Quote from: Dargo on August 04, 2012, 09:02:25 PM

Quote from: Darkzen on August 04, 2012, 08:10:25 PM

Quote from: Dargo on August 04, 2012, 07:56:46 PM

Welcome Darkzen. You do realize that BFL ASICs are supposedly coming, which means that 40 Gh can be had for $1300? If this does happen, GPU mining will become obsolete. Do as you see fit, of course, but this is a particularly risky time to be putting together a 48 Gh GPU/FPGA farm IMO.

Hummm... Wow...Yeah.... that does put a dampener on the plan.... I am going to go fwd and start with a 1gh for the hell of it...

If BFL ASIC's pop... What's this gonna mean for BC? ... Inflation of the BC and reduced Value ?

Thanks for the intel Dargo... I appreciate it !

DZ

No prob - and nothing wrong with building a 1 Gh rig for fun. Also, it might turn out that one can mine alternative cryptocurrency after ASICs come out for BTC (most likely alternative atm is Litecoin). But I wouldn't want to bet a 48 Gh farm on this possibility being profitable (or on the chance that BFL ASICs don't materialize). I think buying BTC is definitely a much better investment than mining right now. Prices may pull in from $11 near term (i.e. in the next few weeks), but ultimately (over the course of years) I think price goes much higher. And the coming ASIC + reward drop 1-2 punch may be a catalyst that takes price quite a bit higher in the next few months.

Hey Dargo, Are the SHA256 Single's on back order ?