[2014-09-14] CD: Why Bitcoin Mining Can No Longer Ignore Moore’s Law

[LiteCoinGuy]

Why Bitcoin Mining Can No Longer Ignore Moore’s Law


The bitcoin mining industry has witnessed massive change over the past two years. The technological arms race launched by ASIC makers quickly put an end to GPU and FPGA (field-programmable gate array) mining, but much like the Cold War arms race, additional investments may prove unsustainable in the long run due to ROI constraints.

http://www.coindesk.com/bitcoin-mining-can-longer-ignore-moores-law/

[1715198486]

1715198486

[1715198486]

1715198486

[bryant.coleman]

The bitcoin mining scene has gone crazy. The hash rate is increasing at a logarithmic rate, and the exchange rate for Bitcoin is going down at the same time. I am sure that 90% of the Bitcoin miners are mining at a considerable loss, unless they had received their ASICs immediately after ordering. Things will get even more interesting in 2016, when the block size will be halved further.

[BurtW]

Reward-Drop ETA: 2016-08-04 05:02:04 UTC (98 weeks, 3 days, 13 hours, 50 minutes)

But probably sooner , could easily be July, might even be June.