[Chugalug] OT: bitcoin speculation

Matt Keys mk6032 at yahoo.com
Sat Sep 22 15:01:19 UTC 2012

Same here. I'm still running my tiny two gpu 500mh/s rig 24/7. I cashed out
nearly 100 coins when it hit $12, that was a pretty nice deposit! I've
ordered a single SC and two jalepenos, so I'm figuring the new rig should
mine somewhere around 50gh/s. According to deepbit's calculator at current
difficulty that would make a little over 15 coins a day. at the current
exchange of $12 that would be around $180/day! Curious if they're currently
using a few SC mini rigs (1TH/s) to supplement the business income? :) 


From: chugalug-bounces at chugalug.org [mailto:chugalug-bounces at chugalug.org]
On Behalf Of Lynn Dixon
Sent: Friday, September 21, 2012 6:25 PM
To: Chattanooga Unix Gnu Android Linux Users Group
Subject: Re: [Chugalug] OT: bitcoin speculation


Well BFL pushed the release back to November. I have a pretty low order
number for one of their 40Ghash asic singles, so I am hoping to take
advantage of the low difficulty before it goes up. 
And it will surely go up.... A lot. There is going to be a ton of hashing
power coming online with these units. As soon as the network adjusts gpu
mining will not be worth the power costs. If you are like me, I don't have
any power costs, and my gpu rig is paid for so I will keep mining it until
the gpus die. 
There will be a flood of miners dumping their gpus as soon as the difficulty
stabilizes. So gamers will have a good chance to buy them up even id they
are worn slap out and running a crazy firmware.
Not sure if you know but BFL has said their new asic production lines are
capable of producing and shipping 500 singles per day. If you look at the
bit pay receipts that are close in value to a single (1300 usd) they already
have over 7000 singles pre ordered. 
Its gonna be a good Christmas for gamers and a bad Christmas for gpu miners.

On Sep 21, 2012 5:31 PM, "Matt Keys" <mk6032 at yahoo.com> wrote:

Next month is the release of the BFL SC chipsets to consumers. Do you think
the release of such will raise the bitcoin difficulty so much that GPUs will
be obsolete, much like CPU mining today? If so what do you think will happen
to the tons of GPUs out there designated for mining? I think it's going to
be a good month for gamers. ;)



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