Guys, please learn the way Bitcoin works, this thing is discussed to death. As long as Bitcoin will be a viable currency (which, as things look now, seems to be a REALLY long time) mining will exist. Mining doesn't only mint new coins and puts them in circulation, as most people here seem to think. It also verifies transactions and secures the network. If mining is done with, Bitcoin is done with. They won't exist one without the other. Also, miners don't get money from discovered blocks only. They receive the fees from transactions inside discovered blocks. This will more or less compensates the loss in income from reducing rewards over the years.
So the only way "after Bitcoin" exists is if Bitcoin dies. Which, hopefully, won't happen. And seeing the momentum it gains, this becomes more unlikely with each day passing.
Topic: Mining rigs "after Bitcoin" - page 2. (Read 7085 times)
Not really, at least anything as profitable. Then again, if price does keep up with difficulty, bitcoin mining will be with us for a long time.
If it stagnates at $20 while difficulty goes into 8 million, then yep, it's going to die until diff. goes down again.
If you want to go in the grey market though, a nice BTC cluster could be useful for cracking MD5 hashes or various passwords.
Some people will pay for consistent daily performance.
If it stagnates at $20 while difficulty goes into 8 million, then yep, it's going to die until diff. goes down again.
If you want to go in the grey market though, a nice BTC cluster could be useful for cracking MD5 hashes or various passwords.
Some people will pay for consistent daily performance.
Don't take this the wrong way, I do not think mining is going to die out as soon as some on these forums say. But I do like to think of what we will do with the hardware "after" bitcoin whenever that may be.
Basically I'm looking for any other opportunities to rent out processing power, are there any out there? And if not perhaps there is a market to set up a system for brokering the trade of processing power for companies that could use it?
Basically I'm looking for any other opportunities to rent out processing power, are there any out there? And if not perhaps there is a market to set up a system for brokering the trade of processing power for companies that could use it?
Jump to: