Internet Café?

[zhangweiwu]

I am sure I am the first one who think about this, but a search on this forum revealed little discussion about it.

Internet Café owners, especially those who have more than 100 computers for MMORPG (very common here in China), would mine bitcoin in the night when they have less customers, eventually driving away any market niche for home miners. That would result most bitcoin being minted from China and India. If they becomes a chained business, they have as much power to change game rule as pools, and they are more evil than the pools - a potential threat to consider.

Power cost is 0.04 USD per kW/h in the evening here.

[CIYAM]

Now that ASIC has appeared no "wang ba" chain could really even make a dent in mining (and you can't play games with an ASIC machine - it's just a box that does hashing).

[whiskers75]

Good idea! Get them all GPU's and improve mining and playing games! 

[zhangweiwu]

Now that ASIC has appeared no "wang ba" chain could really even make a dent in mining

Ahhh, who is ASIC?

and you can't play games with an ASIC machine - it's just a box that does hashing).

Sure, but I said 'in the night', particularly because in the night electricity bill is cheaper.

[CIYAM]

ASIC is not a *who* - it stands for Application Specific Integrated Circuit - basically a *chip* designed to just mine Bitcoin that is *way* faster than a whole
"wang ba" of top-notch GPUs.

People using ASIC will be running then 24x7 - if you are interested in mining with GPU then you might want to consider mining LTC rather than BTC.

[zhangweiwu]

ASIC is not a *who* - it stands for Application Specific Integrated Circuit - basically a *chip* designed to just mine Bitcoin that is *way* faster than a whole
"wang ba" of top-notch GPUs.

So it is. I looked at this:
http://www.bitcoinx.com/bitcoin-mining-hardware/
The ASICs can do 1 Mhash/J, that's about 50 times more efficient than a computer. "wang ba" can never match that.

People using ASIC will be running then 24x7 - if you are interested in mining with GPU then you might want to consider mining LTC rather than BTC.

Thanks. Now I know about LTC. I am rather interested in understanding the mining economy.

[michelet]

Gpu for bitcoin will be useless in a while. I have 16Ghs with GPU but I am moving to asics.
Gpu are really hard to mantain and costs a lot in eletricity.
I will move my GPU to mine litecoins.