Topic: What will happen to all the "traditional" mines once the new ASIC based miners - page 2. (Read 6640 times)
October 01, 2012, 03:37:02 PM
Judgement day perhaps?
October 01, 2012, 03:30:19 PM
so, market forces will just kill traditional GPU based mining pretty much overnight unless ASIC based is all just a scam?
There are many different ASIC development companies, it's implausible that all of them are scams. It's just a pretty straightforward but challenging process.
Interesting tell me more.
October 01, 2012, 03:27:52 PM
If i'm mining with 150GH/s of ASICs, why would I both doubling my power consumption for a measly 700MH/s from my 7970? Even if I did have free electric, the heat isn't worth the pennies I'll make in a day.
Exactly. And as vitruvio pointed out, even with free power, running your GPU 24/7 at near max power (or even overclocked) is far from beneficial to the hardware. Don't burn out the hardware in your sexy gaming PC just for a few more MH/s!
I try to get the best Mh/s per watt that I can. So I run at
Max 6990 at 850 Mhz 150 Mhz 1.05v
Min 6990 at 775 Mhz 150 Mhz 1.05v
5970 at 700 Mhz 266 Mhz 0.968v
Max 5870 at 800 Mhz 266 Mhz 0.968v
Min 5870 at 775 Mhz 266 Mhz 0.9v
5830 at 700 Mhz 266 Mhz 0.968v
October 01, 2012, 03:11:40 PM
If i'm mining with 150GH/s of ASICs, why would I both doubling my power consumption for a measly 700MH/s from my 7970? Even if I did have free electric, the heat isn't worth the pennies I'll make in a day.
Exactly. And as vitruvio pointed out, even with free power, running your GPU 24/7 at near max power (or even overclocked) is far from beneficial to the hardware. Don't burn out the hardware in your sexy gaming PC just for a few more MH/s!
October 01, 2012, 02:49:48 PM
Many people claim to have free electricity, or is a gamer so won't stop his GPU.
Regards
If i'm mining with 150GH/s of ASICs, why would I both doubling my power consumption for a measly 700MH/s from my 7970? Even if I did have free electric, the heat isn't worth the pennies I'll make in a day.Regards
I can't wait for ASICs so I can turn my gaming computer off!
I agree, I have only have one GPU and I've ordered a couple of jalapeños, when received I'll stop mining with my GPU, even with free electricity, PC components will suffer working 24/7, and will not be payed with so little profit.
Regards
October 01, 2012, 02:40:15 PM
I'm surprised not more people are using Coinlab to hedge their GPU mining.
October 01, 2012, 02:39:01 PM
Many people claim to have free electricity, or is a gamer so won't stop his GPU.
Regards
If i'm mining with 150GH/s of ASICs, why would I both doubling my power consumption for a measly 700MH/s from my 7970? Even if I did have free electric, the heat isn't worth the pennies I'll make in a day.Regards
I can't wait for ASICs so I can turn my gaming computer off!
October 01, 2012, 02:25:13 PM
Many people claim to have free electricity, or is a gamer so won't stop his GPU.
Regards
Regards
October 01, 2012, 01:43:09 PM
What will happen to all the "traditional" mines once the new ASIC based miners hit the market?
This.
Quote from: Korbman
...it's quite probable most GPU mining will cease. There's no way even many of the top GPU rigs would be able to keep up with the power ASICs bring to the table.
I couldn't said it better myself.
lol @greyhawk ; nice find.
October 01, 2012, 11:42:35 AM
we will see a flood of ATI GPU`s on ebay for sale.
and a lot of bitcoiners will end up with a big paypal balance
and a lot of bitcoiners will end up with a big paypal balance
October 01, 2012, 11:36:13 AM
so, market forces will just kill traditional GPU based mining pretty much overnight unless ASIC based is all just a scam?
Other than CoinLab or other similar mining pools, it's quite probable most GPU mining will cease. There's no way even many of the top GPU rigs would be able to keep up with the power ASICs bring to the table.
October 01, 2012, 10:44:26 AM
I haven't seen that one before. Anyone had any luck using that pool? Seems like a neat idea to make some more money off my existing hardware.
I've been using it for some time now. It's a very big challenge, I hope they succeed.
October 01, 2012, 10:30:06 AM
mine litecoin
October 01, 2012, 10:16:56 AM
so, market forces will just kill traditional GPU based mining pretty much overnight unless ASIC based is all just a scam?
There are many different ASIC development companies, it's implausible that all of them are scams. It's just a pretty straightforward but challenging process.
i really do feel for those that have invested into GPU based mines although i suspect their investment is already paid back if they got into it early enough
"if" is the key word. I suspect most mining operations have been a net loss, and it's probably a good indicator.
By the way, check out this thread. CoinLab is developing a platform that will rent your GPU for various tasks and pay you in BTC.
I haven't seen that one before. Anyone had any luck using that pool? Seems like a neat idea to make some more money off my existing hardware.
October 01, 2012, 09:11:41 AM
so, market forces will just kill traditional GPU based mining pretty much overnight unless ASIC based is all just a scam?
There are many different ASIC development companies, it's implausible that all of them are scams. It's just a pretty straightforward but challenging process.
i really do feel for those that have invested into GPU based mines although i suspect their investment is already paid back if they got into it early enough
"if" is the key word. I suspect most mining operations have been a net loss, and it's probably a good indicator.
By the way, check out this thread. CoinLab is developing a platform that will rent your GPU for various tasks and pay you in BTC.
October 01, 2012, 09:00:01 AM
lol @ greyhawk 
so, market forces will just kill traditional GPU based mining pretty much overnight unless ASIC based is all just a scam?
i really do feel for those that have invested into GPU based mines although i suspect their investment is already paid back if they got into it early enough
so, market forces will just kill traditional GPU based mining pretty much overnight unless ASIC based is all just a scam?
i really do feel for those that have invested into GPU based mines although i suspect their investment is already paid back if they got into it early enough
October 01, 2012, 05:40:26 AM
October 01, 2012, 04:33:55 AM
What will happen to all the "traditional" mines once the new ASIC based miners hit the market?
Apologies if there is already a thread on this but I searched and couldn't find it easily. I'm a slow reader
Apologies if there is already a thread on this but I searched and couldn't find it easily. I'm a slow reader
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