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1  Bitcoin / Hardware / Re: Official BITMINE CoinCraft series 28nm ASIC miners thread on: February 13, 2014, 05:38:04 PM
Ohhh No ...  Sad http://thegenesisblock.com/mining/a/d1493905be  Sad

If you want to see what the delays have cost you then change the mining start date to Feb.

If you want to get really depressed see how the CPP is gonna help, set mining start date back to March and set Hashing Rate to 1100 (10% CPP) and press Calculate, change it to 20% CPP (1200), change it to 30% CPP (1300), only when you get to 60% CPP will the figures show a profit.


I don't think this is an "Ohh No" situation at least it shouldn't be, if you are playing this game.

BTC /USD cost predicates vs cost of electricity everything.
If BTC drops to 0 then mining will not be profitable, unless the impossible condition of getting paid to use electricity comes around.

any graph projecting computational hash rate to continue increasing exponentially is laughable.

As mentioned in another posting here - the TOTAL amount of electricity required to power TOTAL hashing, at some point, becomes cost prohibitive.
I'm no genius, but as some point before that, consumers stop buying miners and at some point before that, manufacturers stop producing 'consumer'  miners.

BTC value MUST* increase in order for mining, mining manufacturing to be viable.

*this is after 20nm or smaller manufacturing viability.

Difficulty and hashing will tap out - continuous expansion is not economically sustainable.

SMART Manufacturers know this and are:
1. sending public messages out to other manufacturers letting them know that manufacturing cannot continue indefinitely
2. building data centers for mining... this will be the only place mining will take place, perhaps at 20nm.. perhaps at 16 or 14 (16's half-node).. by which point the average joe will be locked out of mining (should btc continue to increase in value).

If you believe in BTC, grab a miner, or buy BTC.

I think 28's may have a longer life than many think - and may, in fact be more valuable.
20's even longer, and more valuable... if you can get your hands on one.
2  Other / Beginners & Help / What Websites Can You Spend Bitcoins On? on: May 21, 2013, 01:23:51 AM
BTCog.com has over 1,700 merchants who accept bitcoins.
3  Other / Beginners & Help / Online Stores Accepting Bitcoins List on: May 17, 2013, 02:06:00 AM
I was hoping to start a thread to compile a list of online shops and stores that are accepting bitcoin as payment for the bitcoin community.


Bitcoin.Travel - Bitcoin.Travel, Bitcoin directory of online and real world businesses that currently accept Bitcoin.
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Bitcoin Report - Bitcoin Report, Latest Headlines from Around the World about Bitcoin.
Nearby Bitcoin - Nearby Bitcoin Node List, Get the IP Address of 10 Local Bitcoin Clients to add to your bitcoin.conf file.
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Bitquestion - Bitquestion Ask questions with a bitcoin reward, provide wanted information to earn bitcoins.
Bitcoin Game - Bitcoin Game List Free listing service to Submit & Find Bitcoin games



BTCog

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