besides this shit, where can I get an ASIC within a month, tired of waiting for BFL to ship my order
just buy some 7970
that would be a scam, lol, I'd have to buy 3 of them at 4btc a piece and only getting 1800mh/s making 8 dollars a day, lmao
edit: gpu mining bitcoins will die this year, even mining litecoin isnt that profitable, asics is where its at, and its crazy nobody is selling them for a good price point, if cedartec was real, 999 for 80,000mh/s is a deal
As in too good to be true perhaps?
The cumulative effect of all the interested parties within Asics will exponentially increase the hashrate and inversely decrease the profit until it is at a level people are willing to profit share at levels where upon power cost of running the unit will be very much a consideration, that will be at a very marginal profit, guess what? Similar to GPU mining today. The benefit is purely in the increased security to the Bitcoin network. GPU mining Litecoin is where the current profit is. The sudden press interest has lead to wild speculation and prospecting to the point at which capacity has already been reached prior to ASICs becoming available.
Investment is down to one thing only now, belief in the network and the currency, profit is not what these wild speculators are expecting, you're about to be very upset if you think it is.
Part of me thinks the timing of BFLs failures and Avalons convenient bulk chips sales are all contrived. Both companies have to be mining for themselves, even on half finished, poorly refined, incomplete, under performing machines. The temptation is just wayyy too strong.
Geeky diyers will eventually win, but only one all the teething issues have been ironed out. I predict, unless companies consistently bring out more efficient, price effective hardware, in six months the DIYers will have the last laugh, but not necessarily those buying in bulk now.
The companies need to be ahead of this and only those capable of their own in house r&d and a strong relationships with their competitive third party suppliers and especially chip manufacturers will survive, there's only one or two with the potential for that now.
