Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
We also have no evidence of AM Gen 2 working. We assume it will happen because FC has a reputation for delivering.
Similarly, the guys at Cointerra have real industry reputations. I knew about Open Silicon before I'd ever heard of Cointerra (I'm in the semi industry) - Dr. Sherwani is the president of Open Silicon, and he is on Cointerra's advisory board. Plus, Cointerra recieved 1.5M in private equity. That typically implies they've got more than a plan to scam nerds.
These guys have almost certainly done business with GloFo before. We're up a couple quality leagues from BFL and Avalon in terms of talent.
They could be late (NB: AM could be late), but there's a buttload of competition that will fill their place if they are. Cointerra just happens to be my favorite horse in this race.
Fair point, I still am waiting on that buttload to get off their arses for now
We do not have Gen 2 proven to be hashing either so that is a valid point we are still waiting on the timeline, but I did like cointerras video and do agree with your point that they have industry reputation.
The question still remains if they will do it in time to be profitable and outpace the increases in difficulty.
http://www.youtube.com/watch?v=K199f61n4qM
As for the other buttload of competition time tells no lies but AM is still the only one that pay's
.It will be interesting how they will add to the storyboard in the long-run
http://thegenesisblock.com/bitcoin-network-reaches-1-petahash-per-second/
2009 - CPU
2010 - GPU
2011- FPGA
2012 - Rise of The ASIC
2013 - The ASIC Arms Race
2014 -
?Some unknown point in the future
Quantum