Quote from: adam3us on October 06, 2014, 05:08:28 AM

I am not sure they will continue to mine. It is more profitable to switch off older equipment and buy bitcoin than spend electricity at loss making J/BTC cost basis.

Its normal at any given time that people will be switching off previous gen equipment as newer more electrically efficient equipment pushes old hardware below electrical breakeven with sunk cost economics (ie even losing money based on electrical cost, ignoring purchase cost).

Same thing happened to CPUs, GPUs, FPGAs... now its the turn of old gen ASICs.

Once they adapt difficulty will flatten or even fall, sell pressure will relieve and price will rise. Flatter difficulty will help also because it extends equipment life-time which makes planning easier.

Thats what I think anyway.

Adam

IMHO buying bitcoin is not as profitable as it was. With the bitcoin price going down every week, I don't see why one would invest any money in BTC. That's a guaranteed loss.
However, if you are an early adopter and you mined them below the current price or if you own already some of them .. it's fun to trade and use them while they sell well.

btw, I still have some 20+ erupters powered up, and a BFL FPGA

the GPUs which were once 10% of the LTC network are still hashing Grin

can't think of a reason to power them down. I use more electricity when I flush the toilet LOL

Quote from: RoadStress on October 06, 2014, 11:10:59 AM

Quote from: klondike_bar on October 06, 2014, 11:01:25 AM

I suspect anything using more than 1.5w/GH is turning of at this point.

At this point I have turned off my Jupiters. Still thinking if I should put then on solo mine or not.

Put them on altcoins

The PPC network is still in need of your jupiters. Or give them to someone with free power. Dump them in the local McDonalds "server" room .. and let them have the coins for donations.