Author

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 800. (Read 3917468 times)

hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
Purchased my first ASICMINER share. Let it rally!

Is this a message from the past?
member
Activity: 98
Merit: 10
I do not sell Bitcoins. I sell SHA256(SHA256()).
Purchased my first ASICMINER share. Let it rally!
legendary
Activity: 2674
Merit: 3000
Terminated.
Only 11k replies to go through..
donator
Activity: 294
Merit: 250

"three ASICMINER Block Erupter USBs that mine for Bitcoins at 334 GH/s each!"

Isn't it 334 MH/s each?

Thank you for pointing out this typo! Tip address?

You're welcome!

14ajMLiVuvh9xNcMXF1i9kYAPdvoLCSM1s

thanks alot!

Tip sent, cheers.   :-)

Thanks again.
full member
Activity: 212
Merit: 100

"three ASICMINER Block Erupter USBs that mine for Bitcoins at 334 GH/s each!"

Isn't it 334 MH/s each?

Thank you for pointing out this typo! Tip address?

You're welcome!

14ajMLiVuvh9xNcMXF1i9kYAPdvoLCSM1s

thanks alot!
donator
Activity: 294
Merit: 250

"three ASICMINER Block Erupter USBs that mine for Bitcoins at 334 GH/s each!"

Isn't it 334 MH/s each?

Thank you for pointing out this typo! Tip address?
full member
Activity: 212
Merit: 100

"three ASICMINER Block Erupter USBs that mine for Bitcoins at 334 GH/s each!"

Isn't it 334 MH/s each?
hero member
Activity: 672
Merit: 500
after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?


currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating

Did you just pull that out of your ass?
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?


currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating

This is a ludicrous sentiment. Mining revenues are about $100M a year. AMD's yearly revenue, across all products, is only a little north of a billion. It would definitely be on their radar, since they could grab almost the whole market with little investment. By the way: companies don't ignore sectors just because they're only ~10% of their revenue. If that was true, GE and HP would never release new products. But we see them buying up little companies and launching products all the time.

However, the proposition is even BETTER for Intel, who, unlike AMD, already owns the fabs needed to crank out some chips and keep the cost of dominating mining extremely low (AMD has to contract out, so they've got an economy of scale issue that Intel doesn't).

The real reason that neither AMD or Intel has made a move is that they're both uncertain of the legality of Bitcoin mining, and the tax implications. Even $100M isn't worth taking a legal risk. That's all there is to it.

Also, these companies are certainly controlled by institutionnal investors that have a lot to lose by a fiat monetary system alternatives

That's got nothing to do with it. Bitcoin doesn't need Intel or AMD, so avoiding the bitcoin mining sector does nothing except cost potential profit.

And if institutional investors really considered Bitcoin a credible threat, it'd have been 51% attacked to death by now. Since they 'control those companies', remember?
member
Activity: 112
Merit: 10
after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?


currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating

This is a ludicrous sentiment. Mining revenues are about $100M a year. AMD's yearly revenue, across all products, is only a little north of a billion. It would definitely be on their radar, since they could grab almost the whole market with little investment. By the way: companies don't ignore sectors just because they're only ~10% of their revenue. If that was true, GE and HP would never release new products. But we see them buying up little companies and launching products all the time.

However, the proposition is even BETTER for Intel, who, unlike AMD, already owns the fabs needed to crank out some chips and keep the cost of dominating mining extremely low (AMD has to contract out, so they've got an economy of scale issue that Intel doesn't).

The real reason that neither AMD or Intel has made a move is that they're both uncertain of the legality of Bitcoin mining, and the tax implications. Even $100M isn't worth taking a legal risk. That's all there is to it.

Also, these companies are certainly controlled by institutionnal investors that have a lot to lose by a fiat monetary system alternatives
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?


currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating

This is a ludicrous sentiment. Mining revenues are about $100M a year. AMD's yearly revenue, across all products, is only a little north of a billion. It would definitely be on their radar, since they could grab almost the whole market with little investment. By the way: companies don't ignore sectors just because they're only ~10% of their revenue. If that was true, GE and HP would never release new products. But we see them buying up little companies and launching products all the time.

However, the proposition is even BETTER for Intel, who, unlike AMD, already owns the fabs needed to crank out some chips and keep the cost of dominating mining extremely low (AMD has to contract out, so they've got an economy of scale issue that Intel doesn't).

The real reason that neither AMD or Intel has made a move is that they're both uncertain of the legality of Bitcoin mining, and the tax implications. Even $100M isn't worth taking a legal risk. That's all there is to it.
donator
Activity: 1731
Merit: 1008
after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?


currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating
FYI, AMD is producing it's chips in the same foundry as BFL  ... GloFo

A well made 55nm chip could end up being much more profitable than a 28nm chip that cost more and is ,for example, 6 month late.
hero member
Activity: 546
Merit: 500
after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?


currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating
hero member
Activity: 560
Merit: 500
One year ago, a small group of individuals with a grand vision came together and collaborated their efforts. They shared their idea with the community, allowing others to join in the project to come. Within 6 months, they started the largest collective mine and are now considered one of the most (if not the most) successful Bitcoin companies.

Happy Birthday/Anniversary, BitFountain/ASICMiner! May you have many more.



Shameless repost but friedcat: "SPEECH! SPEECH! SPEECH"
sr. member
Activity: 392
Merit: 250
Friedcat, the chinese jew cat!
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Heh.  I don't have enough coin for this, not by a long shot.  But with Friedcat, who knows about some day?   Grin




In that case
full member
Activity: 194
Merit: 100
Heh.  I don't have enough coin for this, not by a long shot.  But with Friedcat, who knows about some day?   Grin



legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Its down for me as well
With lag on btct
hero member
Activity: 784
Merit: 501
Anyone else unable to access Havelock?

I can't access the site also. Sad
Jump to: