Topic: After ASIC what comes next? - page 3. (Read 12752 times)
ASIC is just an acronym for Application Specific Integrated Circuit. The technology may change and improve but the basic idea is still the same. Specialization of integrated circuitry in order to enhance a specific application.
ASIC mining is getting profitable ? I am thinking about this...
well i would take a look and be aware of the updates in gaw miners site they do seem to have a asic tech quite good they might find another also less expecive in watts and more efective in THs it means the hardware might go to a good ending in mining those blocks and diff may rise and coins may slow down or then just keep up the scall of growning to the btc value the more they mine the more btc are and the vaue it may come like more becuase of the value of hardware to mine and diff rise too btc will defenitly will rise agains dollar euro and yen
Dont forget new ASIC is comming out soon, so be sure and expect a highter diff in the next few months, so sad, because like now only chinnese farmers and a few other are able to mine BTC
Maybe ppl should start to think about other ways to mine, there is some good chooises on the ALT market like the burst and his POC algorithm, and im talking about poor ppl like me
Maybe ppl should start to think about other ways to mine, there is some good chooises on the ALT market like the burst and his POC algorithm, and im talking about poor ppl like me
hi!!!
i think now it is the only profitable alt-Coin.
GPU mining era it is finished!!!
Dont forget new ASIC is comming out soon, so be sure and expect a highter diff in the next few months, so sad, because like now only chinnese farmers and a few other are able to mine BTC
Maybe ppl should start to think about other ways to mine, there is some good chooises on the ALT market like the burst and his POC algorithm, and im talking about poor ppl like me
Maybe ppl should start to think about other ways to mine, there is some good chooises on the ALT market like the burst and his POC algorithm, and im talking about poor ppl like me
It's time for new super efficient ASICs to hit the market with btc prices being so low.
after ASIC comes BSIC.....literally
As in "Bitcoin Specific Integrated Circuit"? While a BSIC would be a type of ASIC, you got me thinking about this from a marketing perspective.
Very interesting.
I'm happy to have provided the spark but TBH I was just being silly...BSIC coming after ASIC as in AFTER you buy an ASIC you will BE SICK! (no ROI, falling coin, etc.).
after ASIC comes BSIC.....literally
As in "Bitcoin Specific Integrated Circuit"? While a BSIC would be a type of ASIC, you got me thinking about this from a marketing perspective.
Very interesting.
I'm happy to have provided the spark but TBH I was just being silly...BSIC coming after ASIC as in AFTER you buy an ASIC you will BE SICK! (no ROI, falling coin, etc.).
after ASIC comes BSIC.....literally
As in "Bitcoin Specific Integrated Circuit"? While a BSIC would be a type of ASIC, you got me thinking about this from a marketing perspective.
Very interesting.
after ASIC comes BSIC.....literally
My friend, it is hard to honestly say. When BTC first came out, none of us expected we could mine it at hashrates so high that dozens of graphic cards wouldn't even be able to compete. So really, it will just be something super unexpected or crazy.
Maybe it will be like the evolution of Jump drives and SD cards? At one time you had to pay like 350$ for 128MB SD card, but now you wouldn't pay that much for a 1TB external hard drive.
Maybe it will be like the evolution of Jump drives and SD cards? At one time you had to pay like 350$ for 128MB SD card, but now you wouldn't pay that much for a 1TB external hard drive.
Cathode Ray Tubes 
jk....
jk....
So somebody develops the "Uber Quantum Bitcoin Mining Gadget". It's 100x the speed of anything we have today, and uses 1/10 the power. The owners of this magical device light it off. Assuming the normal difficulty adjustment rules apply, a few periods later difficulty has literally "skyrocketed" (not just the usual hyperbole).
What did it cost? What happens next? Most all the existing mining hardware has been rendered obsolete, and people literally turn off gear and scrap. They can't just sell it, since there are no buyers.
Sounds like we have just one "centralized" mining entity, doesn't it?
What did it cost? What happens next? Most all the existing mining hardware has been rendered obsolete, and people literally turn off gear and scrap. They can't just sell it, since there are no buyers.
Sounds like we have just one "centralized" mining entity, doesn't it?
im with you pal, the next move for big miner is eco mining, it seems that miners are more worry about energy consumption and electricity cost then the price of btc at some points.
So somebody develops the "Uber Quantum Bitcoin Mining Gadget". It's 100x the speed of anything we have today, and uses 1/10 the power. The owners of this magical device light it off. Assuming the normal difficulty adjustment rules apply, a few periods later difficulty has literally "skyrocketed" (not just the usual hyperbole).
What did it cost? What happens next? Most all the existing mining hardware has been rendered obsolete, and people literally turn off gear and scrap. They can't just sell it, since there are no buyers.
Sounds like we have just one "centralized" mining entity, doesn't it?
What did it cost? What happens next? Most all the existing mining hardware has been rendered obsolete, and people literally turn off gear and scrap. They can't just sell it, since there are no buyers.
Sounds like we have just one "centralized" mining entity, doesn't it?
A little random, but Im supprised that everyone seems so sarcastic about quantum computing: certain labs have been able to send data using quantum computing and were even able to run the most basic algorithm that would be predicted to work. It may not sound like much, but quantum computing will be something will have access to relatively soon.
Quantum computing has a few issues.
1) We are a very very long way from making a working quantum computer. All that we can do at the moment is create a quantum bit (qbit) and manipulate it in simple ways.
2) Quantum computing is not deterministic with exact answers as in traditional computing. Instead a quantum computer would give results with a probability of being correct. A program run on a quantum computer may give a slightly different result each time it is run.
Quantum computing has some similarities to analog computing.
3) Quantum computers cannot solve anything beyond that possible with traditional computers. They are just theoretically faster for specific problems.
In more detail a qbit is the quantum equivalence of the traditional computing 0 and 1 except it has a probability of being any value between 0 and 1. For example a qbit could be loaded with a 25% probability of being 1, thus an 75% probability of being a 0. Various operations are then available to manipulate and combine qbit probabilities. It is only when the final result is read out that everything reverts to the traditional 0 and 1 world based on the final probabilities.
See for example http://gizmodo.com/whats-wrong-with-quantum-computing-1444793497
and
http://www.cs.virginia.edu/~robins/The_Limits_of_Quantum_Computers.pdf
A little random, but Im supprised that everyone seems so sarcastic about quantum computing: certain labs have been able to send data using quantum computing and were even able to run the most basic algorithm that would be predicted to work. It may not sound like much, but quantum computing will be something will have access to relatively soon.
Just a question: after the hitting to new low and the increasing difficulties , Does mining still profitable?
If u r into cloud mining, then it actually depends on at what rate your buying the Ghs.
Just a question: after the hitting to new low and the increasing difficulties , Does mining still profitable?
i heard that antminer s5 use 22 nm, if i'm not mistaken
The S5 uses an improved 28nm design.
Need to boot all the chinese out of the network, that will bring the hashrate back down and mining back to where it was. Those greedy pricks are ruining btc. I bet every single time a block is found by discuss fish its sold in a heart beat.
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