Topic: We really need ASIC competitors! - page 2. (Read 2835 times)

Actually, that is false. The majority of the network as it stands right now (over 60 TH) is still comprised of GPUs and FPGAs. Avalon has only 19-20 TH in the wild and ASICMiner only has online about 7 TH at this time. Of course, this is subject to grow in the next weeks, but still, that only accounts for ~26-27 TH of the entire network. Unless there are some ghost ASICs hashing away in a hidden Illuminati bunker, most of the network is still made up of old tech. The recent growth spurt the network went through (and I'm talking about the last couple of weeks) is due to the price going to insane heights and luring in more GPU miners from the general public.

Too bad that only Avalon delivers while other ASIC companies bombed or failed. It's bad enough that someone is selling their Avalon pre-order on eBay and has 0 feedback at all. It seems to be motivated by greed after all. GPU/FPGA mining has become obsolete or just mining other cryptocurrencies.

GPU/FPGA miners have already become the minority with regards to hashing throughput. Sure, I don't have actual numbers, but we're around 60 TH/s at the moment compared to ~20 TH/s a few months ago. Even if the remaining GPU/FPGA miners leave, it would have a minimal affect on BTC. It does concern me though that mining has gone from a hobbyist project to a concentrated business so quickly. More, cheaper mining devices would help push this off a bit.

You might want to mention that the complete lack of ASIC competition is bad for the market in general.

If ASICs become rare, then a limited number of individuals/companies will dominate the bitcoin mining market, and the vast majority of GPU/FPGA miners will see their margins plunge.  If bitcoin doesn't give them profits they might switch to litecoin instead, causing a fundamental destabalization of the bitcoin economy and an untold shift in the proportional confidence of the two currencies.

But there's no use just sitting here bitching about it.  The time to act on this is yesterday. It might be a good idea to circulate a public petition to Microchip manufacturers (using change.org or some other service) to demonstrate the real market need/interest for these devices

The more patientence we have, The less bitcoins we earn, you should know that~!
If more ASIC's come out later, Whats the good is it if Mr.Avalon has 10 avalons. It'd be like buying a GPU all over again, Except it only mines coins
But atleast then we'd have SOMETHING... 

In other words, If you know what your doing, Start building and selling ASIC's PLEASE!, It'll be a great way for you to have a Turn Key operation once it's setup, And everyone will love you

In multiple threads I've been expressing the need for a smaller cheaper device. We don't anymore $1000-15000 devices, we need more sub-$1000 devices. GPU mining took off because you could drop $150 at a local shop on a HD 5830 and bam, you're making $20-30/month. What happened to that? Avalon pricing is ridiculous, bASIC imploded, BFL has little incentive to deliver on a schedule(they already have your money), and scammers are having a field day.

So, Butterfly labs, But im actually an investor? Doesnt sound too bad

What if you could just buy shares of a little-known public company that was possibly gearing up to become a major bitcoin miner? 

Mining is now a 250M$/year market.

Just be patient, there will be a lot of competition. I'm actually afraid that my Avalon investment will be eroded by this.

So as it stands, correct me anywhere I am wrong, The ASIC market is Compleatley Monopolised and Dominated by Avalon, Why do i say this? BFL has no fucking product, They are almost a YEAR behind schedual! Just go and look when they originally started taking "pre orders" and thier first few updates!

If Avalon increases prices, thier is nobody out there to stand up and say "Thats overpriced!, I can get one for cheaper!/Its not worth that much!" Fact is, You cant get an ASIC from BFL/bASIC, the bitcoin community is going to split between Rich fuckers with avalons, And measly free engery GPU miners.

Why? Because we dont have $15k to drop on mining hardware, We need a MUCH more entry level price!!, We will Never be able to save up $15,000 for an ASIC if saving for a GPU takes us a month!
At the rate its going, by the time BFL delivers, Everyone with an avalon will have made thier money back and will be able to afford another avalon, OR just buy Every Fucking BFL order!
Making it EVEN HARDER for the little guys to get an ASIC

Us small miners have No Choice when it comes to "i want an ASIC" and that needs to be fixed!
BFL Has no fucking PRODUCT, They have SHIT customer service, They conned thousands of people into Investing in thier company, Have a Con Artist on thier Lead Staff, Keep pushing back the shipping dates, and frankley they are Assholes!

WE NEED ASIC COMPETITION!!!
One of the big issues is the rising difficulty due to the ASIC's that are already being sold.
We cant simply "wait for a competitor to appear eventually" because by then something like a cheap entry level 5gh that everyone wants will be as effective as 50mh/s