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Author Topic: ASIC BFL. is the end of the BTC?  (Read 1157 times)
pichadpi
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May 08, 2013, 09:22:11 PM
 #21

Are these things actually being shipped?
Yes, Avalon has shipped their first batch of ASICs. They have 2 more batches coming down the pike.
BFL has begun sprinkling baby ASICs. (Jalapeno = 5'ish Gh/s) Mostly to developers, some "media", and apparently some customers, but not sure. Not many have gone out, but they're claiming they'll ramp up production and start shipping more and larger units.
kittycatman
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May 08, 2013, 09:53:03 PM
 #22

The little miner is down. and only powerfull could be., or not?

wut?
tom_o
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May 08, 2013, 09:57:10 PM
 #23

Gonna be interesting to see the difficult shoot up exponentially.
elCamo
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May 08, 2013, 09:57:48 PM
 #24

CPU based crypto is immune to the ASIC tech correct?
elg
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May 08, 2013, 09:58:23 PM
 #25

The little miner is down. and only powerfull could be., or not?

wut?

didn't get it neither....

Jaxkr
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May 08, 2013, 10:47:30 PM
 #26

That is why: LTC(or any other scipt base currency)>BTC
Nope. Scrypt currencies are for the greedy. They are designed for easy mining.
You missed the CPU and GPU Bitcoin mining train, and you like Litecoin because you want to mine a currency. Even though Litecoin is almost useless and seldom accepted.
The ASICs are the future, and allow for even more decentralization of the network. They put more hashing power into the miners (which is good for them), and cause transactions to be verified with more power (which is good for the average user).
w1seguy
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May 08, 2013, 10:50:03 PM
 #27

Nope. It makes bitcoin stronger and more valuable. The more someone has to invest in creating the coins, the less they'll be willing to part with those coins on the cheap, therefore the value rises. ASICs are definitely a good thing for Bitcoin.

My thoughts exactly.

I agree with both of you, and it also helps that I have one coming in the mail soon! *crosses fingers*
Jaxkr
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May 08, 2013, 10:50:17 PM
 #28

CPU based crypto is immune to the ASIC tech correct?
No such thing. SHA-256 is "CPU based", but it just happens that GPUs are good at mining it.
However, hashing algorithms with a RAM requirement are resistant to Application Specific devices, because it would require more than just a chip.
Jaxkr
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May 08, 2013, 10:50:58 PM
 #29

Nope. It makes bitcoin stronger and more valuable. The more someone has to invest in creating the coins, the less they'll be willing to part with those coins on the cheap, therefore the value rises. ASICs are definitely a good thing for Bitcoin.

My thoughts exactly.

I agree with both of you, and it also helps that I have one coming in the mail soon! *crosses fingers*
If it's from BFL, it's not coming "soon".  Embarrassed I'm in the same boat as you, pal.
joats
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May 09, 2013, 01:05:23 AM
 #30

Yes this is the end of the BTC, please uninstall the client and delete your wallet.dat  Smiley

That is why: LTC(or any other scipt base currency)>BTC
Since when there can't be ASIC for LTC?  Roll Eyes



Since GPUs are pretty much perfect for LTC mining. FPGAs and ASICs would be insanely expensive compared to just getting an array of GPUs to mine. In technical terms, scrypt is heavily reliant on FAST and I mean FAST memory which you cannot get cheaply in FPGAs and ASICs unlike specialized processors. I think even CPUs would be more cost-effective than FPGA/ASIC but whatever  Grin
Jaxkr
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May 09, 2013, 02:27:35 AM
 #31

Yes this is the end of the BTC, please uninstall the client and delete your wallet.dat  Smiley

That is why: LTC(or any other scipt base currency)>BTC
Since when there can't be ASIC for LTC?  Roll Eyes


RAM requirements.
Andj
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May 09, 2013, 02:43:52 AM
 #32

Maybe good for alt coins?
jamesblack
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May 09, 2013, 10:07:34 AM
 #33

no, in fact, is a jump, changing for the bt .....
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