Quote from: red_dog007 on August 20, 2012, 08:32:13 PM

So, if these ASIC from BFL are as advertised, or even half of what is advertised, GPUs will quickly become a hot brick burning money when it comes to mining bitcoins.

There are other coincurriences out there I have noticed. What do you think would be the best coin to mine with GPUs once bitcoin is no longer profitable for gpus? Seems like mining another coin could be profitable, and all the gpus could just switch to another coin and help bring up a coin to being something worthy. Im sure a lot will make a shift to a new coin instead of selling off all their hardware. Bitcoin was a risk that was worth pennies at the time, just like these other coins, just that bitcoin miners already have the hardware.

Though I don't know much about these other coins. I ordered some ASIC if they do pan out. If they do pan out, Im hoping I can keep a similar BTC per day ratio in mining and then switch my GPUs over to the next best coin to mine and hope that it becomes really profitable.

I think the impact of the hashrate on the value of a crypto-currency is negligible, well, you could argue "The more computing power behind it, the more secure a currency is", thats of course true. But it normally goes like "the more value, the more people will mine ergo the more computing power", not the other way around. Nobody would they "Well, litecoin, yeah but they don't have enough computing power backing up the crypto-security." If a buch of people start to mine litecoins, titcoins or whatever no one will start to buy like crazy. They will just mine pretty worthless coins without making an impact.