I track the trend differently - I keep a spreadsheet wherein I track the weekly weighted prices and calculate an average of all the changes.
So far that gives an average weekly change of 6.4%, including the data from all the way back to the first day Mt Gox opened.
Using that gives about $300 by the end of the year, with $1000 being reached slightly under a year from now.
I have been tracking things in a similar way and have projected very similar numbers, but things could move much faster. It's possible that in addition to increasing adoption, the rate of adoption will also increase, add to that the fact that the supply inflation is dramatically lower now than any time before about a year ago (when the block reward halved) and I think there is a real possibility that the price could melt-up in a dramatic price explosion, not unlike what we saw earlier this year. this must be why your name is impulse. i'm turning bear as fast as the price is rising.... not again?! Adam! |
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i'm trying to find out exactly what "sign deal" means in terms of exclusivity. sounds to me like "no other ASIC manufacturer will be allowed to purchase Seasonic PSU's in bulk for Bitcoin mining". hence higher costs and lower quality for competitors. |
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i'm trying to find out exactly what "sign deal" means in terms of exclusivity. sounds to me like "no other ASIC manufacturer will be allowed to purchase Seasonic PSU's in bulk for Bitcoin mining". hence higher costs and lower quality for competitors. |
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I track the trend differently - I keep a spreadsheet wherein I track the weekly weighted prices and calculate an average of all the changes.
So far that gives an average weekly change of 6.4%, including the data from all the way back to the first day Mt Gox opened.
Using that gives about $300 by the end of the year, with $1000 being reached slightly under a year from now.
I have been tracking things in a similar way and have projected very similar numbers, but things could move much faster. It's possible that in addition to increasing adoption, the rate of adoption will also increase, add to that the fact that the supply inflation is dramatically lower now than any time before about a year ago (when the block reward halved) and I think there is a real possibility that the price could melt-up in a dramatic price explosion, not unlike what we saw earlier this year. this must be why your name is impulse. |
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China Banking Regulatory Commission: "no plans to introduce regulatory policies for bitcoin." Allow me to translate from chinese: "Hey western politicians and bankers... FFFFFFFFUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU UUUUUUUUUUUUUUUUU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1" why you leave off the "k"? |
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but it's not an insignificant point to highlight considering KNC wouldn't even include a PSU and then made you pay $7000.
along with fans, smoke alarms, fire extinguishers, etc.
Lol, aren't you getting a bit catty? Smoke alarms & fire extinguishers, RLY? If you're referring to a few boards popping caps, let me explain the science behind how stuff like that happens: 1. First and foremost, said stuff needs to exist. None of Hashfast products have failed because none exist. 2. There's no 2, that's it. So please hold off on giving each other congratulatory BJs 'till the product ships, k? again, who's paying you to be anti-Bitcoin? I really shouldn't be telling you this, but you'll probably find out anyway, so here goes. Obama is picking up the bulk of the tab & is providing me with the spyings of DHS. The FBI & DEA are supplying me with my steady ration of hookers and blow. Sadly this is all i can risk disclosing at the moment -- I could tell more, but then i'll have to kill you  Your pal, -007. ah yes, an admission! i knew it! |
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ok justus,
2 days. did i count that right?
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I was hoping to wait for > $166 but I guess I'll just do another. So here we go!
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 164.49 (148.56 btcChina in USD). Gold is 1317.00. Nasdaq is 3894.00
Bitcoin: 2946.11% (2651.14%)
Gold: -22.07%
Nasdaq: 27.46%
Gold Diff: 3809% advantage Bitcoin
Nasdaq Diff: 2290% advantage Bitcoin
Gold collapsing, Bitcoin UP! |
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I like the idea of Dual PSU, especially for expansion and failover
A Seasonic PSU would be the last thing to fail in this or any miner. I can almost guarantee you that HF aren't using two for failover purposes. Correct, we're not using two for failover purposes, we're using two because we chose to provide a 20% safety margin on top of what the Sierra might need. You say "20% safety margin" and I think "20% overclocking margin."  i highly doubt they are going to take half of the psu's out just before delivery to save money.  |
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ok justus,
only 3d in BTC history where the price has closed higher than now.
Pretty damn awesom once we clear 165, it will only be 2 days. |
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but it's not an insignificant point to highlight considering KNC wouldn't even include a PSU and then made you pay $7000.
along with fans, smoke alarms, fire extinguishers, etc.
Lol, aren't you getting a bit catty? Smoke alarms & fire extinguishers, RLY? If you're referring to a few boards popping caps, let me explain the science behind how stuff like that happens: 1. First and foremost, said stuff needs to exist. None of Hashfast products have failed because none exist. 2. There's no 2, that's it. So please hold off on giving each other congratulatory BJs 'till the product ships, k? again, who's paying you to be anti-Bitcoin? |
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ok justus,
only 3d in BTC history where the price has closed higher than now.
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Congrats to those who had their bids filled. I think that was the last drop below $100.
Time will tell.
Yeah good point. Say goodbye. |
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I like the idea of Dual PSU, especially for expansion and failover
A Seasonic PSU would be the last thing to fail in this or any miner. I can almost guarantee you that HF aren't using two for failover purposes. Correct, we're not using two for failover purposes, we're using two because we chose to provide a 20% safety margin on top of what the Sierra might need. For our mining rigs we have chosen to specify power supplies that are rated 20% higher than the highest wattage we expect even including significant overclocking. The GN chip uses 250W at nominal, and we have designed all the systems to handle upto 350W. When the mini motherboard is supplying 350W to the chip (this level of overclock should result in up to 540GH/s) the mini motherboard may consume up to 411W of 12v, due to losses in the VRM. Add 25W for fans, and you get to 436W per mini-motherboard. Multiply by 3 chips in the Sierra, and you get about 1300W. We've added a safety margin of 20% extra on top of this - so we needed power supplies that were rated to a minimum of 1560W @ 12v to meet these specifications, and maintain the headroom and margin we desired to ensure reliable, efficient long term operation.
There are very few manufacturers who make single 1600W supplies, and we didn't find a single unit from a high quality vendor.
Now that's the real definition of margins on margins. |
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