Does this mean we have a year of gpu mining at best or is there more time?
I wasnt mining yet back when bit coin was gpu only so i dont know...
The question with GPU mining, is... what algorithm? I cannot predict the figure, but I doubt profitable SCRYPT mining with GPUs will last much longer. And based on recent developments, I would say a few months at best. So, the question then becomes: do we need more cryptocurrencies with new algorithms? Can an scrypt-adaptive-n or scrypt-chacha or sha3 or etc variant be the next Litecoin? Vertcoin mining is currently hovering near the profitability of Litecoin mining, and Vertcoin is based on scrypt-adpative-n, which cannot be mined with the upcoming scrypt ASICs. Is there enough utility in alternative blockchains that Vertcoin (for example) could maintain it's speculative value and actually support a mass incoming of GPU miners?
WAFFLEStats v1.1 - Workers Are Sexy EditionDonate to: 1Pr87ypYdG8eMTNUXR4rT1q2P1VJ7yu1b5 Nice update, Wil. Looking forward to see some workers charts after a day or two.
Mar 19, 2014 (partial) 79.09625173 11.42 GH/s 0.00779710
That shut them up with the variance talk!
Looks like we are going to close the day around .075BTC/MH. Cross fingers for a last minute litecoin block to bring up the day's numbers!!!
We looked to be having good luck with litecoin blocks (including 2 in quick succession earlier in the day). Definitely helping the profit numbers.
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@PoolWaffle - could you add a few "luck" statistics? Such as "expected" profitability based on switcher estimated profitability and work done (submitted shares); vs real profitability based on work done, blocks found, and block exchange value. (After rejected share info, maybe. heh)