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OT: bitcoin speculation

From: Matt Keys 
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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. ;)

 

 


=============================================================== From: Lynn Dixon ------------------------------------------------------ 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.

=============================================================== From: Matt Keys ------------------------------------------------------ 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@chugalug.org [mailto:chugalug-bounces@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. 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. ;)

=============================================================== From: Lynn Dixon ------------------------------------------------------ My guess is they are using some of those asic rigs now. Josh (inaba form the Bitcoin forums) is now working for BFL As their COO. He also runs eclipsemc.com which has seen a huge increase in hash rate recently. They went from 400 Ghash to a little over 2 Thash. BFL has said they will do the a burn in on the units before they ship, which is good. I would rather get a unit that has been load tested and confirmed good to avoid missing any blocks at this low difficulty. There have also been about 3 other companies announce asic rigs, and with nzhang saying his $1300 rig will do 60 Ghash. Even deepbit is going to produce a rig. e t ly * e l k