Topic: When are you shutting down your GPU rigs? - page 2. (Read 4209 times)
Still not thinking about that. Since my electricity is free, gear payed of, I think it will be few more months
Shut down all of my rigs earlier this week. Got a few interested buyers in some of the parts (SSDs, video cards). The hard part now is the silence throughout my home. I really do miss that whirling noise, especially in my bedroom. I had a rig in there and it actually helped me fall asleep a little easier. 
Oh well, I knew this day would come eventually. I was originally planning on stopping back in October but soon realized that the added heat output from the miners was warming parts of my house that don't get it otherwise from the heater.
Oh well, I knew this day would come eventually. I was originally planning on stopping back in October but soon realized that the added heat output from the miners was warming parts of my house that don't get it otherwise from the heater.
Sold 3 out of 4 of my 7970s already. It's an awesome time for 7970 resale.
I just run the mining on my PC I get ~ 170 Mhash/s which is not a lot but it's better then nothing. I usually let it run during the day and I work on the PC while mining in the evenings. With current BTC price it's still profitable, even when 30% of proceeds go to payment for electricity. I have preordered one BFL ASIC Single so once the ASICS are actually here I will stop mining on the GPU for sure.
Quote
Speculation of course...
Yes, in hindsight I should have let them run at a loss.
I shut them down after reward halving and opened them again after BTC $30
I'm not sure how sound a strategy this is.
If I hadn't let my rig sit broken through last spring/summer in the $4-6 times, I'd be sitting pretty right now.
Speculation of course...
I shut them down after reward halving and opened them again after BTC $30
The market is pricing bitcoin as though ASICs don't exist at $40-50 GPUs are still profitable.
The heat is useful in winter and as long as it covers the energy bills keep 'em running until you have an ASIC in your hand.
The market is pricing bitcoin as though ASICs don't exist at $40-50 GPUs are still profitable.
The heat is useful in winter and as long as it covers the energy bills keep 'em running until you have an ASIC in your hand.
I do not understand why anyone would shut down their rigs when mining Litecoin to dump for Bitcoin yields more. We are not going to see a Litecoin ASIC for a while yet.
I shut my miner software down late last year (only a single cardnoteven high end) when myreturns fell off a cliff. Now i am buying some coins out of every pay cheque instead.
I intend to go ASIC once they actually hit the market in volumes because i am a believer.
I intend to go ASIC once they actually hit the market in volumes because i am a believer.
At current price, it's profitable to mine all the way up to 50-60 million diff. That's what I'm going to do.
Well although I'm making less bitcoins, I'm making around the same amount in USD from the time I used to make ~1btc a day and it used to be 10$. I have pre-ordered 2 ASIC SC Singles, the ~$5 month delay has actually allowed me to gain ~$1300-$1500 in mining. I'm shutting down my GPU rig when profits reach ~$4 a day. And to touch on what Mufa23 said, my rig is watercooled and has been heating my room throughout winter! I just hope the singles get here before the summer weather rolls in.
It was 89F here in SoCal today - 94F in the rooms with my miners even with AC going (commercial) so I've already taken down my older cards and sold locally before it becomes impossible to sell them. What's the point making $30 in BTC in 2 months of mining on a 6870 if the card will sell for $30 less. I just buy BTC with my proceeds.
When the GPU farms hit eBay the prices will drop for resale - at least until Xmas.
I had over 50GH, now down to 18GH.
I tend to look at this a little different than most, People see this as a "business" and have to account for cost, I am looking at it as a investment in the freedom of mankind, I will allways be mining to what I can afford in electricity, Any BTC I can make will be seen as a bonus.
So in answer, I am in it for the long haul, GPU's, FPGA's even ASICS If/when they arrive.
So in answer, I am in it for the long haul, GPU's, FPGA's even ASICS If/when they arrive.
Well although I'm making less bitcoins, I'm making around the same amount in USD from the time I used to make ~1btc a day and it used to be 10$. I have pre-ordered 2 ASIC SC Singles, the ~$5 month delay has actually allowed me to gain ~$1300-$1500 in mining. I'm shutting down my GPU rig when profits reach ~$4 a day. And to touch on what Mufa23 said, my rig is watercooled and has been heating my room throughout winter! I just hope the singles get here before the summer weather rolls in.
About 1/3 of what I make needs to be converted to USD to pay for the electric bill. Also, my rigs are heating some of my rooms. The Maine Winter is usually pretty brutal, but I won't need the heat come late April. So I'll keep using them even if 90% of what they mine will be used to pay the electric bill. I'll sell once I start losing money. However, I plan on switching over to LTC once the BTC hashrate picks up. So unless I am breaking even with LTC, I'll be getting rid of mine.
I'm in it for the long run.
I'm in it for the long run.
I am very surprised to see a lot of postings on here https://bitcointalk.org/index.php?topic=21112.920 of people mining at rates of 30-300 Mhash (just randomly chosen numbers)
I'm pulling about 3 Ghash and I'm debating when should I stop and sell my 7970's to recoup some of my investment.
I think that at the current difficulty, almost 5m, it gets pretty pointless to mine at anything less than 2 Ghash/s unless you have free power.
I'm pulling about 3 Ghash and I'm debating when should I stop and sell my 7970's to recoup some of my investment.
I think that at the current difficulty, almost 5m, it gets pretty pointless to mine at anything less than 2 Ghash/s unless you have free power.
Jump to: