ASICMINER: Entering the Future of ASIC Mining by Inventing It

[tinus42]

after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?

Learn more, young padawan!

http://en.wikipedia.org/wiki/Application-specific_integrated_circuit

[romerun]

how hard would it be to make hundreds asic cores like the GPU but only do hashing ?

What do you think current ASICs are?

In my mind, the current ASICs look like this.

[freedomno1]

One year ago, a small group of individuals with a grand vision came together and collaborated their efforts. They shared their idea with the community, allowing others to join in the project to come. Within 6 months, they started the largest collective mine and are now considered one of the most (if not the most) successful Bitcoin companies.

Happy Birthday/Anniversary, BitFountain/ASICMiner! May you have many more.

^this

This Happy Birthday +1 XD

[bitman442]

Anyone else unable to access Havelock?

[tinus42]

Anyone else unable to access Havelock?

I can't access the site also.

[freedomno1]

Its down for me as well
With lag on btct

[gramma]

Heh.  I don't have enough coin for this, not by a long shot.  But with Friedcat, who knows about some day?   

[freedomno1]

Heh.  I don't have enough coin for this, not by a long shot.  But with Friedcat, who knows about some day?   

In that case

[VolanicEruptor]

Friedcat, the chinese jew cat!

[Franktank]

One year ago, a small group of individuals with a grand vision came together and collaborated their efforts. They shared their idea with the community, allowing others to join in the project to come. Within 6 months, they started the largest collective mine and are now considered one of the most (if not the most) successful Bitcoin companies.

Happy Birthday/Anniversary, BitFountain/ASICMiner! May you have many more.

Shameless repost but friedcat: "SPEECH! SPEECH! SPEECH"

[stslimited]

after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?

currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating

[Transisto]

after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?

currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating

FYI, AMD is producing it's chips in the same foundry as BFL  ... GloFo

A well made 55nm chip could end up being much more profitable than a 28nm chip that cost more and is ,for example, 6 month late.

[Vycid]

after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?

currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating

This is a ludicrous sentiment. Mining revenues are about $100M a year. AMD's yearly revenue, across all products, is only a little north of a billion. It would definitely be on their radar, since they could grab almost the whole market with little investment. By the way: companies don't ignore sectors just because they're only ~10% of their revenue. If that was true, GE and HP would never release new products. But we see them buying up little companies and launching products all the time.

However, the proposition is even BETTER for Intel, who, unlike AMD, already owns the fabs needed to crank out some chips and keep the cost of dominating mining extremely low (AMD has to contract out, so they've got an economy of scale issue that Intel doesn't).

The real reason that neither AMD or Intel has made a move is that they're both uncertain of the legality of Bitcoin mining, and the tax implications. Even $100M isn't worth taking a legal risk. That's all there is to it.

[lano1106]

after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?

currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating

This is a ludicrous sentiment. Mining revenues are about $100M a year. AMD's yearly revenue, across all products, is only a little north of a billion. It would definitely be on their radar, since they could grab almost the whole market with little investment. By the way: companies don't ignore sectors just because they're only ~10% of their revenue. If that was true, GE and HP would never release new products. But we see them buying up little companies and launching products all the time.

However, the proposition is even BETTER for Intel, who, unlike AMD, already owns the fabs needed to crank out some chips and keep the cost of dominating mining extremely low (AMD has to contract out, so they've got an economy of scale issue that Intel doesn't).

The real reason that neither AMD or Intel has made a move is that they're both uncertain of the legality of Bitcoin mining, and the tax implications. Even $100M isn't worth taking a legal risk. That's all there is to it.

Also, these companies are certainly controlled by institutionnal investors that have a lot to lose by a fiat monetary system alternatives

[Vycid]

after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?

currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating

This is a ludicrous sentiment. Mining revenues are about $100M a year. AMD's yearly revenue, across all products, is only a little north of a billion. It would definitely be on their radar, since they could grab almost the whole market with little investment. By the way: companies don't ignore sectors just because they're only ~10% of their revenue. If that was true, GE and HP would never release new products. But we see them buying up little companies and launching products all the time.

However, the proposition is even BETTER for Intel, who, unlike AMD, already owns the fabs needed to crank out some chips and keep the cost of dominating mining extremely low (AMD has to contract out, so they've got an economy of scale issue that Intel doesn't).

The real reason that neither AMD or Intel has made a move is that they're both uncertain of the legality of Bitcoin mining, and the tax implications. Even $100M isn't worth taking a legal risk. That's all there is to it.

Also, these companies are certainly controlled by institutionnal investors that have a lot to lose by a fiat monetary system alternatives

That's got nothing to do with it. Bitcoin doesn't need Intel or AMD, so avoiding the bitcoin mining sector does nothing except cost potential profit.

And if institutional investors really considered Bitcoin a credible threat, it'd have been 51% attacked to death by now. Since they 'control those companies', remember?

[ShroomsKit]

after ASIC shifts to 28nm, 22nm, 18nm...1nm, what else could be done ? how hard would it be to make hundreds asic cores like the GPU but only do hashing ?

currently a company like AMD is not interested because the entire bitcoin is only 1/3rd of that 1 company's market cap. But if bitcoin was maybe 20 times its market cap things would be more motivating

Did you just pull that out of your ass?

[JordanL]

Gigahash Giveaway: Predict Next Week's ASICMINER Dividends and Win 3 Block Erupter USBs from 2ASIC.com


Good luck everyone!

[Xendrios]

Gigahash Giveaway: Predict Next Week's ASICMINER Dividends and Win 3 Block Erupter USBs from 2ASIC.com


Good luck everyone!

"three ASICMINER Block Erupter USBs that mine for Bitcoins at 334 GH/s each!"

Isn't it 334 MH/s each?

[JordanL]

Gigahash Giveaway: Predict Next Week's ASICMINER Dividends and Win 3 Block Erupter USBs from 2ASIC.com


Good luck everyone!

"three ASICMINER Block Erupter USBs that mine for Bitcoins at 334 GH/s each!"

Isn't it 334 MH/s each?

Thank you for pointing out this typo! Tip address?

[Xendrios]

Gigahash Giveaway: Predict Next Week's ASICMINER Dividends and Win 3 Block Erupter USBs from 2ASIC.com


Good luck everyone!

"three ASICMINER Block Erupter USBs that mine for Bitcoins at 334 GH/s each!"

Isn't it 334 MH/s each?

Thank you for pointing out this typo! Tip address?

You're welcome!

14ajMLiVuvh9xNcMXF1i9kYAPdvoLCSM1s

thanks alot!