After ASIC what comes next?

[Criterion]

It's time for new super efficient ASICs to hit the market with btc prices being so low.

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[okae]

Dont forget new ASIC is comming out soon, so be sure and expect a highter diff in the next few months, so sad, because like now only chinnese farmers and a few other are able to mine BTC

Maybe ppl should start to think about other ways to mine, there is some good chooises on the ALT market like the burst and his POC algorithm, and im talking about poor ppl like me

[unsoindovo]

Dont forget new ASIC is comming out soon, so be sure and expect a highter diff in the next few months, so sad, because like now only chinnese farmers and a few other are able to mine BTC

Maybe ppl should start to think about other ways to mine, there is some good chooises on the ALT market like the burst and his POC algorithm, and im talking about poor ppl like me

hi!!!

i think now it is the only profitable alt-Coin.

GPU mining era it is finished!!!

[muhrohmat]

well i would take a look and be aware of the updates in gaw miners site they do seem to have a asic tech quite good they might find another also less expecive in watts and more efective in THs it means the hardware might go to a good ending in mining those blocks and diff may rise and coins may slow down or then just keep up the scall of growning to the btc value the more they mine the more btc are and the vaue it may come like more becuase of the value of hardware to mine and diff rise too btc will defenitly will rise agains dollar euro and yen

[syamster]

ASIC mining is getting profitable ? I am thinking about this...

[grendel25]

ASIC is just an acronym for Application Specific Integrated Circuit.  The technology may change and improve but the basic idea is still the same.  Specialization of integrated circuitry in order to enhance a specific application. 

[SargeR33]

Yes but could there be quantum systems which outperform an ASIC? If mining ended, all our ASIC's would be worth less than bricks. They would serve absolutely NO purpose. If someone could design something new which can hash at the speed of a good asic but still serve a useful purpose, that would be good.

[qs.lab]

Next will be bankruptcy of miners. its obvius.

[timk225]

To raise the difficulty you don't need bigger better ASICs.  Just more ASICs.

Don't buy an ASIC!!!

[Altagracia]

Haven't been keeping up with mining, but I'm sad that Cointerra is having problems. The quicker ASICs reach the same transistor length as intel\amd, I think things will level out. S5 is 28nm and Cointerra was going to release a 16nm. Once a few companies are releasing similar products in the same range, hopefully prices will drop and mining hashrates will stabilize.

Other than a hard-fork, quantum computing may have some great consequence if the entanglement can be done over long distances. Not need for internet to broadcast your transaction.

[LFC4Life]

after asic we'll see another generation of asic.

[dog1965]

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?

That's yet to come you know how greedy Rich people are! I would like to ram the money down there throat and see if they can still breath.
 

[MCHouston]

Quantum Processors then the Blockchain will be come self aware and take over the planet. 

[dog1965]

AGREED.

[muhrohmat]

well for now the asic do the trick for mining i love mining not just for me but for the way of  keeping the engine of crypto going the trades ocur but after  mining with asics the year of 2015 might bring the new generation of miner of Th for sha256 and some for mhs in quantaty of scrypt and x11 and x13 soo i dont know prices but this year looks pormissing becuse theres like 500 coins alt coins in market some hdd some gpu or asic and the antminer for sha 256 its what we have besides some othes that ofeer more TH in sha256

[btcminer021]

Really good question, but I'm afraid ASIC design will simply get more efficient. By the time we move on to quantum computers we will be living on Mars and BTC will be the intergalactic currency.

[MilesJohan]

Really good question, but I'm afraid ASIC design will simply get more efficient. By the time we move on to quantum computers we will be living on Mars and BTC will be the intergalactic currency.

I think such efficient systems might alreayd be in existence. Its a matter of time, since they are used for mining.

[trendax]

ASICs will get more and more refined over the years, better production techniques, and better efficiency J/GHs.
Probably the next leap might balanced ternary or quaternary advantages over binary computing bases.
Quantum computing is definitely science of tomorrow but in terms of the private sector operating a quantum mining farm. Not likely.

[fr4nkthetank]

A little random, but Im supprised that everyone seems so sarcastic about quantum computing: certain labs have been able to send data using quantum computing and were even able to run the most basic algorithm that would be predicted to work. It may not sound like much, but quantum computing will be something will have access to relatively soon.

Quantum computing has a few issues.

1) We are a very very long way from making a working quantum computer.  All that we can do at the moment is create a quantum bit (qbit) and manipulate it in simple ways.  

2) Quantum computing is not deterministic with exact answers as in traditional computing.   Instead a quantum computer would give results with a probability of being correct.   A program run on a quantum computer may give a slightly different result each time it is run.

Quantum computing has some similarities to analog computing.

3) Quantum computers cannot solve anything beyond that possible with traditional computers.  They are just theoretically faster for specific problems.


In more detail a qbit is the quantum equivalence of the traditional computing 0 and 1 except it has a probability of being any value between 0 and 1.  For example a qbit could be loaded with a 25% probability of being 1, thus an 75% probability of being a 0.  Various operations are then available to manipulate and combine qbit probabilities.  It is only when the final result is read out that everything reverts to the traditional 0 and 1 world based on the final probabilities.  

See for example http://gizmodo.com/whats-wrong-with-quantum-computing-1444793497
and
http://www.cs.virginia.edu/~robins/The_Limits_of_Quantum_Computers.pdf





Yes but understand this:  If quantum mining is 10000000000000x better than asic, then the financial incentive to discover it first is, well, very, very, very large.  at first of course.  good for developement

[muhrohmat]

well people the asic is here to stay because its a integrated circuit and can develop no need for new names and it can get like 1THs for very low price and give those 1.000.000 satoshis per day in each HASH just the watts im a bit conserned.