did ASIC ruin bitcoin ? - page 7. | Bitcointalksearch.org

millsdmb

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Quote from: WEB slicer on August 13, 2013, 06:03:32 PM

big money like BFL ASICminer and china mass producing equipment and mining with customers equipment prior to shipping doesnt help either.

BFL has to be the company that has shipped the least yet people seem to associate most with the difficulty increase. Why is this? As for ASICMiner, they're listed in the hashrate distro chart and "Stock" (as in securities) in the company was available on these boards for purchase with dividends.

WEB slicer

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big money like BFL ASICminer and china mass producing equipment and mining with customers equipment prior to shipping doesnt help either.

millsdmb

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Quote from: SlyFoxy12 on August 13, 2013, 06:01:29 PM

I'd say little yes, it's not because ASIC is a problem it's the fact that previously we were all mining coin with readily available hardware so it felt equal opportunity but now it's difficult to get hold of good hardware and at the same time a lot of shifty people are trying to dupe people with fake offers to buy miners or even the people selling miners genuinely are quite shifty like BFL, unless it goes back to how it was I feel the system will lose a lot of hobbyists because it comes down to how do you compete against such people?

a block erupter hashes at a respectable rate when you compare to GPU, and cost much less. Now we all know that they wont hit ROI -- did anyone here running a GPU cluster hit roi?

When has anybody actually made bank? Other than ATI, and now ASIC vendors and their resellers. It sounds like people upset they cant play, like USB asics aren't on these very forums for BTC.38

SlyFoxy12

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I'd say little yes, it's not because ASIC is a problem it's the fact that previously we were all mining coin with readily available hardware so it felt equal opportunity but now it's difficult to get hold of good hardware and at the same time a lot of shifty people are trying to dupe people with fake offers to buy miners or even the people selling miners genuinely are quite shifty like BFL, unless it goes back to how it was I feel the system will lose a lot of hobbyists because it comes down to how do you compete against such people?

millsdmb

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Quote from: WEB slicer on August 13, 2013, 05:51:08 PM

i think so.

Do you believe they were not inevitable?

WEB slicer

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when you spend up the ass for the equipment it takes months to deliver and when you have the equipment in hand the difficulty is so high you risk losing money cause you cant make ROI i think that makes bitcoin look like a joke and a huge gamble thus making bitcoin less attractive and could lead to panic selling and collapse.

WEB slicer

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i think so.

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