Topic: Why are so many selling their mining rigs ? (Read 1283 times)
Surely due to the increased demand for mining rigs, that you can sell them for profit and then build another that's tweaked more for other cryto-currencies (or power/heat/noise management)?
In my opinion selling your rig to get an asic now is a horrible idea. It's probably too late to buy and asic and maintain profitability.
Litecoin is still plenty profitable to mine so I don't know why they are selling their rigs.
A 7970 can get you around 1.3LTC a day which is around $4.
A 7970 can get you around 1.3LTC a day which is around $4.
gpu mining is not as profitable as it used to be. Best to just buy them and sell them when market has an upturn then buy back at low
not profitable anymore...
I wonder how transactions will be kept up if it is not profitable for mminers anymore? wouldn't that make future transactions hard, since you need a miner to confirm the transactions?
I wonder how transactions will be kept up if it is not profitable for mminers anymore? wouldn't that make future transactions hard, since you need a miner to confirm the transactions?
It's not profitable for everyone. Some places have much higher electricity costs than others. (some are possiblly selling to get the capital to buy the next thing however)
The asic argument's been going on so long it's pretty pathetic. Unless you've got a razor thin profit margin now, you'll be fine for awhile so no need to sell.
Also, if BFL's been mining already, then the OMG asic's are coming out argument is even more lol. DUCY?
The asic argument's been going on so long it's pretty pathetic. Unless you've got a razor thin profit margin now, you'll be fine for awhile so no need to sell.
Also, if BFL's been mining already, then the OMG asic's are coming out argument is even more lol. DUCY?
BFL are keeping all their machines for themselves, having been funded by the innocents who paid them upfront.
They will push up the difficulty skyhigh having reaped all the easy BTC themselves and then they will release their worthless machines.
Nice scam if you can get away with it......which they apparently are
\They will push up the difficulty skyhigh having reaped all the easy BTC themselves and then they will release their worthless machines.
Nice scam if you can get away with it......which they apparently are
lol. Awesome! But who is really to blame? People who are greedy and haven't done their due diligence? Or a greedy company?
BFL are keeping all their machines for themselves, having been funded by the innocents who paid them upfront.
They will push up the difficulty skyhigh having reaped all the easy BTC themselves and then they will release their worthless machines.
Nice scam if you can get away with it......which they apparently are
They will push up the difficulty skyhigh having reaped all the easy BTC themselves and then they will release their worthless machines.
Nice scam if you can get away with it......which they apparently are
ASIC is the coming monster that every GPU miner is afraid of ... since 10 months ago.
The reality is that mining profitability of Bitcoin with GPU is quite the same as mining profitability of Litecoin, 10 months later than the announcement of ASIC for mining Bitcoin. So, where is the big afraid?. Where are the ASICs?, or are there so few that its total power can not be as high as total power of GPU mining?
GPUs are all over the world, most young boys has one to play games. ASICs are 3 small companies, it looks like they are making ASICs by hand, one by one.
And, what if the Bitcoin algorithm is changed?, it is open source, and necessity could make the comunity decide to incorporate Scrypt, or Proof-of-stake, to the algorithms of Bitcoin. In such a case, the actual ASICs will be of no value, just a museum piece on the history of cryptocoins.
(Perhaps I am wrong, it is just opinion, it is not deep knowledge).
The reality is that mining profitability of Bitcoin with GPU is quite the same as mining profitability of Litecoin, 10 months later than the announcement of ASIC for mining Bitcoin. So, where is the big afraid?. Where are the ASICs?, or are there so few that its total power can not be as high as total power of GPU mining?
GPUs are all over the world, most young boys has one to play games. ASICs are 3 small companies, it looks like they are making ASICs by hand, one by one.
And, what if the Bitcoin algorithm is changed?, it is open source, and necessity could make the comunity decide to incorporate Scrypt, or Proof-of-stake, to the algorithms of Bitcoin. In such a case, the actual ASICs will be of no value, just a museum piece on the history of cryptocoins.
(Perhaps I am wrong, it is just opinion, it is not deep knowledge).
Well ..that`s why I think that many will go and support the scrypt based currencies 
(just my 2cents).
(just my 2cents).
ASIC
There are people working together to grab some ASICs in group buys as I posted just a bit ago. Use less power and go faster.
https://bitcointalksearch.org/topic/closed-usacanada-buy-1-19350-asicminer-erupter-usb-203496-each-5-units-195647
https://bitcointalksearch.org/topic/closed-usacanada-buy-1-19350-asicminer-erupter-usb-203496-each-5-units-195647
ok thanks
i am ready to inform me (=
so in my understanding, only the few big player who have ASICs are the big miners..
those who have gpu's are going "under" or have to change.
no big goal for the bitcoin-project....
i am ready to inform me (=
so in my understanding, only the few big player who have ASICs are the big miners..
those who have gpu's are going "under" or have to change.
no big goal for the bitcoin-project....
who has already a ASIC miner?? is it possible to mine litecoin with that?
nope. At least not with current ASICs, they mine SHA256 coins like bitcoin.
Litecoin is a Scrypt based coin.
who has already a ASIC miner?? is it possible to mine litecoin with that?
Thats if ASICS arent a complete scam
Just a word: ASIC
Because asics comin out
The thing is that asic boards are going to make difficulty very high in a short time.
I'm sure all non asic based mining will very soon not be worth it.
So i'm wondering, should i buy asic hardware or shares of asic rigs ?
I'm sure all non asic based mining will very soon not be worth it.
So i'm wondering, should i buy asic hardware or shares of asic rigs ?
I would get the hardware, that way you have no third party risk except when ordering the hardware.
The thing is that asic boards are going to make difficulty very high in a short time.
I'm sure all non asic based mining will very soon not be worth it.
So i'm wondering, should i buy asic hardware or shares of asic rigs ?
I'm sure all non asic based mining will very soon not be worth it.
So i'm wondering, should i buy asic hardware or shares of asic rigs ?
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