While I wish that were true it's not.  For every 300W 60GH/s BFL single that shuts down a 300W 450GH/s Antminer S3 replaces it.  Even if 1/2 the people who started mining last year never buy new equipment the hashrate will still go up since we have seen greater than a doubling in efficiency in the last year.

Also now people have options to set up in places with cheaper electricity rather than mining at home.

Meh I've been waiting on those new GPUs for ages now.  The 7970s I have from 2012 are still the same as the current crop of GPUs from the end of 2014 more or less.  Moore's Law does appear to be reaching an end.

If TSMC is booked up well then 28nm it is.

That's less risk for the company selling the hashes.  bmoscato was asking what is the benefit to the buyer of the hashes.

But note that they will be shipping after this adjustment and most will not get their miners until the adjustment after that!

Hey look, we garnered everybody's trust on the first 2 batches of the Jupiter and made everybody think we were saviors.  We promised to not mine on customers equipment and not make a huge farm and took a bunch of pre-orders and turned around and did just that and shipped the Neptunes pretty much on the last possible day of Q2.

Now we're rolling in money with our huge farm which is directly competing with the miers we sold you (no conflict of interest there) and if you pay us 18BTC ($9000) we'll give you 9BTC back over the next 6 months and keep the rest for ourselves.

See, everybody is happy.  Life is good.  Come, sit down, have a beer, buy our contracts.  Forget your kids can't have dinner next year 

KNC already has a big farm.  No need to throw money at them and centralize the network even more.

If a desktop was able to mine 8-10 LTC/day then you could have bought the same 8-10LTC every day with the electricity.  Just because you stop mining doesn't mean you should stop accumulating - you're just choosing a different path for accumulation.  Always go with the cheapest path unless it's too cumbersome for minimal gain.

Did you finally get rid of the GPU farm in it's entirety?  I saw you had almost 300 280X or something like that for sale.

bitcoincharts almost always under-reports increases until the very last day.  I would go with bitcoinwisdom.  Either through luck or a real surge but hashrate hit 240PH right at the turn, so if that hashrate is real and close to 200 to 220 even then we'll probably be at least 10, if not 15%.

Well I meant what you said - may not have come out right.  basically they're trying to take a leap too far ahead if they rush to 14nm.  Since it would be prohibitively expensive to do so they should just work on optimizing the 20 & 28nm stuff that they have right now.

Medicare needs to pay for this.  I spend somewhere between 10-30% of my patient time talking about end-of-life (since I'm a hospitalist) and I don't get compensated for it.  I have to do it because the doc I cover for are either chicken shit to talk to the families or they don't want to spend the time to do it because of lack of financial incentive.

One person in the ICU on a vent on 2 drips with an ICU nurse and 5 consults would cost about $15-$20K/day.  Usually that patient never even gets to say bye to the family and the guilt stricken family turns on each other and on the nurses and physicians - so everybody tip toes around the issue.  It needs to be discussed well in advance and have the plan updated routinely.

People spend more time picking their cable and cel phone plans than picking EOL choices 

While I do think electric companies are an unregulated malfeasance that involves cronyism with state officials I don't think your bus analogy is a good one.  In you analogy the freeloader would be hitching up his RV to the back end of the bus for a cross country tow.

Oh I know we're not because nobody wants to pay for their healthcare.  So far this year I have been paid 21% of my co-pays by inpatients.  That's right - 79% of people I sent the bill to and they have chosen not to pay despite them signing a contract with their insurance company stating they would pay.  I could take them to court but it's not forth it anymore.  I took a Fukitol and will be quitting medicine... let the noctors have fun 

While doing more doesn't necessarily mean more profit, taking shortcuts DOES mean more loss.  Cloud mining is inherently risky unless you can be assured that the company is legitimate.   https://bitcointalk.org/index.php?topic=739510.0


Beyond that the contracts are not competitive compared to buying hardware.

I remember that song from Meet Joe Black.  In that movie it is very grim, but just listening to the song alone it's actually a little uplifting.

What are you talking about?  Can you make a coherent statement?  You used a pronoun when referencing somebody's mom without stating who's mom you saw.

So I was at my bank today and I....wait no I wasn't - they decided they needed a holiday.  Good thing the bitcoin network is going 24/7/365.  Live in the past if you will.

It's true that end users won't know what the difficulty jumps will be.  They are forced to hope they make a return.  They are taking risk.

The ASIC manufacturers who get hardware for 20 cents to 50 cents on the price they charge don't really have to worry about that since they assuredly will make a profit.  All the risk has been transferred to the end user.  If life higher risk should yield higher reward.  Here we have a scenario where higher risk is yielding lower reward (the end user).  If people want to continue that behavior so be it...

Yeah I can't ever see a point in mining at a loss.  If you're in it for fiat it definitely makes no sense.

If you want to accumulate BTC position it may not make sense to constantly flip miners on/off if you're marginal.  Then again if you're marginal you should just sell the equipment and buy BTC with the proceeds.

This is starting to look like the end of the GPU days where a lot of the expensive electricity areas had to call it quits.  Not only are miner prices not competitive but electricity is finally cutting into earnings significantly as ROI projections take years instead of weeks or months.

People have been complaining that they're not getting the earnings that they're supposed to get from their pool - but then again people make that accusation on every pool.

I would definitely void buying cloud mining and if you feel the pool is treating you well continue, otherwise there are many other good pools.

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