Lucky7Gaming (OP)
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Activity: 87
Merit: 10
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July 07, 2014, 01:24:13 AM |
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http://igg.me/p/822701/xWhat do you guys think? Legit or scam? If this is real it could mean that difficulty would go up even more and our old miners would become obselete even faster.
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bbeesley
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July 07, 2014, 01:31:03 AM |
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"I am a Graduated Science Engineer major with a 3.84GPA from Atlantic City, NJ, USA. "
Scam...a person with the credentials offered would have not made this egregious grammar mistake
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1A3vU4r4typS1jNFfaJjvm77ZHMtqEvB4F
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Lucky7Gaming (OP)
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Activity: 87
Merit: 10
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July 07, 2014, 01:32:38 AM |
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"I am a Graduated Science Engineer major with a 3.84GPA from Atlantic City, NJ, USA. "
Scam...a person with the credentials offered would have not made this egregious grammar mistake
Yeah. That's true. I'm wondering when the improvment in ASICS will stop.
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bbeesley
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July 07, 2014, 01:34:12 AM |
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Yeah. That's true. I'm wondering when the improvment in ASICS will stop.
never...technology will always get "better' given enough time and incentive for profit
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1A3vU4r4typS1jNFfaJjvm77ZHMtqEvB4F
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beatljuice
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July 07, 2014, 01:35:33 AM |
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"I am a Graduated Science Engineer major with a 3.84GPA from Atlantic City, NJ, USA. "
Scam...a person with the credentials offered would have not made this egregious grammar mistake
Yeah. That's true. I'm wondering when the improvment in ASICS will stop. Uh, never. Unless bitcoin and all other SHA-256 coins go bust. I'm guessing you don't want that.
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Lucky7Gaming (OP)
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Activity: 87
Merit: 10
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July 07, 2014, 01:36:40 AM |
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"I am a Graduated Science Engineer major with a 3.84GPA from Atlantic City, NJ, USA. "
Scam...a person with the credentials offered would have not made this egregious grammar mistake
Yeah. That's true. I'm wondering when the improvment in ASICS will stop. Uh, never. Unless bitcoin and all other SHA-256 coins go bust. I'm guessing you don't want that. But what's going to get better? Optimization I guess. Probably not nm.
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dyask
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July 07, 2014, 01:42:20 AM |
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http://igg.me/p/822701/xWhat do you guys think? Legit or scam? If this is real it could mean that difficulty would go up even more and our old miners would become obselete even faster. My thoughts: 1) A 14nm ASIC is unlikely to come from a crowd funded source with no ASIC experience. 2) There are many problems with scaling ASICs that have not necessary been solved. The results may in fact be disappointing, maybe in the range of 1.6% faster and not as much power reduction as expected. 3) 14nm is very new and hasn't had time to mature. There will likely be smaller ASICs in coming years, but the huge gains are in. No it is more of a factor of using more ASICs not vastly faster ASICs.
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Lucky7Gaming (OP)
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Activity: 87
Merit: 10
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July 07, 2014, 01:44:43 AM |
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http://igg.me/p/822701/xWhat do you guys think? Legit or scam? If this is real it could mean that difficulty would go up even more and our old miners would become obselete even faster. My thoughts: 1) A 14nm ASIC is unlikely to come from a crowd funded source with no ASIC experience. 2) There are many problems with scaling ASICs that have not necessary been solved. The results may in fact be disappointing, maybe in the range of 1.6% faster and not as much power reduction as expected. 3) 14nm is very new and hasn't had time to mature. There will likely be smaller ASICs in coming years, but the huge gains are in. No it is more of a factor of using more ASICs not vastly faster ASICs. So I wonder if difficulty will plateau then?
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beatljuice
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July 07, 2014, 01:48:33 AM |
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"I am a Graduated Science Engineer major with a 3.84GPA from Atlantic City, NJ, USA. "
Scam...a person with the credentials offered would have not made this egregious grammar mistake
Yeah. That's true. I'm wondering when the improvment in ASICS will stop. Uh, never. Unless bitcoin and all other SHA-256 coins go bust. I'm guessing you don't want that. But what's going to get better? Optimization I guess. Probably not nm. Okay folks, a little computer history for you. In 1990 the fastest consumer level computer you could get was a Mac II fx at 40MHz with 4 MB, expandable to 128 MB. That was 24 years ago. How long have SHA-256 ASICs been around? 2 years?
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ALToids
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July 07, 2014, 02:05:47 AM |
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Moore's law is approaching it's end. We won't keep seeing leaps in transistor reduction. Switching to graphene or some other exotic manufacturing might be the future.
But for what seems an eternity in the Bitcoin world, the next 1-2 years will still see more efficient miners released.
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DannyElfman
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July 07, 2014, 03:34:39 AM |
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http://igg.me/p/822701/xWhat do you guys think? Legit or scam? If this is real it could mean that difficulty would go up even more and our old miners would become obselete even faster. My thoughts: 1) A 14nm ASIC is unlikely to come from a crowd funded source with no ASIC experience. 2) There are many problems with scaling ASICs that have not necessary been solved. The results may in fact be disappointing, maybe in the range of 1.6% faster and not as much power reduction as expected. 3) 14nm is very new and hasn't had time to mature. There will likely be smaller ASICs in coming years, but the huge gains are in. No it is more of a factor of using more ASICs not vastly faster ASICs. So I wonder if difficulty will plateau then? Difficulty still has some ways to go as, if you exclude the initial cost of buying the miners, mining can be profitable after accounting for electric costs.
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This spot for rent.
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dyask
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July 07, 2014, 03:35:30 AM |
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http://igg.me/p/822701/xWhat do you guys think? Legit or scam? If this is real it could mean that difficulty would go up even more and our old miners would become obselete even faster. My thoughts: 1) A 14nm ASIC is unlikely to come from a crowd funded source with no ASIC experience. 2) There are many problems with scaling ASICs that have not necessary been solved. The results may in fact be disappointing, maybe in the range of 1.6% faster and not as much power reduction as expected. 3) 14nm is very new and hasn't had time to mature. There will likely be smaller ASICs in coming years, but the huge gains are in. No it is more of a factor of using more ASICs not vastly faster ASICs. So I wonder if difficulty will plateau then? The difficulty rate growth will slow down, but the real question is when. Personally I think there is still more than a year before we start seeing a real plateau. At some point the amount of power used for bitcoin mining will become a limit to growth.
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Lucky7Gaming (OP)
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Activity: 87
Merit: 10
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July 07, 2014, 12:04:09 PM |
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http://igg.me/p/822701/xWhat do you guys think? Legit or scam? If this is real it could mean that difficulty would go up even more and our old miners would become obselete even faster. My thoughts: 1) A 14nm ASIC is unlikely to come from a crowd funded source with no ASIC experience. 2) There are many problems with scaling ASICs that have not necessary been solved. The results may in fact be disappointing, maybe in the range of 1.6% faster and not as much power reduction as expected. 3) 14nm is very new and hasn't had time to mature. There will likely be smaller ASICs in coming years, but the huge gains are in. No it is more of a factor of using more ASICs not vastly faster ASICs. So I wonder if difficulty will plateau then? The difficulty rate growth will slow down, but the real question is when. Personally I think there is still more than a year before we start seeing a real plateau. At some point the amount of power used for bitcoin mining will become a limit to growth. Yeah. That's what I was thinking. At some point, the electricity costs will decide the plateau of difficulty. Interesting opinions!
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ALToids
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July 07, 2014, 12:40:51 PM |
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http://igg.me/p/822701/xWhat do you guys think? Legit or scam? If this is real it could mean that difficulty would go up even more and our old miners would become obselete even faster. My thoughts: 1) A 14nm ASIC is unlikely to come from a crowd funded source with no ASIC experience. 2) There are many problems with scaling ASICs that have not necessary been solved. The results may in fact be disappointing, maybe in the range of 1.6% faster and not as much power reduction as expected. 3) 14nm is very new and hasn't had time to mature. There will likely be smaller ASICs in coming years, but the huge gains are in. No it is more of a factor of using more ASICs not vastly faster ASICs. So I wonder if difficulty will plateau then? The difficulty rate growth will slow down, but the real question is when. Personally I think there is still more than a year before we start seeing a real plateau. At some point the amount of power used for bitcoin mining will become a limit to growth. Well either the power becomes a major factor or if the growth is slow then the 2016 halving will stop it.
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BTC_Fundamentals
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Merit: 10
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July 07, 2014, 06:40:34 PM |
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Power is ot neccesary the main factor, there is many who is mining with loss, hoping on value increse. there are others who are not paying for electricity or paying very small price.
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dyask
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July 07, 2014, 06:49:44 PM |
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Well either the power becomes a major factor or if the growth is slow then the 2016 halving will stop it.
Yup, once the halving happens it will be a whole new game.
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Lucky7Gaming (OP)
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Activity: 87
Merit: 10
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July 07, 2014, 07:01:08 PM |
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Well either the power becomes a major factor or if the growth is slow then the 2016 halving will stop it.
Yup, once the halving happens it will be a whole new game. Do we know when exactly when halving will occur at this rate?
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maxl
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July 07, 2014, 07:08:25 PM |
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I don't think we will see 14 nm asics very soon. Becaus rhe smallest process node currently is 20 nm. Only Intel has smaller ones at the moment.
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philipma1957
Legendary
Online
Activity: 4284
Merit: 8715
'The right to privacy matters'
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July 07, 2014, 07:13:48 PM |
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Well either the power becomes a major factor or if the growth is slow then the 2016 halving will stop it.
Yup, once the halving happens it will be a whole new game. Do we know when exactly when halving will occur at this rate? no not exactly but if rate avg stays under 20 % some time in 2016. most people do no realize the growth rate has slowed. it is just a bit under 18% avg since the dec 21st 2013 30 % jump. that is about a 200 day time period. the avg from june to dec 21 2013 was about 24 %. 1 simple reason why rate of diff slowed is power savings are slowing. so 24% for 200 days then 18% for 200 days next 200 days will be 13-15% avg and btw no 14nm chip will do 14.4th at under 1000 watts so the AC dude is tripping on acid at best 14.4th will be 2000 watts with 14nm chips.
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DannyElfman
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July 07, 2014, 10:08:28 PM |
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http://igg.me/p/822701/xWhat do you guys think? Legit or scam? If this is real it could mean that difficulty would go up even more and our old miners would become obselete even faster. My thoughts: 1) A 14nm ASIC is unlikely to come from a crowd funded source with no ASIC experience. 2) There are many problems with scaling ASICs that have not necessary been solved. The results may in fact be disappointing, maybe in the range of 1.6% faster and not as much power reduction as expected. 3) 14nm is very new and hasn't had time to mature. There will likely be smaller ASICs in coming years, but the huge gains are in. No it is more of a factor of using more ASICs not vastly faster ASICs. So I wonder if difficulty will plateau then? The difficulty rate growth will slow down, but the real question is when. Personally I think there is still more than a year before we start seeing a real plateau. At some point the amount of power used for bitcoin mining will become a limit to growth. Yeah. That's what I was thinking. At some point, the electricity costs will decide the plateau of difficulty. Interesting opinions! We still have quite a way to go before the difficulty will get to this point.
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This spot for rent.
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