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Author Topic: After ASIC what comes next?  (Read 12518 times)
WilderX
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December 21, 2014, 06:54:20 AM
 #1

So hey guys, miners, enthusiasts... You are all probably aware that Bitcoin network hashrate seems to be in a "holding pattern" for the past 2 months and growth seem to have stopped now.

So any ideas what comes next? Something exciting that will make the hashrate keep going up or are we going to stay in this "holding pattern" for years now? Only small advances when new data centers for Bitcoin opens... Or?


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December 21, 2014, 09:49:05 AM
 #2

What comes next after ASICS?more powerfull asics, of course


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December 21, 2014, 11:26:06 AM
 #3

quantum asic, or something more funny
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December 21, 2014, 10:35:15 PM
 #4

What comes next after ASICS?more powerfull asics, of course
If something doesnt come soon then halving will happen, which will cause the miners to quit thus increase the price.
 Will be nice to see what happens over the year.
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December 21, 2014, 10:45:07 PM
 #5

The answer to the OP's question is something I've been working on for a long time. ASIC? Yes.....but different. It's coming sooner than you think.
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December 21, 2014, 10:48:00 PM
 #6

It is a shame the the difficulty is so high right now and the BTC rate so low. In order to ROI you have to invest so much at them moment, and then there are all these issues with hardware manufacturers that deliver way too later, or go bankrupt and don't deliver at all.

I loved mining, just hearing the noise, seeing the hash rates, lights blinking, loved it. Also the fact that you could invest a "normal" amount to make some  BTC.

Even whatever comes after ASIC will be a big players game.

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December 21, 2014, 10:55:28 PM
 #7

It is a shame the the difficulty is so high right now and the BTC rate so low. In order to ROI you have to invest so much at them moment, and then there are all these issues with hardware manufacturers that deliver way too later, or go bankrupt and don't deliver at all.

I loved mining, just hearing the noise, seeing the hash rates, lights blinking, loved it. Also the fact that you could invest a "normal" amount to make some  BTC.

Even whatever comes after ASIC will be a big players game.
Yeah, I wonder how strong would the next miner be. Would definitely be a game changer.

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December 21, 2014, 11:05:35 PM
 #8

I loved mining, just hearing the noise, seeing the hash rates, lights blinking, loved it. Also the fact that you could invest a "normal" amount to make some  BTC.


Those days were great. I loved how hands-on it all was. The hum, the heat, the hash rate fluctuating, and all the unexpected problems that arose and the little victories of solving them. Probably much like the early days of home computing.

My favorite era of mining was that very brief period of time when GPUs, FPGAs, and ASICs all overlapped, before the difficulty level exploded. I remember turning out the lights in my mining room, watching all the little ASIC lights flicker and hearing the GPUs humming alongside them.
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December 21, 2014, 11:10:41 PM
 #9

...
So any ideas what comes next? ...

Super intelligent quantum robots that mine the rest of the bitcoins and use them to spam all of humanity.
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December 22, 2014, 03:17:38 PM
 #10

Whatever comes next would be hardcore. I cant imagine a mining rig stronger than ASIC.
Would be interesting to see where it goes in the next 2 years.

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December 22, 2014, 03:23:40 PM
 #11

The next revolution will still be ASIC-based, but it might be power-efficiency scaling. In other words, run the same hashrate for significantly less wattage. Think of FPGA compared to video card in late 2011 (if you were around then, it's easier to understand). My guess is we'll see the reemergence of the individual miner over the course of the next 8 months as the hashing power falls and difficulty subsides. I could be wrong, however, I'm mostly guessing at this point, but I don't foresee a huge number of people spinning up big farms with the difficulty, price, and ROI being at where they are at right now.

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December 22, 2014, 03:34:13 PM
 #12

ASIC is a clas off dedicated chips. After ASICS you get more ASICS using smaller transistors. The tech to build them already exists, its only a matter of economics now.

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December 22, 2014, 04:37:50 PM
 #13

when bitcoin is sitting at $300 I can't see many people spending thousands on these asics as there is really no ROI once you work in electricity.

Im sure there is someone somewhere working on some crazy product but they are probably using it and will milk it until there is barely any profit in it then sell it to people like every other bitcoin asic company



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December 23, 2014, 02:42:20 AM
 #14

thats why "cloud mining" is spawning. later they will move over into every electrical items, companies will pay a % of a cost to have a single little chip mining away inside some light-bulb and wall-warts, connected via wifi, so your little 5PH farm will move into 100PH or more. then when Quantum Arithmetic Logic Units come out into the main world, there will never be a "*Hash a second" calculation again...

Imagination, it happens
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December 23, 2014, 09:09:44 PM
 #15

The hasrate spiked almost close to 400k Thash/s WTF was that? Network hashrate variations 25% a day...

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December 24, 2014, 02:18:09 AM
 #16

ASIC's will be still around some time Wink

Try to ask TSMC they create manufacture technology from years.
http://www.tsmc.com/english/dedicatedFoundry/technology/mtm.htm

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December 24, 2014, 03:56:53 PM
 #17

http://blogs.wsj.com/digits/2014/08/15/german-startup-says-its-new-chip-halves-bitcoin-mining-energy/
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December 24, 2014, 09:59:06 PM
 #18

Yes The whole Entire Bitcoin Market Is Geared For The Rich Greedy selfish A*****E's !!!!!!! They Took Control Of everything they can get there greedy hands on anyway But that's life anyway!!!


Money talks BS walks as they say.


In order to ROI you have to buy 100 or Better antminers or better. The rich are buying up all the mining farms or merging with each other. US home miners are being  Thrown to the dogs!!

 
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December 24, 2014, 11:45:18 PM
 #19

Yes The whole Entire Bitcoin Market Is Geared For The Rich Greedy selfish A*****E's !!!!!!! They Took Control Of everything they can get there greedy hands on anyway But that's life anyway!!!


Money talks BS walks as they say.


In order to ROI you have to buy 100 or Better antminers or better. The rich are buying up all the mining farms or merging with each other. US home miners are being  Thrown to the dogs!!

 

https://en.wikipedia.org/wiki/Tragedy_of_the_commons

I'm honestly more surprised major chip makers didn't try to jump on the ASIC bandwagon. Could you imagine a world where Qualcomm, Intel, AMD, etc. are the major BTC miners running their own internal proprietary hardware and software?
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December 25, 2014, 01:12:00 AM
 #20

asics are just getting faster and faster with the only difference being that they are smaller and even more energy efficient.
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