Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: 2112 on July 02, 2012, 01:50:47 AM



Title: Long-term mining prognosis
Post by: 2112 on July 02, 2012, 01:50:47 AM
I was somewhat disappointed that pretty much nobody had dared to speculate beyond the year 2013 on this subforum. Thus I decided to open with my own thread.

10) The competition for better ASIC will produce hash race (http://en.wikipedia.org/wiki/Arms_race).

20) After the NRE (Non-Recurring Engineering) costs are recovered the marginally cheap ASICs will lead to overhash (http://en.wikipedia.org/wiki/Overkill).

30) The newly manufactured ASICs will be installed but not pointed at any mining pools under the doctrine of Mutual Assured Double-spend (MAD) (http://en.wikipedia.org/wiki/Mutual_assured_destruction).

40) Under the above doctrine all new mining rigs will be quipped with Permissive Hashing Links (http://en.wikipedia.org/wiki/Permissive_Action_Link) controlled by hashing briefcases (http://en.wikipedia.org/wiki/Nuclear_briefcase) in possesion of the presidents of the major mining companies.

50) The grassroots movements will force the presidents of mining corporations to meet at the Strategic MIning Limitation Encounter (SMILE) (http://en.wikipedia.org/wiki/Strategic_Arms_Limitation_Talks) in Helsinki, Finland.

60) The further pressure of public opinion will cause the stockpile of fabricated, but not deployed mining rigs to be destructed under the aegis of Strategic HAshing Munition Eradication (SHAME) (http://en.wikipedia.org/wiki/START_I) treaties.

I decided to use the increment of 10 on the above list to allow quick insertion of further items that refine the timeline.

Please share your refinements below.


Title: Re: Long-term mining prognosis
Post by: ChanceCoats123 on July 02, 2012, 03:29:45 AM
Lololol I see what you did there.


Title: Re: Long-term mining prognosis
Post by: AzN1337c0d3r on July 05, 2012, 10:11:18 AM
I lol'd


Title: Re: Long-term mining prognosis
Post by: GernMiester on July 05, 2012, 09:36:38 PM
As Mr. Burns would say "excellent"