Quote from: Bitcoinorama on October 16, 2013, 07:49:05 PM

Quote from: Paladin69 on October 16, 2013, 07:43:31 PM

Wow the genesisblock calculator updated. Very grim...mining equipment will be lucky to make half of their value back.

http://mining.thegenesisblock.com/

I think those who deny this will be very disappointed. You aren't really competing against each other anymore hoping your neighbor drops out. China is ramping up for their own large scale corporate farms. http://feedproxy.google.com/~r/TheGenesisBlock/~3/W0-SZClMliA/

I see no reason to believe this won't keep expanding by small amounts of very wealthy people despite the average person bailing out. You'll get far more BTC for your $ if just buying direct now.

Dude the hashrate is about to level out for a bit not, continue growing like this for a while. This has been the first shipment of a major die shrink. If anything it shows the genesis block was way off base all along, as I previously stated. This will be a huge step up over a couple of weeks and then there won't be anything in such a huge multiple in one go on to make such a marked effect on the hashrate again for sometime. More a plateau You certainly won't see a doubling of the current hashrate as it stands after the KnC delivery for a while yet, even during their November shipment. If they were to ship anywhere near what they shipped just now, it'll increase the current hashrate by a proportion, not a multiple due to the cumulative effect of this wave.

What about Hashfast? They are coming online with at least 550 orders. Their chip could probably be overclocked to 600 gh/s. So that means about 330 terahash added. then other companies too, there aren't a waiting period for new companies to come out with hardware, they are doing it right now