Re: Universal Hash Board: Bitfury 28 nM "UHB

Very cool...but a little late...no chips will be sold to anyone by any manufacturer to make a miner for the general public Sad

I totally understand the pessimism. I've been watching Bitcoin since the GPU days and all the drama that has unfolded.
IMO, if it doesn't change (ASIC companies not selling their chips) then they are going to be "holding the bag" and it won't be worth much.
If they don't embrace us "little guys" sooner rather than later then I truly believe POW blockchains utilizing ASICs are doomed.

We've chosen to be optimistic. We've chosen to work hard and share our efforts as much as possible with a bright hope of ASIC manufactures
embracing us and working closely with us.
We desire to become a 3rd party hardware manufacture that will also empower this community and give it a voice that cannot be ignored.

All well & good,except...there are only 2 or 3 ASIC companies left,Avalon & Bitmain & BW(maybe Bitfury,I think they are dead or dying).

They will not sell chips to anyone (in any meaningful amount),cause.....money,they make MORE profit keeping their chips & manufacturing in their CONTROL Roll Eyes

Not to mention the self mining they are doing to increase profit even further.

So,unless YOU make YOUR OWN chips,YOU will have nothing to build or sell to us "little guys"............& your "voice" will be basically ignored,they'll be nice about it though I'm sure.

Bitcoin has been in the commercial phase for a few years now & will get even more commercialized as the the few with chips & miners consolidate the hashrate in their favor.

Best of luck,just don't hold your breath!!!! Grin

On BitFury, ja it is looking like their chip making divisions foray into 16nm will not make it to the Public. But BF as a whole... They do a helluva lot of other things including blockchain analytics so bottom line is probably still pretty good for them. The losses from 16nm chip making and of course related to that, any containerized farms they sold based on it will just be write off's to them and backers/investors.

As for BTC being a commercial phase and becoming more so -- Satoshi or whoever came up with with it designed that in from day-1. What it ultimately boils down to is that BTC block-found payout halving will always happen until finally all income is derived solely from Tx fees vs miner's finding blocks.

Anyone looked at what the typical tx fees per block are currently? Hint: Not much vs the 12btc miners bounties... On CK pool typical best additional payout from Tx fee's that CK distributes is around 1BTC.

all my economic calculations say this will need to be addressed the issue is there is a hard transaction cap of about 700,000 per day . It does not happen since every transaction would need to be 227 bytes to get that high.

the whole network does 300,000 on average each day.

there are several ways or methods that could fix this issue .

I am hoping it to be a fusion between BTC and ETC-ETH actually any gpu non basic coin will due.

the idea is the 300000 average could be slowly increased for BTC no need to rush since ETH/ETC can do a real lot of transactions each day.

I am watching to see this idea or another come about before the next 2 ½ings occur.