Bitcoin Forum

given the BTC rises 20% per day while the network "only" grows by 5% per day, AMD would profit more from running their hardware selling the mined BTC than from selling hardware, wouldn't they? ;)

It would certainly drive prices up.

haha, if AMD decide to get involve to btc, it will drive up the price more quickly!

They should design something like HD 7870 Bitcoin Edition for very fast mining ;)

There is seriously a market for such a thing!

Good idea, has someone contacted AMD already?

I am absolutely certain that AMD are investigating the spike in sales and making plans accordingly

agree with you, but they might develop a better product with some insights of experienced miners. .. called "customer or consumer research"

When we hit the 500k people mining mark sure they'll listen to us.

Can anybody confirm that bitcoin mining is even making a dent in AMD's bottom line? I know we're all bullish about mining here, but there are a LOT of graphics cards sold each day...

I know that sounds awesome, but what would be the real point?  Every miner would buy the card and then the relative computational strength would stay the same.  Everyone would generate the same number of coins.  Right?

But at least for a while some people would have an upper hand.  Everyone can't buy the cards simultaneously.  Hardcore enthusiasts would get their hands on it first, and everyone else would have to wait for more to come in stock.

In the beginning the standard was the CPU miner. Sure if you already have big rigs, you would not want to see a card come out that does 300Mh/J rendering your 1.5Mh/J-cards more or less worthless but if that technology exists, you can only hope it will not be sold to the fed exclusively.

The real point would be a more robust network!

Ponzi scheme!

It's sort of the Red Queen situation- you have to keep running as fast as you can just to stay in the same place. So long as bitcoins appreciate, it still makes sense.

Yeah, it's exactly a Red Queen situation. I think the gazelle wouldn't wish to get faster if it knew that by doing so it would be, in effect, creating faster cheetahs.

Difficulty follows price, not the other way around. If it's too expensive to generate new coins then people will stop mining and difficulty will lower down. If price goes down to 1$/btc there'll still be miners.  In the long term, only the most efficient miners will survive.

Okay, I see some benefit now, but it's to the whole network, not the individual, in the form of greater and more efficient overall computing power.