Title: 2014: The year of the mining bubble Post by: keystroke on December 01, 2014, 05:44:35 AM http://bitcoin.sipa.be/speed-lin-ever.png
Looks like we'll get a very slight difficulty increase. Mining might be set to stabstabilize a bit. Anyone know when next gen asics hit? Title: Re: 2014: The year of the mining bubble Post by: dropt on December 01, 2014, 05:46:19 AM Q2 2015.
Title: Re: 2014: The year of the mining bubble Post by: fewcoins on December 01, 2014, 05:46:43 AM Stop trying to destroy this currency even more with retarded faster miners... shame on you guys! >:(
Title: Re: 2014: The year of the mining bubble Post by: brg444 on December 01, 2014, 05:48:38 AM Stop trying to destroy this currency even more with retarded faster miners... shame on you guys! >:( "Faster" miners doesn't affect the emission schedule Title: Re: 2014: The year of the mining bubble Post by: keystroke on December 01, 2014, 05:51:35 AM Stop trying to destroy this currency even more with retarded faster miners... shame on you guys! >:( "Faster" miners doesn't affect the emission schedule Title: Re: 2014: The year of the mining bubble Post by: brg444 on December 01, 2014, 06:02:44 AM Stop trying to destroy this currency even more with retarded faster miners... shame on you guys! >:( "Faster" miners doesn't affect the emission schedule Correct, my mistake. Still... Quote Since the last halving event, the average bitcoin price has been $337.30 and 411,350 coins have been issued ahead of schedule, equal to approximately $138 million. https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf Hardly anything the market can't digest Title: Re: 2014: The year of the mining bubble Post by: dropt on December 01, 2014, 06:33:16 AM Quote Since the last halving event, the average bitcoin price has been $337.30 and 411,350 coins have been issued ahead of schedule, equal to approximately $138 million. https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf Hardly anything the market can't digest And at the halving we shall rejoice! Title: Re: 2014: The year of the mining bubble Post by: cryptasm on December 01, 2014, 07:27:39 AM I wont sell my coins, forget it! ::)
Title: Re: 2014: The year of the mining bubble Post by: Puppet on December 01, 2014, 07:29:36 AM 2014: The year of the mining ponzi's
Title: Re: 2014: The year of the mining bubble Post by: cbeast on December 01, 2014, 07:32:40 AM 2014: The Year of the Troll
Title: Re: 2014: The year of the mining bubble Post by: freedomno1 on December 01, 2014, 08:30:47 AM http://bitcoin.sipa.be/speed-lin-ever.png Looks like we'll get a very slight difficulty increase. Mining might be set to stabstabilize a bit. Anyone know when next gen asics hit? Sounds about right this year the mining difficulty went up exponentially As for next generation ASIC's there are always units in production but it's difficult to put any dates on them as far as I know AM gen 4 is still in design not fabricating and most current chips are just being sold. I would agree in saying that Q2 2015 is when we get better chips in. (Honestly looks like a mining bubble using that chart but not sure if those things pop or just keep going ^^) Or lead to a stable bitcoin price but 2014 was an interesting year Year of Retail Adoption Next Year Year of Early Stage Development and low level mainstream users. Title: Re: 2014: The year of the mining bubble Post by: brg444 on December 01, 2014, 08:36:34 AM http://bitcoin.sipa.be/speed-lin-ever.png Looks like we'll get a very slight difficulty increase. Mining might be set to stabstabilize a bit. Anyone know when next gen asics hit? Sounds about right this year the mining difficulty went up exponentially As for next generation ASIC's there are always units in production but it's difficult to put any dates on them as far as I know AM gen 4 is still in design not fabricating and most current chips are just being sold. I would agree in saying that Q2 2015 is when we get better chips in. (Honestly looks like a mining bubble using that chart but not sure if those things pop or just keep going ^^) Or lead to a stable bitcoin price but 2014 was an interesting year Year of Retail Adoption Next Year Year of Early Stage Development and low level mainstream users. Don't see how that's true. 2014 was year of VC & mining investement. Retail adoption is a sideshow and will remain marginally important for some years Title: Re: 2014: The year of the mining bubble Post by: Torque on December 01, 2014, 12:32:47 PM 2014: The Year of the Troll +1000, Good lord yes you nailed it. I can't wait for another rally to send these asshats away for at least 4-6 weeks. We need a reprieve from all the bullshit spewed over the last 12 months. Title: Re: 2014: The year of the mining bubble Post by: gustav on December 01, 2014, 01:06:47 PM Stop trying to destroy this currency even more with retarded faster miners... shame on you guys! >:( "Faster" miners doesn't affect the emission schedule bitcoin slow difficultyretarget makes it possible to mine more with faster miners. Title: Re: 2014: The year of the mining bubble Post by: johnyj on December 02, 2014, 07:32:59 AM KNC is already aiming for 10x increase in efficiency by 1st quarter 2015, don't really believe it since it is not open sale
Title: Re: 2014: The year of the mining bubble Post by: DirkMasline on December 02, 2014, 08:07:25 AM 2014 will be end, the only thing I can be sure is that the price will not raine much. so sad
Title: Re: 2014: The year of the mining bubble Post by: grappa_barricata on December 02, 2014, 08:38:52 AM ASICs will get more efficient, but in term of hashing power they have already approached the state of the art in computing hardware. Unless the state of the art is improved (how, exactly? optical circuitry? quantum dreams?), then there will never be such dramatic rises in the network hashing power again.
Title: Re: 2014: The year of the mining bubble Post by: jaberwock on December 02, 2014, 10:04:36 AM ASICs will get more efficient, but in term of hashing power they have already approached the state of the art in computing hardware. Unless the state of the art is improved (how, exactly? optical circuitry? quantum dreams?), then there will never be such dramatic rises in the network hashing power again. The general purpose hardware gets more efficient year after year, why do you expect the mining asic hardware will not get more efficient , therefore increasing the hashing power of the network? Title: Re: 2014: The year of the mining bubble Post by: grappa_barricata on December 02, 2014, 10:23:58 AM ASICs will get more efficient, but in term of hashing power they have already approached the state of the art in computing hardware. Unless the state of the art is improved (how, exactly? optical circuitry? quantum dreams?), then there will never be such dramatic rises in the network hashing power again. The general purpose hardware gets more efficient year after year, why do you expect the mining asic hardware will not get more efficient , therefore increasing the hashing power of the network? It get more efficient in term of power consumption/dissipation. Total hashing power will grow, only not at the awe-inspiring rates of the past. There will not be another radical 'tech switch' like it happened when the problem was first 'mass-parallelized' (GPU, FPGA) and then when it was first solved on special-purpose hardware (ASIC). Someone will not be able to multiply his hashing power tenfold by simply buying another generation of miners. The producers will make it looks like that is still the case, however. Best you can hope is buying basically the same hardware over and over, with fading power consumption. Title: Re: 2014: The year of the mining bubble Post by: lyth0s on December 02, 2014, 10:34:22 AM Guys 2014 is the year of "The Great Shakeout"....gah
Title: Re: 2014: The year of the mining bubble Post by: Furio on December 02, 2014, 10:52:38 AM Stop trying to destroy this currency even more with retarded faster miners... shame on you guys! >:( "Faster" miners doesn't affect the emission schedule The flaw is that the network as it is now is more then strong enough for the protocoll, mining needs to be dialed down if you ask me... Title: Re: 2014: The year of the mining bubble Post by: asdlolciterquit on December 02, 2014, 11:16:06 AM imho 2014 is the end of a dream. The dream of constant rice of the price of btc.
Title: Re: 2014: The year of the mining bubble Post by: Eastwind on December 03, 2014, 05:40:30 PM imho 2014 is the end of a dream. The dream of constant rice of the price of btc. The same thing happened in 2011-12. BTC price will keep on rising in the future, but with volatility. Title: Re: 2014: The year of the mining bubble Post by: dinofelis on December 04, 2014, 06:14:10 AM Stop trying to destroy this currency even more with retarded faster miners... shame on you guys! >:( "Faster" miners doesn't affect the emission schedule bitcoin slow difficultyretarget makes it possible to mine more with faster miners. If difficulty increases. If difficulty falls, the emission schedule will run slightly late. There's a small effect on emission rate as a function of the derivative of difficulty. Title: Re: 2014: The year of the mining bubble Post by: spazzdla on December 05, 2014, 04:43:40 PM imho 2014 is the end of a dream. The dream of constant rice of the price of btc. If the reason you are in BTC was and is only to make "money" you should not be in BTC. Title: Re: 2014: The year of the mining bubble Post by: Furio on December 07, 2014, 09:52:11 AM imho 2014 is the end of a dream. The dream of constant rice of the price of btc. If the reason you are in BTC was and is only to make "money" you should not be in BTC. Thank you, my thought exactly, mining was never profitable, only due to the extreme price rise it was profitable... Title: Re: 2014: The year of the mining bubble Post by: pattu1 on December 08, 2014, 12:52:44 AM 2014: The end of the myth that bitcoin can only go up in a one year time period.
Title: Re: 2014: The year of the mining bubble Post by: bitkilo on December 08, 2014, 02:46:27 AM 2014- The first year bitcoin has seen some stabilty.
2014- The year of the Trezor, everybody on here is talking about them. 2014- The year bit the bitcoin ATM Heaps of thing have happened this year for bitcoin! Title: Re: 2014: The year of the mining bubble Post by: fewcoins on December 08, 2014, 06:13:03 AM imho 2014 is the end of a dream. The dream of constant rice of the price of btc. If the reason you are in BTC was and is only to make "money" you should not be in BTC. Thank you, my thought exactly, mining was never profitable, only due to the extreme price rise it was profitable... EXACTLY! Title: Re: 2014: The year of the mining bubble Post by: Furio on December 08, 2014, 08:12:07 AM 2014- The first year bitcoin has seen some stabilty. 2014- The year of the Trezor, everybody on here is talking about them. 2014- The year bit the bitcoin ATM Heaps of thing have happened this year for bitcoin! Don't forget PAYPAL Title: Re: 2014: The year of the mining bubble Post by: OptimusPrime7 on December 08, 2014, 10:12:09 AM Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000....
Title: Re: 2014: The year of the mining bubble Post by: botany on December 09, 2014, 04:21:50 AM Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000.... I think $1000 is not going to happen anytime soon. We have to break beyond $400 first. Title: Re: 2014: The year of the mining bubble Post by: Eastwind on December 15, 2014, 12:54:26 PM Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000.... I think $1000 is not going to happen anytime soon. We have to break beyond $400 first. When BTC gets used more, price will rise. Title: Re: 2014: The year of the mining bubble Post by: Bananana on December 15, 2014, 02:48:18 PM Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000.... I think $1000 is not going to happen anytime soon. We have to break beyond $400 first. When BTC gets used more, price will rise. The problem is, those giant company don't keep btc and they sell it almost immediately. So they will most likely drive the price down.... Title: Re: 2014: The year of the mining bubble Post by: Eastwind on December 15, 2014, 03:02:07 PM Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000.... I think $1000 is not going to happen anytime soon. We have to break beyond $400 first. When BTC gets used more, price will rise. The problem is, those giant company don't keep btc and they sell it almost immediately. So they will most likely drive the price down.... Yes. But When B2B BTC usage appears, there will be some BTC retained in the corporate account, that will reduce the dumping into exchanges. Title: Re: 2014: The year of the mining bubble Post by: Furio on December 15, 2014, 07:25:41 PM Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000.... I think $1000 is not going to happen anytime soon. We have to break beyond $400 first. When BTC gets used more, price will rise. The problem is, those giant company don't keep btc and they sell it almost immediately. So they will most likely drive the price down.... Yes. But When B2B BTC usage appears, there will be some BTC retained in the corporate account, that will reduce the dumping into exchanges. That is essential to develop the bitcoin infrastructure further, bizniz can really benefit from bitcoin, yet due to al negative attention, it seems risky, while in fact it's one of the most secure networks ever! Title: Re: 2014: The year of the mining bubble Post by: SlaveInDebt on December 15, 2014, 07:32:00 PM I see this as a good thing. Catching up with modern chip manufacturing for a p2p network is nothing to be upset about.
Expect to be flat or down for awhile however. Still have that why should joe blow use btc whether he knows it or not dilemma. Big money gets in quietly before joe gets in. |