What to do with my GPUs when ASIC arrives? - page 2.

VeeMiner

hero member

Activity: 752

Merit: 500

bitcoin hodler

Quote from: VeeMiner on September 03, 2012, 12:25:19 PM

1. There is no MiniRig that does 40Ghash/s. It's called SC Single.
2. Your 40Ghash/s will be worth not much once the difficulty goes up so don't get too excited about mining with it.

sorry for the wrong name of the product. I meant SC single of course. I'm counting on the difficulty to go up by 15-20x, who knows, maybe more. It will still be profitable though. I'm just trying to make a point that lot of people write bad things about BFL, but it's a lot of baseless accusations.

I just came to bitcoin couple months ago and I really like the idea and I want to get a piece of the cake with the mining evolution that's going on right now...

ice_chill

sr. member

Activity: 336

Merit: 250

Quote from: VeeMiner on September 03, 2012, 12:25:19 PM

Quote from: AndrewBUD on August 06, 2012, 09:00:35 AM

Quote from: Gabi on August 06, 2012, 08:55:12 AM

Well this means nothing. Maybe they were ppl who bought enuff bitcoin with dollars to buy the ASIC, for them it doesn't matter if a btc is worth 5 or 10$

Yes, buying them at 5 and waiting until they are at 10 and then buying the ASIC is a good idea but it's called speculation. You would need a crystal ball to see the future to do that reliably Cheesy

speculation: these things will perform 10-20% of their advertised speeds, 40% will break within 4 months of receiving them. My e-peen will be the largest on the forum by the time this comes around

I can't wait for the time when my mini rig comes and I will mine with 40 Ghash/s and you will be left with your few petty GPUs, I can't wait to see your e-peen then Cheesy

. Anyway, I don't like that people are baselessly accusing BFL of scam. Let's just wait and see who is right in the end...

1. There is no MiniRig that does 40Ghash/s. It's called SC Single.
2. Your 40Ghash/s will be worth not much once the difficulty goes up so don't get too excited about mining with it.

ralree

hero member

Activity: 518

Merit: 500

Manateeeeeeees

Oh nice the forum has an ignore feature!

Goodbye, VeeMiner.

VeeMiner

hero member

Activity: 752

Merit: 500

bitcoin hodler

Quote from: AndrewBUD on August 06, 2012, 09:00:35 AM

Quote from: Gabi on August 06, 2012, 08:55:12 AM

Well this means nothing. Maybe they were ppl who bought enuff bitcoin with dollars to buy the ASIC, for them it doesn't matter if a btc is worth 5 or 10$

Yes, buying them at 5 and waiting until they are at 10 and then buying the ASIC is a good idea but it's called speculation. You would need a crystal ball to see the future to do that reliably Cheesy

speculation: these things will perform 10-20% of their advertised speeds, 40% will break within 4 months of receiving them. My e-peen will be the largest on the forum by the time this comes around

I can't wait for the time when my mini rig comes and I will mine with 40 Ghash/s and you will be left with your few petty GPUs, I can't wait to see your e-peen then Cheesy

. Anyway, I don't like that people are baselessly accusing BFL of scam. Let's just wait and see who is right in the end...

Comepradz

newbie

Activity: 49

Merit: 0

You could give it to me Grin

Go for science dude, Try for BOINC >> https://boinc.berkeley.edu/

Quote from: Gabi on August 05, 2012, 08:21:26 AM

Use them for science!

http://milkyway.cs.rpi.edu/milkyway/

That is one project that runs very well on ATI cards!

Milkyway@home is part of it. Cheers

abeaulieu

sr. member

Activity: 295

Merit: 250

Quote from: Insu Dra on August 19, 2012, 04:19:13 AM

why did I think of mountains of gold when I saw that ?
ugh, to bad cost still bigger then profit ...

Anny way, keep mining join a pool and be happy you have gpu's and not fpga's Grin

I'd rather have FPGA's because I'm an electrical engineer and leftover (unprofitable) FPGA hardware can just become some compute-heavy hardware for some projects

Insu Dra

full member

Activity: 182

Merit: 100

Quote from: abeaulieu on August 03, 2012, 10:44:44 AM

why did I think of mountains of gold when I saw that ?
ugh, to bad cost still bigger then profit ...

Anny way, keep mining join a pool and be happy you have gpu's and not fpga's Grin

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

Quote from: QiVX on July 19, 2012, 05:04:44 PM

Hey guys, as the title says:
What should I do with my GPUs when ASIC arrives?
And I want to make money, I already have contributed enough to Folding@Home.

Cheers

You should join our pool, and you'll be able to profitably mine with your GPU after ASICs hit!

https://bitcointalksearch.org/topic/ann-coinlab-protected-pool-99643

P!nk4sand

member

Activity: 75

Merit: 10

sell them and leave 1 for gaming Grin

AndrewBUD

hero member

Activity: 1078

Merit: 502

Quote from: Gabi on August 06, 2012, 08:55:12 AM

Well this means nothing. Maybe they were ppl who bought enuff bitcoin with dollars to buy the ASIC, for them it doesn't matter if a btc is worth 5 or 10$

Yes, buying them at 5 and waiting until they are at 10 and then buying the ASIC is a good idea but it's called speculation. You would need a crystal ball to see the future to do that reliably Cheesy

speculation: these things will perform 10-20% of their advertised speeds, 40% will break within 4 months of receiving them. My e-peen will be the largest on the forum by the time this comes around

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Well this means nothing. Maybe they were ppl who bought enuff bitcoin with dollars to buy the ASIC, for them it doesn't matter if a btc is worth 5 or 10$

Yes, buying them at 5 and waiting until they are at 10 and then buying the ASIC is a good idea but it's called speculation. You would need a crystal ball to see the future to do that reliably Cheesy

AndrewBUD

hero member

Activity: 1078

Merit: 502

or sell them..... if this goes tits up and I have to wait 52 days to make 2 BTC instead of 24 hours... I'll stop mining.....

I feel for all you guys that pre ordered these ASIC's with the BTC valued at what 6 bucks?

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Use them for science!

http://milkyway.cs.rpi.edu/milkyway/

That is one project that runs very well on ATI cards!

AndrewBUD

hero member

Activity: 1078

Merit: 502

^ depends how quickly this all happens..... From reading around seems like BFL should have these chips to start assembly in October..... after months of testing they'll start shipping their 30% of advertised speeds units....

I heard all this from the alien that abducted me last night...

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: AndrewBUD on August 03, 2012, 12:47:16 PM

You can continue to mine until they arrive..... Unless you're paying tons for power.... Send them to me... i am paying nothing for power on my rigs... 50/50 split on the profits Cheesy

Depends on difficulty. Someone with free electricity even would be wasting their time mining on a CPU.

If difficulty gets to 100 Thash/s (from let's say $3.2 million worth of purchases of SC mini rigs) then a 0.7 Ghash/s 5970 will mine about 0.025 BTC per day (after the block reward drop to 25 BTC). Thats just a little over a quarter dollar per day per 5970, or about $8 per month.

If I had to bet though, at this exchange rate GPUs will make the effort worthwhile for a few months yet.

AndrewBUD

hero member

Activity: 1078

Merit: 502

You can continue to mine until they arrive..... Unless you're paying tons for power.... Send them to me... i am paying nothing for power on my rigs... 50/50 split on the profits Cheesy

abeaulieu

sr. member

Activity: 295

Merit: 250

dlasher

sr. member

Activity: 467

Merit: 250

Quote from: dreamwatcher on July 20, 2012, 10:36:11 AM

When/if BFL delivers on the ASIC within the ballpark of stated specs, one will not be able to give away 5800 series GPU. Gamers will not want them (2 generations old, and the 8000 series is coming up(?)). The market will be flooded with them, as miners try to sell them off.

<...>

One can pick up a new XFX 7970 at Newegg for 429.99 w/ free shipping at this point (there is a HIS model that comes to 399.99 after rebate!), yet somehow people are sill buying them on EBAY for more. Cheesy

Just my .0002 BTC on how I am protecting my investment during this uncertain time.

Precisely. Smart.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Aseras on July 20, 2012, 09:50:05 AM

Quote from: notme on July 19, 2012, 11:32:51 PM

If you live somewhere where it gets gold, mine in the winter and turn them off for the summer. Just treat them as electric heaters that happen to pay you a few pennies a day.

Tell me more about using gpus to make gold.

Lol... I meant cold. But, yeah, coinabul.

420

hero member

Activity: 756

Merit: 500

Quote from: zorgberg on July 19, 2012, 11:28:17 PM

Keep mining BTC because BFL's claims are inflated to the point of incredulity. Largecoin's estimates are way more in the ballpark what you should expect given current ASIC technology. While ASICs will surely change the field it is not going to be an overnight game changer.

Where is largecoin's website?

Topic: What to do with my GPUs when ASIC arrives? - page 2. (Read 8738 times)