Topic: ActiveMining Overview and Speculation Thread - page 7. (Read 168100 times)

I realize that miners will exist the entire life of bitcoin -- that's sort'a *defines* bitcoin's "aliveness."
Not sure what you mean by "a hashing chip in my car."  Are you suggesting that electricity generated by burning gasoline is cheaper than the stuff i buy from my power co?
And sure, people will mine with whatever while it is profitable.  Mining with GPUs is already *un*profitable, so even a free GPU is mining at a loss vs. energy costs, a million GPUs would compound that loss a million-fold -- DO NOT WANT.
Which part of my argument do you find flawed?

You fail to realize that not only is ActM selling chips in addition to hashing, we are going to need people mining for the entire life of bitcoin. There may be different implementations of this in the future (a hashing chip in your car, for example.) But there will always be a need for chips. Sometimes it will be profitable to hash, sometimes it will not. People will make that decision at that point. Any company around now that can continue being a leader in chip production/distribution is going to have massive profits for a long time.

You fail to realize that not only is ActM selling chips in addition to hashing, we are going to need people mining for the entire life of bitcoin. There may be different implementations of this in the future (a hashing chip in your car, for example.) But there will always be a need for chips. Sometimes it will be profitable to hash, sometimes it will not. People will make that decision at that point. Any company around now that can continue being a leader in chip production/distribution is going to have massive profits for a long time.

There could also be *no* winners here, other than the principals of companies taking pre-orders.  If the difficulty growth predictions prove correct, that will, indeed, be the outcome of this ASICmania

This is the reason why I will never sell my shares, ActM for life.

eASIC Raises $23.5M of Growth Capital

Financing to fund global expansion and fulfill fast-growing product demand

Santa Clara, CA – September 9, 2013 – eASIC® Corporation, a leading provider of Single Mask Adaptable ASIC™ devices today announced that it has closed a $23.5M growth capital financing. The funding includes investment from Khosla Ventures, Kleiner Perkins Caufield and Byers, Crescendo Ventures, Seagate Technology and Evergreen Partners. eASIC® will use the capital to fund expansion of its US and European development organizations and to provide working capital associated with the fast-growing demand for its Single Mask Adaptable ASIC devices.

"eASIC has become the go-to provider for cost effective, mass customization devices", said Ronnie Vasishta, President and CEO of eASIC. "Our success in wireless infrastructure and the storage market, coupled with several new key design wins in the high-volume automotive market drove the targeted $20M round to be oversubscribed to $23.5M. This significant funding by leading venture firms and a strategic partner positions us well to expand our development and customer organizations as we execute on our recent wins and broad customer pipeline."

"The convergence of eASIC’s unique technology, the demand for mass customization combined with the need for low-cost and fast time to market solutions is creating an unprecedented opportunity for eASIC to emerge as the de facto solution for custom silicon platforms", said Mike Kourey, a Partner at Khosla Ventures. "With this growth capital financing, eASIC and its strong leadership team is in a position to fully execute on its strategy and fulfill the demand of its broadening base of customers and platforms."