Post
Topic
Board Economics
Re: Bitcoin Price Drop
by
cicada
on 03/08/2011, 19:25:58 UTC
Anyone not factoring in the shift away from GPU mining right now aren't doing their homework.

Neither is anyone expecting an instant shift to ASIC mining on a large scale.  No startup is going to be able to offer cost-effective ASIC chips right out the door.

A $2000 ASIC rig that performs 1/4 as well as a $2000 GPU rig is only worthwhile in the very-long-term due to energy savings.  It's like spending $40,000 on solar panels to 'save money'.


I think it will be at least 6 months before you can buy an ASIC miner at all, and it'll be a year minimum before they're cost effective


Your GPUs are safe for now.