Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?
Bitfury is definitely contributing a lot. The GHash mining pool is at 430 TH/s right now.
https://ghash.io/
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 661. (Read 3917468 times)
October 14, 2013, 01:06:18 AM
Bitfury is definitely contributing a lot. The GHash mining pool is at 430 TH/s right now.
https://ghash.io/
October 14, 2013, 12:55:44 AM
Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?
Bitfury is definitely contributing a lot. The GHash mining pool is at 430 TH/s right now.
https://ghash.io/
October 14, 2013, 12:52:35 AM
Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?
October 13, 2013, 06:58:18 PM
I can't tell if pand70 is ignorant or just a troll.
end of conversation.
please talk about your views on this infinite exponential elsewhere.
everyone here knows it's going to be a sigmoid growth curve. well i hope so anyway.
end of conversation.
please talk about your views on this infinite exponential elsewhere.
everyone here knows it's going to be a sigmoid growth curve. well i hope so anyway.
October 13, 2013, 06:41:13 PM
And what exactly is it that will stop hashrate from rising exponentially?
economics. Once the incentive to add more hash power to the network wears off, you see a rapid decline in deployment. We should see the beginnings of it early next year if the purchasing power of the bitcoin doesn't make another 10x rally.
October 13, 2013, 04:57:10 PM
What is so hard to understand here?
Difficulty will rise as long it is profitable to mine. This depends on hardware efficiency and, of course, the price of bitcoins. So supposed price would stay stable and no further improvements were made in hardware technology, difficulty would also stabilize at some point (maybe 20 PH/s ? ). But if the prize of bitcoins continues to rise you will see a accompanying rise in difficulty.
Difficulty will rise as long it is profitable to mine. This depends on hardware efficiency and, of course, the price of bitcoins. So supposed price would stay stable and no further improvements were made in hardware technology, difficulty would also stabilize at some point (maybe 20 PH/s ? ). But if the prize of bitcoins continues to rise you will see a accompanying rise in difficulty.
October 13, 2013, 04:16:28 PM
Unless the value of BTC rises significantly we will almost certainly overshoot when it comes to hashing power (considering all the pre-orders still tied up in the system). AM will likely be better off selling hardware (while there is still an appetite in the market) than deploying it. Uncertain times ahead.
October 13, 2013, 03:47:24 PM
It's an exponential increase, that's all you need to know to answer the question "Is it sustainable forever?" with no.
What stops it from going up exponentially forever is that in a finite system with finite resources you cannot get an arbitrarily high hash rate. Moreover, since the exponential is a very rapidly increasing function, resources will be exhausted pretty soon, so it cannot continue for very long.
Are you guys making arguments about the word "forever".
What's next? Talking about how the sun eventually will go off...Oh wait...you covered that by pointing out the finite resources issue...
Try to understand the context please...
There is no question of forever here. The exponential we are talking about is growing so fast that it has to slow down very soon, as I said. We are talking about a year or so. Something on that scale. The problem is that it will slow down only several months after everybody realized that there is no more profit to be made and that will be too late.
October 13, 2013, 03:28:10 PM
It's an exponential increase, that's all you need to know to answer the question "Is it sustainable forever?" with no.
What stops it from going up exponentially forever is that in a finite system with finite resources you cannot get an arbitrarily high hash rate. Moreover, since the exponential is a very rapidly increasing function, resources will be exhausted pretty soon, so it cannot continue for very long.
Are you guys making arguments about the word "forever".
What's next? Talking about how the sun eventually will go off...Oh wait...you covered that by pointing out the finite resources issue...
Try to understand the context please...
October 13, 2013, 03:12:34 PM
Hashrate wont continue to rise exponentially forever. At some point it will taper off and the share prices will go up again.
And what exactly is it that will stop hashrate from rising exponentially?
What stops it from going up exponentially forever is that in a finite system with finite resources you cannot get an arbitrarily high hash rate. Moreover, since the exponential is a very rapidly increasing function, resources will be exhausted pretty soon, so it cannot continue for very long.
But this does not mean that when the hash rate starts to stabilize anybody will still be profitable. In fact, there are indications that by the time this happens (in a year or so), everybody will be hashing just to limit their losses and nobody will make any profit. So I am not quite sure about the share price rising...
October 13, 2013, 02:34:36 PM
You do understand that Moore's law is just an observation right? For various reasons it works but it can't allow or disallow anything at all...
And hashrate has a long way to go since it will start get limited by Moore's law...
It's an exponential increase, that's all you need to know to answer the question "Is it sustainable forever?" with no.And hashrate has a long way to go since it will start get limited by Moore's law...
October 13, 2013, 02:17:17 PM
Hashrate wont continue to rise exponentially forever. At some point it will taper off and the share prices will go up again.
And what exactly is it that will stop hashrate from rising exponentially?
Hashrate increasing faster than Moore's law allows for?
You do understand that Moore's law is just an observation right? For various reasons it works but it can't allow or disallow anything at all...
And hashrate has a long way to go since it will start get limited by Moore's law...
October 13, 2013, 01:42:48 PM
Hashrate wont continue to rise exponentially forever. At some point it will taper off and the share prices will go up again.
And what exactly is it that will stop hashrate from rising exponentially?
Hashrate increasing faster than Moore's law allows for?
October 13, 2013, 01:40:29 PM
I think you either need to be the best in $/GHs or in W/GHs - Both are viable strategies for now and different product lines can exist concurrently.
Watts per Gigahash is of much smaller importance than Cost per GH. You are talking cents on the dollar and only becomes important near the end of the units life when it is struggling to stay profitable. The beginning of its life is going to show far more profit than the end of it so of course cost per gh is most crucial
I don't care about the power costs. It's getting colder now where I live and will likely be cold for many months until next year's spring. All the power used by my mining gear will increase the heat in my house, resulting in a lower heating bill, which will offset the power costs of the devices.
October 13, 2013, 01:39:30 PM
Hashrate wont continue to rise exponentially forever. At some point it will taper off and the share prices will go up again.
And what exactly is it that will stop hashrate from rising exponentially?
October 13, 2013, 01:12:16 PM
I think you either need to be the best in $/GHs or in W/GHs - Both are viable strategies for now and different product lines can exist concurrently.
Watts per Gigahash is of much smaller importance than Cost per GH. You are talking cents on the dollar and only becomes important near the end of the units life when it is struggling to stay profitable. The beginning of its life is going to show far more profit than the end of it so of course cost per gh is most crucial
October 13, 2013, 11:59:35 AM
I think you either need to be the best in $/GHs or in W/GHs - Both are viable strategies for now and different product lines can exist concurrently.
October 12, 2013, 10:02:41 PM
to da mooooooooon !
October 12, 2013, 08:22:49 PM
Hashrate wont continue to rise exponentially forever. At some point it will taper off and the share prices will go up again.
I believe that Chinese company will at least get some portion in this game ...and I believe AM should be the one ....once that fully custom 55nm come out ,thus 28nm altera based system should be no way to compete with ,due to the cost of manufacture....
October 12, 2013, 07:44:42 PM
Really risky to buy in when there's no solid info about the Gen2 chips.
Moreover, before buying, make sure you have considered the risk that Cointerra may be successful in their 22nm chips and sell hardware at $3/GH on Jan 2014. I believe AM will survive next year, but not likely to have the same advantage as this year. You could look at AM's price at early this year when they were clearly the first ASIC miner, and then predict its price when they don't have advantage anymore now.
Moreover, before buying, make sure you have considered the risk that Cointerra may be successful in their 22nm chips and sell hardware at $3/GH on Jan 2014. I believe AM will survive next year, but not likely to have the same advantage as this year. You could look at AM's price at early this year when they were clearly the first ASIC miner, and then predict its price when they don't have advantage anymore now.
high return involves high risk, which is always the case.
It is true that there is no positive information about the gen2 chips. All we know is friedcat and his team are working hard on that. Based on what they have achieved this year, pay 0.9BTC/share to buy/risk/gamble/invest(whatever you call it) its success, is a good deal or not? You have to make your own choice.
It's difficult imo for AM to compete and recoop the dev costs of a new production line for several reasons:
* The smaller the chip size the larger the R&D/setup costs for production
* The currently expressed chip size will be undesirable to the market given that better alternatives are currently shipping
* The previous customer base hasn't/will not be re-cooping the cost of their previous expenditures on AM products and will not have much desire to spend on more
* If they do produce the expressed target chip size they will be at a cost disadvantage in what is soon to be a very tight profit margin squeeze for the industry
So then we have mining. . . AM has shown a propensity to not be able deploy and keep up with the network hashrate. aside from the beginning when it was easy, I have not seen them show the capability of reaching their target goals on hashrate. Each time, the target mining hashrate was met hugely late or missed completely.
Now, you can get all butt hurt and tell yourself I'm trolling, and I couldn't care less, but anybody new coming into this needs realize these shares should be entered into with trepidation and are not necessarily "discounted" for unfounded reasons.
g' luck all and happy trading
Hashrate wont continue to rise exponentially forever. At some point it will taper off and the share prices will go up again.
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