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Author Topic: question regarding asic hardware  (Read 826 times)
whizz94
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April 09, 2013, 11:11:10 AM
 #21

You could always preorder an Avalon 3rd batch rig, but those cost 50BTC and they will not accept other currency.
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legendster
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April 10, 2013, 05:05:58 AM
 #22

To build any asic or Fpga card or boards yourself you need to be a student of Electrical Engineering. Here in India we have this topic in the 3rd Semester of our course.

From what I have gathered .. building the board is easy, its the chip that counts & isnt something that is easily made by sitting at home.

But I am interested in making my own rig as well be it a low power consuming yet high hashing FPGA board or a high hashing but useless ASIC board.




One thing is certain, that the Bitcoin community is only open these days to "old/early" adopters, as they have already made enough bitcoins when the difficulty was low. People like you & me try to get in but we cant .. basic reasons :
1. We just do not have thousands of dollars or hundreds of Bitcoins to buy us or PRE ORDER ouselves any mining rig - if we did we wudnt be here looking for easy way to make money now would we ?
2. The more number of people start mining the higher is the difficulty & lower is the reward / payout for existing miners.

Currently I have a single Gt 220 installed in my pc & it gives me a speed of 5 mh/s ~ so imagine my condition.

Complaining because you didn't start using bitcoins years ago isn't going to make bitcoins fly into your wallet, so if I may suggest going and buying a few so in 2+ years you can say you paid ~150 USD for something thats worth 1k


--
BTC4A


I am not complaining but just describing the plight of the so called 'new comers' all we are doing is sitting and loathing at a product that on the cover promises to :

- be decentralized
- be meant for everyone
- give every average user the power and control of his own money
- gives out an equal opportunity to everyone with a computer to start 'making' money.

To me it seems like the story has become slightly different although  Bitcoin stays true to its nature & promises BUT,

- The early adopters now have a lot of coins themselves the new comers dont stand a chance.
We cant afford to order an ASIC that costs $2k.
- If we order a $200 worth ASIC by the time we'll get it the 5 gh/s it'll produce wont be enough to even compensate for it's own price in a month. hence it is no longer for 'everyone', and definitely not for an average user.


If this keeps up i think we might end up with an Inverted Pyramid .... Initially the community was strong hashing power well spread, but in the end the hashing powered will be owned by the few who have the money to buy the hardwares - these people would either be the early adopters or the rich scumbag companies.



My viewpoints arent perfect they could be flawed and probably are.


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April 10, 2013, 06:05:54 PM
 #23

legendster - It's the nature of all markets.  Start small, eventually a small number figure out how to optimize and hold that knowledge to gain advantage, so eventually the smaller starters of the market are forced out.  Same for hardware right now, eventually BTC faces the falloff of the entire GPU community because the difficulty has been pushed through the roof due to ASIC units.  While the ASIC owners can maintain the network, this leads to the eventual fall-off of the currency for 99% of the folks on this forum.

The ideal is that a consumer-grade ASIC maker who makes legit units (*cough* BFL *cough*) comes to the scene and those dedicated to the GPU community become the new ASIC community.  Pure hobbyists likely drop off or switch to another currency.  But the 7970's and water cooled units of today are the plug-n-play ASICs of 2014 of some company plays their cards right.  But there will still be the massive installations (ASICMiner) who easily make or break a pool. 

In the end, one industrious group (like ASICMiner) can take over BTC and the real market will be for shares of ASICMiner.  You'll no longer mine, you'll be bidding on shares.  It's a natural evolution. Like the stock market. Smiley
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April 10, 2013, 08:05:19 PM
 #24

So in the end we end up with a somewhat centralized body like Asicminer who controls the entire currency.

Being the backbone of this community would the early adopters of BTC allow that to happen ?


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April 12, 2013, 02:17:51 PM
 #25

He who has the riches gets the spoils.  In terms of mining, replace riches with ASIC's.  It's easy enough for a company with a ~$5m bankroll to fab and put ASICs online and be mining, just nobody has done it yet.  Ideally it'll be spread out across a community and it won't spell a premature demise for BTC for the average Joe, who knows. 
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