 jal is equiv. to a Single, yet your producing 28 Gh/s as opposed to 40Gh/s. you're paying the same price for less hashing.
Im just curious because Im considering the investment myself.
Im currently a casual gpu miner w/ only 1.7gh or so. While the current unknown future of btc mining is at hand, i think i will just wait to see when asic companies actually deliver, and adopt to asic when they become more mainstream. In the meantime ill run my gpu's aslong as profitable =)
Depending on the cost to ship back the single that is on its way to me, I might end up mining with GPU,FPGA and ASIC. On some of my computers its like running SETI or Folding, its a drop in the ocean, but costs me nothing and will help the community/economy.
I am sure I will sell some GPUs on my dedicated rig.
I am sure I will sell some GPUs on my dedicated rig.
I feel like people who post in this thread need to first state their reasoning for mining bitcoins:
Profit vs. "The good of the coin"
If you're in BTC for profitability, then ASIC is the end of the casual miner.
If you're in BTC for the good of the coin, then ASIC is a casual miner's wet dream.
Profit vs. "The good of the coin"
If you're in BTC for profitability, then ASIC is the end of the casual miner.
If you're in BTC for the good of the coin, then ASIC is a casual miner's wet dream.
No, I believe it ends on March 1st. After that tough noogies. 
So their trade up program starts in 7 months ? I could never get a woody for something so far away...
There is a surprising amount of people who will continue to mine with GPUs despite the impending large leaps of difficulty due to ASICs.
Ahahahah, this is bullshit.
While I respect your opinion, I think you're dead wrong.
Now you need to get a decent setup if you want to mine efficiently, so a decent GPU, right drivers and so on
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