Quote from: Miz4r on September 21, 2013, 04:50:47 PM

Quote from: Bitcoinorama on September 20, 2013, 07:33:27 PM

Quote from: scrawler on September 20, 2013, 07:28:37 PM

Quote from: Miz4r on September 20, 2013, 07:24:28 PM

Quote from: Bitcoinorama on September 20, 2013, 06:51:46 PM

Quote from: dextryn on September 20, 2013, 06:21:46 PM

Quote from: Puppet on September 20, 2013, 06:01:34 PM

The growth seems to be accelerating still, if anything:

http://bitcoin.sipa.be/growth.png

A solid 2.5% per day, which is +125% per month.

Perhaps the growth of the growth has tapered off a little but thats a bit meta to me and statistical noise at this point

Yes it is accelerating still, however the growth of the growth seems to have tapered off. Maybe it's just me hoping and wishing too much.

Anything is an acceleration this is still very much the GPU transition. There was supposed to be a 130nm, and 65nm stage, but we all know how that went and who received the lion's share of that (specific companies themselves, delay tactics, lies, etc.). This is about to be the peoples' real ASIC revolution. Viva!

I don't think the people are gaining much from this. The profit lies with the companies selling the miners, not the people buying them as they can only pray for ROI.

Agree!

Pffft who is taking all the risk? The guys betting few $K, or the guys betting the chance they will never ever be allowed to run a business again with reputation as mud?! They have always stated they build a machine that spit coins, your bet is on BTC being taken as a legitimate currency in future. If you want to make big coin then innovate a means for mainstream use and adoption. Brain power trumps plugging in machines that print money. Margins there will always be squeezed by more affluent people once product prove safe to purchase and elec. is cheap. That's a no brainer.

Sorry to break it to you bro, but common sense dictates here...

Oh please... if your bet would be on BTC being a legitimite currency in the future it would be more profitable to just buy BTC instead. People just got sucked into the BTC mining rush with their eyes looking like dollar signs, and now these same people are going to find out how it feels to be crushed under the wheels of exponential increasing difficulty. I don't think KNC is a bad company or anything, they will probably take their place as 2nd best mining hardware company after Bitfury. But to claim that this is the ASIC revolution for the people... please, people who have risked their money will be very lucky to break even in the future and most certainly would have done better by buying BTC directly.

I'm sorry do you really expect people to not keep purchasing hardware to the point by which profit margins are squeezed to such an extent they are minimal in comparison to electricity, yet more likely to give a greater gain over a year than held in a bank, just like GPU mining? What did those guys do exactly?...they bet on BTC price increasing making their effort worthwhile. Exact same scenario, expect currently profit margins still remain greater until everyone has caught up. KnC provoded the safest bet with people's funds that's all. Lets see what eventual power consumption and hashrate is before crowning anyone. That's for both parties.