They will mine to keep the network secure because they will cost me about $2-$3 a day in electricity when tweaked. I can handle the $2-$3 loss every day to keep BTC alive but I doubt many will.
My ASICs will pay for the electricity until difficulty gets too high, If they ever arrive.
Not everyone will get an ASIC or 2 doing 60Gh/s+.
If the over 60Gh ASICs add too much to the difficulty so only $1000s of dollars invested will produce any profit BTC will die a slow painful death bouncing up and down as users mine when diff is low and stop when it is too high
I had $1200 to gamble on some ASIC goodness and I await it's arrival.
I would never call it an investment since I never expect to make my money back.
I mine coins only because people buy them for FIAT or Gold and I profit.
I expect an easy 200Th/s added over the course of 2013.. I hope its high.....
Topic: When difficulty goes up 30 times, caused by ASICs, will you still mine GPU? - page 2. (Read 7185 times)
February 05, 2013, 12:24:41 PM
February 05, 2013, 11:25:58 AM
If power is free and nothing else is more profitable then why not?
Because even if power is free, you'll prolly make more by selling the card then you would over 6 months of mining. There are times where we have GPUs for reasons other than mining. I could understand a mining farm, but in my (and other's) cases, I'm just pushing these GPUs because they're meant for rendering and schooling dictates that I can't do that all the time. Selling them would just put me in a need of GPUs (no, I'm not throwing that 3850 in).
It's situational. Not everyone would benefit from absolutely maximized profits.
February 05, 2013, 02:00:50 AM
If power is free and nothing else is more profitable then why not?
Will you still mine for 0.0035 BTC / 0.07 USD a day (on a 200Mh/s GPU) when difficulty goes up 10 times?
Predictions are, it will go up 30 times, at least.
A 60Gh/s ASIC like the Butterfly can still be profitable at a difficulty of 1,000,000,000 (based on power consumption, after you returned your investment).
February 04, 2013, 11:15:49 PM
If power is free and nothing else is more profitable then why not?
Because even if power is free, you'll prolly make more by selling the card then you would over 6 months of mining. 
February 04, 2013, 09:01:49 PM
If power is free and nothing else is more profitable then why not?
February 04, 2013, 08:39:51 PM
Pulling about 300 watts mining at my dorm. I don't think anybody will care too much when I have nothing to do with my 6950s 
February 04, 2013, 07:47:58 PM
I'll mine my GPU's till my ASIC(s) arrive. Not so much for the hash rate increase but for the power savings.
February 04, 2013, 07:31:42 PM
Avalon delivered their first units , so how asics are scam ?
February 04, 2013, 03:12:54 PM
Many variant at once:
ASICs are a myth!
ASICs are a scam!
mine Alt-coins
If bitcoin difficulty will grow up, litecoin will much more profitable. But ALL ASIC vendors are SCAM, so nothing to worry about.
ASICs are a myth!
ASICs are a scam!
mine Alt-coins
If bitcoin difficulty will grow up, litecoin will much more profitable. But ALL ASIC vendors are SCAM, so nothing to worry about.
February 04, 2013, 02:57:02 PM
Not really. I have no intention of converting alt-coins to BTC. In fact, I am far more inclined to convert BTC to alt coins.
February 04, 2013, 02:37:55 PM
February 04, 2013, 02:36:18 PM
sure! other coins 
February 04, 2013, 02:32:28 PM
How about you?
Will you still mine GPU at a difficulty of 90,000,000 and a 660Th/s network?
I ordered an ASIC yesterday... If it ever arrives I hope to get break-even within a year
Will you still mine GPU at a difficulty of 90,000,000 and a 660Th/s network?
I ordered an ASIC yesterday... If it ever arrives I hope to get break-even within a year
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