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RE: I will be mining Bitcoin Gold🍻

in #bitcoin7 years ago

Probably about as popular at Bitcoin cash.... I guess there's hope that those GPU's will be revived. Hard to compete with ASIC, when you can buy one for $1500 and it brings in $300(min) per month, then you can sell it on eBay for the amount you paid for it as soon. As the new model comes out.

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Interesting. My experience with ASIC is the opposite. Buy it and mine maybe a third of what you paid for it and sell it for less than half the price. Haven’t mined ASIC in a few years

A 4 GPU miner is about $4-$5k vs ASIC at $1500. The S7 was selling for $1200 on eBay about two weeks ago. Now they are down to about $700 on eBay. I think it's really about timing. I do think your GPU Mining will not regress as fast in its payouts vs. ASIC - so that's good. Your cards hold their value too. I guess it really depends on how much you want to spend up front to get in; how long of a ROI you can tolerate - and IF you can get your hands on an Antminer when they first come out. I'd really like to get a GPU rig - but I just can't justify paying $4-5k and earn $300/month vs. spending $1500 & earn $300/mo on ASIC. I really hope that the new BTC Gold can reignite the GPU potential though. Thanks for your article and keep up the good work.