It doesn't matter, people will just buy more of the efficient units until any profit is absorbed again by the difficulty increases. What we need is a few mining farms to go bust and fold to show the rest of the miners that corporate mining farms are not a viable model, then perhaps a little bit of sanity will creep in. Thousands of home users mining with no air con or data center rental or wages to pay, can cope with high difficulty better than the corporate model.

So you are suggesting that crypto miners should do nothing about energy waste because other industries waste more? That's kind of pathetic really.

For starters it effects profits, and secondly there is nothing physical been produced.

Is this project still alive?

Here is some basic Internet info for noobs.

Assume the site owners, your ISP, your email provider can read or bypass your passwords as required.

Never use the same password on two different sites.

Assume everything you type is being recorded.

Do no click on email enclosures from people you don't know.



As for MCXnow, the site probably works better than most of the exchanges out there, it has some great features like earning interest on your deposits every 6 hours, and payban which is a real hoot.

You are pulling energy figures out of the air, earlier this year they were talking about 650watt per GH/s with all the GPU miners.

http://www.bloomberg.com/news/2013-04-12/virtual-bitcoin-mining-is-a-real-world-environmental-disaster.html

However I look at it this way, we are currently mining about 5,000 coins per day, each one worth around $140 and people will keep adding gear until almost all that money goes in electricity/aircon bills. At 15c per kWh that's a lot of electricity.

Only about the output of a small nuclear power station, and increasing as the difficulty rises.

I thought the promotion was only for getting fiat into the exchange, doing trades has a normal fee. I can't read Chinese, so if anyone could confirm.

BFL said they did their tape out back in August.

Cointerra said on their press release last month that tape out was scheduled for the first week of October, I just want to know if that happened, because that's as late as you would want to be for pre-Xmas shipping.

Have Cointerra done tape out yet?

Is this some kind of a hedge by the Chinese public against the $USD crashing if they can't raise the debt ceiling this week?

, Both BFL and Bitfury have shipped hundreds of TH/s in the past month or so, not just a few TH/s, obviously KNCminer are shipping at least a PH/s in October, and more on the way in November.

Things are starting to get really ugly for the big expensive data center based farms. ASICminer are only about 2% of the nethash atm, if Hashfast ship on time the 1,000 diff in December is a reasonable guess.

I don't think the net hash growth is going to slow much before 5PH/s is reached, it's all one classic waste of electricity right at the time the climate doesn't need wasted energy.

Anyone worked out how many kWh per BTC? I guess the average power consumption would be over 2watt per GH/s atm. must work out to well over 500kWh per coin when you factor in dater center aircon.

Are you sure they haven't taped out? If that's the case, then there is no way they will be shipping in December, remember factories wind down a couple of weeks before Xmas.

The Cointerra chip is 500GH/s isn't it? The BFL is 300GH/s.

Have they fixed the coin so it runs on any other platform than Windows?
It's been over a month.

It's interesting that a lot of people are saying that, which makes me wonder, who are the people placing orders for Monarchs, why are they not aware of BFL's enormous production delays on every ASIC product? The time delay between payment, and starting hashing, is the most critical think in ASIC mining, those that do badly at that, seldom get repeat business.

Sorry to sound like a troll, but really, people who are paying for hosting instead of keeping their costs down to the tune of $3,960 per Jupiter, are not thinking though this very well. You have a tight window to get a positive ROI on ASICs, throwing away thousands for hosting, and you are obviously not all that concerned with maximizing profits anyway.

Why is https://www.coinex.pw down atm?

Won't work, only a small fraction of crypto users are into dice, you need something like:

https://market.feathercoin.com/index.php


A market like SR without the illegal content so it doesn't need to be on Tor.

Are the BFL Monarch chips compatible with 1st gen BFL products? That's the first of the 2nd. generation announcements so far that I have seen. The answer of course is a resounding no. BFL have gone down the path of reduced chip count, with a lot more GH/s.

If it were me designing asic chips, my 2nd gen would be a drop in replacement for the 1st gen if my target market was the DIY board designers, that way you get the boards out there as fast a possible.

The main thing to remember, is chips designers learn from their 1st gen efforts, and could easily come up with a better way of doing things that breaks compatibility with their past offerings.

There is no reason to maintain compatibility if you have found a better way of doing something, just for the sake of keeping the same pcb designs.