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lano1106
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August 10, 2013, 05:03:15 AM |
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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 |
BTC: 1ABewnrZgCds7w9RH43NwMHX5Px6ex5uNR
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No Gods or Kings. Only Bitcoin
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Vycid
Sr. Member
 Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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August 10, 2013, 05:10:08 AM |
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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? |
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ShroomsKit
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August 10, 2013, 09:51:24 AM |
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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? |
Its price is not a very relevant factor in its adoption....
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JordanL
Donator
Sr. Member
Offline
Activity: 294
Merit: 250
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August 10, 2013, 11:12:31 AM |
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Xendrios
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August 10, 2013, 11:25:32 AM |
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"three ASICMINER Block Erupter USBs that mine for Bitcoins at 334 GH/s each!" Isn't it 334 MH/s each? |
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JordanL
Donator
Sr. Member
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Activity: 294
Merit: 250
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August 10, 2013, 11:37:03 AM |
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"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? |
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Xendrios
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August 10, 2013, 12:13:15 PM |
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"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! |
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JordanL
Donator
Sr. Member
Offline
Activity: 294
Merit: 250
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August 10, 2013, 12:33:34 PM |
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"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! Tip sent, cheers. :-) Thanks again. |
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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August 10, 2013, 12:53:52 PM |
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Only 11k replies to go through..
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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narayan
Member
Offline
Activity: 98
Merit: 10
I do not sell Bitcoins. I sell SHA256(SHA256()).
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August 10, 2013, 12:57:31 PM |
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Purchased my first ASICMINER share. Let it rally!
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BTC: 1PiPooLvcEoBLuXBHbwUnN5rShs2nas223
LTC: LRq7YPMDoERSZcte9ZPNHQkUbfiPsY55VM
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lophie
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August 10, 2013, 01:30:24 PM |
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Purchased my first ASICMINER share. Let it rally!
Is this a message from the past? |
Will take me a while to climb up again, But where is a will, there is a way...
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kleeck
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August 10, 2013, 01:49:56 PM |
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Purchased my first ASICMINER share. Let it rally!
Is this a message from the past? Nope. Some of us got into AM @ ~3.5 knowing it would rise to at least 4 by next div. I can't say these were my first shares in AM, though.  I'm sure many others are utilizing the low AM share price for short term gains. |
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JimiQ84
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August 10, 2013, 02:14:22 PM |
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According to group buys new price for USB miner is .35 and for old blade 12BTC
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Voodah
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August 10, 2013, 05:02:06 PM |
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Purchased my first ASICMINER share. Let it rally!
Is this a message from the past? Nope. Some of us got into AM @ ~3.5 knowing it would rise to at least 4 by next div. I can't say these were my first shares in AM, though. I'm sure many others are utilizing the low AM share price for short term gains. Yup. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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August 10, 2013, 08:03:55 PM |
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WOOT! And so it begins also on the 2asic page WE ARE EXPECTING TO HAVE PRODUCTS IN-HAND AND READY TO SHIP DURING THE WEEK OF JULY 29, 2013 OR AUGUST 5th, 2013. WE WILL NOT BEGIN ACCEPTING SALES UNTIL WE HAVE THE HARDWARE AVAILABLE FOR IMMEDIATE SHIPPING. Should it be modified today is August 10  |
Believing in Bitcoins and it's ability to change the world
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JordanL
Donator
Sr. Member
Offline
Activity: 294
Merit: 250
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August 10, 2013, 08:18:04 PM |
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WOOT! And so it begins also on the 2asic page WE ARE EXPECTING TO HAVE PRODUCTS IN-HAND AND READY TO SHIP DURING THE WEEK OF JULY 29, 2013 OR AUGUST 5th, 2013. WE WILL NOT BEGIN ACCEPTING SALES UNTIL WE HAVE THE HARDWARE AVAILABLE FOR IMMEDIATE SHIPPING. Should it be modified today is August 10 Technically, depending on how you look at it, tomorrow is still the week of the 5th.  In all seriousness, thanks for the heads' up.  |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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August 10, 2013, 08:19:51 PM |
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WOOT! And so it begins also on the 2asic page WE ARE EXPECTING TO HAVE PRODUCTS IN-HAND AND READY TO SHIP DURING THE WEEK OF JULY 29, 2013 OR AUGUST 5th, 2013. WE WILL NOT BEGIN ACCEPTING SALES UNTIL WE HAVE THE HARDWARE AVAILABLE FOR IMMEDIATE SHIPPING. Should it be modified today is August 10 Technically, depending on how you look at it, tomorrow is still the week of the 5th. In all seriousness, thanks for the heads' up. Oh touche I should have waited till the 13th XD And no probs |
Believing in Bitcoins and it's ability to change the world
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aahzmundus
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August 11, 2013, 06:35:42 PM |
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So... some of these group buys have public listed payment addresses... who wants to gather all of those and then use them to help in calculating div estimates? Canary has 1BywWhaLuHfoK4Hwi2ppPVRSCsxRb91cAS for his most recent and Arklan has 1FhKvN9VB9AhJ3pfsEMa7ZDpuifSh5JXNo. Who is excited? This kid right here.
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JimiQ84
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August 11, 2013, 06:38:54 PM |
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So... some of these group buys have public listed payment addresses... who wants to gather all of those and then use them to help in calculating div estimates? Canary has 1BywWhaLuHfoK4Hwi2ppPVRSCsxRb91cAS for his most recent and Arklan has 1FhKvN9VB9AhJ3pfsEMa7ZDpuifSh5JXNo. Who is excited? This kid right here.
I have seen some prediction of dividends on the 0.04 level. I didn't believe in that until now  10.25 is gonna sell like crazy |
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