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
Topic: [Poll]Will you be switching to ASIC? - page 3. (Read 7207 times)
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
It was moved to March 1st I believe.
My intentions are to mine my GPU's and BFL FPGA's into the ground until the bitter end (read: not-profitable). Once/If this point has come, I'll just shut-down entirely until BFL's deadline for the trade-up program approaches. I'll re-evaluate the current mining market at that point and act accordingly.
If I do switch to ASIC: I'll upgrade my two singles but will probably wait for further purchases until there's a competitor on the market. While BFL's products are arguably the best out there, I have great reservations about supporting them any further. It's commonly said that the power is with the consumer as one can always vote with their wallet. Outside the upgrade, until they start operating like a proper respectable business, I'll take my money elsewhere.
If I do switch to ASIC: I'll upgrade my two singles but will probably wait for further purchases until there's a competitor on the market. While BFL's products are arguably the best out there, I have great reservations about supporting them any further. It's commonly said that the power is with the consumer as one can always vote with their wallet. Outside the upgrade, until they start operating like a proper respectable business, I'll take my money elsewhere.
When will be BFL's deadline for the trade-up program?
Other
It is an expensive investment to get over 800MH/s which produces about $80 a month for $600 initial investment. That would take 7-8 months to break even if the current return and bitcoin value remain the same but no one knows hence my Other response, not sure if investment is worth it
Investing in solar panels & setup should be worth it because it has more than one use
It is an expensive investment to get over 800MH/s which produces about $80 a month for $600 initial investment. That would take 7-8 months to break even if the current return and bitcoin value remain the same but no one knows hence my Other response, not sure if investment is worth it
Investing in solar panels & setup should be worth it because it has more than one use
Other.
I don't mine now, but have pre-ordered a single BFL coffee warmer.
Seems to me ASICs, done right, are increasing casual mining, not killing it.
I don't mine now, but have pre-ordered a single BFL coffee warmer.
Seems to me ASICs, done right, are increasing casual mining, not killing it.
True, now is definitely not the time to panic and make rash decisions. Wait for BFL to prove it has the high hand and then make your moves. Solid approach. 
Like I said... I'll wait it out and see how it pans out..... Not going to quit now because something might happen........ this is a hobby for me.. Something fun to tinker with when I am not working...
What's goign to happen if BFL releases their asic and they only perform at 10% of advertised speeds? I'll see it when I believe it
What's goign to happen if BFL releases their asic and they only perform at 10% of advertised speeds? I'll see it when I believe it
I'll continue to mine, I don't pay for power..... wait and see how things pan out....
Yeah, but how can you compete with a 10fold difficulty? I mean, say you have 20GH now, by then you will make roughly 1 BTC a day and that is without the reward halving. There is just no way to justify the costs.
I'll continue to mine, I don't pay for power..... wait and see how things pan out....
My intentions are to mine my GPU's and BFL FPGA's into the ground until the bitter end (read: not-profitable). Once/If this point has come, I'll just shut-down entirely until BFL's deadline for the trade-up program approaches. I'll re-evaluate the current mining market at that point and act accordingly.
If I do switch to ASIC: I'll upgrade my two singles but will probably wait for further purchases until there's a competitor on the market. While BFL's products are arguably the best out there, I have great reservations about supporting them any further. It's commonly said that the power is with the consumer as one can always vote with their wallet. Outside the upgrade, until they start operating like a proper respectable business, I'll take my money elsewhere.
If I do switch to ASIC: I'll upgrade my two singles but will probably wait for further purchases until there's a competitor on the market. While BFL's products are arguably the best out there, I have great reservations about supporting them any further. It's commonly said that the power is with the consumer as one can always vote with their wallet. Outside the upgrade, until they start operating like a proper respectable business, I'll take my money elsewhere.
signed
Since i do not own singles.... none from BFL.... ill mine with my Ztex cluster till the end. If by then, there is a competitor towards BFL ill have to evaluate what ill do.
Ahahahah, this is bullshit.
While I respect your opinion, I think you're dead wrong.
My intentions are to mine my GPU's and BFL FPGA's into the ground until the bitter end (read: not-profitable). Once/If this point has come, I'll just shut-down entirely until BFL's deadline for the trade-up program approaches. I'll re-evaluate the current mining market at that point and act accordingly.
If I do switch to ASIC: I'll upgrade my two singles but will probably wait for further purchases until there's a competitor on the market. While BFL's products are arguably the best out there, I have great reservations about supporting them any further. It's commonly said that the power is with the consumer as one can always vote with their wallet. Outside the upgrade, until they start operating like a proper respectable business, I'll take my money elsewhere.
If I do switch to ASIC: I'll upgrade my two singles but will probably wait for further purchases until there's a competitor on the market. While BFL's products are arguably the best out there, I have great reservations about supporting them any further. It's commonly said that the power is with the consumer as one can always vote with their wallet. Outside the upgrade, until they start operating like a proper respectable business, I'll take my money elsewhere.
I'll be switching my gpu's over to LTC when my 8 jalapenos arrive
I didn't take your personal options. I took the best brand new GPU based system bought directly from China and electricity costs of $0,035/kW. The best 'I' can get atm. Regardless of whether BFL ship in time, eventually they will.
I intend to keep GPU mining in addition to a BFL J ASIC. My goal is 1GH/s for GPUs. Currently at 0.8GH/s.
Are you going to heat your house, or water? Because otherwise it will be just a waste of electricity. Basically everyone who's planning to continue with either GPUs or FPGAs can be placed in "quit mining" section.
). The only way for GPU to be still profitable, is for btc to be $10+, and if you want to have same revenue as today, then it should be at $65+.So you were able to take into account all factors of my personal situation in your calculations? Impressive.
But yeah, thanks for elaborating. The unpredictability of the future is what makes me hesitant to invest much. I'm currently only purchasing equipment that has an ROI of <3 months at current exchange rate. That limits me to some used video cards and using only the motherboards I currently have on hand. There's no way I could build a new system or even source a full system of spare parts on kijiji with that kind of ROI currently.
I can't disagree that what you are saying is a possibility but... BFL always seemed to have long wait times and slow production and shipping. I think your ideas won't come to pass for a while. Unless perhaps they were only doing low-volume before to test the market? Then there is the unpredictability of the bitcoin value.
ASIC's will kill the casual miner. That's my opinion. It might take a year to pay off equipment, then each $150 basic asic might take another year to make $125. It wont be worth it without hundreds of thousands of dollars tied into it over years at a time. This is part of btc goin mainstream.
Ahahahah, this is bullshit. I'm curious to see what a 3.5 gh jalapeño will earn per month.....
Around $37, for the first few months I guess
For the first month but after the release of th units and when the dust settles .... 3.5 gh will be nothing at all (or am I wrong)
). Difficulty is a bit easier to estimate, but revenue also depends on your order position... I intend to keep GPU mining in addition to a BFL J ASIC. My goal is 1GH/s for GPUs. Currently at 0.8GH/s.
Are you going to heat your house, or water? Because otherwise it will be just a waste of electricity. Basically everyone who's planning to continue with either GPUs or FPGAs can be placed in "quit mining" section.
). The only way for GPU to be still profitable, is for btc to be $10+, and if you want to have same revenue as today, then it should be at $65+. I intend to keep GPU mining in addition to a BFL J ASIC. My goal is 1GH/s for GPUs. Currently at 0.8GH/s.
Are you going to heat your house, or water? Because otherwise it will be just a waste of electricity. Basically everyone who's planning to continue with either GPUs or FPGAs can be placed in "quit mining" section.
I'm curious to see what a 3.5 gh jalapeño will earn per month.....
Around $37, for the first few months I guess
For the first month but after the release of th units and when the dust settles .... 3.5 gh will be nothing at all (or am I wrong)
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