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Topic: 2014: The year of the mining bubble - page 2. (Read 3364 times)

full member
Activity: 154
Merit: 100
playing pasta and eating mandolinos
December 02, 2014, 04:38:52 AM
#17
ASICs will get more efficient, but in term of hashing power they have already approached the state of the art in computing hardware. Unless the state of the art is improved (how, exactly? optical circuitry? quantum dreams?), then there will never be such dramatic rises in the network hashing power again.
newbie
Activity: 11
Merit: 0
December 02, 2014, 04:07:25 AM
#16
2014 will be end, the only thing I can be sure is that the price will not raine much. so sad
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
December 02, 2014, 03:32:59 AM
#15
KNC is already aiming for 10x increase in efficiency by 1st quarter 2015, don't really believe it since it is not open sale
hero member
Activity: 602
Merit: 500
December 01, 2014, 09:06:47 AM
#14
Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  Angry

"Faster" miners doesn't affect the emission schedule
They do. Otherwise Jan 2017 would be the halving but it's July 2016. Six month difference.

bitcoin slow difficultyretarget makes it possible to mine more with faster miners.
legendary
Activity: 3598
Merit: 5069
December 01, 2014, 08:32:47 AM
#13
2014: The Year of the Troll

+1000, Good lord yes you nailed it.  I can't wait for another rally to send these asshats away for at least 4-6 weeks.  We need a reprieve from all the bullshit spewed over the last 12 months.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
December 01, 2014, 04:36:34 AM
#12
http://bitcoin.sipa.be/speed-lin-ever.png

Looks like we'll get a very slight difficulty increase. Mining might be set to stabstabilize a bit. Anyone know when next gen asics hit?

Sounds about right this year the mining difficulty went up exponentially
As for next generation ASIC's there are always units in production but it's difficult to put any dates on them as far as I know AM gen 4 is still in design not fabricating and most current chips are just being sold.

I would agree in saying that Q2 2015 is when we get better chips in.
(Honestly looks like a mining bubble using that chart but not sure if those things pop or just keep going ^^)
Or lead to a stable bitcoin price but 2014 was an interesting year
Year of Retail Adoption
Next Year
Year of Early Stage Development and low level mainstream users.

Don't see how that's true.

2014 was year of VC & mining investement. Retail adoption is a sideshow and will remain marginally important for some years
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
December 01, 2014, 04:30:47 AM
#11
http://bitcoin.sipa.be/speed-lin-ever.png

Looks like we'll get a very slight difficulty increase. Mining might be set to stabstabilize a bit. Anyone know when next gen asics hit?

Sounds about right this year the mining difficulty went up exponentially
As for next generation ASIC's there are always units in production but it's difficult to put any dates on them as far as I know AM gen 4 is still in design not fabricating and most current chips are just being sold.

I would agree in saying that Q2 2015 is when we get better chips in.
(Honestly looks like a mining bubble using that chart but not sure if those things pop or just keep going ^^)
Or lead to a stable bitcoin price but 2014 was an interesting year
Year of Retail Adoption
Next Year
Year of Early Stage Development and low level mainstream users.
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
December 01, 2014, 03:32:40 AM
#10
2014: The Year of the Troll
legendary
Activity: 980
Merit: 1040
December 01, 2014, 03:29:36 AM
#9
2014: The year of the mining ponzi's
legendary
Activity: 997
Merit: 1002
Gamdom.com
December 01, 2014, 03:27:39 AM
#8
I wont sell my coins, forget it! Roll Eyes
legendary
Activity: 1512
Merit: 1000
December 01, 2014, 02:33:16 AM
#7

Quote
Since the last halving event, the average bitcoin price has been $337.30 and 411,350 coins have been issued ahead of schedule, equal to approximately $138 million.

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

Hardly anything the market can't digest

And at the halving we shall rejoice! 
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
December 01, 2014, 02:02:44 AM
#6
Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  Angry

"Faster" miners doesn't affect the emission schedule
They do. Otherwise Jan 2017 would be the halving but it's July 2016. Six month difference.

Correct, my mistake.

Still...

Quote
Since the last halving event, the average bitcoin price has been $337.30 and 411,350 coins have been issued ahead of schedule, equal to approximately $138 million.

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

Hardly anything the market can't digest
hero member
Activity: 900
Merit: 1014
advocate of a cryptographic attack on the globe
December 01, 2014, 01:51:35 AM
#5
Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  Angry

"Faster" miners doesn't affect the emission schedule
They do. Otherwise Jan 2017 would be the halving but it's July 2016. Six month difference.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
December 01, 2014, 01:48:38 AM
#4
Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  Angry

"Faster" miners doesn't affect the emission schedule
full member
Activity: 126
Merit: 100
December 01, 2014, 01:46:43 AM
#3
Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  Angry
legendary
Activity: 1512
Merit: 1000
December 01, 2014, 01:46:19 AM
#2
Q2 2015.
hero member
Activity: 900
Merit: 1014
advocate of a cryptographic attack on the globe
December 01, 2014, 01:44:35 AM
#1
http://bitcoin.sipa.be/speed-lin-ever.png

Looks like we'll get a very slight difficulty increase. Mining might be set to stabstabilize a bit. Anyone know when next gen asics hit?
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