tomaszsz (OP)
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June 12, 2013, 09:00:35 AM |
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Bitcoin centralization is bad, and that's what companies such as ASICminer do !
big power / hashrarte in one hand !
when will the change in BitCoin algorithm eliminates ASICs ?
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g83
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June 12, 2013, 09:02:04 AM |
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ASICminer is not just mining, they are selling asics to decentralise mining too !
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rammy2k2
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Activity: 1974
Merit: 1003
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June 12, 2013, 09:04:03 AM |
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Bitcoin centralization is bad, and that's what companies such as ASICminer do !
big power / hashrarte in one hand !
when will the change in BitCoin algorithm eliminates ASICs ?
bored ? |
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zvs
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Merit: 1000
https://web.archive.org/web/*/nogleg.com
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June 12, 2013, 02:45:12 PM |
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Bitcoin centralization is bad, and that's what companies such as ASICminer do !
big power / hashrarte in one hand !
when will the change in BitCoin algorithm eliminates ASICs ?
non-specialized equipment -> specialized equipment = more centralization not that it really matters in this case |
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af_newbie
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Activity: 2688
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June 12, 2013, 02:58:04 PM |
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ASICminer is not just mining, they are selling asics to decentralise mining too !
 You are joking, right? They are making a killing selling blades and erupters. They are NOT doing it to decentralize anything. |
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g83
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June 12, 2013, 03:05:51 PM |
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Why do you think this is killing, please explain
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Trongersoll
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June 12, 2013, 06:13:36 PM |
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Sounds to me like someone is mad that they don't have the resources to do what others do. No one ever declared that Bitcoin should be a communist endeaver. If the bread crumbs you get aren't enough then quit mining. It takes money to make money and ASICminer found away. Why shouldn't they reap the rewards.  |
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DrHaribo
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Needs more jiggawatts
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June 12, 2013, 08:10:56 PM |
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At the Bitcoin 2013 conference, security researcher Dan Kaminsky predicted that the current algorithm will not survive the year.
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PeZ
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June 13, 2013, 06:45:36 PM |
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ASICminer is not just mining, they are selling asics to decentralise mining too !
Yeah....2 BTC for 333MH/s. You made a funny right? |
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01BTC10
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Merit: 503
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June 13, 2013, 06:56:38 PM |
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spiral_mind
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June 13, 2013, 06:58:05 PM |
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I kind of agree. While ASICminer is held publicly the owners of the corporation are doubtlessly raking in piles of money right now.
Its sad that Bitcoin's got a corporation that owns 1/4 of the network's hashrate. You can either buy ASICminer and let them make most of the real profits from your mining investment or mine yourself and make drastically less money because they are ramping the difficulty up so much.
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saveawedge
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June 13, 2013, 07:03:13 PM |
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I kind of agree. While ASICminer is held publicly the owners of the corporation are doubtlessly raking in piles of money right now.
Its sad that Bitcoin's got a corporation that owns 1/4 of the network's hashrate. You can either buy ASICminer and let them make most of the real profits from your mining investment or mine yourself and make drastically less money because they are ramping the difficulty up so much.
They are just one of the first companies to deploy their ASICs. Of course they will reap the biggest benefits in the short-medium term for this reason. I believe we will see a more level playing field when other ASICs start emerging on the marketplace. |
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atariguy
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June 13, 2013, 07:35:38 PM |
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I can't access Reddit from work, but the Business Insider article certainly didn't say anything about it not surviving the year... |
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-ck
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Ruu \o/
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June 13, 2013, 10:49:12 PM |
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At the Bitcoin 2013 conference, security researcher Dan Kaminsky predicted that the current algorithm will not survive the year.
Time for a different prediction: He's been wrong about bitcoin before, and he'll be wrong again. |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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pikeadz
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June 14, 2013, 12:46:36 AM |
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ASICminer is not just mining, they are selling asics to decentralise mining too !
You are joking, right? They are making a killing selling blades and erupters. They are NOT doing it to decentralize anything. Since when are profit and decentralization mutually exclusive? The two have nothing to do with each other, and the profit is also redistributed to shareholders. You don't make any sense. |
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jdany
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June 14, 2013, 11:11:03 AM |
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Since when are profit and decentralization mutually exclusive? The two have nothing to do with each other, and the profit is also redistributed to shareholders. You don't make any sense.
+1 |
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DrHaribo
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Needs more jiggawatts
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June 14, 2013, 11:16:21 AM |
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At the Bitcoin 2013 conference, security researcher Dan Kaminsky predicted that the current algorithm will not survive the year.
Time for a different prediction: He's been wrong about bitcoin before, and he'll be wrong again. I agree. Changing the algorithm just means new ASICs will be made for the new algorithm. It doesn't really change anything. He does have a point about "one dude" though. |
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aceking
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June 14, 2013, 11:31:29 AM |
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corporate mining is unavoidable .
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af_newbie
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Activity: 2688
Merit: 1468
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June 14, 2013, 03:36:20 PM |
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Why do you think this is killing, please explain
They have no competition and sell their h/w with 8+ mths payback time. Their competitors cannot ship in quantity to compete. If they did, the prices of ASICMiner products would have to come down to 1-3 month range. Right now they are the only game in town, so they make huge profit selling those blades/sticks. Do you think people will stop buying their next blade? It will sell like there is no tomorrow. Unless BFL starts shipping minirigs in quantity, or avalon ships their batch #2/#3, chips and announce a 2nd gen chip. |
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