I agree with you.
But for British miner at the moment, it is not worth mining as the electricity price is too high. If they believe in crypto currency, they should just buy.
I am English and am making decent money from GPU mining so that isn't a issue.
That's not what was said at all, they said GPU mining would be less profitable due to the release of the KnCminer Titan.
When someone misquotes and adds a bad attitude does that help anyone?
Oh I misread this then did I? have a look again at what was said before you accuse people of misreading, I know what he said it is clear as day for everyone to see.
Adrian was asked about mining rigs and is it worth investing in one? He replied with a big NO, not at the moment.
Sorry but I see a big fat NO. As for bad attitude get over yourself and stop being over sensitive. I am just stating it how I see it. Did I call anyone names or anything? I am sure I gave advice though. And not a "don't bother" attitude that was given by a guy who is supposed to be helping people get into mining.
I can see why you would not like my post though considering your position with this coin. Anyway, if your team want to go around the country spreading FUD about how its not worth GPU mining crack on, no skin of my nose. just a shame it had to be my country coin that is doing it.
I was talking about what was said at the workshop and not what was posted here. I was trying to give the best advice possible to anyone interested in buying mining equipment now.
If you buy a Titan you get 300MH/s for $10,000 which equates to $33 per MH/s whereas a GPU rig is a $1,000 per MH/s (3.5MH/s) and costs the same to run as 1 titan and the titan runs about 85 times faster than a $3,500 rig.
Why on earth anyone would recommend GPU over ASIC is beyond me, I'm not saying you can't make money with it at all but for 3 times the cost you get 85 times the hash power if you bought 85 rigs it would cost 85 times the electric and approximately $297,500.00 vs $10,000 ??