Bitcoin Forum

With the launch of Asics a couple years ago, GPU mining became unprofitable to say the least. Has there been any major developments that anyone knows about in the Mining space as far as new technologies or systems?

Well, we are reaching a technology cap for the performance of the chips.For further development we have to find something else.
The new trend will be credibility and trust.The miners will act as noteries and the miner farm owners reputation will directly affect the profit.

A system where your Internet Reputation™ is essentially your financial reputation? This hardly sounds like a trustless model to me anyway.

It needs to start sometime/somewhere or are you satisfied with the safety and trust of the btc community and internet?

So, the bad miners reputation results in what? Did they scammed anyone?

i think rentining or some for of private cloud, is the last trend, then you have those that earn with a bot and join a signature campaign

i can see this as a form of mining, since it is a passive income

We'll probably end up as more than 80% commercialized mining here as it gets harder for little guys to do at home mining. If you consider that like a technology, reducing your power bills to increase profitability.

21inc will probably stay on their developmental hardware.
Bitfury will continue to cater to investors.
Spondoolies will continue to cater to investors.
Bitmain will continue selling to the public.
Sidehack will continue to use Bitmain chips to try and create awesome miners for the community.

That's pretty much a rundown of whats up I think.

GPU miners are dusting off their cards now and sticking em onto Ethereum.
Ethereum is getting pretty popular to the guy who knows how to get his miner's mining with ethereum's highly complex (sort of) idiot proof system.
Other than than Bitmain and Spondoolies are still advancing in miner development, at a rate many times faster than at their birth.