Quote from: pcm81 on January 30, 2013, 05:41:31 PM

Quote from: mrb on January 30, 2013, 06:01:49 AM

Quote from: pcm81 on January 30, 2013, 04:56:40 AM

Quote from: MrTeal on January 30, 2013, 04:46:35 AM

You know that 1110 hours is only a month and a half, correct?

Yes i do, but by the time you add in the cost of electricity, occasional down time, the designers profit margin etc, you are talking close to 6mo to pay for your ASIC chip.

Which is why BFL is selling ASICs (for an instant profit) instead of mining with them for months to recoup their investment. Congratulation for logically deducing that BFL's business actually makes financial sense, therefore is realistic!

PS: will you promise me that you will write an apology, once I receive my ASICs from BFL in the next few months, proving that you were wrong? Grin

Please specify what "few months" means in real numbers. I don't think you will get 4.5GH/s for $150 price tag at 1000MH/J as the Jalapeno is specced here:
https://en.bitcoin.it/wiki/Mining_hardware_comparison

Don't get me wrong, I don't want to be the "doom cryer" or a pessimist, I would LOVE to see ASIC products to be available for bitcoin. I just don't think it will happen. By ASIC i mean true asic, not FPGA conversion.

I see no point in continuing this discussion. I tried to reason with you but you avoided to answer all the technical arguments I spent time writing down in this post explaining that ASICs are very plausible. Besides, it is now proven that you were wrong. As widely reported today, "it happened": jgarzik, a core bitcoin developer, has received the first ASIC unit, and is mining with it as we speak. So, please stop trolling the forums.