Quote from: JoelKatz on October 13, 2013, 09:51:46 PM

Right, I'm not familiar with technology.

I have an ASIC miner that I underclocked about a week ago and finally shut off today because the difficulty has risen to the point that it costs more to power it than the value of the Bitcoins it produces. I've already paid for the miner, I've already waited for it. Those are sunk costs, and it's not even profitable to keep it turned on. This is technology that was designed from the ground up to mine Bitcoins as efficiently as possible about a year ago.

With people using the very latest technology in new designs made from the ground up to mine Bitcoins as efficiently as possible, trying to use anything not purpose built for mining is not even a "knife to a gunfight" idea, it's a "club to a nuclear war" idea.

In about six months, even today's latest and greatest 28nm ASICs designed from the ground up for mining probably won't pay for the power it takes to run them. Even if you got such a miner for free, unless you had a really good way to get cheap power, you would lose money turning it on.

Yea and also you are not good with precentages and proportions... thats all true for AN asic miner for the ONE chip you have..

but have you asked yourself why you just have ONE miner and not like 200 of them?

I am sure you asked yourself that and the answer is easy

1)you do not have money to buy more of them since they are ridiculously expensive
2)even if you have the money to make a big investment by the time you will get the gear you pre-ordered (if you get it at all) it wont do crap or it will have a very considerable decrease of income...

So why not instead of buying like ONE rig that costs 5000 usd and does 2TH/s and will ship Q2 2014 not ordering like 1000 pieces 5$ each of industry available chips reporgram them and have them ready to mine TODAY at lets say 800 GH/s rate... and when difficulty is getting higher with the profits that you accumulate from TODAY since the then buy some more chips that will be ready to ship at virtually the same day!!!