Bitcoin Forum>Economy>Economics>Speculation
Author

Topic: Told ya so. (Read 1829 times)

notme
legendary
Activity: 1904
Merit: 1002
Told ya so.
September 18, 2013, 03:29:56 PM
#11
Quote from: nobbynobbynoob on September 18, 2013, 11:57:50 AM
Quote from: notme on September 18, 2013, 11:49:06 AM
Assuming steady price, yes.  However, next time we have a 2011 style capitulation, we will likely see difficulty take a dip.

I doubt there will ever be a 90+% drop again, unless it's a 100% drop. But you never know...

It's more about a longer term downtrend than the percentage drop since difficulty adjusts to price very slowly.
nobbynobbynoob
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
Re: Told ya so.
September 18, 2013, 11:57:50 AM
#10
Quote from: notme on September 18, 2013, 11:49:06 AM
Assuming steady price, yes.  However, next time we have a 2011 style capitulation, we will likely see difficulty take a dip.

I doubt there will ever be a 90+% drop again, unless it's a 100% drop. But you never know...
notme
legendary
Activity: 1904
Merit: 1002
Re: Told ya so.
September 18, 2013, 11:49:06 AM
#9
Quote from: smoothie on September 18, 2013, 11:15:28 AM
Quote from: johnyj on September 17, 2013, 07:37:21 AM
The exponential growth of hash rate can not go on forever, we will see some storm after many ASIC devices become reserve hash power due to they cost more in electricity than mined coins

I'll check this prediction in 3 months  Grin

Exponential growth is an accelerating curve so yes I agree. But linear growth of hashrate will likely continue on a constant average slope I believe with newer and refined technologies.

Assuming steady price, yes.  However, next time we have a 2011 style capitulation, we will likely see difficulty take a dip.
smoothie
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Re: Told ya so.
September 18, 2013, 11:15:28 AM
#8
Quote from: johnyj on September 17, 2013, 07:37:21 AM
The exponential growth of hash rate can not go on forever, we will see some storm after many ASIC devices become reserve hash power due to they cost more in electricity than mined coins

I'll check this prediction in 3 months  Grin

Exponential growth is an accelerating curve so yes I agree. But linear growth of hashrate will likely continue on a constant average slope I believe with newer and refined technologies.
MAbtc
hero member
Activity: 826
Merit: 508
Re: Told ya so.
September 17, 2013, 12:47:32 PM
#7
Quote from: johnyj on September 17, 2013, 07:37:21 AM
The exponential growth of hash rate can not go on forever, we will see some storm after many ASIC devices become reserve hash power due to they cost more in electricity than mined coins

I'll check this prediction in 3 months  Grin

Yep  Grin
johnyj
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
Re: Told ya so.
September 17, 2013, 07:37:21 AM
#6
The exponential growth of hash rate can not go on forever, we will see some storm after many ASIC devices become reserve hash power due to they cost more in electricity than mined coins

I'll check this prediction in 3 months  Grin
smoothie
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Re: Told ya so.
September 16, 2013, 05:30:37 AM
#5
Quote from: Rannasha on September 16, 2013, 01:13:27 AM
Quote from: notme on September 15, 2013, 10:11:00 PM
Quote from: goxed on September 15, 2013, 07:53:58 PM
+1,
It would help if we have more ASIC diversity. Right now there are only 4 available chips, and shipping speed's not upto the mark.
a) Bitfury
b) BFL
c) Avalon
d) Bitfountain

You're forgetting ASICMiner, which has reasonable ship times.

Bitfountain is the company that operates the ASICMiner brand.

I did not know that. Also I haven't verified that claim either.
Rannasha
hero member
Activity: 728
Merit: 500
Re: Told ya so.
September 16, 2013, 01:13:27 AM
#4
Quote from: notme on September 15, 2013, 10:11:00 PM
Quote from: goxed on September 15, 2013, 07:53:58 PM
+1,
It would help if we have more ASIC diversity. Right now there are only 4 available chips, and shipping speed's not upto the mark.
a) Bitfury
b) BFL
c) Avalon
d) Bitfountain

You're forgetting ASICMiner, which has reasonable ship times.

Bitfountain is the company that operates the ASICMiner brand.
notme
legendary
Activity: 1904
Merit: 1002
Re: Told ya so.
September 15, 2013, 10:11:00 PM
#3
Quote from: goxed on September 15, 2013, 07:53:58 PM
+1,
It would help if we have more ASIC diversity. Right now there are only 4 available chips, and shipping speed's not upto the mark.
a) Bitfury
b) BFL
c) Avalon
d) Bitfountain

You're forgetting ASICMiner, which has reasonable ship times.
goxed
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
Re: Told ya so.
September 15, 2013, 07:53:58 PM
#2
+1,
It would help if we have more ASIC diversity. Right now there are only 4 available chips, and shipping speed's not upto the mark.
a) Bitfury
b) BFL
c) Avalon
d) Bitfountain
Vladimir
hero member
Activity: 812
Merit: 1001
-
Re: Told ya so.
September 15, 2013, 07:00:45 PM
#1
.
Bitcoin Forum>Economy>Economics>Speculation
Jump to: