Topic: after asics? (Read 3242 times)

Injectable bitcoin miners for every human born. X% of funds automatically gets diverted to fund GovCoin.

/bigbrother

Well, when quantum computers are released for personal use, maybe. But if you can ever get time on one of the few D-Wave machines out there, I'd like to see what it can do.

quantum computers!

All these ASIC's will do, is spend 90% of the time sitting on their thumbs, or verifying what the greater majority of the GPU's have done.

If they even survive... If they are doing nothing 90% of the time, because there is no more work to be done... What can they actually make?

It is the "volume" of workers, not the speed of the worker, which wins this race. CPU's died because they didn't have volume or speed. GPU's have volume and speed. ASIC's only have speed.

They still have to pull from the same pools as everyone else, and while they are solving "ABCDEFGHIJKLMNOP" as one fast chunk... the ones who solved "A" and "B" and "C" and "D" and ... ... ... "P" first, still win.. The cores they run are still slower than GPU cores. Since they are not multi-million-dollar companies who actually figured-out how to build a real chip, with fast cores.

Not to mention all the "hate" they will take, being targets of those with all these GPU's that can't cut-it, and decide to use the power they do have, to thwart the ASIC connections and pools and chains...

The issue I have with ASIC's, is that the manufactures of them, are hording our money to build themselves super-computers, and giving us a few crumbs in return (selling of x-number units, while they keep x*10-number of units for themselves, with our money.) Just imagine them "making thier own fraudulent chains", and being used to thwart all the real chains, since they are making them faster!

LOL... OMG, I must state my "Concern" with 256-bit encryption... I feel I can no longer use bitcoin, unless I have 512-bit security now... OMG ASIC fail! lol... Free 1:1 conversion to the new 512-bit encryption... GPU WINS! For the people, by the people... not for the man, by the man, at the cost of the people...

It is the peoples currency, and the people have spoken... demand 512-bit... or at-least 257-bit! lol... one bit at a time... die ASIC DiE

I did say "and that day may never come".

Also, if they did join, they would just be manufacturers. They will sell the chips to end users like us, same as with their current line of microprocessors. They won't be mining.

And if one company starts, another company will join in. So they can sell more shovels.

I highly doubt that. Intel and AMD would have no interest in doing so. If they did they would inflate the market to a point where nobody else could compete, and there wouldn't really be any more hobbyist miners.

When will BFL start taking pre-orders on those :p

Ionic chips are prototype right?

Remember ASIC's have been around for decades, for a ionic chip that doesn't even exist yet to become the next big thing in mining we would have to wait a long time. At the moment there is nothing after ASIC, only experimental technology that is no where near ready for any real use.

ASIC tech has been proven for a long long time.

it will be this, only for reducing electricity cost!
http://io9.com/5583453/nano+generators-can-harvest-electricity-from-your-blood

More realistically, smaller ASIC chips. The Avalons are 0.11 microns. There are rumors of 28 nm tech. No one believes they currently exist yet.

There are two latest discoveries both pointing to much lower electricity consumption for the same performance: Ionic liquid and Quantum anomalous hall effect

W'll see when will them become available, maybe 5 years from now on

One day, and that day may actually never come, Intel and AMD and Nvidia and ATI will join the game (or some other really large chip company). Then we will see smaller Asics. Desktop sized machines doing 1 TH/s or DVD player sized machines doing 100 to 200 GH/s.

It's really just going to get smaller and faster, like all other technology. Just look at processors and graphics cards: compare one made today, to one made 5 years ago.

that's actually a big problem.  There is no next level until you hit an investment of $25,000,000+++  Probably much much higher.  You are better off taking the existing Avalon chip and trying to make a super computer by placing 100 of them on a board (or just buy the avalon with 80).  But as I think you know it won't pay for itself.

more ASICs.  Obviously. :-)

They will make them faster and pack more into a the box.

Just extra production techniques, and cheaper/faster ASIC rigs, depending on where bitcoin is at that time.

FPGA could make a comeback if the chips could be bought and produced en-masse. I just like FPGA's because I can use them for so many other things than just mining.

improbability engine

rofl

Once practical quantum computing becomes available, then bitcoin will upgrade to quant-coin and use entangled q-bits.  The proof of work will have to change as peeking to see if you hashed correctly will invalidate its state. 

Nothing except perhaps quantum computations.  ASIC means Application Specific Integrated Circuit.  It means the chip was built specifically to do one task and do it well.
Other than increasing the clock rate or finding short cuts etc, in a nutshell just making incremental improvements.

BTW if/when Quantum Computing becomes mainstream all of bitcoin is horked.  Cracking the hashing algorithm used for bitcoin is one of the primary applications of quantum computers and one reason why so many governments are pissing money into quantum computing.  If you can defeat the algo bitcoin uses nearly every encrypted message on the planet becomes readable.

We build a better/faster/more_efficient version?

https://bitcointalksearch.org/topic/designing-the-next-generation-fast-crypto-currency-mining-machine-179033