2014: The year of the mining bubble

[keystroke]

http://bitcoin.sipa.be/speed-lin-ever.png

Looks like we'll get a very slight difficulty increase. Mining might be set to stabstabilize a bit. Anyone know when next gen asics hit?

[dropt]

Q2 2015.

[fewcoins]

Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  

[brg444]

Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  

"Faster" miners doesn't affect the emission schedule

[keystroke]

Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  

"Faster" miners doesn't affect the emission schedule

They do. Otherwise Jan 2017 would be the halving but it's July 2016. Six month difference.

[brg444]

Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  

"Faster" miners doesn't affect the emission schedule

They do. Otherwise Jan 2017 would be the halving but it's July 2016. Six month difference.

Correct, my mistake.

Still...

Since the last halving event, the average bitcoin price has been $337.30 and 411,350 coins have been issued ahead of schedule, equal to approximately $138 million.

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

Hardly anything the market can't digest

[dropt]

Since the last halving event, the average bitcoin price has been $337.30 and 411,350 coins have been issued ahead of schedule, equal to approximately $138 million.

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

Hardly anything the market can't digest

And at the halving we shall rejoice! 

[cryptasm]

I wont sell my coins, forget it!

[Puppet]

2014: The year of the mining ponzi's

[cbeast]

2014: The Year of the Troll

[freedomno1]

http://bitcoin.sipa.be/speed-lin-ever.png

Looks like we'll get a very slight difficulty increase. Mining might be set to stabstabilize a bit. Anyone know when next gen asics hit?

Sounds about right this year the mining difficulty went up exponentially
As for next generation ASIC's there are always units in production but it's difficult to put any dates on them as far as I know AM gen 4 is still in design not fabricating and most current chips are just being sold.

I would agree in saying that Q2 2015 is when we get better chips in.
(Honestly looks like a mining bubble using that chart but not sure if those things pop or just keep going ^^)
Or lead to a stable bitcoin price but 2014 was an interesting year
Year of Retail Adoption
Next Year
Year of Early Stage Development and low level mainstream users.

[brg444]

http://bitcoin.sipa.be/speed-lin-ever.png

Looks like we'll get a very slight difficulty increase. Mining might be set to stabstabilize a bit. Anyone know when next gen asics hit?

Sounds about right this year the mining difficulty went up exponentially
As for next generation ASIC's there are always units in production but it's difficult to put any dates on them as far as I know AM gen 4 is still in design not fabricating and most current chips are just being sold.

I would agree in saying that Q2 2015 is when we get better chips in.
(Honestly looks like a mining bubble using that chart but not sure if those things pop or just keep going ^^)
Or lead to a stable bitcoin price but 2014 was an interesting year
Year of Retail Adoption
Next Year
Year of Early Stage Development and low level mainstream users.

Don't see how that's true.

2014 was year of VC & mining investement. Retail adoption is a sideshow and will remain marginally important for some years

[Torque]

2014: The Year of the Troll

+1000, Good lord yes you nailed it.  I can't wait for another rally to send these asshats away for at least 4-6 weeks.  We need a reprieve from all the bullshit spewed over the last 12 months.

[gustav]

Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  

"Faster" miners doesn't affect the emission schedule

They do. Otherwise Jan 2017 would be the halving but it's July 2016. Six month difference.

bitcoin slow difficultyretarget makes it possible to mine more with faster miners.

[johnyj]

KNC is already aiming for 10x increase in efficiency by 1st quarter 2015, don't really believe it since it is not open sale

[DirkMasline]

2014 will be end, the only thing I can be sure is that the price will not raine much. so sad

[grappa_barricata]

ASICs will get more efficient, but in term of hashing power they have already approached the state of the art in computing hardware. Unless the state of the art is improved (how, exactly? optical circuitry? quantum dreams?), then there will never be such dramatic rises in the network hashing power again.

[jaberwock]

ASICs will get more efficient, but in term of hashing power they have already approached the state of the art in computing hardware. Unless the state of the art is improved (how, exactly? optical circuitry? quantum dreams?), then there will never be such dramatic rises in the network hashing power again.

The general purpose hardware gets more efficient year after year, why do you expect the mining asic hardware will not get more efficient , therefore increasing the hashing power of the network?

[grappa_barricata]

ASICs will get more efficient, but in term of hashing power they have already approached the state of the art in computing hardware. Unless the state of the art is improved (how, exactly? optical circuitry? quantum dreams?), then there will never be such dramatic rises in the network hashing power again.

The general purpose hardware gets more efficient year after year, why do you expect the mining asic hardware will not get more efficient , therefore increasing the hashing power of the network?

It get more efficient in term of power consumption/dissipation. Total hashing power will grow, only not at the awe-inspiring rates of the past. There will not be another radical 'tech switch' like it happened when the problem was first 'mass-parallelized' (GPU, FPGA) and then when it was first solved on special-purpose hardware (ASIC). Someone will not be able to multiply his hashing power tenfold by simply buying another generation of miners. The producers will make it looks like that is still the case, however. Best you can hope is buying basically the same hardware over and over, with fading power consumption.

[lyth0s]

Guys 2014 is the year of "The Great Shakeout"....gah