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Bitcoin Forum > Bitcoin > Mining > Mining speculation > How will ASIC miners match up against coinlab if they sign some top MMOGs?
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Author Topic: How will ASIC miners match up against coinlab if they sign some top MMOGs?  (Read 2958 times)
crazyates
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October 27, 2012, 05:01:00 AM
 #21
Since this is the Speculation subforum...  Wink Cheesy

I don't see the point of CoinLab's second half. To me, they started as a bitcoin pool, but wanted to be more than that. Now they have to be more than that to survive, but I can't see how they actually plan on doing that.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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October 27, 2012, 05:19:01 AM
Last edit: October 27, 2012, 06:41:16 AM by ckolivas
 #22
Quote from: crazyates on October 27, 2012, 05:01:00 AM
Since this is the Speculation subforum...  Wink Cheesy

I don't see the point of CoinLab's second half. To me, they started as a bitcoin pool, but wanted to be more than that. Now they have to be more than that to survive, but I can't see how they actually plan on doing that.
Actually coinlab was never going to be a bitcoin pool as far as I can tell. I'm guessing the pool was found to be a good stepping stone for people with GPUs to get out of the bitcoin mining scene when it becomes unprofitable.

Disclaimer: I work for coinlab but only as a software contractor and have very little knowledge of the goings on in the company.
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October 27, 2012, 07:22:45 PM
 #23
Quote from: SgtSpike on October 26, 2012, 11:31:29 PM
But, that would assume 24/7 usage.  Most gamers don't run their games 24/7 - maybe 2 hours a day, on average.  Now you need 13M GPU's.  But the hashrate while gaming drops by half, typically.  Now you need 26M GPU's.

Their model seems to be to persuade the gamer to run their machine and a stand-alone client 24/7, instead of it running concurrently while gaming.
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October 27, 2012, 08:00:54 PM
 #24
Quote from: Vladimir on October 20, 2012, 09:50:26 AM
Gamers will need to have not only GPU's but BPU (Bitcoin Processing Unit) too.

Quoted for hilarity. You core bitcoiners are even more delusional than I assumed.
Sorry if that meant as a joke, I reference poes law as excuse in that case.
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