Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
It's an exponential increase, that's all you need to know to answer the question "Is it sustainable forever?" with no.
What stops it from going up exponentially forever is that in a finite system with finite resources you cannot get an arbitrarily high hash rate. Moreover, since the exponential is a very rapidly increasing function, resources will be exhausted pretty soon, so it cannot continue for very long.
Are you guys making arguments about the word "forever".
What's next? Talking about how the sun eventually will go off...Oh wait...you covered that by pointing out the finite resources issue...
Try to understand the context please...
There is no question of forever here. The exponential we are talking about is growing so fast that it has to slow down very soon, as I said. We are talking about a year or so. Something on that scale. The problem is that it will slow down only several months after everybody realized that there is no more profit to be made and that will be too late.