Bitcoin Forum

Bitcoin => Mining => Topic started by: bitcoincasinosupport on July 23, 2013, 10:30:47 PM



Title: How Many TH/s were on the network before ASIC mining arrived?
Post by: bitcoincasinosupport on July 23, 2013, 10:30:47 PM
I'm trying to deduce how many TH/s the network expects to lose (approx) when GPU Miners drop off due to ASIC competition and network difficulty rise.
Because at some point soon, everyone mining with GPU will be losing money.
Anyone care to take a stab at this?
Or has it been done already, and if so, can someone point me there?

Thanks!  :)


Title: Re: How Many TH/s were on the network before ASIC mining arrived?
Post by: SgtSpike on July 23, 2013, 10:35:26 PM
Somewhere between 25 and 35 TH/s IIRC.


Title: Re: How Many TH/s were on the network before ASIC mining arrived?
Post by: os2sam on July 24, 2013, 12:49:27 AM
I think it was around 22 to 24 THs.  GPU Mining had increased dramatically as well at first too because the Bitcoin price skyrocketed too.