I myself preordered a BFL jalapeno and did some calculations.... at the current network hashrate it would theoretically make me 10x the investment in 4 months! BUT the problem is that only BFL (there are other companies) are planning to release 20k chips (4.5 or 7.5GH/s processing power per chip) in the upcoming months... this will increase the hashrate DRAMATICALLY and increase difficulty by atleast 10x the current 25TH/s... it's quite possible to get a rough estimate on the future hashrate presuming everyone uses the devices they buy... as most of the ASIC companies order data can be found on their respective forums.

What do you think about the future BitCoin network hashrate? Place your bets here: http://betsofbitco.in/item?id=1139

Even with all the hashing power an ASIC offers.... it will still take months to recoup any initial investment on hardware... this is because the network hashrate is predicted to skyrocket when the ASICs finally reach the market. I've heard predictions that range from a 200TH/s network by March... to a 1PH/s network hashrate by the end of the year... so your 4.5GH/s BFL jalapeno is just gonna be a decoration piece unfortunately (i preordered one too... but a bit sorry i did so now after working out a few calculations).

What do you think the network hashrate will be by April 1st 2013? Put your BitCoins where your mouth is here: http://betsofbitco.in/item?id=1139

The only possible way of getting a quick return on investment with an ASIC is if you're one of the first one to receive it... and you can make a LOT of coins in the first 2 weeks before the difficulty skyrockets

coins received.... thanks!

it would be easy to make bitcoin illegal.... but MUCH harder to cripple or eradicate it completely... so doubt they'll even bother making laws on it

Hey guys, I've been reading a lot about the new ASIC BitCoin mining technology, and have been doing a lot of speculation on how the BitCoin network hashrate might increase.
Every chip (from BFL atleast) has about a max 7.5GH/z hashrate... and ButterFly Labs (the company i ordered my ASIC miner from) is meant to be releasing 20k chips to their customers in the upcoming month.
There are also other companies producing these ASIC chips.... and I've been really curious to find out what the possible network hashrate might be by April 2013 (mainly because I want to know how much my ASIC miner will be making me )
With all my calculations i found that it might be somewhere around the 300TH/s mark... but I've heard some people think it might even reach over 800TH/s!
What are your thoughts on how the new ASICs are going to effect the network hashrate in the short term?

I even set up a bet on Bets of Bitcoin to make it more interesting http://betsofbitco.in/item?id=1139

I personally think it will be just under 300TH/s by April 1st 2013

Here are my 5 codes:

a0acc4d4b78a36293172860baabc931c
2fd84e93b291ef783d2374dcc159ee05
1ced7ce0b04238fa30af277eb7732b50
b593cad0f4daae62cdec6da2fcead4fc
c3d07e428cde150dfba0acc9a58e5d2a

and my wallet address: 164V5qc5iXXhXxfADu6bot74hpGBhkbfVw

Thanks!