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Author Topic: AMD announced to switch from selling hardware to selling BTC ;)  (Read 1844 times)
giszmo
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June 06, 2011, 05:19:56 PM
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given the BTC rises 20% per day while the network "only" grows by 5% per day, AMD would profit more from running their hardware selling the mined BTC than from selling hardware, wouldn't they? Wink

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There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
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June 06, 2011, 05:22:30 PM
 #2

It would certainly drive prices up.
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June 06, 2011, 05:24:32 PM
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haha, if AMD decide to get involve to btc, it will drive up the price more quickly!
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June 06, 2011, 05:25:33 PM
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They should design something like HD 7870 Bitcoin Edition for very fast mining Wink

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June 06, 2011, 05:26:39 PM
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They should design something like HD 7870 Bitcoin Edition for very fast mining Wink

There is seriously a market for such a thing!

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June 06, 2011, 06:11:58 PM
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Good idea, has someone contacted AMD already?

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mewantsbitcoins
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June 06, 2011, 06:13:59 PM
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I am absolutely certain that AMD are investigating the spike in sales and making plans accordingly
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June 06, 2011, 06:16:25 PM
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I am absolutely certain that AMD are investigating the spike in sales and making plans accordingly

agree with you, but they might develop a better product with some insights of experienced miners. .. called "customer or consumer research"

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June 06, 2011, 06:17:25 PM
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When we hit the 500k people mining mark sure they'll listen to us.

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June 06, 2011, 06:18:42 PM
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Can anybody confirm that bitcoin mining is even making a dent in AMD's bottom line? I know we're all bullish about mining here, but there are a LOT of graphics cards sold each day...
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June 06, 2011, 07:39:12 PM
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They should design something like HD 7870 Bitcoin Edition for very fast mining Wink

I know that sounds awesome, but what would be the real point?  Every miner would buy the card and then the relative computational strength would stay the same.  Everyone would generate the same number of coins.  Right?

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June 06, 2011, 07:50:19 PM
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They should design something like HD 7870 Bitcoin Edition for very fast mining Wink

I know that sounds awesome, but what would be the real point?  Every miner would buy the card and then the relative computational strength would stay the same.  Everyone would generate the same number of coins.  Right?

But at least for a while some people would have an upper hand.  Everyone can't buy the cards simultaneously.  Hardcore enthusiasts would get their hands on it first, and everyone else would have to wait for more to come in stock.
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June 06, 2011, 08:13:16 PM
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In the beginning the standard was the CPU miner. Sure if you already have big rigs, you would not want to see a card come out that does 300Mh/J rendering your 1.5Mh/J-cards more or less worthless but if that technology exists, you can only hope it will not be sold to the fed exclusively.

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June 06, 2011, 08:18:19 PM
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They should design something like HD 7870 Bitcoin Edition for very fast mining Wink

I know that sounds awesome, but what would be the real point?  Every miner would buy the card and then the relative computational strength would stay the same.  Everyone would generate the same number of coins.  Right?

The real point would be a more robust network!
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June 06, 2011, 08:18:57 PM
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  Hardcore enthusiasts would get their hands on it first, and everyone else would have to wait for more to come in stock.

Ponzi scheme!
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June 06, 2011, 09:57:49 PM
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They should design something like HD 7870 Bitcoin Edition for very fast mining Wink

I know that sounds awesome, but what would be the real point?  Every miner would buy the card and then the relative computational strength would stay the same.  Everyone would generate the same number of coins.  Right?

It's sort of the Red Queen situation- you have to keep running as fast as you can just to stay in the same place. So long as bitcoins appreciate, it still makes sense.
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June 06, 2011, 10:35:48 PM
 #17

They should design something like HD 7870 Bitcoin Edition for very fast mining Wink

I know that sounds awesome, but what would be the real point?  Every miner would buy the card and then the relative computational strength would stay the same.  Everyone would generate the same number of coins.  Right?

It's sort of the Red Queen situation- you have to keep running as fast as you can just to stay in the same place. So long as bitcoins appreciate, it still makes sense.
Yeah, it's exactly a Red Queen situation. I think the gazelle wouldn't wish to get faster if it knew that by doing so it would be, in effect, creating faster cheetahs.

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June 06, 2011, 10:46:58 PM
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Yeah, it's exactly a Red Queen situation. I think the gazelle wouldn't wish to get faster if it knew that by doing so it would be, in effect, creating faster cheetahs.

Difficulty follows price, not the other way around. If it's too expensive to generate new coins then people will stop mining and difficulty will lower down. If price goes down to 1$/btc there'll still be miners.  In the long term, only the most efficient miners will survive.

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Gabriel Beal
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June 06, 2011, 10:53:28 PM
 #19

Okay, I see some benefit now, but it's to the whole network, not the individual, in the form of greater and more efficient overall computing power.

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