New 14nm miners???????

[Lucky7Gaming]

http://igg.me/p/822701/x

What 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.

[bbeesley]

"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

[Lucky7Gaming]

"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.

[bbeesley]

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

[beatljuice]

"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.

[Lucky7Gaming]

"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.

[dyask]

http://igg.me/p/822701/x

What 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.

[Lucky7Gaming]

http://igg.me/p/822701/x

What 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?

[beatljuice]

"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?

[ALToids]

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.

[DannyElfman]

http://igg.me/p/822701/x

What 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.

[dyask]

http://igg.me/p/822701/x

What 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.  

[Lucky7Gaming]

http://igg.me/p/822701/x

What 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!

[ALToids]

http://igg.me/p/822701/x

What 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.

[BTC_Fundamentals]

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.

[dyask]

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.   

[Lucky7Gaming]

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?

[maxl]

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.

[philipma1957]

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.

[DannyElfman]

http://igg.me/p/822701/x

What 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.