Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: What will happen to all the "traditional" mines once the new ASIC based miners
by
memvola
on 01/10/2012, 14:11:41 UTC
so, market forces will just kill traditional GPU based mining pretty much overnight unless ASIC based is all just a scam?

There are many different ASIC development companies, it's implausible that all of them are scams. It's just a pretty straightforward but challenging process.

i really do feel for those that have invested into GPU based mines although i suspect their investment is already paid back if they got into it early enough

"if" is the key word. I suspect most mining operations have been a net loss, and it's probably a good indicator.

By the way, check out this thread. CoinLab is developing a platform that will rent your GPU for various tasks and pay you in BTC.