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0 pointsihsw13y ago0 comments

This waxing and waning of mining devices is certainly going to become the norm.

* Buy up $10K worth of devices

* Make your money while flooding the market with fast and easy BTC

* Sell off all your hardware after the profit margins have cratered

* Wait for new hardware and rinse and repeat

Personally I will be extremely glad when the first wave hits as the hoarders will start feeling the pinch of inflation.

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sachingulaya13y ago

The evolution was CPU -> GPU -> FPGA -> ASIC. Now that we're at the ASIC stage growth is going to slow considerably. There's no longer order of magnitude gains to be made.

vl13y ago

>at the ASIC stage growth is going to slow considerably

Yes, buy these are 110nm v1 designes, it looks like they will be able to squeeze something like 10x per watt by moving to better process and iterating on design. And probably additional 10x in cost by ordering more than current quantities that are in the ballpark of the smallest possible order.

Right now entire network runs at speed equal to all hardware in first two Avalon batches (300 and 600 units). When batch 2 and 3 and BFLs hit in the future, everything else is going to be wiped out. But then it will be wiped out again by the next iteration.

nazgulnarsil13y ago

bitcoin does not work that way. Inflation decreases at a set rate.

jquery13y ago

Difficulty adjusts week-to-week. Being the only guy with an ASIC is like a license to print money. Being the 10,000th person with an ASIC will be like trying to mine with a netbook today.

ihswOP13y ago

Supply will always be constant however how it's divided changes -- people who previously enjoyed lack of competition are now having their feet held close to the fire.

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