Quote from: Alphi on October 29, 2013, 11:54:04 AM

Quote from: JohnyBigs on October 29, 2013, 05:58:52 AM

At these prices Return on Investment is 3-6 months at current hash-rate. Are you guys seriously complaining about this? Let me guess you want returns of 2 weeks? My some people sure are greedy lol.

do you not understand that at the current hash rate.. the divs will halve every month?... and therefore in order to get a ROI in 3-6 months the hash rate needs to double EVERY month...

I think some people really struggle with the idea of compound growth..

allow me to spell it out for those who cant quite grasp the concept..

10TH deployed this month, 20TH next month, 40TH the month after just to keep the dividends stable.

so 70TH by chistmas and then another 70TH by the end of january... now do you see the problem?

sure the bitcoin network total hash rate growth has to slow down at some point but as yet there is absolutely no sign of that happening any time soon...

I theorise that we will only see a significant drop in hash rate growth when we finally reach the mass saturation stage of 22nm or 14nm ASICS.. in other words.. when we get to a point where it becomes cost prohibitive to produce smaller nm ASICS then this madness of doubling the difficulty every month or so will end and we should move to a growth pace similar to moors law (ie a doubling every 12 to 18 months)

Precisely, the hash rate now is ~9TH. And it keeps decreasing.
No more deployment. The deployed chips may burn out some day.