Originally Posted by ZytheEKS
Well his predictions were long term, and only a month has gone by. As soon as ASICs hit the market these won't cater to hardcore miners anymore, plus once AMD get's their act together low supply shouldn't be bad, so his predictions might very well work out in the not so distant future. ASICs are planned to hit the market in 2nd-3rd quarter 2014, and AMD I'm sure doesn't plan to ignore this.
So short term, yeah, prices are going to keep going up. By 3rd quarter 2014? They should drop by then.
Our conversation was not based on the long term. Was based on the short term price drop which he mentioned a possibility of stabilization while I mentioned the complete opposite. A quick dump of prices to sell out stock.
Asics are a myth to scrypt mining unless you physically went to China and have one. You speak of asic scrypt miners as if they provide 500% hash for 500% less watt consumption. Until one is made they hold no weight, don't fool yourself thinking there are 1000 scrypt asic's being made. IF any are being made it is for the people making them and their friends. If you were around a few years ago you would notice the nonsense it was to buy a butterfly labs asic and other asics.
You spend $2000-5000, you wait 3months-1year. By the time you received your hardware , everyone has made profit but you. You try to make profit and the difficulty is increased so much that now your spending far longer then everyone to profit.
If you are referring to alpha tech then read http://www.reddit.com/r/litecoinmining/comments/1uveun/alpha_technologys_scam_team_akram_akram_akram_and/
If you are referring to gridseed then there is a chance some asics will be released
Originally Posted by lacrossewacker
Guys, these R290's are nothing special. Newegg isn't doing anything shady.
Have any of you gone to your local store today to buy a dozen roses? You'll see exactly the same thing going on.
Comparing roses to graphics card is like comparing Milk to truck tires.Edited by INCREDIBLEHULK - 2/14/14 at 10:47am