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ujka
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July 03, 2013, 07:44:13 PM |
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Hey has anyone figured out where that 9% of unaccounted hashing power is coming from?
No. And it's still increasing every week. 192 unaccounted blocks in last 2016. |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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ujka
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July 03, 2013, 07:47:56 PM |
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Has anyone notice other than me that this is exponential?
What I mean here is that you need new hardware sooner and you get less time to make your money back. Also the new hardware needs to be 1000 times more powerful.
To make things worse less people get a chance at this every tech cycle. These trends are very disturbing.
Most disturbing trends, really. |
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baritus
Legendary
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Activity: 966
Merit: 1052
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July 03, 2013, 09:04:08 PM |
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BTC will go down until it is almost worthless.
Reasons:
1. ASIC owners have no reason to keep their BTC when everyone else who has an ASIC is selling to recoup cost.
2. Aforementioned worsens the effects of rising difficulty by correlating them to dropping price.
3. 1 & 2 basically guarantee the demise of BTC price until a laughable level, not sure what that level is.
4. End result is extreme deflation - you haven't seen anything yet.
Simply, there is now a race to sell as many BTC as you possibly can before everyone else gets their ASIC. This is doom scenario reality.
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Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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jspielberg
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July 04, 2013, 03:13:20 AM |
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BTC will go down until it is almost worthless.
Reasons:
1. ASIC owners have no reason to keep their BTC when everyone else who has an ASIC is selling to recoup cost.
2. Aforementioned worsens the effects of rising difficulty by correlating them to dropping price.
3. 1 & 2 basically guarantee the demise of BTC price until a laughable level, not sure what that level is.
4. End result is extreme deflation - you haven't seen anything yet.
Simply, there is now a race to sell as many BTC as you possibly can before everyone else gets their ASIC. This is doom scenario reality.
Awesome... can't wait to buy lots more at 50 and 10! |
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ujka
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July 04, 2013, 08:35:14 AM |
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ASIC owners? Where?
A few hundred Jalapeno owners, a few hundred Avalon owners, and... and... well, that's all.
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suprabitz
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July 05, 2013, 02:49:54 PM |
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so from june 5 to july 5 we're up 12m to 21m almost 100% increase... wow... and MOST of the backorders for BFL and Avalon are not filled - in fact batch 3 hasn't even shipped and many customers have requested refunds. As for BFL only a couple hundred 5 GH/s and a few SC and no rigs have shipped.
And Asicminer must have moved over 10,000 usb sticks at .3 MH/s each thats 3TH/s if you add it up, some serious hash for little sticks. And July 10 new asicminers being announced which will probably spur sales.
Looks like every month for at least the next few months its surely going to be close to doubling
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ujka
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July 05, 2013, 03:20:04 PM |
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so from june 5 to july 5 we're up 12m to 21m almost 100% increase... wow... and MOST of the backorders for BFL and Avalon are not filled - in fact batch 3 hasn't even shipped and many customers have requested refunds. As for BFL only a couple hundred 5 GH/s and a few SC and no rigs have shipped.
Or, looking at hashrate increase: from 130TH/s to 180TH/s. That's 50TH/s. How to account that in shipped units!? Must be that Avalon batch 2 is finalized and hashing (~40TH/s). |
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HackneyB
Newbie
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Activity: 12
Merit: 0
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July 06, 2013, 02:24:03 PM |
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There are other startups hashing themselves and producing (and selling) ASIC hashing hardware, not to mention that GPU hashing is still going on and people are still joining just for fun, even if they won't care about profit.
Asicminer is hashing themselves and selling devices to people. Chips are now being sold as well, presumably all those chips will be hashing soon .. we're going to get flooded with hashes at an even faster pace now once Avalon and BFL buyers become the minority in the ASIC market.
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