Bitcoin Forum
December 17, 2017, 03:02:54 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Will there be an ASIC manufacturer's association like OPEC?  (Read 1451 times)
johnyj
Legendary
*
Offline Offline

Activity: 1834


Beyond Imagination


View Profile
April 22, 2013, 05:05:18 PM
 #1

It's obviously the more and faster they produce ASIC, the worse their products will be priced due to rising difficulty caused by their delivery Cool

And control the speed of rise in difficulty also has a benefit of stablize the bitcoin price appreciation so it could be more predictable

1513522974
Hero Member
*
Offline Offline

Posts: 1513522974

View Profile Personal Message (Offline)

Ignore
1513522974
Reply with quote  #2

1513522974
Report to moderator
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513522974
Hero Member
*
Offline Offline

Posts: 1513522974

View Profile Personal Message (Offline)

Ignore
1513522974
Reply with quote  #2

1513522974
Report to moderator
aqrulesms
Sr. Member
****
Offline Offline

Activity: 303



View Profile
April 22, 2013, 05:33:15 PM
 #2

No, bitcoin is not big enough for anyone to seriously organize a "ASIC miner" organization.

    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   
   ████████████████████████████████   
     ▀██████████████████████████▀     
        ▀████████████████████▀       
          ████████████████▀         
            █████████████           
            ▀████████████▀           
             ▀██████████▀             
              ██████████             
               ████████               
               ▀██████▀               
                ██████               
                 
.
trade.io.
██████
██████
███
███
███
███
███
███
███
███
███
██████
██████

▄██████████████████▄
███       ▀███████
███       █████████
███       █████████
███       █████████
███              ██
███   ▄▄▄▄▄▄▄▄   ███
███   ▄▄▄▄▄▄▄▄   ███
███              ███
███▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
██████████████████▀

▄██████████████████▄
███████████▀ ███████
█████████▀   ███████
███████▀     ██▀ ███
███ ▀▀       █▄▄████
███          █▀▀▀▀██
███ ▄▄       ███████
██████▄     █▄ ▀███
█████████▄   ███▄███
███████████▄ ███████
▀██████████████████▀

▄██████████████████▄
████████████████████
███████████████▀▀ ██
█████████▀▀     ███
████▀▀     ▄█▀   ███
███▄    ▄██      ███
█████████▀      ▄██
█████████▄     ████
█████████████▄ ▄████
████████████████████
▀██████████████████▀
██████
██████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
██████
██████
.
.Join the Trading Revolution.
PatMan
Hero Member
*****
Offline Offline

Activity: 924


Watch out for the "Neg-Rep-Dogie-Police".....


View Profile WWW
April 23, 2013, 02:28:15 PM
 #3

Like OPEC?  That criminal cartel that price fixes across the board?  I bloody hope not  Wink

"When one person is deluded it is called insanity - when many people are deluded it is called religion" - Robert M. Pirsig.  I don't want your coins, I want change.
Amazon UK BTC payment service - https://bitcointalk.org/index.php?topic=301229.0 - with FREE delivery!
http://www.ae911truth.org/ - http://rethink911.org/ - http://rememberbuilding7.org/
Dalkore
Legendary
*
Offline Offline

Activity: 1190


ASIC Miner Hosting: www.bitcoinasichosting.com


View Profile WWW
April 25, 2013, 11:22:28 AM
 #4

Like OPEC?  That criminal cartel that price fixes across the board?  I bloody hope not  Wink

An ASIC cartel could not "fix" prices.  But the idea of miners working something out so they can all be a little profitable other than only a few, is not the worst idea.  Many people complain about the centralization of Bitcoin mining, they is one way people could try and find a solution.   Not sure how you could get enforcement, at the pool level maybe.

[Winter Fire Sale] Hosting: $60.00 per KW) [6-month contracts] - Link
Transaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
Viceroy
Hero Member
*****
Offline Offline

Activity: 630


View Profile
April 25, 2013, 02:40:32 PM
 #5

so they can all be a little profitable other than only a few, is not the worst idea. 

So the only way to mine is to have 3 major mining companies fixing the price of coins.  Bitcoin is broken, no?
Quix
Full Member
***
Offline Offline

Activity: 175


View Profile
April 25, 2013, 10:58:21 PM
 #6

No, because someone else would just make miners. OPEC only works because they control the oil is only in specific places. ASICs can be made anywhere.
mgio
Hero Member
*****
Offline Offline

Activity: 546


View Profile
April 26, 2013, 02:47:16 AM
 #7

No, for many reasons. First of all it would be illegal, in the US at least, and be shut down pretty fast.

Second of all, the price people are willing to pay for miners is directly related to how much money they can make off using one. So the market will determine the miners price and the sellers will adjust their price to maximize their profits.
Viceroy
Hero Member
*****
Offline Offline

Activity: 630


View Profile
April 29, 2013, 02:01:14 PM
 #8

I am forming a group now.  If you want to be a price setter rather than a price payer, you need to sign up today!
wrenchmonkey
Full Member
***
Offline Offline

Activity: 224



View Profile
April 29, 2013, 09:55:09 PM
 #9

I am forming a group now.  If you want to be a price setter rather than a price payer, you need to sign up today!
Good luck with that...  Roll Eyes

If you want to be a price setter, design a product that people want. End of story.

Block Erupter Overclocking 447 M/Hash, .006 (discounts if done in quantity) https://bitcointalk.org/index.php?topic=300206.msg3218480#msg3218480

Buy and sell mining shares (Bitfury). https://cex.io/r/1/wrenchmonkey/0/
Operatr
Hero Member
*****
Offline Offline

Activity: 798


www.DonateMedia.org


View Profile WWW
April 30, 2013, 12:45:49 AM
 #10

Miners are not global conglomerates or corporate bankers, they are tech enthusiasts and futurists. Even if one coin were subverted that way, one of the others could feasibly replace it and simple dis-adoption would remove that OPEC like power structure like cancer. Bitcoin is more self corrective than people give it credit for. It could be true if Bitcoin itself was the only crypto in existence, but Bitcoin and Litecoin have spawned many derivative coins that all ride the same network and hardware.

shirokuma
Newbie
*
Offline Offline

Activity: 14


View Profile
October 16, 2013, 08:12:48 AM
 #11

From consumer's side, Oil is basic necessities, but Bitcoin is not.
cowandtea
Sr. Member
****
Offline Offline

Activity: 434


View Profile
October 18, 2013, 08:01:18 AM
 #12

From consumer's side, Oil is basic necessities, but Bitcoin is not.

Bitcoin is a necessities (maybe not now but in the future), just like fiat.

theonewhowaskazu
Sr. Member
****
Offline Offline

Activity: 448


View Profile
October 19, 2013, 02:16:48 AM
 #13

No, for many reasons. First of all it would be illegal, in the US at least, and be shut down pretty fast.

Why exactly would it be illegal?  Huh

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!