ASICMINER: Entering the Future of ASIC Mining by Inventing It

[bitsalame]

And considering that some miners in China can get electricity for free... Well, you do the math.

[ninjarobot]

Friedcat's stated goal of squeezing everyone.  

Well, FC is certainly getting some help today.

http://www.reddit.com/r/Bitcoin/comments/2iennz/watching_this_happen_is_one_of_the_most/cl1l74t

I am worried that a continued price decline will cause a further centralization of mining power into the hands of a few players though. This can not be healthy for the Bitcoin ecosystem as a whole.

[FUR11]

AM needs to gain as much liquidity as possible now by selling hardware and do some self-mining. I strongly believe that dividends are out of the question at the moment and we better be off waiting for a decent gen4 now! Gen 4 also needs to be deployed big time. And also self-mining from day 1!

[Puppet]

Didnt see this posted here yet, and in fact, I hadnt seen it anywhere, but might be relevant to you:

BitFury plans to achieve 0.2 Joules-per-Gigahash (J/GH) in its high powered mining centers by the end of this year, with plans to improve to an astounding sub 0.1 J/GH by “mid-2015[.]”
http://cointelegraph.com/news/112520/bitfury-announces-02-jgh-energy-efficiency-plans-sub-01-jgh-by-mid-2015

[silverfuture]

Didnt see this posted here yet, and in fact, I hadnt seen it anywhere, but might be relevant to you:

BitFury plans to achieve 0.2 Joules-per-Gigahash (J/GH) in its high powered mining centers by the end of this year, with plans to improve to an astounding sub 0.1 J/GH by “mid-2015[.]”
http://cointelegraph.com/news/112520/bitfury-announces-02-jgh-energy-efficiency-plans-sub-01-jgh-by-mid-2015

0.2 J/GH was what Gen 3 asicminer chips were simulated to achieve at 40nm but unforeseen heat problems in the design were encountered in actual chip testing. Friedcat stated that these heat problems were solved going into Gen4 so I guess we will have to wait and see in both cases.  Whatever happens, we'll have interesting stories to tell the great grand kids while rocking on the back porch.

[Bonam]

Doesn't matter what the J/GH is if you can never recover the capital cost of miners even with free electricity, which is where bitcoin mining stands right now.

[hdbuck]

Doesn't matter what the J/GH is if you can never recover the capital cost of miners even with free electricity, which is where bitcoin mining stands right now.

nah, 350$/btc is still much better than last year.

edit:

Nevermind the fact that it's *still* up 270% over the last 12 months, and 2700% over the past two years. These guys always seem to leave that part out...

[Chris_Sabian]

Didnt see this posted here yet, and in fact, I hadnt seen it anywhere, but might be relevant to you:

BitFury plans to achieve 0.2 Joules-per-Gigahash (J/GH) in its high powered mining centers by the end of this year, with plans to improve to an astounding sub 0.1 J/GH by “mid-2015[.]”
http://cointelegraph.com/news/112520/bitfury-announces-02-jgh-energy-efficiency-plans-sub-01-jgh-by-mid-2015

0.2 J/GH was what Gen 3 asicminer chips were simulated to achieve at 40nm but unforeseen heat problems in the design were encountered in actual chip testing. Friedcat stated that these heat problems were solved going into Gen4 so I guess we will have to wait and see in both cases.  Whatever happens, we'll have interesting stories to tell the great grand kids while rocking on the back porch.

0.2 J/GH would be amazing. 
0.2 J/GH + liquid cooling from DataTank = huge hashrate

[Dexter770221]

Doesn't matter what the J/GH is if you can never recover the capital cost of miners even with free electricity, which is where bitcoin mining stands right now.

nah, 350$/btc is still much better than last year.

... and difficulty is MUCH MUCH better than last year. Nothing to compare...

[hdbuck]

Doesn't matter what the J/GH is if you can never recover the capital cost of miners even with free electricity, which is where bitcoin mining stands right now.

nah, 350$/btc is still much better than last year.

... and difficulty is MUCH MUCH better than last year. Nothing to compare...

right, still AM's capacity is not the same too.

[RoadStress]

right, still AM's capacity is not the same too.

But nowhere to be seen!

[hdbuck]

right, still AM's capacity is not the same too.

But nowhere to be seen!

they at least have produced 60Ph more. bitch.

[RoadStress]

right, still AM's capacity is not the same too.

But nowhere to be seen!

they at least have produced 60Ph more. bitch.

Produced is not equal to having online!

[hdbuck]

right, still AM's capacity is not the same too.

But nowhere to be seen!

they at least have produced 60Ph more. bitch.

Produced is not equal to having online!

and selling is not equal to be produced. tell this to spongebobtech.

[JoTheKhan]

right, still AM's capacity is not the same too.

But nowhere to be seen!

they at least have produced 60Ph more. bitch.

Produced is not equal to having online!

and selling is not equal to be produced. tell this to spongebobtech.

No reason to argue back and forth.

[hdbuck]

right, still AM's capacity is not the same too.

But nowhere to be seen!

they at least have produced 60Ph more. bitch.

Produced is not equal to having online!

and selling is not equal to be produced. tell this to spongebobtech.

No reason to argue back and forth.

sure ^^

power to FC teh almighty.

[jdany]

No reason to argue back and forth.

Shush.  This is gunna get good.

[Fordee]

*grabbing popcorn

[Puppet]

Doesn't matter what the J/GH is if you can never recover the capital cost of miners even with free electricity, which is where bitcoin mining stands right now.

You couldnt be more wrong. Here is a chart for you:



It shows the network speed where miners would break even after 2 years using the listed assumed variables. Even  in the current climate and with current efficiency, we are no were near where (industrial) mining  would not be profitable. And the effect of power efficiency is quite dramatic if you consider reasonable electricity cost price ranges (~0.06 / KWh)

[rudi]

Doesn't matter what the J/GH is if you can never recover the capital cost of miners even with free electricity, which is where bitcoin mining stands right now.

You couldnt be more wrong. Here is a chart for you:



It shows the network speed where miners would break even after 2 years using the listed assumed variables. Even  in the current climate and with current efficiency, we are no were near where (industrial) mining  would not be profitable. And the effect of power efficiency is quite dramatic if you consider reasonable electricity cost price ranges (~0.06 / KWh)

But only AM is selling at ~$330/TH. Spondoolies is advertising $650/TH ... for a pre-order. And my understanding is that other producers are even more expensive?
At which price per TH does it not become profitable to mine anymore, even if you get free electricity?