[4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool

[digital]

i can't imagine that this kind of increase in difficulty will last too long. 6 months, a year at the outside, then we'll start to stabilize. ...i hope.

The difficulty can go a long way in a year.  Especially with all the asics that have yet to ship...

Not to mention the fact that the asic manufacturers are going to start upping their game.  So there is a good chance that this will continue indefinitely...

[EasyQuest]

i can't imagine that this kind of increase in difficulty will last too long. 6 months, a year at the outside, then we'll start to stabilize. ...i hope.

ASICs......... If people can manufacture them then more hashing power continue to be added to the market........ There is no stopping. ASICMiner, Avalon, and Butterfly Labs (Possibly more)  all can produce as much as they can but all know that difficulty will rise constantly so they hold off. Who knows these people can probably produce ASICs for litecoin as well meaning crypto currency is not just some poor man's rich dream with his computer but a rich man opportunity to make more money. :S

[bspurloc]

i can't imagine that this kind of increase in difficulty will last too long. 6 months, a year at the outside, then we'll start to stabilize. ...i hope.

ASICs......... If people can manufacture them then more hashing power continue to be added to the market........ There is no stopping. ASICMiner, Avalon, and Butterfly Labs (Possibly more)  all can produce as much as they can but all know that difficulty will rise constantly so they hold off. Who knows these people can probably produce ASICs for litecoin as well meaning crypto currency is not just some poor man's rich dream with his computer but a rich man opportunity to make more money. :S

I don't understand why ALIBABA doesn't have 30+ Chinese manufacturers creating Miners for sale.
You can find anything you want there, anything! with many many different companies making it.
Android TV devices there are pages and pages of copycat makers... what is taking them so long for Miners?!?

[Trongersoll]

Basically, we are in an Arms Race. The people who increase their hash rate consistently will hold their own. Those who increase their hash rate at an increasing rate will pull ahead. Those who don't increase their hash rate will fall by the wayside. And just like in the Cold War, the winners will be the ones who manage to bankrupt their competition. Remember, this is just a game...

Oh, i did notice that Slush's pool has increased it's share by .3%. we are back to 10%.

[ewitte]

Just the beginning I sacrificed a bit of my Hash Rate to gain much better infrastructure off Asics 3 months from now.  What I'm running now I'm hoping to be 10 times that by the end of the year.  Which really may just put me where I am right now lol.  But 10x of that would be 100x today and 10x that would be 1000x today.  Its not going to keep multiplying exponentially for very long ASIC or not.

Eric

[valladex]

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

[organofcorti]

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Why cheaper?

[desired_username]

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Fluctuations in price are nothing new.

In my opinion, It doesn't really matter.

[ewitte]

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Or to keep from getting robbed aka Cyprus

[valladex]

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Why cheaper?

If you cant mine for coins you have to buy them, people selling BTC here in the UK charge a premium (up to about 10%), bank transfers to exchanges are pretty much non existent.
an item costing £80 on amazon is most likely going to cost more somewhere else e.g (insert Btc store here) due to lack of purchasing power.
And for newbies, the hassle of setting up the wallet, finding stores, obtaining Btc (no easy task)

Everyone can afford a GPU, not many can afford 2k+ for asic.

[organofcorti]

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Why cheaper?

If you cant mine for coins you have to buy them, people selling BTC here in the UK charge a premium (up to about 10%), bank transfers to exchanges are pretty much non existent.
an item costing £80 on amazon is most likely going to cost more somewhere else e.g (insert Btc store here) due to lack of purchasing power.
And for newbies, the hassle of setting up the wallet, finding stores, obtaining Btc (no easy task)

Everyone can afford a GPU, not many can afford 2k+ for asic.

So it's more expensive for people in the UK - that sucks. That's not everyone though.

Most people can use bitpay, it's same price as using a credit card without everyone knowing you just bought "Busty beauties 7" online. I'm not sure why you're unable to use it?

[valladex]

I think ASIC will start the demise of bitcoin from the consumer point of view, if you cant mine for BTC why pay a premium to buy them when a debit card and amazon will be cheaper for any LEGAL goods you might want to buy. Speculation and slightly dodgy transactions is all people will want BTC for.

Why cheaper?

If you cant mine for coins you have to buy them, people selling BTC here in the UK charge a premium (up to about 10%), bank transfers to exchanges are pretty much non existent.
an item costing £80 on amazon is most likely going to cost more somewhere else e.g (insert Btc store here) due to lack of purchasing power.
And for newbies, the hassle of setting up the wallet, finding stores, obtaining Btc (no easy task)

Everyone can afford a GPU, not many can afford 2k+ for asic.

So it's more expensive for people in the UK - that sucks. That's not everyone though.

Most people can use bitpay, it's same price as using a credit card without everyone knowing you just bought "Busty beauties 7" online. I'm not sure why you're unable to use it?

dont you need Btc to start with to use Bitpay though?

[ewitte]

Everyone can afford a GPU, not many can afford 2k+ for asic.

With the K16 project its not going to be necessary to drop 2k for ASIC.  At current chip prices its closer to $300 for 4.5GH/s.  Cheap enough for DIY to still exist but GPUs will quickly become useless.

[valladex]

Everyone can afford a GPU, not many can afford 2k+ for asic.

With the K16 project its not going to be necessary to drop 2k for ASIC.  At current chip prices its closer to $300 for 4.5GH/s.  Cheap enough for DIY to still exist but GPUs will quickly become useless.

is that the same as the asicgigahash project based in the uk?  can i trust them enough to make a pre-order if it is?

even 4.5GH/s will be next to nothing at the rate things are going, would still need a few!

[ewitte]

is that the asicgigahash project based in the uk?  can i trust them enough to make a pre-order if it is?

even 4.5GH/s will be next to nothing at the rate things are going, would still need a few!

Avalon is selling chip productions in minimum batches of 10000 there are a good dozen people implementing these.  Yes 4.5GH/s will likely be the new 450MH/s  We are basically just swapping a $300 450MH/s video card with a $300 4.5GH/s ASIC.  At least until even newer ASICS are released.

[valladex]

is that the asicgigahash project based in the uk?  can i trust them enough to make a pre-order if it is?

even 4.5GH/s will be next to nothing at the rate things are going, would still need a few!

Avalon is selling chip productions in minimum batches of 10000 there are a good dozen people implementing these.  Yes 4.5GH/s will likely be the new 450MH/s  We are basically just swapping a $300 450MH/s video card with a $300 4.5GH/s ASIC.  At least until even newer ASICS are released.

will there be a plentiful supply of chips? if so all is well and good    

edit-- found my own answer, at least the end of the year, im a little less bitter towards ASIC now. 

[ewitte]

will there be a plentiful supply of chips? if so all is well and good   

Sub $50 USB sticks would do wonders for affordability (and difficulty!).  Its all possible as long as some manufacturer is still producing.

[valladex]

will there be a plentiful supply of chips? if so all is well and good   

Sub $50 USB sticks would do wonders for affordability (and difficulty!).  Its all possible as long as some manufacturer is still producing.

nearly pre ordered some usb, but at BTC2 its cheaper to get a 6870 gpu for same hashes and a gaming system or 2 after.

[ewitte]

nearly pre ordered some usb, but at BTC2 its cheaper to get a 6870 gpu for same hashes and a gaming system or 2 after.

Current USB price is ridiculous.  One chip costs closer to BTC0.08 price is high because they are not available in large quantities yet

[ZipTheRip]

2013-06-07 12:32:33: Running command: poclbm.exe ZipTheRip.6850:cash@stratum.bitcoin.cz:3333 --device=0 --platform=1 --verbose -r1 -v -f 5 -w 128
2013-06-07 12:32:33: Listener for "6850" started
2013-06-07 12:32:36: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:36, started OpenCL miner on platform 1, device 0 (Barts)
2013-06-07 12:32:36: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:36, checking for stratum...
2013-06-07 12:32:36: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:36, no response to getwork, using as stratum
2013-06-07 12:32:50: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:50, Verification failed, check hardware! (1:0:Barts, 2c5351ea)
2013-06-07 12:32:57: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:57, Verification failed, check hardware! (1:0:Barts, 03c45553)
2013-06-07 12:32:58: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:32:58, Verification failed, check hardware! (1:0:Barts, 7b6bdb9d)
2013-06-07 12:33:00: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:33:00, Verification failed, check hardware! (1:0:Barts, 1c3be855)
2013-06-07 12:33:12: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:33:12, Verification failed, check hardware! (1:0:Barts, 0704577d)
2013-06-07 12:33:17: Listener for "6850": stratum.bitcoin.cz:3333 07/06/2013 12:33:17, Verification failed, check hardware! (1:0:Barts, 832d17b7)



Just atarted happening, whats going on? any insight or help would be apperciated.