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Author Topic: We really need ASIC competitors!  (Read 2733 times)
CrazyGuy
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April 09, 2013, 05:10:53 AM
 #21

Competition would be great, but the only thing I see driving the price down is the market being flooded with ASICS. BFL releasing in the numbers they have promised should accomplish this. If you want to see a $1299 60gh/s miner, one of three things has to happen.

  • Bitcoin exchange rate drops to around $10/Coin
  • ASICs cause difficulty to surpass 700 million, yet exchange rate is stagnant
  • New honest ASIC developer is willing to gamble on increasing BTC prices and offers BTC preorders to fund development

With the amount of new scams popping up every day, I seriously doubt the last one is going to happen. The real dilemma we have here is that we've already funded Avalon and BFL development with large amounts of preorder money. Now that both companies have a working or close to working product, what is their incentive to sell you a device that pays for itself in 2-3 days? Even if there is competition in the market, BFL and Avalon can make at least 20x as much just mining with the equipment they build.

Of course, if BFL can really push out 400 devices a day, they would quickly run out of DC space, so they have the highest potential of actually selling devices for profit. And in that event, at current exchange rates, I would expect BFL devices to at least double in price once more. If BFL does keep their price at 2x original, I don't expect to see another consumer batch from Avalon any time soon.

ASICPuppy.net ASIC Mining Hardware and Accessories - 2Pacs in stock!
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April 09, 2013, 07:26:08 AM
 #22

 I totally feel the OP n this.The big will get bigger while the small  will go smaller, which will harm the btc in long term.I dont think Avalon team likes the centralisation of the descentralisation it has become but its not their fault.I hope btc will not reflect modern society where rich get richer and middle class cease to exist.We need  afordable asics, not very expensive ones that only few can get.
Why do you think the other alt coins had/have such a huge success lately? I dont think Satoshi ever wanted a monopolised/centralised btc
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April 09, 2013, 07:29:34 AM
 #23

I feel like the only way to get affordable ASICs is for a company to make ASIC mining chips with the intent to sell singles, or small batches.  Preferably 2 or more of these companies.
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April 09, 2013, 08:33:25 AM
 #24

That's why i'm switching to litecoin for now. I don't feel comfortable relying on these custom hardware operations. Way too much scamming and delays even after a product exists. Hopefully litecoin can stay in the GPU realm. I trust AMD way more than the rest. I'm positioned well with a 7970 anyways.
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April 09, 2013, 09:48:17 AM
 #25

What you do is whine at a high level!
My GPU-Rig with 2.4GH/s makes today much, much more profit than in 2012 or 2011 when the BTC price was at $3 or even $10! It's now $840/month or $28/day!
So what's the problem?
Or is it all of a sudden no hobby anymore for you?

I agree though, that a 2-4GH/s ASIC for $ 200-400 is missing on the market for hobby miners!
Except BFL offers him again!
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April 09, 2013, 12:05:37 PM
 #26

I am surprised that AMD has not started their project yet, maybe samsung/nvidia already have something on going

I believe in 1-2 years time, ASIC miner will be everywhere, current silent is just temporary

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April 09, 2013, 07:54:47 PM
 #27

What if you could just buy shares of a little-known public company that was possibly gearing up to become a major bitcoin miner?  Wink
LeoNovus to become major bitcoin miner?
http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32437815&l=0&r=0&s=LTV&t=LIST
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April 16, 2013, 10:04:11 PM
 #28

LeoNovus to become major bitcoin miner?

Well there's a classic pump.  You gonna dump now?  I mean who the hell cares what you said in some meanless blog about some company who isn't even proposing to do what you propose they should. 

What if you could just buy shares of a little-known public company that was possibly gearing up to become a major bitcoin miner?  Wink

That would be fantastic. Got any actual leads?
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April 17, 2013, 11:32:27 AM
 #29

That's why i'm switching to litecoin for now. I don't feel comfortable relying on these custom hardware operations. Way too much scamming and delays even after a product exists. Hopefully litecoin can stay in the GPU realm. I trust AMD way more than the rest. I'm positioned well with a 7970 anyways.

How cool is this: Solar-powered 7970 rigs? Fantasy? Can they beat ASICs?

US options trader and ancap
arklan
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April 17, 2013, 12:10:58 PM
 #30

That's why i'm switching to litecoin for now. I don't feel comfortable relying on these custom hardware operations. Way too much scamming and delays even after a product exists. Hopefully litecoin can stay in the GPU realm. I trust AMD way more than the rest. I'm positioned well with a 7970 anyways.

How cool is this: Solar-powered 7970 rigs? Fantasy? Can they beat ASICs?

no. because you could solar power asic's A LOT easier. less power needed means less investment in solar hardware, which means less over all capital, thus higher profit. power is everything.
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