The GeForce GTX 770 Review: Calling In A Hit On Radeon HD 7970?

[shirley Santa Rosa]

yeah, no one is going to be making money (eg making a profit, no matter how you compute that... even just on electricity costs alone) using GPUs for Bitcoin mining.

I dont care if you use the gnarliest AMD setup available with the most energy efficient and low cost rig you can manage.


very very soon, the reward is going to drop again.

and once the next batch of ASICs are shipped.... be they the ones offered by butterfly, bitsyncom, and proprietary systems....


the ASIC miners are going to steal well over 80% of the computing power, and their combined power will rapidly drop the reward.

THEN, a bunch of people churning out 100s of blocks per month are going to SELL THEIR BITCOINS.

that is going to cause the market to CRASH, when a fuckload of sellers enter the market.

There simply arent enough people buying drugs on silk road to support all of the multi-million dollar ASIC startups that will soon start dumping the bitcoins they have received for solving blocks.

 

[shirley Santa Rosa]

yeah, no one is going to be making money (eg making a profit, no matter how you compute that... even just on electricity costs alone) using GPUs for Bitcoin mining.

I dont care if you use the gnarliest AMD setup available with the most energy efficient and low cost rig you can manage.


very very soon, the reward is going to drop again.

and once the next batch of ASICs are shipped.... be they the ones offered by butterfly, bitsyncom, and proprietary systems....


the ASIC miners are going to steal well over 80% of the computing power, and their combined power will rapidly drop the reward.

THEN, a bunch of people churning out 100s of blocks per month are going to SELL THEIR BITCOINS.

that is going to cause the market to CRASH, when a fuckload of sellers enter the market.

There simply arent enough people buying drugs on silk road to support all of the multi-million dollar ASIC startups that will soon start dumping the bitcoins they have received for solving blocks.

 

[Sakkura]

The amount of bitcoins entering the market will not increase, it will drop. So that bitcoin crash isn't going to happen, at least not for that reason.

 

[littleleo]

The days of mining Bitcoins with AMD cards has passed now people are buying special high-end ASIC machines to do it and as you approach the max amount of Bitcoins the value of the bitcoins drops more and more. That may make the interest in the mining of Bitcoins drop. Which will reduce the number of people doing the farming. Since many still don't know what a Bitcoin is most don't know how they can effect the world economy. I don't know what will happen when people try to sell their bitcoins. Regular market factors say if lots of Bitcoins hit the market at the same time and they overwhelm the demand the value will drop. Will there be a crash... who knows for sure. But I must ask how did we end up on the Bitcoin topic from a GTX 770 review? LOL!!

 

[Sakkura]

The days of mining Bitcoins with AMD cards has passed now people are buying special high-end ASIC machines to do it and as you approach the max amount of Bitcoins the value of the bitcoins drops more and more.

The value of Bitcoins will not drop because production of them slows down - if anything, it would tend to go in the opposite direction.