Quote from: Crypto-t on April 25, 2014, 02:31:19 PM

With the impending KnCMiners costing $10,000, Adrian's advice was to hold off and wait. What advice would you give, specifically?

Quote from: Kestrel71 on April 25, 2014, 12:22:55 PM

Quote from: Crypto-t on April 24, 2014, 05:54:27 PM

Solo Mining with GB Coin: http://blog.gbcoinfoundation.org/simple-solo-mining-with-gb-coin/

Quote

In the workshop on Tuesday, Adrian was asked about mining rigs and is it worth investing in one? He replied with a big NO, not at the moment.

With the impending KnCMiners (aka The Titan) customized for scrypt-based mining, costing around $10,000, no one for sure knows what will happen when these beasts hit the market! There is rumour that coins not employing some form of effective difficulty targeting (like KGW or DigiShield), may be hit quite hard, but until they arrive no one knows for sure.

Not worth investing in a mining rig at the moment? Me and my rigs disagree with that heavily. If you are going to use multipools and coinwarz as a guide I would agree. But people in the know know better. As a person who is teaching people about rigs and stuff I am surprised by Adrian's over confident statement, which is totally way off and wrong.

I'd side with Adrian on this one, if we're talking to people that are just getting their feet wet. After the Scrypt ASIC's hit, GPU shifting from Scrypt to Scrypt-N and other alternatives could potentially saturate gpu only coins to limited profitability, and in that case, the people that will continue to do well with GPU rigs will be people that can understand and follow the Altcoin trends and ecosystem. Dumping a couple of grand into a rig right now, if you didn't know what you were doing, could very well put you in a sink or swim situation to just break even.