Topic: Wait for ASIC?... or build new GPU/FPGA rigs? (Read 2108 times)
everything depends on the price here
just invest all the money you have into btc and wait for them to be more worth
People need to stop hoarding bitcoin, if you don't plan on using it properly you shouldnt get into it imo.
we need more genuine enthusiasts to join the community and push into to the next realm.
Batch #1 of the Avalons shipped 300 units and the majority of them have been delivered. And even with those couple of hundred who are currently using ASICS have shot the difficulty up,
Yes, it is my understanding that Avalon are the ONLY ASIC provider that have currently shipped... Period!
From reading various message boards it seems the general consensus is that other ASIC rig providers are just looking to use funds from orders to create machines for themselves, whether that is paranoia or not who knows, until other companies ship there *could* be come truth in the accusations.
Agreed. IMO, the fact that Avalons have been shipped is a huge reason that people may still have faith in the other companies. But I'm not believing anything until I actually see legitimate proof. That stupid 1993 quality video of their offices that BSL released has only increased the possibility of them being a scam, I think.
And not only that - to add insult to injury Avalon prices are a COMPLETE NONSENSE! 75 BTC even at today's rate of about $75/BTC makes roughly $7K. AND they're sold out.
Looking on eBay - they go for about $10-15k (talking about the 60GH/s model).
At those prices it's no wonder people aren't rushing into buying them.
AND also BFL have delayed theirs yet again ... makes you wonder - trying to limit the competition? Or just use the hardware for them for a while? (e.g. confirming what was said earlier)
just invest all the money you have into btc and wait for them to be more worth
People need to stop hoarding bitcoin, if you don't plan on using it properly you shouldnt get into it imo.
To be honest - I suspect majority of the people do exactly that - hoard them and wait for the better times.
And after all - what else can you do with your bitcoins? (other than black-market usage)
Currently they're not quite useful - I'd say they're rather quite useless. The few things that you could buy with BTC you could buy with money at a much cheaper price.
Hard cash is still a great competitor to BTCs.
Hopefully things will change though...
I was looking into other currency but with litecoin there is nothing you can do besides buy, sell, or hoard them. You can't buy any products like you can with bitcoin. Do you see companies accepting these in the future? Seems like bitcoin is paving the way in a sense but they are having a hard time getting companies to follow also. I just don't see them going mainstream, but then again I could make some real money if they do. Tough decision to throw something at them and see what happens in 5 years.
I have heard of a site that accepts LTC (Atlantis), although I have never used it, so I have no clue what they would have to purchase... but you always have the option to convert your LTC to BTC and pay for items using BTC 
Batch #1 of the Avalons shipped 300 units and the majority of them have been delivered. And even with those couple of hundred who are currently using ASICS have shot the difficulty up,
Yes, it is my understanding that Avalon are the ONLY ASIC provider that have currently shipped... Period!
From reading various message boards it seems the general consensus is that other ASIC rig providers are just looking to use funds from orders to create machines for themselves, whether that is paranoia or not who knows, until other companies ship there *could* be come truth in the accusations.
Are they producing what was advertised? Heard it was something around 400 btc a week?
Honestly don't know, I saw a review somewhere on a different board (don't recall which one) that said it was pretty close to what was advertised but not close enough.
I guess it ultimately depends on a users individual settings though, we have been playing with a range of GPU units were about to start marketing and the hash rates have a variance of around 100-200MH/s on the low end models and upwards of 800MH/s on high end model. The cooling requirements and clock speeds depend on how high the MH/s is on GPU models though, even 2 people using a 7970 GPU can have a wide variance depending on their individual setup and which mining client is deployed.
Sounds like a little tweaking and they could come pretty close, also wouldn't they have to take in effect the difficulty going up once more people starting running their ASIC?
Appreciate you taking the time to answer my newbie questions, just trying to get my info right so we I tell people I can give accurate information.
I'm a newbie myself all things considered, have just been reading a variety of forums about topics relating to bitcoins so take what I say as just my opinion #disclaimer
But yes, once difficulty increases the costs associated with mining will also increase as the profitability will decrease (over time) the only good thing about the ASIC systems, when they do finally ship, is that those whom invested the money in them should in theory, be able to get a jump up the proverbial ladder. Until then if you can afford it, go the GPU route and have as many rigs mining as possible, not just bitcoins but also litecoins and any other type of cryptcurrency to minimize your losses and maximize your mining potentials.
I was looking into other currency but with litecoin there is nothing you can do besides buy, sell, or hoard them. You can't buy any products like you can with bitcoin. Do you see companies accepting these in the future? Seems like bitcoin is paving the way in a sense but they are having a hard time getting companies to follow also. I just don't see them going mainstream, but then again I could make some real money if they do. Tough decision to throw something at them and see what happens in 5 years.
Agreed.
I look at it like this though, the only *ASIC* that has shipped is only available to mine BTC, for *me* on a personal level, that is too much like putting all my eggs in one basket.
We have a couple of GPU setups running currently and we're also using them to mine LTC in addition to BTC (yes, it cuts down the profit potentials of each but also spreads risk), even if it takes 5 years for LTC to increase in value, we have 5 yrs worth of mined LTC on hand whilst profiting off the BTC mining almost instantly.
ASIC All the way, worth the investment, ditch your GPU now.
Batch #1 of the Avalons shipped 300 units and the majority of them have been delivered. And even with those couple of hundred who are currently using ASICS have shot the difficulty up,
Yes, it is my understanding that Avalon are the ONLY ASIC provider that have currently shipped... Period!
From reading various message boards it seems the general consensus is that other ASIC rig providers are just looking to use funds from orders to create machines for themselves, whether that is paranoia or not who knows, until other companies ship there *could* be come truth in the accusations.
Are they producing what was advertised? Heard it was something around 400 btc a week?
Honestly don't know, I saw a review somewhere on a different board (don't recall which one) that said it was pretty close to what was advertised but not close enough.
I guess it ultimately depends on a users individual settings though, we have been playing with a range of GPU units were about to start marketing and the hash rates have a variance of around 100-200MH/s on the low end models and upwards of 800MH/s on high end model. The cooling requirements and clock speeds depend on how high the MH/s is on GPU models though, even 2 people using a 7970 GPU can have a wide variance depending on their individual setup and which mining client is deployed.
Sounds like a little tweaking and they could come pretty close, also wouldn't they have to take in effect the difficulty going up once more people starting running their ASIC?
Appreciate you taking the time to answer my newbie questions, just trying to get my info right so we I tell people I can give accurate information.
I'm a newbie myself all things considered, have just been reading a variety of forums about topics relating to bitcoins so take what I say as just my opinion #disclaimer
But yes, once difficulty increases the costs associated with mining will also increase as the profitability will decrease (over time) the only good thing about the ASIC systems, when they do finally ship, is that those whom invested the money in them should in theory, be able to get a jump up the proverbial ladder. Until then if you can afford it, go the GPU route and have as many rigs mining as possible, not just bitcoins but also litecoins and any other type of cryptcurrency to minimize your losses and maximize your mining potentials.
I was looking into other currency but with litecoin there is nothing you can do besides buy, sell, or hoard them. You can't buy any products like you can with bitcoin. Do you see companies accepting these in the future? Seems like bitcoin is paving the way in a sense but they are having a hard time getting companies to follow also. I just don't see them going mainstream, but then again I could make some real money if they do. Tough decision to throw something at them and see what happens in 5 years.
Batch #1 of the Avalons shipped 300 units and the majority of them have been delivered. And even with those couple of hundred who are currently using ASICS have shot the difficulty up,
Yes, it is my understanding that Avalon are the ONLY ASIC provider that have currently shipped... Period!
From reading various message boards it seems the general consensus is that other ASIC rig providers are just looking to use funds from orders to create machines for themselves, whether that is paranoia or not who knows, until other companies ship there *could* be come truth in the accusations.
Are they producing what was advertised? Heard it was something around 400 btc a week?
Honestly don't know, I saw a review somewhere on a different board (don't recall which one) that said it was pretty close to what was advertised but not close enough.
I guess it ultimately depends on a users individual settings though, we have been playing with a range of GPU units were about to start marketing and the hash rates have a variance of around 100-200MH/s on the low end models and upwards of 800MH/s on high end model. The cooling requirements and clock speeds depend on how high the MH/s is on GPU models though, even 2 people using a 7970 GPU can have a wide variance depending on their individual setup and which mining client is deployed.
Sounds like a little tweaking and they could come pretty close, also wouldn't they have to take in effect the difficulty going up once more people starting running their ASIC?
Appreciate you taking the time to answer my newbie questions, just trying to get my info right so we I tell people I can give accurate information.
I'm a newbie myself all things considered, have just been reading a variety of forums about topics relating to bitcoins so take what I say as just my opinion #disclaimer
But yes, once difficulty increases the costs associated with mining will also increase as the profitability will decrease (over time) the only good thing about the ASIC systems, when they do finally ship, is that those whom invested the money in them should in theory, be able to get a jump up the proverbial ladder. Until then if you can afford it, go the GPU route and have as many rigs mining as possible, not just bitcoins but also litecoins and any other type of cryptcurrency to minimize your losses and maximize your mining potentials.
Batch #1 of the Avalons shipped 300 units and the majority of them have been delivered. And even with those couple of hundred who are currently using ASICS have shot the difficulty up,
Yes, it is my understanding that Avalon are the ONLY ASIC provider that have currently shipped... Period!
From reading various message boards it seems the general consensus is that other ASIC rig providers are just looking to use funds from orders to create machines for themselves, whether that is paranoia or not who knows, until other companies ship there *could* be come truth in the accusations.
Are they producing what was advertised? Heard it was something around 400 btc a week?
Honestly don't know, I saw a review somewhere on a different board (don't recall which one) that said it was pretty close to what was advertised but not close enough.
I guess it ultimately depends on a users individual settings though, we have been playing with a range of GPU units were about to start marketing and the hash rates have a variance of around 100-200MH/s on the low end models and upwards of 800MH/s on high end model. The cooling requirements and clock speeds depend on how high the MH/s is on GPU models though, even 2 people using a 7970 GPU can have a wide variance depending on their individual setup and which mining client is deployed.
Sounds like a little tweaking and they could come pretty close, also wouldn't they have to take in effect the difficulty going up once more people starting running their ASIC?
Appreciate you taking the time to answer my newbie questions, just trying to get my info right so we I tell people I can give accurate information.
Batch #1 of the Avalons shipped 300 units and the majority of them have been delivered. And even with those couple of hundred who are currently using ASICS have shot the difficulty up,
Yes, it is my understanding that Avalon are the ONLY ASIC provider that have currently shipped... Period!
From reading various message boards it seems the general consensus is that other ASIC rig providers are just looking to use funds from orders to create machines for themselves, whether that is paranoia or not who knows, until other companies ship there *could* be come truth in the accusations.
Are they producing what was advertised? Heard it was something around 400 btc a week?
Honestly don't know, I saw a review somewhere on a different board (don't recall which one) that said it was pretty close to what was advertised but not close enough.
I guess it ultimately depends on a users individual settings though, we have been playing with a range of GPU units were about to start marketing and the hash rates have a variance of around 100-200MH/s on the low end models and upwards of 800MH/s on high end model. The cooling requirements and clock speeds depend on how high the MH/s is on GPU models though, even 2 people using a 7970 GPU can have a wide variance depending on their individual setup and which mining client is deployed.
Mine BTC using a sick GPU rig fornow, then when ASICS come out move the GPU rig over to LTC.
Batch #1 of the Avalons shipped 300 units and the majority of them have been delivered. And even with those couple of hundred who are currently using ASICS have shot the difficulty up,
Yes, it is my understanding that Avalon are the ONLY ASIC provider that have currently shipped... Period!
From reading various message boards it seems the general consensus is that other ASIC rig providers are just looking to use funds from orders to create machines for themselves, whether that is paranoia or not who knows, until other companies ship there *could* be come truth in the accusations.
Are they producing what was advertised? Heard it was something around 400 btc a week?
If you already have the gear and pay next to nothing for electricity, then mine with GPU until the well dries up.
I'm currently like you with a number of computers mining away in a location where I don't have to pay for the electricity. A hashrate of 4000mhps is currently getting me approx. $900 a month at difficulty 7673000. (that's assuming I sell my coins at about $120 each.). I also have a spreadsheet to help me estimate earnings at various difficulties.
Assuming exchange rates stay the same, 4000mhps gets you:
Difficulty (x1) 7,673,000: $918.89 per/month
Difficulty (x2) 15,346,000: $459.44 p/m
Difficulty (x3) 23,019,000: $306.30 p/m
Difficulty (x4) 30,692,000: $229.72 p/m
Difficulty (x5) 38,365,000: $183.78 p/m
Difficulty (x10) 76,730000: $91.89 p/m
Difficulty (x50) 383,650,000: $18.38 p/m
So... anyone who has to pay overheads then it's not worth it. But if you already have computers and cards and don't pay the bills, then there's still money to be had. I guess it just depends how quickly the difficulty rises. I haven't modelled that yet to find out how long I can keep going. It all depends on how quickly the ASICs get going.
I'm currently like you with a number of computers mining away in a location where I don't have to pay for the electricity. A hashrate of 4000mhps is currently getting me approx. $900 a month at difficulty 7673000. (that's assuming I sell my coins at about $120 each.). I also have a spreadsheet to help me estimate earnings at various difficulties.
Assuming exchange rates stay the same, 4000mhps gets you:
Difficulty (x1) 7,673,000: $918.89 per/month
Difficulty (x2) 15,346,000: $459.44 p/m
Difficulty (x3) 23,019,000: $306.30 p/m
Difficulty (x4) 30,692,000: $229.72 p/m
Difficulty (x5) 38,365,000: $183.78 p/m
Difficulty (x10) 76,730000: $91.89 p/m
Difficulty (x50) 383,650,000: $18.38 p/m
So... anyone who has to pay overheads then it's not worth it. But if you already have computers and cards and don't pay the bills, then there's still money to be had. I guess it just depends how quickly the difficulty rises. I haven't modelled that yet to find out how long I can keep going. It all depends on how quickly the ASICs get going.
the whole point of bitcoins is nt jus to mine horde n exhange for hard currencies, bt to replace them by trading with bitcoins for products whether their pizzas or electronic goods 
so get in on asics for the long run we all should endeavour to make bitcoin a major game changer in world finance
so get in on asics for the long run we all should endeavour to make bitcoin a major game changer in world finance I agree with this notion but I can't recommend that someone purchase an ASIC unless they have that type of disposable income. And if someone does have anywhere from 5-20K to play with, it's not a problem but that also means that the rich can still control the flow of currency by simply purchasing these machines that most people can't afford. One of the flaws in the system, if you ask me. This is only exacerbated when the next level of mining tech is released for even more money.
And let's face it, 80% of the miners want to hoard and hopefully increase their riches. A small few are investing in the tech because they believe in BTC.
the whole point of bitcoins is nt jus to mine horde n exhange for hard currencies, bt to replace them by trading with bitcoins for products whether their pizzas or electronic goods so get in on asics for the long run we all should endeavour to make bitcoin a major game changer in world finance
so get in on asics for the long run we all should endeavour to make bitcoin a major game changer in world finance Batch #1 of the Avalons shipped 300 units and the majority of them have been delivered. And even with those couple of hundred who are currently using ASICS have shot the difficulty up,
Yes, it is my understanding that Avalon are the ONLY ASIC provider that have currently shipped... Period!
From reading various message boards it seems the general consensus is that other ASIC rig providers are just looking to use funds from orders to create machines for themselves, whether that is paranoia or not who knows, until other companies ship there *could* be come truth in the accusations.
Agreed. IMO, the fact that Avalons have been shipped is a huge reason that people may still have faith in the other companies. But I'm not believing anything until I actually see legitimate proof. That stupid 1993 quality video of their offices that BSL released has only increased the possibility of them being a scam, I think.
Batch #1 of the Avalons shipped 300 units and the majority of them have been delivered. And even with those couple of hundred who are currently using ASICS have shot the difficulty up,
Yes, it is my understanding that Avalon are the ONLY ASIC provider that have currently shipped... Period!
From reading various message boards it seems the general consensus is that other ASIC rig providers are just looking to use funds from orders to create machines for themselves, whether that is paranoia or not who knows, until other companies ship there *could* be come truth in the accusations.
Batch #1 of the Avalons shipped 300 units and the majority of them have been delivered. And even with those couple of hundred who are currently using ASICS have shot the difficulty up,
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