Quote from: massnerder on June 05, 2013, 09:39:48 PM

yes OP, read the thread linked above, but just incase you're lazy Wink

Quote from: kendog77 on May 14, 2013, 12:16:41 AM

I believe some miners purposely give out bad advice on forums like this one to discourage new folks from mining because it will chip away at their own personal profits. How many GPUs do you own, FloridaBear? Wink

This! I have been mining altcoins with my rig and to say that they are dead when some of them are consistently more profitable than btc to mine screams 'i have ulterior motives'... Historically LTC has been ~30% more profitable to mine than BTC, and I will admit that it was a wash 2 weeks ago when this thread was posted, but look again and you will see that it is back up to 30% more profitable today. Some alts even better than that. I have made 1btc in the last week on a single rig with those 'dead' altcoins....

The "better" alts are typically only "better" for a matter of minutes or hours lately. Not really viable unless you're auto-switching. Litecoin is still a wash, if your pool also mines NMC. This will likely be the case until ALL GPUs are mining LTC. However, that point may be after GPUs are completely unprofitable.

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Quote from: ISAWHIM on May 14, 2013, 06:24:43 AM

That's a lot of assumptions, without any actual knowledge or proof, other then speculation on hypothetical possibilities.

Thus, useless. That was the point of my prior post.

Who are you warning? Yourself? Why do you care what others do? Obviously your point of view is as limited as your knowledge, but I may just be assuming that. (Irony)

So, should we all buy "non-existent, non-shipping", ASIC's that won't be here until after Christmas?

..........

The "defense" was that alt-coins were a FAD...Yea, they WERE, so were bitcoins. Bitcoins didn't make bitcoins valuable, we did, and where we go, the value goes. With our hardware.

But anyways... Don't buy GPU's. That leaves more hashing for me, here or there... On a plane, on a train, in Spain, or in the rain. I don't give a flying f**k, as long as it turns green, and comes from my f**king machine!

lol, yes, FB... why exactly do you care enough to start a new thread warning everybody to stay away from gpus? Are we all buying them on your credit card? I must have missed the memo, I will take some free 7950s please. Grin

It's easy to get that "bitcoin fever" and look at profitability calculators that don't take increasing difficulty into account and say, "hey, this will be pretty profitable," when the reality is it won't be. Honestly, I'm just trying to sound the warning. Sue me for my honest opinion.

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Quote from: peewee on May 14, 2013, 07:44:45 AM

FloridaBear has clearly made way too many assumptions to have any credibility...this is just more button pushing to try and curb the flood of new miners coming to the market.

Well, you are not posting my rebuttal to that post--I will leave it to the readers, but suffice to say I believe my assumptions are realistic if not conservative. Nobody has even argued about my ACTUAL assumptions, which so far have proved to all be correct.

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Quote from: BBQKorv on May 14, 2013, 02:02:02 PM

Do not buy GPUs so I can make a bigger profit Wink

Thats a serious advise to all of you.

and here is an example of it working out for another newbie...

Quote from: jacoby0419 on May 14, 2013, 03:55:48 PM

I'm doing alright so far... Only been doing it about 3 weeks and just last night added enough to get me to 1.5 Gh/s. New cards bought on sale with rebates and selling game cards brings the cost way down. Installing them in a handful of systems I had laying around- I've brought in about $140 for $700 in expense so far.

I'm having fun, and it looks like I'm going to do alright- no it won't make me rich, but especially when it comes time to sell cards I think I'll come out ahead by a fair bit.

[/quote]

Wow, a whole $140 on a $700 investment. He will never make $700 total. Thank you for making my point.

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The real point is that FB here can't see the future any better than you or me. Read up and do what you want, don't put anything not expendable 'hobby money' into btc and don't expect to get rich .... you'll be alright and might even have some fun doing it.

Quote from: philips on May 15, 2013, 09:02:32 PM

Come on guys, this is the same old story over and over, don't do this, don't do that...for how many threads now since last year?

Take the risk, don't take the risk, whatever.

Better wait until GPU mining IS dead and open a I've told you so thread.

I wouldn't have posted if I didn't believe it. Please do the math and just plug in the 18% average difficulty increase we've seen every two weeks for the last 3-4 months. That is the proper way to calculate ROI, not pulling up a calculator that calculates today's profitability and extrapolate 200 days out. We just increased 28% and it sure looks like the next increase will be over 20%. With more and more ASICs getting plugged in, do you think that we will enjoy nice, gentle increases? Do you think GPU miners make any difference in recent hash rate increases (e.g. your theory that I'm trying to keep GPU miners out of the market)? If so, you're suffering from denial.