41–50 of 55 posts
Earlier quoted context omitted.
You can still mine with AMD GPUs but the difficulty has been rising fast due to the release of ASICs. For example, right now a Radeon HD 7970 will earn you about 1.4 BTC per month. ASICs are not for sale anywhere. You can preorder from butterfly labs but there is no indication when they will ship.
Why not an FPGA?
Earlier quoted context omitted.
You can still mine with AMD GPUs but the difficulty has been rising fast due to the release of ASICs. For example, right now a Radeon HD 7970 will earn you about 1.4 BTC per month. ASICs are not for sale anywhere. You can preorder from butterfly labs but there is no indication when they will ship.
Why not an FPGA?
Earlier quoted context omitted.
You can still mine with AMD GPUs but the difficulty has been rising fast due to the release of ASICs. For example, right now a Radeon HD 7970 will earn you about 1.4 BTC per month. ASICs are not for sale anywhere. You can preorder from butterfly labs but there is no indication when they will ship.
I don't see why decent ASICs will ever be for sale. It'll be more profitable to run them than to sell them so the manufacturers will keep them.
Earlier quoted context omitted.
CPU Mining is possible but not profitable. GPU mining is the traditional and the best way. The thing is, if you have a very bad GPU you might not make any profit. The electrial costs are going to be a pain in that case. If you have a fairly decent GPU, you can still mine and shine but expect a really low profit. If you aren't worried about the electrial costs ( as GPU is running 100% 24/7 ) then you could mine very w…
GPU mining is on the way out thanks the imminent proliferation of ASICs. I've heard it's more profitable to mine Litecoin then convert to BTC at this point.
Here is the thing, after BTC's success many such online digital currency came into existence.
As soon as BTC gets enough traction, there would be some regulation to handle the growing digital currencies. There are chances that not every such currecny would grow like BTC did. So putting time in mining should be well calculated. If you think LTC would grow then go for it, but if not then no point putting time and money in mining for it. Better mine, earn, sell off and move on.
Are the employees being paid in fixed Bitcoin amounts, or amounts relative to a USD-based (or other local currency) salary?
That value definitely would be calculated based on the present value.
Earlier quoted context omitted.
I don't see why decent ASICs will ever be for sale. It'll be more profitable to run them than to sell them so the manufacturers will keep them.
Besides the crowdfunding argument, it may be possible to sell an ASIC miner for more BTC than it will ever generate during its lifetime.
Are the employees being paid in fixed Bitcoin amounts, or amounts relative to a USD-based (or other local currency) salary?
I wonder how much pressure IA feels to convert its donated bitcoin holdings to cash, given the run-up in exchange rates that has happened recently. Does IA prefer to support Bitcoin as if it were, as its proponents suggest, a real currency with sticking power for the long-term future? Or is there more real and permanent good to be had from converting that money to dollars to support the Archive's excellent programs t…
Okay, fine. How do I buy some bitcoin? Is bitinstant still cool? edit1: Okay, MT Gox seems to be having some server problems, but things are going...slowly. edit2: Mt Gox really wants my driver's license? This seems...not to be something that is a good idea. Should I really give them my driver's license?
Earlier quoted context omitted.
You can still mine with AMD GPUs but the difficulty has been rising fast due to the release of ASICs. For example, right now a Radeon HD 7970 will earn you about 1.4 BTC per month. ASICs are not for sale anywhere. You can preorder from butterfly labs but there is no indication when they will ship.
ASICs were for sale from Avalon http://launch.avalon-asics.com/ but they only took orders for a <1000 in 3 batches that sold out very quickly and are going for 20k + on eBay. Butterfly labs has been promising a lot for a long time but there is no evidence yet that they will actually deliver anything. They have taken a lot of pre-orders though. There is a third company that lets you buy shares and is running ASICs but…
During their first week of operation they paid out 3860 BTC (~$480,000) spread over 163,964 shares. [1]
[1] https://bitcointalk.org/index.php?topic=99497.msg1568242#msg...