Quote from: dhenson on August 13, 2013, 04:27:13 AM

Quote from: cointerra on August 06, 2013, 05:18:24 PM

CoinTerra is proud to announce the specs of our first ASIC chip GoldStrike1 (aka GS1)

GS1 is a 28nm chip and will be one of the highest performance ASICs in the Bitcoin mining world with a hash rate greater than 0.5TH at a power consumption of significantly less than 1 watt/GH. More details later this month before we take preorders.

The GS1 chips are expected to arrive late Q4 2013.

Our website will be ready to take preorders later this month with a range of products involving one or multiple units of the GS1.

So I just ran the calculator using 63% Monthly increase (our approximate average over the last few months) and unless Cointerra can deliver at an amazing price point (like $4/Gh), I don't see these being very popular. I really want there to be an upside to this, but when people are fighting over the end game where you're worried about making mining profitable vs. electricity costs, then we're talking about a couple dollars a day.

http://mining.thegenesisblock.com/a/a4a60f3d98

Someone please prove me wrong, I really don't want the days of the money printing machine to be over.

This is what I've been saying. And ultimately, the profit of mining should stabilize at just over the cost of electricity. The huge rush to ASICs was a consequence of the massive rise of bitcoin price suddenly.

When the price jumps again we'll see another rush to activate ASIC power. But always the game is to pay your ROI on your device before the difficulty catches up to marginal profit, which becomes the new normal.