Topic: well i stopped mining yesterday (Read 3973 times)
I still have my one little GPU running even though it only mines about .01 BTC a day. Why? Because it does add up, it helps the network (even if it's a tiny bit), and the costs are small. And hell, .01BTC is worth more than an infinite number of any other coin and is probably more productive than anything else I'd do with it
Good - more Bitcoins for me and my GPU's!
Interesting that not selling gpus for asic seed money to be first in line might end up being the best play. It is almost 6 months of mining now since bfl started taking orders while the price has been great. Asics might come out in a rush and we can still get them right after everyone else does who ordered months ago give or take a month or so. Only a lucky few can make upto 6 months of mining in days/weeks.
That is about the only play that made sense. I have not done the math yet but the last 6 months have been pretty good to me. To have ordered 3 months ago lets say... Might be a very poor move instead of just keep on keep on with gpus.
On the downside, they aren't worth as much anymore. I sold mine for $850/ea. Today, I'd be lucky to get $450 each. So that's a $1,200 drop in value, bringing the difference down to $1086.22.
On top of that, I wouldn't have had a first-day preorder of BFL's ASICs if I hadn't sold them.
The question remains, will having two of the first BFL ASICs net me at least $1,086 more than I would have vs ordering two ASICs today? I certainly believe it will, but only time will tell...
Good - more Bitcoins for me and my GPU's!
Interesting that not selling gpus for asic seed money to be first in line might end up being the best play. It is almost 6 months of mining now since bfl started taking orders while the price has been great. Asics might come out in a rush and we can still get them right after everyone else does who ordered months ago give or take a month or so. Only a lucky few can make upto 6 months of mining in days/weeks.
That is about the only play that made sense. I have not done the math yet but the last 6 months have been pretty good to me. To have ordered 3 months ago lets say... Might be a very poor move instead of just keep on keep on with gpus.
Good - more Bitcoins for me and my GPU's!
Interesting that not selling gpus for asic seed money to be first in line might end up being the best play. It is almost 6 months of mining now since bfl started taking orders while the price has been great. Asics might come out in a rush and we can still get them right after everyone else does who ordered months ago give or take a month or so. Only a lucky few can make upto 6 months of mining in days/weeks.
Good - more Bitcoins for me and my GPU's!
Interesting that not selling gpus for asic seed money to be first in line might end up being the best play. It is almost 6 months of mining now since bfl started taking orders while the price has been great. Asics might come out in a rush and we can still get them right after everyone else does who ordered months ago give or take a month or so. Only a lucky few can make upto 6 months of mining in days/weeks.
Good - more Bitcoins for me and my GPU's!
you can always donate those cycles to folding at home or world community grid.. just think of the energy cost as a donation to charity
You can also donate those free cycles to bitcoin....just think of the energy cost as a donation to a good cause.Actually, that's exactly what brought me into bitcoin in the first place,
when i started mining on my CPUs in early 2010 i never thought that i'd make any money off of it, i only did it because i thought this "become your own bank in a p2p-network"-thing was a way better cause to donate my CPU-cycles to, than folding proteins or looking for ET.
Diff going down. Keep up the good work quitters! :-)
I´m still running a 2x5970 and a 3x5850 on "free" electricity but it´s really a lost cause even if i make a few bucks a day.
I will keep mining until the ASICS put me out of business in January-February. It will be a sad day...
I will keep mining until the ASICS put me out of business in January-February. It will be a sad day...
you can always donate those cycles to folding at home or world community grid.. just think of the energy cost as a donation to charity
I'd love to, so long as I can write off that donation on my taxes this year
I have one rig at free electricity, and its doing other jobs too, so i am not cuting that thing off. At home i have lowered core clock and memory to minimum and its not giving me big loses anyways.
I've cut off my GPUs as well. They were only marginally profitable before, but now it's nothing but a loss thanks to energy costs. Maybe if the difficulty gets low enough (or BTC price gets high enough) I might consider it again 
you can always donate those cycles to folding at home or world community grid.. just think of the energy cost as a donation to charity
I've cut off my GPUs as well. They were only marginally profitable before, but now it's nothing but a loss thanks to energy costs. Maybe if the difficulty gets low enough (or BTC price gets high enough) I might consider it again
No, I'm not shutting mine off. I'm heating my apartment with my rigs right now. As of right now, they are providing free heating along with some coins. Once ASIC hits, I'm switching over to LTC. I have some BFL products on the way whenever they ship, so I'll be mining BTC and LTC in the near future, while getting some free heating. Woohoo!
Last I heard (2 days ago), LTC was less profitable than BTC. Remember, everyone and their grandma jumped over to LTC when the Halving occurred. So it makes sense.
this changes a couple of times a week.. its been substantially more profitable ($8/day for me vs $5/day with 2.6 ghash worth of gpu's.
tomorrow morning it is going to go back up again and be worth about the same.
I stopped running gpus, still have 16 spartans "at it".. propably running to a difficulty of ~30 million.
I've noticed a drop off myself on Deepbit. I've noticed I've gone from a 0.18% contribution to a 0.25% contribution to the pool in the last 48 hours or so fwiw.
How about ppcoin? Still some profit right?
No, I'm not shutting mine off. I'm heating my apartment with my rigs right now. As of right now, they are providing free heating along with some coins. Once ASIC hits, I'm switching over to LTC. I have some BFL products on the way whenever they ship, so I'll be mining BTC and LTC in the near future, while getting some free heating. Woohoo!
Last I heard (2 days ago), LTC was less profitable than BTC. Remember, everyone and their grandma jumped over to LTC when the Halving occurred. So it makes sense.
No, I'm not shutting mine off. I'm heating my apartment with my rigs right now. As of right now, they are providing free heating along with some coins. Once ASIC hits, I'm switching over to LTC. I have some BFL products on the way whenever they ship, so I'll be mining BTC and LTC in the near future, while getting some free heating. Woohoo!
Last I heard (2 days ago), LTC was less profitable than BTC. Remember, everyone and their grandma jumped over to LTC when the Halving occurred. So it makes sense.
No, I'm not shutting mine off. I'm heating my apartment with my rigs right now. As of right now, they are providing free heating along with some coins. Once ASIC hits, I'm switching over to LTC. I have some BFL products on the way whenever they ship, so I'll be mining BTC and LTC in the near future, while getting some free heating. Woohoo!
Same here, plus it's cold here. I tried shutting down the miners, it was weird.
I still got my Single going. I'll keep my GPU going for a little bit, until ASICs hit. I was concerned that the shortened life of the card might not be worth the piddley squat it's making in coins, but I run it undervolted and high fan speeds, so temps arn't even into the 60s, so I'm not that concerned.
I wonder how many other small time miners pulled the plug this week. Decided to have use of my desktop again for my music and DJ hobby.
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