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nkocevar (OP)
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April 18, 2014, 12:35:05 AM |
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Are we done developing better asics? I havent heard any new news of upgrades... Are we about done? Have we decided we cant fit any more hashing power into such as small chip and it be power effective? Or have I just not been paying attention? Also, if there is a new wave coming out, what are the specs going to be (TH/s, Power consumption, etc.)?
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hulk
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April 18, 2014, 12:39:16 AM |
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They just came out with 1-3TH/s ASIC so it might take sometime until they deliver it all and come out with 4-10 TH/s asic  |
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nkocevar (OP)
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April 18, 2014, 12:40:02 AM |
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They just came out with 1-3TH/s ASIC so it might take sometime until they deliver it all and come out with 4-10 TH/s asic When will they ever run out of things to upgrade xD?!?! |
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infinitewealth
Newbie
 Offline
Activity: 32
Merit: 0
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April 18, 2014, 12:42:12 AM |
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yes. soon knc will be setting up their own mining farm.
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Somekindabitcoin
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April 18, 2014, 01:04:28 AM |
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yes. soon knc will be setting up their own mining farm.
knc already has a private mining farm. As to the ASIC's Spondoolies-Tech has a 5.4 TH machine in the works due to be ready to ship in August of this year. They also have said they are working on their third generation miner that would have so much TH that other miners will be obsolete. |
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nkocevar (OP)
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April 18, 2014, 01:09:12 AM |
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yes. soon knc will be setting up their own mining farm.
knc already has a private mining farm. As to the ASIC's Spondoolies-Tech has a 5.4 TH machine in the works due to be ready to ship in August of this year. They also have said they are working on their third generation miner that would have so much TH that other miners will be obsolete. Close you eyes. And imagine a 5.4 TH/s miner. 18 months ago. *Mind explodes* |
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Somekindabitcoin
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April 18, 2014, 02:58:37 AM |
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If I could have convinced my parents back then that Bitcoin was a great investment, I would just buy the bitcoins instead of the miners. Today I'd probably own a huge mining farm.
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kthejung
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April 18, 2014, 05:44:33 AM
Last edit: April 18, 2014, 06:27:19 AM by kthejung |
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50 T/H worth of mining power will get you about 3 bitcoins per month in January 2015. Think about that. We're talking at least tens of T/H early next year and hundreds of T/H later on in 2015. This should not be too much of a surprise since just last year a 5 G/H Jalapeno was actually worth something in the beginning of 2013.
By the way, a 5.4 T/H miner delivered in August will only get you back about 6 btcs.
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ZiG
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April 18, 2014, 07:41:23 AM |
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50 T/H worth of mining power will get you about 3 bitcoins per month in January 2015. Think about that. We're talking at least tens of T/H early next year and hundreds of T/H later on in 2015. This should not be too much of a surprise since just last year a 5 G/H Jalapeno was actually worth something in the beginning of 2013.
By the way, a 5.4 T/H miner delivered in August will only get you back about 6 btcs.
...and 50T/H will need about 50KW of electric power ...at current efficiency of 1W/1GH...and will cost you ...@$0.10/KWh * 720 * 50 = #3600 ...  BTC @ $1200 is about breakeven ...Overhead...hosting etc...is extra...  Hard to believe that mining will be the same by the end of 2014... |
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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April 18, 2014, 07:59:39 AM |
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I'm actually getting 16.2 TH
with the large GH farms/neptunes and other stuff coming out ..ie probably all the same week at this point... just could not justify 21k for a 16.2th unit (which is spoonigneles or whatever it is called) it is gonna get really really ugly chasing the GH i need to mine ..ghost this summer imho me GH wise I'm sitting on the fence (no need to throw rocks i did my 'stupid' for the year and got a Titan ....sigh) but its like a dog chasing a car...assuming i catch it...the car will just drag me down the road anyway (i know my analogies suck..but getting too too hard to keep up with the big boys and GH arms race) so we also serve who sit on the fence (gh wise) and scratch head//////? ? Searing |
Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:) |
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ZiG
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April 18, 2014, 08:07:41 AM |
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I'm actually getting 16.2 TH
Good luck... Do you have spare 16-18-20KW electric power available ...like 160-200Amps 110V... Or $1200 per month for electric bill ...or leasing fees...? It is NOT so simple, kid... I wish too...  |
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nkocevar (OP)
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April 18, 2014, 11:36:21 AM |
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About how many months between wave releases of new asics is it?
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kthejung
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April 18, 2014, 01:06:02 PM |
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50 T/H worth of mining power will get you about 3 bitcoins per month in January 2015. Think about that. We're talking at least tens of T/H early next year and hundreds of T/H later on in 2015. This should not be too much of a surprise since just last year a 5 G/H Jalapeno was actually worth something in the beginning of 2013.
By the way, a 5.4 T/H miner delivered in August will only get you back about 6 btcs.
...and 50T/H will need about 50KW of electric power ...at current efficiency of 1W/1GH...and will cost you ...@$0.10/KWh * 720 * 50 = #3600 ... BTC @ $1200 is about breakeven ...Overhead...hosting etc...is extra... Hard to believe that mining will be the same by the end of 2014... I'm assuming that one of these will happen: 1. much more efficient ASIC's are created 2. price of btc keeps mining reasonable 3. difficulty increase rate will drop |
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Soros Shorts
Donator
Legendary
Offline
Activity: 1617
Merit: 1012
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April 18, 2014, 07:14:09 PM |
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I'm actually getting 16.2 TH
Good luck... Do you have spare 16-18-20KW electric power available ...like 160-200Amps 110V... Or $1200 per month for electric bill ...or leasing fees...? It is NOT so simple, kid... I wish too... If he ordered 3 x SP30 Yukons, which I think he did, then he would only need about 7.5 kW. |
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Somekindabitcoin
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April 18, 2014, 10:42:00 PM |
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It's hosted in their facility. 7.5 kW is not much.
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Somekindabitcoin
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April 18, 2014, 10:43:47 PM |
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I'm actually getting 16.2 TH
Good luck... Do you have spare 16-18-20KW electric power available ...like 160-200Amps 110V... Or $1200 per month for electric bill ...or leasing fees...? It is NOT so simple, kid... I wish too... Try 1200 per 3 months. |
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XScrypt
Member
Offline
Activity: 62
Merit: 10
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April 18, 2014, 11:41:20 PM |
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50 T/H worth of mining power will get you about 3 bitcoins per month in January 2015. Think about that. We're talking at least tens of T/H early next year and hundreds of T/H later on in 2015. This should not be too much of a surprise since just last year a 5 G/H Jalapeno was actually worth something in the beginning of 2013.
By the way, a 5.4 T/H miner delivered in August will only get you back about 6 btcs.
...and 50T/H will need about 50KW of electric power ...at current efficiency of 1W/1GH...and will cost you ...@$0.10/KWh * 720 * 50 = #3600 ... BTC @ $1200 is about breakeven ...Overhead...hosting etc...is extra... Hard to believe that mining will be the same by the end of 2014... I'm assuming that one of these will happen: 1. much more efficient ASIC's are created 2. price of btc keeps mining reasonable 3. difficulty increase rate will drop The thing is, they're rapidly approaching the efficiency barrier if they haven't already hit it. There are physical limits to what can be done with the chips. Once the limit is reached it becomes how much you can cram into a package without melting itself into a pile of slag. |
LTC- LKdDXfJbCqMHpqTZwhaMKRE51eA7PPsCYy
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ZiG
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April 19, 2014, 02:04:09 AM |
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I'm actually getting 16.2 TH
Good luck... Do you have spare 16-18-20KW electric power available ...like 160-200Amps 110V... Or $1200 per month for electric bill ...or leasing fees...? It is NOT so simple, kid... I wish too... Try 1200 per 3 months. NO ...you try $1200 PER UNIT per 3 months...you are buying 3 SP30 bundle ...right... = $1200 per month...out of your mom's pocket...kid...  |
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Somekindabitcoin
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April 19, 2014, 02:17:41 AM |
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It's alright. It's more than you ever made working at Mcdonalds |
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