Re: Bitcoin mining proof-of-work over the last 6 years as we move to 1 exahash/s
i think exactly the same, people tend to forget that side from the bitcoin world, there is so much fiat money invested on mining and more will come with the new chips, there must be a correlation between hashrate and bitcoin value.
The last increments from the hashrate it is having repercussions ATM and more will come, is just a question of time
The last increments from the hashrate it is having repercussions ATM and more will come, is just a question of time
The 16nm ASICs are clearly going to affect the balance of the network as they're much more power efficient, but so too will the block reward halving that's coming in July (looks like it will stay in July although there's an outside chance it might move into late June). At a stroke the reward halving cuts the funds available to miners unless the BTC price doubles.
Are those 16nm ASICs, that everyone seems to find awesome already produced ? If so, why don't the ASICs manufacturer sell them now ?
Most, though not all, of the ASIC Manufacturers produce the complete miner and have decided that it's in their best interests to "self mine". In other words, they produce the miner and install and run it in their own "farm". I think it was KNC that first started doing this, but clearly Bitmain does, along with BitFury and others.